Chap. 201.—An ACT to incorporate the century banking and safe deposit
company.

In effect January 30, 1900.

1. Be it enacted by the general assembly of Virginia, That J. B. Fish-
burne, L. H. Cocke, G. HE. P. Cole, E. L. Stone, H. D. Lafferty, and W. C.
Stephenson, and such other persons as may hereafter be associated with
them, their snecessors and assigns, be, and they are hereby, constituted
a body corporate, by the name of the century banking and safe
deposit company, and by that name shall have perpetual succession and
a common seal, which may be altered or amended at the pleasure of the
company, and may sue and be sued, contract and be contracted with,
purchase, hold, and grant estates, real and personal, and generally shall
have, enjoy, and exercise all the rights, privileges, and powers, and shall
be subject to all the restrictions conferred or imposed by the laws of the
state upon corporations of like character.

The capital stock of said company shall not be less than fifty thou-
sand dollars nor more than one hundred thousand dollars, to be divided
into shares of the par value of one hundred dollars each; and when not
less than the minimum amount of stock has been subscribed, the stock-
holders so subscribing may elect a president, a vice-president, a secretary
and treasurer (which offices may be held by the same individual), and
three directors, in addition to the president and vice-president (who
shall, ex officio, be directors of the company), which officers shall serve
until the ensuing annual meeting of the company, and until their succes-
sors shall have been elected and have qualified. The board of directors
shall have power to appoint and employ such other officers, clerks, and
agents as the business of said company may require, and the stockholders
shall have power to enact and adopt such rules, regulations, and by-laws
for the management of the company as they may deem best, and which
are not inconsistent with the provisions of this charter, nor with the
general laws of this state.

3. The said company shall have power to receive and hold deposits,
and, in trust and as security, estate, real and personal and mixed, includ-
ing notes, bonds, obligations of states, companies, corporations, and indi-
viduals, and the same to purchase, collect, adjust, settle, guarantee, sell,
and dispose of, and upon such terms as may be agreed upon between it
and the parties contracting with it.

4. The said company is hereby authorized and empowered to accept
and execute all such trusts and perform such duties of every description
not inconsistent with the laws of this state, as may be committed to it
by any person or corporation, or by any court of record, to take and
accept by grant, assignment, transfer, devise, or bequest, and to hold any
real or personal estate or trust created in accordance with the laws of
this state, or any other state, or of the United States, and to execute
such legal trusts in regard to the same, or upon such terms as may be
declared, established or agreed upon in regard thereto; to act as agent
for the purpose of transferring, issuing, registering, countersigning, or
guaranteeing the certificates of stocks, bonds, or other evidences of debt
of any corporation, association or municipality, and to receive and man-
age any sinking fund thereof on such terms as may be agreed upon; to
hecome surety in any case wherein surety may be required for the faith.
ful performance of any trust or office.

5. The said company is further authorized to issue, sell, and negotiate,
from time to time, its own bonds, notes or other evidences of debt in
such form and for such amount, and payable at such times and places,
with or without interest, as the board of directors may deem best, and
prior or subsequent to the issuing, sale, or negotiation of the same to
secure the pavment therefor, if it so desires, by a pledge or conveyance
of any of its choses in action or other personal property, or the real estate
of said company, as by the board of directors may be deemed advisable.
To guarantee owners of real estate, mortgages, or others interested in
real estate, against loss by reason of defect in titles, liens and encum-
brances, and to guarantee the fidelity of persons holding, or to hold,
places of trust or responsibility, to act as agents for insurance companies
engaged in the various forms of that business. To receive upon deposit,
and for safe-keeping, jewelry, plate, stocks, bonds, papers, and other per-
sonal property of every description upon such terms as may be agreed
upon between the contracting parties; to buy, sell for profit or on com-
mission, or for other compensation on its own account or for others,
foreign and domestic exchange, shares in chartered companies, or other
evidences of debt or credit, either privately or at public auction, and to
loan or negotiate loans on real estate securities and to guarantee the
payment of the principal or interest thereof, or both, and to receive such
compensation therefor as may be agreed upon.

6. That said company shall have the power and authority to subscribe
to the capital stock of other stock companies and to hold and vote the
sime; to discount or guarantce the payment of promissory notes, bills
of exchange, or other evidences of debt, and to conduct or carry on a
general savings bank business; to establish branch offices within the
state of Virginia, and to conduct the business herein authorized from
such branch offices.

7. That the said company is authorized to make, execute, issue, and
deliver in the conduct of its business, all papers, powers of attorney, re-
ecipts, certificates, vouchers, bonds, notes, and other contracts and writ-
ings by, and through any officer or agent of the company having author-
ity to act, either under the regulations adopted by the board of directors,
or otherwise.

8. That the chief office of said company shall be located in the city
of Roanoke.

9. That the company shall pay all of its taxes and assessments due,
or to become due, in lawful money of the United States, and not in
coupons.

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