Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1811-04-18
10y AatMority.)
LAW OF THE UNITED STATES.
AN ACT


OF America, in Congress assembled, That
the corporation heretofore created by
he name and t.le of the Presidr mr.,
Directors and Company Of the Bank
| Of Alexandria, by an act o. the ltgis-
lature CT the commonwe alth of Virgil
MA passed In the year seventeen hun.
dred and ninsty-two, entitled, &" An
act for es ablishing bank in the town
OF Alexandria )" the capital stock OF
which SAID bank hath been Increased
to FIVE hundred thousand dollars and
which said corporation was, by an act
OF the said commonwealth, passed in
the year eighteen hundred and one,
continued uotll the fourth day of March
ielghteen hundred aud eleven, be, and
the said corporation shall, by the name
and style aforesaid, be further con-
tinued from the fourth day of March
next, until the fourth day OF March,
eighte' hundred and twenty one, SUBJ
Ject to the regulations prescribed by
and made in the manner provided by
this act.
Sec. 2. And be it further enacted.
That the said corporation shall, by the
name and style of the President, Di.
rectors and Company of the Bank of
| Alexandria. be capable in law to hold.
nave and purchase, receive, poss IS,
enjoy and retain to them and their sue
cessors, lands, rents, tene M nts, he.
reditsments, goods, chattels and effects,
OF what kind, nature or quality soever
and the same TO grant, demise, alien
n dispose of; and, by the name a..
foresaid, may sue and be sued, plead
and be implicated, answer and be an.
| swered, defend and be defended, in
any court of record, within the Uni
ted States; and may do and execute
every her matter and thing by the
name aforesaid, that they are author
sed to do by virtue of this act Pro-
always, That the lands, rene.
49, and Entertainments, which it
sBsH be lawful for the President, Dr.
recTcrs and Company to hold, shall be
only such as snail be requisite for ,heir
immediate sccommodaticn, in relation
to he convenient ransacting their bu-
sIness and such as shall have been
bona hde mcrtgaged to them by way
OF security, or conveyed to them in
satisfaction for debts previously con-
lracted IN the course OF th~ir dealings:
Provided slso, That the President and
directors shall Mt purchase any goods.
chattels or effects, unless such as are
sold by virtue Of an execution, upon
Judgements obtained ty them, ex epe
such articles as may be for then in
;tansacting the business OF the bank
but 1t shall be lawful for them TO re-
ceive and hold such securities. goods
chattels and effects, by way of deposit
for advances made by them to any
person or persons, and, on failure of
paw ment, the same to sell AMI dispose
OF at public sale.
Sec. 8. And be it further enacted.
That the capital stock of the said bank
shall consist of FIVE hundred thousand
dollars, in shares of two hundred dol.
lars each.
Sec. d. And be it further enacted.
That every stakeholder shall be enti-
tied to vote by himself, his agent or
proxy, appointed under his hand and
seal, at all elections, in virtue of this
act; and shall have as many votes az
he has shares, as far as ten shares. and
not more than one vote for everv FIVE
shares thereafter and every stockhol-
der NAV sell and transit stock in
The bank, or any part thereof, at his
pleasure, not being less th one con.
plete share or shares the ansCer 20