Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-19
ALEXANDRLA.
OF


by associate and asree with each othci ~
conduct che business in the manner hefelhai-
ter described and specified by and under 1he
name and STYLE Of YIAc President and D.rec-
TORS OF hhe Farmers Bank Of dlcrandfza, ana
we do hereby mutually covenant and agree
tha, the following rules and restrictions shall
he the Fundamental articles of this our assoA
ciatioa and agreement with each other, cy
whichwe and all persons who at any tliie
hereafter may transact business with tnS Ss'ia
company snail be bound and concluded.
.artfcte l. The capital stock OF the sald
company may consist of One Million OF Doi-
lars divided into shares OF Fifty Dollars eace'
70 he paid as follows - Five dollars on each
share at the time OF subscribing; five dollars
more wit4in thirty days thereafter; tea doi7
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 one
hundred aud twenty days from the time OF
subsoribing--And the subscriptions towards
eonsfitutinq the said stock shall be opened at
Brooks City Tavern in the town OF A!exan-
th,ia. on Saturday the twentieth day OF DC
tober, 1910, and continue open from ten
O'clock in the forenoon unHl three O'CLOCK III
the afternoon, under the superintendent or
Taomas .Sqrann, Charles 1. carer, J@co0
af3rgan. Riehard ~ Scott, George Ceneole,
Robert Patton, Jr. AegYton Kecise, Join RtcA.
Ter and Ro6rr, r. Iayor, or 50 many OF
hem as may he present And il greater
n,In,ber of shares shall be subscribed than Is
directed by this, article, the excess shah DC
deducted from each subscriber, IN proportion
Il IN Cilil Is.
ed-Btt if the whole numbeI OF shares snail
not be subscribed within the period above
mentioned, the Commissioners shah close
the subscription book, wh.ch shall Femala
closed until the election OF the Pres.dcht ana
Directors, and so continue closed unt! the
said President and Directors shall t!hnG pro
Der to openit, who may & shati have power
50 nrsscri1e the terms aud mode o. payment,
and tire number of shares to be subscribed iof,
fcon, time to time until the aforesaid capital
ofone Million ofDolars shall be iuliy sub
.cr;led, or until the said President and Dr.
reftors shall at a full rneeting OF their Beard,
when all the members thereof shall have had
:, leasf ten days previous notice oi SUCH meet
Inc, and its OBJECT, determine finally to close
tbs said sabscr ption OF wlsich detcraltla-
finn they ehaIl give SIX weeks pubic notice,
in soraa newspaper Published "ithn the
town Of AIexapdna; NEUTRALITY-SUSPICIOUS., SO
had and published, SHALL be bindins and con-
elusive upon ali tbs members OF thus asSocias
ton.
.4,ricEe 2. The subscription being closed as
aforesaid, the Commissioners or any three
nj ,t,ein, shall Forthwith advertise meeting
ofthe subscribers, ior the. pafPose Of eiecuag
~ NJ kvh q teiS
shall be citizens of the CONFERENCE.-The Oh
Virginia, to organize and conductive affairs
of the said association, giving eight days no
tjcc thereof, and Of the timeand place where
such election Shall be held.
.4rtieIe 8. The Difectorsa thc!rhrs 1neet-
ing shall choose a President out OF their own
boly, and shall have power also TO appoint
such officers and servants under them as may
benecessary for executing the business CT
the Bank, and shall allow them such cotnpen"
sation fer their services respectively, as shall
! be reasonable; Provided, that thc aggregate
amount OF such allowance, shall never exceed
oae per cent. upon tue capital stock.
.Article 4. The President and Directors
shall determine the manner Of doing business,
and the rules and forms 10 be pursued, and
dispose ofthe money and credit ofthe Bank,
in such manner as shall seem to them best
calculated to promote the interest of the pro-
ptietors.
.4rticle 5. The second election of Directors
shall take place on the first Monday in Janu-
AIRY, 1912, and an election each year thefeat-
ter, on the first Monday in january, IN The
town of Alexandria, at such place and under
such regulations as the President and Direct
ors for the time being may prescribe.
Article s. Stockholders shall vote at all
elections for Directors by ballot, in person or
by proxy, and the nua5erof votes to which
each shall be entitled, snail be according to
& the number of shares he shall hold.