The enquirer. [volume] (Richmond, Va.) 1804-1815, 1812-02-18

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"A uditor, Register, Attorney General, Judges
of the Superior courts, nor amy person hold
ing any Office of trust or profit under the
u. S., to be director of this Bank.
4th. The Stockholders may make rca-
sonable compensation to the President for
his extraordinary services ut the bank but
no director is to have any emolument. un-
less allowed by the stockholders.
5th. Not less than to form 4 board of d.
rectors &c.
9th. A meeting Of stockholders may be
called by number not less than 90. who to-
gether shall be proprietors of 90 shares at
least.
9TH. Every Cashier to give bond with one
or more securities In a sum not less til an
$4,000.
9Th. The lands, tencncnts &c. held by
the corporation, to be such only as may be
necessary for its own immediate accommo-
dation, or mortgaged to it by way of secui.
ty, &c.
9th. The amount of notes emitted, toge-
Their with all it's debts, shall not at any time
y exceed S6,000,o00, over and above the mo-
MES then actually deposited; unless . great
err debt may be previously authorised by
law of the state.
In case of excess, the directors to be La
BILE in their private capacity-yet such as
were absent when the said excess was con-
tracted, or disscnted, may eXonerate them
selves by giving notice oe the fact, to the Ex-
ecutive, to be recorded in that department *
communicated by the Governor to the Le-
3 gislature and by forthwith giving such no.
tice to the stockholders at Il general meeting
which they shall have power to call for that
purpose.
10th. The bank not to buy any public
stock, except their own, and this too to be
sold out ut par or above ii, as soon as conve-
nient and the number of shares so purcha-
sed not to exceed 15O0-nor shall they deal
in any thing but bills of exchange, gold or
silver bullion, or in the sale of goods really
and truly pledged for money lent and not re
more than at the rate ofhalf per centum for
80 days on account of its loans or discounts.
18th. No loan to be made to any govern
ment, without due authorization by law.
18th. The stock TO be assignable & trans
ferrable, sc.
18th. Bills of credit, under seal of the said
corporation, shall be assignable by endorse
ment.- Notes, signed by the President and
countersigned by the Cashier, though not
under seal, shall still be binding upon the
corporation, and shall be assgnabie and ne
gociable, as ifthey were issued by private
person; that is to say, those which shall be
payable to a person or order, shall be as
signable by endorsement and those payable
to bearer, shall be negotiable and assigna-
ciable at the said Bank are placed on the
same footing as foreign bills of exchange
so that the like remedy may be had, against
he.drawer or endorsers, except SO far as
relates to damages.
18th. Half-yearly dividends shall be made
OF so much OF the profits of the Bank as shall
appear to the directors advisable; and once
IN every year at meeting to be held for the
choice OF directors, those of the preceding
DetOre he L pld
exact statement OF the general accounts &
state of the corporation.
18th. The Legislature shall be annually
furnished, if they require it, with state
ment of the capital stock, the debts due to
1t, mouies deposited, notes in circulation
cash on hand-they may inspect such gene
raj accounts on the books as relate to this
statement but this shall not be construed
TO imply the right of inspecting the accounts
OF Individuals.
10Th. The directors shall keep a journal
of their proceedings, on which Shall be en-
tered the ayes and noes, if required by of
them-these minutes to be at all times pro-
duced, on demand, to the stockholders at a
general meeting, to- the Legislature or a
committee thereof
18TH. No President or Cashier to deal in
any of the public stock or funds under the
penalty of $4,000; nor shall the Cashier
carry on any other business than that of the
Bank under the penalty OF 5000.
A correct list of the stockholders to be
hung up at least one month before an cleo
ton of directors, with view of giving pub
lie Information to the parties of their CO.
proprietors.
The. capital stock of the bauk shall be dis
tributed among the several banks in the Sc
veral proportions, to wit: to Richmond,
one fourth thereof; to Norfolk. one fourth
thereof; and to each of the towns of Lynch
burg, Winchester, Petersburg and Frede-
ricksburg, one eighth thereof. And the di-
rectors of the bank at Richmond shall not
: have power to alter the above proportions
The notes of the said corporation origi-
nafy made payable, or which shall become
payable on demand, in gold or silver coin,
shall be receivable in all payments to the
Commonwealth of Virginia.
No notes to be issued for a smaller sum
than S.
No note to be negotiable at the Bank, un-
less 1t be SO expressed on the face of the
saidnote.
TO THE EDITOR or THE ENQUIRER.
SIR,
If am not greatly deceived in the
present state OF the public mind, that distin-
guished patriot and orator Mr.. John Ran
dolph is not so much general favorite as he
formerly was, and infinitely less so than he
deserves to be.
take it that this change is to be attribu-
fad