GEORGE HOWARD, ESQ. GOVERNOR.

1831

Sec. 11. And be it enacted, That the directors for the
time being, shall have power to appoint a president and

CHAP. 133.

cashier, and such other officers and servants as may be ne-
cessary for conducting the business of the incorporation,
and to allow to them such compensation for their services,
as shall by the said directors be deemed reasonable.

President, cashier
and officers.

Sec. 12. And be it enacted, That all notes offered for dis-
count in the said Bank, shall on the face thereof, be made
negociable at the Washington County Bank, and when the
drawer shall not reside in Williamsport, such note shall be
made payable at the house of some person in Williamsport,

Form of negotia-
ble note.

or at the Bank, and notice given by the proper offi-
cer of the Bank at such house, that such note hath become
due, shall be, to all intents and purposes, held and consid-
ered to be completely binding on the drawer and endorsers,
as if notice had been personally served on each of them.

Notice— protest.

Sec. 13 And be it enacted, That the president and direc-
tors, for the time being, may make all rules, orders, by-
laws and regulations for the government of the said cor-
poration, its officers and servants, as they, or a majority of
them, from time to time, shall think fit, not inconsistent
with law, or the provisions of this act, and the same at
pleasure, to revise, alter and amend, and may use, employ
and dispose of the fund's, money and credit of the said
Bank, as they, or a majority of them may deem expedient,
subject, however, to the restrictions and limitation herein-
after mentioned; and the books, papers, correspondence and
funds of the corporation, shall at all times be subject to the
inspection of the board of directors.

General powers of
directors.

Sec. 14. And be it enacted. That the following rules, re-
strictions, limitations, and provisions, shall form and be the
fundamental articles of the constitution of the said corpora-
tion, to wil:

Rules and regula-
tions.

1st. The number of votes to which each stockholder shall
be entitled, shall be according to the number of shares he
or she shall hold, in the proportion following, to wit: for one
share, and not more than two shares, one vote each; for
every two shares above two, and not exceeding ten, one vote
for every lour shares; above ten, and not exceeding thirty,
one vote for every six shares above thirty; above thirty, and
not exceeding sixty, one vote for every eight shares; above
sixty, and not exceeding one hundred, one vote; and, for
every ten shares above one hundred, one vote; but no per-
son or body politic shall be entitled to a greater number
than thirty votes, and no share or shares shall confer a right
of suffrage which shall not have been holden two-calander
months previous to the day of election; stockholders actu-

Regulation of
votes.