Chap. 335.—An ACT to amend and re-enact an act to amend and re-enact
section 5553 of the Code of Virginia, approved March 20, 1924. [H B 174]

Approved March 24, 1930

1. Be it enacted by the general assembly of Virginia, That section
fifty-five hundred and fifty-three of the Code of Virginia, be amended
and re-enacted so as to read as follows: _

Section 5553. Rate allowed to bankers, brokers, corporations, and
agricultural credit corporations or associations.—Any licensed banker
or broker, and any corporation authorized by law to make loans or
to purchase or discount bonds, bills, notes or other paper, may loan
money or discount bonds, bills, notes or other paper at a rate not ex-
ceeding one-half of one per centum for thirty days, and may charge a
minimum loan or discount fee of one dollar on loans or discounts, and
may receive such interest in advance; provided, however, that agricul-
tural credit corporations or associations organized under the laws of
this State may charge interest or discount on loans made for agricul-
tural purposes at a rate not exceeding one and one-half per centum
per annum in excess of the rate charged such agricultural credit cor-
porations or associations by Federal intermediate credit banks, at the
time such loans are made and may charge a minimum loan or discount
fee of one dollar on loans or discounts for thirty days or more, and may
receive such interest or discount in advance.