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Stockholders resident within the United States
may vote by proSy upon such terms and coadi-
tions as may be prescribed by the bye laws and
ordinances of the association, but no share or
shares shall confer the right of suffrage (excep,
at the first elec.ion,) which shall not have been
held under regular transfer at least three calen-
Ger months previous to the day of the election.


ARTICLE VIII.


A majority of the directors shall have power
- call u genera! meeting of the stockholders,
for purposes relative to the concern of the com
pany giving at least thirty days notice in the
newspapers of TN, place, or in such other the
most public manner that the circumstances may
admit and specifying in such notices the objecl
or objects of such meeting.


ARTICLE *.


The cashier before he enters upon the duties
of his office, shall be required TO give bond with
two suretles to the satisfaction of the III
rectors in such sum as the board of directors
may by their bye laws order and direct, from
time to time, with condition for the faithful per-
fornance of his duties.


ARTICLE X.


That in case of the death, disqualification,
removal or resignation Of the PRESIDENT the di-
rcctors shall appoint one from their number to
fill the vacancy, who shall hold the Office during
| the REMAINDER OIL MS term IOI WHICH MS p(euc-
eessor was elected.


ARTICLE XI.
The shares of the capital stock shall be trans.
ferable on the books of the company, according
to such rules, as conformabe to law, may be cs-
tablished in that respect. by the board of drec-
tors.


ARTICLE XII.
No transfer of stock in this company shall be
b,,I ,,n1a
rnade in book or books kept for that purpose
by the company, and it is further expressly agreed
and declared that any stockholder who shall
shares whatever shall thenccforth cease to be a
member of this company, and any person or
persons whatever who shall accept a transfer Of
! any stock share in this company shall thence
forth become and be member of this company,
according to the articles of association.
ARTICLE XIII.
That the lands, tenements, and hcrcditaments
which it shall be lawful for the said company to
hold shall be only such as shall be necessary for
| its immediate accommodation. in relation to the
convenient transacting of its business, and such
as shall have been bona fdc mortgased to the
| company by way Of security, or conveyed to it,
| or to some person in trust, for the use of the
company III satisiaC'loH OF security Tor mon
| actually loaned, or advanced, in satisfaction
of, or security for debts previously contracted
| with, or due to the said company or purchased
at sales, upon judgments which shall have been
obtained for such debts, and in every instance in
| which the company may become owners or
claimants of lands, tenetnents, or hereditamens,


ae board of directors are empowered to sell or
! dispose of the same in such manner As they shall
deem beneficial inr the use of the company.
ARTICLE XIV.


The company shall in no case be owners OF