Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-11-22
Amountin in the whole to
WASHINGTON TONIlNE.

Ariiekl /. The capital Of the company ihal
be two hundred and fifty thooland dollars, divid
ed into INA. of fifty dollars each; and the
fame fall be myeited In three millions eight hun
dred ADD ten thoufand eight hundred and feventy
lquare feet of ground In the city of Walhington,
including privilsge OF ALLEYS; TO contist Ct The
lots, particular list of which, is heieaatc an
ncxed, and which their owners have oovenanted
fhali be conveyed by lnihcient deeds OF gcnesal
warrantee, and free from all membranes, unto
David Peter and James Morlsll, Eiqs. Of the Dit.
and 10 the executors and administrators OF fuch
furvivor, to be held by them. in tru& until diE.
pofcd of as hereafter dire9ed, for the ufe and be.
nsft Of the company. The titles of every pro.
prletor are to be Investigated and approved OF by
John T. Maion and Philip B. Key, Efqs. before
paaing tie deeds.
ART. 2. Every fubfcriber may, at the time of
lublcribing, or al any time betote the e It day of
July, in The year 1905, no,ainate peffon or per
ions with whole lite or lives the flares taken by
him fhal be commerturale.: And any perion de
f'ous OF msking proyidon hey ond the reach of
ommon accident, for perions OF tender age may
faolcfibe in the names OF fuch perfons Su5(crip
tlons may be alto made by proxy. But Until The
nomination thall be made as atorefaid, the exit
ence of the flares lhall depend Upon the lives Of
the perfons IN whole names they lhaIl have been
fubicribed. Al nominations on which the flares
are TO dpepd, mutt lude dcfcription OF the
age and place of IeGdcnce OF the perfons nominal.
ed and nominations not made at the time Of fub,
fcrbing may be tent to the directors who fhalI be
tirit elected to manage the concerns of the com.
pany, any time before the 6rR day Of Iuly, as
+ aforsfaid.
AsT.s Upon the dcash otany perfon, with
whole lite flare or flares ihAl nave been made
commeniurates ilch thale or fhafes lhal ihefeupon
be extinct; and all the Inereit Of the owner there
OF, IN the property of the company, dependent
: upon luch flares, lhal cea$ and determine, and
the fame lhall become the property of the ewoer-
OF the iuryiviog flares, meaning the flares DIES
pendent upon the lives OF pefiupa Continuing 70
(urvixe.
ARK. The affairs ofethe- Company hall be
managed under the fuperintendancs and direction
OF FIVE directors, who lhall be fockho,dsrs. 70
be choten In each year by ballot, by the flock.
holders attending in pcffon or by plcx., each 70
sntlIt z f{4,1a
lhaH be held at SteTe's Hotel in he Citv of "
. gton, on-the. hrit Mondly in tFcbtusfy.s
nnder the direction of Robers B.eDt, John r Van
Nefs, David Peter, Walters. Chandier. and Ioh,
David6on, Elqaires, or any two Of them. and
each fucceeding election lhal be held on the.6re
Monday in every anuary there iter, under The
iu2erintendaacc OF at leaf two OF the Directors
Tor the year preceding at fueh place in the cad
city as they fhall appoint. giving due notice
thereof in one or no,c newfpapers, pubhff ed in
the city of Wilmington.
Art. S. The Directors fhal have full power
taiell in f:e4lnPle, or to leafe on ground rent.
renewable forever, the property belonging to the
c n'Pany; and to manage all the other concerns
OF fhe company bur they ihaIl not difpofc of
leeore than one fxtb part of the lot, in anv orr
mar, prior to the year $40; nor fell the fame az
ynis than per cent. advance on the original colt
aorihal they leafe them at LET'S rate than = and
tn halt cents per front foot for every cent coato