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Mechanics Building Fund Association Journal, 1867-1876. Rockbridge County (Va.) Reel 206, Local Government Records Collection, Rockbridge County Court Records, The Library of Virginia, Richmond, Virginia.
This volume was microfilmed in 2013 by Backstage Library Works in Bethlehem, PA.
The Mechanics Building Fund Association, based in Lexington, Virginia, was incorporated on November 15, 1867, in accordance with an act to provide for the incorparation of "Building Fund Associations" passed by the Virginia General Assembly on May 29, 1852, and amended by an act passed on January 31, 1867. The purpose of such associations was to accumulate a fund to enable its members to purchase houses and lots, erect buildings, improve lands, and to remove incumbrances from real estate. It would also distribute among its members their proper dividends from revenue accumulated by the fund.
The journal, 1867-1876, of the Mechanics Building Fund Association was probably used as an exhibit in court cases that involved the association heard in Rockbridge County Circuit Court.
Journal, 1867 Nov. 15-1876 Aug. 15, of Mechanics Building Fund Association records monthly transactions between the association and its stockholders. Entries record the date of transaction, name of stockholder, form of transaction, and amount of transaction. Examples of transactions include cash received by the association from the payment of dues, fines, and interest on loanss and cash paid out by the association for expenses, dividends, and salaries.