Berkeley and Jefferson intelligencer. [volume] (Martinsburg, Va.) 1802-1810, 1807-02-06

be sianafsd BY ten directors and presi
dens seven Of whom, Ahd the president
shall reside ID yvaskington county |; ON,
in Baltimore county, one in Fredericl
county, md one IN AnegAny county
these directors shall be chosen by th,
stockholders ID person or BY proxy, Il
Haeers- Town, on the 6rst Monday Il
Nay, 1905, and on the FIRST Monday !,
Nav 10 every year thereaftef and she,
the ssate acquires the right Of choosing
director, the Stockholders shall choos,
one director lcssin Washington county
and until the election for directors, as .
foresaid, 10 order that this institution
may 20 into operation a. soon - convent
emily nay &c, de aifiirs Of the bank shat
be conducted BY Nathauiel Rochester. ..
presidency and Ellie Williams. .,Thoma.
Sprigs, William Fitzhueh, Charlie.
Carroll, Jacob Zeiler, Samuel Hughes,
jun. William Hsyser. Samuel Clagett
(Balsimore) John N'Phsrson. (Frede.
rGf. Towr) and william M'Mahon,
Alles .ny as directors, who shall haxe
the' power 70 appoint cashier aud such
other officers a. they shall deem necessa.
~, and ,hall act IN IN other things rela.
tive to this institutron, a. fully % the
president and directors, hereafter to be
appointed BY the stockholders, shall be
authorised TO do, etcept that the con-
.pensation 70 be allowed to the presiden,
Of the bank shall be 6xsd and determined
BY the first directors 10 be chosen by the
stockholders. =. -, IL MI ,
=. Arficles: Inehoos;ns directors. The
stockholders shall be sntiilsd to vote as
follows, Fur one share, and not exceed.
ing two, one vote; for es cry two shares
above two, and NOT excsediug Ten, one
vote for every four shares sb6Ss; ten,
and not exceeding thirty. one vote I .fo'
every six shares above GIirty, and not
exceeding sixtys one vote; for every
eight shares above sixty. and not exceed.
Ing one hundred, one vote and Tor eve
ry ten shares above one hundred, ous
vote hnt no person OF body polite shall
be entitled TO ! greater number than thir:
ty votes, and all votes n eleetioas foI
directors shall De by ballot, delivered il
person or by proxy. - -, - - -:
Arteiee. Eoperson shall Be- admisses
% take his seat as director, unless h
shall be at the time q stoekholder, and 1
he ahall At any time cease TO be q stock
holder, he shall cease to-be adirector.
Artiete 10. If the president shall B,
chosen hereafter out Of the member Of di
rectors, his place shallhe supplied BY In
directors from among the stockholders
If q vacancy, shall 1t any time happen a
monF the directors, by death, lesigna
ton or otherwise. the directors shall {
lsct another 20 GIL the, vacancy for the re
rnainder Of the, year. from among IN
stockholders, and L.. Use Of sickness, o
necessary absence, Of the prrs;dent. 4
shall, in writing, appoint one ofthe bear
ofdirsetors To act a. president pro tenn
pore. ::: p. -. >. -
Article II. The beard Of director
shall have power U appoint q presiden
and other officers and servants. for con
Quoting the business Of the company, an
shall 6x the Compensation to be allowe'
them: which expenses shall be defsye
out ct the funds Of the company. =
The board Of directors shall also hav
power % purchase, lease or rent propr
building, in Hagerss Town: for the banl
at.he expeuee otihe company ;they cha
likewise have power to make. revise, a