Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-04-13

establish au office OF discount aud deposi,e n,
rhkersourg, In the county of Wood with
capital OF one hundred thousand dollars
4. Be II further enacted, That the presi.
"ent and directors OF the Merchants s. Me-
chan'cs' Bank Of Wheeling, shall have au.
'hor,ty To increase the capital stock of the
SAID bank. by the addition of three hundred
'nousano dollars, OF which increased capital
the Commonwealth shall subscribe for and
Mold one moie:y, and the residue thereof the
SAID president and directors shall raise in the
hest manner for the interest of said corpora-
lion, so that one hundred dollars for each |
share shall be secured. The new stock here
10y authorised, shall be divided between the
said bank and its branch, as fellows. Ia wi,
For the bank at Wheeling, two hundred and
twenty thousand dollars, and for the Office of
discount and dcposite at Morgantown, eighty
thousand dollars.
s. BE ii further enacted, Tha, upon the
acceptance of this law by the stock holders ut
the Bank OF Virginia, the Farmers R,nk NJ
Virginia the Bank of the Valley in Virgin,
IA, the North western Bank Of Virginia. and
the Merchants and Mechanics Bank of
wheeling, they shall, respectively. divide
their surplus lund among the several Offices
| hy equal semiannual in iaiments proportion.
ed Ia the l"sses incurred at the principa, bank
| and each Office, so that the entire distribution
shall he completed or before the first Of
June, eighteen hundred and forty but they
shall not be again compelled, to distribute any
future surplus previous TO the expiration of
The charter hereby granted
| y. ne II further enacted, That the capital
of The Bank OF Virginia shall be distributed
IN The following manner, viz: AT Richmond
one million two hundred and fifty Il ousand
dollars; al Norfolk, two hundred and ninety
thousand dollars; at Portsmouth, three hun.
dred and fifty thousand dollars at Peters
burg, iour hundred and fifty thousand dollars.
al fredericksburg, three hundred and fify
u"usanu collars; al Lynchburg, four hun
dred and nifty thousand dollars; al Danyille.
two hundred thousand dollars; al Buchanan
TWO hundred thousand dolls and a, Charles
ION IN hanawha county, three hundred and
! hity thousand dullars. And the cap,,al az
The Farmers Bank Of Virginia, shall be dis
srIbuled in the following manner: AT Rich.
mond, seven hundred thousand dollars. a,
Norfolk, two hundred and ninety thousand
GUITARS; al Petersburg, two hundred and sew.
envy thousand dollars; at Frederick sburq
,hree hundred and nifty thousand dollars: al
Lynchburg, four hundred and fiftv fhous.nd
dollars at w Winchester, three hundred thonsN
and dollars; at DsnviIle. one hundred and
MY thousand dollars at Abingdon or f.
vansham, one hundred and fifty thousand
dollars; al Farmville, Two hundred Thousand
dollars, and, al Scottsville or Chariottesy;Ii..
one hundred and fifty thousand dollars All
The Cal tai OF the Bank of the Valley in Yir.
GINA, snail he distributed in The ioIlowipq
manner: AT Winchester, four hundred and
MY Thousand dollars; at Leesburg, two hun
"ieu a"u zen thousand dollars; at Charles
town, two hundred and ten thousand dolJats
al Romney, two hundred and twenty Gve
thousand dollars; al Staunton. two h,,ndrsJ
thousand dollars; a; Warrenton, one huns
dred and thirty five thousand dollars AID
Inc capital OF the North western Bank nj
virginia, shall be distributed in the follow
ing manner: At Wheeling, five hundred
and forty thousand dollars; at WelIsburg
one hundred and sixty thousand dollars and |
al farkersburg. one hundred thousand dol.
lars. And the capital Of the Merchants' and
Mechanics Bank of Wheeling. shall be dis
irIbuted in the following manner. viz. A.
w heeIing, six hundred and seventy Thousand
dollars; "a: Morgantown, one hundred and
thirty thousand dollars. And the same dis.
triaution shall not be disturbed by the storL-
holders nor officers of either of the ahove
named banks without the assent or apprska-
'ion OF The General Assembly; and the d.
rec'"rs at each branch shall appoint the cash
Ter and other officers thereof
~. be At further enacted, That the sevo.
raj subscriptions by this act authorised IN he
made on behalf OF the Commonwealth sbaiI
he made by the Treasurer, and he is berehv
authorised 10 draw from time TO time ron
me treasury The amount payable under such
subscriptions; and to pay the same in salts
lac'ion OF such subscriptions; and 20 this end
the Auditor OF Public Accounts shall from
lime 10 time, as the Treasurer may call on
MIN, issue his warrant in favor of The Trea-
surer tor The sum sums required for the
payment Of such subscriptions
III, he al further enorf.J IT., H.,
AFORESAID. whose capital stock is hereby au.
'horIsed TO be increased, shall have authority
I'D sell SUCH increased number Of shares. moi
subscribed for by the State, in the number
OF shares, not subscribed for by the State, in
me manner their president and directors
ehai' SeVeIaiiy, deem most conducive to the
interest OF The present stockholders thereof
ana their assigns, and TO the public conye,
neDce.
II. Be ii further enacted, That the new
STOCK which is hereby created in the existing
oahKs OF The Commonwealth, shall be liable
10 pay TO the Commonwealth the Same a.
mount oil bonus on each semiannuai dividend
which IS required 10 be paid by The said act
establishing general regulations for the in
corporation OF banks, and from and after the
expiration OF The charters of The last mem
TONED banks, agreeably 10 the provisions of
The present laws, the whole stock of the said
banks shall be subject TO pay to the Cons
mon wealth, semi annually the same amount
10. BE AZ further enacted That if the
banks aforesaid, The capital stock of which is
hereby authorised to be increased. shall &C
.epl The provisions of this act, increasing
heir capital stock, the charters of ga id banks