Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-08-22

good evidence OF the quantity OF fock 10 winch
each fubfcriber lhall be entitled in this cofa-
| pany.
conducted by Twelve Directors, and a Pfeiidint'
hcfe place if cho(en from among their number,
4hall be fupplied by that BODY; andfAx OF the
D,reetors with the PfeGdcnt fhal form boad
or quorum, for traufatting all the bunets CT me
company; ordinary ditccunts maybe done by thc
PteGdent and any FIVE of thcsDrectors II cafe
Of his iiekncfs or necetIary abence, bis place nsy
DC fnpplied by any Duetfa,e whom he, oy 1T
INC under his hand may nomlna te for that pufPole,
ior in cs{e Of his rot making fTh nomination, The
majority ef the boardwaay appoint a P.cfident TO
att durag his abfenoe arc he Dnettors who
may be appointed at the hrt eleflicn, fhall hold
/, their feats unsil tie ieconi Mooday in November,
/! one thoa{and eight hundred AID 1--we, and the
Directors from ard after that period ihali DC elect
cd for one year, by he Stockholders Tor tie time
bei-p, ard each Director ha be aaSrockholder
at the tine OF his election, and lhal ceste TO be
Director, if he f4ould ceaf: to be Stakeholder,
ana no Director of any other Bank, ihall at the
| fame true be a,Direttor oflhis Bank. And the
! number ofrvo,es to<WhCh each Stockholders ihaii
be entirlcd, hall he'in proportion to the itoek he
may hold, as follows: For one ihare and not
| exceeding two lhares one vote each, tor every
l.tw ihares, above and not exceeding ten, one
! vote; for every four fharss above zen and not
exceeding thirty, one vote; torevery TX flares
! above thirty and not exceeding dxty, one vote ;
for every eight flares above lx:y and nos' ex
!, ceediug one hundred, one yotes and tor every
ten thares above that number one vote. But 20
pe;tcn or peIlens, bodies corporate or dtherwlic,
hsN be entitled 70 more than fifty votes, and no
Stoek holder hal be permitted 70 vote lexcept az
the Eft elettionl who has not held his Sto tor
ihirgv daysrprior to the election; and all Stock
holders (hsll vote a,~cletions by ballot, nperfon
or by proxy, which proxy, in all elections after
the 6rR, fhalI be made in fuch form as the board
OF Directors fhall appoint.
Art. s. "A geReral meeting ofthe Stockholders
of the Company chall be holden on the fecond
| Monday in Novernber lnevery year, Except the
prefcnt) at fuch place the Board ofDireetors
hall appoint, by giving four weeks notice IN one
Or more of The newspapers of Alexandria, for the
purpole of eletsing Directors for the cninpg year,
who lhall take their ieats at The board the iuc-
ceeding day, and Immediately proceed TO elect
the PreGdent: But for the prelent year, for the
more immediate organization OF the butlnsis OF
the company, the election hall be holden on the
ecord Wednesday in September next, under the
direction of the CommifEioness appointed to re-
ceiVe (ubicriptions.
Art.7. The beard Of deeaers are hereby fully
empowered to make, reyife, alter, annu allluch
rules orders bye laws and regulations tor the govern
men, Of the company, and that of their eslcer, fer
wants and affairs, as they, "a mSorty OF them,
G,all, from time 10 time, think eXpedents incan-
tent with las. heie Articles or aocia.ion, and to
ufe,,enploy, and dipoe of the joat toek, FUNDS or
property ofthe iaid company (ubject only 10 the re-
hrietons hereia after menticned) as to them, or
majority ef them. may fern expedient. ,s
Ar. 5. All bills, bonds, notes and every coh
tract and engagement. behalf OF the company tor
The payment of money, fhall be hgned by she Pfel
dent and counterhgnel at,eIted b} the Cahitr ct
the Company; and ,hetnnds Of tie company ihall
in no cafe be held reiponhb any contract or en-
gageneTe whatever pneis the fame lhall be 10 hgned
| and counterfigned atiened as aforeisd.
Art.s. The books, papers, ccrreipcndsnce and
funds OF the company iha at all times lie iubJect &c
t't6e inlpe6tion of the DIRECTORS.
Art. 70. The faid Board of Directors fhall have
power appoint Cefher and aIl-o.her officers and
I fsrvsnts for executing the buiibe Of the company,
/, andto eeabhih the compenlat,on to be paid 10 tns
Preiident aud all other officers and levAnts CT the
corr pany respectively, and which, together with I'll
atei ucceary expenses, all be betrayed out OF tie
/ funds OF the company.
| Art. II. a majority ofthe,Direae's fhall ha.e
power TO cali general meeting Of the Stockholders
for s,e purpotes relative 70 the concerns Of the
pa4ly, - g at Isait weeks notice one or mole
Of The wpapers o: the town, lpseifying in iuch
! tice the oSiesi or Objects OF iuch 10 ee ing.
| Art.Iz. The flares of capita! itoek at any time
ewned by any individual Stockhoider 1ag he 'ssns
I5r able Oh books OF h@ company according ID uch
rules as may ccnfornlsbiy law be eaabiiihed IN
that behalf by the Board OF Dircssors but all debts
actually due and payable 20 the company days of
| gracefor pay,neDt being paR) by Stockhoder re-,
,Gaehing. transfer, niea be lattsh.d before luch