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

THURSDAY, OcToBER %, 1873.

same shall have been allowed BY the (,
stockholders at general meeting, but
the Directors shall make such Compcn. !
sation to the President for bis extraor-
binary services and attendance at the |
Bank as shall appear to them reasonable.
Article. II The President shall give
! bond and security tor the faithful dis.
charge of his duties to the satisfaction
of the Directors The Cashier, other Off
GERS and servants shall take an oath or
affirmation and give bond and security
to the satisfaction of the President and
[ Directors for the faithful performance
Z; of the duties of their several officers.
Article 70 All bills, bonds, notes and
every other contract or engagement on
behalf Of the company shall be signed
i! by the President and countersigned by
| the Cashier, ana the funds Of the COM
pany shall in no case be liable for any
contract or engagement unless the same
shall be signed and counters.gned as
aforesaid, and the President and Direc.
tors shall not issue any note for small
| er sum than one dollar.
Article 10. In case of the death,
disqualification or resignation, of the
President or any Director, or any Off.
Ger Or Servant of the said Association,
the board of Directors may, at their next
meeting, fill such vacancy-And IN Case
| of sickness or necessary absence OF the
President, his place may be supplied by
:. Director to be appointed President
pro tempore, BY the President, and on
his failing to make such appsintment
by the Directors.
Article H. A humber Of Stockhol-
ders not less than forty who together
shall be proprietors of twenty thousand
shares or upwards, shall have power at
any time to call general meeting Of the
stockholders, for purposes relative to
the institutions, giving at feast SIX weeks
notice in one or mare newspapers ln the
Town of Alexandria, Leesburg & Win.
chester, specifying in such notice the
object or ohIects OF such meeting.
Article 5 II any STOCKHOLDERS should
fai! to pay up the several lnstailments
upon his subscription. as the same may
bacuue due, his dividends upon such
miscellaneous as he may have paid shall
cease ss TO him, and remain TO the use
and benefit of the other members OF the
company.
Article Is. The President and Di
rectors, shall as soon as they may dceni
it expcd,ent, declare dividend OF pro-
fits, and every half year thereafter shall
make and declare such dividends OF pro-
fits as they may deem proper, provided,
such dividend shall not impair the Ca.
pital stock /; but no dividend shall be
declared except by majority OF all the
| Directors.
| Article IL. This institution shall con.
tinue until the FIRST day of January, In
the year of our Lord one thousand eight
hundred and thirty four, but neyerhe-
less the proprislers Of two-thirds of the
capital stock of said company may, BY
their concurrent votes, at a general meet
ing to be called for that purpose, dis.
| solve the same at an earlier period |:
! Provided, That notice Of such meeting,
| and its object, shall be published in two
o. more newspapers, printed within the
district oil Columbia, for at least three
months, successfully, previous to the
time appointed for such mee'ing.
! Article Is. The President and Diree.
tors are hereby authorised and required
to petition Congress, and adopt such
means as may be proper, to obtain a
charter Of incorporation, in conformity
to these articles of association, or as
nearly so as may be practicable, by which
charter the members Of this association
| shall be bound, unless the President and
Directors shall dissent to the acceptance
of the same, and call meeting Of the
stockholders, in consequence thereof,
who shall at such meeting, to be called
and held, within sixty days from the
passage of such act of incorporation, de-
ternine on the acceptance or refusal to
accept of such charter eli incorporation.
| Article 10. On the dissolution of this
association, or whenever the same shall
be determined on as aforesaid. effectuai
measures shall Immediately be taken by
the President and Directors, then in Of
fee for closing all the concerns of the
corporation and for dividing the capital
and profits which may remain among
the stockholders, in proportion to their
respective interests.