Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-04-09
VIRGINIA n.s3a.uSl ATI RE.
TIL. BANKS.
AN ACT
Concerning the Banks of thus Comm onwcalth.
Passed iprH .. 1898.

concerning Inc banks ol TINS tpUtho h"Calu'
Passed iPrH ., 1898.
/ BE II cnlcte, by the General Assembly,, That
| 81 much al any act III acts ~ my subject any
Bunk On Banblag COMPANY NOW tucutporMedby law.
and IN aeu operation Il ,ull, to ,lc forfeiture of
Is ehlriel lon tullne To pay or redeem ~ notes or
! dehfs IN specie, which may subject such Bank nr
! Banking COMPANY, Ia tie payment at any damages
n flfe ~ interest exceeding SIX per cent pctannum
Ion 81 tuline of refusing "a pay redeem notes
t aid debts IN specie. shall be, the same ~ heteb,
suspended until the fit dav ol Aprll, -3p aud II
my sneh Bank 81 Banking Company SHAH have lor
ielued us chatter lay iaiug or refusing Ia pay OF te
deem It's NOTES 81 lebls aforesaid the forfeiture
fcbs nlred shall b. reunited. aud the charcI Of
tie Ranh with al the i,ahrs aud powers therein con
tened, shali he and the slnc hereby declared To
! he IN lnll iofte aud effect to all intense and pun
poses. Provided. That The amount ol any noe ~
dabi due horn my b. * 81 llmhmg Company, wllh
legn interest thereon, may be received ~ amy OF the
modes no" lnihalided bv law.
:. Aud he uilhei enacted That tho Mates al
tie several Ban4. .hlrh have born heretofore r.
qnIied Ia be received III payment ct taNcs at debts
due In The tummouw cath, shall continue 10 be ST
feeetssd. lat the depnstcs ot tho public revenue
I slnll eauliapei Ia hemar IA the Il ul OF Virginia nd
/ tie laumefs' lanh al Nuelna, unless the TtrAsur-
Ct. with tbr adtle. al the ENr, uuve. shlI direct u
thelwse m respect 10 sub ,co'Ip' o' dcro,ltes, ot
hnlh. III fhr madt noa prescribed by Law,
.. And hr II tnthrr enacted, That every Ba1h IN
tn Ganmonmealth may, hom ITS nctt profits, dsc Irc
Il Nd 4 l al
per esatua pfctloR4 10 the ,t day at August ucNt,
in hall nl#kt no div trnd thereafter. # It shall
Ill r,fnse To PAY or redeem ITS notes o.
debts III sprele, ttflA ~ura Buh OF Bmklu2 CON.
pan> shai he bound aud liable to pay interest there
ol Al The tie II Ten pri cent prt unu , Ia be fe
covered many of the mode. in winch the amount ol
III, nnt ,leb due iia.n Az, tuk may now be re
eosff,hle by lN, my thlug thctcn coaHiuedt to the
! eoutrns notwithstanding
/ NJ h. II further enacted. That every Bank
winch shall lsul lzrl nj the PROVISIONS OF the, ael,
I'll 50 ffl 4 n. loan, aud ,ls,ouut4 a, that the
amount ii - outstanding debt ou the lat 81 lluunN
lzI9 sIll mol exceed hc arou IT ct t4 dr4t, oul-
Sd ding On tn. lsl Il January, 1898. Provided.
however TIM tins section shall no, affect auv Il nk
thu slllll before llle hls mrut,oucd dw bona file
have resumed stfr,Ic p,,lncut.
5 \ II be Il lnther elMrprd THAT the Banks al
III Gnmr ime ,Ifh duttnt lhru su- pension Of spe.
en-. p4yulr,- shall fu I4 to the i'Nr,ullvc. ono
IN ,yf4 nv, n,o1ls a statement of tbc,r condition
.atr,,bIy 10 the porl, sio ol the sixth section nIhe
AZ f.lab.Iins 4t.frId ~ ,uI,unuy tor the n,rorpo
rf#inn oil Bauks p44,cd lhc 2pi OF Mach 1897, aud
The. ..f..re.,e,,lsl ali be unfinished
e. AMI BIZ IL f,rifIri enacted 'Phl If shall be the
duty III Ire aeYerl c5telrl EmL, rt this Sat-, now
N operation. 10 i--ut bull o,orcs OF the d.uondaa.
nm iI,i,f ,jl, and fyp d,I.t. To- an atnoul NOT
L., il Two , ~ mon. iII,n f,u, per contain upon
dian, l'y..,.,.l,l4 uou M, G,., d,, of Alr,i
1-9al,ar ,l,,rI5 :. ,nt,o,,,, shah cease ana DE-.
,,,,,,,,.. n any . II B,uL snail thereafter -
- =, -. ar ny oni al, ,il,, f., uay ont ~ CIR
nl,fr at II ,inre or bIll every such Bank shall
l 10 l. ,I,I, =, rim. .,,, ,.,i,s and ZEN ,ltr, 40
+ = H.. al nat nfs4.,l. and r,r,y such note at
lI, - - ,,,ri ~ lac s,onrd n, am, clerk ar
NJ -, ,I,. ,.,., ~. n mis- ,,hn ,n,v he ,unoint-
-, H., ,ild plI,,,ost by the Board Of Directors, aud
ai,, .l,, -, ,l,,. L,,li,r r,u,,,u, ~ !,
- Ia, ~. ,,,,.,d,,, and cashier. Provided
+ -, IN, -, Inn, l,.,.,, ,.,nt ,,u,1 shall br "a
49, ,,,al . 10 ,e,,,.d any p,,yis,ou Of IN, sc,rt.l
. il,,4,.,., a.. ,..,,.,, .,,I .,,c,,l,,n Lv tlp
- - ,Il ,,,,,,.y nm, mi, =, ,usnrut unnl fI.
,a INV. .st#,ed o,ut, IA ,l,rcol =, may prolibl
- ~, - I ,,,. ~, ,L ,,,o. ~ LiIls =,
',''' - W. ,,,v ,,,, ,,,
. lI . - - ~ ..,.,,.n ,,la,, d,Iv n,es,t,,-
- '.,, IN l.. l,,',,i tI,r hinder oi
- ,,u,,il hr,col. wit,
y, ,# a., ,l,r same h, warrant before
A la4fIee oi tac peace: Mud provided, moreover,
INT whepter tn B.olhs aforesaid shall resume u g
payment sptcc ui all al t,t notes, Tue power CIV
"a 10 hem by lin, sccaon ln issue notes OF me de
ununltun II one md two dollars, sHd'I, MItuIu ~
daNs thereafter, ceaso uddrctnue.
lie II ulhtr enacted, Ihat II shallbe the duty
I'll sud ba0hs, lo,NIug lhr statement 81 theh conn
non, heelu-briote required 10 be made io the Exec
ut,,c, 10 lulnls also a statcu'ut shc"IuE lht IL
mount ii r4leh denomination OF NOUS "ueH lhf}
may hise n ciiculduot.
BE II lorther enacted, That the Banks OF dis
! Commonwealth winch shall avail themselves 81 'il'
ben, ht, olllns lct, shall annually make to the tx
rouilpe Il dicIuent al NIer condition on Tue hfsl
Nondas N December, a@ie'ibS 10 he PoN',ohso OF
SIKH >tu8u al the act bliSitng general fegu-
Ia uas tor the Incorporation OF Banks, pissed ne
21l ot VI lIt $50 iur the purpose al D'IuS lana ne
lore the Grnrrh Assembly At the comm. h'cmcnl oil