CHAP. 562.—An ACT to incorporate the Dime Savings Bank of
Richmond.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That T. Wiley Davis, Joseph Allard, junior, G. Watt Tay-
lor, John Mann, junior, D. O’Sullivan, T. B. Murphy, E.
H. Fergusson, E. P. Murphy, J. H. Signiago, V. Hechler,
junior, E. Ullman, W. C. Armitage, George F. Burch, John
A. Curtis, Charles M. Bolling, John R. Grimes, F. W. Cun-
ningham, and their associates and assigns, and such others
as may be associated with them under this act, be, and
they are hereby, created and declared to be a body corpo-
rate and politic by the name and style of the Dime savings
bank of Richmond, and by that name may sue and be
sued, plead and be impleaded in all the courts of law and
equity in this state or elsewhere, and have perpetual suc-
cession; to have, make, and use a common seal, and the
same to break, alter, and renew at their pleasure; to make,
publish, and enforce such by-laws, rules, and regulations
as may be proper, and generally to do every act and thing
necessary to carry into effect this act, or to promote the
objects and designs of this corporation: provided, that
such by-laws, rules, regulations, and acts be not incon-
sistent with the laws of this state or of the United States.

2. The said corporation hereby created shall have power
to receive money on deposit and grant certificates there-
for; to buy, sell, draw, or negotiate bills of exchange; to
invest the moneys received on deposit, or belonging to
the said corporation, in, or lend the same on, stocks,
bonds, notes, bills, or any other security, real or per-
sonal, or use the same in purchasing or discounting
bonds, bills, notes or other securities, for the payment
of money, and to receive the interest therefor in ad-
vance; to guarantee the payment of notes, bonds, bills of
exchange, and other evidences of debt; to receive on de-
posit, for safe-keeping, stocks, bonds, notes, and other
evidences of debt, and other personal property, and charge
and receive payment therefor, and generally to carry on
the business of a bank of discount and deposit and savings
bank and safety deposit company, with all the rights,
powers, and privileges conferred on, and subject to all the
duties and liabilities imposed on, such banks by the laws of
this state now in force, except so far as may be herein
otherwise provided; and the said corporation may pur-
chare, hold, sell, and convey, rent, lease, and otherwise
dispose of, any real estate which it may acqtiire under the
provisions of this act.

3. The capital stock of said corporation shall not be less
than ten thousand dollars, nor more than two hundred
thousand dollars, and shall be divided into shares of ten
dollars each, and may be from time to time increased
within the limits aforesaid, at the discretion of the stock-
holders in general meeting assembled.

4. The said corporation shall have power to purchase,
rent, lease, or otherwise acquire within the city of Rich-
mond such real estate and appurtenances as may be deemed
proper for the conduct of its business, and such other real
estate elsewhere as may be bona fide mortgaged to said
corporation by the way of security for or be conveyed to it
in satisfaction of debts previously contracted in the course
of its dealings, or purchased at sales made under decrees
or other proceedings to enforce the payment of such debts.
or as may be deemed necessary to save the said corporation
from the loss of an existing debt.

5. A general meeting of the stockholders in said corpo-
ration shall he held in the city of Richmond, of which
meeting five days’ notice by publication shall be given
within thirty days front the approval of this act; at which
meeting there shall be elected a board of directors, which
shall consist of not less than seven nor more than fifteen
stockholders, who shall manage the affairs of the corpora-
tion. Five of said directors shall constitute a quorum for
any and ail business purposes of said corporation. The
said directors shall serve as such until the annual meeting
in December, eighteen hundred and ninety, or until their
successors shall be elected. Annual meetings of the stock-
holders shall be held on the third Tuesday in December
of each year for the election of directors and for the trane-
action of such other business as may lawfully come
before it.

6. The board of directors shall elect a president from
their number, and shall appoint such subordinate officers
and agents as they may find necessary and proper for the
conduct of the business of the said corporation, and pre-
scribe their compensation, and require of them bond with
security for the faithful performance of their duties; and
all such subordinate officers and agents shall hold their
places during the pleasure of the said board.

7. Every stockholder in the said corporation may at any
time, either in person or by power of attorney, assign and
transfer his stock in said corporation on the books thereof,
or any portion of his shares, not being less than one share.

8. The president and directors shall have power to de-
clare such dividends of the profits of the said corporation as
they may deem proper: provided, that no dividend shall
be declared unless earned. They shall also at each annual
meeting make a report to the stockholders, showing the
condition of the corporation in regard to its business.
The time prescribed for the annual meeting may at any
time be changed by the stockholders. The board of direc-
tors may at any time call a general meeting of stockholders,
and any number of the stockholders owning not less than
one-tenth of the whole number of shares may require the
president or board to call such meeting, and, on his or
their refusal so to do, may themselves call such meeting,
in each case giving at least ten days’ notice by publica-
tion in one or more newspapers published in the city of
Richmond.

9. In all meetings of the stockholders in the said cor-
poration each stockholder shall cast one vote for each
share of stock held by him.

10. The stockholders in said corporation who shall have
paid the full sum of ten dollars upon each share of stock
shall not be liable to any further assessment thereon;
and no stockholder in said corporation shall be personally
liable for any debt, contract, liability, or obligation of the
said corporation.

11. The board of directprs may allow the president and
other officers a reasonable compensation for their services,
to be established and fixed from time to time by said
board.

12. All taxes due by this corporation to the commonwealth
shall be paid in money and not in coupons.

13. This act shall take effect from its passage, and shall
be subject to amendment, modification, or repeal at the
pleasure of the general assembly of Virginia.
CuapP. 563.—An ACT to authorize the board of school trustees of

the county of Princess Anne to collect and appropriate the

lebe and Dickson donation fund for building, repairing, and

fu urnishing the school-houses in the various districts according
to population.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That the board of school trustees of the county of Prin-
cess Anne, Virginia, be, and they are hereby, authorized
and empowered to collect in the fund known as the glebe
and Dickson donation fund, and when so collected, the
amount, to be apportioned among the several school dis-
tricts of the said county according to the school popula-
tion in each district, to be used under the direction of the
board of school trustees of the several school districts in
building and repairing school-houses therein and properly
furnishing the same.

2. This act shall be in force from its passage