Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-28

HIOutDS previous W tuS SiSSeso'1 o'" -
shall be the duty of the Cashier to make
out list olthe Stockholders thirty days
previous to an election for their inspec.
ton, and in choice Of Directors every
stockholder shall vote in person, or by
written ballot by him oriher subscribed
with bis or her name, and duly acknow-
lodged before, Judge of a court,
justice Of peace. OF notary public,
certificate whereof shall be made on said
ballot by the said Judge, justice ofpeace,
or notary public, before whom such ac-
acknowledgement shall be made. and said
ballot shall be by him scaled up, and In
his hand writing, addressed to the Cash
Ter of the Bank, and being transmitted
to said Cashier before the time OF clos
ing the election, the same shall be re.
ceiycd by the said Cashier, and deliver.
ed unopened to the Commissioners APP
pointed by the President and Directors
fng conducting the election, and shall be
counted in the choice of Directors.
And every stoekholder may sell and
transfer his stock in the said Bank, or
any part thereof, at his pleasure, not be
ing less than one complete share or
shares, the transfer being made in the
Bank Books in the presence and with
the appreciation OF the proprietor or his
lawful attorney.
Article S. No stakeholder or MEM
Der of said Association shall be answer
able for any loss S, deficiencies, or ial.
lure Of the capital stock OF the ss'd
Bank, for ANY more or larger SUM or
sums Of money whatsoever, than The a
mount of stock or shares, whch shall
appear by The books OF said Association
to belong to him or her, at the time or
times when such loss Or losses shall be
sustained, except as is herein alter pro-
vided, that is to say, Il the total amount
of debts which said company shall at any
time owe, whether by bond, note, bill
or other contract shall exceed Twice the
amount of the capital stock oEsaid Bank,
over and above the monies actually de-
posted in the Bank for safe keeping,
hen in case OF such excess, the Direct
ars under whose administration Ii sha''
happen, shall be liable for such excess
in their satural and private CAPACITIES,
and an action or actions OF debt may
ne brought against them or any OF them,
their heirs, executors or administrators,
n any court of record within the United
states, by any creditor or creditors OF
said association, and may be prosecuted
TO Judgment and execution; any condi-
non, covenant or agreement to the con-
trary Notwithstanding. but this shall not
DC construed to exempt the said body
pDlllic, or lands, tcnements, goods or
chatles of The same froM being also IL
able for, and chargeable WITH saldcxcess
provided that such OF the SAID d.
rec,ors, who may have been absent
When said excess was contracted or
created, o. who may have dis'ented
(Ho,n the resolution or act whereby
The same was SO contracted or crea-
ted, may respectively exonerate them
selves from being so liable, by forth
| with giving notice OF the tact, and
, of their absence or dissent to the stock
holder. at general meeting. which be
(: or they shail.hsve power to Call ier that
| purpose, and in case the directors by
whose act such excess shall be OCCASION
ed, snail not have property to pay the
! mount of such excess Then each and eve.
~ stockholder shall be liable In their
! private capacities, for their deficiencies
/ in proportion to their respective shares
/, in the said Bank
! ARTICLE 6. The Board OF Direc-
| tors of said Bank by majority of votes
! shall make bye laws, determine the man
! ner of doing business, and the rules and
F., forms to be pursued, and dispose of the
, money and credit of the bank, in such
manner as shall seem to them best cal
! culated to promote the interest OF the
! stockholders.
| Article 7. A majority of the whole
number of Directors shall be necessary
in the choice of President, Cashier. &
, other officers ofthe Bank, but fourmem-
bers with the President, may constitute
! a board for transacting the ordinary bn.
(, siness of the Bank.
! Article 8. The President and Di-
rectors for the time being shall have
power to appoint such officers and SER
wants under them, as may be necessary
for executing the business OF the said
company, and to allow them such COM
pepsation for their services respective
ly as shall seem reasonable, and shall
be capable of exercising such other
powers and authorities for the well go
verning and ordering of the affairs Of
the said company, as shall be described,
fixed and determined by the laws, regu-
lations and ordinances OF the SAME,
Article g. The second election of
Directors shall take place on the first
Monday it January 1915; and an cleo.
ton in each year thereafter, on the first
y r. A