Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-05-19
Articles Of Association.
! Articles OF AsSocla5lOH OH.
Forming, d Company Of Limited Part
nerstip, 10 establish B.aJvK acitha'
the To,oa Of .aleaaadria to Be denom'
mated
The Merchants Bank of
Alexandria.

The Merchants lSank OF
Alexandra.
nEi it known and made manifest. that
I'D we the subscribers have formed a
company of limited partnership, and do
hereby associate and agree with each O.
thar to conduct the business in the man
ner hereinafter described and specified
by and under the name and style of the
Merchants Bank of Alexandria, and we
do hereby mutually covenant and agree
that the following rules and restrictions
shall be the fundamental articles of this
our association and agreement with each
other. by which we and all persons who
at any time hereafter may transact bust
ness with thesaid Company shall be bound
and concluded.
Article /.
The Capital Stock of said Company
may consist of One Million of Dollars,
divided into shares Of One Hundred Dol
lars each, to be paid as folloWs-Ten del
lars on each share at the time of subscrib-
ing. The President and Directors may.
call for ten dollars more upon each share
in sixty days after, giving thirty days
notice thereof, and tie remainder at sucls
times and in such sums as the President
and directors NAV order; provided fiat
they do not call for any payment in less
time than thirty DAYS from the date Ct.
public notice thereof in the Alexandria
Newspapers, nor for more than five dol
lars on each STARE at any one time, and
the subscription towards constituting the
said stock, shall be opened at the City Ia
yern Triplett's, in the Town of AleXan-
dria on the god day of May, 1915, at
the hour of II o'clock in the forenoon.
and shall continue oren until so'c!ock in
the afternoon, and may lie opened in like
manner from day to day until the sum Of
One Million of Dollars be subscribed. IN
der the superintendent of Nimrod Far
row, Samuel Amin, Jehn Newman, Sa-
muel Ashby, John ID. simms, John Jack
son. Col. VIM. Tyler, Jose,h Mandesiite
Edmund Brooke, F. Marsteller. ID. So
mers /; orso many thereof as may be pre-
sent to act as commissioners therein.
article 9.
The subscription being closed as afore-
said, the Commissioners or any FIVE of
them shall forthwith advertise meeting
of the subscribers for the purpose ofelcct-
inc from among the stockholders thirteen
Directors to conduct. the affairs of the
company, and those persons who shall be
duly chosen at said election, shall be ca
ps6le of serving as Directors until tire
first Monday in June in tie year 1916.
and until other Directors are chosen, and
the said directors at their first meeting
shall choose Il President from their own
body who shall at the tine be a stockhoi-
der AID citizen OF tire United States, and
they shall also appoint such officers and
antsunder them as may be necessary
for executing the business OF the company,
allowing to them such compensation for
thei. services respectively as shall lie rea-
sonable. The President and Directors
shall determine upon tie rules ard forms
of conducting tae business and shall dis
.pose OF the money and credit of tire Eank
in such manner as sEaH appear to them
best calculated to promote the interest of
the proprietors.
.9rticle s.
TIE second election of directors shall
be on the first Monday in June, 1916,
and tie annual elections thereafter on the,
same day and month in TIE Town of A
lexandria at such place and under such
regulations as the Directors fer the time
being may prescribe, aud the stockhol-
ders Shall vote at all such elections by bal
lot, either in person or by proxy. and the
number of votes of each stakeholder shall
be according to the number Of shares he
shall hold.
.4rticLe 4.
One month previous to each election of
Directors the Cashier shall cause to be
made out a correct list of all the stock
holders which shall be subject to tie ex-
animation of this institution.
.eatiele 5.
A majority of the whole number of Di-
rectors shall be necessary in the choice
of President, Cashier and the other Of
ficers and servants of the Bank, but three
Directors with the President may con-
stitute board for transacting the ordina-
ry affairs of the Bank.
.frticde 6.
The President ard Directors shall, as
soon as they may deemit expedient, de
clare dividend of profits, and every half
year thereafter shall make and declare