Chap. 132.—An ACT to amend and re-enact section 4121 of the Code of Vir-
ginia regarding bank examiners and assistants. {(H B 70]

Approved March 9, 1926.

1. Be it enacted by the general assembly of Virginia, That sec-
tion four thousand one hundred and twenty-one of the Code of Vir-
ginia as heretofore amended by an act approved March twenty-fifth,
nineteen hundred and twenty, be amended and re-enacted so as to
read as follows:

Section 4121. Appointment of examiners and assistants.—The
State corporation commission, for the purpose of carrying out the pro-
visions of this chapter, shall appoint a chief examiner and such ex-
aminers and assistant examiners, clerks and stenographers, as in its
judgment may be necessary for the discharge of the several duties
imposed upon it by this chapter, provided that the persons appointed
as chief or examiners of banks shall be citizens of this State experienced
and skilled in the science of bookkeeping, and shall have had at least
five years of service in some bank, or sufficient service as assistant
examiners, in addition to the actual banking experience to make five
vears, assistant examiners of banks two years of service in some bank,
and the State corporation commission shall fix the salaries of such
chief examiner, examiners, assistant examiners, clerks and stenogra-
phers. Such chief examiner, examiners and assistant examiners, be-
fore entering upon the duties of their office, shall take the necessary
oath before the State corporation commission, as prescribed by the
Constitution of this State, and such chief examiner and his examiners
and assistants engaged in the examination of banks shall give bond in
the penalty of five thousand dollars, with surety in some good solvent
bonding company, to be approved by the State corporation commis-
sion conditioned for the faithful performance of their duties, and the
premiums on the said bonds shall be paid out of the fund created by
the next section.