CHAP. 680.—An ACT to amend and re-enact section 8 of chapter
312, session acts 1885-’86, entitled an act to incorporate the
Lyuchburg perpetual building and loan company, approved
March 1, 1886.

Approved March 8, 1892.

1. Be it enacted by the general assembly of Virginia,
That section eight of chapter three hundred and twelve,
session acts of eighteen hundred and eighty-five and eigh-
teen hundred and eighty-six, entitled an act to incorpo-
rate the Lynchburg perpetual building and loan company,
approved March first, eighteen hundred and eighty-six, be
amended and re-enacted so as to read as follows:

8 8. It shall be the duty of the board of directors at
least ten days prior to the declaring of any dividend to
appoint from the stockholders three competent persons to
investigate the affairs of the corporation and make a re-
port thereof, which report shall be recorded on the book of
minutes of the stockholders’ meetings, and be at all times
open to the inspection of the stockholders, and thereupon
the board of directors shall, within a reasonable time, de-
clare out of the profits theretofore made such dividends as
they may deem advisable, the dividends upon fully paid-
up shares to be paid in cash, and upon shares not fully
paid up to be pro rata, passed to the credit of the holder
thereof,

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