The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-01-06

BOOKS OF subscription shall be orened at pla
| ces, TO be prescribed by la ", to be subscrib
90 Tor IN like manner as subscriptions were
received tor the original stnck IF III,
bank. so thai the whole $500 600 shall be
pa'o on or before the lst of May 1914 & OIL
ne SAID $500 600 there shall be paid IS pet
! cent paYab'e IN twenty semi annual insta,
! ohen's, which 25 per cent shall be reserved
out or the serni-annual dividends on tina,
sock and shall be applied to paw the snoun,
| " 800 GOO the esiiuc of the said
o!'ooo. 600 'or the benefit of the state. On
TINS sew stock of 81 coo. 900 no dividends
Shai be payable until the lst of January
1915:
.3d'y. The bank shall have the privilege
OF establish ng at any time hereafter an Of
nee at Discount and deposit 1T Lynchbnrg,
mon the same terms with those at Norfolk
fetersbrry and Frederick sbury
ftaiy. Noes made negotiable AMI paya
Die at the Bank of Virginia or any If its of
~ shai' he place on the footing of FOR eign
bills of exchange.
5thly. The Bank of Virginia obiiees itself
to advance to the State, whenever required
a snm or sums of m,Hy NJ, exceeding
. foo COo on stock, to be tran sferrap,e in tn
m amer to be prescribed By law issued under
tue authority CT the State, to bear an int =
rest OF seven and half per cent payable
quarter yearly.---The State to he under no
Obligation to redeem the said stock before
the lapse OF Is years, but to have the pri.
"neSe OF redecming It from time to time
w'thin the Is years in whole or in part at us
pleasure on giving three months previou.
notice thereof in some lie wspaner printed in
the City of Richmond.
These are the terms on which the S,ock
holders Of the said hank are willing to ac-
cep the extension of the charter and aug
mem atom nj the capital of their bank &,
10 ehe fnihlnent Of which they have bounI
themselves by their COMMITTEES. (who have
subscribed he memGrsndsm subio,ped tn
this repcrt.) ~
Your Comm ittce forbear to enter into
oetaiied exposition OF tn ad MT yes thar
nay result {" the State from th accel =. &c
" tueSe terms. 1t will be sufficient 10 say
mat, without the advance Of on dollar on
the part OF the State, it will ACQUIRE. nv the
acceptance OF these terms, stock 70 the a
noun, OF 40 600, which, sold upo, estima
Tea advance of 35 Is per cen, will be wcrth
IN money upwards of $3.50, 900, and which
'et9'hed by the State will on the modera.e
com alton OF ten per cent per anpun for
dividends, produce clear revenue of a..
ooo doiS per annun. These ADVANTAGES
[hou q not IN the opinion of your c lmmittee.
Is s r ed ~ rel'nqu shscl espe iaily in
Sac. '''
Therefore Pesofurd. TNati, is ex lent
10 extend the arter of tn Ba~k of Virgil
IVA i"r ire term ~ Is years from the expi
pTauon or the existing charter, and to au-
H,ent tS capital stock IN the manner sneriG
ca IN ne foregoing propositions, on The 'erms
stipnia'Ions and conditions stated in the nro
pos',.oAs from the Committee represeptips
the Stockholders. >N'''-'"s
Mf WoRfWD UNattaeh ID 10 the Rehort.
=, ne propositions specified in the r4qo-
" ing Report have been agreed to by us, or
zoe part OF the Stockholders and shnuld
tney be accepted by the General Assem-
Dry we. on behalf the ockholders, bina
them to tuifiIment of those things on he
" formed and fulhlled.'' Fo'
(Signed)