Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1839-04-11

sum Of oae hundred thcasand dollars. au-
tkerizsd By this oct. when the whole y
nesnt thereof shall have been subscribed.
9. Be u fsrfAy easefed. That the 10Th
secfiou Of the act entitled "ss act ineress-
Jog the bsDking capital Of the Common
wealth." passed March 18th. 1887. be.
and the same 10 hereby repealed.
!. BE 1 fsrft,r sssefed. That IL The
psovisions Of the last seeiisd sct be &C
cep,ed BY the Bank OF Virginia and the
Esrmers' Bank Of yirginis. il shall be the
duty Of tho Treasurer. AFTER the lst day Of
June. 1912. TO deposite one-third Of the
public monies IN the office Of discount
aud depos'te Of the Exchange Bank Of
Virginia nj Richmoad. one-ihisd in the
Bank OF virsinis, and one third in the
Farmer Bank Of Virginia. in the same
manner as 1t nov or may hereafter b
prescribed by lsw; but. 10 the event Of the
Bank Of Virgiais or The Farmer Bank Of
Virginia declining TO accept the provisions
Of this snd Of the Isciied se,s % herein
provided. one moieiy o! the public mo.
MES shall be deposited. after The sxpirs-
ton ofthe charter ofths Bank 90 refusins,
in ono Of the said Ranks that shall accept
thereof and the other moiety IN the
Branch OF the Exchange Bank Of Rich.
mond; and il both Of the said banks de.
cline accepting said provisions, then oil
the monies OF the Common wealth shall
be deposited in the said Branch of the
Exchange Back: Provided, That IL the
Treasurer shall at any time have good
cause to believe tina, any injury will be
sustained by the Common " eslth from
making sseh deposites. or continuing the
same. he is hereby empowered. with the
consent Of the Executive, 10 remove and
withhold the same from either Of said
Banks until the meeting or the Lseisla-
ture, which may, at all times. control such
deposites IN any manner whatever.
Z. Be 10 further enacted, That upon the
Executive being Notified Of the accent.
sncs by the stockholders of the Farmer,'
Bank Of Virgins and Of the Bank of Viz
s'nis, and Bank Of the Valley in Virginia.
or either Of them, Of the provisions Of .his
! act As herein provided. the Treasur shall
proceed to subscribe. in the name Of the
Commonwealth, for the stock of the said
Banks respectively, or, Of the one notify.
ing Its acceptance % aforesaid, authorized
to be subscribed for on behalf OF the Com.
mon wealth, by the act entitled "an act
increasing the banking capital of the
Commonwealth, passed March %. lS37.
and to pay for such subscription out Of
the money heretofore loaned 10 said
Banks, and still remaining on loan there.
with; and TO that end. the Treasurer shall
be. and he is hereby authorized, to sur.
render to said Banks or Bank unto which
he may subscribe as aforesaid, their or its
obligation for the repayment OF the mo-
new on loan as aforesaid.
y. BE 1t further encc!sd, That IL shall
be lawful for the Bank Of The Valley IN
Virginia, If the said Bank shall accep;
the provisions Of the ACT entitled An act
increasing the banking capital Of this Com
monweslih," passed March the 18th.
1877. TO increase lis capital stock BY the
addition OF the sam OF one hundred and
nifty thousand dollars, over aud above the
amount OF increased capital provided for
by such act. The additional stock, here
by authorized. shall be raised by the Pre-
sident and Directors Of said Bank. in the
best manner for the interest Of said corpo-
ration, 90 that 500 for each share shall
be secured Prorided. however. that the
said Bank shall establish the brsncbe, re-.
CURED by the act hereinbe fore recited.
entitled IAN act increasing the banking
capital OF this Common We alth;" and pro.
vIdsd also. that Out Of the aforesaid In
creased capital. there shall be added 10
The capita! Of the branch TO be established
at Warrenton, $4,000.
I'D. find be IL furiisr enacted. That II
the Bank OF Virginia shall ACCEPT the
provisions OF this act. or in case Of its re.
fusal, II the Farmers Bank Of V,reiui.
shall accept the terms Of said act. and
snail establish the branch herein authoriz-
ed to be established at Porhmou,b, with
. capital Of Sl75 900, on or before the
LIST day OF July next, the said bank. 40
establishing the branch IN Portsmouth.
shall not be required to furnish the re.
naming Si75O t0 OF capital, until the Ist
day Of July, 1910.
III. Be HhSfhsy enacted, That the CAPT.
tai stock Of the Exchange Bank Of Viz
gina shall be and the same IL hereby
Increased S200. 900. on condition that the
sad increase sbsll be made by individual
subscribers. and that the said Bank shall
establish branch in the town Of Fal.
mouth. IN the county Of Stafford, with
cspital Of S2O0,000, on or before the LAT
day ofJuiy, 1910. or as soon as $50. 600
OF the increased capital thereby authorised
shall have been subscribed for as afors.
said and paid.
IL. The Banks accepting the provi.
SONS OF this act. or hat increasing the
banking capital Of the Common wealth.
passed March 18th. ls37, and the Bank
OF kanawba. 10 lieu Of the classification
N ITS charter, shall class all sppIications
Tor discounts into three classes; the frat
class shall consist Of ell applications for
sums Of $1,000 and under, She second
class for suns over 3 900 and no, en-.
eesdlng $4,000. and the third class Tor