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

which the SAID fcni eStdtc y So 80 9
gold or siIverat their legal value
AT. 4. And for the vel govsraii's
|the. affairs Of the said company, tberf
shall be eighteen directors, 2 q whom !,o 9
/ shall be residents Of The state OF Vlrglnia:
|and eighteen standing commissioners
elected within five days after the STOCK
rs subscribed, any five of whom respee 4
lively may form a board to do business
and An election shall be held fora like
number Of directors and commissioner
lon the first Monday IN February 10 each
wear thereafter, by the stockholders otl
said institution, and by plurality Of
Votes actually given IN, and those who
shall be duly chnsen atsuch election shall|
|be CAPABLE Of serving as directors and
commissioners by virtue Of such choice
|uutil the end or expiration Of the first
Monday in February next, ensuing the
time OF such election & until others shall
he chosen. and the said directors at their
first meeting; after each election shall
Ichuse a president from among their own
body. In case it should at any time|
$50 happen that ali election of directors
and commissioners should not take place. i
lat the time directed BY these articles Oh
association, it shall be the duty Of the
president and directors for the time
being to orderan election az soon there
latter as circumstances will permit.
Art. 4. The board Of directors by a!
Imaior;t, of votes shall have power tol
make all necessary bye laws, Determined
THE manner of doiag bu mess and thel
rules and forms TO be pursued, disposed
of the money and credit OF the bank, IN
such manner as may seem tothen besti
calculated to promote the interest OIL
the stockholders--a majority Of the wholei
number Of directors shall be necessary
in the choice of a president. cashier, andE
the other officers of the bank, and to del
terrnine on suitable compensation forI
aieIr services.
Art, s. Every stockhoider being Gil
fizen of the United States, shall be en-
titled to vote at elections, for direc-3.
tors and commissioners. either in person.
or BY writtenb ballot by himer her sub-lt
scribed, with his or her name and dulyi
acknowledged before q justice OF thel
peace. o certificate whereof made in tfeI
same and said ballot, shall be by hin.l ,
sealed up, and in his hand writing, ad T.
dressed to the cashier of the bank, who'll
shall deliver the same to the commits
sicaers any time before the election Isl ,
c,osed. and shall be couAted IN theI
choice of directors and commissioners
The namberofyotes to which each stock
holder shall be entitled, shall De &C
cording to the number OF shares he shall
lold, ii the proportion following. tlia1
8 to say .:--For one share and not moleld
,ban two shares, one vote f. each share,t
and every two shares above two and net i
ten, ore vete, fot' every iourl
shares above zen ard net exceeding thr-!
.v,.oae vote, Ter every SIX shares ahoyeIt
.aytg and not exceeding's,sty, enc vote /,
-er every eigft shares above sixty andIr
ofexceedifg ole haaCsrsl, one vote, and Ii
.lr every ten shars abese oae hundred 0
zee v,te b;st 30 pereea co-t'ai tliersini' Ia
u BODY uoliiic shall he entitiei ~ his OF 10
heir owm right, o. as prog, 10 great-lt,
(; nambet than thirty votes, and aitet|E
Sc FIRST election nc share or sharesI Il
,hail cont r right Of suffrage which D
.h,.aiI Tot have been balden two calenderH,
anntEs previous 70 tie Cay OF elec = Il
ian - Every s1ockholder may SELL
and transfer his stock Ia the said bank, I
It his pleasure, not being less than one $
uIl share. the transfer being made IN r
he bank books, in the presence and with y
he appreciation of the proprietor, or ms Ii
awful attorney no such share shall s
confer right Of suffrage, which shall not A
ave been transferred regularly on the >
cooks of tie. association sixty DAYS pre- 8
,ieus to the election and it shall be tbel s
iuty of the cashier to make out a list OIL 3
he Stockholders with tie amount OF stock a
u each of them held, at least thirty dayslr
PREVIOUS to any elections for the inspec- {
ion of the stockholders. "
Art. 9th, None but citizen of tbel IN
Jrited States, and stakeholder, shallIe
,e eligible as a president, director, orlt
and the president. and d. p
,ectors, for the time being, shall giyeiourIa
weeks public notice, IN the newspapers
# Alexandria, of the time and place OF In
soIding the elections of directors and In
commissioners. Is