Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-09

ajIiAe 80 nsa ke such spenE'
be lireeFSfs my 4ppsint eng q tpel1
Ait. 10. 1he sideilt and directors
|sllaI tiot den add, 6r i've, & greater
iseo6nf 81 Interest than q the fate q
NE ber cent fof SIXTY days. upon ans
SANS 81 advances 0f rilbfey which they
nav make. No stock shall be trallsfer:
FED while the holder thereof stands ac.
|sIaIlv inElebted to the bank the titoheY
,eins dile md unpaid, except the presl.
dent AMI directors shall otherwise Or
|aee It.
All Any number cE stockholders.
not leYs than thirty, who together shall
5e pSS, drietors of three thousand shares:
Iar 1 ;swabtl !, SHAH have poSs at any time
rs cSl 4 general lnestiE & Of the stockhold-
Srs: lOr purposes relative 10 The institu-
tian, giving Ut least, Six weeks public
notice IN one OF mere newspapersoF the
Gown DC AIexAndFja, specifying in such
notice gEenbieetof such meeting.
( Art. l2. e shall be the duty of the
EpFesilientfo callia board 1t directors on
Of three directors inlwliting,
1wheneser thereto reqpiresl, and the Conn
inissioners shall have power 10 value the
real property and raise OF diminish The
value thereof, according ii its real value
when Thereto required by the
pssson Subscribing the same and by
order Of tic President and directors ;
and it the value should be encreasz
ed they shall give 4 certificate TO
the directors who shall atld Il to the orr
QitaaI subscription, and the hoIderthereot
saying in the same am09at ia money, as
the real estate isfaised h value, be shall
be entitled to receive dividend thereon,
Tie same as on tbe OriginAl subscriptions
but on the contrary il the commissioners
should reduce any real estate, and give
the directors d certificate specifying the
amount ofsuch reduction, the directors
shallbaye power to stop the dividend on
the same.
s ART is. This institution shall COM
tinus until the first day Of January.
iandred and forty, unless soon
ef dissolved by a lnHierity of votes of
the peopfietors If the stock at general
called for that purpose, and the
and directors at the expiration
II said time lnayif they should See pro-
per continue the same for q longer peri
making their decision publicly
iSn08n BY insertions in some newspapers
nfhe town Of alexandria six weeks pre-
yisusly.
Art. Ia. The president and directors
shall as SION as hey MAY think proper,
declare adiyidende profits on the ca.
oifal stock paid In; but no stakeholder
shall be- eRtifletllto a dividend on real
estate subscribed beyond the amount of
dividend on the money he has paid in,
and every half year thereafter shalt
make. AMI declare such dividends Of
Profits as they Faay,lcem proper. proyid-
"a that no slsch aiSidend shall impair
tie capital stock of the bank, and no Dir
pidend shall be declaEelb except byia j
majority iot all the directors ;andsit snail
5e the lutysof the president and direct
Dis, to cause a petition to.be prepared
ind presented 10 the genetal assembly
ii Virginia PRAYING at honorable bfsll
% pass an act to incorporate tie Real
Estate Bank Of the United states, and
he said president ard directors shall not
,ut tie said bank iuto operation withon.i
awful authority, nersuntil one hunsifed
dollars shall have been paid IN. |
Art. is. The real estate bank OF the |
D. States shall be located in tllet first m
stance at Wet Fad, in the county dfl
EaiIfax, but the president and directors
with the concurrence Of two tliIfls of
thatbody e,ay remove the said bank toI
suct place in the yiciuitYof the town q
as they may deem most eli
ribIe for successful operation.
Art. I6, On The dissolution Of this IN;
stitutipn, whcneYer:t the same may take
place. elfectlally measures shall immedi-|
ately be taken By the president and d.
then inofice, for closing, all the
concerns Of this institution, and for d.
viding the capital and profits, which
may thenremain, among the stockhold-
eFs IN pfopartion til their respective IN
terests, and transfer to each subscriber.
his, heirs or assigns, the same real estate.
as was subscribed BY him.
Art. AZ. Real estate consisting In
houses, mills or other buildings, shall
not be taken bv the bank as part Of the
subscription, nor as security for money