Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-24

il;xer lhe same 10 the commissioner snyI
lt;mv before the election closes, and 81 shai
he counted il the choice Of directors an'sI
commissioners, and shall pc emitted $
Eone vote for each share. Every stock
holder may sell and transfer his stoc l -
said bank, net being less than enc Wn %
share. the transfer being made IN incl
bank books, in presence, ana %itn .ne
lapprobation of the proprietor or ms law
| fnl attorney. No such share snah con-
fer r;ebf cf suffrage, which shall noe
have beep transferred regularly on theI
hooks Of the association, sixty days pref
yious to the election, and 1T shall De tne
duty ofthe cashier to make out iist OF
the stockholders, with the amount 81
stock by each of them held, at least thlr-E
Ity DAYS previous to any election, fo' theI
;nsnection of the stockholders. II
Art. s. None but citizen OF the = /
States and stakeholder shall De silgl-I
BILE as president director or commission
er. and the President and directors tori
the time being shall give four weeks pub
lie notice in the Newspapers OF AiexaR |
dria of the time and place except thel
firstl of holding the elections OF dnec-i
tors and commissioners.
Art. 9TH. The president and cashier
shall rive bond and security for the faith
Full performance of their duty, to the sa-
tisfaction of the directors; the other Off
GERS. and servants shall take an oath or
affirmation. and give bond ard securltlys
satisfactory to the president and dlrecs
ltors for the faithful discharge oil their
several offices. :,
! Art. 8. All bills. bonds. notes ana
every ether contract OF engagement Oh
behalf OF this institution shall be slshea
;by the president, and countersigned Oy
1.-THE cashier; and the funds OF the bapK
shan in no wise be liable, unless they be
signed, and couritersigned as aforesaid.
| Art. 9Th. In case OF deatb' dIsqualih-
cation, or resignation ofthe Pfeslnueh' VI
any director. or commissioner, oiilcer or
servant If thus Institution, the board OF
directors shall ill such vacancy, ana IN
case of the absence of the president, his
place may be supplied by director
appointed protempore by the president
in writing AZ 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
err discount, or interest; than at the rate
Of one per cent for sixty days: and on
all sums above one hundred dollar, de-
Iposited for the space of sixty days, there
may be allowed an interest Of three per
cant per annum.
| No stock shall be transferred while
the holder stands actually indebted to the
bank, the money being due aud unfais !;
except the president and directors Snail
Iorder otherwise.
Art. 18th. Anv number of steckhei-
ders not less than thirty, who together
shall be proprietors Of FIVE thousand
shares, or upwards, shall have power at
any time, to call general meeting OF
the stockholders, for purposes relative to
! the institution, giving at least six weeks
public notice III ose or more newspapers
el the town of Alexandria, specifying IN
said neticr the object of such meeting.
/ Art. 18th. 1t shall be the duty of the
president to call board of directors
on application in writing Of three Of the
directors. whenever required.
Fhe commissioners shall have powerI
Ito value the real estate every year, and
lif the value should be increased they
shall give certificate to the directors.
Iwho shall add the amount of increase toI
the original subscription, and the holder
by paying to the bank, the amount ln4
money, of such rise, shall be entitled I'll
ireceivea dividend thereon. But on the
contrary, if the commissioners should re
/ dsce any real estate, they shall give t
1.-The directors a certificate of such reduo
ltion. WIS nay stop the dividend ON IT,
amount reducea.
! Art. Is. 1bi- institution shall continue
until the first day of January eighteel
hundred and forty. unless sooner dissol,
ed by maierity Of votes of the proprie
tors of the stock at general meetiu.
called for that purpose: and the presi-
dent and directors, at the expiration pi
said time, may if they should think il
proper. continue the same for longe
period, by making their decision publicly
known by insertions six weeks previous
" in some newspaper printed in the town
of Alexandria.
| Art. 18th. The president and direc-