The Alexandria herald. [volume] (Alexandria [Va.]) 1811-1826, 1813-12-08

2d street wes, and 18th street west and
north OF the Iibcr, and shall commence
It's operations as soon altar the payment Of
the third instaimsn; as circumstances will
permit.
ARTICLE Nv.
The subscription shall be opened at Da-
vis's Hotel, in the city of Washington, on
the fist Monday Of January next, under
the direction OF the following thirteen com
missioner9, or ma jority of them, viz. John
?. Van Meas, Thos, Munros, Walter
jcnos, ir. Andrew Way, jr. James II.
Blake, Samuel n Sma!wood, Thomas II.
Giiiiss, Moses Young, James Davidson,
William Brent, JOHN Graham, JOS. ph
Gales. II. William prout. And the com-
m'ssioncrs aforesaid shall open the sub
scripi.on books at ten o'clock \. and
they shall continue open until four p. Nj.
and shall remain open between those hours
toT,oHe day at least, and for the term Of
thrcc days unless sooner filed: and If il
should happen that more than the stipu-
lated number of shares should be sub
Scribcd on the first day, then the commits
sioners aforesaid arc to apPortien them "a
mong the Subscribers, By dcducting from
The highest subscriptions, until ihSy are
reduced To the proper number, or il more
persons subscribe than there are share. 5,
the commissions are TO cast lots TO decide
TO whom they shall belong. But no per-
son o. persons, bodies, corporate or other
wise. shall be permitted to subscribe or
tic frs. day Of opcnin,, the books, Cor
more than orc thousand two hundred and
fifty shares and If the stock bs not oil ia
ken the first day, the books shall remain
open on the second day, OH :he same terms
rs on the first; but If the subscription be
not filled on Tie second day, then the com
missioners may permit any person or per-
sons, bodies Corporate or othcrwisc,;o sub.
scribe fer any number of shares un.il the
whole number is COMPLETE
Inc commissioners, after having dcctl-
cd to whom the shares may belong, will is
sue receipts 10 the different stockholders,
Tor the monies received Of them at The
time o! subscribing, which receipts with
the original subscription shall be deemed
good evidence OF the quantity Of stock to
which each subscriber shall be entitled in
this company.
ARTICLE ".
The affairs OF the company shall be con.
iuctcd Dy thirteen directors, of whom nins
~ least shall be resident in the city Of
, "'h'' y I'h, tiiC pICSiuCnl 10 DC CHOSEN
from among their number. Four director.
and the president shall be competent to
the renewal Of paper previously discount
Cd and ~ all other cases majority of di
rcctors shall De required. In case of the
sickness or necessary absence Of the pre-
sidcnt, bis place may be supplied by any
director, whom he. by writing under his
land, may nominate for that purpose, or IN
Case OF his not making scch nomination..
the board may appoint president to act
during his absence: and the directors wha
may be apDointeS at the first election, SHAH
hole their seats until the first Monday il
April, one thousand eight hundred and II
teen. And the directors from and after
that period Shall be elected for ona year,
Nv the s!sck holders for the time being, and
each director shall be atockholder at the
line OF his election, and shall cease To be a
director, II he should cease TO be stock
holder; and no director Of any other bark,
shall at the same time be director Of this
hHnk. Every Share shall entitic its pro-
p"lctor to Il vote, but no stockhoid9r shall
be permitted to vote (except at the first G.
tectIon) who has not held his stock for thir-
ty days prior to the election and all stock
holders shall rots at elections by ballot, IN
person or by proxy, which proxy, in all
elections after the first, shall be made in
such form as the president and directors
shall prescribe, but no officer of the bank
.cceiving salary shall he permitted 10
vote as proxy for any stockholder.
ARTICLE VI.
An election by tho stockholders Of the
company shall be holden on the first Mon.
lay ~ April in every year Except tho mex,
April) al such place as the president and