Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-26

ElsvAY %fie SAME % ina commissioners a'a
It;me before the election closes, anu s'al
he counted in the choice Of directors an'
commissioners, and shall be entitled Z
q one vote fer each share. Every st9ck
holder may sell and transfer has stock i !
Isaitl bank, net beingless than one Wno
). share, the transfer being made IN al
,.Ebank books, in presence, and WIN tn'
i appreciation ofthe proprietor or MS law
: Ifnl attorney. No such share sha'i con
vlfer . right of suffrage, which shall no
shave been transferred regularly on TIL
books Of the association, sixty DAYS pre-
: v;ous 10 the election, and it shali be thu
flduty oftse cashier to make out list o
1.-THE stockholders, with the amount o
) stock by each of them held, at least thar
: ty days previous to any election, To- TN
biinspeetion of the stockholders. -
i Art. 6. None but citizen OF the =
States and stakeholder shall be sligl
bile as president director or compission
Ter. and the President and directors fci
: THE time being shall give foIr weeks pub
Eiic notice in the Newspapers OF AlexaR
,Idria Of the time and place except the
Ifirst] of holding the elections of dhec'
tors and commissioners.
/ Art. 9TH. The president and cashier
shall give bond and security For the faith.
lful performance of their duty, to the sa.
Itisfaction of the directors; the other Off.
| GERS, and servants shall take an cath or
affirmation, and give bond and security
satisfactory to the president and direc'
tors for tie faithful discharge OF theiI
several Offices.
Art. 8. All bills, bonds. notes and
every ether contract or engagement on
behalf of this institution shall be signed
lby the president, and counterslgned by
the cashier; and the funds OF the banE
y all in no wise be liable, unless they be
signed. and couRtersisned as aforesaid.
Art. 9Th. In case OF death. dlsqualltl-
cation, or resignation of the president or
any director. or commissioner, officer or
servant of this instit ton, The board OF
directors shall Sll such vacancy, and IN
case of the absence of the president. his
place may be supplied by a director
appointed protempore BY the president
in writing Or on his failing to make such
appointment, the directors may appoint
one of their own body.
Art. 10Th, The president and direc
tors shall not demand. or receive great
er discount. or interest than at the rate
Of one per cent for sixty days: and on
all sums above one hundred dollars, de-
posted for the space of sixty DAYS. there
nav be allowed an interest OF three per
cent per annum.
No stock shall be transferred while
the holder stands actually indebted to the
bank, the money being due and unpaid 1;
except the president and directors shall
order otherwise.
Art. 18th. Anv number OF stockhel-
ders not less than thirty, who together
shall be proprietors of five thousand
shares, or upwards, shall have power at
any time, to call a general meeting OF
the stockholders, for purposes relative to
the institution, giving at least SIX weeks
public notice in one or more newspapers
of the town of Alexandria, specifying in
said notice the object of such meeting.
Art. 18th. 1t shall be the duty of the
president to call a board of directors
on application in writing of three Of the
directors. whenever required.
The commissioners shall have power
to value the real estate every year, and.
If the value should be increased, they.
shall give a certificate to the director: 1
who shall ada the amount of increase til
TIE original subscription, and the holde,i
by paving to the bank, the amount in
money, Of such rise, shall be entitled f.,
receive dividend thereon. But on the
contrary, if the commissioners should re-
duce any real es-,te, they shall give t
the directors certificate of such reduc
ton, whs may stop the dividend on til
amount reduced.
Art. Is. This Institution shall continue
until the FIRST day of January eigbteer
hundred and forty. unless sooner dissol'
ed by a majority Of votes of the proprie
tors of the stock at general mestir
called for that purpose and the presl
dent and directors, at the expiration oil
said time, may if they should think il
proper, continue the same for lo0ge'
period, by making their decision Publlcl,
known by insertions six weeks previous
lily in some newspaper printed in the town
| of Alexandria.
] At. l4th. The nresident Y id direc