Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-01-25

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'Itled ID, vote atian election for directors
land commissioners, either in person. Or
Iby written ballot, by him or her subscrib-
led with MS or her name, and duly ae,
lknowledged before a justiceof the peace
a certificate whereof made in the same,
and said ballot shall be by him sealed
Iup. and in his hard writing, addressed
Ito the cashier of the bank, who shall &C.
liver the same to the commissioners any
time before the election closes, and snail !
lie counted in the choice OF directors and
commissioners. and shall be entitled to
one vote for each share. Every stock
holder may sell and transfer his stock in
said bank, not being less than one whole
share, the transfer being made in the
bank books, in presence, and with the
Appreciation of the proprietor or his law
Iful attorney. No such share shall con-
Tier a, right Of suffrage, which shall not
have been transferred regularly on the
books of the association, sixty days pre-
lvious TO the election, and it shall be the
duty oftae cashier to make out list OF
the stockholders, with the amount of
stock by each Of them held, at least thir-
|ty days previous to any election, to- the
of the stockholders.
Art. s. None but a citizen of the u.
States and stakeholder shall be Ciigi.
Ible as president director or camnsission-
Ter. and the President and directors for
the time being shall give four weeks pub
Ilic notice in the Newspapers of Alexan-
Idna Of the time and place Except the
I6rst) of holding the elections of dnec'
tors and commissioners.
Art. 9TH. The president and cashier
shalt give bond aud security For the faith
lful performance Of their duty, TO the sa.
I+isfaction Of the directors the other 9TH
GERS, and servants shall take an oath or
affirmation, and give bond and security,
satisfactory to the president and direc-
tors for the faithful discharge OF their
several offices.
Art. s. AL bills, bonds. notes and
every other contract or engagement on
Ihehalf 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 DO
|signed, and countersigned as aforesaid.
Art. 9th. In case OF death, disqualifi-
cation, or resignation of the president or
any director, or commissioner, officer 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 director
appointed protempore by the president
in writing o. on his failing to make such
appointment, the directors may appoint
enc of their own body.
Art. 10th. The president and direc-
tors shall not demand, or reeeivea great
er discount, or interest than at the rate
Of one per cent for sixty days: and on
all sums above one hundred dollars, de-
posted for the space of sixty days, there
NAV be allowed all interest of three per
cent per annum.
No stock shall be transferred while
the holder stands actually indebted to the
bank, the money being due and unpaid s
except the president and directors shall
ORDER otherwise.
Art. 18th. ANY number of stockhol-
ders not iess than thirty, who together
shall be proprietors Of five thousand
shares, or upwards, shall have power at
any time, to call a general meeting oil
the stockholders, FOR purposes relative toI
the institution, giving at least six weeks
public notice in one or more newspapers
OF the town of Alexandria, specifying in|
SAID notice the object of such meeting.
Art. 18th. II shall be the duty of the
president to call a board of directors
on application in writing Of three of the
directors, whenever required.
The commissioners shall have powe 4
to value the real estate every year, anG|
If the value should be increased. they
shall give a certificate TO the directors
who shall add the amount of increase to
the original subscription, and the holde-
by paving to, the bank, the amount il
money, of such rise, shall be entitled t.
receive dividend thereon Bat on the
contrary, if the commissioners should re
luce any real estate, they shall give til
the directors certificate OF such reduc
non. whs may sop the dividend on the
amount reduced.
Art. IS. Ihi. institution shall continue
Until the first day of January eighteen}
nuadred aud forty. unless sooner dissolv-
ed by maiarity OF votes of the propie-
IF Tho Stock at q general maptinul