CHAP. 222.—_An ACT relating to building and loan association:
not incorporated in the state.

Approved March 5, 1890.

1. Be it enacted by the general assembly of Virginia.
That no building and loan association or company which
is not incorporated under the laws of this state shall solicit
or take subscriptions to its stock, loan out money, pur.
chase or sell property, or carry on any of the transactions
pertaining to the business of such associations and com-
panies within this state, until it shall have complied with
the requirements of this act. .

2. That any building and loan association not chartered
by the laws of this state shall file with the secretary of
the commonwealth a certified copy of the charter under
which they work; also satisfactory evidence that they
have complied with the laws of the state under which they
are chartered.

3. That a certificate from the state officer designated by
the laws of the state in which said corporation was given
a charter, that they have complied with the laws of said
state as to the amount of securities required to be deposited
for the benefit of all the members of said association,
the same shall be accepted as sufficient guaranty for the
members of the association in this state.

4, That every such association or company shall forward
to the treasurer of this state all reports made by said as-
sociation relating to their assets and liabilities, properly
sworn to before some competent officer authorized to admin-
ister oaths in said commonwealth, territory or country:
provided, that any association failing to make at least an
annual report as required in this section shall be required
to deposit within sixty days from the date named by the
treasurer an amount of securities sufficient to secure all
business which they have done in this state, the same to
be not less than ten thousand dollars or more than fifty
thousand dollars. Said securities shall be bonds or notes,
secured by deeds of trust on real estate, worth at least
twenty-five per centum more than the money advanced
thereon to members, exclusive of premiums taken by such
companies in the regular course of business in this or any
other state, the value of such real estate in all cases to be
determined by the officers of the local boards of said as-
sociation; but such mortgages or deeds of trust to be taken
only as first liens, ana held in trust as aforesaid until all
shares of such association held by citizens of this state
shall have been fully matured and paid off by such associa-
tion, and its contracts and obligations to persons and mem-
bers residing in this state shall have been fully performed
and discharged. As fast as such securities held by the
ate treasurer as aforesaid shall mature according to the
rreement with members of said association, said associa-
on shall have the right to withdraw them from said de-
sit: provided, that at the time of such withdrawal they
sposit other like securities of equal value in their place.
5. The agent, officer or employee of any such building
r loan association or company doing business in this state
ithout complying with the provisions of this act shall be
eemed guilty of a misdemeanor, and upon conviction
hall be fined in a sum not exceeding five hundred dollars
n the discretion of the court.

6. This act shal] take effect July first, eighteen hundred
nd ninety.

‘HAP. 223.—An ACT providing for the removal of pending pro-
ceedings to try genuineness of coupons under section 408 of the
code of Virginia from the county and corporation and hustings
court to the circuit courts. |

Approved March 5, 1890.

1. Be it enacted by the general assembly of Virginia,
That all proceedings to try genuineness of coupons, under
section four hundred and eight of the code of Virginia,
pending in any county, or corporation, or hustings court,
on the day when this act shall take effect, shall be removed
from said courts to the circuit court of the county or cor-
poration or city, as the case may be, or if such proceedings
be pending in the corporation court of a city for which
there is no circuit court, such proceedings shall be removed
tothe circuit court of the county in which such city is
located. The clerk of the county, or corporation, or hust-
Inge court, as the case may be, shall deliver to the clerk of
the circuit court into which the proceedings are to be
removed the original papers in all such proceedings; and
when either party to the proceedings requires it, he shall
also deliver to said clerk copies of all rules and orders
made in such proceedings, and not found in,the original
papers, and a statement of the costs incurred by each
party therein; and the clerk of the county, or corporation,
or hustings court, as the case may be, shall enter on the
record-book of his court the disposition made of such pro-
ceedings. Theclerk of the circuit court shall receive and
file in his office the papers in the proceedings so removed,
and the said proceedings shall stand in all respects as they
stood in the court from which they were removed, and the
subsequent proceedings shall be the same as if the pro-
ceedings had been originally instituted in the circuit court.
The costs of such removal shall be borne equally by both
parties to the proceedings.

2. This act shall be in force from its passage.
CHAP. 224—An ACT to amend and re-enact section 3838 of the
code of Virginia, in relation to fees of officers in gaming and
certain other cases.

Approved March 5, 1890.

1. Be it enacted by the general assembly of Virginia,
That section three thousand eight hundred and thirty-
eight of the code of Virginia be amended and re-enacted
so as to read as follows:

$3838. In every case of conviction for an offense under
any preceding section of this chapter, or under chapter
twenty-five of the code of Virginia, an attorney’s fee of five
dollars shall be taxed in the costs and paid by the defend-
ant; and no attorney or officer shall be entitled to the
payment of any fees out of the treasury for services ren-
dered in a prosecution for such offense.

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