Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-11-04

tutHk pfUpSE " 0PSu ssAsuss ANU sss~
| Co smIssioners a Leeshurs, Watches
| ..r and Varreuton, shall Immediately
l m closing their subscription books,
.rsnsmit the subscriptions respectively
taken By them, together with the road
sock or money so subscribed TO the
Board Of Commissioners In Alexandra,
siere all future payments Tor said stock
shall be made Provided ai<viys, That
it i. HEREBY expressly understood that
| all the subscriptions and the road shares
| obtained In consequence thereof, shall
| De deemed, and held 10 be. for the sole
| md exclusive use and benefit of the per-
sons, co-aArtnerssips or bodies polite
subscribing, or IN whose behalf the sub
.crip:ions respectively shall be declared
u De made at the time Of making the
same. and all bargains, contracts, pro-
misses, agreements and engagements,
IN any wise contrayening this provision
snail De sald, and the persons, co-pars.
aer.hips Or bodies polite respectively
:, subscribing, or for whose use the
subscriptions are declared 10 be made
IS aforesaid, snail have, enjoy, aud re-
Give the snare or shares respectively
n consequence thereof obtained. ana all
ne iutere s,s and emoiusents thence a.
sing, a. freely, fully and absolutely, as
# they had seseraliy and respectively
oaid the consideration therefor, any bar
yains, contracts. promises, agreements
,r engagements, to the contrary aot-
outstanding.
ARTICLE ?. The subscriptions be.
.ne closed as aforesaid, the commission
ers 4fore,.id. or any three of them shall
forthw with advertise meeting of the sub
scribers, 10 rhe town of A!exandria. for
the purpose Of e,ectipg eighteen Direc-
tors, one third of whom may be inbabi-
,snts Of the Commonwealth OF Virginia,
10 organize and conouct the afaIrs OF
aid association, giving ten days prsvi-
aus no;ice, thereof, IN The newspapers T
the town of Alexandra, LeesbuTs, VIM
chester. and Washington, Ut the ine s
place when and where, such election
shall BE- heid-and those persons who
shall be duly chosen al said election,
shall be capable Of sesving as Directors
oy virtue Of said choice, uutf' the end OF
expiration Of the first Monday in jauu.
.ry, In the year of our Lord one thousand
light hundred and fifteen, and until 0
hers shall be chosen, and the said Di-
rectnrs, 1T their first 'ueefing alter every
electios, shall choose President. No
person a Director Of any Other Bank,
or the paf. ner in trade of a Director OF
an ,ther Bank, shall DC President or Dr.
rector 10 this Bank.
Article 8. M person shall be eli
gible 70 1sld ,hc office es President or
Director, who is not Citizen OF the
United States, and bona Eide stock
holder at tie time OF election, and eve
~ stakeholder, whether he De SO b. o.
risinal subs riptior or by transfer, shall
be considered a. Hnember nt this as
socistion, and when ne ceases 10 be
s,ocsholder he shalt cease To be mem.
Der.
Article 4. Every stakeholder be-
ing a citizen Of the United States, shall
ne entitled to vote al al elections TO be
holden by che Stockholders, and shalt
:iaye as many votes IN proportion t. The
shares he or she may hold, as follows,
for every one SHIRE, one vote tor eve.
~ three shares, two votes for every
five shares, three votes ior every ten
shares, Eve votes; and for every Ave
shares. sbove ten, one vote no share Or
shares, shall confer right OF suffrage,
which s ,afl- Save been transferred on
the Books OF the association within two
mon,ns previous TO the election. and It
shall be the duty of the Cashier to make
out list of the stocSh- iders thirt, days
previous 70 an election. for their lnspec-
lion. and in choice OF Directors every
stakeholder shall vote in person, or by
written ballet by him or her subscribed
with his nr her name. and duly acknow-
lodged before Judge Of court,
Justice of peace, or notary Puo''c,
certificate whereof shall he made nu said
ballo, BY the sand judge, justice ot peace,
Or notary. public, before whom such &C
acknowledgement shall be made. and said
ballot saal. be By him sealed up, md IN
his hand writing, addressed to the CASH
Ter of the Rank, and being transmitted
to said Cashier before the time OF clos.
ing the election, the same shall be re.
coived by The said Cashier, and deliver
ed unopened to the Commissioners ap-
pointed by the President and Directors
for conducting the election, and shall be
counted in the choice OF Directors
And every stockholder 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 attoraey.
Article S. No stakeholder or mem.
Der of said Association shall be answer