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

with TIE 0illeF pd ltiS Sft5 2l'sss sf -. -
Ivered over To the president alu DIRE
sars of said Sank and it shall be the du
lsy 81 Inc said eresident and director
lsanse the deeds thus delivered over e
Them to be recorded IN tie proper OF
fees-provisled however that such sub
l.ctiber of i al estate Iaas use and Gee;
Iav I & said real estate as i the same were
Ibot subscribed during the continuance
If tbis association, and shall be entitled
lto reconveyance Of the same upon ths
lpayment to the bank OF the AMOUNT for
(which the said real estate was I KEN, Il
gsid or sikerat their legal value.
Art. s. And for the well governing
the affairs Of the said company. there
EsliaIl be eighteen directors, IL Ct NhorH
| shall be residents OF fine state Of Virginia.
land eighteen standing commissioner
elected within five days after the st,sS
lis subscribed, any eof Shorn reSpee
ffiwelv may form bJasd to do basiness
and AM election shall he held fpr alik
nun,ller Of directors aud comnsissiailes
an tie first Monday IN February III zach
year thereafter, b. the. stockholders g.
said Institution, and by a plurality OF
votes actually giyen in. and those who
! stall be duly cll0Sena at such election, SHAH
lie capabie IL serving as directors aud
commissioners BY virtue Of such choice
Until the end or expiration q the first
Monday in February next, ensuing the
Time of such esertion & until others shals
lie chosen, and the said directors at then
Eirst meeting. after each election shall
Echuse Il prcsi;;..>.it from among their ovi'
body. in case it should at any tipe4
lso happen ti,at an election OF directors
ard commissioners Should not take place,
at the time directed by these articles o.
association. it shall be the duty OF the
president aad directors Tor the time
being to order an election as soon there
after as circumstances will permit.
Art. 4. The board Of directors by al
Hlaaioitg Of votes shall have power tq|
maze all necessary bye laws, determine
the nanner Of sloing buiness and thei
rales AMI forms TO be pursued, dispose
of the money and credit OF the bank, M
such nanner-as may seem to them best
calculated to promote the interest al
the stockholders--a majority OF the whole
Inuasberot directors stall abc necessary |
I'm the choice of a president. cashier, arc
the other officers of,the bank, and to &c |
I.
'teriuins on suitable compensation fof
their services.
Art. $. Every stakeholder being aci-i
tizen ofthe United States. shall be en-
titled to vote at elections, Tor diree-I
tors and commissioners, either in personl
or 5v written ballot by himor her subj
scribed. with his her name. and daiyI
acknowledged before justice Of thsI
peaee. a certificate whereof made in tbes
same and said ballot, shall be by hinl
sealed up, and in his hand writing, I'd
dressed to the esther OF the bank, Who'll
,balIssieliref the Same to the commits
sioners any time before the ELECTION Isl
,.asea. and shall be counted in theI'
,boice Of directors and commissioners.
Che number of votes to which each sts,ck-l +
lolaer shall be entitled, shall be ac- {
,orfiino TO tie nulnberof shares he shaiiI
iola. in the proportion following. that /.
5 u say For one share aud not mo'eIs
han two shares, one vote { r each share. 4
ind eyerv two shares above two and not Ia
Needing ten, one vote, tor every fourH
shares above ten and not exceeding thrill
v, one vote, for every six shares above IS
hirty and not exceeding sist y. one vote. 7
or every eight shares above sixty and Y
lot exceeding enc hundred. one vote, andl'
or every ten shares above one hundred, n
me vote 5: bat no person e0-partnershipEa
i BODY polite shall be ertitied in bis orIa
heir own right, or as proxy. to a great-Io
II number than thirty votes, and atterit
he .frst election 10 share or shareslE
ball confer a right Of suffrage whichft
hall not have been holden two calender Ii
nonths previous to the day. of elec-D
ion. Every stncEhnlder may seiiIt
md transfer his stock in the said bank
t his pleasure, not being less than onel |
uil share, tie transfer being made inis
he bank books, in the presence and with |
he apprpbation Of the proprietor, or hisI
awful attorney 10 such share shall It
confer night ofsatfrage, which shall not IS
AVE been transferred resllarly On tllei
looks Of the association sixty days pre-Ie
sious to the election and it shall be thel
iats Of the cashier to make out a list etl s
he stockholders with the amount fstockl i