Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-22

ss;Tav n Z Narse a the G0Snsa issief - lll
ltims tslvEs tie election closes, ana sha' I
Ehe counted ia The choice pf aifee tors sppI
4 ca,4 rsissioners. aud shall be entitled e
onn vote For each share. svery stosk1s
holder may sell and transfer bus STOCK ! -
Isaia bank, net being less than one ws \,
Ishare. tie tTansfer being MADE e y. W.
.IbanIs books, in presence, and Win sps
aui,Fobation Of the proprietor or his law-
IS. st at,nrney. No such share shalt con-
fer : right a suffrage, which shall snos
have been frrnsferrsd regularly On u'e
.lboolss az the association, sixty days pre-.
v;oBs to the election, aud Il shall be me 9
'IdMtv Of i've cashier to make out list o. 1
Ina stock holSers, With the aulasnf of
lstaek Sby each Of TEEN held, at least thl g,
.lfs sIavs previous to any election, iof ne
,Iinsperfion of The Stockholders.
Art. 6. None buta citizen O me Y !.
STATES and stGckhelder shall be e!iSf7S
ibIe As Observation-Disclosures or comm NJ
ler. and the President aud directors for
{ tie time being shall give four weeks pub
iic notice in the Newspapers Of Alexaa5
;tllia Of the time and Ejace except the
first Of haldirg The elections Oh di'ee1
tors and commissioners.
/ Art. 7th. 3lle president and cashier
shall give bead and security .r the faith
FIJI performancayo their duty. to the sa-
tisfsction Of the directors; the other oiii-
Ieers, and servants sEalltake an cath or
affirmation, and give bund and security,
satisfactory to the president ard direc-
tors for tie faithful discharge OF their
several Offices.
/ ART. 8. al bills. bonds. notes and
ieyery other contract or engagement on
behalf Of this institution shall be signed
!by the rresideot. and countersigned by
tile cashier; and the funds Of the bank
shall 10 no sisebe liable, unless they De
Isignet!. and copntersigned as aforesaid.
Art, 9Th. incase al death. dlsqualifl-
eaten. or resignation of the president or
ANY director. or commissioner. oiiieer or
servant Of this institstien, the board OF
directors shall Eli such vacancy, and IN
case ofthe absence Oft president, ms
place may be supplied by a director
appointed pretempere by the president
in writing or ennis failing to make such
appointment, tie directors may appoint
ere of their ewn hady.
Art. 10th. The president and direc-
tors shall notdemand. orreceive great
FER discount, or interest; than at the rate
Eef one per cent for sixty DAYS; aud on
ALI suns 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 tetfte
bank. the money being due and unpaid
except the president and directors shall
order otherwise.
Art. 18th. Anv rurber Of st0ckhei-i
Iiers net less thaa tlnty, who together r
shall be proprietors Of five thousand
shares, or upwards. shall have power at,
any time, to cal general meeting OF.
the Stockholders, Tor purposes relative to,
the institution, giving at least SIX weeks,
public notice in one or more newspapers
ct the town Of sleSandyia, specifying IN
said Botice the objectof such meeting
Art. 18th. It shall be the duty .! tsei
president to call board OF directors
On application in writing Of three OF the,
directors. Whenever required
The commissioners shall have powers
| to value the real estate every year. andj
Iif; tie value should be increased, they'll
shall Give certificate to the director, ]
who shall add tie amount of increase tol
the original subscription, and the hold !
Iby PAYING to the bank. the amount II
money. Of such rise. shall be entitled IL
receive dividend tn feon. But on L
contrary, if the commissioners should &c
duce any real estate, they SHALL give
the directors a certificate OF such reeo
!tion, wbe may step the dividend Oh t
amount reduced.
Art. Is. This institution shall centinQ
IantiI the FIRST day Of January eightet
Ihuedredand forty. unless sooner dissol'
ed by a majority of yefes of the pfoprie-
tors Of the stock at a general meet'
called for that purpose: and the prer|-
dent and directors. at the expiration q
( said time, may if they should think i
lproper, continue the same for longeiI
period, by making their decision publicly