The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-08-22

for every ten flares above that number vote but
no perlon or portions, bodies corporate otherwe,
lha I've entitled to more than fifty votes, and no
Stakeholder halib be permitted except at the
EirH election, who has held his itock for thirty
days prior the election and all ftockhoders ihall
vote elections by ballot, in perfon by proxy,
which proxy, in all elections after the 6rlt hall b.
made in .uch form as the board of Directors fa APP
| point.
Art. s. a general meeting of the flock holders OF
| the company ihall be holden on the iecond Monday
in November in every year, Except the preient) at
iuch place as the board of Directors a appoint, by
giving four weeks notice in of the news
payers of Alexandria, for the purpoie OF eleGing D-
reos for the enluing year, who iha take their eats
| at the board the iucceeding day, and Immediately
proceed to elect the Preident But for the prefent
year. for the immediate organization of the buff
nes OF the company, the election fall be holden on
the iecond Wednelday in September next under the
direstou of the conniiiioners appointed TO receive
| fubicriptors
| Art. Z. The board of directors are hereby fully
empowered to make, reve alter, or amend all fuch
rules, orders, bye laws and regulations for the govern
merit of the company and that of their officers, fer
and affairs, as they, or a majority Of them hal
from time time, think expedient, not inconfiftcnt
with law thefe articles of afocation and to ue,
employ and difPofe of the joint flock, funds pro-
Perty of the faid company Qubje only to the reric-
lions herein after mentioned) them or a major
| ity of them may feem exPedent.
| Art. s. All bills, bonds, notes and every contract
and engagement behalf of the company for the pay
ment of money hall be figned by the PRECEDENT and
counterignedor atefted by the Gather of the sompa-
NY and the funds of the company iha in cafe be
held refponiSle for any CONTRACT engagement what
unies the fame fhall be 70 6gned and countergn-
ed or 'atteaed as aforefaid.
Art. 9. The books, papers, correspondence and
funds of the company iha at all times be fubect to
the INFECTION of the Directors.
| Art. 10. The faid board of Directors fhall have
power to appoint Gather and all other officers and
isrvants Tor executing the buiinefs of the company
and to eitablh the compensation to be paid to the Pre-
fdent and all other officers and fervants of the compa
ny respectively and which, together with all other ne
eeiiay eSPences ha be betrayed Of the funds of
! the company.
! Art. IL. "A msjority of the Directors fhall have
power to call general meeting of the Stockholders
Tor the Ppole relative to the Of the company
giving at Leaf weeks notice in one or more of the
newspapers of the town, pecyng in fuch notice the
object objects of fuch meeting
Art. ~. The flares OF capital flock at any time
owned by any individual Stakeholder fha be transfer
able on the books of the company according to flch
rules may conformabIy to law be eftabhed in that
behalf blythe directors but ali debts actually due
and payable to the company days OF grace for payment
! being paft) by Stakeholder requeRing transfer,
mutt be iatsed before uch transfer ihall be made
uneis the Board of Directors ha direct to the contra
ry.
2 Art. Is. No transfer CT hoc. in this con,pa,iv
ihal be confidered binding upon the company uu-
les made in book books to be kept for that purpofe
by the company and it is further expressly agreed and
declared that any Stakeholder who fall transfer in apy
manner aiorefdd all his flock flares in this conlpa-
ny to any other perion or perfons whatever, 1ha
thereupon ceate to be member of this company; and
that any pcrion perfons whatever who Hall accept
transfer OF any flock ihare in this company hall
thereupon become and be member of this company,
according to theie articles of alocation.
Art. IA. 1t is hereby expressly and explicitly de-
cared to be the object and intention of the perfons
who Allocate under the or firm of" The Pref
dent and Directors of the Bank of Potomac" that the
joint ftocl property of the fad company Executive
OF dividends to be made in the manner hereinafter
inentoned hall alone be reponble for the debts and
engagements OF the iaid company and that perlon
who iha or may deal with this company, or to whom
they ihall or may becomein any wife indebted ia on
any Pretence whatever have recoure agan the fepa-
rate property OF any preent future member of this
company, againit their perfons excepting the off.
GERS and fervants Of faid company in regard to the
faithful dcharge OF their REFLECTIVE duties in the con-
duct of the affairs and administration of the funds of
iait company; but all perions accepting any bond.
bill, note, other contract of this company gned
by the PRECEDENT and counterigned by the Gather of
the company for the time being dealing with it in
/ any other manner whatioever, thereby respectively
give credit to the aid joint Rock or property of the
fad company, and thereby respectively difavow ha-
wing recourle any pretence whatever the perfon
or ieParate property Of any Prefent future member
OF this company, Excepting before mentoned)--
And all iuts to be brought again this company (f a.
ny iha be) fhall be brought aganl the Preldent for
the time being, and i'll cafe of his death or removal
from Office, pending any fuch luit againh him. mea-
lures ha De taken the expence Of the company for
iubititutiug his iuccenor i'll office as a defendant 10
that Perlons having demands upon the company may
not be PTcjudiced delayed by that event or if the
Perlon flung hall 20 aganlt the perlon firH named
az defendant (notwithfandng his death or removal
from oiice) this company haiI take no advantage by
writ OF error otherwc, Of iuch proceeding on that
account; and all recovery had in manner aforeiad
bal be conciuiive upon the Company 70 far as to rem
der the Company faid joint flock or property liable
thereby, and further; and the Company fhsll inn
medstely pay the Of uch recovery out Of their
joint flock, but not otherwic. And in cafe of anv
iut at law, the Prelideut ha ign his appearance t,-
on the writ, or file common bail thereto it being ex-
presy undertood and declared, that all perfons deal
ing with iad Company, agree to theie terms and are
bound thereby
Art. H. Dividends Of the profts Of the Company
or 70 much of laid profits a be deefred expedien,
and proper, Ghal BE- declared halls yearly in the ira
! week il May and November, IN each year the A.
I mount Of iuch dividend fla, from time TO time be
determined by the Board Of Directors at a meeting
held for that purpole, and fall in no cafe exceed te
amount Of the net profits actually acquired by the
E. 4 ~