Southern telegraph., 1838-10-24


,renco accordingly. L
.. The yeas aud nays shall be tt ken on
ny question, if called for by one member
,reyious TO the decision of2 such a-question,
out no motion for reconsideration shall be
permitted, unless made and seconded by
members WHO were. 10 the majority on the
.A"a
10, Atlhe request -of-aRe -af the board;
the names of the members who make and
second a motion, shall be entered on the |
minutes ,ss. sam hnsrur ~ -u'''"'
Is al. AL resolutions entered on the min
,1,e1book without the yeas and nays being
specially noted; shalt be considered as pass
cd by the unanimous vote Of the directors
present atsaid meeting, nor shall any mem
Der at any future period be permitted to
plead that he bad not given his assent to the
same. rH
II. 1t shall be the duty Of director in
teresied in any Important question before the
board, to withdraw while the same is under
discussion, and until it is decided.
RULE XIX.
.a Meme Of the bylaws, rules, or regulations
shall be repealed or altered, unless major
Ity ofall the directors vote for the repeal or
alteration, nor unless motion to that effect
shall have been made at a previous meeting
OF the board; but any rule may he dispensed
with al any time by vote of lhree-fourths
OF the whole board, or by unanimous vote
of the members present at a stated meeting
which number shall form majority of the
whole board
Qfthe 0GcerS ofthe Bank, their duties, &c.
RULE Xxx.
All the officers of the bank, except the
president and counsel, shall give bond to
the bank with one or more securities, in such
a sum as the directors shall by resolution de-
termine, and their salaries and emoluments
shall in like manner be fixed by resolution
OF the board OF the board of directors. Their
salaries shall be payable monthly: and in
case any officer should resign or be remoy-
cd. he shall receive his salary at the rate a.
foresaid for his time of service.
RULE YxI.
NO member Of the board of directors sba N
be received as security for any officer or
clerk Of the bank.
RULE XXI.
II shall be the duty of the cashier to coun.
terslgn at the bank, all notes signed by the
president by order of the board; carefully
to observe the conduct of every person en-
ployed under him, and report to the board
such instances Of neglect, incapacity, or bad
conduct as he may discover any of them;
daily TO examine the settlement of the cash
account of the bank, to take charge of the
zach and yuh tho ont,,ol ,,,,o,,... =.
terially disagrees with the balances of the
cash account, to report the same to the pres
ident and directors without delay; to lay be-
fore them on every discount day general
statement ofthe accounts the bank, attend
all meetings Of the board, keep fair and
regular record of its proceedings, give such
information to the board as may be required,
take into custody and safe keeping the seal
Of the bank, which, with the appreciation OF
the president, he Shall have the power to af-
fix TO all conveyances or other necessary in
strumenis, bearing the signature ofthe pres
ident in behalf ofthe bank; also to perform
such other services as may be required OF
him by the board, and never to absent him |
self without permission ofthe board. 81
RULE XIII.
1t shall be the special duty of the assist
ant cashier to keep a record Of all the valu-
tions, titles, and other papers which have
been or may be offered by the stockholders
ofand subscribers to, the bank, or borrowers
on mortgages; he shall also attend TO all cor
respondence relative theEeto; exercise under
the cashier the same supervision required
Of that officer; keep tableau of the stock
holders. stating theirplace of residence, and
giving description of the property received
IN guarantee, andits valuation !; he shall also
keep a similar tableau of all loans on mort
cages, and perform such other services as
may be required Of himby the board.
RULE XIV.
The cashier, assistant cashier, and clerks
Of the bank shall not, on pain of dsmission,
engage in any commercial pursuits whatev-
er, either directly or indirectly, nor furnish
their endorsements on any note or bills of
exchange, or give their signature to any
custom house or other bond as security on
the same, or interfere with the elections of
directors, except by voting, ifthey are stock
holders.
RULE XIV.
The clerks and persons in the employ OF
the bank, shall, under the direction of the
cashier, perform such duties as their appoint
ments designate, or he may assign to them;
and no officer or porter Of the bank shall
keep an account therein, but shall receive
his salary monthly. Every officer is bound
to keep secret the business of the bank.
General Rules and Regulations.
RULE XVI.
The bank shall keep open for the trans
action of business from o'clock, A. M. I'M
til o'clock, P. M. every day in the year,
except Sundays, first and eighth ofJanuary,
fourth OF July, and Christmas day, and all
snch other DAYS as may be excenied hY sne-