Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1812-02-27
"a dollars per aRnum.7

shall be subscribed for hereofsra be given by The cc
mssoners appointed IN and fnr the city Richmond or ma o
W ote in least two public azetes printed the said eite
o. Richmond; and the persons SHALL The time rotiP
place within the said city and time distance OF twenty
days from the mc OF such notification proceeding me choice
odireeors and shall be lawful such election 20 he then aud
tr made and the who shall be then coscn
SHALL be tc first directors. and shall capable Of serving ur
their shall be duly elected and t lirectos so chosen
oe me Bans at Rc,mon shall Forthwith thereafter put
oter with It's several Offices OF discount deposit into opera
so and for that purpose shall power to provide houses for
e carrying On business of the bank, together with
r aper stationary vaults and utensils suitae TO the sae.
50 at the operations the bank may be prosecuted without loss
Ee That the pla-
49, So , fials aaye FgNfr % aepgnr snch olieFs.
'us1essoi the said eoPoHiion and them such com
and i be eae OF exercising all such powers
Cor the well governing the affairs of The said as
@ o prescribed by the hyeaws ordinances and regulations OF
~ an b i further e,eea That .o following rules restrict
articles the constitution ofle said corporation.
Firslh number Of votes which stakeholder s,aJlbe
entitled shall be according to tic number Of he SHALL hold
IN the following proportions that say. one share and NOT
more than two shares. for each for every two
shares above ten and not exceeding thirty, for every six
shares above hirt, and exceeding sixty one yoe for eye
eight shares above sixty and exceeding: hundred one e
and for shares above hundred one vote But no
som ccarnersip or body petite shall entitled in his or eir
OWN right ora proxy 10 greater number than thirty Votes
and after the first election shares shall confer et Of
suffrage which shall not have been holden calendar months
frfyiousto The dly Ofeection.
Al stockholders vote in elections, ony other ons
,s isaS, y prey prIaed the PROV be derived de
citizen OF The state of Virginia. rs "
SIecondE six of tic directors elected for Rib
mond ny tie stockholders and directors elected y te
the directors elected ,v die oekholde S a< OK
directors elected by the OF The branches and ac
ally in Office exclusive of the president eligible for lie
S succeeding years but the director shall be president at
the time OF election. may awags be re elected.
blta stpekloIeg leirs the state os
IL ee s e any or an s, nor shall lie eav.,o.
mer OF the EIeeltIYe Seune Auditor Register, Attorney
eer Judges ct the superior conrts any person holding and
exercising any occ Of trust profit under States hs
director OF this fsank. ' ~
director shall be entitled any emoIument unless
the same shall have been allowed by the stockholders general
stockholders shall make such compensation to III, pes;5o,
Tor ms extraordinary services at The Banks shall appear them
FiNofcss than nine directors shall constitute a hoard Cor
tue transaction OF business of whom the president shall always
DC one except case OF sickness necessary absence, which
ease m place be supplied BY other director whom he by
writing shall nominate for that purpose the event of tls
uea Oh INC PRESIDENT or his failure TO make such nomination,
he directors tue time beings have appoint Pre-
sixtiA number Of stockholders not less than twenty who
ogecr shall be pfOpriofors of sixty shares upwards shall
have power al any time TO call general meeting of tie steko
eis Tor the purposes relative 10 the institution giving
weeks notice IN the newspapers place where Bank Kept,
and specifying suc, notice the object objects OF such meeting
seyenlyery cashier treasurer he enters on Tie
cne ms Office snail nc required TO give bandwi,
securities to the satisfaction OF The directors in sum not less
than lily Thousand doarswii condition good behaviour
EShtIIhc lands, tenepens horedtaGents which r.
shall be lawful for the said corporation hold shall be ov such
as shall De requisite for It's immediate relation to
s tansaen business and such shall have been
bona d morgaSed 20 by Of security conveyed TO in
O uch previously contracted
g purchased at sales upon Judgments which have been
obaned Tor such debts.
Nn-Lhe total amount of notes emitted into cir
cuaon by the ad corporation together with their of eve
" description shall not any time exceed the millions Of
9r Overland above the monies then actually deposited the
Bank FOR safe Keeping unless contracting of any
snail have been previously authorised by law OF state.
Ia case OF excess the directors under whose administration IT,
shall happen, shall be liable same in their natural nate
capacities and an action OF debt may case be brought
AGAINST ne OF any OF them or their heirs admins
traitors any Of record by any creditor or creditors ofo
s and may be prosecuted Judgment and
any Gono3 covenant or agreement 10 the contrary
Wstandiug: but this shall be construed TO exennt the
sad corporation orthc lands goods or cao Of the
excess.
Such of t said directors who may have absent when the
u excess was Taced, orcaicd who dssenfed
From Che resolution whereby e was contracted OF
created may respectively themselves from being Sc