Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-09
OF
4LExdNDPL4.y

4 , the Subscribers have formed Colnpa-
aly or limited Partnership, and DO mere
by associate and agree with each other 10
scondacs Che bukiness in the manner hereihal--
ter described ana specified by and under the
name and stylc Of 7be President ara iJ'ftc--
tors Of lie Ia, plers Bank Of .7tera'd'aa, ana
we do hereby mutually covenant and agree
thar the following rules and restrictions snail
be the fundamental articles OF this our assoc
citation and agreement with each other, by
which We aud all persons who at any time
hereafter my transact business with ths SAID
COMPANY shall be bound and concluded.
.drsicle /. The capital stock OF the SAID
company may. consist of One Million OF DOT
lars, divided into shares of Fifty Dollars eaca,
to be paid as follows 49, Five dollars on each
share at the time of subscribing; i've dollars
more withia tRirty days thereafter; ten dol
lars more within forty FIVE days thereafter;
ten dollarslaore within sixty days thereafter;
ten dollars more within ninety days theFeas-
ter. and the remaining ten dollars Nlthia one
hundred and twenty days from the Tune OF
subslribing-- nd the subscna IONS towards
constituting the sa;dstoca shall be opened at
Brooks Clty Tavern In the town OF AisXan--
dria, ON Saturday TIC twentieth day OF DC
tober, 1910, ard continue open from ten
O'Clock I'm the forenoon until tarec O'Clock In
the afternoon, under the superintendaace or
Inonas Sqrann, Chgrles (. CG:teit, J4coo
liarg,la, Richard ~ tco!, George Dsnealr,
Ro6eyt Pqi.o., IL. Ns~Re,l kesnc, John R'c1.
Ter and Rc5cft I. Iay.or, or 50 many OF
them as may be present AID If grca,er
number OF shares, Shall be subscribed hans IS
Il al hGi "a
deducted from each subscriber, in proportloA
10 the rumber by them respectively supsctlo'
eS-Bat If the waoie number OF shares hhaii
not be subscribed within the period above
mentioned, ;he Commissioners shall close
the subscription hook, which shall fenaih
closed until tne election ct tac President ana
TsrectorS, ara so continue closed until tic
SID President and Directors shall thins pro-
.nerto open It, vino may & snail have power
10 nrssc.ioe thr terms and mode otfiyment,
ARD Inc nun Der Of shares to be subscribed icr,
fro., time 10 time until the aforesaid capital
oeone Million of Dollars shall be folly sub
SERTED. or uaiii The said Prcsidenr and Dt-
rertors shall at a fun lueeting OF thcir Board,
:, 5ssa All ,ha tnem5ers thereof Shall lave i,ed
.at least ten o.ya Previous notice OF sucn meet
Scripsion OF which acter-rln&-
-,isn hey .h~I' give SIX weeks pu6iic notice,
in sono newspaper Pnohsned WITHIN the
itewa oG Alexandria; whlch ccteTnllnalop, 10
abaa ANA pu5lisned, shall be hindlns and cc'l-
c,ssiye upon ali the members OF this asso>lA,
ton,
.4g4icie 2. The subscription being closed as
saforesaiil, the Commissioners or any inree
.of4he.n shall forthwith advertise meeting
oftbe subscribers, Tor the purpose CT ciectin5
Htesn Directors, one third of whom at least
sb,jl he citizens of the Commonwealth OF
Virginia to organize and conduct the affairs
of the said associations, giving eight days Nc
rice thereof, and Gf the time and place where
such election Shall be held
4reel- 8. The Directors at their FIRST meet.
iae shall Choose President Qua of their own
holy, ana snail have power also to aPPoiSt
s,h.h officers AID servants under them as ralsy
DC necessary for executing the business OF
She 8ank, aud shall allow them suck co,npen-
sstion for their services respectively, as shall
be reasonable: Propided trat the aggregate
amount of suGh allowance, shalt never exceed
one per cent. uponthe eapt al stock.
.Irficle 4. The presi'eAI and Directors
@shal, dete rhine tie manners Fdoln9 business,
and the rues and forms TO DC pursued, and
dispose of the money and credit CT the Bank,
in sucn manaer -as shali seem to them best
calculated to promote TIE interest OF the pro-
prietors
.4rticte 5. The second election ofDirectors
shall take place the first Monday IN Janu-
airy, 1912, and an election each year thereat-
ter, Oh the first Monday in January, in the
town of Alexaelria, atsuch place and under
such regulations rs the President and Direct
ors for the time being may prescribe.
.Art,cLe 6. Stockholders shall vote at all
elections for Directors by ballot, IN person or
by proxy, ana the number of votes to which
each shall be entitled, snail be according to
3 the number at ssaYes he shall hold.