Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-04-22

~. IL, ..,tl.d 3. , n act increasing the backing
capital II the Commonwealth. passed. fiaioh %
1877. nd 10 ray Tor saLh subscription out 81 me mon
.x ta,4f,6ne lnaned to said Banks, Hnd sill remain
ta.lasp Herewith and 10 that end, the Treasurer
ia IL. aud Nc l. hereby authorized, To surrender
a., Id Basls OF Bank unto which he uiE, sub
LII IS afsresail. their OF is obligation Tor the re
,,,n.ni nfihc nanry on loan as aforesaid.
II .. bel fatia rsaa4ff. That II shall he awful Ion
rne ganL sftlc Valley ia Virginia, II the said Banb
shall excerpt the provisions Of the act cniified . An
act inereastps tic banking eafllai o. his ommoa
wealth. Pa sod Mach the 10Th. 1857, 10 increase
ITS capital stock IL lie addition OF the sum OF one
hundred and Gfy thousand dollars, ahofe ,he !.
mouHt Il Increased capital provided TOT " sucn act
The additional stock. hereby authorized, shall be
raised u thc President aud Dreciots 81 salu b'Nh'
ia thp hrst manner fur the interest OF sad corpora
ton. 81 that Slu0 fet each sliare sllall be secured.
prnri8fd however. that the SAID Bank shales''oll'i'
The hlauohcs required by the act hefelnbelofe re
ritcd. entitled =, an increasing tie banking cdlia'
oTtII, Commonwealth :" aud provided a'sn, thai
,rt Of f4r aforesaid increased capital, there shall
be aided To lac eanilal Of the branch 10 be establish
cd Al N4ffcuton. sl5,uOO.
mint. firIler endctoi. That il the Bank Of
Virginia shall petept lle provisions oil tins act VI
In ca<e ofits refusal, # ,he Farmers Bank oil i'g'n-
~ .talI accept lie terms of sad act, aud shall estab-
i.b The branch herein authorized to be established
at Portsmouth. Mnh a capital Of Sl75 ono, on OF
before the FIST day oil July nrNt, the sald bank, SO
rst4blsh4ng The branch IN Poftsm0lh. shall not be
required 10 iulnisll tic leihainlae 9''o'ooo . ''P'
lal, natl the ffst Day OF Juls.t5i1.
II. ff Hj"rfef e10c'f1, ! ili INC eapl'"' N'ot"
OF the Exchange Il atL IT Virginia shall be and the
sane Is iricby Increased - o.f00 on condition thar
ilc sal increase shfl be made By individual sub
str5bets, aud That sat1 blhk shdlI csl"uHsil Il "''"'
~ t3e law1 eli ain7nih' N the county oi 2i'Ho'"'
with 4 capitol ol c-uo 600, On ol hrioIe iIe n''' "l
of July, e iA, OF IL snon as sl5O'oOu ol Tue I"'lsa-
l .f f-LI. 4ntl,,ttaaI RI3li have IFFn sinh
Scuaeitdl1s Aforesaid ana PAN.
12.gHt naahs accepting lhe provisions OF tue
act, or dat Increasing the banking capital ol 'Hr
Commonwealth passed Mach 23h, ls3', aud the
Nlht o. hau'wlia, IA leu OF tic cI'ssilleaiieh III us
cUart,r.s2'l class I'll Implications Tor discounts INTO
rle lhf'c elasses, the FIRST class shall consist ol ''I"Pz,
plrattpus ,Hr sums al : l,oUo aud undei, The second
class 10, sno. otal coo and not exceeding $40
Ou), anl lie ttfi class for suns over Slu,uO0 and
not eScetHtu" ~a'}soa3. II slidli he the dniS oI me
b'uSs Il Keep d lsi oi an the app'ic'ii'ns i"f us
counts. the names 81 parties thefc'o' cndniser7 and
amounts, and TIE dtcIs-ons thereon. TO person
OF company shall Al any tInte owe any one bank OF
TINS 1e"ifhnpN oalili as drawer or nct'liof' y sum
exceeding c'o,eb0, nor as an etdofsef, i greater
sun than a1o,ooo.
-. M % j" l1Wer Hdcfed' ! ha' All the laws
40" III I"fcc designed to ltoilbit the issue ana CIR
cnI'iion al . paper medium Tor sums less illan 20
N'Ail hf lnl are hereby declared To be III ihll i'rce
aud tHgti. ~ all cases IN which such paper medium
si'lI be ioi Snnia less man ten dollars anu AL per
sous OF bodlcs corporate violating the sp1fit OF such
acts, shali De sniJfei to all the pAinS and pehaItie
therein lmppscd: Provided, however, that nothing
herein shall be so constructed rs to prohibit the
circulation ol bank notes under the denomination
oi TED dalius, except by The bank or bauhs winch
>iiIti ilsFe emitted The same.
II. BtH partner f7dctcf. That II the Bank Of
Virginia aud the Falncts' Bank Of Virginia, or et-
ihct ol tItl1 shall refuse TO accept The provisions
OF jhIs aei, aud ii tit act increasing the banking cap
,ial Of the Commonwealth. passed March 10Th. 1889;
and tire Merchants and Planters Bank OF Lynch
burg, slnll, in conformity Herewith, 90 MO rpcta-
uou-fhe sand Bunk shall De subject to all the provis
IONS @! The act prcsel hing the regulations aud gov
eminent of the Bank Of Virginia, the Farmers
h1rk ot Virginia, and The Bank OF the Valley, in
Vagina.
This act shall be in force from the nassip, thereof
An act to establish the Bank of kap,wba; locate,
the bluk at Charleston. with a capltal of 5000 600
subject 10 he provisions ofihe general act concern
iug baaks, the chaltet to continue tdl ls57 the sub.
]sciiplions 10 the stock to be paid in instalments the
bank TO class all applications for loans into three
classes as provided By the act passed at the present
session relative to The other banks to keep a list oil
such applications aud the decisions thereon. and
not to loan to any individual a greater sum than
100000 the loans not to exceed vice the amour
OF t. stock paid III, and subject To all the other res
ulcitons imposed upon the other banks.
An act imposing taxes for the support of govern
ment, imposes the same taxes rs were imposed las
year ON all other subjects oftaxation except on mcr.
chants aud provides that on licenses to merchant
when the amount Of goods. &c. exceeds two thou
sand dollars, there shall be an additional tax ASSESS
ed otan eighth Of one per cent. on every hundred
dollars oil excess. To be ascertaincd in the manner
prescribed by The revenue laws in reI,t,on to olhs,
personal property subject to the penalties the,c b,
/ imposed, the Silu property To be listed and returned