This article shall be known as "An Ordinance
Imposing a Bank Franchise Tax and Fixing Penalties for its Provisions."
For the purpose of this article, the following
words shall have the meanings ascribed to them for this section:
BANK
As defined in § 58.1-1201 of the Code of Virginia,
1950, as amended.
NET CAPITAL
A bank's net capital computed pursuant to § 58.1-1205
of the Code of Virginia, 1950, as amended.
Any bank which shall fail or neglect to comply
with any provisions of this article shall be fined not less than $100
nor more than $500, which fine shall be recovered upon motion, after
five days' notice in the Circuit Court of Mathews County. The motion
shall be in the name of the commonwealth and shall be presented by
the Attorney for the Commonwealth of Mathews County.