Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-29

lfNaF Che 94Rse tc the com ssl e a
lf;ma before the election closes, and shall !
lie counted III the, choice OF direc tors 3.
/ com nissioners, and shall be entttleV B, g
lone vote for each share. Every ssg ,s,s.
Iholder NAV sell and transfer his stock % y y
Isa;d hank. net being less than one whole
share. the transfer being made 3. u tn g
bank books, in presence, ana Wst', tns
.IanDrosation Of the proprietor OF ms 1aW-
lf, Ell attarney. No such share shall con- q
Far 5 r;ehf Of suffrage, which shall not
Ssye baea transferred regularly on the
books Of the association, sixty days pre- y
yious to the election, and It shall De inc I
Edaty oftse cashier to make out a Inst q
the stockholders, with the amount o.
] stock BY each of them held, at least tilif-
lty DAYS previous to any election, tof the
Iinspection of the stockholders.
Art. g.. None but a citizen OF the y !.
states and stakeholder shall be ellgl-
Ible as president director or c0mmlsslon-
Ter. and the President and directors Tor
the time being shall give four weeks pub
lie notice IN the Newspapers of Alexaas77
dria Of the time aud place Except the
|frst) Of holding the elections Of ahec'
tors and commissioners.
Art. 9TH. The president and cashier
shall give bond and security for the fatth-
full performance of their duty, to the sa-
tisfaction of fhe directors; the other on ON
GERS. and servants shall take an OATH or
affirmation, and give bond and security
satisfactory to the president and dlrec-
tors for the faithful discharge OF their
several offices. !,
Art. 8. All bills, bonds. notes ana
every other contract or engagement on
behalf of this Institution shall he slsheq
|by the president. and copntersignted y
tie cashier; and the funds Of the bank
shall In no wise be liable. unless they De
signed, aud countersigned as aforesaid.
Art. 9th. In case OF death, disqualin-
cation, OF resignation of the president or
any director, or commissioner, oihcer or
servant Of this institution, he board OF
directors shall fill such vacancy, and III
case of the absence of the president, his
place may be supplied by director
appointed protempore. BY the president
in writing o. on his falling to make such
the directors may. appoint
one of their own body.
Art. 10Th. The president and dTec-
tors shall not demand, or receive great,
er discount, orinterest /; than at tie rate
Of one percent fer sixty days: and on
all sums above enc hundred dollars, de-
posted for the space Of sixty days there,
may be allowed an interest ct three per
cent per annum.
No stock shall be transferred while.
the holder stands actually indebted g the,
bank. the money being due and pntaid $
except the president and directors shall
order otherwise.
Art. 18th. ANY number of stockh0l-
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, i ING at least six weeks
public notice ia one or more newspapers.
of the town of Alexandria, specifying an
said notice the object Of such meeting.
Art. 18th. Ii shall be the duty of the
president to call board of directors;
on application in writing of three of theI
directors, whenever required.
The commissioners shall have pewerI
to value the real estate every year, andI
Iif the value should be increased theyl
Shall give certificate to the directors
who shall add the amount of increase tol
The original subscription, and the holder
by paving to the bank, the amount M
money. of such rise. shall be entitled I'll
receive a dividend thereon. But on theI
contrary, if the commissioners should re
tluce any real estate, they shall give t !
the directors certificate Of such reduc
ton. whs may stop the dividend on the
amount reduced.
Ark Is. This institution shall continue
until the first day of January eighteel
and forty, unless sooner dissG!y 4
ed by a eaajsrity of Votes of the proprie1
tors of the stock, at a general meetins
called for that purpose; and the presi
dent and directors, at the expiration o.
said time, may if they should think il
proper, continue the same for loages
period, by making helrdecision publicly
known by insertions six weeks previous
|ly in some newspaper printed IN the town
of Alexandria.
Art. l4th. The president and dilec-
| tors shall as soon as they think proper.