Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-04-16
General Assembly Of Virginia.
SKETCH OF THE ACTS


Passed by the General assembly Of IugHia, session le39
(Contiaued)
lS4. An act incorporating the Grave Creek Turnpike
Company with a ca pi,al of S2 900 % construct road
from Elizabehtown TO Wheeline the Board OF Public
Works to subscribe for two fhhs of the stock.
1876 An act concerning the Giles, Fayette and Ma
nawna Turnpike Company; allows them Two years TO
begin their road instructs the Board OF Public WORKS
to defer the survey directed by the 4h section of the
act Incorporating the company until the company has
been duly organizsd and authorizes the road 10 be con-
slructed by the Red Sulphur Springs.
lS6 An act amending an act providing Tor the better
security Of persons charged with criminal Offences au
thozes the removal of prisoners to any convenient COT
poratlon Jail in the adjoining county as well
as 10 neghbourng county as according TO Inc Prov
sioas Of the act of 1886
lS7 An act 10 authorize James Bream George
Patrick and Daniel Rufner, cree, bridge across
Elk river in the county OF kanawha
1885, An act incorporating The Harrisburg Academy
Association.
ls9 An act authorizing the county court Of Monon-
gala county TO raise money for certain purposes aulho.
rzes thousand dollars TO be borrowed 10 build bridges
AN ACT
To ,epea and amend certain respecting the Banks Of
this Commonwealth. passed 3priL4, 1889.
l. Belt enacted By the General assembly, That any in
corporaed Bank that may have heretofore forfeited It's
charter or made itself liable TO other penalties by fail
ing pay specie hereby relieved OF such forfeiture
and other penalties and the charters of all such banks
with the rights and powers thereby conferred, shall be-
anu tue ioNc u''o
3. Be it further enacted That if the Bank of vrgi
MA the Farmers Bunk of Virginia, and The Bank Of
the Valley in Virginia. or either Of them, shall accept
th provisions of the increasing the banking capital
OF the Common wealth, passed March % 1887, mod
fed by this act the Bank Banks accepting, shall
regulate their loans and discounts, that they shall not
exceed twice The amount Of their capital stock actually
paid in
g. Be it further enacted, That if the stockholders of
the Bank Of Virginia. the Farmers Bank of Virginia.
or either of said Banks shall not in sixty days after the
passage Of this act, consent, in general meeting TO &C
cept the provisions Of this act and the act entitled "an
act increasing the banking capital Of the Common
wealth." passed March 25th, 1887, hereby modified
nd notify the Executive thereof, the Bank or Banks
falling shall not be entitled TO claim the benefit Of said
acts; and if the stockholders Of the said Banks either
of them shall accept the provisions OF this said ac il
shall be necessary for them TO make any change in
the number Of directors, the mode OF appointing
Them until the next annual meeting OF tha stockhold
ers as therein required for the election Of direcors-
and those who in Office, or who may hereafter
be appointed 10 6l any vacancies, shall continue in of
flee until their shall be appointed and quail
fed according The directions OF the said act Pro
vded that the Bank of the Valley, in Virginia. shall be
subject TO all the provisions Of this sec,ion except that
she may have four months instead of sixty days within
which to accept the provisions of This act and the act
entitled ian act increasing the banking capital vi this
Commonwealth passed March 18th, 1887.
a. Be further enacted That shall be lawful for the
Bank OF Virginia and the Farmers Bank of Virginia. if
said banks shall accept the provisions of the act entitled
can act increasing the banking capital of the Common.
wealth., passed March 25th 1887 us the same are mo.
d6sJ by this act to add to their respective capitals over
aud above the increase authorized by the said acl the
Bank of Virginia the Of 5000 O00 and the Farmers
Bank of Virginia, $735 OOO bu, if only of said banks
shall accept aforesaid then it shall only be lawful for
the bank SO eprng make such further increase to
its capital stock. The additional stock hereby auho.
rxed shall be raised by the President and Directors of
said banks either of them in the best for the
interest Of the said corporation, so that 500 for each
share shall be secured: Provided, however, that said
tributon of capital and establish The branches as re.
CURED by the act entitled increasing the bank
ing capital of the Common wealth. passed March 25lh
1897 and the remainder OF the additional capital to be
retained BY The mother banks respectively The city of
Richmond
s. Be it further enacted, That if the Bank of virginia
shall accep the provisions of this and the before recite