Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1851-04-14

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An Act
Toiac7,rora'e he Merchant Baak IF Tirginiz,
PASSED MARCH 26rH, 1851.
/. Be it euactcd by the General Assembly Of Vir-
GINA, tiat il shall be lawful 10 establish Bank in
t ne town oi Ly4clburg the capital stock of which
shall not be less than five hundred thojsand dollars
nor thau nine hundred thousand dollars to be
raised by subscriptions ofon hundred dollars each
Books Of subscription for raising The stock aforc-
said, shall be opened the FIRST Monday ia May
next. and remain open til the stock shall be sub
scribed NJ Lyachburg. in the county of Campbell,
under the SupcrintcudaHce of Ohm Eariy. David Il.
Edley, John NJ. Warwick, Charles l.. Mas5y. Alau-
rice Langhornc Ambrose b. Fucker. Richard G.
NORRIS, Don 7. c. Peters John D. liurrel SamI
Miller Anderson II. Armistead. James VI. Cohb4.
Martin W. Divenport, John g. Meem, Seth Hal
scy, David b. Payae, Edwin Matthew'S, John NJ
Otey, David w. Burton jesse Hare Thos. Fcrgu-
son, Alexander Lisgat and BENZ Wilkes.
2l. Any five OF the Com ssioaers Aforesaid.
shall have full power act; AMI their rights pow
er- IN duties in cation to The said baak. shan Be
in all respects far applicable, such as are pre-
scribed By the Go e Of Virginia.
The said commissions shrll bc,and they are hereby
authorised TO receive subscriptions payable par1ly
in moaey an partly in the S;oGs of this State, the
medium ofpaynent To he expressed at the time Of
making such -ubscrintinal, l-d the stock to be
transferred tothe bank ma money paid over 50 soon
the President and Directors thereof shall be ecc-
ted
ID IT may ne lawful Tor n aJor'ty OF the per-
SOUS hanea rs CnH',aissiocf5 III ~ lchplrs 10 So
lect any additional places fer opening books Of sub
scription to the stock of snid Bank and appoint
commissioners 70 su9erintend the same.
fth. The sail bnni At Lyachbur-, shall be c,lcd
'Tbe Merchants Bank of Virginia. and ~ this
maize aud style the Stockholders thereof and ther
successors shlll be n body polite AID corpmate.
with all the risht- powers and privileges conferred
upon Banks q this STATE, by chapters fity-seven
and fifty cig1t. except seventh section OF chapter
hfty-sight II the Code Of Virginia. and shall moro
over DC subject {, I'll the rules regulations and
''rrtonS Imposed by a4d snh,e't TO all the Pgovi5
70 o. Inc slid it!-seFenih and hiiy-cishih chlp-
t-f7' except 50 llr as tfy are neon stent with this
art ana except h'rt.ef, t'at the Stocilsoiders
7-'hli appoint OF e-"-l tie alrs't tors
D Nh'acyrrthe snid Baak 4hal legally trH slcr
70 and depu A. w4lh taa Ire5-ury- cft4s ot-ie, it
'rust inf' and tor tha ru.p'-es Bank, car,"i-
cafes ~ t'le ru5ir det ~ the State the bonds o.
any i-lpr vcine I company or companies ruaran-
ted ~ the Safe beiriF SIX per cclt Interest 10
tle amount OF hye hundred thousand dollars, tie
-ela Aiercaants Bank ct irsiia slin be utnorised
us.ii Ie l;- iii .a.'on [. '.,ay srleet
Hill: rnt i 4 '"e Ut
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