Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-12

S"'N obu StlfSTs one
~ u 1A' - 100000
The subscriptions Of 6 per cent Y s,os,
to De at par.
The subscriptions Of 9 per cent sto.,.
to be at Sc per cent. 'A
Ihe subscriptions Off per cent sto,l
to be at lG6 81 per cent.
5. The subscriptions in public ,sh
may be discharged at pleasure pl l..
the government, at the rate at xh;.s S
it is subscribed. 'A''a
=. The subscriptions Of corpora.;o,.
or individuals to be payable BY 'i IN.
stalments. IN
~ Specie, at subscribing.
On each share 5 dolls. l4ooooo
At 3 months 5 dolls. l4e0 ooo
AT IL months S dolls. l.4OO'oN
At 10 months, 10 dolls. 2,soOOoo
7.OOO,OM
~ Pablic debt, at subscribing,
Each share IS dolls. 7.Of0OON
AT e mouths 25 dolls. 7.OOO,OOo
At II months Is dolls. 100000
sS,O0O.GO0
:. The subscriptions Of the United
States tobe paid in instalments, not
extending beyond a period Of T
years the first instalments to be
paid, at the pleasure Of govern.
ment. either
In gold and silver F; or
In per cent stock. redeemable at
TIE pleasure Of the government,
In treasury notes, not fundable, ror
bearing interest nor payable at a
particular time, but receivable in
all payments to the bank. with a
right On the part of the Bark TO-
reissue the treasury notes 50
paid from time to time, until tseT
are discharged by payments to
the government.
s. Tie bank shall be at liberty to sell
the stock portion of its capital, TO
an amount not exceeding in
any one year but if the sales are
intended to be effected in tie Init
ed States, notice thereof hall be
given to tho Secretary of the Trea-
sury that the commissioners Of the
sinking fund may, if they please,
become the purchasers, at the mar
ket price, not exceeding par.
III The government Of the bcnk.
/. The bank shall be established at
Philadelphia, with power to erect
branches, or to employ state banks
as branches elsewhere.
9. There shall be Is directors Tor the
bank at Philadelphia. and Is d,rec-
tors for each of the branches. where
branches are erected. with the usual
dess iptien and number of officers
8. The President of the United States,
vith-the advice and consent OF ths
Senate. shall annually appoint ~
the directors of the bank at Phlls'
delphia.
q. The qualified stockholders shan
annually elect 90 Of the directors
Of the bank at Philaselphla, bu' e
portion of the directors shall s
charged at every anoual election.
upon the principle Of rotation.
5. The directors Of the bari at Phl'a.
delphia, shall annually. at their firs
meeting after their election, chpSs
one of the five directors apsolffed
by the President and Senate OF tie
United States, to be President o.
the bank; and the President OF 'Fs
bank shall always be re-elislOle .
re-appointed. ,,a
6. The directors of the bank at Phla:
delphia. shall annua ~ appoint 70
directors for each Of the bra cifs
where brar ches are erected. a'e
shall transmit a list of the Fe's"''
appointed to the Secretary o. ''''
Treasury.
2. The Secretary o. the Treasury
with the approbatinr Of the f :! :,
dent of the United States s'la'i a." %,
nuallv designate from the list OF I've =.
branch directors. the person - :, !,
the President OF the rssi'sc'"'
branches. .be
g. None bat resident citizens o. r.
United states SHALL be directors"
The bank or its branches. Il.
9. The stockholders may vo'e ~ hn,
recters in person or BY p.osY :. ;1ens
DO stockholder, no is not re t;Ine