Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-10-20

It;tlea TO 4 yeteaat eleef3eisss ior direct
are and commissioners, eifheFin persoG
iar bp writtea halIat b3I him 81 her sub
Iscr;;bed. with his onher natnes and dals
I,ckuowledgea bef0re justice Of tlae
E.,sace. s certificate whereof made IN tbf
.sme an,l said ballot, shall be by hin
sealed up, aud in his hand writings ad
dressed ID the cashier OF the bank, who
Shall deliver Che same to the commls-
s;cregs any tinle before The election is
closed. and shall be counted in the
lchoice of directors and commissioners.
lfhe number OF Yates to which each stock
holder Shall be entitled, shall be IN pro-
norton to the number of shares he shall
|holl as tollows:--F0r one share and not
|exceeding two shares, one vote each
aud every two shares above two and not
exceeding ten, one vote, for every toui
shares above ten and not exceeding tlli'-
|ty. one vote, for every six shares ABOVE
thirty and not exceeding sixty, one vote.
for every eight shares above sixty and
NOT exceeding one hundred, one vote, and
Cor every ten shares above that number
one vote every stakeholder may sell
and transfer his stock in the said bank
AT his pleasure, not being less than one
full share, the transfer being made in
the bank books, in the presence and with
the appreciation Of The proprietor, or his
affhrnPy: no such share shall
confer a right Of suffrage, which shall not
have been transferred regularly on the
books of the association. sixty days pre-
yious to the election !; and it shall be the
duty of the cashier to make out list OF
the stockholders with the amount of stock
by each of them held, at least thirty days
previous to any elections for the inspec-
ton of the stockholders.
Art. 6. No stockholder, or member OF
this institution. shall be answerable for
any losses, Deficiencies, or failures OF the
capital stock Of the said bank, for any
more or larger sum or sums Of money
whatsoever, than the amount OF stock or
shares which shalt appear by the books
of the said bank to belong to him at the
time the loss shall SO happen.
Art. 9TH. None but citizen Of the
United States, and stakeholder, shall
be eligible as president, director, or
commissioner, and the president, and d.
rectors, for the time being, shall give four
weeks public notice, IN the newspapers
of Alexandria, of the time and place of
holding the elections of directors and
commissioners,
Art. 8. The president and cashier
shall each of them give bond and secu-
rity for the faithful discharge of their
cuties to the satisfaction ofthe directors,
the other officers and servants shall take
an oath or affirmation, and give bond and
security to the satisfaction OF the presi-
dent and directors for the faithful dis
charge of the duties of their several Of
ices.
Art. 9. AllbAls, bonds, notes, and e.
very other contract or engagement, on
behalf OF this institution, shall be signed
by the president, and countersignei BY /
the cashier, and the funds of the bank
shall in no case be liable for any con-
tract or engagement, whatsoever, unless
the same be signed and cOuntersigned as
aforesaid.
Art. 10. In case of death, dis1ualif-
cation, or resignation Of the president,
or any director, or commissioners, officer.
or servant, of this institution, the board
Of directors shall, as soon as it may be
6il such vacancy; and in /
case of sickness, or necessary absence
Of the president, his place may be sup
Piled BY director, appointed, pro tenn
pore, by the president, in writing; or, on
ms failing to make such appointment,
the directors may appoint one Of their
own body.
Art. IL. The president and directors
shall not demand, or receive, greater
discount or interest than at the rate oil
one per cent. for sixty days, upon any
loans or advances Of money which they
may make. No stock shall be transfer
red while the holder thereof stands ac-|
tualiy indebted to the bank, the money
being due and unpaid, except the presi-
dent and directors shall otherwise or
derit.
Art. IL. Any number of stockholders,
not less than thirty. who together shall
be proprietors Of three thousand shares,
or upwards, shall have power at any time
to call a general meeting of the stockhold-
ers, fer purposes relative to the institu-
ton, giving at least, six weeks public
notice IN one or more newspapers Of the