PART IV (AS AMENDED) BEING ALL ACTS OF A GENERAL AND PERMANENT NATURE PASSED ACTS; AS AMENDED TO THE CLOSE OF THE SESSION OF 1922 Chap. 29 of Acts 1920.-An Act providing when an action of account may be maintained. 1. Be it enacted by the general assembly of Virginia, That an action of account may be maintained against the person representative of any guardian, bailiff, or receiver, and also by one joint tenant, tenant in common, or coparcener, or his personal representative, against the other as bailiff, for receiving more than comes to his just share or proportion, and against the personal representative of any such joint tenant or tenant in common. (1920, p. 28. In force February 10, 1920.) Chap. 57 of Acts 1920.—An Act to authorize the governor of Virginia to accept, in the name of the Commonwealth, gifts of works of art. 1. Be it enacted by the general assembly of Virginia, That the governor of Virginia is hereby authorized to accept, in the name of the Commonwealth of Virginia, gifts to the Commonwealth of works of art, as defined in section five hundred and eighty-three of the Code of Virginia. But no work of art shall be so accepted unless and until the same shall have been first submitted to the art commission of Virginia, or otherwise brought to the attention of said commission, and by it deemed worthy of acceptance. 1920, p. 51. In force February 16, 1920.) Chap. 59 of Acts 1920.-An Act to extend the time for collecting taxes accounted for by city, county and town treasurers, and not returned delinquent. 1 Be it enacted by the general assembly of Virginia, That all treasurers, ex-treasurers, and their deputies of the several counties, cities and towns of this Commonwealth, and their personal representatives shall have the further time of one year, from the passage of this act, within which to collect by levy and distress all uncollected taxes in their hands which have not been returned delinquent or insolvent, and for which they have severally accounted to the auditor of public accounts and the boards of supervisors of their respective counties, cities and towns for the years nineteen hundred and seventeen and nineteen hundred and eighteen. (1920, p. 52. In force February 17, 1920.) Chap. 63 of Acts 1920.-An Act to prohibit any officer in administering an oath from requiring or requesting the person taking the oath to kiss the Holy Bible, or any book or books thereof. Whereas, the kissing of the Holy Bible, or any book or books thereof, is unnecessary under the laws of Virginia in administering and taking oath; and, Whereas, the practice aforesaid is unsanitary in the extreme and should be discouraged and prohibited; now, therefore, 1. Be it enacted by the general assembly of Virginia, That no officer of this State, or any political sub-division thereof, shall, in administering an oath in pursuance of law, require or request any person taking the oath to kiss the Holy Bible, or any book or books thereof, but persons being sworn for any purpose may be required to place their hand on the Holy Bible. Any officer violating this act shall be subject to a fine of one hundred dollars. (1920, p. 54. In force February 17, 1920.) Chap. 66 of Acts 1920.-An Act to enlarge and define the power and the jurisdiction of police justices to admit persons to bail and fixing the compensation therefor. (Repealed; 1922, p. 754.) Chap. 74 of Acts of 1920.-An Act to encourage thrift and savings amongst industrial classes similar to the encouragement afforded by building and loan associations and to authorize the incorporation of industrial loan associations for the purpose of making small loans to industrial classes on security and at a low rate of interest. 1. Be it enacted by the general assembly of Virginia, That for the purpose of encouraging thrift amongst industrial classes similar to that encouragement now being offered by building and loan associations, and to reach a certain class of industrial workers who are not reached by either building and loan associations or the banks as a means to such end and for the purpose of incorporating industrial loan associations to make such loans on security and at low rates of interest it is provided as follows: 1. How incorporated. Corporations may be formed for the conduct of an industrial loan business according to the provisions of chapter one hundred and fortyseven of the Code of Virginia, nineteen hundred and nineteen, entitled general provisions applicable to corporations, and shall be subject to all the restrictions and duties, and have all the general powers, in said chapter contained, except as otherwise provided in this act. 2. Minimum capital; amount to be paid in before commencing business. No industrial loan association shall be incorporated with a less capital than thirty thousand dollars which shall be fully paid in before commencing business. 3. Number of directors; amount of stock each must hold. Every such industrial loan association shall have at least ten directors who are citizens of the State of Virginia and who must own, in his own right, at least one hundred dollars of the par value of the capital stock of the association of which he is a director. Any director who ceases to be the owner of one hundred dollars of the par value of the capital stock or become by any other means disqualified, shall thereby vacate his office. 4. Powers. In addition to the general powers conferred upon corporations under the provisions of chapter one hundred and forty-seven of the Code of Virginia, nineteen hundred and nineteen, every such association shall have the power to lend money to any person, firm or corporation, to be repaid in periodical instalments, secured by the obligation of such persons, firm or corporation, or by any other security, subject to the limitations and restrictions hereinafter set forth; provided, however, that no loan shall be made for a longer period than four years, nor a greater amount than ten per centum of its paid in capital stock and surplus. 5. Interest on loans. Such associations may charge the legal rate of interest on loans made, payable in advance, upon the entire amount of the loan. 6. Repayment of loans. Such loans as made by associations incorporated under this act shall be repaid in weekly or monthly instalments, provided, however, that in the default of the payment of any instalment for a period of thirty days the association may declare the entire unpaid balance due and payable. 7. Supervision by State corporation commission; statements of financial conditions. The State corporation commission shall have supervision of all industrial loan associations doing business in this State, whether incorporated under the laws of this State or not, and may require of them statements of their financial condition at such times as to the said commission may seem proper. 8. Associations to make financial statements; fine for failure to make statements. It shall be the duty of such industrial and loan associations to make the statements required by the preceding section to the State corpo |