Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-30

months previous to the eieCHoo, anu IL
sball be the duty of the Cashierto make
out a list oftbe stockholders thirty days
previous to an election, for their inspec.
ton, and i'm choice :of Directors every
stakeholder shall vote in person, or by
written ballot by him or her subscribed
with bis or her name, and duly scknow-
lodged before Judge of court, a
Justice of peace, or a notary public,
certificate whereof shalibe made-on said
ballot by the said judge, justice of peace,
or notary public, before whom such &C
acknowledgement shall be made, and said
ballot shall be by hin sealed up, and In
his hand writing, addressed 10 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-
ceved By the said Cashier, aud deliver
ed unopened TO the Commissioners APP
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 OF
shares, the transfer being made IN the
Bank Books in me presence and With
tho appreciation OF the proprietor or his
lawful attorney.
Article S. No stakeholder or MEM
Der of said Association shall be alswcr-
able for any losses, Deficiencies, Or fai-
lure OF the capital stock of the said
Bank. for any more or larger sum or
sums OF money whatsoever, than the a.
m unit Of stock CT shares, which shall
appear by Tie books OF said Association
to belong tn hlm or her, al the&ime or
times when such loss or losses shall be
sustained, except as Is herein alter pro-
yided that is 10 say, # the total amount
of debts which SAID company shall at any
time owe, whethet by bond, note, bill,
or other contract. s6all exceed twice the
amount OF the capital stgck ct said Bank,
over and ABOVE the monies actually de-
posted in the Back Tor safe Keeping,
then in case of such excess, the Direct
ors usder whose administration 1t shalt
happen, shall be liable for such excess
in their Ratural and private capacities,
and an action or actions OF debt may,
he brought against them or any oil them,
their heirs, e&ecutors'or administrators,
in any court of record within the United
States, by any creditor or creditors OF
said association, and may be prosecuted
10 iudgpen, and execution; any-condl-'
ton, covenant or agreement to the con-
,rary Notwithstanding, but this shall not
be construed TO exeppt the sald body
petite, or lands, teneDents, goods or
chattics of the same irrm being also IL
able for, and chargcabie with said excess
provided that such Of the said Dl-
rectors, who may have been absent
when said excess was contracted or
created, or who may have dlssented
from 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 tie fact, and
of their absence or dissent 10 the stock
holders a, general meeting, which he
| or they shall have power to call Tor that
purpose, and in Case the directors by
whose act such excess shall be OCCASION
ed, shall not nave property to pay the a
mount OF such excess then each and eve
! ~ stock holder shall be liable in their
private capacities, for their deficiencies
in proportion to their respective shares
, in the SAID Bank
ARTICLE The Board OF Dlrec.
tors OF said B4nk by majority Of votes
shall MAKE bye laws, determine the man
ner of doing business. and the rules and
forms to be pursued, and dispose ot'tbe
money and credit of the bank, in such
manner as shall seem to them best cal
cuIated to promote the interest OF the
stockholders.
Article Z. A majority of the whole
number Of Directors shall be necessary
in the choice Of President, Cashier, *
other officers ofthe Bank but four mem
bers with the President. may constitute
boa d for transacting the ordinary Blu.
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 muy be necessary
for executing the business OF the said
| company, and to allow them suchcom-
pensation for their services respective
ly as shall seem reasonable, and shah
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 ofthe .ssnte.
Article 9. The second election of
Directors .ha'' take place on the first
Mrp''av in January 1915, and an cleo
ION in each yea 'hareafter, on the tlrst
Monday IN January, in the town OF A
nd r,ndo n rh