Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-11-26

fixing their SALARIES. as Of either of tie prev
sent Banks Of Virginia exercises and also
the same power to provide and hold proper
houses and vauI.s, and Ia all re ,pctt; BE- "a
quaiiy capable of sonduct;nr the E&eer.ive
duties Of the institution.
lOth. The nres;dent s.n5 atrec,or. 50 40
be elected. shalt have, power. TO vrant dis
count and accommodation 10 ;ndiv;duals UPON
their capital of monet or RauA Notes fsuch
as they shall approve from CINE. 70 ti,aej in
the same proportion as discouut ana ACCOM-.
mediation may now be Granted b. the other
Banks of Yirxin}a.
11th. The Dresden. ss,<3 ia;rrctors. shaIf
have powsf q reiates 70 their capital paid
in. 90 estsSlfsk Trsnch Hants 9th 4 nresis
dent, dlfcttors and cashier 70 Sc aopoiuted
By tbe5is--which nres;aent and diret tors
shy s& s1ush. ,ritv Ia purchse.. e. fehs
,prcpi.f houses for csn,sluctioy tina businesz
Of the Bank: aud<o appoint their subordl-
nate officers and poretsr n other respects
tie saaae .authSssty skis vested in the other
Branch Banks Of Virrinia.
18th. The Chief or Mother nank shall b.
at Richmond Its president shail reside
withintwo miles, and its directors within
ave miles Of the Bank;nr No,,.e- IN vh;rh,
house the cashier shall resiae. I
18th. Exclrsve of the Notes issued bv
ordinary operations of the Bank. the presi4
dent and directors shall issue Notes no.
deemable within two yeaps of the expiration
OF their Charter bv the s,avtuent of ooh e
silver: Such notes ITO IL ;ssnrd for the
use Of the State and fseba.,t ! Ss,v.rrment1
shall not exceed in apeo.,nt 6stv mii,ions az
dollars for the redemption Of which the
real estate ,;i,. re- II al, te l.ded a.
before provided. which no,es sfiall s. re-
ceivable as herein before survested.
18th. The said Ranh shsil h. n.rm;ttad
| to issue Nores OF any amount thev NAV
dee m to be pfoper. either to iadiyidua,s Or
| to the government: but tbey shall issue one
hundred thousand dollars ANNUALLY. of notes
not smaller than socents. nor greater than
2 dollars. 'y,' q : -
lend annuallv to' the Goverp ment rs th;s
state ten millions of dollars. untii their
whole loan shall extend to flfty millions. at
six per centum per annum !: and ALI tias,
Notes they may So issue. SHAH he pavabIain
specie, 90 years after the conclusion of the
war--and then the holders of the CapitaI
Stock shall be liable in their respectiye pro.
positions for the payment of the same. 10 be
paid out OF their real states pledged az 4.
foresaid.
10th. 1.-THE State of Virginia shall not re.
quirc the whole loan of ten millions Of tlol-
lars annually, the president aad directors may
and shall. or, the reno;stion Of the RxecIi.
live Of the United States, lend anaaiiy 60
Ike Genera! Covernrasas. a, us six .,er cent
Stock, any residue Of that sum not loaned as
aforesaid to the State.
18th. All the present and future debt of
the Union to this state, shall be pledged for
the redemption of any debts which the state
shall owe to the Real Estate Bank of YirN
ginia
18th. In addition to the security furnished
by the lands to be pledged as aforesaid. for
the redemption of the Notes to be issued by
this BANK. shall also be pledged for the
same purpose, the obligation of the State and
General Government, TO refund the sums
which may be loaned TO them respectively
as aforesaid.
On motion ofMr. Thweatt.
Ordered, that $50 copies of the said rae
solutions be print d for the use of the meme
bers of the General Assembly.
On motion of Mr. EstilI,
Ordered, that leave be given to bring
in bill to amend an act entitled
an act to amend the several acts concerning
the Superior Courts of Law, and for other
purposes, passed February 9TH, 1914 ~ and
that Mr. Is! Il, Magill. Banks, Tyler. Mar
shat, Wilson OF Northampton, Boyer, Heath
OF FRINGE William. Thompson and Cal,
borne OF King William, doprepare q bring
IN the sane,
On motion OF Mr. Poindextcr of Nors
folk,
Ordered, that leave be given to bring IN
bill " to amend the act entitled, an act to
Plesen. tue nSs.rnctton OF sneeP an tnfs cop>
in ssT' ahl. ina, Messrs' ronoexteE
.. MD.loA' t,"1"o, Hutnes'cru, turner,