Chap. 489.—An ACT to amend and re-enact chapter 530 of the acts of 1889-90
approved March 4, 1890, entitled an act to incorporate the Danville savings
bank, loan and improvement company.

Approved March I, 1894.

1. Be it enacted by the general assembly of Virginia, That sec-
tions one and six of an act approved March fourth, eighteen hun-
dred and ninety, chapter five hundred and thirty, acts of eighteen
hundred and eighty-nine and eighteen hundred and ninety, entitled
an act to incorporate the Danville savings bank, loan and improve-
ment company, be amended and re-enacted so as to read as follows:

§ 1. That P. R. Jones, B. 8S. Crews, W. T. Sutherlin, F. X. Benton,
W. T. Hains, H. W. Cole, Charles H. Conrad, W. J. Dance, J. D.
Spencer, J. G. Penn, J. M. Neal, G. P. Talbott, R. B. Graham, E. F.
Acree, W. S. Copeland, John W. Carter, E. B. Withers and J. E.
Lipscomb, and such other persons as they may associate with them,
and their successors in office, be, and hereby are, constituted and
made a body politic and corporate under the name and style of the
bank of Danville.

§ 6. The said bank of Danville shall have authority to and may
purchase, hold, sell, mortgage, lease, improve and dispose of prop-
erty, both real and personal; may receive money on deposit; may
negotiate loans, buy and sell bullion, coin, bank notes, foreign and
domestic bills of; exchange, stocks, bonds and other evidences of
debt; lend money upon real and personal security, upon such time,
in such amounts and to such persons as it may deem best, and
receive the interest in advance; guarantee the payment of notes,
bonds, bills of exchange and other evidences of debt, and receive
compensation for such guarantee, and may borrow money and create
loans for the purpose of advancing upon buildings and lands, and
improve property, and for such other objects as may promote the
interest of the company, and especially for enabling persons of
small means to purchase and build homesteads for themselves and
families, and may exercise all incidental powers that may be neces-
sary to carry on its business.

2. This act shall be in force from and after the first day of April,
eighteen hundred and ninety-four.