Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-27

t>laf3 Ia vote az ar election Tor 9Lt ecsvs q
Ind commissioners, either in peFscA' !. ef1I
lby. written ballot, BY him Of her suSscr.p71
led With his or her napne, and guy ~ -
'IknewIedged before justice q tnet Psaos'
! certificate whereof made IN the same,
lana said ballot shall be by hins seaieo
l,,,, and IN his hand writing, addressed
Ifa the cashier OF The bank. slso shasi de-
liver the sasae to the commissioners any
It;ma before the election closes, and shall
lie counted Ia the choice Of directors ana
/; commissioners, and shall be entitled TO
lone vote for each share. Every stock
holder may sell and transfer his stock nj
said bank. not being less than one whole
share, the transfer being made IA the
bank books, in presence, and win the|
appreciation ofthe proprietor or his law
lfnl attorney. No sach share shall con-
lfer right Of suffrage, which shall mott
have been transferred regularly on theI
books of the association, sixty davs pre- 1
|sieas TO the election. aud it shall be thel
duty oftse cashier to make oat list OF
the stockholders, with the amount OF
stock by each of tnen held, at least thir-I
|ty DAYS previous toany election, fof7theI
inspection of the stockholders.
Art. 6. None but citizen of the Y.
States aud a stakeholder shall be eiigi-l
Bile as president director or commission
Ter, and the President and directors for
the time being shall give four weeks pub
lie notice in the Newspapers Of Alexaa-t
dia Of the time and place Except the
frst) Of holding the elections of dnec-
tors aud commissioners.
Art. 9TH. The president and cashier
shah give bond and security for the iaith-
fBIi performance of their duty, to the sa-
tisfaction Of the directors; the other Off
GERS. and servants shall take an oath or
affirmation, aud give bond and security,
to the president and dlrec-
tors for the faithful discharge OF their
several offices.
Art. s. All bills. bonds. notes AID
every other contract or engagement On
behalf of this institution shall be signed
by the president, and countersigned by
the cashier; and the funds Of the bank
shall in no wise be liable. unless they be
signed, and countersigned as aforesaid.
Art. 9th. In case OF death. dlsquabG-
cation, or resignation OF the president or
any director, or commissioner, ofncer or
servant Of this instit ton, The board OF
directors shall fill such vacancy, and IN
case of the absence of the president, his
place may be supplied by directorI
protenpore bv the PRESIDENT
in writing o. on his falling to make such
appointment, Ike directors MAJ appoint
enc oftheir own body.
Art. 10th. The president and direc
tors shall not demand, or receive great
err discount, or interest than at the rate
at one per cent for sixty days: and on
all sums above enc hundred dollars, de-
posted for the space of sixty days. there
NAV be allowed an interest of three per
centper annum. /
No stock shall be transferred while
the holder stands actually Indebted to the
bank, the money being due and unpaid |,
except the president and directors shall
order otherwise.
Art. 18th. Anv number of stockhsl-!
llers not less than thirty, who togetherI
shall be- proprietors Of FIVE thousand
shares, or upwards, shall have power at
any tune, to call general meeting OF
the stockholders, for purposes relative to
the institution, giving at least six weeks
public notice in one or more newspapers
u the town Of Alexandria, specifying in
said notice the object of each meeting.
Art. l2th. Ii shall be the duty OF tbs
president to call a board of director
on application in writing of three OF tie
whenever required.
The commissioners shall have powe
TO value the real estate every year, ans
If the value should be increased, the
shall give certificate to the directors
who shall add the amount of increase t
the original subscription, and the holde
by paying to the bank, the amount j
money, of such rise, shall be entitled
receive dividend thereon. But on tie
contrary, if the commissioners shouldre
duce any real estate, they shall give -
the directors certificate of such reduc-l
ton, ~hs. may stop the dividend on the|
amount reduced.
Art. Is. This institution shall CONTINUED
until the first day Of January eighteeni
and forty. unless sooner dissolyI
ed by majority of votes of the proprie-
tors of the stock at general meetingI
called for that purpose and the presi-
.leat and directors, at the expiration of