Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-13

lfAE7 e4t fN kRR HN 81 z staF ss - 80 -
wssich tie said real state 1sas ken y
1oId 81 sIIyeEs i heir legal vslsae,
Alts s. And for hs well goverhiD.
/ the sfIaTs ii she gsaid eupip shers
lshall be eighteen directors. og whom
lsball be residents Of shs state 81 Virginia
land eighteen standing cofnsni ssaoRer'
Ielected within FIVE dass after the stotl
lis s0bsckihed; 4 any 6Sef EhaTi resnec
lively may form a board @ do buslDbs,l
and an. election shall be held Fora llEs
lnnnlber of directors and commission Ee.,s
Ion the first Monday 10 Eebruars u eacf
1 year thereafter, by the Stockholders II
lsaid Institution, and By 4 plpralltv q
Votes actually given in. and those 1lle
shals besiuIy chosen at such election, shat
IBe capable Of serving as directors an
"Reminiscences ~ virtue 30f4sucls .cheics
luntil the end OF expiration Of tire fIrS'
i MONDAY in February next; ensuing ths
Itims Of such election & until othefs shat
3fbe chosen and the said directors at theli
tfrst meeting, after each election shat
sIehuse PRESIDENT from among their ctyi
abbaY. g. III case it should at any tilD'
lso AaBnen FIAT an election ct ditectbr::
sagd commissioners SHOULD not takepl
iattFe times directed BY These articles G
ASSOCIATION, il shall be the duty of the
) PRESIDENT afa directors for. the time
IbeiAS to order an election as soon there,
.lafteg as circumstances viii permit.
i = Ar. 4. be beafd of directors by Q
.snaiofitg of votes shall have ,puuer t
,Inake all necessary bye laws, determine
the man,ser Of doing business and the
ifaies and forms 20 be pursued, dispose
LOT the money and creditOf the bank, IN
,fsucb manner. as may seem tothenl best
.Ecalculateil to promote the interest Of
.lthe stoekliohlers--a majority Of the whole
Number OF directors shall be necessary
jim the CHOICE If a president. cashier. and
1.-THE other officers Of the bank. and to de-
itermine ON suitable compensation for
their services.
J Art. 5. Observation-Disclosures being ci-
itizen eftte Esited States; shall ne en-
titled 10 Il vote at elections. for direc-
tors and commissioners, either in person
or bY a written ballot by him or her sub
scri5ed, wifi his or her name. and duly
acknowledged before a justice Of the
speace, certificate whereof made in the
same aud SAID ballot, shall ee by hins
sealed ur, and in his hand writing, ad
dressed tofhe cashier of the bank, who
( shall deliver the same to- the comlnis-
tsioners any. time before the election is
closed. and shall be counted in the
jchoice Of directors and commissioners.
The number Of sstes to which each stock
holder shall be entitled, shall be ac-
Ecording TO the numser OF shares he shall
hold, in the proportion following, that
is to say For one share and not Eole,
than two shares, one vote each share,
and every two shafes above two and not
exceeding ten, one vote. for every four
shares above ten aud not exceeding thlr-
ty-. ore vote, for every six star. above
thirty and not exceeding sixty, one vote
for every eight . ares above sixty andI
not exceeding one hundred, one vote, and
for every ten shares aboye one hundred.
oneyote but no pei j co-paftnershlpI
OF body polite shall be entitled IN his or
their own right, or as proxy, to great
er number than thirty votes, ard aftefI
the first election no share or sharesI
shall confer right of suffrage which,
shall not have been bOlden two calender
months previous 10 the day OF elect
tea. Every stakeholder may sell
and transfer bis stock in the said bank
at his pleasure, rot being less than one
full share, the transfer being made I'M
the bank books, in The presence aud WIN
Che appreciation Of the proprietor, or his
lawful attorney no such share shall
confer right Of sEifrage, which shall not
have been transferred regularly on $he
books Of the association. sixty days pre-
vious to the election and it shall be the
duty of the cashier to make out hist Of
the stockholders Niththe amount OF stock
by each of themleld. at least thirty days
previous to any elections for the inspec-
ton of the stockholders.
Art. 9th. None but citizen OF the
United States, aud stockholder, shall
be eligible as president, director, or
commissioner, and the president, and d.
rectors, for the, tune being, shall give four
weeks public notice. III the newspapers
of Alexandria. Of the time and place OF
holding the. elections Of directors and