1. That a subscription be opened for four hundred thousand dollars, in shares of four hundred dollars each, to be paid in gold or silver.
2. That the subscription be paid into the hands of George Clymer and John Nixon, or their agents.
3. That any subscriber of less than five shares, pay the whole sum on the day of his subscription.
4. That every subscriber of five shares or upwards, pay one half the sum on the day of his subscription, and the other half within three months of that day.
5. That every holder of a share shall be entitled to vote by himself, his agent, or proxy, properly appointed, at all elections for directors, and that he have as many votes as he holds shares. And that every subscriber may sell and transfer his share or shares at his pleasure, the transfer being made in the bank book, in presence and with the approbation of the proprietor or his lawful attorney, the purchaser then to become entitled to the right of voting, &c.
6. That there be twelve directors chosen from among those entitled to vote, who at this first meeting shall choose one as president.
7. That there be a meeting of the directors quarterly, for the purpose of regulating the affairs of the bank; any seven of the directors to make a board, and that the board have power to adjourn from time to time.
8. That the board of directors determine the manner of doing business, and the rules and forms to be pursued, appoint the various officers, which they may find necessary, and dispose of the money and credit of the bank for the interest and benefit of the proprietors, and make from time to time such dividends out of the profits as they may think proper.
9. That the board be empowered from time to time, to open new subscriptions, for the purpose of increasing the capital of the bank on such terms and conditions as they shall think proper.
10. That the board shall, at every quarterly meeting, choose two directors to inspect and control the business of the bank for the ensuing three months.