Chap. 31.—An athe to incorporate the Henrico six per cent. building fund
association.

Approved January 5, 1898,

1. Be it enacted by the general assembly of the state of Virginia, That
James H. Dooley, John K. Branch, George J. Rogers, Joseph Bry an
and G. H. A. Bail, and their associates and successors, are hereby incor-
porated under the name of the Henrico six per cent. building fund
association.

2. The officers of the association shall be a president and secretary.
The number of the directors shall not be less than five nor more than
eleven. The stockholders or directors, if authorized by the by-laws, may
elect such additional officers as they may deem advisable.

3. The stock of said corporation shall not be less than one hundred
shares of the par value of one hundred dollars each; but may be as
much as three thousand shares. The said shares may be sold at such
price and on such terms of payment as the directors may authorize, and
the payment thereof may be received in notes, bonds, stocks or money.

4, The corporation shall have power to loan or advance money to its
stockholders or toother persons, to be secured in suehiaanner as may be
agreed upon; to purchase real estate or other property upon which it
may have loaned money; to enforce payment of all dues and obligations
to the association by stich fines and forfeitures as the board of directors
or the by-laws may prescribe. All transfers of stock to the association, or
to any assigns, shall be subject to such regulations and charges as the
board of directors or the by-laws may prescribe. The association may
redeem any number of its shares upon such terms and at such time as
may be prescribed by the by-laws or specially agreed upon with the
holders of its stock, The association may receive deposits and allow
interest thereon. It may loan money on its own stock, or other security,
and receive interest in advance.

). The principal office of the association shall be in the county of
Henrico.

This act shall be in foree from its passage.