The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-02-26

redediDIny ttr0m time to time in whole in part
at It's pleasure ca it's giving three moaths previous
notcs thereof in ne printed in the city
OF Richmond ;-And whereas this General Assembly
are of opinion that the acceptance of the foregoing
proPos'tiols will be. sdvangeous Is The Common
wealte
BE it therefore enactedby the General .4ssl nt6y,
That the said propositions the part of the stock
holders, be accepted by the Commonwealth, & the
compact which the before recited terms and condi-
tons import, be and the same is hereby ratified aud
confirmed and TO give the same complete effect
the part OF the Commonwealth:
BE it further enacted, That the charter OF the
said Bank OF Virgins shall be, and the same is here
by extended from the period of its continuance fix
ed by the original charter, for the term of fifteen
years thence n. xt following, during which period all
the rights, privileges and immunties shall be pos
sessed aud enjoye, by the corporation of the Bank
OF Virginia and its respective members, as if the
piraton OF the said charter had, by the proyis
to which is by this clause extended except so FIR
as the said rights, privileges and iIL muntes may
be restrained, limited, modified Ly the terms and
conditions Of the said Directed compact.
lind be it further enacted, That any time hereaf-
ter during the continuance of their said charter,
the stockholders of the said Bank may any gene
raj meeting, direct the establishment of Office Of
discount and deposit at the Town of Ly nchburg,
and at one other place thy may select on the east
side of the Allegheny mountain, to be organized in
all respects on principles similar to those which APP
pertain to the Offices OF discount and deposit already
established. And all Notes or Bills negotiable or
negotiated, at the said Bank or any of its Offices
shall be, and the same is hereby placed on the
footing rs foreign Bills OF Exchange, that the like
remedy may be had for the recovery thereof against
the maker or makers, drawer or drawers, aeceptor
or acceptors and endorser eodorsers, joiatly or
sevsrally, or otherwise, and with IKE effect as to
the principal debt, interest asd costs charges OF
protest, and every thing else by law is given on
foreign Bills OF Exchange, except so far relates to
damages which shall not be recoverabIe-apy law
custom or usage TO the contrary notwithstanding.
lind be ii further enacted, That the capital stock
OF the said Bank shall be augmented by the addition
of one million Of dollars to be divided into ten thou
sand shares of one hundred dollars each, eight thou
sand of which shall be disposed Of in the manner
specified in the fourth article of the before reced
compact, and the remaining two thousand shares
shall be for the sole benefit of the commonwealth,
to be paid for in the manner therein srecified And
to make the privilege reserved to the common
wealth by the said fourth article available to the
commonwealth -
.4nd be itfvther enacted, That the treasurer and
the auditor OF public be, and they are here
by constituted agents for the Commonwealth, with
fun power io dispose ct aud SELL in the manner that
TO them shall seem NEST beneficial to the Common.
wealth, the sad eight thousand shares Of the new
stock proposed to be Immediately added To The CO.
p'tal of the Bank of Virginia and the said agents
sre hereby authorised and required 10 advertise
forthwith, after the passage of this act in neusp.
pers printed in the city OF Richmond and sus others
as the time limited for disposition or sale of The said
stock win allow, that the sale or othe. ispo,on of
the SAID stock will commence under their drec tion
In the city OF Richmond, at such place and on such
day or days, previous to the thirty-first day Of
March, 1914, to them may seem most expediept.
And the said agents are hereby required to conduct
the sale or other disposition, prevent as far as
Praetieable the monopoly of the whole or any large
portion of the said stock, by any individual. com
pany, association or corporation Ifby the terms of
sale or disposition of the said Stock credit shall he
given TOR the purchase of the whole or any part If
s ssssss sad OF otherwise disposed of which Gre.
dit the said agents in their discretion are authorised
to give provided snch credit shall not extend Be-
yond the thirteenth day Of April, eighteen hundred
and fourteen, and it the be default in the PAYMENT
by any purchaser of the said stock OF the whole or
any part Of the purchase ON the day on which Paw
ment in whole or in part should BY the terms Of
sale, or other disposition Of the stock be nade
the right OF the purehser purchasers therein.
end all rsynents made before sneb defaults shall be
utterly forfeited, and it shall law fd for the pre-
sideBt and directors OF tie said Bank q; fichmond
TO expose the stock thus forfeited to in,med ate SAFE
tor reaGy money, and from the proceeds of sale 10
pay into the BsnE the monies due on snch stock
and the resdne, after sli expenses to pay over a.
original proprietor whose right may have been, BY
the foregoing clause forfeited: and If The forfeited
stock, on snch sale, should produce the amount
due thereon, then IL shall be lawful for the pres-
dent, directors and company of the said Bank. to
recover deficit, by motion in ary court of record