Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1812-02-18

to the transaction or any DueiiiOoo oiusfios -
the discounting Of paper; IN all other cases a.
majority Of Directors shall be required, nc
President and each of the Directors, before
he enters uponsthe duties OF his ofhce' shaii
take the following oath or affirmation;
81 - do solemnly swear (sr atiinn}
that will impartially, faithfully, diligently
honestly execute the duties OF ----- OF Inc
Mechanics Bank of Alexandrla, coniornaoly
TO the association of the same and the trust re-
posed u, me, to the best of my skill and Judg-
ment.''
/. And the Cashier, Teller, Bookeepers and
other officers and servants of this Bank, snail
also take similar oath or affirmation.
No Director of any other Bank shall be
Director in this Bank nor shall any person be
a Director in this Bank, who IS partner IN
trade with Director of any other Bank. II
the President or any Director, the Cashier or
anv 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 salts
faction Of a majority Of the board OF directors,
his or their seats or Offices shall be vacated,
and the directors Shall Eli up such vacancy OF
vacancies.
Every Director, at the time he is elected
| must be Stakeholder, and when be ceases 10
be Stakeholder, he Shall cease to bea Dlrec-
tor, and the remaining Directors shall ON that
as we'll as on every other occasion, wherein the
situation of a 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 III jan
!, uary. 1918, and from and after that period the
Directors shall be chosen by the Stockholders
for one wear. No Stakeholder shall be entl-
tied 10 vote for Directors, after the hrst eject
ton, in consequence of any stock then held by
bin. unless the same snail have been transfer
red in 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
proxv to be such as shall for the first election
be prescribed by the Commissioners, and tor
all subsequent elections, by the President and
Directors. A general meeting OF the STOCK
holders shall take place on the Monday fol-
lowing the closing OF the subscription, at such
MACE as the Commissioners Shalt, by public
advertisement, appoint, Tor the purpose OF
choosing Directors to serve until the hrst
Monday in January, 1918, aforesaid, ana on
the last Monday of December IN every year
thereafter, At such place as the President and
Directors shall, by public advertisement IN
tne Alexandria ne wspapers at least fourteen
DAYS previous to SAID election appoint Tor the
purpose of choosing Directors Tor the ensuing
year.
ARTICLE S. The Company shall commence
its operations as soon after the payment OF the
Sd instalrnent 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 eholce
of = building suitable for the transaction OF
the affairs of the Company
Article 6. The Pr s.deft and Directors
SHAH nave tull power 10 ,ppolnt Cashier and
al other officers and servants OF the company,
to detsrnine tie security to be CIV by SAID
offers and servants, Fix the iary OF the
President, Cashier, olher Ulcers x servants,
and to dctray i thcr necessary X. enses out
of the ioiat iui ds ri the Company.
Article The President and Directors
arr, nercbs empuu e.cd to make, r Nlse, alter
d annul ali such rules, orders, bye laws and
regulations for the government OF the concerns
of Inc company, and that of the officers and
servants, as they shull from time to time deem
exoe,Ii.,ut. not Inconsistent with the laws OF
the lend, or of these articles OF association, and
to use the credit, and employ the JOINT stock,
funds or property of the said company as 10
them may seem expedient subject to the re-
strictions hereinafter mentioned.
ARTICLE 8. All Bills, Bonds, Notes and
Engagements of the Company shall be signed
by the President and attested by the Cashier;
and no instrument shall be binding on the
Joint Funds of the Company unless 1t shall be
SO signed and attested,
- ARTICLE 9. The Books, Papers and Funds
of the Company shall at all times be subject
to he inspection OF the Directors.