Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1866-02-06
HOUSE OF DELEGATES.
The House met at / o'clock, the SPEAKER in
the chair. Prayer by the Rev. DIR. llopson, of
the Disciples church, Of this city.

The House met at ! | o'clock the SPEAKER in
the chair. Prayer by the Rev. DIR. llopSon, of
the Disciples church, of this city
REPORTS OF C0MMlTrEEs.
By the Committee OF Propositions, &c--
A bill to incorporate the Richmond Saving S
Bank aud Insurance Company.
A bill to incorporate the Baltimore and Nir-
ginia Steamship Company.
A bill to incorporate the Industrial Mining
and Manufacturing Company.
a bill To amend and re-cnact the 9th sec
ton of chapter G3 of the Code of Virginia al
1850 concerning mills. Ordered to be printed.
The Committee ON the Courts of Justice
reported back the report of the Committee
on Claims, adverse to the payment Of the
claims OF llmdley & Canoe and others, for pr"Ni-
Sioms furnished the Penilcntiary, Nc, during
the war, with the recommendation that ii be
recOmmittcd la said committee. Agreed to.
THE VIRGINIA LAHD AND MmGEATION COMPANY.
The House bill TO incorporate the above
Company was returned by the Senate with
an amendment, which being agreed to, the
bill passed.
THE VIRGINIA AND NORTH CAROLINA LAND AND
COLONIZATION COMPANY.
The bill Incorporating the above company
was passed, with an immaterial amendment.
THE BILL REQUIRING THE BANKS or THIS con-
MONwEALTm To GO INTO LIQUIDATION,
was taken up and passed. The following is 4
copy
"WHEREAs, the banks of this Commonwealth,
during the progress OF the war recently waged III
the State of Virginia, sustained such losses that The
lle now unable to promptly pay Their Liabilities
and whereas it is the sense of the General Assembly
that spccdy settlement of the Affairs OF SAID banks
should be made, in order to a legal aud proper dis,
rihution OF their assets anongs all persons entitled
to share in such distribution Therefore,
Il BE II enacted by the Genera! assembly, That
Il shall be Lawful for the president ana directors OF
any bank uf circulation. chartered 10y the General
Assembly of Virginia to make or cause 10 he made,
A deed conveying To such person or persons, as SAID
president and directors may select all the assets,
REAL and personal, OF said bank, and providing IN
,url deed that the proceeds of said assets shall bc
distributed amongst all persons, corporations and
associations entitled to share III such distributions
accordingly the legal rights and pr"ritlcs OF such
persons, corporations and associations NJ the Time
such deed shall be executed
- BE IL further enacted, That whenever any
cn,litor or creditors of any bank oI circulation oi
this Commonwealth shall, by any suit or other legal
process whatsoever, seek To obtain "A Judgment, de-
cree or order which said judgment, deoree or order
when rendered or made, would create lien in tayol
Of such creditor or creditors upon the assets ot th,
said bank or upon any portion OF such assets, and
thereby ent!te such creditor creditors In receive
more than his or their just and ratdbe share ui
shares in the distribution of the proceeds oi all th'
A sets of sid bank, then and IN that case, aud III
order To preserve the just rights of all creditors Z"
said bank To fair pro rata distribution Of the pro
ceeds of said assets and for the purpose OF efectnr
such distributions il shall lac the duty oil the pr,s
dent and directors of said bank, and they are here
by reouired to make OF cause to he made n deed o.
CONVEYANCE Of the assets Of SAID bank in such mln
ner and form, and for such purposes provided
far in the first So, ton of this act; but nothing III
this act contained slall bc so construed as To com
Mi the nrrsilent and directors of any bank ia tins
| tommonwealth or the trustee or trustees III any
deed of conveyance, made by the president aud di'
rectnrs of any bank provided for in the first OF
second sections of this act, to make final distrhu
ton br the proceeds of the assets of such bank al
any nerioJ before three years next succeeding the
| passage of this act
81 Re Il further enacted, That whenever any
doed of conveyance shall have been executed under
any If the provisions OF this act the trustee or trus
| tr,:s in such deed are hereby required to forward
within thirty days after the execution of said deed
| IN the Governor of this Commonwealth, Il copy Of
said deed. and also full and correct report of The
condition of the bank, the assets of which have beer
conveyed by said deed and whenever any such deed