Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-05
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by associate and agree with each othef ~
coadac; he business in the manner hercihal-
Ter described and specified by and under tne
na,oe and stvie Of The President and O!rte-
fors 5f .he F4f Raers B4nk u 4leclndila, ana
we DO aereoy ynupu>iiy covenant ana agree
that the folio Wing rules and restrictions S'aii
be tie In l,iamenta articles OF this our asso~
ci.tioa and agreement With each otaet, oy
wAich We and 40 persons who at any u'ii7
hereafter may transact business with the SAID
company shall be bound and concluded
.aracfe | The capital stock OF the said
company may consist OF One Miihon of DOS
lars. divldsd into share Of Fifty Dollars each,
70 be PAD as follows - i've dollats on each
scare at the lime OF subscribing; i've dollars
more atni ttlirty days GREATER; ten dol
lars more wi5aia forty five days thereafter;
ten dollars more WITHIN sixty days thereafter;
ten dollar. more within Dinet! days therea'-
ter, aud ths remaining ten dollars within one
hu .dred ana twenty days from the time OF
subscribing nd the subscriptions towards
coas ilutin4 the said stock Shall be opened at
Proon's ls;y ia.en in the town OF AleXair-
Gfi4, on Satuldy the twentieth day OF DC
tober, 1910, and continue open from ten
O'Clock N tho forenoon until three O'CLOCK ID
the ah.rncon, unGer the superintendance CT
Tomas S.rann, Charles /. Catle't, |ac0o
Niorgua, klchard NJ Scott. George Usneale,
LD6elt Potion, Jr. NeUton KrrRe, John htcA.
TER aud hcbcT1 I. Taylor, or 50 many OF
them as may be present: And II greater
numhe, OF SHARES shall be subscribed han Is
d rccted by mis- article, the excess Shall De
deducted from each subscriber, III proportion
q the numb rby them respectively su lscilo
eG-But l. tie Whoie number OF SHARES snail
not be subscribed wlthin tho period aooVe
meaticnea, tae Commissioners SHALL close
Inc suDscripGoa book, wnCh soil remain
closed un,ii tae election OF the President a''d
Directors aad SO continue Close III the
.,il President ard Directors snail thlnk pio
ncr 40 o3ea. il, who May * shai haze pow L
10 prescribe the terms and mode oi payment
anu The M. aber OF SHARES ~ DC su1s~ft9ea ioi,
from time ID time uatll tue aforesaid c"ple'l
of one Million OF Dollars saaii DC iutly STD
s,ribed or until the said PresldeRl and DI-
rectors shall at tuil meeunl. o. their Board
y hen al Tie members thereof Shall have had
at least zen ri.ys precious notice OF sucn meet
ing, and its object, determine hnaiiy TO close
TIE said subscription /; OF WHICH deteinih"-
tor t4ey ahall give SIX weeks Puoilc notices
IN some newspaper published within the
WI OF Alexandia Umch determinations 50
had and pubished, snail De binding and con-
c'asive upon all the members OF this asso,Ia'
t;oD
.fuiele 2. The subscription being closed as
a(oles al, the Commissioners or any three
O. tnem Shall forthwith advertise meeting
-,ofihe 'ubs.I ibeys, ior the purpose OF Gi2cun5
: Fl teen ID secyors, one third OF whom at least
shall be citizens vi the COMMANDMENTS OF
Virginia 10 organize and conduct the affairs
of the SAID associ alion giving eight days no
tee thereof, and OF The time and place whSre
s4ch election shall b. held
Artitl s. The Directors at their first meet
.ipg shall choose President out OF their own
bo4y, ans. shall nave power also to appoint
such officers i4..d servants uadsr them as may
lie necessary for executing the business OF
the Bank, and shah allow lhcm 81 n compen-
sation fsrlhcir services respectively as shall
bereasonAb,e: PrCVldeG that the aggregate
amount ofsuch allowance, Shall never exceed
ole per cent III or the CAPT al stock
.drucie 4. The pfcsiGent and Directors
shal determine enlanncr OF doing business,
and the ruies an, fcrmsIo be pu sued. and
dispose Of Tie moeey and credit ii The Bank,
In sueh manner a, snail seem to them best
calculAtel TO prcmo.e the ntsres' OF tue pro-
p.i,so
II, ticle s.. The second election OF Di ectors
shall take place On thc first Monday IN Jenu-
cry, 1912, and an election each year t'ereat,
ter, o. the frs, .Ontlsy in Ja,,u ry, In ,Ae
town of Alexandria, at such pl.ce and under
such re gula,iors as the prs sioenl and Direct
lors for the time bains, may prescribe.
Art,cte Ato khelders Shall vote At all
Se.ectians for D rectors by ballot, In person Or
BY proXy, an1 the number of votes 10 which
each shall be entitled, snail be according to
the uumber OF shares ne shall hold.