Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-09

hold the Office of Director who is not
a c;;,izen Of the United States, aud abona
6eie Stockhoider to the amount OF at least
FIVE thousand dollars. But if any person
should be elected as President or Diricto.
who shall not at the time OF MS eec-
ton be qualified under this and the fore
going article, he shall! be allowed thirty
DAYS TO quality himself, aud during the
term oil his disqualification he snail not ex-
ercise or perfosm am OF the duties appey-
tanning TO his appointment, bar Il ne does
not within this period qualify himself as a.
foressid, his appointment aaali be 'tstemsa
void, and the Board of President ana Di'
rectors NAV proceed 10 flll ti,c vacancy.
f,ticle 10. The President and Directors
shall as soon as they may deem it eSP1d'-
ent, declare dividend OF proE's, and every
half year thereafter, shali make and declare
SUCH dividends OF profit aa they may deem
prooer-bu, no diviaeal qha!. De declared
except by majority Of all ,h- Directors.
lrt:cls Il. y majority Of the whole narn-
Der OF Directors shais be necessary III the
choice Of the Fresidrm and Cashier, ba:
three members with she President may
constitute Board for ,ransactlag the ofei'
nary business OF the Bank.
,Jyt;c(s II. The President and Directors
sb,I, keen BOOB. in Which their proceed
inas, at their mseting. as 8osTd. shall be
regularly recorded, and upon every qn1s;loa
Inch may occur, ,te ayes and noes there
,ron shsi be acted, which record book
shall at all tin,es be uPsn toihe Inspection OF
auy ockhoider, net being director 9TH
Ger or s@yyaa, OF any other Bank, who shalt
sin months previous 70 his application De
the proprietor OF stock TO las amount OF
ttrec> thousand dollars.
Eyt;cle Is. Any number ct Stockholders,
not exceeding twenty, owh'ag together,
! atock TO the amour: OF fifty thousand dol
.ars, !or the space OF six months, shall be at
liberty 10 cali & me>s:ng = any time OF 'he
$40, kho,dess, s nay aqPoia: ihTee ct ;hslf
nu,cher as a committee TO eHain:ne INTO she
.,ste & condition Of l:!- oank, 4 lEr ma:sa".
in which ns alisirs nave been Conducted
proyt4eg tina, no n.n.bSs CT such cna1Es!ites
snail s,s. director, pre-Itie:.: of oiaes officer
or servar4 OF any other hank.
A,ticjc Ii The nrssldens and Cashier
sha.! resp$ctiyely give hosd aud security,
ard ,lse tske an oS;ti fox 'hs t:ItiItul dis
charge of ttie!r da1ira-the President AZ the
sur, u ,xc&ty Thousand dollars, aad thr
Cashier in thc suas Of s,i5,y thousand dol
lars: he other ctac~Is ana servants sn'st
also tzle az oath au4 en.rf mo bond & Sc
cu,i,y, IN ,uGh sua,s as tss- trestden! ans.
Directors nay prescribe
8yt:.l, IS. Ih2 total amount O. Bank
Notes ard al! o,aer engagements CT the
t>aal, tcr ~ payment OF ."oney, snail ne
yer exceed Inc amour; d BANK o"ri's', snd
he ancurt C monies drPos,sec! n.tauk so'
sz!s keeping: 1t bcias ,h: decide, 'ass mon
oF ;l,is article, ttat nc engagements Ct the
Bank ioy tbs payment Of money, shsls II ''u
;,-r.ncg u hatever eSreed i,S actual and et-
.fcient means oi payment.
kr1;3Is Is. Al bills, bonds, notes aad
every c,,,;rac, or engagement on o@ha!i OF
he Company for TIC payment OF moaey,
shall be gisred by The Prrsident snd coun-
teysi ans d by tbs Cash;er, aad the funds OF
the Company shall in no case Dc liable io'
any contract or engagement, unless 'hc same
shall be signed aud eounsefs'saed as asoic'
said. -,
Ayt;cl ~. The Shares Of the Capital
Stool, shall be transferable at any TINS, &C
cord.ng to such rules as may be established
hv tho President and Directors. but no
s,ocl shall be tt transferred, the hoider there
.; being indebted to the Bank, Until such
deb, be satisfied, except the President and
Directors shall otherwise order IT,
Art;cls is. Every Ssoekholder, whether
he be so by original subscription by trans
fer. shall be considered as a member OF :tiis
association, aud WHEN he ceases to be
stockholdsr he shall cease 10 be 'nsnaosr.
drtic!e 10. Il shall be the duty OF the
D;Jr+ Gn.waOse absence the Directors