Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1812-03-03

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rectors and the President shall be competsFn't
to the transaction at any business relating 20
the discountingof paper; in all other cas 30,
majority of Directors shall be required ihe
President and each of the Directors, before
he enters upon the duties of his ofhce, snail
take the following oath or affirmation: !.
~ do solemnly swear or af1fin)
that / viii inpartially, faithfully, diligently
honestly execute the duties of - OF the
Mechanics Bank of Alexandria, contorinaDly
TO the association Of the same and the trust re-
posed in me, to the best of my skill and Judg-
ment."
And the Cashier, Teller, Bookeepers ana
other Officers and servants OF this BANK shSu
also take a similar oath or affirmation.
No Director of any other Bank shall DC
Director in this Bank nor shall any person DC
Director in this Bank, who IS partner m
trade with Director of any other BANK. L
the President or any Directorate Cashier OF
any other officer of the said bank shall! be
concerned directly or indirectly in purchasing
any note or notes, bill or bills, at more than
lawful interest or discount, and information
thereof be given and supported to the satis-
faction of majority of the board OF directors,
his or their seats or Offices shall be vacated,
and the directors shall fill up such vacancy or
Vacancies.
Every Director, at the time he is elected
must be Stakeholder, and when he ceases to
be S,ockhoider, he shall cease to be q Direc-
tor, and thu remaining Directors shall on that
as we'll as on every other occasion, wherein the
situation of Director becomes vacant, sup
Div the vacancy from among the Stockholders;
and after the first election, the Directors shall
continue in office until the first Monday in jan
uary, Is IS, and from and after that period the
Directors shall be chosen by the Stockholders
for one year. No Stakeholder shall De entl-
tired 10 vote for Directors S, after the first ecc-
ton, in consequence of any stock thenheld by
him, unless the same shall have been transfer
red 10 his name on the books Of the company
at least one month previous TO such election.
All Stockholders shall vote at election by bal
lot in person, or by proxy, the form OF the
proxy to be such as shall for the trst election
be prescribed by the Commissioners, and tor
all subsequent elections. by the President and
Directors A general meetingsof the Stock
holders shall take place on the Monday fol-
lowing the closing of the subscription, at such
place as the Commissioners shall, by public
advertisement, appoint, for the purpose OF
choosing Directors to serve until the hrst
Monday in January. 1918, aforesaid, and on
the last Monday Of December In every year
thereafter, at such place as the President and
Directors shall, by public advertisement in
the Alexandria newspapers at least fourteen
DAYS previous to said election, appoint, for the
n,lrDosc of choosing Directors fer the ensuing
year
ARTICLE 5. The Company shall commence
its Operations as soon after the payment of the
Sd instslment as is convenient, provided that
TWENTY-FIVE thousand shares shall have been
subscribed, and for that purpose the President
and Directors are empowered to make choice
of building suitable for the transaction Of
the affairs Of the Company.
Article g. The President and Directors
shall have iull power to appoint Cashier and
all other officers and servants ofthe company,
to determine the security to be given by said
officers and servants, to fix the salary of the
President, Cashier, other officers s servants,
and to delray ell other necessary expenses out
of tic Joint funds OF the Company.
ARTICLE 7. The President and Directors
are hereby empowered to make, revise, alter
and annul all such rules, orders. bye laws and
regulations, for the government of the concerns
Of The company, and that of the officers and
servants. as they shall from time to time deem
expedient, not Inconsistent with the laws Of
the land, or Of these articles Of association, and
to use the credit, and employ the joint stock,
funds or property of the sail company as to
them may seem expedient, subject to the re-
strictions hereinafter mentioned.
ARr1cLE. 8. al Bills, Bonds, Notes and
Engagements of the Company Shall be signed
by the President and attestea BY the Cashier;
and no instrument shall be bipdjng on the
Joint Funds of the Company unless it shall be
so signed and attested.