Chap. 221.—An ACT to amend and re-enact section 4122 of the Code of Vir-
ginia, as heretofore amended by an act approved March 25, 1920, regarding
fees for examination of banks. [H B71)

Approved March 19, 1926.

1. Beit enacted by the general assembly of Virginia, That section
four thousand one hundred and twenty-two of the Code of Virginia,
as heretofore amended by an act approved March twenty-fifth, nine-
teen hundred and twenty, be amended and re-enacted so as to read
as follows: |

Section 4122. Fees for examination; when excess of fees to be
refunded.—Every such bank shall pay for its semi-annual examination
provided for by section forty-one hundred and twenty, fees as follows:

For the examination of banks for a period of one year, a minimum
fee of fifty dollars per bank, which shall cover the first fifty thousand
dollars of assets or less, to which shall be added, in the case of each
bank, according to its total assets, as shown by the statement of
financial condition made to the State corporation commission next
preceding June the first as follows: For the amount by which its total
assets exceed fifty thousand dollars and do not exceed five hundred
thousand dollars, two dollars per ten thousand or fraction thereof;
for the amount by which its total assets exceed five hundred thousand
dollars and do not exceed two and a half million dollars, one dollar per
ten thousand or fraction thereof; for the amount by which its total
assets exceed two and a half million dollars and do not exceed five
million dollars, one dollar per twenty thousand dollars or fraction
thereof; for the amount by which its total assets exceed five million
dollars, and do not exceed ten million dollars, one dollar per forty
thousand or fraction thereof; for all assets over ten million dollars,
one dollar per one hundred thousand dollars or fraction thereof.
Provided, however, that in the case of banks, the total assets of which
do not exceed one hundred thousand dollars of total resources, the
fee shall not exceed forty dollars.

And every bank having a branch or branches shall be assessed
fifty dollars per branch, in addition to the foregoing fees which
amounts shall be assessed against each such bank by the State cor-
poration commission on the first day of July of each and every year,
and shall be paid into the State treasury to the credit of “banking
fund-State corporation commission,’’ on or before the thirty-first day
of July following, to be used in carrying out the provisions of this
chapter. All fees so assessed shall be a lien on the assets of the bank,
and if not paid within thirty days from the date of said notice may be
recovered in any court of the county or city in which such bank or
institution 1s located having original jurisdiction of civil cases, on
motion of and in the name of the State corporation commission.
The State corporation commission shall mail the assessment to each
bank on or before July first of each year and certify a copy to the
auditor of public accounts, and it shall be the duty of the auditor of
public accounts to furnish the State corporation commission promptly
with a list of the banks which fail to pay the assessment on or before
July thirty-first.

For national banks which are now and may hereafter be designated
as State depositories one-half of the foregoing scale of fees which
amount shall be assessed against each such national bank by the State
corporation commission on the first day of July of each and every
year, and shall be paid into the State treasury to the credit of “banking
fund-State corporation commission,” on or before the thirty-first day
of July following to be used in carrying out the provisions of this
chapter. The same provision in this section which makes the assess-
ment a lien against the assets of every such bank, shall apply to such
of the national banks as are qualified State depositories on the first
day of July of each and every year. The State corporation commission
shall mail the assessment to each of the national banks above referred
to on or before the first of July of each year, and certify a copy to the
auditor of public accounts, and it shall be his duty to furnish the State
corporation commission promptly with a list of such of the national
banks which fail to pay assessment on or before July thirty-first. All
payments from the fund herein provided shall be upon the order of the
State corporation commission, attested by its clerk.