THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

cy thereby occasioned shall be filled by the directors

CHAP. 298.

for the time being, appointing a president or electing

a director, as the case may be.

SEC. 7. And be it enacted, That the president and

Appoint officers

directors for the time being, shall have power to ap-

point a cashier or treasurer, and such other officers and

servants under them, as may be necessary for execut-

ing the business of the said corporation, and to allow

them such compensation for their services respectively

as shall be reasonable.

SEC. 8. And be it enacted, That the President and

Powers as to rules

Directors, for the time being, may make all such rules,

orders, by-laws and regulations for the government of

the said corporation, 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 may at their pleasure, revise, alter and annul the

same; and they may use, employ and dispose of the

funds, money and credit of the said bank, as they or a

majority of them, may deem expedient, subject however

to the restrictions and limitations hereinafter men-

tioned.

SEC. 9. And be it enacted,. That the following rules,

Rules

restrictions, limitations and provisions shall form and

be fundamental articles of the constitution of the said

corporation, viz: —

ARTICLE 1. The number of votes to which each

Votes

stockholder shall be entitled, shall be according to the

number of shares he shall hold in the proportions fol-

lowing, that is to say: — 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 ev-

ery four shares above ten and not exceeding thirty, one

vote; For every six shares shore thirty and not ex-

ceeding sixty, one vote; For every eight shares above

sixty and not exceeding one hundred, one vote; and for'

every ten shares above that number, one vote; but no

person or body politic shall be entitled to a greater num-

ber than sixty votes, and no share or shares shall

confer a right of suffrage after the first election which

shall not have been holden four calendar months pre-

vious to the day of election; and stockholders ac