Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-15

s0ld OK SIsverat their lel5ai Saaues
AT. s. And for The well gOverninc
he affairs of tie said company, there
shall be eighteen directors, 10 Of Nhom
shall be residents Of the stateot Virginia
and eighteen standing commissioner:
elected within FIVE days after the stocS
& subscribed, any FIVE Of whom respec
lively may form board to do business,
and I'm election shall be held for a like
number 81. directors and commissioners
On the first Monday IN February in each
wear Their, : or, by the. stockholders q
said institution, and by q plurality Of
votes actually given in, and those who
shall bednly chosenat ach election, shali
be capable Of serving as directors and
commissioners by virtue OF such choice
untiEthe end or expiration of the first
Monday in February next, ensuing the
time of such election & until others shall
be chosen, and the said directors at their
first meeting, aftS,r each election shall
chuse a president from among their OWL
body. In case it should at any time
so happen that an election Of director
ard commissioners should not take place
at the time directed by these articles.O
association, it shall be the duty OF the
president and directors Tor the time
being to order an election as soon there,
after as circumstances will permit.
Art. 4. The board of directors by q
majority of votes shall have power {,
make all necessary bye laws. determine
the manner of doing business and the
istles and forms 70 be pursued, dispose
81 the money and credit of the bank, III
such manner as nay seem to them best
calculated to promote the interest OF
the stockhoIders---a majority of the whole
number OF directors sIiall be necessary
in the choice of president, cashier, and
the other officers Of the bank, and to %
teruine on suitable compensation lor
their services.
Art. S. Eyery stakeholder being a CT
;izen Of the United States, shall be en-
titled to a vote at elections, for dllec-
tors and commissioners, either in person
Or by a written ballot BY him or her sub
scr;bed, with his or her name. and duly
acknowledged before justice OF the
oeace. certificate whereof made ~ the
;ea.e and said ballot, shall be by him
,ealed up, and in his hand writing, al
dressed to the cashier of the bank, whoI
shall deliver the same to the commits
;ioners any time before the election III
closed, and shall be counted IN thel
choice Of directors and commissioners.
The number ofvotes to which each stock
holder shall be entitled, shall be ac-I
;crding to the nusnberOf shares he shall
lold, in the proportion following, that
5 to say :-For one share and not MOI e
han two shares. one vote + each share
ndevery two shares above two and moi
ten. one. vote, for every foufI
shares above ten and not exceeding tfir-
Y, one vote, for every six shares above,
hirty anu not exceeding sixty, enc vote
or every eight shares above sixty aaffI
lot exceeding one hundred, one vote, ans
or every ten shares above one hundred.
me vote bat ne person co-partnershi
n baaY polite shall be entitled III his .
heir own right, or as proxy, to srsai
II number than thirty votes, and ate
he first election no share or shares
hall confer "a right of suffrage which
shall not havebeen holden two calender
months previous to the day Of cleo.
ion. Every stockholder may sell
md transfer hts stock in the said bank
It his pleasure, not being less than one
uII share. tie transfer being made inI
he bank books, in the presence and with
he appreciation Of the proprietor, or his
awful attorney no such share shall
confer a right of suffrage, which shall not
lave been transferred regularly on theI
books of the, association, sixty days pref
rious to the election and it shall be the
lnty Of TIE cashier to make out a list OF
he stockholders with the amount OF stock
~ each of them held, at least thirty days
to any elections for the inspec-
ion Of the stockholders.
Art. 9th. None but a citizen of the
United States, and stakeholder, shall
,e eligible as president, director, or
commissioner, and the president, and di-|
ectors, tor the time being, shall give four
weeks public notice, IN the newspapers
# .Afexandria, Of the time and place Of
ioIding the elections of directors and!
Art. Z. The president and eashierI
hall each If them give bond and secu-t