Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-18

4<& 88fSut NJ ttac $500 &c stsN - 80.
sws;ch TIE said real estate was & kesIy 10
void Or skier ii tlleif legal value.
Art 81 And for the well governing
he aIzairs Of The said company. there
shall be eighteen directors, 10 OF whom
shall be residences Of the state ct Virginia.
and eighteen standing commissioners
elected within FIVE s..sjjs after the stock
Is subscribed, any five Of whom fespec.
lively may lorna board to do business
and ain election shall be held fer q like
number of directors and cctamissioners
Ion the first Monday IN February ia each
year thereafter, by the stockholders o.
said institution, and by q plurality Of
|vctes actually given in, and those who
shall be duly chosen at such election, shall
he capable of seryiRs as directors and
lcommissioners by virtue of such clRice
until the end on expiration OF the mrs.
Monday in February next, ensuing the
time Of such election 4 until others shall
lbe chosen. aad tie said directors at Their
first meeting. aficr each election shall
jchuse a president from amang their OWE
Ibods. Ia case it should at any time
$50 happen that an election of directors
ia Il! commissioners should not take place
lat the time directed By these articles Of
association, it shasl be the duty of the
Ipresi.lent and directors for the time
being to order al election as soon there.
laiter.ass circumstances will permit.
Art. A. The board OF directors by a
majority of votes shall have power t.
make all necessary bye laws, determine
Itlle manner Of doing business and the
lnules aud ionas 20 be pursued, dispose
LOT tie money and credit OF the bank, in
Isnch manner as may seem to them best
,ea!cuIatcI to promote the interest o!
Tile stockllolde, s--a majority of the whole
|nulnber oil directors shall be necessary
in the choice of a president. cashier, ant
the other officers Of the baak, and to de-
lterlnine on a suitable compensation for
their services.
Art. 5. Every stockholdcr being ci-
ifizen of the United States. shall be en-
fitted TO a vote at elections. for diree-
tors and commissioners, either in person
Icr by written ballot by him Or her sub,
iscyibed, with his orhcr name. and duly
acknowledged before a Justice Of the
lpeace, certificate whereof made IN TIE
Iseme and SAID ballot, shalt be by him
sealed up, and in his hand writing. ad
dressed to the cashier of the bank, who
shall deliver the same to the ceminis-
lsioneys any time before the election is
llc..Jsed, and shall DE counted IN the
lchoice of directors and commissioners.
lrhe number of votes TO which each stock
holder shall be entitled, shall be ac-
Icording to the number OF shares he shall
hold. in the proportion following, that
lis to say ;--Forone share and not more
than two shares, one vote f + each share.
and every two shares above two and rot
sexceeding ten. one vote, tor every tour
shares above ten and not exceeding thir-
Ity, one vote, for every six shares above
thirty and not exceeding sixty, one vote.
for every eight shares above sixty and
DOT exceeding enc hundred, one vote, and
/ for every ten shares above one hundred.
leae vate: but no person cU-rartnefshii
or body polite shah be entitled in his o.
their own right, or as proxy, to great
Ter number than thirty votes, and atte-
1.-The first election no share or shares
shall conte. right of suffrage which
shall not have been holden two calender
months previous 60 the day Of cleo
ticn. Every stockholder may sell
land transfer his stock il the said bank
lat his pleasure, not being less than one
lfullishare, tie transfer being made 10
lthe bank books, in the presence and with
| the appreciation Of the pr prietor, OF his
lawful attorney: no such share shall
tconler right Of suffrage, which shall not
have been transferred regularly on the
hooks of the association. sixty days pre-.
lvio1s TO the.election; and it shall be the
.lluty of the cashier to make out a list q
1.-The stockholders with the amount OF stock
Iby each Of them held. at least thirty day
''lpreyieus to any elections for the inspec
'ltion of the Stockholders.
! Art. 9th. None but citizen OF thi
limited States, and a stakeholder. shall
'Ibe eligible as a president, director, 9
lcommissioncr, and the president. aud oil
directors, for the time being, shall give lou
rlweeks public notice, IN the newspaper
,lof Alexandria, of the time and place o
.lholdins the elections OF directors ant
commissioners.
n A,.& .l,ka ,N,ncs1cuf and casIilpl