Chap. 117.—An ACT to charter the City Savings Bank of Lynchburg,
Virginia.

Approved March 5, 1877.

1. Be it enacted by the general assembly, That Robert
Early, John T. Davis, John D. Langhorne, J. H. Franklin,
R.S. Payne, J. J. Mahone, T. D. Davis, James T. Williams,
James O. Williams, J. W. Marshall, Z. M. Jennings, G. M.
Rucker, Stockton Terry, George P. Taylor, C. H. Lumsden,
and such others as may associate with them, under this act,
be, and they are hereby created and declared to be a body
corporate and politic, by the name and style of The City
Savings Bank of Lynchburg, Virginia, and by that name may
sae and be sued, plead and be impleaded, in all the courts of
law and equity in this state or elsewhere; to ordain, through
its president and board of directors, such by-laws, ordinances
and regulations, as they think proper and wise: provided
that such by-laws, ordinances and regulations, be not incon-
sistent with the laws of this state, or of the United States.
2. The capital stock of the said bank shall not be less than
five thousand dollars (in shares of one hundred dollars each),
which may be increased from time to time to a sum not ex-
ceeding one hundred thousand dollars.

3. The affairs of the bank shall be managed by a president
and five directors, to be elected at the first meeting of its
stockholders, who shall continue in office until the first
Thursday in the following January, which shall be the annual
day for the meeting of stockholders for the election of presi-
dent and directors, and such other matters as the affairs of
the bank may present.

4. The said bank is authorized to receive money on depos-
it, and issue certificates therefor, and shall have power and
authority to invest its capital stock deposits, and other funds,
in bonds of the United States, this or any other of the states,
or county, municipal, and any other public security, consid-
ered sufe and best by the said board of directors; and it may
buy and sell and negotiate coin, foreign and domestic ex-
change, lend money on personal or real security, and receive
the interest in advance, and buy or guarantce the payment
of notes, bonds, bills of exchange, or other evidence of debt.

5. This act shall be in force from its passage.