Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1833-03-14
The JSrgiRta Legislature.
o. BILL,
TO Incorporate n, Harpsrs-F Ferry Ss-ins, Tnsii-

~
TO Incorporate IA, HarPer-Fsry Saeing, fnsii-
fnfioa-
SEC. 1sr. he IL enacted by The General is
st"'hiy Of Virginia, That Patrick e. Miaccsbe,
George b. Stephenson, Joseph l.. Smith, Lewis
wcrnwag, John Mariatt, John Sellars, Adam
Dung, jr. Thomas Copeland, James Heck.
Henry Ward John FitzSmmons, Henry Shycs.
Hiram Carney, Michael Gomph, Martin Bri-
tcnoaugh, Nsriwether Thompson, Dav I'd Holt.
Jr. James Foley. Andre Souillard John Str,ck-
land, Charles q. Wintersmiih, Thomas Rus
sell, Samuel kliham, Noble :. Braden. 10
scPh j.. Russell, BENJAMIN Moore, William
Chambers. Joseph Smith, Daniel McTaden.
Philip HOLMAN, Gerard %. W,Ser, John A
Wis. John Rokcnbaugh, Ambrose Cross. samr
Gibson, William Anders and all and every
other person ar persons hereafter berouhue
members Of the iiarpers-Terry Savings Inst,-
tuition in the manner hero afier mentioned
shall be aud are hereby created and made
corporation and body polite, by the name and
style oil the harPers-fsrry Sarings Ia,ii,uiion
and 10y that name shall have succession. and
he capable By law TO hold and dispose Of pro-
pcrty, 10 sue and be sued, plea and be i'm
pleaded, answer aud defend, and be answer
ed aud defended, in courts OF law and equity
OF IN any other place whatever and 10 r.,
ceive and make all deeds, transfers, contracts.
covenants, convey snces and grants whatever.
and 10 make, have, and use a common seal.
and the same TO change and renew at plea
sure, and generally 10 do every other act or
thing necessary 20 carry into effect the proyi-
sions of this act and promote the object and
design Of said corporation.
SIC. 20. Ind be u enacted, That there shall
bc q meeting Of the members OF the sa,d Hair
Pers-Ferry Savings Institution on such day in
The month Of April next, aud ut such place as
any seven or more persons named in the Isl
section of this act shall appoint, giving a,
least ten days notice in some newspaper
printed IN the county OF Jefferson, and on sue n
day IN il'c month of April, and at such place
annually thereafter, rs tie bylaws Of the saud
Institution shall provide, for the purpose Of
choosing from among the members. nine di.
rectors to manage the affairs Of the said insti-
luton for twelve months thereafter, and IN
I'll new election shall take place, and the
Judge OF The hrst election shall be elected by
Tue members present, and the judges OF all
future elections shall be appointed, and no.
tee OF such elections given in such manner
as the bylaws shall provide.
SIC. 3D. Ind be IL enacted, That the direc-
tors Tor the time being, or a majority Of them.
SHAH have power TO elect president from
tneir own body; To appoint all such officers.
agents, and servants, NJ they shall deem ne
and affairs OF the institution 10 fix their com
pensation, and ia their discretion To dismiss
themi To provide for the taking Of bonds 10
The corporation from all or any Of the OIL
GERS, agents or servants, by them so appoint
ed, with security. conditioned in such form n
they shall prescribe for tie faithful execution
Of their several duties, and TO secure the cor.
poration from loss Co regulate the manner
OF making and receiving deposites; the form
oi certIhcates ~ be issued TO de positors, and
The manner of transferring the same 10 pro-
vide for the investment of the fund. of Ia.
corporation in such manner ~ they shall deem
most safe and beneficial; To provide for IA,
admission Of members, and Furnishing proof
oil such admission; to provide Tor pa, ing all
necessary expenses, conducting the affairs OF
The corporation. and generally TO pass all such
bylaws as shall DC necessary 90 the exerc isc
OF the said powers, and of the other powers
vested IA SAID corporation by this charte r and
the said bylaws from time TO time TO alter
and repeal, provided that all such bylaws a.
shall be made 10y the directors may DC alter
ed or repealed By majority of the members
assembled at any annual meeting or general
meeting called ia pursuance Of any bylaw
made Tor that purpose, and majority of the
| members may at an, annual or general meet
ipg, pass bylaws which shall be binding upon
Tic directors, provided that such by laws shall
not DC contrary To the laws Of this Stat. or
Of the United States.
SIC sra. Ind be u enacted, That said cor
Poraiion shall be capable Of rec. wing from,
any person or persons, any deposite or demo
sites OF money, and that alt monies SO receive
cd shall be invested ia stocks, or other secu-
r.ues,at thedfscretIon of the directors, and IN
the manner deemed most safe and beneficial:
provided always, that such Investment Of the
D nj a -
ner provided for In the bylaws, and tina, no
director or member shall be liable. IN bis ncr-
son or property, for 2ny debts, contracts or
engagements OF the said corporation, but that
the money, property, rights, and credits of
sara Corporation, and nothing more, shall be
iiaDIe Tor Tie same provided also, that no
Part oil The funds Of SAID corporation shall be
bound To any officer or director Of SAID cor
poration.
Sac. 5rH. .fHf be IL c,.aeisd, That il shall
be The duty Of the directors, at least once
every SLY months, TO appoint, from the mem
oers oil SAID corporation, i've competent per
sons as a committee Of examination, iany
three OF whom may act whose duty il shall
be to investigate the Affairs Of said rorporu-
ton, and To make and publish a report there.
OF 10 one or more new, papers printed ~ the
county Of Jefferson and u shalt also be the
DUTY Ut tue directors, on the first day of Jauu-
ary, and on the hrst day Of July, IN each am.
every year, Go make Aid j., clare a dividend
OF the interest and profits Of tle said CORPORA.
ton, alter paying Is expenses, and the same
to Jay over uBto the depositors, or their le-
gal representatives,, within ten days there al.
ter, II demanded.
SEc. Cru. lind be II snacfsd That this ae,
shall continue and be la force only for the
term Of twenty years
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