Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-04-03

II. lind BE- Il farther enacted, That two Of tho
directors Of the branch bank at Claksvile, may DO
citizens Of North Carolina, If or erwiac qualified
according 10 law; and not more than two Of the d.
rcctors OF the branch bank Portsmouth, shall be rs-
sldcnts OF any other city, town or borough
~ Ind BE- Il ta'fttr endeied, That the siliscrip.
"hs heron before directed 10 be made Oh behalf of
the State Ia the stock of the Bunk of the Valley il,
Virginia. the North Western Bank of Virginia and
the Merchants and Mechanies' Bank of Wheeliny
ana ct the Exchange Bank OF rgnia shall be paid
out of 80 much OF the surplus revenue which This
commonwealth IS To receive ON dcposite from the
United States IN July aud October next tooetler .t
50 uch OF the portion thereof previously received an
may be necessary for the purpose--an and the sbsrrn
unu directed 10 be made to the stock of the Banlk of
VIRGINIA and The Farmers Bank nfyirpnia or tl,a
portion previously received and the residue thereof
remaining nnapprnpriated, shall be loaned ia tho
lfe"lent, Directors and Company Of the B,nl Of
Nugihia aud al thc Flrmerq' Bank Of V,,sini, i;
proportion 10 the capital OF each as xcd by this act If
they shall accept the same; bc held by t,le sand
n''N' III I'VE per cent per annum interest until tho
ISL dAN ol March nest and then to b. paid 10 tho
commonwealth, II required. by nisialmells not ex-
fe'dme the vim ol fifty thousand dollars from, each
ph' Every month, uutil the same sln be- fully p,id
unless demand from the Government Of the Uni
ir' states shall render earlier payments necessary
kc7rNmg, however tn rieht the LEGISLATURE "a
convert the same INTO additional stock at nar IN said
haiNS 10 tale effect ~ any time after tia, n,,Iod
ff"'dca, That the ank o irginia and the Far
mc,s Bank oil ireiua shall not be reanifea IN nav
one '"o'1'N oi So much oi The Surplus Revenue
aforesaid. Which may have been previously 1eno4fad
WIN Uien' "a shall be necessary to make M the
Al' subscription to the capital stock of the Bank
oi l"' alley IN Virginia the North western Bank
81 N"@in@ II Wheeling, the Merchants and Mo-
eM'mrs Bunk OF Wheeling, and of the Fx
change 3ank oil uguil before the first d,, nj In
~ and the other moIoly before the first day Of Oeto
bn,
~. Ind b n larii,r ,4aet,a, That if the sto,h-
holdora OF elfhct the North western Bank of mini,
81 the Merchants and Mechanics Bank of Wheel
my S'l'll mol III tl'ce mouths from the passage OF
ms act consent IN general meeting to accent fin,
net as lhci' charter aud agree To conform and he ,n
Nrt'd by lis provisions, aud those of the act beior.
ltl'rtd 10, passed dun2 the present session. and no
NY me Executive thereof, ten the Whole increase
o. the capital stock ofll bank 80 refusing q, t,ing
ahlll be aud the same Is hereby authorized to bo
made To the capital stock of the bank of which tbo
stockholders shall consent aud agree and IN that g.
vent The bank whose capltaI Is lhus increased shall
be ana The same IS hereby required to establish such
"'''tn "i branches as me iefeln required 10 be es
l"~hrd hS The other, and any increase herein proyi-
dtd loI Ia my branch OF the bank refusing Ia accent
sh'lI be supplied by the bmk 80 accepting
70 and De Iaribet enacted That if the
BANK OF Virginia and the Farmers Bank of
ugma, shall each lal or refuse to accent the nro
VISIONS ol this act aud the act herein referred To- and
passed during the present session of the General As
s'mhN' NJ HE times aud III The manner urcsc rbed
II ~hdll be lawful, IN thar event. 10 establish b,nk
~ the town al lynchhuIg with capital of one mil
lion thiee hundred and twenty five thousand dola,.
a2irr"bly To the provisions ol the act entitled an
act "riahslnng general regulations fortbe incorno-
hnl"hS OF Banks, passed At tie present session Of
the Grurlil Assembly, moiety of which ean,taI
tho commonwealth shall subscribe for and nav ont
Of that pan nj the surplus revenue herein befa,o ~;
teclcd to be paid 10 the sand Bank Of Virginia and
th" Farmers Bank of Virginia in satisfaction of M.
t"mlnon"ealihs moicty OF subscription To the IN
creased capitol stock ofh.sc banks and VI bicb tbcv
shdI have refused to accept IA aforesaid And Ia.
subscribers and stockholders in the event of sncb
laiurr aud refusal, At the end of three months from
The passage 81 tins act shall be and are hereby IN
rolpnraied and chartered hs the name and svie nj
the Merchants aud Planters Bank of I.ync6lnrg
And thai John Early, John G. Mecm, John N.
Warwick, Smltl1son II DAVIS. ALBION Me Daniel A.
lcN1udcr Llgeat, John Victor, John Il. d. payne.
NJ. II. Garlana, y. X. Edey Maurice Lapebone
Samuel cGolllc, Samuel Miller, James Saunders.
aud lanes W. Morgan OF an, three or more of
them, are hereby appointed commissioners to open
books OF subscription tor the stock Of the said bank
N conformity with the directions d. the last reeitcd
act.
u Ind beR IuHh,r tgaefed, That the sockbol
der OF the Merchants and Planters Bank of Lynch
hhi'' d" ielt Inst general meeting soon there
1ttr as practicable, SHAH establish an Office of dis
count and depeslle at Charleston in the county of
Mana" la, wilha capital ri two hundred Thousand
dollars IA the town Of Danee. with capital of one
hundred thousand dollars; Al Farmyillc in the coun
= Of Punce Edward, with capital of two hundred
thousand dollar; at hari a,trsve or Scosylle rs
The Stockholders may elect, with capital of one
hundred and fifty thousand dollars at Abingdon in
the county Of Washington, or nj Evansham in tn.
county ol Wytbc, as the stockholders may elect.
with capital OF on" hundred and fifty thousand dol
lars aud n the town Of Fredericksburg with a CANT
tal OF one hundred and sixty two thousand five hun
dred dollars.
- Aaf hi jafHcr caactei That the Charter oftbe
Merchants and Planter, l}ok of Lynchburg, if es-
lab>hcd, shall continue and be in force until the first
day Of 1aly, eighteen hundred and fifty two--and no
longer
thereof