Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-14

a1 4: 2c !se bank 81 TIE arsDGEsF tor
wk;eh the said faaE estate ssias "a ken. p
| Qdld oreiNefat their LEGAL syslsss
Art 5. And af0k tie veil goysfhilie
the affairs d the said company there
sEaIISbe eighteen tieecterss re- olvbora
|shalI be resillsntsQfit the state ct Virginia.
lana eighteen standing commissioners
elected within FIVE days after the stock
s subscribed any FIVE of whom rcspccs
lively NAV G6rna board TO do business,
and an election Shall be held fora like
number of directors antlscoNhaissionefs
On the first Monday m February irs each
wear thereafter, by the stockholdersios
said Institution, and by a plurality "a
votes actually given IN, andethose who
! 81 at be fEutF chosen at suchelectiOu; siah
lie capable sof serving as directors AK
commissioners by Siltpel Of such cbeict
until the end or expiration Of the .hrst
lNidnday IN February next, ensuing the
sime OF such election & until others shat
be- chosen. aud tie said directors at their
iESrst meeting, after each election shall
cSnse a rees!ceht ir6sn among their own
ibody. In case it shouldn't any tine
So happen that an election Ct directors
AID commissioners should net take place,
at Tie time directed BY tIiese articles O
laSsoeiation; it shaH be the duty Of the
i president sd directors fpr@ the time
being to order an election as soon there-
after as circumstances will permit.
Art. 4. The hoard Of directors by a
lBaleritS Of votes shall have power 70
make all necessary bye laws, determine
tie nssnner If dong business and the
rules aad forms 70 be pursued, dispose
ii tue money and.credit Of the banks IN
ssach manner as may seem totsem best
Ecalcelate.l t. promote the interest OF
hhe staeskalders--a majority ofthe whole
number ii directors Shall be necessary
Ia the choice 81 a Dfesident.cashier, ard
,,tae othee officers of the bank, and to de-
lterminc pala suitable compensation Tor
their services.
Art. s. EveSy stakeholder being a7ci-
ltizen of the United States, sh6ll be en-
titled toa vote at elections, for direc-
tons and commissioners, either IN person
Tor by 4 written ballot BY him or her sub
,scriied, with.his or her name. and duly
Acknowledged before a justice of the
lpeace. a certificate whereof made in the
same and sad ballot, shall be by lhmI
sealed up. and in his hand writing, ad
dressed the cashier Of the bank, who
shall deliver the same to the commits
lsioners any time before the election i
clusets. and shall be counted In the
Echoice Of directors and commissioners.
lhe number otvOtes to which each stock
holder shall be entitled, shalt be ac-
cnrding TO the number oi shares he shall
hold, in the proportion following, that
|ls to say :--For one STARE aud not mon g
than two shares. one vets r each share,
and every two shares above two and MOI
exceeding ten, one yote, tor every tour
shares above ten and not exceeding. ttir-
ty. one vote, Tor every six shares above
thirty and MT exceeding sI ty, enc vote
for every eight shares abbye, sixty ahc
not exceeding one hundred, one vote, ana|
for every ten shares above Que huatifed.
ore vote but no person co-paHnershIfI
Ior body polite shall be entitled IN his g
their own right, or as proxy, to a great
er number than thirty votes, ana alter
the first election 10 share or shares
|skall confer a right of suffrage which,
Isl,a not have been holden two calender
|molaAs previous to the day OF cleo
Ition. Every stockholder may sell
aud transfer,bis stock in the said bank
lat his pleasure, not being less than one
full share, the transfer being made IN
the bank books, in thepresepce and with
the appreciation of tie proprietor, or his
lawful attorney: no such share shall.
conker right Of suffrage, which shall not
have been transferred regularly on the
Ibooks of the association. sixty days pre-
xiolIs the election and it shall be the
Iduty Of t,ic,cashier to make out list OF
1.-The stockholders with the amount OF stock
Inv each of them held, at least thirty days
loreyiious to any elections for the inspec-
ltionof the stockholders.
/ Art. 9th. None but a citizen OF the
limited States, and a stakeholder, shall
5be eligible as agpFesident, director, o.
lcoumisSioner, and the president, aud di-
I,actnrs. tor the fine being. shall give four
weeks public notice, IN the newspapers
lof Alexandria, of the time and PLACE q O
holding the elections Of directors and Hgd
j . !, n, M : yfOurrc