Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-02-10

such notification, for proceeding 10 tbs
choice of Directors; and it shall lie law6,l
for such election to be then and there mad
and the fourteenpersens who shailthen and
there be chosen. together with the Trea
surer for the time being, shall be the Ere,
directors, and shall be capable Of serving
until the first Monday in January thercafp.
ter. by virtue Of such choice, or until thei,
successors shall lie duly elected; and
the SAID directors shall forthwith, thereai.
ter. commence the operations OF the sad
Bank, at the ,eityof Richmond,
Sect. Z. hide it jaytiey clsqetsd, That
the Directors for The time being shall have
power to appoint such officers, clerks and
servants underth them, as shall be necessary
for executing the business Of the said cor,
pora,ion, and to allow them sach compea.
sation for their services respectively, as
shall be reasonable; and shall be capableof
exercising all such powers and authorize;
for the well governing Of the aa-irs 9th.
said corporation, as shall be prescribed by
the laws, ordinances. AUTHORIZATIONS 9th.
same.
Sect. 8. md be 1t further enacted, That
the following rules, restrictions, initat,
ons and provisions, shall formand be fua,
damental articles of the constitution of the
said corporation. /. The number oEyctes
TO which each stockholder, except the state,
shall be entitled, shall be according oths
number of shares he shall hold, IN thepr
portion following, that is to say, Tor enc
share and net more than two shares, one
vote for each share; for every two shares
above two and not exceeding ten, one
vote; for every four shares above zen and
not exceeding thirty, one vote; for every
six shares above thirty and not exceeding
sixty, one vote; for every eight shares a.
bove sixty and not exceeding hundred,
one vote; but,no person, coPartnershlpor
body polite, except the state, shall be emit.
tied in his or their own right, or as proxy,
TO a greater number than thirty votes; and
after the first election, no share or shares
shall confer right of suffrage, which shall
not have been holden two calender months
previous to the day of election. All stock
holders may vote in elections, or on any
other question touching the Bank, by
proxy; provided, The proxy be derived d.
/ rectly from such stockholder, and voted on
by person being citizen of fhe state
/ Q. Not more than nine OF the Dlrectorse-
/ ler;ed by the stockholders, and actuallyln
Office. exclusive Of the President, shall be
+ cIoihle for the raeyt eAli,ey -ea' a''tthe
/ Director who shall be President at the time
Of an election, may always be reelected.
5. Nom but a stockholder being citizen
of the state of Virginia, exceptthe Trcasu.
rer, shall be eligible as director. No i.
rector of any other bank, shall at the same
time be director Of this bank; nor shall
the Governor, any member of the Execu-
tive, Council, Auditor, Register, Attor.
ney General, Judges the Superior courts,
or any person holding and exercising any
Office of trust or profit under the United
States be director of this Bank. T. No
director shall be entitled to any emolumens
unless the same shall have been allowed BY
the stockholders at a general meeting
nC lIldAC. SttCll COtllI'Cu-
sation to the President for extraordinary
services atthe bank as shall appear to them
reasonable. s.. Not less than nine direc.
tors shall constitute board for the trans.
action of business; ofwhom the President
shall always be one, except IN case of sick.
ness or necessary absence, In which case
his place may be supplied by any other d.
rector whom he by writing shall nominate
for that purpose. 6. A number of stock
holders not less than sixty, who together
shall be preprietorso of three hundred shares,
or upwards, shall have power at any tins
to call general meeting of the stockhoid-
ers for the purposes relative to the institl-
ton, Swing at least six weeks notice intwo
public gazettes of the place where the baak
is kept, and specifying in such notice, the