Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-09-25
Articles Of AToc;,t;;o.
Forming Company 0 limited pes4
to establish a Bank zp;tb;n9 "lnefsht
-Alexaadrio, to be de,,om;not.mae iFaa d
FARMERS BANK
OF
ALEXANDRIA

ny or limited Partnership, and ;, e'ap..
by associate and agree with ea.h 20 tGe.
conduct the business in the Name ,a 0'htr 10
ter descrited and specified by ;nt'a n.'slr'i,
name and style of Tile Preaden.sW4' 1 rd tie
tors Of the farmers Benk Of .4lie knA D"'>
we do hereby mutually co,enaag orTad
that the following rules and re,,,;c, ,"s asne
be the Fundamental: articles Of tbs ~" s'I
citation and agreement with each WI 'Se'
which We and all persons who At ss" 'l "
hereafter may transact business with T., VILE
company shall he bound and eorclrdt 'I' S9
HrHcte !. The capital stock If w.
company may consist of One Mill, r V" asr "d
lars, DIVIDED into shares o! Fifty DoIE'sa nu'
to be paid as fellows live collars On .$t
share at the time OF subscribing; five J,iv.
more within thirty day: tht,cai,cr. fan %''
lars more within forty five DAYS ,hers,f~,
ten dollars more within sixty ds,s ,Eee;Ns,'
ten dollars more within ninety GAYS ,Le,ssI
ter, and the remaining ten dollars within IN,
hundred and twenty days from tie ,;ms -
substriblng-&nd the subscrpio ions levnn
constituting the said stock shah be onercd,
Brooks City Tavern i'll tie town Of Alsy.,
dria, en- Saturday Tic twentieth dav Of o,
tober, 1910, ard Continue cpCn irm I'm
O'Clock in the forenoon until three o'clnC IN
the afternoon, under the superintendent #
Thomas Srann, Charles !. Catlen, L,J
Morgan, Fichard ~ Scott, Georee r,oe,
Robert Patton, Jr. Newton Keene, jain hat
TER and Fo6crt /. Taylor, or SO m;ry e
them as may lie present And if Greater
number OF shares shall be subscribe than i,
directed by this article, the excess shall !.
deducted from each subscriber, in p!orcr,im
to the number Of them respectively suiscij
ed-Eut if the whole number of ha,es shall
rot be subscribed within the Period above
mentioned, tie Commissioners slsD close
the subscription book, which shall remain
closed until the election Of the President and
Directors, and so continue closed until the
said Pre- sident and Directors shall think DID,
per to open it, who may & shall, have powr
to prescribe the terms and mode OF payment,
and the number Of shares to be subscribed for,
from time to tine until the aforesaid capital
Of one Million ofDul!ars shall be iuIy slb-
scribed, or until the said President and d.
rectors shall at full meeting Of their Beard,
when all the members thereof shall Lave had
at least ten dsys previous notice Of such meet
ing, and its object, determine finally TO close
the said subscription Of which determine
tor they chall give six weeks public notice,
in some newspaper published within the
town OF Alexandria; which determination, 50
had and publ. hcd, shall be binding aid ccn-
elusive upon all tie members Of this assOcla'
ton
.Arsiclc 2. The subscription being coseda'
aforesaid. The Commissioners or any three
of item, shall forthwith advertise meeting
orthe subscribers, for the purpose Of eleclDS
fifteen Directors, one third OF Whcm at least
shall be citizens of the Commonwealth Of
Virginia, to organize and conduct the affairs
of the said association, giving eight days no
tice thereof, and of the time and place where
such election shah be held.
.frHclr s. The Directors at their FIRST mecr
ing shall choose a President out Of their own
body, ant shall have power also TO appoH'
such officers and servants under them as may
benecessary for executing the business Vi
the Bank, and shall allow them such comIeln
sstion fer their services respectively as SID"
be reasonable provided that the aggrcg''I
amount of such allowance, shall never eA'e'"
one per cent upon the capital stock: 49,.
article 4. The President and DlFe''''
shall determine the manner of doing busl'sl
and the rules and forms to be pursued, ' q"
dispose of the money and credit OF the paw
in such manner as shall seem to them ''''
calculated to promote the interest OF inc p'O-
prietors. ,.rs
.Articlc S. The second election OF DlreI'u ,,
shall take place on the first Monday j, '".
airy, 1912, ard an election each year t'e'. ~.
ter, on the first Monday in January, !" I I
town of Alexandra, at such place ano D u,.a,
such regulations as the President ana INV
DIS for the time being may PRESCRIBE IF
.4rtlcle s. Stockholders shall Vo'e ~
elections for Directors by ballot, ID .shirh
-, ,x,a,, IL, 10 Of votes 10 VIZ