Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-02

THE cashier, and the funds Of The bsStg
sshall in no case be liable for any go .'e
Itract or engagement, wlsfsoever. pnI5 nv !.
Ithe same be signed and counterSiened !
aforesaid. =
Art. 3. IN case Of death, disou.l;e
Ication, or resignation Of the presid L
Tor any director, or commissioners. osEcss
Tor servant, of this institution, the bOssI
tie directors shall, as soon as it NAV (.
|cunvenient, Gil such vacancy: and
lease Of sickness, or necessary absress
i The president, bis place may BE- sn,
lalied by director, appointed pro tenn.
pore. BY the president, in writing: or =,
lnis failing to make such appointments
the directors may appoint one Of tl,ei'
avn body.
Arts10. The president and director,
shall not demand, or receive, a greates
discount or interest than at the rate e
me per cent. or,sIxty days, upon anv
loans or advances of money which tbas
may make. No stock shalt be transfs.
red while the holder thereof stands A..
|tually indebted to the bank, the MONEY
being due and unpaid, except the presI.
|dent and directors shall otherwise Or.
der it. n
Art. II. Any number OF stockholler
met less than thirty, who together shslik
he proprietOrs Of three thousand shares.
|of upwards, shall have power at any time
FtocaA a general meeting of the stockhoId.
ers, for purposes relative to the insttu.
tion, giving at least, six weeks public
notice in one or more newspapers Of tbe
town of Alexandria, specifying in such
notice the object Of such meeting.
Art. 10. 1t shall be the duty of the
to call board of directors on
application Of three directors in writing.
whichever thereto required, and the com.
shall have power to value the
real property and raise or diminish the
value thereof. according to its real value
when thereto required by the
perseR subscribing the same am BIZ
order of tie President and Direct n;
and II the value should be eucreas-
ed they shah give a certificate to
the directors who shall add it to the or.
ginal subscription, and the holder Thereof
Paying in the same amount in monev. ss
the real estate is raised in value, be hall
be entitled to receive dividend thereon.
lie same as on The original subscripdOh
but on tfecontrary if the commissions
should reduce any real estate. and rv
the directors a certificate specifying he
of@uch reduction, the directors
shall haye pewer to stop the dividend on.
the same,
Arr. 10. This institution shsMcOu4
tinae until the first day Of January
eighteen hundred and forty, unless sOonr
sr dissolved by q majority of votes Of
he proprietors of the stock at general
meeting called for that purpose, and the
PRESIDENT and directors at the expiration
# said time may if they should see pro-
ler continue the same for a longer peri.
I'd, by making their decision publicly
lnewn by insertions in some newspapers
a the town of Alexandra six weeks pre-
'iOusly.
Art. IA. The president and directors
han as soon as they may think propet
Ieclare dividend of profits on the ca.
,ital stock paid in (; but no stockhdlde
hall be entitled to dividend on RAJ
state subscribed beyond, the amount d
dividend on the money he has paid ia
nd every half year thereafter SHAY
make, and declare such dividends
Profits as they may deem proper. pnudtt
ID that no such dividend shall imPS
he capital stock Of the bank, and no on
pidend shall be declared, except by
majority of all the directors ;and It sbaA
,e the duty ofthe president and dlrect,
rs, to cause petition to be prepara
and presented to the general as emp!
# Virginia prayipgt at honoraD 9edt
@ pass an act to incorporate TIE feS
Estate Bank of The United States, anu
he said president and directors shall -.
nut the said bank into operation Vlt1onit
awful authority. nor until one hunG'N
thousand dollars shall have been PAD ~
Art. IS. The real estate bank Of ~
r. States shall be located in the nrs'iD
stance at West End, in the county
Fairfax. but the president and d!recle@y
,.;th +bo concurrence Of two thirds
hat body may remove the Said baaE
,uch ylaca in the vicinity of the tow' n
Alexandria as they aydeem mOS' -
.ibje for successful Operatian.
Art. 16. o. the dissolution OF tfsg