CHAP. 508.—An ACT to prohibit fishing in the waters of Clinch
river, in the county of Russell, for the period of two years (ex-
cept with a hook and line or gig), or the poisoning or killing
with dynamite.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That it shall be unlawful for any person to fish in the
waters of Clinch river, in the county of Russell, for the
period of two years, in anv mode except with a hook and
line or gig, or to poison them in any manner or tokill
them with dynamite at any time.

2. Any person guilty of violating these provisions sba!:
be deemed guilty of a misdemeanor, and upon conviction
thereof shall be fined fifty dollars for each offence.

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

CHAP, 559.—An ACT to incorporate the Southern guarantee and
trust company.

Approved March 4. 1%0.

1. Be it enacted by the general assembly of Virginia.
That Tazewell Ellett, General John Echols, A. 8. Buford.
J. S. Barbour Thompson, Henry Taylor, junior, John D.
Horsley, Samuel P. Waddil]l, A. L. Boulware, John B.
Moon, M. M. Gilliam, Charles M. Blackford, W. J. Hubard.
§.S. P. Patteson, R. C. Marshall, B. B. Mumford, Camm
Patteson, John Hunter, William Henry White, Thomas L.
Rosser, and Charles U. Williams, or such of them as accept
the provisions of this act, and their associates and éut-
cessors, be, and they are hereby, constituted and made s
body corporate and politic by the name and style of
“the Southern guarantee and trust company”: and by
that name and style shali have perpetual succession, 4
common geal, and al] the rights and powers conferred br
and be subject to all of the provisions of the general laws
of the state of Virginia in reference to incorporated com-
panies, as far as applicable to and not inconsistent with
this act.

2. The said company shall keep its principal office in
the city of Richmond, in the state of Virginia; and shall
have power to guarantee bonds, notes, mortgages, and con-
tracts of every kind; to furnish abstracts of and give
opinions as to titles to real estate; to guarantee titles to
real and personal property; to write deeds, wills, and con-
tracts: to buy, own, sell, lease, and mortgage real and
personal property in this state or elsewhere; to buy, sell.
and discount bonds, notes, and other paper: to lend or
borrow money on real estate or other security; to adjust
debts and negotiate loans for states, corporations, and pri-
vate persons; to act as the business, fiscal, or transfer
agent of any state, municipality, or corporation, and in
such capacity receive and disburse money, transfer, regis-
ter, and countersign certificates of stock, bonds, and other
evidences of indebtedness; to receive deposits of money,
securities for the payment of money, and other personal
property from persons or corporations for safe keeping, or
for such purposes and upon such trusts as may be agreed
upon; to act as administrator, executor, curator, commit-
tee, trustee, guardian, agent, and commissioner, and re-
ceiver of courts; to guarantee the fidelity and the efficient
discharge of duty of administrators, executors, curators,
committves, trustees, guardians, agents, commissioners,
and receivers of courts and all other fiduciaries, and of
the officers, agents, employees, and servants of counties,
municipalities, corporations, firms, and individuals, and
to become security on thé bonds of all such fiduciaries,
officers, agents, commissioners, receivers, employees, and
servants.

3. The said company, when it qualifies to act as execu-
tor, administrator, curator, committee, guardian, trustee,
commissioner, or receiver, shall be required to give bond
and security, but not to take any oath (a corporation be-
ing unable so to do) for the faithful discharge of its du-
ties in the same manner as required by law of natural
persons acting in the same capacities; and whenever it
offers so to qualify, or is offered as security for any natu-
ral person offering so to qualify, or offering to qualify
as an Officer of any county or municipality, its right to
qualify, or its sufficiency as security for any person offer-
ing to qualify as aforesaid, shall be determined by the
court or official having jurisdiction of the matter by the
same rules of law and practice that govern in like cases of
natural persons. And as to the sufficiency of the com-
pany as security, when offered, the president, a member
of the board of directors, the secretary, treasurer, or some
other officer of the company, shall be examined under
oath in court, or justify by affidavit, and the court may
also require other evidence of sufficiency when in its judg-
ment it may appear proper.

4. The capital stock of said company shall be not less
than one hundred thousand dollars, nor more than one
million dollars, divided into shares of one hundred dollars
each, and no stockholder shall be liable except for the
stock taken or purchased by him.

5. The regular annual meetings of the stockholders of
said company shall be held at Richmond on the second
Monday in December in each year, or at such other time
as the stockholders in any general meeting may appoint,
and in all meetings of stockholders one vote may he cast,
in person or by proxy, for each share of stock by the holder
thereof.

6. The board of directors shall consist of five members,
who shall from their number choose a president, but the
stockholders at any general meeting shall have power to
increase the number of directors.

7. The board of directors may from time to time in-
crease the capital stock until the said maximum is reached,
for that purpose issuing and selling shares of stock at
such price and on such terms as may be fixed by it; and
shall manage and conduct the business of the company
through such officers and agents as it may from time to
time appoint, or as the stockholders in general meeting
may have required to be appointed.

8. The persons hereinbefore named as corporators, or
such of them (not less than a majority of those named)
as shall accept the provisions of this act, shall have power
to meet in the city of Richmond, and, together with such
persons as they may associate with themselves, elect a
board of directors and organize the company; and the
corporators and their associates so meeting and organizing
shall, 7pso facto, become liable for, and shall, as called for
by the board of directors, pay equally and rateably, or in
such other shares and proportions as they may agree upon,
the par value of the said minimum amount of capital
stock which is to be taken and owned by them.

9. Any other corporation may hold shares of stock in
said company hereby incorporated, and said company may
in like manner hold shares of stock in any other company
or corporation in all respects as natural persons.

10. This act shall be in force from and after the date of
its passage: provided, however, that it shall only be law-
ful for said company to qualify as fiduciary or become
surety for fiduciaries in the city of Richmond or in the
counties of Henrico, Hanover, Goochland, Chesterfield.
or Powhatan; and provided, further, that said company
shal] not in any case become surety on an official bond ot
a state or county officer.