THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

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

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

CHAP. 314.

Appoint offices

point a cashier and such other officers and servants

under them, as may be necessary for executing the

business of the said corporation, and to allow them

Allow compensa-

such compensation for their services respectively as

tion

shall be reasonable.

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

Rules and by-laws

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 may 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 limitations and restrictions hereinafter men-

tioned.

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

Rules

restrictions, limitations and provisions shall form and

he 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 as follows, that

is to say: — Every holder of not more than ten shares

shall be entitled to one rote for each share; every

holder of more than ten and not more than sixty shares

shall be entitled to ten votes for the first ten shares,

and one vote for every five shares above ten; every

holder of more than sixty shares and not more than one

hundred and sixty, shall be entitled to twenty votes for

the first sixty shares, and one vote for every ten shares

above sixty; every holder of more than one hundred

and sixty and not more than five hundred and sixty,

shall be entitled to thirty votes for the first one hun-

dred and sixty shares, and one vote for every twenty

shares above one hundred and sixty; every holder of

more than five hundred and sixty shares, shall be en-

titled to fifty votes; but no person or body politic shall

be entitled to a greater number than fifty votes; and

no share or shares shall confer a right of suffrage which