Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-23

Et;~an # the United States. shall De enti-
ItIed 4, vote at an election for directors
land commissioners, either in person. OF
Inv written ballot, by him or her suDscrlO-
Ied with his or her name, and duly ac-
lknowledged before justice Of the psace'
4 certificate whereof made in the same !;
and said ballot shall be BY him seaiesl
lup. and in his hand writing. aaare e
In 4he cashier of the bank, who shail ne
El;var4be same to the commissioners any
| fine before the election closes. and sinai,
ha counted in the choice OF directors and
commissioners. and shall be entitled to
one vote for each share. Every stock
holder may sell aud transfer his stock IN
SAID bank, nat being less than one Whoic
Ishare. the transfer being made N the
bank books, in presence, and WIN the
appreciation Of the proprietor or his laf-
full attorney. No such share shall con-
fer right of suffrage. which shall not
have been transferred regularly on ire
books Of the association, sixty dass pre-
ly;ous Il, the election. and it shall be the
duty oftle cashier to make out list OF
the stockholders, with the amount OF
stock By each Of them held. at least thlr-
lty DAYS preyieus to any election. 10 the
inspection Of the stockto oilers.
| Art. 6. None but IA citizen of the U.
States and stakeholder shall be eiisis
bile as president director OF cenr i.sion-
Ter, and the President and directors Tor
the fine being shall give four weeks apb.
lie notice in the Newspapers al A'exaae
idria Of the tiDe ard place tez cent the
'irst) of hoIding the elections OF Oh &c
tors and commissioners.
Art. 9TH. The president ano cashier
shall give bond and security fer the ia ~
Iful performance of their duty, to the Sd "a
l+isfaction Of tie directors; the other "n'-
icers. and servants shall take an oato OF
affirmation. and give. bond AID security
satisfactory to tie president aud dlrec-
tors for the faithful discharge Oh their
several efices.
| Art. 8. All bills. bonds. notes ana
tevery other contract or engagement on
behalf of this institution shall be signed
BY the president. and connter>lgned by
the cashier; and tie funds of tie bank
shall in no wise be liable. unless they be
signed. and countersigned As Aforesaid.
| Art. 9th. In case OF death. disquaill-
cation, or resignation of tie president "r
any director, or commissioner, otlcer or
servant Of this instit ten, the board OF
directors shall fill such vacancy, and ia
ease of the absence Of the president. his
place may be supplied by director
appointed protempore by the president
lin writing or on his falling to make such
appointment, tie directors may appoint
one of their own body.
Art. lGth. The president and d!rec
tors shall not demand orreeelve great
er discount, or interest; than at the rate
eff one per cent for sixty DAYS: and en-
all sums above one hundred dollars, de-
posted for the space of sixty days there
NAV be allowed ara iAtereet ei thfoc per
cent per annum.
No stock shall be transferred while
the holder stands actually Indebted to the
bank, tie money being due and un:ald:
except the president and directors snail
order otherwise.
Art. 18th. ANY number Of Stocked,
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 toI
the institution, giving at least six weeks
pubic notice in one or more newspapers
Of the town of Alexandria. specifying mi
said notice the object Of such meeting.
Art. 18th. II shall be the duty OF thel
president to cali board of directors
on application in writing of three Of thtl
directors, whenever required.
The commissioners shall have po"el
to value the real estate every year a"
if the value should be Increased me!
shall give certificate to the dlfec'ors.
who shall add the amount OF increase Z
the original subscription, and the oo'ds
by having to the bank, the amount
money. Of such rise, shall be entitled +
receive dividend thereon. But on tbs
contrary, if the commissioners should re
duce any real estate, they shall give t
the directors certificate of such reduc
ton, who may stop the dividend on theI
amount reduced.
Art. Is. This institution shall continue
until the first day of January eightetn
hundred and forty, unless sooner dissols-
ed BY majority of votes of the proprie-