Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-04-13
Special Bank Law.
AN ACT,
Increasing the Banking Capital Of the Com
anOnnsalth

That it shalt be lawful to establish n banL -
the Borough OF Norfolk with a capi,al of o,e
million eight hundred thousand dollars n.
grecably 10 the provisions Of the act. entitled
IAN act establishing general regulations for
the incorporation oil banks, passed at the
present session OF the General Assembly
anu 'he subscribers and stockholders therein
arc he'eey incorporated and chartered by the
name name ana style OF the Exchange Bank of
Virginia, agreeably to tho true inten, snd
meaning of the said act; and shall con,;r ,,a
until the frs, day OF October in the wear nj
our Lord eighteen hundred and fi(ly.twn.
and that John Tabb, Wrigh, Souibpate
w iiilam w. Sharp, Walter Heron. Myer
myers, Thomas +. Andrews, p. p. Mayo.
James II. Johnston, William G. Camu
Henry Is. Reardon and Richard Dickson or
any lhree or more of them, are hereby an
pointed commissioners TO open books of sub
scr'plion for the stock of the said bank in
Conformity with the directions of the before
feCited act. And the Common w eal,h shall
subscribe for and hold one moie,y OF the said
Capital stock.
= BE 1T further enacted That the stock
hoiders OF the Exchange Bank of Virginia
al the first general meeting aforesaid. or ,s
soon thereafter as practicable, shall establish
an ONCE OF discount and deposite at Rich
mond, with capital Of five hundred thou
SAND dollars; in the town of PETERSBURG
WIN capital of five hundred thousand dol
lars; and at ClarksviIle, will, capital of
two hundred thousand dollars.
g. ne al further enacted, That the Presi.
dent and Directors OF the Bank of Virginia
Shall have authority 10 increase the canital
STOCK oil the said bank, by the addition of six
nuhdred and nifty thousand dollars, of which
increased capital the Commonwealth shall
guDSCrlDe hrt,l
residue thereof The said president and direc.
tors shall raise, in the best manner. for the
interest OF the said corporation, So ikat one
hundred dollars for each share shall be secur
ea' l. ne now stock hereby authorized and
.he ADDITION from the surplus profits of the
oank hereinafter mentioned, shall be divided
as follows: For the Office of discoun, and dc. .
posi'e at Lynchhurg, one hundred and iihy
thousand dollars; fo- the office of dlscoun,
ana deposlte at Charleston, two hundred
thousand dollars: for the u ice Of discount
ana dePosite at Fredericksburg, fifty thous,
aud dollars; for the Office of discount and
deposi.e II, Danville, fifty thousand dollars
An Office OF discount, and deposite shall
within twelve months after the new stock
hereby authorized tor said bank shall he rails,
ee, be opened by said bank in the town of
PORTSMOUTH, in the county of Norfolk with
a capital oil three hundred and fifty thousand
dollars.
a. he Il further enacted, Tha, the Presi.
Gent ana Directors Of the Farmers Bank of
virginia shall have authority 10 Increase the
capital stock OF the said bank, by the addi.
lion OF ,olO,O 600 dollars, OF which increased
caEiiai the COMMONWEALTH shall subscribe for
and hold one moiety, and the residue thereof
the said President and Directors shall raise
IN the best manner for the interest of the said
corporation, 50 that one hundred dollars for
each share shall be secured. The new stock
hereby authorized, shall be divided betwee,
the sad bank and lis branches as follows In
VIII Tor The bank at Richmond, forty ;bous
and dollars; for The office of discount and de-
posite at Petersburg, thirty-two thousand
hve hundred dollars for the office of dis |
count and deposte al Lynchburg, two hun.
afea ann twelve Thousand five hundred dol.
'afs Tor The Office Of discount aud deposite
al Fredericksburg, one hundred and twelve
Inousana hve hundred dollars for the Office
OF discount and tieposiie at Winchester siy.
ty-iwo thousand five hundred dollars; and
ior the office Of discount and deposile al Dan
VILE, fifty thousand dollars Offices of dis
count and deposte shall, within six months
alter The new stock hereby authorised for |
said bank shall be raised, he opened by the
SAID bank at the following places, viz: one
Al tarmyille in the county of Prince ED.
ward, with capital of two hundred thong
ana dollars; one at Scoitsville or Chariottes-
vile, IN the county Of Albemar!e, as the
tockholders may elect, wifla capital OF one
hundred and fifty thousand dollars; and one |
al Abingdon, in the county Of w ashington |
or al Eyansham, in the county OF Wytbe, as
The stockholders may elect, 18th capital of
one hundred and fifty thousand dollars.
D. lie 1t further enacted, That the Presi- |
nent and Directors Of the Bank of the Valley |
In Virginia, shall have authority 10 increase |
'he Capital stock OF the said bank, by the
addition OF seven hundred and forty thousand
dollars, OF which Increased capital the Com
monwealth shall subscribe for and hold one
tneIety, and the residue thereof the said pres
sidsnt and directors shall raise in the best
manner for the interest Of the said Corpora
lOB, SO that one hundred dollars for each
'hare shall! be secured The bew stock here.
BY authorised shall be divided between the |
'aid bank and i;s branches in the following
TO VIZ: for the bank at Winchester,
,ne hundred and fifty thousand dollars. for
he Office OF discount and deposile at Lees. J
'uFg, eighty thousand dollars for the office
u discount and deposne al CharIes,own
ighty thousand dollars; and tor the office Of
iScount and deposite at Rnmney, ninety. five
housanh dollars. An Office of discount and
lePosHe shall, within six months after tho
,ew STOCK hereby authorised tor said bank
hali ne raised, he opened Ivy the said bank II
v 'ne Town Of StauntOn, in the county of
augusta, with capital of two hundred
housana dollars; also, an Office Of discount
no oeposEe nj WarrentoD, in the county of
auq1leT, win capital of one hundred and
Iirty five thousand dollars.
8. BE it further enacted. That The nres;.