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Session Laws, 1878
Volume 399, Page 741   View pdf image (33K)
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JOHN LEE CARROLL, ESQUIRE, GOVESNOR. 741

vivors and their successors in office, be and they

 

are hereby constituted and made a body corporate

 

and politic under the name and style of the Bank

 

of Centreville.

 

SEC. 2. And be it enacted, That said corpora-

 

tion, under the above name and style, is hereby

 

made able and capable in law to sue and be sued,

May sue and

plead and be impleaded, answer and be answered,

be sued.

defend and be defended, in courts of record or

 

any other place whatsoever ; to make, have and

 

use a common seal, and the same to break, alter

 

and renew at their pleasure, and generally to do

 

and execute, all and singular, such acts, matters

 

and things as a corporation or body politic may

 

and can lawfully execute.

 

SEC. 3. And be it enacted. That the capital stock

 

of the Bank of Centreville, intended to be created

Capital stock

by this act, shall be seventy-five thousand dollars,

 

in shares of one hundred dollars each. Five dol-

 

lars shall be paid on each share of stock at the

 

time of subscribing, and the remainder in instal-

 

ments as the board of directors may determine

 

and require ; and privilege is hereby given to the

 

said corporation to increase the capital stock to

 

two hundred thousand dollars, by new subscrip-

 

tions or by adding to the said capital semi-annu-

 

ally a portion of its net profits not otherwise ap-

 

priated whenever it shall be so determined by the

 

board of directors.

 

SEC. 4. And be it enacted, That the persons

 

named in the first section of this act be and they

 

are hereby appointed commissioners to receive

Who are com-

subscriptions to the capital stock of the said cor-

missioners.

poration, and they, or a majority of them, may

 

cause books to be opened at such times and places

 

as they may direct for the purpose of receiving

 

such subscriptions, and may keep the same open
until the whole number of shares, amounting to
seventy-five thousand dollars, shall be subscribed

 

for ; and when the sum of fifty thousand dollars

 

of stock shall have been subscribed, and twenty

 

thousand dollars paid thereon, then it shall be law-

 

ful for said bank to proceed in all things according

 

to this charter.

 


 

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Session Laws, 1878
Volume 399, Page 741   View pdf image (33K)
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