The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-09-06
(BY AUTHORITY
LAW OF THE UNITED STATES.
AN ACT
AN ACT
To incorporate The Bank Of Washington.

- pyeSertQfives OF the United States of .d,neyI-
CT IN Congress assembled =: That from ana after
the fourth day of March,, which will be ia the
year of our lord, on- thousand eign, hundred
and eleven, all those persons, their legal repre-.
seDtstiyes or assigns, who on the first Monday
ia Sept'r, in the year of our lord, one thousand
eight hundred L nine, at the city OF w ,shing-
ton, subscribed certain articles OF association,
anu formed a company or limited Partnership,
under the name and style of " The President
and Directors of the Bank of Washington" and
who, on the SAID fourth day of March, in the
year eighteen hundred and eleven, shall held a.
NY share Of tue joint STOCK or funds, created IN
pursuance Of the said articles OF association. 6
their successors, beng stockholders as atore-
said, shall be and they are hereby Incorporated,
and made q body corporate and polite by the
name and style Vt " The President and Dircc-
tors of the Bank OF Washington :" and by that
name may sue and tie sued, implesd and be I'M
pleaded, ssIis wcr and be ans ysered, defend and
be defended, IN courts of record and any other
place whatsoever; and Ivy that nene may have
and hold. purchase, receive. possess, enjoy
and retain lands, rents, tencInsnts, here dita-
ments, goods, chatiels and effects, OF what ma
ture, kind or quality soeyer; and the Same sell,
grant, demise, alien aud dispose OF. And by
that name shall have succession, during the
continuance of this act, and may make, have
* use a common seal, and the same may break,
alter and renew at pleasure and shall have
power to ordain, establish and put IN execution,
such bye laws, ordinances and regulations as
shall seem necessary and convenient for the go
vernmen of the said corporation, not beng con
trary to law, or to the constitution ther sof; s.
generally TO do aud execute all acts necessary
or proper,for the objects Of the said incorpora-
ton, subject TO the rules, regulations, RESTRICT
ons, limitations and provisions herein described
and declared.
SEC. 2. And be At {ssrther enacted, That the
capital stock of the SAID bank shall consist ST
Eya ht,n1raI thareo.1 AntlorS Orn 90 Tho
United States, to be divided into shares OF 20
dollars each of which, ten dollars on each
share will, according 20 the articles of associa-
ton aforesaid, have been paid before The said
fourth day OF March, eighteen hundred and G.
leren; and it shall be optional with any stock
holder thereafter to fiji up his or her snare or
shares, by the payment, at any one time, OF the
sesidue of the money due thereon, VINO shall
thereupon be entitled to receive dividends i'll
future, in proportion to the whole amount paid
upon such share or shares PrOOiGed, That the
dividend or dividends OIL. sucn sums OF mo
ney so paid, shall not unIii the
first day of the month next ensuing such pay
ment.
See. 3. And be it farther enacted, That the
said bank shall transact its business IN die city
Of Washington.
SEC. 4 And be 1T further enacted, That the
AFFAIRS OF the said bank shall De conducted by
twelve directors and a president, whose place,
NAHNPb NsS AL%9N -SlAAAA bG
Supplied by that body. SIX Of the directors,
with the president, shall form a board OF QUO
rum for transacting all the business OF The com
pany. In case of his sickness or necessary alb
GenceS his place may be supplied by any uirec-
tor, whom he; by writing under his nand, may
nominate for that purpose ;--or III case
of his not making such nomination, the board
may appoint u president to act during has ab-
sence. The President and directors who may
be in office, uRder the said articles OF ASSOCIATE
on, on the sad fourth day OF March, eighteen
hundred and eleven, shall continue In Office un-
der and by virtue OF this act Of incorporation,
until others shall be duly chosen in their stead.
No person shall be 4 director or president who
- not a citizen of the United States x d stock
holder and q director ceasing TO be a stock
holder shall cease to. be a director. And no
person, a director of another bank, shall be a dI.
rector OF thus bank. Every stakeholder, being
citizen OF the United States, shall be entitled
30 vote at all elections to be holden by the stock.
holders, in pursuance of this act, and shall have
as many votes, m proportion to the stock he
may hold, ss follows: for one share and no;
exceeding two shares, one vote each for eve.
ny two shares above two, and not exceeding
Aen, one vote; for every four shares above ten.
and not exceeding thirty one vote and tor e.
very SIX shares above thirty. and not exceed
5nB slxtys one vote for every eight SHARES above
sixty, aud not exceeding one hundred, one vote ::
md for every ten shares above that lumber. one
vote But no person or pergC8s, bodies corpo-
Tate, or otherwise, shall be entitled to more
Sban fifty votes. But no stakeholder shall he
permitted to vote, who has not held his stock
two calender months prior to the DAY of electi-
on All stockholders being in The city of Wash
Ington, shall vote in The choice of directors bv
ballot in person but every stockholdcr living
out OF said city, may vote in person or by a
written ballot by ham or her subscribed with
his or her name, and duly Acknowledged before
aJudge OF a court, a justice OF the peace, or 8
notary public a certificate whereof shall be
made on said ballot by the Judge, Justice of The
peace, or notary public before whom such &C
acknowledgement shall be made, and said ballo,
shall by him be sealed up, and addrested TO the
cashier Of the bank and being transmitted be.
lore the time of the election, snail be rece, al we'd
and counted in the election. No person who
is not a citizen Of he United States shall be en-.
Titled to vote IN any ~elecLiCr OF tins corporation.
Provided neUeTtheiesS, That this section may at
any time hereafter be altered or amended bv
Congress, in such manner as they may see fiji.
so as TO provide for an annual rotation of the
directors.
SEC. S. and be At faythey enacted, That a gem
erai Meeting of the stockholders OF the said
bank, shall be holden on the first Monday of
January, IN the year eighteen hundred and
twelve, and on the first Monday Of Ian. in the
year thereafter, at such Il place rs the president
and directors snail appoint, by giving four weeks
notice IN one OF more Of the ne wspspers of tae
city Of Washington, for the purpose of ~elect,np
directors for the ensuing year, who shall meet
on the day succeeding their election. and sbsll
rrnuuQAtaNrly Ffn~aan n rhA.ul o.