Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1811-04-25
az - Gems Si7qh.1

S'i> "1NS nc en- regulated
y the laws and ordinances OF said
corporation.
Sec. S. And be it further enacted
mat no director shall be ent;tIed -
any emolument, unless The same shall
'sVe been allowed by The stockhold.rs
! It general meeting. The d;rec,a.s
man make such compensation to rhr
rresideot, for his x.raordipprv ~.
tendance at the bank, as to them III
appear reason lbic.
Sec. 6. Add be IL further er,.1
That the direc, ors for the ,;me -.
h'ii have power TO appoint such oe;
Ger and servants under them. 40 ~,
necessary Tor ex cutting the busin 80
~ The sad corp ration, ana tn all. ~
IN such compensation Tor their go.
wees respectively, as shall seen, r..,
sonahio aud shall be cap bic Of -x-r-
Iislng such oihes ppw RS and au,hrr,-
nes for tn well governing and ora, -
ing of the affairs of the said coroo,a
non as shall be described, fixed ard
d termined by he laws, regulations
a"d ordinances OF the same:
Sec. z. Add be it further enac,ad
mat the President and direct rssbali
determine the manner of doinr he,
nc s, and the rules and forms ,o +.
pursued, and dis ose Of the money
and credito the Ba K in such man
ner as shall seem TO them hest ri
oulaed to promote the in,erest n ,hs
proprie ors.
Sec. 8. AMI be il further en,c.ed
FRAT stockhoIder shall vote a. ALI
-c'i2ns Tor direcsors, by ballo,, in pr.
on, excep those who sha reside orr
OF the wn of Alex ndria, who NAV
vote either in person, or by wr;tten
ballot, y ham or her su5scrib d s,tn
as or her name, and duly acknowi.
cdeed b;tore a judge Of "a court. a
justice OF re pc or notary pub
TIC; certificate whereof shall he
made on sad ballot, by the said iudoe
JUS ice Of the peace or notary Dublic
before whom such ae!to VII,
"aI,Or shall
nc sealed up and directed 10 III cash.
Ter Of the b, nix and lie rms
to said shier, Def r. The time
t the election, shall be received and
counted III the choice OF dirsctcrs-
NO share or shares shall confer right
IT suffrage, which shall not have been
holden two calendar mon his previous
TO the day OF election and The mum.
Der or votes TO which ach stockhol-
der shall be entitled shall be in pro-
portion to the number of shares he
shall hold, as follows : For one share.
and not exceeding Two shares, one vote
each; Tor evers two shares above two,
md not exec Dig ten, n vote COR
very Jour sha e. above n, and not
exceeding thirty, one vote for every
TX shares above thry, AMI not x
ceedIng slxty, one vote for fyetv
eIght shares sbove sixty, and not tx.
ceedIne one hnadrod cue vote and
Tor evsry len snrrs above mar
-'"'noers one vote but no Pc rson or
persons, bodies corporate. or otHer-
wise, shall b. entitled to more thap
nifty 70 es Provided, In this =
LHn may at any time here ifrer be l.
tered or amended by Congress, in such
manner, as they NAV zee 81, so ss 70
provide Tor an annual rota ion os d.
rectors.
Sec. 9. Ard belt further enacted
That one month previous to each -
lection OF directors, the cashier shall.
Cause % be made out corr. c, list OF
all he stockholders, which shall be
subject to the inspection of any stock,
holder.
Sec. 10 And be it fur.her enacted
lhat no person STALL be eli2 DE q.
hold the Office Of presiden: or director
who is not citizen of the United
ot tes and bona ide sto akholdsr.
Sec. II. And be it turther enac.ed.
That maio ity Of the Who'll numhsr
OF directors shall be nee ssa v il lbs
hoice OF PRECEDENT AID ca her; bit
three mem ers with tie president,
may constr utc board for trans ctiac
the ordinary business of the back.
Sec. II. And be further enact a..
That the president and direct rs shall,
as soon as they may deem il x7c'i-
ients declare dividend Of profit end
every hslf year thereafter shall 10 ke
and declare such dividend Of prt6
as they may deem rr per ~, no d..
viderd shall be d ella Cd, except b. q
majority Of ali the directors.