Chap. 380.—An ACT to authorize any building and loan association or company
or any savings and loan association or company or any savings bank or any
other corporation or association eligible to become a member of any Federal
Home Loan Bank to become a member and stockholder of the Federal Home
Loan Bank and to borrow money therefrom. . [S B 333]

Approved March 29, 1934

1. Be it enacted by the General Assembly of Virginia, ‘That any
building and loan association, or savings and loan association, or sav-
ings bank or any other corporation or association that may now or
hereafter be eligible to become a member of any Federal Home Loan
Bank according to the terms of the Federal Home Loan Bank Act as
the same may be amended from time to time is authorized and em-
powered to subscribe for and own and hold stock in such Federal
Home Loan Bank, and become a member thereof, or to borrow money
from any Federal Home Loan Bank pursuant to the said act of Con-
gress, as the same may be amended, and also to invest in the bonds
of any Federal Home Loan Bank and also to give its obligation and
pledge securities and conform to the provisions of the said Federal
Home Loan Bank Act and to the rules and regulations from time to
time fixed and prescribed either by the Federal Home Loan Bank
Board or the Federal Home Loan Bank, and to perform any acts
and execute any instruments authorized or required by the said act
of Congress, as amended, from time to time or by said rules and
regulations.

2. An emergency existing, this act shall be in force from its
passage.