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THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.
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1833.
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ment in such manner as shall be directed and provided
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CHAP. 287
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by the ordinances of the corporation; and in case of the
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Vacancy
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death, resignation, removal out of the State, or other
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disqualification of the president or any director of the
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said corporation, the vacancy thereby occasioned shall
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be filled by the directors for the time being, appoint-
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ing a president or electing a director, as the case may
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be.
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SEC. 7. And be it enacted. That the president and
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Officers elected
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directors for the time being, shall have power to ap-
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point a cashier or treasurer and such other officers and
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servants under them, as may be necessary for execut-
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ing the business of the said corporation, and to allow
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them such compensation for their services respectively
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as shall be reasonable.
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SEC. 8. And be it enacted, That the President and
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Powers
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Directors, for the time being, may make all such rules,
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orders, by-laws and regulations for the government of
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the said corporation, its officers and servants, as they,
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or a majority of them, from time to time shall think fit,
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not inconsistent with law or the provisions of this act,
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and may at their pleasure, revise, alter and annul the
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same; and they may use, employ and dispose of the
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funds, money and credit of the said bank, as they or a
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majority of them may deem expedient, subject however
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to the restrictions and limitations hereinafter men-
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tioned.
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SEC. 9. And be it enacted, That the following rules,
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Rules
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restrictions, limitations and provisions shall form and
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be fundamental articles of the constitution of the said
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corporation, viz:
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ARTICLE 1. The number of votes to which each
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As to voting
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stockholder shall be entitled, shall be according to the
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numbers of shares he shall hold in the proportions fol-
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lowing, that is to say: — For one share and not more
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than two shares, one vote each; For every two shares
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above two and not exceeding ten, one vote; For every
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four shares above ten and not exceeding thirty, one
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vote; For every six shares above thirty and not ex-
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ceeding sixty, one vote; For every eight shares above
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sixty and not exceeding one hundred, one vote; and for
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every ten shares above that number, one vote; but no
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