Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-08-19

pE,seipal 6ant - 81 aay hFaneA - otAss Of de-
eosn' and dePosias. % any assasy, descent, 81
sansr 10 be disc0aatsd, e. rocsiso Al paVmsv1
o. eeasr 70 % received - pay@est. any sots oE
oansf essssnee q dsSt - pay@sat q o. upon
~ .statnent Of ne Sad "a pllal ssooh Ootnslly
.., 49, 'Sf ssd rsqaisod 70 b PED. - vita ne
meet 81 vidiag tie nsans e usAhinx suoh
IfSy@eai aeg shall shy Of The sald dirOassr. re-
ee"e OF mseount, OF suger 10 - roosised or d.
eoaatsd, any hots or other sypdoneo a. debe
wa intent Of snASl'ag any SsochAoldsr 70 With
Pes OF ,hs @oeey pad - 81 hin Oh
% ssSeA. not ,ssil the ssid directors sPply, OF
sansr V Be applied, any pogtioa af TIE 6lnIs Of
the SAD eorPOratsOa, directly OF fudiroutlv- 20
me Perehase - shares % he eva stoeh nor
shsli The cad Director, os sny Of thsm, receive
~ security Tor any loan o. dissOuat, er N psy-
meal or satisfaetion Of any ds6t due 70 The said
eospors'ioa, eHesPs " Ne ssoessary eourss OF
sohsetion Of dsbts pfosi0saly oafraetsd Al n
bona hds @saDsr IN The OFdtasfy souFus of ,is
oanking operations, ard actually dss sad unpaid,
ssy shaFss of the esPilal sioek 81 tAs az ear-
PoSAuo1 ahd any shares 81 tie sal1 espi.st
s,osa 90 received IN PaJSeot ~ asy sseA dskls
sAsh %, ~ good Iaiih. Sod and n ansfsrrod from
The hands aud ownsrshiD of the sad sarporatio.
within tea mOotha from The tine % ,,s ,raa.f,r
70 and rsesP,iea b. The sane, 10 the maBhsr end
Tor The Pafposes Aforesaid; nor shall the Aid
dirseters, or any Of thehs, Teesivs .fron opy
other banking or other stock corporation sAsres
OF the stock Of any such bsAkinE or ether sioek
corporation, % any Hotss, boads, or Oshsr e,,-
dencss &c debt issGsd bJ or upoa the sr,an af
such corporation, N s1ehangs for the shares OF
stSeG, notes, bonds, OF other evidences Of dsbt
OF The eorPoratioa created BY Ihia act
Aud The said dheclors. IN determining What
are nett PEoh'a" Of The said eorpOTatloa from
which the dividends allowed by thu. Article .naV
be made, shail hBt Deduct from The p5ofis u
J the business Of the said corporation all sxpenses
paid &C incurred, both ordinary and sxtraotdina-
~, Auendibg the management Ct the Affairs and
The transaction ef he busiRsss Of The said csrps-
fatiOn al interest paid, or thea accrued due
and "nPaid on debts owing BY the SAID eSIpoFn-
zoos and al! losses sustained BY the SAID eoTPoIa-
lion and IN the cempgiatiOn 0f such losSes all
debts owing 10 the corporation shall be inoludsd
which ahall have remained due, without proAr-
eution. and On which no interest," shall have been
paid IhsseOn for more than zoe year, OT on which
judgments shall have renamed for more han
two Jsars unsaushsd. AID on which no inIsrru
shall have been paid daring tia. period. Al
there shall be failure in the paynent OF any
part Of any subscribed W the capital Of the said
bank, the stakeholder 40 delinquent shall lass
the 6eneht OF any dividend which may have se-
efudsd prior 10 tne time feT making such pay
meet, aad daring The delay Of the sane.
lSth Once IN every year The diroeIoFs shall
lay eefofe the s,oekholdsrs, Al general meeting,
| oF publish foT their ihformsi.on, an eGseI and
particular statement 81 the debit which shall re-.
main unpaid AFTER he FIpuation Of the criminal
credit, and OF The surplus of the profts II aEy.
after deduciiRR losses and dividends.
l6'h The dirseiors Of the said cooperation
SHAH establish enc competent otlice q d,seonht
anddsPosiie IN any Slaie in which ~ lhousahA
shares shall havs been subscribed, or may BE-
held, whenever. upoa application II the LeRis-
latuie OF such State, Congress may by Law re-
quife the same. And the SAID directors NAV a.
90 eslAell.h one or more competent 0ties- u dis-
eoah' aud depeAite In any fefrItsTY OF Distinct
Of The states, 20 any State With the assent Of
such State and Wbsa established. the aid efies
oF ohiess shall be Only Withdrawn OF temoVea
~ the said diTeclOfs prior Va the e1PiTauon of
his charter with The previous assenI u Con-
yfeSs PT0ridrd, N respect TO any Stale which
Shau not. Al The fret session OF he Legislature
thereof hed after the passage OF thfs act by Eesa
luiios &c other usual legislative prDceedinR, un-
eondi'ionaliy assehI or disssBt to the eslsbliah-
ment Of s0ch once 90 Offices Wiihin "a, such AZ
sent OF the said State shall be thereafter bFs-
snmed .fad PTsvidsd, Asrrfhslssi, That 96en-
ever a shall become hscsssaTy and proper ior
carrying int execution any o. The psWefs sfani-
ed BY The CoaSiauuOa, 10 establish IN Office OF
sthees IN any 81 he States whaisysF. asd thu
eH'abishmehl thereof shall be directed by lau,
. shall be he DEFY 81 he said difeet0n 60 ssAb-
llsh such efiioe OF oGiccs accordingly. AID he
sad diTecisn shall have poser W commit the
management e he said stiices and Ire businssa
ihereoi. respectively, " such persona, and andsr
sueh regulations, ~ they may drem pFopeg. net
oeiBg contrary 10 Law OF W this charter OF, ~
siead Of esi1biishing such Offices IL shall be law-
fol for he Directors 81 the sad Corporation.
from time 70 Zine, 70 employ aCy agent 10
agents, or any Ohef bank 81 bahas Ia 81 AZ.
proved By Tbs Secretary q he Treasury. al Asy
place % places thai the saie directors may deru
sale end proper, 70 wansgs and usBsact me
business proposed as AFORESAID, Other than for
he ParPoses u Discount, and 60 ppffofm the da-
ties hereinafter fegoiTed Of he aid eofpoFaiss,
" b. managed and usHssclsd By snrh cfieen,
uades such agTssmeais ahd snhleci 10 snch issn-
ailOns 81 thsy shall deem josi aud proper Nos
more Than sins hof less ihan i've msn4ggrs et
directors Of every 06ce, esta blahed a. aforesaid
shall BE- annually appoinisd b. the directors II
Tie said eorPoFaiioa, - serve ens year. The
sad mapageTa % diIeoi % shall chouss a afrss-
dent iIeD ihef opb Bumbff. ihey shall e e,ii.
zens 81 he Uniied 8isiss, asd fesidshn Of Ia
Slate, TcniiTU. o. Dislnei vbsFsin such Gee
= eaiaolnhedI and a least enc 81 the said mana-
gers ~ directors shsll be Ineligible % reappsfai
neni 81 he snd q eYefy 6fst add each sueefsd.
'bg year bal DE pfadsnt may be aiways te-
appointed.
i7'h. The odcsf 81 he had II ,is Trsssv,v
Department ef TIE United States shall BE- fofoi.b.
"a frcm lime tohms, 81 g0rn as b. may fsoaiie.
not eaceet.ng Oaee sesh. with such siats neBig
Of he cOnd,uen and tasiueas af AID ensr,fat,,f,
have right 30 inspsei ~ chuss is - iasssctrd
~ some one ~ him duiy asihorixed. sH ihs
books. Faprfs, and arcouu,s ~ ne saia refpofs
nop g svefy kind. inelediaa ne aorOusts n
inaivituals, spd ~ make 81 cau.s a. - usAe.
~ eRaninaiioe ia'o he nRaHs. Bassaeuons.
ahd condition. sithe cofp0Fsiioa ard ne eoadi-
iion ~ ihe bant ,hai ~ pahiahsi nanihlv. in
tpeh mannsf. eHd eth serh sarticularrY a. he
aeeteiaiY 81 De ffeaanff sAal ffscf Hrf ~
Ead bznf. ani Iis tEees IN fistonnf saf Zen
etc, sail ~ oFsa AZ 30 lines b. a. fsH sea
nafffifieied ielpecliou aad enannaiiaa 81 q
cnmHiitee ri ethTT itrglo Of Ccnafeas D. fnF<.
Hilfe % D. sirrsheIfsfr ED b rarh saf ed
81 ~ eiieeibfr " hs beck ha1 ~ lhe psr-
pt,f o. sscafnf fsil aod pnfslfcisd inspscs
iiea and eEaaiInaiign A. aftTess.f. ne Secretary
~ ~ fisssoTy. ~ aeg one 81 Nh d1ir aafhos
fitfa, of q rommNea ~ tsaeg Hose ~ Cen.
Efrf mag ffsFecureiy sumnos and sFamias.
neefi eei5, hh ~ timstpfs. ea.ctm. 81 sgcnfs
sFtcEY hereof Hfd sob afnrs atrrrr.sr ~. 49,.