Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-12-25

koLt tuC pT0siaCut out vi WV P'Seobs
year, for the more immediate organizes
ton Of the business of the company, the
election stall be holden Oh the second
Monday in January next, under the de
rec,ion Of the commissioners appointed
to receive subscriptions, and the duties
Of the said commissioners shall there
upon cease and dete mine, and they shall
so seon as the said board of directors are
, organised, pay over to them all the mo-
MES which may have beep received tor
the subscription OF stock, and shall also
deliver over to them all the books and
papers belonging to the institution. And
Se president and directors for the time
being shall continue to hold their Offices
until others shall be appointed In their
places No privilege shall be extended
IL leaning to director on account OF
. his being director. Not more than
nine of the directors, exclusive of the
president, shall be eligible Tor the next
succeeding year; bat the director who
shall be p esideDt at the time OF an cleo.
ton may always he re elected.
ARTICLE VII.
The president aud directors are here
by fully empowered to make, revise, al
ter or annul all such rules, orders, bye
laws and regulations Tor the government
of the company, and that Of their off.
GERS servants md affairs, as they shall,
from time to time, think expedient. not
Inconsistent with law or these articles
of association; and to use, employ and
dispose of the JOINT st ck, funds or pro-
perry Of the said company, (subject only
to the restrictions hereinafter mention
edD as to them may seem expsdient, and
70 loan to any stockhoider, without an
endorser, on pIedge Of stock Of the
company by such stoCkholdcr, not ex.
cceaing three fourtbs of said stock.
ARTICLE VIII,
All bills, bonds, notes and every con-
irac. and engagement on behalf of the
company, for the payment Of MONEY,
shall be signed by the president AM
countersignsd or attested by The cashier
OF the company; and the funds Of the
company shall IN no case be held res
possible fos aHy contract ar engagement
whatever, unless the sane shall be 50
signed, and Countersigned or suested as
Aforesaid.
ARTICLE TX,
he BOOKS, papers, corrss puIrt,e 60
funds of the company shall at all times
be subject to the inspection OF the board
of directors.
ARTICLE x.
The said president and directors shall
have power to appoint cashier, ard al
other officers and servants for executing
the susiness of the company and to es-
tab,isb the compensation to be paid to
the president, and all other officers and
servants OF the company respectively,
and watch, together with all other ne
cessary eXpences, shall be betrayed out
of the funds OF the company.
ARTICLE XII
The president and directors shall have
power to call general meeting Of the
stockholders for the purposes relative
to the concerns of the company, giving
at least six weeks notice in one or more
Of the newspapers Of the city Of Wash.
ington, specifying in such notice the
object or objects "fsuch meeting.
ARTICLE XII.
The shares OF capital stock at any
time owned by any individual stockhold.
CT, shall be transferable on the books oil
the company according to such rules as
may, conformably to law, be established
in that behalf by the president and direc,
tors; bat all debts actually due and pay
able to the company (days of grace for
payment being past by a stockholder
requesting transfer, must be satisfied
before seeh transfer shall be made, un.
less the president and directors shall
direct % the contrary.
ARTICLE XIII.
No transfer Of stock in this company
shall be considered az binding upon the
company, unless made in a book or
books t. be kept tor that purpose by the
company and it is further expressly a.
greed and declared, that any stockhsld-
or who shall transfer in manner afore-
said all his stock or shares in this COM
pany to any other person OF persons
whatever, shall thereupon cease to be
member Of this company and that a.
nv person or persons whatever, who
shall accept transfer of any stock OF
share in this company. shall thereupon
become, and be member of This com-
psny, according to these articles of ASSOC
citation.
ARTICLE XIV.
1t is hereby expressly and explicitly
declared TO be the object and intention Of
the. persons who associate under the
name or firm of The President and
Directors of the Bank Of the Nc.
tropolis,' that the joiat stock or pro.
perry Of the said company, exclusive Of
dividends 20 bemade in the manner
hereinafter mentioned, shall alone be
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