Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-16
ALEX ANDRfd.

the subscribers have formed a Compa-
nv or limited Partnership, and DO here
by associate and agree with each other TO
conducts the business in the manner herelhai-
Ter described and specified by and under the
name and stvle Of The President and Dlree-
(, tors ofrhe Farmers BaaS Qf.a!c eandria, and
we do hereby mutually covenant and agree
that the following rules and restrictions shall
be the Fundamental, articles OF this our asso~
citation and agreement with each other, oy
which we and all persons who at any Tune
hereafter may transact business vito inc sald
company shall be bound and concluded.
.Aracis /. The capital stock OF the SAID
{ company may consist ofOne Wilton OF DOL
! lars. divided into shares of Fifty Dollars each,
,o he naid as follows Five dollars on each
share at the time of subscribing; FIVE dollars
more within thirty days thereafter; ten dol
lars more within forty FIVE days thereafter !;
ten dollars more within sixty days thereafter
ten dollars more within ninety days thereat-
ter, and the remaining ten dollars within enc
hundred and twenty days from the time OF
subs1ribing-- And the subscrip ions towards
constituting the saidstock shall be openea at
Brooks City Tavern, in the town OF Alexan-
tlria, on Saturday the twentieth day OF &c
tober, 1910, and continue open from ten
o'clock in the forenoon until three O'Clock In
the afternoon. under the superintendent OF
Inop,us tSzoann, Charles 1. Catleft, Jacoo
Morgan, Richard III Scott, George Deneale,
Rs5ert PQtto,., Jr. Ae7pton Keene, John hieh.
ter and Ro6ert I. Taylor, Or SO many OF
hem as may be present: And if 4 greater
npr,ber az shares shall be subscribed than Is
directed bv this article, the excess snail De
deducted from each subscriber, IN proportion
to the nu,nberby them respectively su6sciio.
ed But If the whole number OF shares slAii
moi be subscribed within the period above
,,,e,l;anea, the Commissioners shall close
4 the subscription book, which shall remain
closed until the election oil the Presioeht anu
Directors, and SO continue closed until tile
said President and Directors shall THINK pro-
pcr 10 open it, who may & shal nave power
10 nrtscrI5e the terms and mode o. payment,
and the number of shares to be subscribed ior,
from time to time unth the aforesaid capital
of one Million otDoliars shsll be fully s@o-
s.r;hed. or until the said President and Oh
rettors shall at a full nceting OF their Soard,
when all the members thereof shall nave had
at least ten DAYS previous notice OF Such meet
inr, and its object, determu1e finally to close
the said subscription; OF which dctermina-
tion they snail give SIX weeks public notice,
In some newspaper published WITHIN the
town of Alexandria; which determination, SO
had and published, shall be binding and con-
elusive upon all the members OF this assocla.
ton.
4r,icle 2 The subscription being closed as
aforesaid. the Commissioners Or any three
of chem, shall forthwith advertise meeting
ofthe subscribers, fof the purpose ct clectlng
f.{ecn Directors, one third Of whom at least
shall be citizens of the Commonwealth OF
s Virginia, to organize and conduct the affairs
of the said association, giving eight days no
tice thereof, and of the nine and place where
s such election shall be held.
.Aytitlt 5. The Directors at their ErSt meet
sine shall choose a President out OF their OWE
holy, and shall have power also to appoint
-such officers and servants under them as may
F.be necessary for executing the business OF
rrthe Bank, and shall allow them such compen-
rsstien Tor their services respectively, as shall
be reasonable: Provided, that the aggregate
<Samount OF such allowance, shall never exceed
]. one per cent. upon the capital stock.
.4rtscts 4. The President and Directors
!. shall determine the manner of doing business,
and the rules and forms to be pursued. aud
= dispose of the money andcredit ofths Bank,
! i'm such manner as shall seem to them best
calculated to promote the interest OF the pro-
prietors
.4rticle S. The second election of Directors
s=shall take place on the first Monday in Janu-
airy, 1912, and an election each year thereaf-
ter, on the first Monday in January, in the
) town of Alexandria, at such place and under
S such regulations as the President and Direct
rors for the time being may prescribe.
.4rtrcle s. Stockholders shall vote at ali
selections for Directors by ballot, in person or
by proxy, and the numberof votes to which
each shall be entitled, shall be according TO