Alexandria daily gazette, commercial & political — Alexandria [Va.], 1810-09-28 00:00:00, page 4

' AftiClCS Of AssOCiation_
ss Forming 4 C'mnpam/ ofctmited farmershiþ.
52 si 2LEXANDRIA._ __ __
:tsssssiss; E nj-si-ssxnowuuud made ,mamsest, tharwc
gss'sisi. _ the Sugegoiheti have formed a Compa
ssssFx-xssytLBWctBWtS-hish and do hesse'
??be quotiate ends agree with each other to
","eooa' fifthe bann'si ' esssi isin—the manner heremaf
si—ctssm deseribedssa'nd spssQdfiﬂd by and under. the
Z'sifi-sisi'sissctnipe end style of T lie Presidentsi and "Direc
si-si do hereby_mutually covenant a_nd agtee
,Zsiict-Tthat the fotlowmg rules_ and re'stmetlone snall—
:zsisi'sict;5'be the'sundamenta} arttcles at the our RSSOC'
-_si_ "(finden am; agreement with each other! by
sssssis-si-"which we find all persons who at- any tune
si; — cthereafter may transact business-with the Said
Fsssi'cocssnss-puny shall be bound and conciuded. _
si sisi stair]: 1. -The capital stock of the send
\ : fosspanysimay consist of One Mil'tion- ofDoi
Tsi _ ' lers, divided into shares-os Fisty Dollars each,
to be paid as follows :—Five dollsinssion each
si share at the time of subscribing; five dollars
.more within thirty days thereafter; ten dol
lars more Within forty five days thereafter;
ten dollars more within sixty days thereafter;
ted dollars more within ninety days thereaf
' ter," and the remaining ten dollars within one
hundred and twenty days from the time of
sisudsetsitbing—And the subscriptions towards
constitutsitng the saidstock shall be opened at
. Brook's City 'Tavcrn in the town of Alexan
dria,,on Saturday the twentieth day of Oc
\ tober, 1810, and continue open irom tcn
"? 'siJctock in the forenoon until three O'L'kmk in
.the aftcrncon, under the superintendance of
- \ Thomas Sit'mm, Charles I. Caztsi'ezctf, Jac-ssib
Jh'organ, Richard .M. e'coct/t, Geor se Deﬂfctct:
ct 39"! Patto'z,—Jr. Acwton Kecne, John Ric/z.
: and Robert I. il'cylor, or so many of
ssthem as-may be present: And it" a greater
number ot'sh-J'x-es shall be subscribed thun is
- thrccted by thisss articie, the excess slm'sil bc
deducted from each subscriber, in proportion
-<.sssi.;5xo the number by them respectively sunscsiib
\cd-—But if the wholenumher of shares shall
hat be subscrihed within the period above
mentioned, the Commissioners shut] close
the sttbdcription book, whieh shall remain
, siriuscd until the clccswn of the Pt'csiuent and
Directors, And so continue closed until the
nidfi'resMent and Directors shall think pro
per to open it, who may &: shalt have power
to ptsscscnbe the terms and mode of payment,
end tisizenumber ofshares to be subscribcd sorss.
i't-uusi. time to time nati} the ascrcsaid cnpitul
ut'une Twiilliun ofDoihn's she.]! be "fully sub
sci'ibed. or until the said President and Di—
l'eesigtm's shzsili at a full meeting ot'thcir Boat'd,
when all the members thcreoi'shatl have had
_ at le-siwtsiten thys previous notice of such meet
4— ing, and its O!:sijcct, determine finally tu close
the ssizigtsisubscription ; of which determine.
sissct tion the}? shut} give six weeks public nuthze,
T "in some newspaper published within the
? -si'_'ct<luWn os Ahzxzmdriu; which detetmination, so
sisisi-fþss' ' had and putxiished, shall be binding und czm- '
ss ch-siivectupon all the members osth'ts sissotia
tion.
si .a'vsizicle 2, The subscription being closed as
" asm-essisiid. the Uommissioners or any three
of them. shall forthwith advertise a meeting
'osthe finddCl'ibUl'S, for the purpose useleuing
_fii'tc<n Directot's, one third of whom at least ss
'si-sishan hc citizcns of the Commonweadth of ss
'Virginia. to urganizc and conduct the uﬀnirs ]
of the said assim—iution, giving eight days no- !
si tissce thereof, end osthe time and place where 1
ct' * such election shalt be held—
_ thz'cle 3. The Direrters atthsieirsirstmeet
" ing shall ehoose a President out' of their own
body, and shall have power also to appoint
such officers and servants under them as may
beneccssztry for executing the business of
the Bank, and shall ailow them su-xh compou
sation for their services respectiveiy, as shall ]
be reasonebl - : Provzcsi'c'd, that the aggregme :
amoum of such allowunce, shall never exceed 1
' sionZ pcr cent. upon the capizal stock. ;
Articlc 4. The President and Directors
shall determine the manner of doing business,
and the rutes and forms to be pursued, andsi
ssdispose of the money and credit of the Bank,
in such manner as shall seem to them best
galeuhted to pmsitmfsse the interesr es the pro—
. ,—si'{5ssi9r8 es ssthe .Fdrmers Baml' of .de'exensid-ria, and
Slotkholder to the mount of law: un
sisi pound dollanct " & si
rrietors. ,ss
Arziclc 5. The" second "election of Directors
shall take place on the first Monday in Janu—
' ary, 1812, and an election each year theveas.
ter, on the first Monday in January, in the
- town of Alexandria, at such place and under
such regulatiors as she Prcsident and Direct—
—0rs for the time being may prescribe.
drtzcle 6. Stosi'kholders shall vote at an
elections for Directors by ballot, in person or
by proxy. and the number of votes to which
, each shall be entitled, shall be according to
- ' 'the number of shares he shall hold.
' Africa- 13. One month previous to each
clssccrion ofDirc-ctors, lhc Cashier shall cause
ctsstb be n'fade am a consiecc list of all the Seed:
' holden, Which shall be subject to the inspec
tion Of: any wembcxsios this ussociation.
Arttcle 8. No persop shall he eligiblc to
hold th' Office Of Presidcnc who is not a ci
- tizen of the Unitcd States, and a bonqfide
\
vss
/
\\ ss, .
\, A . si. si—sisi
to establiS/z a Btmk within the Town of
Alexandria, to be! (Icnominated the
si FARMERS BANK
OF
_—T
acitiz'cu of the United SIZIUZS, and a bona
fide Szoctckholder to the amountpf atleasc
sifive thousand dollars. But if anysisssiperson
' should; be siclssectcd as Prcsidcnt or Direcco:
[who shall" not at the: time of his cec
lion be qualified under this and the sure
:going article, he shall be aXlowed thirty
days to quaﬄy himsdf, and during m—si:
term ol his disquahfication he shall not ex
ercise or perfuv m any of the dutics apper
taining to his appointmcnt, but if he docs
'not within this period qualify himsdi'as :
foresaid, his appointmcnt shall be de'tﬄcd
: void, and the Board of Prcsidcm and Di
. in whith its assaira have been conducusid—
- vaidcdthat no member of such commi e
ss of beingindchtcd to the Bink, until such '
? debt be smisficd, except the Prcsident and
5, Directors shall otherwisc'ordcr it.
he be so by originalsubscripziun or by trans
scr, shall be considered as a member of :his
siassuriacion, and when he ceases to be :
Stockholdcr he shall cease to be a member.
Articct'c 19. It shﬂll be the duty of the:
shall appoim a Prcsidenc prf) tempest,) to
I presidwgc the Boardsi'of Dnectors to voce
& on an qucssSZIODS, [D mmutc the Procecd'mgs
; of the Board, to cause all the orders & reso—
si lution: of the Board to be carried into csscct,
; to sign all bonds,bills, notes or ochcrcngagc
, mcncs which the Board may from time to
& time direct to be issued for the paymene of
si money, and generally to superintcnd the:
'aﬂ'airs and watch ovcr the interest of this
association.
Article 20. Is vacancy shall atanzsi time
] happen in the essice of Prcsidcnr, Director,
Cashicr, or any other office: or servant of
the Bauk, by death, resignation, disquasi.
fication or ocherwisF, Fbe same may be fill
zed byamaiority ot chcssDireccors for the
time being.
sidctjtz'cle 21} NQ standing or unlimited ac:
si.
A
ctb-cr of'Directors shall be hecessaty in the
-ctsuch dividcnds ot profit as they may deem
said.
Articz'c 17. The Shlrca of the Capitol
shal be & de-ector, pru'zdrm. or other visiges
or servant of any other Dank.
Article 14. The Ptmidtm art:! Cashier
shall respectiu—Ly gin bond and security,
and also take an oath for the faithmi dts
charge of their dttties—the Prczidtm in the
sum of thntythouIand dqusirs, and the
Cttslticr in the sum otsithitty thousand doi
larssithc other officers am! servnm shall
also take an oath end enter into bond & se
curity, in such sums as the President and
Directors may prescribs.
Af-ts'cle 15. The total amount of Bank
Nutcs and all other engaggsi-mtsinu of the
Bnnk forthe payment ot money, ehallne
ver exceed the amount ofBauk Capital, and
the amount of monics dcpositcd 'm Bank fos
safe. keeping: lt being; the dfcidcd intention
ofthis article, that th: engsixgemcms of the
Bank for the payment ot' . tone); ehzll in no
instance w hatever exceed its actual find ef
ficie-nt means of paymcnt.
Artic/e 16. Aii bing, bonds, notes and
every contract or ctugagcmtm on behalf of
the Companctv for the payment of money,
shall he sighed by the Prteidcnt end. coun
tcrsignc—zd by the Cuhier, end the funda ot
the Compatzy shell in no case be liable for
any contract, or engagcment, unless the smte
than he sighed and countenigucd us afore
stuck shall betranslcnbic ntnny time, ac- -
choice of the Presidcm and Cabhier, but
three ctm'embeTS with the Presidcnt may
consitute a Board for transacting thc ordi
nary business of the Bank.
Articlo 12. The Presxdent and Directors
Shall keep a book in which their proceed
ings, at their meetings as a Bourd, shall be
regularly recorded, and upon every question
which may occur. the'ayce and nuns there
upon than be noted, which record book
shall at all times be open to the inspection of
my Stockhoider, not being ;- director, offi
cer or servant of any other Bank, who shalt
six mouths previous to his application be
the proprietor of stock to the amount of
three thousand donars.
Article 13. Any Number of Stockhulders,
not exceeding twenty, own'mg together,
stock to the nmount of fifty thousand dol
hus. {or the space of six mouthe, shut} it: at
hbcrty to call a meeting at any time of th:
Stuckhuldera,& may vppoint three of their
number as a commune to examine into the
state & condition of the bank, & the manner
cording to such rulcs as may be cstablished
by the: Presidcnt and Directom. But no
Stock shall be transferred, the holder there
'rectors may proceed to fill the vacancy.
Article 10. The President and Directam
shall as soon as they may deem it expcdi
ent, declare a dividend otsi profits, and every
half year theicafter, shall make and declare
Prcsidsi-m, (in whose absence the Directorsct
proper—but no dividend shall be declared
except'by a majority of:" the Dirccwrs.
Article 11. A majortty of the whole num
hold the office of Director who is not"
Krticlc 9. No person shall be eligiblc to
rtz'clc 1-8. Every Scoekhoidcr, whether
-4
s
1!
n '
f
——
i
(
E
i
:
:b" rtctspcctsittfeiy disavow luting t'csisiottrsc,
' on any pretence whatever, to the person or
* separate property of any present or future
1
?
commodsiation SHZH be granted, exccpls'atssss
the: discretion of the Prcsidcnt and Direcc ?
ors, cuss & chkholdcr, and not in a Stock- a
holdcr coau amouoc-cxcceding che amount '
of his stock actually paid up. \ i
Article 22. ltsiuny Stockhnldcr shall sail '.
to pay up the: several instalmcnts upon his :
subscription as hcrcin before dlscCth, his ?
interest upon such instalmcms as he: may siz
have paid shall cease, us to him, and remain !
to the use and bcnc sit of the other members !
member ut this company, except as above
mentioned. And all suit! to be brought
agaimt this company Of any shall he) shall
be brought again:: the. Pt'csideet set the
time being, and in case as his death or te
moval twin other, pending any such suit
against him, tacauured shent be taken, at the
expence at the cutnpatsiy,sit'or substitutangsi
his wcccssor in uilicr, as a dt-kndant; so
that person; having demandu upon the com
pany may not he [;t':_judtccd or dehtyed by
thlt t'cht: Or, if the person fitting, shasitil
go on against the person first named .: de
tendant (notwithstanding his death or re
moval from csiliiu) this totnpany shaii take
no advantage, by writ ot est-Ot; or other
wise, of suah proceeding en th'itt account,:
and all t'etovetsiies, had in manner aturesaid,
shall be conclusivsse upon the company, so
far as to render the contp'sitny's said join:
stock or property liable thereby, and no
further ; and the company shah immediate
iv pay the amount of such sCCOVCsy out of
their joint stock, but not Othet'wise. And
in case of any suit at iaw, the president
shall sign his appearance upon the writ, or
tile common bail thereto ; it being expressly
understood and declared that all persons
deﬂing with the said company, agree to
these terms, and are to be bound thereby.
Artislczz". These articles of agreement
shall be published at least twenty days in the
the Alexandria Daiiy Gazette; and for the
iurther information of ali pctsssons who may
tt'ansact business with or give credit to this
Companssv, every bond, bill, or note, orother
instrument or contract, by the eﬀect or terms
of which the company may be charged or
held liable for the payment of money, shall
speciaﬂy declare in such form as the Presi
dent and Dit'ectorsis shall prescribc, that pay
the Farmers Ba'nk of Alexandna, accordmg
to the present antides os assuciatiun, and not
otherwise, A copy of the 24111 article osthis
association shall be inserted in the bank book
of every person dcþositing money or other
valuublc property with the company sor safe
custody, or & printed copy of the said 24th
article shall be delivered to every such per
son before any such deposit shall he received
from him. And it is hereby expressly de
clared. that no engagemcnt can be legally
made in the name of the said company un
less it contain a-limitation or rcstriction to the
eﬀectct above recited. And the company here
by expressly -di:a_mssssY all xesponsibility soxj
of this association.
Article 23. If the Directors of this As
sociation shall at any time wilfully and
knowingiy make and declare any dividcnd
which shall impair the capital stock, ur
shall wilfully and knowingly violate and in
ttinge any usthe {oregoing fundamental ar
ticles of this Association, all the Directors
present at the making or declaring such di
vidend, or vioiating or intracting such sun—
damentatartisile or artictes, and consenting
thereto, shall he liable in their individual"
eapacities to the Company sorihe amount
or proportion of said capital stock so di
vided, and also for any injury er damage
that may accrue in consequence of any such
violetiun or inisiraction as ashresaid; and
each Director who shall he present shall be
deemed to have assented thereto unless he
cause his dissent to be entered on record.
Artic/e 24. it is hereby expressiy and ex
phcitiy declared to be the object and inten
tion Let the persons who associttte under the
stile or him of the Presidcnt and Director:
of the Fntmersct Bank ot' Alexandria, that
thejuint Stock or property of the sztid con
pany, (cxdusive of the dividenda to be
made in the manner herein after mentiotuzd)
shztll alone he respnnsihte for the debts and
engagcmtctnts ot the said company. And
that no petson who shall or may deal with
this company, or to whom they thzil or
may become in any wise indebted, shall, on
any pretence whatever, have l'CC-IUX'I': n
gainst the Separate property of any present
or future member at this company, or a
gainst their persmts, further than-may bc
necessary to seeme the faithful apphcutiun
us the tunds thereof to the. puxpssoscs to
which, by tht— : pzcsenta, they are liahic:
But all persuns accepting any hond, hiil or
note, ur Other cunttact at this company,
sighed by the Pt'csident, and countcts-gned
or attestcd by the Cashiet' us the company, .
for the time being, er deuisiing with it in
any other manner whatsuever, thereby te- i
epectivsily give credit to the said join: stock
ur property us the said company;,md thete
ment shall be made out us the joint funds of
.?
Lsict'si
-.-_
fast received by _7A/!;'L'S KL'A'A'L'J- A
ct New Pubhcations
. sen. ng-street, !
An'udote to the Merim Muniu,
grcssmg thro' the United States,
() R,
The V_alue of the Merino breed, placed l-Y ss
observatlon and experience upon a proper 5
bans. '
The BritishCicero, or a se
most admircd speeches in the English I;!"
gpuge—anssangcd umfcrthrce dw'siinct hc-sids
Of POPUMP parlian—zcmary andjudiciul oz-atol'Y
—-With historical illustl'zz'siions and an intro
duction to the sistquss and practice of cin
quencc, in 3 volumcs-ct-by Thomas BwWWf
L. L. D
A Dictionm'y os Practical Surgery,;olȝ
tmnmg a complete cxhibition oi the P'ssss'ss'
ples and practice of Surgery, 2 \'oiumc$
by Samucl Cooper.
ssMavor's Lives 0
taming the most illustrious ch
gay debt quengasigcm'ent, siwmsisi m—siy bect
m cnpnctuamc, not (funuuumg & simss mss
rescrxctiou lo the effect afuresaid_ mon,"
.drt. 26. The president and
'have power (& mzzjurity of tm
bcr cuncurrmg) w num, rffi
nul all such rulcs, uruu-z 01
governmem ofsict sine COctn-"si-sssiny uud uch ul'ii-ss
officers, scrvsicml-s, and 'When-5, us U-csi hue
from tune to txme lhzxm cxPeQLsisi, 1 um},
consistent usisiix law or the uzsizusssi o. uulcttusi
sociatio'n. *5 usi.
Art. 27 . The president and (si;
have power to petition [or an
ructtion, and to accept "such act,
may Scun Lo thus:) cazsiuzsisitcai L
intelcsts 91 this assocgsiuun. (83
..sirl, 28. Any number of SYOLkhoIdez-s nsit
less tsshun L'wcmy, who together Ssisictcti be rct
prictors of two Lizousanq hhsiazes, may Wrasisi
purpoctc rclauw to ctll'be uct-si-usisiuiion, a-si-si-sisi). th'uy
app.y 10 cnc presuasim um] ussffisssiss tucctsssi
a gcz'zeysid !llCCLlfkg ui L'zcsi Stuf sisisi10i(itl'., muss
by them lciujeu, 'HC . sum number of Stock.
hoidcrd prUpudOrs 01 not Head tisixictn Umuzunss
bcr ui' siharcs, sl'ml'l lum: power Lo culi ; gene—
ral mcctmg ol tus: sctosiklsiulciusi, giving at
least sixty days nonce 31) 11 nesi-si-ss—p psiss, Plint.
ed wuhin the town oi z'xlcxsimm-ctss dlssffisyinss
in such noxicc the object of vbjccsisi (A sue:
call.
Art, 29. This association shall continue
withouc limifsiutiun. But. lvacrtl-Cless n.;- pssh
pricuns 0: two thirds of the cuL-iusil ssiss;
the company may by them concux-cn: volesa;
a gtmrui mcc'siing to be caiiul [or mass,.ctsi
pose, dzdsuh'e mc same at any period
an vc. 1' of our lord um: thuusauuss ugm huu.
du uct and thEz-Ly : Providcd Lhctt notice, o: duck}
mecting and isisis objeus simctu. bc pubzisncd in
um or more newljnpers prx-ned within the
dis'si'siict oi Coi-sictnsbia, for in.: Lzsissi tlssccrsionzns,
uucccssisisssdy, previous to the Lime uppsi'sisisictsiss
('or such mecting.
li'tsi-Clt: 30. On -the diss-si-quctzon bflhsiZS
anosizzziun, thueatr the same shall he de
ssrmmcd un, tif'ss'ctual I:]:asict'urcs S'sssahbt im
mediately taken by the president and di
rcctosis then in OffiCr, sur closing a}: um
cssomcms of the company, and tur dividing
the cupiizd and profit: whsilm mrssv rfmasin
among du: stuckhoidcrs, m lsissz'opussssssmun Lo
thus :czpcezivc xuzcrcscz.
tiqusiY—FOP the- usc of schuois. _ ,
DP- Smith's translation of Longinus, Wlﬄ
the original Greek.
Sept. 14. colf ..
A: :: Bonrd of Direccors of the Do
mÞsuc Isslunusz-sicturc Uo11.5.axcty osAicx-sin...
dria, held at their Wal'chvczds, Scptcmbezsiw
1810,
()rdc'rc'd, Thai the srockholdcrs ostHS in
Stilutism Isic ncfsiifiul through {r.c mcsiiiumu
the zcwcpcsipcr of this town sm- uu) ne'e'hs
previ-Z'us to the dry ui' pujmcm uh'ss; lastin
stzsiimcnt of sctzorfsiz, that gcmsh-z-sss of viof'k
Wiisi 'UC .YCWY fUi' (}uisiwel'y m tinuscxrhoulll
then or within ten cizzys thereafter [x.-7 UD ZY-c
thic of thtct'ir isisfsiimuus. ;:mi that Liio—ctc
sailing to cmnpiy wi]! lzc; excluded from sc
ceivictzg am pmsi of the dsiu'idusisisilsi.
('Szsig'nt'u') .
john ÞcsiictKinanss', C/zczzactmsim.
!CPLCMDCR' !8' ss ' ..-...- cfsslsili-L
Ncilson's Greek I:;crcxses, ,
Ab'ssictg'ct'd ar-d xcvised (or 'ssisie use us SFlzoo'l
and Lollegcs, by the Fymsizissssmis of Bctzksilmct-ssjc
Collegc, dish a cnncisc, LuL conss-gnsicu'sisi-SWC
Symax, for saie by
James Kenncdy, Fill
as neatly exewted at.
jUhledo
ohn Maclctcod Avenf.
, O
Domellic Janufatsssiiure Company.
The ninth and last instahncncus
O!}; Uollur on each share of stock. of me
Ds-mcszic Manusac'siure ('umpany os Alexan
dria becomes duþctandss-paynisi-ic on Tchday
the Sd day ot Ucﬄbcr lzcx'si, at l.:cir Ware,
house (is: Ring street—(lcz'tisn'aucs os stock
will then be ready for de! very agx'ccasisilc to
the order of the Buas'd ut Direcun:, usin
—
Buoct'ese/Zur, z'sizsizssg' silircel
thto 19. (0 .—
55" P'Fffisifing inalli _
this office.
f Pluturch, sclectm
du"
—
.(dl'ecwrs sha'l
l' 1' , l
- si \'.si'<'1f=1-ux1
lbe) 'Msisil. 01. 1 . ,
(s branch- ct
araczcrs Ui
asit ul mass )ss
01" charsier
, ) Up
O l'iblhuc v, -
lection of the
now pro- "
1,con
sin of
ib
. t', .
ths]: