Chap. 83.—An ACT to amend and re-enact section 2820 ef the Code of
Virginia in relation to the rate of interest allowed to bankers, brokers
and corporations. (S. B. 143.)

Approved February 29, 1916.

1. Be it enacted by the general assembly of Virginia, That
section twenty-eight hundred and twenty of the Code of Vir-
ginia be amended and re-enacted so as to read as follows:

Sec. 2820. Rate allowed to bankers, brokers, and corpora-
tions. Any licensed banker or broker and any corporation
authorized by law to make loans or to purchase or discount
bonds, bills, notes or othez paper, may loan money or discount
bonds, bills, notes or other papzr at a rate not exceeding one-
half of one per cent. for thirty days, and may charge a mini-
mum loan or discount fee of fifty cents on loans or discounts for
thirty days or more, and may receive such interest in advance.