Chap. 267.—An ACT to incorporate The Bank of Potomac and Safe
Deposit Company of Alexandria.

Approved April 28, 1874.

1. Be it enacted by the general assembly, That Lewis Mc-
Kenzie, Louis Stein, Robert Portner, Samuel H. Janney, John
H. Burroughs, George E. French, David Appich, John Slater,
David G. Watkins, Herbert Bryant, Charles C. Smoot, F. E.
Corbitt, Benjamin Barton, Edgar Snowden, Jr., Robert Bell,
Jr., M. Dulany Ball, William B. Gregory, Andrew J. Fleming,
Samuel J. Reed, and Bazil Brawner, or any five of them,
shall be commissioners to open books of subscription in the
city of Alexandria, to the capital stock of The Bank of Po-
tomac and Safe Deposit Company of Alexandria.

2. The capital stock of said bank shall not be less than
twenty-five thousand dollars, nor more than two hundred
thousand dollars, divided into shares of twenty-five dollars
each.

3. The board of directors shall consist of not less than
seven members, unless otherwise provided in the by-laws,
each of whom shall be a stockholder to the extent of not less
than ten shares of said stock.

4, The said bank shall be governed by the provisions of

chapters fifty-seven and fifty-eight of the Code of Virginia
(so far as applicable thereto), with the exception of section
seven of said chapter, which is hereby suspended until the
resumption of specie payments by the banks of the United
States in general; and shall be entitled to all the rights and
privileges conferred upon banks of circulation by the laws of
this state.
_ §. The said bank may receive money on deposit, and grant
evidences of indebtedness therefor. It may buy, sell, and
negotiate bullion, coin, bank notes, and foreign and domestic
bills of exchange, and may lend money upon personal or real
security and evidences of debt, and may receive the interest
upon such loans in advance; and it may guarantee the pay-
ment of notes, bonds, and bills of exchange, and other evi-
dences of debt.

6. The said bank shall be and is hereby authorized to make
suitable provision for parties needing a safe deposit for deeds,
mortgages, wills, bonds, securities, gold and silver plate, and
other valuable property, as shall be deemed proper by said
bank; and shall make such reasonable charges for the safe-
keeping of such valuables as may be received by it or its
agents, a8 they may determine to be just and equitable, exe-
cuting and delivering duplicate contracts, signed by the
cashier or president, in all such cases, stating the charges
agreed upon.

7. This act ehall be in force from its passage, and shall be
subject to modification by the general assembly.