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

ioCH' anu uFcCtoTs tn<ys ae any time, al
ter Payment of the frs, six menuoaed
instaitments. amounting to ten dollars
ON each share, restrict or reject the said
optional payments, and so suspend the
payment OF all or any Of the eight subse-
qae!it ipstalments as in their judgement
may DC expedienl; subject howevet, to
Contrary Differentiation by the ssbscri-
bcrs. If such determination should be
made at any meeting provided for by
these ARTICLES of association.
ARTICLE III
The copartneeenip shall transact its
business in the city Of Washington, De-
tveep Cd street vest & 18th street west
and north of the Tiber, and shall COM
mence its operations as soon after the
payment OF the tasrd ,nstalment as cir
eumstsnces will pern,iL
ARTICLE Nv.
The subscriptions snail be opened at
Davis's motel, in The city of Washington,
Oh the first monday o! january next, IN.
der the dlrec,Isn OF the following thir-
teen commissioners. or majority Of
them, viz. John P. Van Ness, Thomas
Munroe, Walter Jones, il Andrew
Way, jr. James II, Blake, Samuel n.
Smallwood, Thomas H. Giiiiss, Moses
Ypung, James Davidson, William Brent,
john Graham. Joseph Gales, jr. William
P out. And the commissioners atore-
said shall open the subscription books
at ten O'Clock A. NJ. and they shall CONT
nue. open until four p. NJ and shall re-
main open between those hours for one
day at least, and for the term of three
days unless sooner filled and If Il should
happen that more tban the stipulated
number of shares should be subscribed
on the FIRST Day then the commissioners
aforesaid are TO apportlon them among
the subscribers, by deducuns t. ON the
hlg SUBSCRIPTIONS, unit they are re
daced to the proper number, or it mere
persons subscribe than there are shares,
the commissioners are to cast lots 10 de-
eide to whom they shall belong Bo1
NJ person or persons, bodies corporal
or otherwise, shall be perm.ttcd to ssh-
scribe Old the first day of opening the
books, for more than one Thousand two
hundred and City shares; and if the
stock be not II take. the first day, the
books shall remain open on thc second
dat, on the same tSrus thru &, |,
bu, if the subscription DC not hlled on
the second day, then the commissioners
may permit any person or persons, bo-
dies corporate otherwise, 10 subscribe
for ans number OF shares until the whole
number i, complete.
The commissioners, alter having &c.
cided to whom the shares may beiong,
will issue receipts to toe different STOCK
holders, Tor the monies received OF them
a, the time OF subscribing, wasch re-
c.;,,. with the orit; inal subscription shall
be de, med good evidence OF the. quaint
~ OF 81 ck To wnich each subscriber
shall be entitled in this company.
ARTICLE v.
The affairs oi the company shall be
conducted By ;h:tteen directo S, OF hom
nine a, least shall be residents in the CT
ty Of Washington, the president to be
chosen from among their number. -Four
directors and the president shall be COM
pe,ent TO the renewal OF paper rrevious-
" discounted and in ell other cescs a
majority OF directors shall be required.
In case of the sickness OF necessary alb.
sence Of tie pre- ideat his place NAV be
supplied by, any director, whom he, by
writing under his hand, may nominate
for that purpose, or in sase oil his not
making such nomination, the board may
appoint presiden, TO act during his alb
sence !; and the directors who may be
appointed at the first election, shall hold
their seats until the first Mo day in A.
Drill, one thousand eight hundred and
fifteen. And the di, ecsors from and at
ter that period shall be elected tor one
year. by the stockholders tor the time
being, and each director shall De stock
holder at the time of his election, and
shall ceas. 70 BE director, il ne should
cease TO bea stockholder; and no d.
rector Of any other bank shall al the same
time be director of this bank. Every
share shall entiue its proprietor to a
vote, but no stockholder shall pc per.
mi,ted 10 vote (exeept at the hrss cleo
tion) who Las not held his stock for thlr.
,y DAYS prior to the election: and oil
stockholders shall vote 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 presi.
den, and directors shall prescribe, but
no officer of the bank receiving salary
shall be permitted to vote as a. proxy for
any stockholder.
ARTICLE vi.
An election by the stockholders OF the
company shall be holden on the hrs'
MONDAY in April in every year (excep'
the next ApriI) at such place a. hePre'
siden, and directors shall appoint, by
giving four weeks notice in one or more
y y 4 HU q n.