Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-07-03

shall IN general meeting have accepted the provisions
oi tins act and Che further sum oil ten dollars on
each share every month thereafter, until the whola
amount shall be paid and il any stakeholder shall
fail 10 pay the amount of the feqnlsltions aforesaid
or the spare OF ten days after the period when the
same shall So become due, he shall be bound to pay
Legal interest thereon from the day wlieh the same
became payable, to he recovered in the mode nov
provided hs law,
/. Ind be Il j,t,tl,r caaeisd, That II shall be the
duty oi tho Directors of the said Bank TO cause
books nI subscription Ion It's stuck 70 be opened in
the borough Of Norfolk, IN the city Of Richmond and
IN the tomns ni Petersburg. and Ciarkss'lle within
mouth after tic next general meeting Of tho
stockholders and the shall be kept open for the
space OF month NJ least, unless the whole OF tho
remaining stock be sooner taken and the subscri-
beislol such stock shall have the benefit Of the pro
visions oi thu act.
!. lid BE- Il FURTHER cHdoted, That until fifteen
thousan, shares ol the stock be- taken, the capital
assigned r. the Bank and It's branches shah
he 81 appbftionrd, rs that the rspital AT Norfolk,
when the actual subscriptions shall hnve been paid
up, shall be not less thu five hhndred thousand
dollars aud the residue al the amount subscribed
sla b. appottion,d aIronc the branches 81 as to
allow one siNth 10 Clnhs,llle, aud thn other five
sNths IN he equally divided between Richmond and
Peleteishule.
&. Ind Wbce6, II "a appchcnded, that there will
be deficiency thv resources al the ontnoN-
wealth during the present and following ,eafto meet
the demand. upon the Tirasnrs--Be II further en-
a-l,i That the Treasurer of the commonwealth be.
aud lie IA hereby authoIAcd aud required 10 retain
out ri the surplus Revenue olthe United Suites ON
dcpusftc, Is atuiosal much o the saint rs shall
he necessary 10 discharge all claims upon the Trca
SUI, winch shall be dnl, audited. well FOR tho
support ol the Government ior the payment o thu
interest eioNns ,i" on loans obtained, aud 20 be OBJ
imned inl inpo,rs oi Internal Improvements. Aud
the portion ri the surplus reserved, Is here
by appropriated aud Sc, apart 10 be d'sbnrsed ac-
cor,ine 10 law prorideL boutr.r. tlla 81 much OF
the SAINT Is may be Icquire,l ior the payment o the
interest ON the loaus aforesaid, shall he paid into the
Treasury 10 the credit ol the Board ol Public
Works h> the wntrint oi the Auditor al Public Ac-
counts upon the demand OF the sad Board duly GER
thrd
: Il, u fatttr cndc',d, That the operation OF SO
much oi the ls ton ct tie act entted, " ~ act
establishing general regulations Tor The lncorpora-
ton u hanks," passed March the twenty -sccond.
eighteen hundred aud ihiiiy seven, rs rfohibIls the
baud n tins tnuluouw caltll from issuing notes OF
less Il. nomination than 10 shall be dispensed with,
81 L,i ~ the North western Bank ot Virginia ~
concerned uull the Isl day q March, eightecp
hundred aud thntN eight, after winch day the saId
Haul, aall he subject all respects 10 sad restflc-
tons.
X Ii Il E,ti,5 cua,ied That the Executive shall
apppolnt proxy to represent the stock oi the State
IN the 4 Exchange nauk of Virginia, and IN the North
western lank OF Wheeling.
. 81 4 JirHcr ,Hdctcd, That II The Exchange
Bunk oi Virginia, aud the Noffh western Bank Of
Virginia, shall accept the provisions nj tins act,
they shall III futn" ~ regulate then luans and dis
counts that ihc> .hmi "ot exceed twlco the a
mount ot lhci, ,alit;' t5ck actual,, paid n.
IL. THIS act shall be in force from the passing
thereof.