Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-03

.lthe cashier, and the funds Of the bank
shall ia no case he liable for any con
Tract or engagement. Whatsoever, unless
BE same be signed and nterslgned e
aforesaid. -
AIT. D. In case of death, disqualif-
|cafion. or resignation Of the president,
Ior any director, or commissioners, officer,
Ioi servant,o this institution, the board
iof directors shall, as soon as it may be
lconvenienf, fill such vacancy; aud In
lease Of sickness, or necessary absence
f The president, his place may be sup
saIied by o director, appointed pro tenn
sore. By tie president, in writing Or, on
lis failing to make such appointment,
lfae directors may appoint one OF their
Eswn body.
srt.sl0. The president and directors
IsIlall not demand, or receive, a greater
discount or interest than at the rate of
lone per cent. for SIXTY days, tpon any
cans or advances Of mosey which they
l.nay make. No stock shall be transfer
|fesi while the holder thereof stands ac-
Efualiy Indebted to the bank, the money
ll1eing due aid unpaid, except the presi-
dent and directors shall otherwise or.
;des it.
Art. IL. ANY number 0' stockholders,
|hdt less than thirty. who together shall
he proprietors of three thousand shares,
orupwards, shall have power at any time
|fo call a general meeting of the stockhold-
|efs, for purposes relative to the institu-
lion, giving at least, SIX weeks public.
notice in ore or more newspapers Of the
|towa Of Alexandria, specifying in such
|aotice tie object of such meeting.
Art. 70. It shall be the duty of the
president to call board Of directors on
application OF three directors IN writing,
whenever thereto lequired, aud the com
shall have p0wert to value the
real property, and raise or diminish theI
yalue thereof, according to its real value
when thereto required by the|
,s sea Subscribing the same and byl
order OF Tie President and Directors Il
and II the value slor!J be encrcas-
ed they shall give certificate toI
the directors who shall add it to the orr
gina! subscription. and the holder thereof
5:aying iii the same amount In money, as,
tie real estate is raised in value, &c shall
beentitled to receive a dividend thereon,
The same as on tie original subscriptions
ant On the contrary IL the commissioners
should reduce any real estate, and g've
lie directors certificate specifying the |
amount ofsuch reduction. the directors|
s'lalI have power to stop the dividend on
tbe same.
art. IS. This institution shall con-
tiope until the first day of January
eighteen hundred aud forty, unless seon-
er. dissolved BY majority of votes Of
he prcprietors Of the stock at general
Meeting called for that purpose. and the
PRESIDENT and directors at the expiratonl
# said time nayit they should see pro-
,er continue the same for longer peri
ID, by making toeir decision publicly
,nown by Insertions in some newspaper.
TIE tow, OF Alexandria six weeks pre-
iously. i
Art. IL. Tho president and directors
laall as saon as they NAV think proper i,
.eclare dividend Of profits or the ca
ital stock paid IN; but no stockholderIoo
hall be entitled TO Dividend en- real
state subscribed beyond the amount OIL =
isidcnd on the moneyhe has paid in.
nd every half year thereafter shall I
,aka, and declare such dividends o.
ro6ts as theh may deem proper, proyid-i
a that no snch dividend shall impair
he capital stock of the bank, and no dill
idend shall be declared, except by al
.aiority of all the directors and it shall
e the duty ofthe president and direct
rs, to cause petition To be prepared
nd presented TO the general assembl ia
Vireinia prayingt al honorable body
D pass ar act to incorrorate tie NealI
state Eank of the I'm ted states. andt
he said president and directors shall notI
ut the said bank Into ogsefation withontt
awsill authority. nor until one hundred /
housand doi'als shall have been raid In.
Art. Is. The real estate bank OF the
! states shall be located in tie First in
farce at We t End, in the county OF
'aiffax. but TIE president and directors, s.
,ifh the concurrence t I o. thirds Of
aat body NAV remove the ,ai bank TO !
ach place in The vicinity of the town Of :;
.lexandria as they may deem most eli :
;hle for successful operation. l,I