Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-06


The directors may appoint one d tbs;
|own body.
ArtalO. The president and directe,,
shall not demand, or receive, grsats.
discount or interest than at TIE rate !
one per cent. for sixty days, upon an,
loans or advances Of money which thai
may make. No stock shall be transit.
red while the holder thereof stands !.
|taally indebted to The bank, the mons,
being due aud unpaid, except the pres.
dent and directors shall otherwise o.
der it.
Art.1i. Any number Of STOCKHOLDERS
not less than thirty. who together sh,ll
be propfietors Of three thousand shares
|or upwards, shall have power at any tins
Ia call general Injecting Of the stockhoH.
efs, for purposes relative to the insttl.
lion, giving at least, six weeks pubGe
notice in one or more newspapers Of he
town Of Alexandria, specifying in such
notice the object Of such meeting.
Art. 12. 1t shall be the duty Of te
president to call board of directors a
OF three directors in wfitin,
whenever thereto required, and theca.
missioners shall have power to value tie
real property. and raise or diminish The
.alue thereof, according to its real yaps
when thereto required By tie
person subscribing the same and b,
order Of the President an Directors;
md II the value should be encreas.
ed they shall give &C ifcatc 10
the directors who shall add il TO the or.
sinal subscription, and the holder Thereof
paving in the same amernt IN money, as
the real estate.is raised in value. he shah
be entitled TO received dividend thereon,
he same as on the original subscription.
,ut on the contrary If the commissioners
should reduce any real estate. and give
he directors certificate specifying the +
mount ofsuch reduction, The directors
hall have power to stop the dividend %
he same.
Art. IS. This institution shall con.
inae until the first day of January
igbteen hundred and forty, nl,less soor.
# dissolved by a majority of yotesd
ne proprietors Of the stock at q general
meeting called for that purpose, andas
resident and directors at the expiration
# said tune may if they should see pro.
YER continue the same for a longer pen,
d, by making their decision publicly {
,riown by insertions in some newspapers
the town Of Alexandria six weeks pre- Z
iousir. e
Art. IA. The president and directors
hall as soon as they may think proper,
Ieclaee dividend of profits or the ca
ital stock paid in /; but no stockhOiaeI
hall be entitled to dividend on real
state subscribed beyond the ainoaa'a
iyidend on the money he has paid u,
nd every half year thereafter shan
,ake. and declare such dividends O
ro6ts as they may deem proper. Prouc'
q that no such dividend shall Impair
he CAPITAL stock of the bank, and no Dr.
idend shall be declared, exccpt pa
,aieritv of all the directors ;and It shsii
e the duty ofthe president and direct
rs. to cause a petition to be prepared
nd presented to the general assembly
Virginia praying t at honorable b9fT
pass an act to incorporate the fa
state Bank of the United States, and
re said president and directors siallHo.
Ut the said bank into operation el'hons
Iwiul authority, nor Until one hundred
,ousand dollars shall lave beer paid ~
Art. Is. The real estate bank oi@
/. States shall be Located in tie frst@,
.ance at We t End in the county o
airfax. but the president and directors;
ith the concurrence Of two thirds o.
lat body may remove the saia oauh
,ch place in the vicinity Of the town %
,lexandria as they may deem most gu
;bIe for successful operation. -.
Art. 16. On the dissolution OF tins u
wbcnever the same may take
lace. effectually measures shall immeai'
teIy be taken by the president and ,' ~. o.
ectors then in office, Tor closing al u:0
oncerns of this institution, and ior t as
ding the capital and profits, , xl1s'
,ay then remain, among the stocKno!u
rs in proportion to their respective ~
erests. and transfer to each supse el.sis'
is heirs or assigns, the same real eS'a''
8 was subscribed by him.
Art. II. Real estate consistHs, i. u
ouses, mills or other buildings, sl H.
OF be taken by the bank as part O ~
nor as security for Ip ~ 81.
-. Il, emo have heen duly and lm'