Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-10-21

s,
|s;tled TO q vote at elections, for direct
ors and commissioners either in person
or bv 4 written ballot by him Or her sub
IscFibed. with his ORDER name, and duly
acknowledged before q justice Of the
,,eace. a certificate whereof made IN TIE.
8 me- and said ballot, shall be by him
sealed up. and in his hand writing, ad
dressed toll cashier Of tue baiik, whol
|sIs,ll deliver the same to the commits
|sisners anytime before the election Is
closed. an shall be counted IN the
|sbo;ee al 4 ecters and commissioners,
die snumberof votes to which each stock
|bcider shall be entitled, shall! be in pro-
portion TO the numbered shares he shall
|boIf as follows For one share and NOT
exceeding two shares, one vote each,
and every two shares above two and not
|exceed;Inse ten, one vote, for every four
shares above ten and not exceeding thir-
~. one vote. for every six shares above
Thirty aud not exceeding sixty, one xote,
Cor every ! eight shares above sixty and
mot exceeding one hundred, one vote. and
Tor every ten shares above that number
me vote every stakeholder may sell
and transfer bis stockin the said bank
lat his pleasure, not being less thar one
full share, the transfer being made in
|the bank books, in the presence and with
the appreciation of the proprietor, or his
lawful attorney no such share shall
|confer a right of suffrage, which shall moi
have been transferred regularly on the
books of the association. sixty days pre-
vious to the election and it shall be the
|duty Of the cashier to make out list Of
the stockholders with the amount Of stock
by each of them held, at least thirty days
previous to any elections for the inspec-
ton of the stockholders.
Art. 6. No stakeholder, or member OF
this institution. shall be answerabIe for
any losses, deficiencies, or failures Of the
|capital stock of the said bank, for any
more or larger sum or sums Of money
whatsoever, than the amount of stock OF
shares which shall appear by the books
of the said bank to belong to him at the
time the loss shall so happen.
AIT. 9TH. None but citizen of the
United States, and a stakeholder, shall
be eligible as president, director, OF
commissioners, and the president, and di.
rectors, for the time being, shall give -four
weeks public notice, an the newspapers
OF Alexandria. of the time and place Of
holding the elections of directors and
commissioners.
Art. s. The president and cashier
shall each of them give bond and secu-
|rity for the faithful discharge of their
duties to the satisfaction of the directors,
the other officers and servants shall take
an oath or affirmation, and give bond and
security to the satisfaction of the presi-
dent and directors Tor the faithful dis
charge Of the duties Of their several Of
fees.
Art. 9. All bills, bonds, notes, and e.
very other contract or engagement, Oh
|behalf Of this institution, shall be signed
by the president, and countersigned by
the cashier, and the funds of the bank
shall in no case be liable for any con-
tract or engagement, whatsoever, unless
the same be signed and countersigned as
aforesaid.
Art. 10. In case Of death, disqualif-I
cation, or resignation of the president.
or any director, or commissioners, officer,
or servant, of this institution, the board
of directors shall, as soon as it may be
convenient, fill such vacancy; and in
case of sickness, or necessary absence
of the president, his place may be sup
piled by director, appointed, pro tenn
pore, by the president, in writing; or, on
his failing to make such appointment,
the directors may appoint one of their
own body.
Art. IL. The president and directors
shall not demand, or receive, greater
discount or interest than at the rate Of
enc per cent, for SIXTY days, upon any
loans or advances of money which they
may make. No stock shall be transfer
red while the holder thereof stands ac-
tually indebted to the bank, the money
being due and unpaid, except the presi-
dent and directors shall otherwise or
der it.
Art. IL. Any number of stockholders,
not less than thirty, who together shall
be proprietors of three thousand shares,
or upwards, shall have power at any time
to call a general meeting of the stockhold-