Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-11-02

months previous to the election, and It
shall be the duty Of the Cashier to make
out lie, ofthe stockholders thirty days
previous to an election, for their inspec-
ton, and in choice of Directors every
stockholder shall vote in person, or BY
written ballot BY him or her subscribed
with his or her name, and duly acknow-
lodged before Judge OF court, a
justice of peace, or notary public, a
certificate whereof shall be made on said
ballot by the said Judge, justice ofPesce,
or notary public, before whom such &C.
Acknowledgements shall be made, ard said
ballot shall be BY him sealed up, and in
his hand writing, addressed to che Cash.
Ter of the Bank, and being transmitted
to said Cashier before the time OF clos
ing the election, tho same sh.il be re-
ceived BY the said Cashier, and deliver.
Cd unopened to the Commissioners ap'
pointed by the President and Directors
for conducting the election, aud shall be
counted in tho choice OF Directors
And every stoekholder may sell and
transfer his stock in the said Bank, or
any part thereof, at mis- pleasure, not be-
ing less than one complete share or
shares, the traaster being made IN the
Bank Books 10 the presence and With
the appreciation Of the proprietor or his
lawful attorney.
Article 5. No .tockholder or mem.
Der af said Association. shall be answer
able for any losses, deficiencies, or tai.
lure of the capital stock of the SAID
Bank, for any more or larger SUN or
sums of money whatsoever than the
mount of stock or shares, which shall
appear by the books of said Association
to belong to him or her, al the tine ~
times when such loss or losses shall be
sustained, 'acept as IS herein after pfn'
vidad tina, is to- say, if the total amount
of debts which said company shall at any
time owe, whethei by bond, note, bill,
or other contract, shall exceed twics shS
amount of the capital stock OF said BANK,
over and aboee the monies actually de-
I, posited in the Bank for sale keeping,
hen in case Of such excess, tie Direct
ors under whose administration II shall
happen. shall Be liable for snch excess
IN their aaturai and private caDacitIes,
and an action or actloDs of debt may
he brought against them or any ct them'
their heirs, executors. or administrators,
in any court of recnrd within the United
States, py sny creditor or creditors OF
said association, and may be prosecuted
to judgment and execution; any condi'
ton, coyenant ar agreement to the con-
trary notw uhstand,ng, but this shall not
be construed to exempt the saId body
polite, or lands, te0ements, goods or
chattles Of the same from being also IL
able for, and cbargeaoie with said eXcess
provided that such o! We said d..
rectors, who may have been absent
waen said excess was contracted or
created, or who may have d'ssented
from the resolution or act whe'ehy
the same was 90 contracted or crea.
ed, may respectively exonerate them
selves, from being So liable, BY forth
with. giving notice iot the tact, and
of their absence or dissent e 'he stock.
holders at general meeting, which, he
or they shall have power to call ieT HAT
purpose, AID in Case the director" ny
whose act such excess snail be occasion.
ed, shall not have property to pay the a.
mount OF such ext ess men each and eve'
ry stockholder shall be liable IN their
private capacities, for their deficiencies
in proportion to their respective shares
in the said Bank
ARTICLE The Board OF Direc
tors OF .aid Bank by majority of votes
shall MAKE by laws, determine the man
uer of dong business, and the rules and
forms to be pursued, and dispose of the
money and credit of the bank, in such
manner as shall seem to them best cal.
culatcd to promote the interest OF the
Stockholders.
Article 7. A majority Of the whole
number Of Directors shall be necessary
in the choice of President, Cashier &
other officers ofthe Bank but four rem
Der. with the President. may constitute
a board for ransacting the ordinary bu-
siness OF the Bank,
Article 8. the President and Di-
recters for the time being shall have
power to appoint such officers and SER
wants under them, as may be necessary
for executing the business OF the said
company, and to allow Them such com.
pensation for their services respective
" as shall seem reasonable, and shall
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 Of the same
Article 9. The second election of