Chap. 271.—An ACT to incorporate the Bank of Heathsville.
Approved March 4, 1884.

1. Be it enacted by the general assembly of Virginia, That
Giles F. Eubank, William R. Claughton, George Walker, R.
M. Blandon, and W. A. Jones, together with such other per-
sons as they may hereafter associate with them, shall be and
they are hereby constituted a body pe olitic and corporate by
the name and style of the Bank ot Heathsville, and by that
name and style are hereby invested with all the rights and
privileges conferred on banks of discount and deposit of this
state by chapter fifty-nine of the Code of Virginia, eighteen
hundred and seventy-three, and not inconsistent with the
provisions of this act.

2. The capital stock of the said corporation shall not be
less than twelve thousand dollars, in shares of one hundred
dollars each, which may be increased from time to time to a
sum not exceeding one hundred thousand dollars. The said
bank shall be located in the village of Heathsville, in the
county of Northumberland. The officers of said bank shall
consist of a president and vice-president, a cashier and assis-
tant-cashier, if necessary, and such other clerks and messen-
gers as may be necessary to conduct the business of the same.

3. The five persons first named above, shall coustitute the
first board of directors of said bank. They shall continue in
office until the first meeting of the members. At such first
meeting, and at every annual meeting thereafter, directors
shall be elected, who may be removed by the stockholders in
general meeting. but unless so removed, shall continue in office
until their successors shall be elected. The day for the an-
nual meeting of the members shall be prescribed by the by-
laws, and the number of directors shall also be prescribed by
the by-laws: provided that the number shall not be less than
five. The by Jaws may also provide for called-meetings of the
members, and any meeting may adjourn from time to time.

4.‘The board of directors shall elect one of their body
president and one vice-president, and may fill any vacancy
occurring in the board unless it be by removal, in which case
the members may fill the same in general meeting. The said
board shall appoint to hold during its pleasure, the officers
and agents of the said bank, prescribe their compensation,
and take from them bonds with such surety as it may deem fit.

5. The said bank may acquire such real estate as may be
requisite for the convenient transaction of its business, and
such as shall be bona fide mortyaged to it by way of security
or conveyed to it in satisfaction of debts contracted in the
course of its dealings, or purchased at sales upon judgments
against persons indebted to it.

6. Said bank may receive money on deposit, and grant
certificates therefor, and may levy, sell and negotiate coin,
bank notes, foreign and domestic bills of exchange and nego-
tiable notes, payable in and out of this state; it may loan
money on personal or real security, and reccive the interest
in advance; may guarantee the payment of notes, bonds,
bills of exchange, or other evidences of debt, and may receive
for safekeeping, gold and silver plate, diamonds, jewelry and
other valuables, and charge reasonable compensation therefor.
The money received on deposit by said bank, and other funds
of the same, may be invested in or loaned in any stock or
real security, or be used in purchasing or discounting bonds,
bills, notes or other papers.
7. This act shall be in force from its passage.