401:2 ROYAL GAZET' ‘E. 
     
    
   
   
    
     —m” 
     
    
   
   
    
       
     
    
   
   
    
     management of the all'tiirs of the satd Corporation,l IX. No person shall be eligible as a Director, 
     
     as the members and stockholders ol the said Cor- unless such person is a stockholder and holding not 
     
     poration shall deem necessary; and also for the pur- less than thirty shares of the (,‘apital Stork ot'tlie 
     
     pose ot‘choosing seven Directors, being stockholders said Corporation. ' I)I'()\'ltlt:tl always, that the. stock- 
     
     and members, ofthc said Corporation, under and in holder, so otherwise qualitied, be not a Director in 
     
     ursuance of the rules and regulations hereinafter any other Banking Company in this Island. 
     
    
   
   
    
     made and Pt'ovtded' “'htCh Direcmrs’ .30 Chosen’ X. Every Cashier and Clerk, ofthe said Corpor- 
     
     Sha“ serve .“mtl the first annual meetmg tor the ation, before he enters upon the. duties ol'liis otlice, 
     
     Chotce Of Dtrecmrs’ and Sit?” have fun. power and shall give bonds,\vitli two or more sureties, to be ap- 
     
     ahthortty to manage the and!” or “I? Shtd,C°"P°"‘.“ proved of bv the Directors, in such sums as the 
     
     “Ont and .Shatt commence the Operatmhs ot the satd Directors shall deem adequate to the ti‘ttsts respec- 
     
     Bank, SUIUBCI, nevertheless, to the rules and regii- ttvety retmsed in them. 
     
    

    
     lations hereinafter made and provuled, at which gen- ' . 
     
     eral meeting the members and stockholders ot'tlie said XL rhe hhmhel‘ 0f Votes) WhIChteaCh Stockholder 
     
     Corporation, or the major part of them, shall deter- Shallthe Cntltled t0_ 0h every 9003810", When In con- 
     
     mihe the amount of payments to he made in each formity to the pl‘OVlSlOflSIOI‘llHS Act, the votes oftlie 
     
     share; also the tnode of transferring and disposing stockholders are to be given,shall bear the followmg 
     
     oftlie stock and profits thereof, which being entered PFOPOl‘tIOh, that '5 to say: for 0119 Share. alld not 
     
     in the Books of the said Corporation, and approved I morethan two shares, one vote; for every two shares, 
     
     of by the Lieutenant Governor and Council, shall “how two Share-‘3, and “ht exceedmg twelve, 
     
    
   
   
    
     be binding on the said stockliolders,their successors one VOte: makhlg 31" votes for twelve Shares; {01‘ 
     
     and assigns. every three shares above twelve, and not exceed- 
     
    
   
   
    
     , , . ling thirty, one vote: making twelve votes for thirty 
     
     V - There Shall be a general ,thetttthg OtthC StOCh' shares; and for every five shares above thirty shares, 
     
     hOtdet’S hhd members 0t the satd Cht'POrhtth“: to he one vote. Provided the number of fifteen votes shall 
     
     annually hOlan 0" the fil‘St TUCSqu t” Fuh'hm'yi t be the greatest that any stockholder shall be entitled 
     
     in each and every year, at Sunnnerside, at whiclit‘t0_ ‘” 
     
    
   
   
    
     annual meeting, there shall be Chosen, by a majority , 7 t _ t ' 
     
     ,,t' the said stockholders and members 0f the Shit]: 4\II. All stockholders, resident within this Island 
     
    
   
   
    
     Corporation, seven Directors. who shall continue in , 0“ t'tSC‘Vhet'q may "the h)’ PhOXY: PrOVldCd that SUCh 
     
     (thee for one year, or unttt 0thors are chnsen ht'proxy be a stockholder, and do produce sulliCient 
     
     thhh, mom; in the choice of which I)tt.pct,_,t.s, thC authority in writing lroin his constituent or constitu- 
     
     i . . , 1 ) ' t . ' ‘ ’ 
     
     Sthehhotders and memhers 0f the salt} Corporatton t (nts so to act. I iovnltd that no stockholder be en- 
     
    
   
   
    
     sliall vote according to the rules hereinafter men- 1 ttttCtt th ht’ttt more thhh three I’m-“L's- 
     
    
   
   
    
       
     
    
   
   
    
     tioncd; and the Directors, when chosen, snall, aty XIII” N0 mhmhm. 0t‘the said Corporation. (1m,th 
     
     thoty first meeting, after their ClOCUOU, Choose OUt Of the first three months, to be accounted from and 
     
     their number a 1 I'CSIdCht- after the passing ofthis Act, shall be entitled to hold 
     
    
   
   
    
     VI. The Directors, for the time being, shall have Q "ltd St‘thstt't'the ,tt’r thm'e thtth htghty Shar‘es 0f th0 
     
     power to appoint such officers, clerks and servants, shtd, (/ttlfttht NW3"; and ll the WhOle of the-said 
     
     as they, 0,. the major Part Otthem, Shah thhtk neces_ Capital Stock shall not have been stibscribed Within 
     
     sarY for executino the business ofthe said Corpora- the satd three months: 50 to he aCCOU'ltt‘dt as «’lfOPC- 
     
    
   
   
    
     . a , _ _ . 
     
     tion, and shall allow them such compensation for satd, that the” and th Shehcases:1t Shit” he thlUl 
     
    
   
   
    
     the”. respective services, as t0 them Stmtt appeal. for any stockholder or stockholders to increase his 
     
     reasonable and proper; all which, togethpr with of their SUl)SC]-]t)tI0llS to one hundred and stxty shares. 
     
     the expense thutldings, house rent, and a” Other I rowded alwaysthat no stockholdershall be permitted 
     
     contingencies, shah he defrayed Out of the funds of to hold more than two hundred shares, tn the whole, 
     
     the Corporation; and the said Directors shall, like- “htesst the same he “C‘Ih'red h)’ Phl'Chhsei ahf‘r 
     
     wise, exercise such other. powers and authmttty for the said Bank shall have commenced its operations; 
     
     the we” I.egutating the affairs of the said corpora- and prowded, also, that no stockholder tn the said 
     
    
   
   
    
     “on, as shall be prescribed by the hy-|aws and reg,“ Bank, at any one time, shall hold more than twenty 
     
     lations of the same, per Centum oftlie Capital Stock. 
     
    
   
   
    
     VII. Not less than four Directors shall constitute Xtv' The Dtrecmrs are! and they are heth 
     
     a Board for the transaction of business, of which the huthhrtged to fill up any vacancy that Shh“ be “(303‘ 
     
     President shah always be one, except ht the case of stoned in. the Board, by the death, resignation, or 
     
     sickness or necessary absence; in which case, the absence from the Island, forthree months, of any of 
     
     Directors present may choose one of their Board as Its members; but that in the case ofthe removal ofa 
     
     Chairman, in his stead; the President shall vote at D'mctot" by the StOCtthOtderS: tt’t' mtScondUCt, 01‘ 
     
     the Board as a Director, and, in case oftheh. heir," mal-adininistration, his place shall be filled up by the 
     
     at, equal number of votes, for and against any quest: said stockholders; and the person, so chosen by the 
     
     thm before them, the president Shah have a casttn" Directors or the Stockholders, shall serve until the 
     
     vote. Provided always, that no note or bi” ofl-erea next succeeding annual meeting ofthe stockholders 
     
     for ld‘iiscdopmt at tllie said Bank, shall be refused or XV, Before any Stockholder shah he required to 
     
     9“ h 8 Y 3 5mg e V0te- make payment of any instalment upon the amount 
     
    

    
     VIII. The President and Directors Shah be en“. of'his subscription, thirty days previous, notice shall 
     
     tlcd to such compensation for their respective ser- be g'ven’ by the Dtmt’to'si t" the ROI/“1 Gazelle 
     
    
   
   
    
     vices, as the stockholders and members shall deem newspat’er’ pubttstted in this. Istahd’ or the time and 
     
     reasonable and Proper. place ot payment; and the Directors shall commence