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

~FfetuAnCWNts anu lC
bold such elections, (as the case nav b,
aaa 'hs Dsansr Of hOidiRg the elections
snaIl be regulated by the by-lsws and or.
diosuces Of the said eorPOfslion and on.
lh such appointments or elections be
made. the directors aud president OF the
said oank for the time being shall consin.
ne % Office: sfRd pzOvided, also, That IN
case OF the death. resignation, or removal
OF the president Of the said corporation
the directors shall proceed to elect ano
iheT president from the directors az alore.
said add IN case Of the death. Te,ieoa-
too, or absence from the UGited States.
or Femosal Of . director from Office the
vacancy shall be supplied by the Presi.
deaf OF the Usi,ed States. or BY the sur-
yiving directors. % the case may be bot
The Prssideot Of the United States alone
shall have power TO remove either Of the
directors appointed w bin o. aforesaid.
SEC. y. J9ad b 10 1srfAsr enacted, Tha,
as 5000 ~ the sum Of ten dollars on each
share, IN bullion. gold or silver coin, Trea.
snTy notes, OF certificates Of stock, shall
have been actually received 90 accoun,
OF The subscriptions 10 the capital Of the
said hank. (exclusively Of The subserip.
iion aforesaid on the part Of the United
Sia'ea. notice thereof shall be given By
ibe persons under whose superinien dence
the subscriptions shall have been made
Al The city Of Washington. in at least two
newspapers printed in each Of the places
lh go msRy be printed in such places re-
sPec'iVely) where subscriptions shall have
been mSde; and the said persons shall al
the same time. and 10 like manner, mott.
" time and place. wilhio the said city
OF Washington, at the distance Of at least
thirty days from. the time OF such motif.
eution, for proceeding 10 the election Of
SIX directors, as aforesaid; and h shall be
lawful Tor such election 10 be then and
there made. And the President Of the UNI.
ted States 70 hereby authorized, during
the next session Of Congress thereafter.
TO nominate. and, BY and with the advice
aud consent Of The Senate, TO appoint
three directors Of The said bank, whether
they be stockholders OF not. snv thing in
the provisions Of this act 10 the contrary
discriminating; and the persons who
shall be elected aud appointed, a.
aforesaid. shall be the 6Ist direelors of
the said bank. and shall proceed 70 elect
one OF the directors TO be preAident Of the
said bank; and the directors and presi-
dent Of the said bsnk sc appointed and
elected, As aforesaid. shall be capable Of
serving 10 their respective Offices. by viz.
Tue thereof. until the end aBd expiration
OF the hTst Monday Of the monih Of Jan.
uary next ensuing, the said appointmen mis-
and elections. Protided, That il shall and
may be lawful for the President Of the
United States, as soon as ten dollars on
each shsrs are paid, ia manner herein
provided, 10 appoint three directors, who
shall serve until they are superseded by
appointments made by the President Of
the UOiled States, by and With the advice
and consent OF the Senate. as hegeinbe.
fore provided: .9ad pvovided further. Tia:
as soon Is the sum Of six millions nve hun.
died thousand dollars. ia bullion. gold OF
silver coin, or in Treasury notes, or cefti-
hcates Of stock. shall have been actually
received on account Of the subscTiptions
10 the capital Of the said bank Exclusive
~ OF the subscription Of lsn millions afoIe-
said on the part OF the United Stsles,l the
operations Of the sane shall ibeneefoTth
commence and continue ii the city Of
Washington.
SEC. 10. find Be n furfAe, snaefsd. That
the direction. for The time being. shall have
power TO appoint sHea oficeiS. clerks. and
servants, under them. ss shall Do neees
sary for executing the business Of the said
corporation, and 10 allow them such com.
PenssiIon for their services, respectively.
- sball he reasonable and shall Be ca
psbie Of exercising speh other powers and
authorities for the Wsll-govefning and
ordering OF the afaits o. said cooperation.
a. she'll be prescribed. Fixed and deter.
mined BY The by-ieWs. fegula,ionr, snd
ordinances Of the sane.
SEC ~. I'D y q GtrtAsr essrfss That he FOL
lsWthg rules. restrictions, limitations, and pro-
visions. nall form and BE fundamsntai articles
Of the eons'iiuiion of said corporation. to vii
ht The nnmbrr Of votes ~ Ehieh the sleck-
heldefs shall b. tntitet. voting fsf difeci0Fs,
shall BE- aoeoTtiug 70 the member ~ skates hs,
shs, - they, rsspsehvsiy. shall hoid. IN tbs pre-
poliious foilovtna. thai ~ 20 say. Tor oBe share
aud not more than two ahsfes. oEe vote for
every iuo shaTes above twu, and not exceedihg
ten, enc vote for every fouf shares above iFn,
sad nei ezcecding thirty, one vote fof every as
snafes aboys thirty, and not sEcssding SIXTY, one
Fettt Ief fssfY efsnl ahafea above aiNiT. aad not
eEceeding oas huncFsd, ent vote f0r etsry Ten
saaIei atovs one huadred. oae vote but 90 pcf-
ion, ro-paraefship. o. body polite. sail BE- eu-
illsd % . greater numhfr han sl8ig votes add
aiirf tie hfsi sieciiun 90 share o. shares shall
confer tight of voting. vhich shall noi hsVe
hesh heltea hires eairndaf mnBths prsgiaus 70
Ne DAY ~ election 30 Prozy b. ahy ofiehf 81
~ 1ala, ~ % lufr thru HissiY dsgsi sisedire,
4heH b valid % proxy shan have q frhi io
give mofs thaa three hundfsd votes snd stock
hoidcfa aetuailT re- eut tiiigens ~ ~ Baiief
liaiff, cod no1F oihers. may vote IN slecficns By
ploag of oihersns and aHT psfsos hoidiss 3
pfaHy nay D. rrqnifei bF ser nnefhoidsf ai
~ iiue 81 voung. % make oaih fhgt De- bsiiarrs
be FIinclpai 81 uhoss tfhaif 81 votes. 30 De- ne
boaa 6is toisrr Of TIE snare 90 shaffs ed tbsl
90 raie ~ ffansfrr hss besa made ~ rhe puf.
Pcse Of svsdiuE De scale u goihE eiab.i1hoi
81 ihisact
d Npi more haa 6fs-sitihs 81 iks sirrefara
slrciet ~ its siockholfirl. 10 shaH - 81 oGlos
az ias uue a En- saasal eitElfon sfali ~ eleefea
~ ~ sntosetiaE yeaf, ed 10 iifsrier sal
f.oit b. elcs ~ nefa ASS ave yfafs aat u 80
ia fuccsuies baf ~ tnectof ahs shan -
rie'iieai at ~ fne N aa slfrfinn uar siaags
D. rec fptniftl 81 ff'sefts Az a. tare mar ~