The Delaware gazette — Wilmington [Del.], 1810-04-18 00:00:00, page 1

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WlLMLNGTü K. WEDNESDAY, Ai'R*L if!, : ^ iO.
NO. si
VOL. I.J
ci Brandywine Bank.
up,
Wilmingt
on
rnment the citizens of
AGREEABLY to adjou
ngton, ami its vicinity,
the Borough of VViltni
the house of hrisvard
met on the 17th inst. at
Thomas.
and Secretary, appointed at last
The Chairman
Meetin «■, took their seats :
The minutes of last Meeting being read, the
Committee appointed lor the P' ir P' , * e
drafting Articles of Association lor the pin
iected institution, made their report, which
being read by paragraphs, and maturely con
sideted, were unanimously adopted, as fol
The Articles of Association,
of 'i hr
Bankof Wilmington y-Bfantlywine.
TO ail whom these presents shall come, or
to whom they in any wise concern. Be » made
known and made manifest, Tint IV e, the sub
scribers, have formed a Company or limited
Partnership, and do hereby associate and agree
with each other to conduct business under the
name and title of " The PRESIDENT and
DIRECTORS of the BANK of WILMING
TON and BRANDYWINE."
And We do hereby mutually covenant, d>'
clnre end agree, That t!ie following are and
shal'i be the fundamental articles of this oar As
sociation and agreement with each other, by
which we, and all persons who at any time may
business with the said comp my shall
transact
be bound and concluded.
ARTICLE 1.
The capital stock of the said company shall
consist of Two Hundred T/niUitmr! Dollars, m
money of the United States, and shall be divi
ded in shares oU'iftvDolhes each ; the amount
of the shares subscribed for shall be paul by
the several respective subscribers it.to the
hands or the Directors, herein after named, in
gold or silver, or in Bank notes equivalent
thereto, in the following manner, to wit :
i'hr Dollars shat! be paid on each share at the
time of subset thing these articles, and Five
Dollars shall be paid on each share on every
■ exceeding thirty days, until the payment ot
Twenty-live dollars, ou each share so subscri
bed is completed ; end in ease of non-payment
of the said sums of money the time <-r times
sped fied, when they become payable, the share
or shares subscribed Ibr, and upon which anc.ii
default of payment sri.es, sha't be forfeited to
tii ■ company, together with all and every stun
or sums of money previously pan! tliercoll : anti
the remaining Twenty Live Dollart, on each
and every share so subscrib'd, shall be called
{hr and demanded at such time and place and
in e UC h proportions as the Directors herein al
ter mentioned, shall order and direct : they
giving at least thirty days previous notirs ot
such payment, in the most public uumnertli.it
cirruinstaiices and the nature of the case will
And ill ease of non payment ,.f the
adnnl.
residues or any pait thereof, at the tune or
times so required, the interest or dividends on
all monies previous^ [raid on such shares shttll
be forfeited to the Company.
ARTICLE If.
That the following persons arc hereby con
stituted, and .appointed Director? of said Bank,
and shall Continue to hold their respective of
fices until the first Monday of April, one thous
and, eight hundred and eleven, and until they,
or their successors shall he duly elected, as
herein al'er provided.
AKIICLEIIL
Should any vac.anc y at any time happen a
mong the Directors, by death, resignation
or
otherwise, the nniainirrg Directors, for tlic
time being, shall elect a Director to f.'l such
til the next election ; ami on the
vacancy cm
sai l first Monday in April, 1311, and on every
succeeding year, a general meeting ol the
Stockholders of the saul Bank shall bj holden
at such place as the Board c; Directors shall
appoint, hy notice giwn in the most [ ttblic
manner the nature of the case will admit, at
least fifteen days next antecedent to such meet
ing, for the purpose of electing nine Directors
for the ensuing year j and the said. Directors,
thus elected, shall, at their first meeti
alter
7t
Mich election in each year, choose one
their
number at President : Provided, that in case it
should happen at tiny time that an election of
Directors should not be made upon any day
when, pursuant to these articles, it ought to
have been nt.ukj, it shall be lawful, and the Dr
rectors for the time being are hereby required,
within te-n days after such neglect to call a
uie .'ing of the stockholders, for the purpose of
holding end making an election of Directors, in
sir h m, inner as a n: tjority of them Dial direct
app-.dr.t.
ARTICLE IV.
Jfor.rbiit a Sinckholdtr, being a citizen of,
and residing in the Utate of Delaware, »lin'd be
t-kgihle as n Dim tor; t.nd no Director cfany
other Brok, or partner of such Director, shall
Director t f this Bank ;
t>c. y the same ti.tie,
rectors, after being e
arid if any ran.- ol the
ler , ..-t!, sh. It, at 'any time, d.tt'.ng the term for
'.V.'ii lie stud! have been chosen, cease to be
a fit')>'.!;li(d«|tr, or be electeil «r chosen a Direct
or nr in any other Batik, the remuitrng Direct
:• jot i»y of them "hall (after .having
Dil, op ;\ 'jv.
■•Mat'h'.'. y ihfi>rmatiiiu of the st.tr't) at their
t- • ting, puss un order declaring him thus
!.. "t
'•'I*>Rr d. and tm louver a Director cf the
B t'd: • anil shall foninvit'i pr.rcecd tu fill
up, by a new elect or *>is place for (he remain
tierol'the time for which lie Rlir.Il have been
elected. Provided always, that it shall not be
lawful to re-elect more than seven of the lit.
rectors of tile former year.
All HOLE V.
The Board of Directors fur the time being
shail h ive power to elect a President and Cash
ier, and such otlur officers and Clerks under
them a» shall be necessary for executing the 1
business of the Company, and to allow them
such compensation for their services reaped
ively as they may deem reasonable, and «hall
he capable of exercising such other powers and
authorities, and of making, revising, altering
II,ug all such Bye Law« and Regulnti
or anno
tions for the Government of the Company,and
that of their officers and affairs as they,
or a
jority of them shall, from time to tiineVhnik
expedient—not incuthisieut with la w or '•dit e
At tides of Association : u u! to use,employ, an/I
dispose of the Joint Stork, Funds or Property oi
.*
the Company (sutijcct only to the restra. um
herein contained) as to them, or a majority ot
them shall > et m expedient.
All I'lCLK VI.
Not less than five Directors shall form a
Board for the transaction oflntsine s. of vvr.om
the President shall always he one, except Dca
ses of sickness or necessary absence. ! in "'hielt
.
his place may he supplied bv-say otner
Director whom the majinty of Directors ores
ent shall nominate for that
put pose.
ARTICLE
VII.
One share in the stock of this bark shall hr
sufficient to entitle the holder tu one vote, but
or other
r.o person or persons body corporate
wise, shall be entitled to more than ten votes at
any election, agreeably I» the following ratio—
5 shares I Vote.
From 1 to
1 0 do. 2 do,
I'rom 5 to
3 do,
From It) tc> 20 do.
30 do. 4 do.
Ih
2 ) to
prom .50 to 40 do. 5 do.
50 do. 1) do.
From '40 to
(Î0 do. 7 do.
I'rom 5o to
70 do. 8 da.
i'rotn (iO to
l-'rotn 70 to So do. !> do.
From 80 to 100 do. 10 do.
Sto:'»holders resident within the United States
inuy vote by proxy upon stt r ti terms and coédi
tions as may he prescribed !.y the bye l.uvn and
ordinances of the association, but no share oi
shares 4hall i outer the right of «ulFrage (except
at the fi.st election,) which shall not have been
held under a regular transférât least three calen
der months previous tu the d .y en the election.
AIincLK vui.
A majority of the director, shall hti'-e pmv
f ♦
cal) a general offering • of the scckkob'-rs,
to
'
for purpose's icfativctn the con cm of the- com
put. y giving at least thirty days maire i i the
«■«papers of dm plate, or in such other in
ih:
public manner that the circumstance" ns y
«huit and specifying in euch notices the object
nr objects of such m cting.
ARTICLE IX.
j
The cashier before he enters upon ths duties
of hi, office, shall be required to give bo ..' wit'.
etics to tne satisfaction of t- - ''i
r«o nr pore sin
rettors in such stun as tin board of dir «clots
■■vs order and direct, from
may by their bye la
unie to time, with condition for the fabulai per
formance of hts duties.
ARTICLE X.
That in case of the death, disqualification,
removal or resignation of the pirsidcnt, the di
• retors «hall appoint one from their number to
fill ihc vacancy, who shall hold the office during
the remainder of his term for which ins prede
cessor was elected.
ARTICLE XL
'J'he snares ef the capital »toek shall he trans
fr r.ihleon the hooks of the company, according
h rules, as conformable to law, may he es
ro «nr
tablished in that respect, by the board of
direc
tors.
ARTICLE XII.
No transfer of stock in ttiis company shall be
considered as binding upon tiie company, unless
books kept for that purpose
made in a hook or
by the company,and it is further expressly agree.!
and declared that any stockholder who shall
transfer in manner af.nesr.td, all his stock or
shares whatever shall thenceforth cease to be a
member of this compan
any person or
X.1Î
it
accept a transfer ot
persons whatever who
of
any stock or share in this company shall thence
r.trth become and be a member of this company,
to
according to the articles of association.
ARTICLE XIII.
That the lands', tenement«, and hereditaments
a
which it shall be lawful for the said company to
of
hold, shall be only such as shall he necessary for
in
its immediate accommodation, in relation to the
convenient transacting of its business, and such
as shall have been bona fide mortgaged to the
y hy way of fccuiily, or Conveyed to it,
com i
or to some person in trust, for the use of the
be
company in satisfaction or security for money
actually loaned, or advanced, or iu satisfaction
of, or security for debts previously cout-meted
;
with, or due to the sait! CQm|vat!y or pu
rchased
e
at sales, upon judgments, which shall ha
vc iiecn
for
obtained for such debts, and in every instance in
be
which the company may become
owners or
claimants of land's, tenements, or hereditaments,
the board of directors are empowered to sell or
d!spo»e of the same in suohAfiaiinc'r as they shall
deem beneficial for the use of ihv company-.
ARTlC.LE.XWd- v
The company shall in no c:i.»e be owners cy
fill
.iny ships i'i Ves-.v!«, i>- nuectiy or indirectly lie
enneeii eii iu rommci < - ,nr in* c ■ .ncr tir in the im
portation or exportation, jutenaue or «nie of any
}'ihm!«, wares o, merchant fize 'whatever, (hills ot
ant! bnihon only excepted.) except
exchange, ai
such ■ '»ip«, v
•estel', 'fin:!-", warts, or merchandize,
as shall tie truly transferro;!, conveyed or pledged
way of cuiify lor inonv v actually
to Lit M V)V
ioat.c.! and aJu.m ed, or f rdebts due owing, or
1 Rrmviij.' due to the sndi.-m; my, oi purchased
'w them lu scenic mciiricht«, so due to tuera,.;
con,-any, or '•> ■ fret it-^urunce on the property
dt-t may !>•■:,i.:g, .; he tuns pledged to the said
company for ns
ARTICLE XV.
All hill«, bum"-, notes, . nd every contract and
engagement, oi ' . half of the company, shall be
dyne.' by the pres, lent, and countersigned nr at
.estul h: the to'll.'I c tne tn.iijiiny, and the
funds of the company stall in no case he held
res,-jnaililc for ui.', cu tract et engagement whot
"v,., no 1 , <> the .tune „nab he s > signed, counter
a'tested rs .aforesaid, and the hooks pa
.* •
ait 'he funds of the com
(;crs, Co ioh;
iitnj, - D ili at .t;i be ruijeut tc* the inspec
tor g T t' *1iri *• i*
A:\iic\A-: X\i.
Div;t'cn<!s ' -tii?* *>: "h' » ol the rot^pany, or
of (> '•- :rh '•;* \ I* f SDJU , .p . Ill B i s k', ;.il '>C fleCUK»«!
. xpCvlient arul proper, s. h.* ■ !.. re-1 amt paid
half yearly duiirg the
moi." • ot .Jaima'y .ii.a
s.xt'ept th, ti'.--. dividend wtiich
July in every ye r,
»hall he derbu ed nt ti.
i of January eigh
on.
i I tile said dividends
teen hundred am! cieve:
,n ill f'O.m time to r i i— no urn rroined by a ma
jo i it v of the '.ireuto.«, at a meeting to he lu Id
to. tl;..i purpose, and shall m imcn: exceed tin
an.omit ot Aie nett profit« actii-lly sequite'd ht
the company, s<> 'hat tiie cipi'.d stock thereof,
pclffd ! d'efdcilds.
shall never be tut
Al; 1 K LE XVII.
ff the sa!'' director» shall at any titre wtlfaüy
and k.iowir.gily make or dc,.! iVe any dividend
who It »I'.dl iinp.ir the s h i c .pi' -i .'p.cir, ail .1
xv ho srcil be ptesent at the making or
r> i >.
( c.ring .'iii'li dividend and assenting thereto,
.- .1. he I .hie in their individual catracirtes to the
E
c-i;npauv t tor the *• n: » r; t nr ; rop*'.rtioii ci' the
- 1 *.- * stock» po ti 1 . viel« l hy th> «aul ciircctov«;, ami
(*tirh (lurctor who shall b«.* p't^r'r ,»t the
nr th-clarin-; or' such cltvitlr•?;!% shall he deemed
ta iiavi* LD.-.'-it nfcJ tiiei'u'u. hmU'ss be shall iinim 1 *
diat?ly dcclan; mj wMtohis disp?nr,no the ujin
utes of the pro -.iwk if Mh» Vo.-ird,
AiTI H l.K
If ic hereby c as; 1 rxpïkbïy declared
to h * L.e object oi «he j.cinoih wim •»
i under
the fil«?', oj
>' m! tliici Tors nt* t!îe
»n« i*-* '■ or
iiar.k «1* \
.Mid iluim'vwine, that i: .>
'ui'n 'ton
♦ p'opcriy f.»rj mr k oi v„.ui «
oin.'.tyy (exclu"
vT vilff . ''rh iii M Î.J 'V .
- the'
r.rrcr
herein men
d.j î>hHj ! d- t
•tv:Me it
th debt< and r t; '•
:i r. d
the
*'• *r no ; e-rioi.
a: ! or to w <
b'conic in a.ty w're i:.
lence wbrttTV*;; iuive. i, ;
j ate property .»î .?*ty p.<
r
the no ip
ti:
IP
• <r a ;:'u'S.' • '.
i
mi!,
person»
' ''ug
T o'
■•I i
orwilf'.i.t r > III. ». cc 'j' trv, s:
dent, ami . .'Uitc
h.
i
compa.ry f< ■ .ne time hen
with M
eiedit im
» .y mannet. .. u.ict 11 .
sp.ctivi'ly to • ; uni i
if
:
company, nmi the .' !
'IV
I be
on ,U 1 J pre-e . ..u n
ny except ns hen nvntio: dar.'.';!
agate s i ttria c .m;-.pv (if any sh. ' ' ■
! t: vu off
and in cat,.- .,1 h cimtlt.
pending .ny i-ucit
ag.lnst ' ",
i il » i •• i
MU' »
»hall he ms . . me rxpc'rs
• ■ corn par.. i ■ !
substituting his s n •
.r a» th-i. ' 1 -
»»or ui
ant, ro th it prisons havn", . demi.': «
tile company may not lie prejudicr
t
v '
oi
hy that event, or if the pr «mi su'ing .ill y
i.n
against the {rerson first nnuird as dc, u.! n't (not
withstanding his death nr removal Iront oft'
I
thi« company shall take ro tidvairfagej?;. : cl
error or otherwise id'such pr.n" a!,'use on that
account, (ir .ill recoveries Intim in nnerafnte aid
shall be conclusive upon the company, so t'.u as
to render the company'« sairl joint «fork or pro*
perry liabh- thereby and no further, end the com
a
pany shall immédiat iv pay the amount of such
reeovery nut of tin ir joint stork, but not other
wise, and in ease of any suit at law, the piesi
dent »hall sign his appearance
hlu coinid ii
hail thereto, it being expressly understood and
declared that all persons dealing with the said
company auree to diese terms, and are to be
hound tlifiieby.
ARTICLE XIX.
The r!irrr'ors sir id keep fair and regular en
tries in book prpvi led for that purpore of their
proreuling«, and on any question where too ,li
rerturs shall require ir the yeas anti nays of 'V
dirccrors voting shall he tin v iuveuc.l oil their
minutes, and those minutes ' »t ..11 times on
demand produced to rite ."'t ab 1 ers when at
n general meeting tiie same »'•.•'l ..enquired.
ARTICLE XX.
Tile association shall continue m.t ! 'he twen
tieth day of .f'inua'y, one tlMii*"'"' e ,'ht hun
dred am! forty and no In ,ger—but th,- nroprie
in
rors of two-thirds of the capital stoete of the
or
company may by their concurring
votes at a
general meeting to he called for that express pur
pose, (i'.ssolve the same at any prior pern«!, pro
videtl that notice of such meeting anti of it« oV
jeet shall be published in the news-papers of t ,
borough of Wilmington, and such other, tig,
cy
■lost public notice the nature of the case may
.''qiutc lor at least six inorulis pitvious to the
t.rue appointed for .«roll mcctinr.
ARTICLE XXL
Titrée articles of
agreement shall be ptiblislied
tn the news-papers
of the borough of Wilming
t. ii lor one mnnili, ansi for the further informa
tj ui ot ait persons who may transact business
wfh, or in any manner give credit to this cotn
p my every bond, hill, note or other instrument
of emit net by the effect or terms of which the
company may he cll.'nyod or held liable for the
payment of money, * 1 » : i specially declare fn such
uiatmeras the board of directors may prescribe,
that payment shall he made out of the joint
lumls of this company, according to the present
article? oftiiisassentation,and not otherwise, and
a copy of tile lSdr article of this association
shall be inserted in the hank book of
every per
son depositing money
other valuable pmpertv
■Aldi tne company for safe cast !y, ,, r a pointed
c.jpv shall he delivered to every person before
any such deposit «ht. I have been deceived.
And it is expressly declared that no nvoar.
mem can he legally made in the name of the odd
company sinless u contains a limitation
r rc
striction m the <t" ct above recited, and the com
pany hereby expressly disavow ail r-p'ipsibiliry
jor any debt or engagement which tr.av bt w nie
in their name, not containing a limitation,
or re
sanction to the effect aforesaid.
ARTICLE XXII.
Immediately on the dissolution of this a«sor.ia
tion effectual
res shall he taken by the
ex -
citing director« tor closing all the concerns of th:
pany, and for dividing the capital and profi 1
ecu
uhic.i may remain among the stockholders i
piopoition to «heir respective interests.
In witncss whereof vvE have hereunto sc'
our panics and firms the
day of
in the
year of our Lord, one thousand eight h
ii -
d:H and ten.
V.Mmingion, T.fardi 21:
lm
-Lissol u Lon of Partnership.
/ j|'"M 1'- pj'tncr»h:p of flrcl/ltn §• Rirc is tl. :
JL dissolved by mutual rorisct.t. All perse
ving demandi agsiust said firm are request'
.. a
J ".'«r h t 'hem ; and those in-hived are desire.:
tq make payment to cFfcer r. i'-.e «ul -ciibers.
Thomas là t'ltin,
Waslting'on iiicc.
WUinîiiptciri, Feb. 20, 1810. (>{> tf
WASHINGTON UICE,
7) TsPï * /C '!•'LLY inform« the old c* -
-L.iy tomers of fl'iiilirn Se Rice, and the pub!
generally, that lie has purchased the stock of ti
said tir.iii, and will continue the G"i :->>'v Irv
ness, nt the same stores, where In? friends a. •
may lie supplied with articles in 1 -
ci*? torner?
line. Wlioles dc and Retail, on reasonable tern»
;Vhrn:iry 21.
tf
P a t e r. t \ V a s 11 ! n g i\ 1 a c 1 line s
V^'VIE subscriber respectfully informs hi
i friends and the public in general, that >:•
. sr.me thne ace, purchased an »'xclttsive rigr
ik-mgand vending Ratent Washing. Maetini
i tghout the hundreds of Brandywine am
'iana, in Ne w-Castls county, a number o
.-.lachine* he Inis already made, which
: '> ' etTtrici hy divers {tenons ar«l highly ap-'
as they save a great part of the lahon
' iu the usual way, and are less injur:
'ine«. I le will continue to make am
i ... a fit'pL ' them on hand, which he will
le; ms to such as favour him
-t m . and will also sell
i i'.
any pet
•>' o m kc and u-'* mem \v
ition
tllt
!
.iL.crak!.
A PRAM C EST.
'.Vjh.u'ugton, Jan. f!, 1 ;;09.
tf
BP. LWIin G .
(IF iibscribe: liaving rom-nciired Brewing
T
I .-r' the -j rr - *» , !" . » leave to ij.form his
Down .vi ' » ■ jiUi v vu»t.v>.,..
ai tie has
SCHONG A- 'CABLE P.EEH ,.i
ox, . lient
quality const n.tlv on h.:n ', which he will dis
Ali orders will be
pose of at tue usual pi lics.
nptlj attcndeil to.
Joseph B. Slupley,
H'lFn/K/f.iitf Nr . i, 1800, •
John Jjixon
T TWIN G succeeded Vf amers £s* Tor
1 *_ ! rt in tbs grocery business, at the
stores lately occupied by them on Market-.
tret t wharf ; offers for sale on the most
nod-rate terms,lor ensh or the usual credit,
J General Assortment oj Groceries,
And hopes by a strit t .. tention to busi
ness, to merit n share oi the public ptitrou
age.
The Packet, Sloop Hope, Capt.
Mit.t»r.R, with c.nrd iicooniinndations fdf
passengers, will ply between this Town &
Philadelphia as usual—all freight sent by
packet will be carefully attended to.
said
Wilmington, July 8, 1809.
a
Horse Bills,
13 * ho«r's notice, at the Office «f q v
Struck ofi'at
y^Elegim* IIoTse figure«.
Ganctte.