Chap. 346.—An ACT to amend the charter of the Citizens’ bank,
granted by the circuit court of Nottoway county, August, cighteen
hundred and seventy-three.

Approved April 4, 1877.

Whereas, the judge of the circuit court of Nottoway county,
by an order made, in vacation, on the fourth day of August,
eighteen hundred and seventy-three, granted a charter of in-
corporation to B. W. Thomas, George A. Cralle, Senior, W.
T. Mason and others, and their successors, and such other
persons as might be associated with them, under the name
and style of The Citizens’ Bank; and whereas the stockhol-
ders in said bunk, which has been duly organized, and is now
in operation, desire to have their charter revised, amended
and re-enacted by the general assembly, so that the same
shall in future contain the provisions hereinafter enacted, in
lieu of the provisions previously existing in said charter:

1. Be it therefore enacted by the general assembly, That
the body incorporated, as hereinbefore recited, by the order
of the judge of the circuit court of Nottoway, under the
name of The Citizens’ Bank, and now organized and in op-
eration, together with such persons as are now or may be
hereafter associated with it, be and the same is hereby con-
stituted, made, and continued a body politic and corporate,
by the name and style of The Citizens’ Bank; and by that
name it may sue and be sued, plead and be impleaded, have
perpetual succession and a common seal; with power to or-
dain and establish suitable by-laws and regulations for its
government, and proper to carry out the objects of its organi-
zation.

2. The capital stock of the said bank shall not be less than
fifteen thousand dollars nor more than one hundred and fifty
thousand dollars, tou be divided into shares of sixty-five dol-
lars each.

3. The said bank is authorized to receive money on deposit ;
to buy, sell, draw or negotiate bills of exchange; to invest
the money received on deposit in, or lend the same on stocks,
or any other security, real or personal, or use the same in
purchasing or discounting bonds, bills of exchange and other
evidences of debt, and generally to carry on the business of
a bank of discount and deposit, and the business of a savings
bank, with all the rights, powers, and privileges conferred
and subject to the duties imposed on similar banking institu-
tions by the laws of the state applicable to, or regulating
the same.

4. Said bank is authorized to acquire and hold so much
real estate as may be proper for a banking-house, and the
grounds necessary and convenient for the same, and such real
estate as may be bona fide mortgaged to the company by
way of security, or conveyed to it in satisfaction of debts
previously contracted in the course of its dealings, or pur-
chased at sales under decrees or other proceedings to enforce
the payment of such debts.

5. The stockholders of said bank shall not be liable for
auy loss or damage or responsibility other than the property
they have in the capital stock and funds of the bank to the
amount of shares held by them respectively, and any profits
accruing therefrom not divided.

6. Every stockholder not in debt to the company, may at
pleasure, by power of attorney or in person, assign or transfer
his stock in the company on the books of the same, or any
part thereof, not less than one sbare; but no stockholder in-
debted or Jiable to the company, shall be permitted to mako
a transfer or receive a dividend until such debt or liability is
paid or secured to the satisfaction of the board of directors.

7. Nothing in this act shall impair the existing organiza-
tion of said bank; and the existing rules and regulations,
except so far as they may be directly in conflict with this
act, shall continue in force until altered or repealed.

&. The place in which the principal, office is to be kept,
and its chief business transacted, is the village of Bellefont,
Nottoway county.

9. This act shall be in force from its passage and appro-
val, and sball be subject to amendment, alteration, or modifi-
cation at the pleasure of the general assembly.