An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1920 |
---|---|
Law Number | 488 |
Subjects |
Law Body
Chap. 488.—An ACT to amend and re-enact section 2158 of the Code of Vir-
ginia. [H B 171]
Approved March 25, 1920.
1. Be it enacted by the general assembly of Virginia, That section
twenty-one hundred and fifty-eight of the Code of Virginia be amended
and re-enacted so as to read as follows:
Sec. 2158. Security to be given by banks.—No money shall be
deposited in either of the said banks until it shall have secured some
person other than the bank itself in its behalf to enter into a bond,
approved and accepted by the finance board, for a sum in the penalty
of at léast fifty thousand dollars, which sum, however, shall at all
times be twenty-five per centum in excess of the amount of money of
the Commonwealth that is on deposit in any such designated State
depository, with condition faithfully to account for and pay over,
when and as required, whatever amount may, at the time such bond
is given, be on deposit in said bank to the credit of the Commonwealth,
and such other sums as may thereafter be deposited in said bank on
behalf of the Commonwealth, and with further condition to pay the
State interest at the rate of not less than two and one-half per centum
per annum on daily balances, and for the faithful discharge by said
bank of all the duties and obligations pertaining to it as such deposi-
tory ; but every such bank shall give as surety on its bond, some guar-
anty or security company doing business in this State.