The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-08-15

ceeding iixty, for every eight flares above
iixty and not exceeding hundred, one vote and
tor every ten flares above that number one vote but
no perion or perions, bodies corporate or otherwfe
ihai be entitled to than fifty votes, and no
Stakeholder bsi be permitted TO vote except at the
iiiri eleGton, who has held his focb for thirty
days prior TO the election and all stockholders fhail
vote at elections by ballot, i'll perion or by proxy
which proxy, in all elections after the frn fhal be
made IN iuch form the board of Directors lha ap-
Poiut
Arr. s. A general meeting of the flock holders OF
the company lhall be holden on the fecond MONDAY
IN November in every year. Except the prefent) at
iuch place the board of Directors iall arpoint nv
giving four weeks notice in or more of the news
papers of Alexandria, for the purpoe of eetanp Di
recors for the eniuing year. who a take their fes.s
at the board the fucceeding day, and immediately
proceed to elect the Preident But for the prefent
year for the more immediate organization of the bu
neis of the company, the election hall be holden nm
the iecond "Wednesday in September next; under the
direction OF the comnlloners appointed to receive
fubfrrptions.
Art. z. The board of directors are hereby f,lI,,
empowered to make revile, alter, or amend all f,cb
rules, orders, bye laws and regulations for tbe ar
ment fthe company, and that of their officers rs--
wants and affairs as they, majority of them ihaI
from time to time, think expedien,, not pcorfnent
with law thefe articles of af1ociaton. ard 70 nc
|
perry OF the fad company Qubjea only to the rearic
tions herein after entioned) as to them, or major
ity OF them may feem expedient
Art. o. All bills, bonds notes and every contract
and engagement behalf Of the company for the n.y.
ment OF money, ihall be igned by the preident and
counteriigned atteed by the Gather of the copa
NY and the funds of the company fiall in no cafe be
held reiponble for any CONTRACT Or engagement what.
ever uneis the fame all be 70 fgned and counterpr
ed or atteHed as aioreiaid.
Art 9. The books, papers, correspondence and
funds OF the company illa at all times be fubiert 70
the INFECTION of the Directors
Art 10. The faid board of Directors ftau b,ve
power to appoint Gather and all other officers and
lervans for executing the buineis of the conn,,,,
and to eablfh the compensation to he paid ~ tto
den and all other officers and ervants of tba co,-o
NY respectively, and which, together with all ober ne
ceary expences, ihaH be betrayed out Of the funds of
the company.
% Art ii. A majority of the Directors n,aII have
power to call general meeting of the Stockholders
ior the furpoie relative to the concerns of the
giving at ieait weeks notice in one or more Of the
newspapers of the town, pecfyug in fuch pot;ce the
object or objects of fuch meeting.
AN. IL The ihares OF capital flock at any time
owned by any individual Stakeholder fha he transfer
aDie on the books OF the company according to fuch
ruies may conformably to law, be efabed in that
oena blythe but all debts actually due
faJaSe 10 the company days of grace for payment
being patti by a Stakeholder reuuenino a trarsfer
mutt be fatised before fch transfer {bsl he ade
unie. the Board of Directors Ia direct to the contra
ry
Art. Is. No transfer of Hock in this com,anv
ihau be conidered as binding upon the COMPANY. mn
e' MADE IN book or books to be kept for that purpoe
1y the company and IT is further expressly agreed and
declared that any Stakeholder who hal transfer in
manner aforejad all his ock or flares in this COMM,
ny to any other perfon or perfons whatever, {hall
tiereupon ceaie to be member of this COMPANY. and
that any peron or perfons whatever who fial accent
transfer OF any flock or fhare in this company hall
thereupon become and be member of this cornpanv
according to theie articles Of aflociaton.
Art ii. 1t is hereby expressly and e1pIicitlv de-
cared to be the object and intention of the perfons
who afociate under the name or firm O" The pref
Gent ard Directors of the Bank of Potomac" that th
JOINT Rock or property of the aid company (excufve
Oh dividendsto be made in the manner hereinafter
mentoned) fha alone be refponfibe for the debts and
engagements OF the iad company and that no perfon
VINO ihah or may deal with this company OF to whom
they iaii or may becomein any wife indebted 11a on
any Pretence whatever have recoue agant the fepa-
rate property of any prent or future member of this
company, or againlt their perons, excepting the Off
GERS and ervants OF faid company in regard to the
faithful dchsrge Of their reflective duties in The eon
duct of the affairs and administration of the finds &c
LAID company; but all perfons accepting any bond.
o, or Hote or other contract of this company eed
by the Prefdent and counterGgned by the Gather of
the company for the time beng or dealing with + in
any other Mariner wiladoever, thereby refpeaiv+Iv
give credit to the lad joint Rock or property of the
lad company, and thereby respectively difavov ha
vg recourfe on any preenee whatever to the perfon
or ieParate property of any preent future member
oil this company, Excepting before mentioned)-I
And all fus be brought againf this company Gf A.
ny hall beg iha be brought agsinR the PreG!ert Cor
the time being and in cafe of his death or removal
from Office, pending any uch fuit againa him, nea
lures fha be taken at the expence orte co;,,v r-
irDitituting his fccefor in Office as defendant. II
that Pef1ons having der-a is upon the company NAV
rot be preudced delayed by that event or if the
Perion flung fha 20 againR the perfon irR named
as defendant Notwithstanding his death or removal
from ofice) thsconpany niai take no advantage BY,
writ Of error otherwife Of lch proceeding onthat
account; and arecCverv had, in manner aforelaid
hail be conclufye upon the COMPANY, 70 far as loren
der the Company fd joint Aocl or property liable
thereby and no further; and the Company fiall i'm
medatev pay The amount Of fch recovery out Of their
Joint hocS but not otherwiie. And in cafe of any
fut at law, the PRECEDENT hal fgn his appearance rt
on the writ file common bsI thereto II being ex
preisy underlood and declared that al pcrfors deal
ny with fad Company, agree to thee terms and are
BONA t,eroby.
Art. o. Dividends IS thc profits Of che Con,yanv,
or 70 much fiia profits 70 ha he deemed expeden,
and proper, EaIl be declared half -crrly in the GTo
,S,a~L IN Mar srJh rCx,s,.,tsr 90, -