Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-11-20
Amounting in the whole TO
ao5.e9l
a,sIo,s7,
WASHINGTON TONTlNE.

drtiek l. The capital Of the company lhall
be two hundred and lltty thoniand dollars, dlvid
ed into fhaIea OF fifty dollars each and the
lame lhall be lnveaed 10 three millions eight hun
bred and ten thoul-nd eight hundred and tegcnsy
lquare ieet OF ground IN the city OF Warrington,
including privilege OF alleys; 70 conhsr ct the
lots, a particular list OF which is he:eunto an
nexed, and which their owners have covenanted
fhall be conveyed by ioficient deeds OF general
warrantee, and free from all membranes, unto
David Peter and James Moriell, E.qs. Of ths DE-
trie OF Columbia, and 70 the ~furvivor OF thcnI,
ard 10 the executors and administrators OF loh
~flcgiyor, to be held by them IN fruit uatil 81.
poi:t of as hereafter disetsed, for the ute and be.
nehs OF the company. The titles OF every pfo.
Eraetor are to be Investigated and approved OF by
John I. Ma(on and Philip B. Key, E@q,. before
paliing the deeds,
ART. 2. Every fubfcribcr mag, 1t the time Of
iuoitrioing, Or at any time before tie hglt day OF
July, In the year 1906, ~no2,iaate a peilon CT per
ions with Whole lie or lives the lhares taken ty
bin ih4ll be concentrate And any perion &c
Grous of making p%roviiion hey ond The reach of
common accident, for perfous OF tender age may
fuhfcrib. in the names oglach %perions. S~ui(cr;p-
tiops may be alto made By proxy. Bat ant.i the
nomination hall be made as afofefaid, the exit
ence of he harts fhall depend upon The hives of
tn. pcrions in whole names they lha;l have been
iubfcribed. All nominations Oh which the flares
arc to {. pend, moff include a defcfiplion of The
age and place of selid=nce of the perions nominal
ed and nominations not made at The time Of iub.
icribing may be lent IL the directors who lhail be
GtA elected TO managc the concerns OF the COM
paay, soy time before The fit day Of July, as
aforsfaid.
ART. 8 Upon the death of any perfon, with
whole lie a harc or flares hall have been made
commemorate, luch fhaie OF flares mail lhereupon
be extinct ana all the ~intereft OF the owner there.
Of, in the property OF the company, dependent
upon iuch ihares, ihall ccaie and determine, and
she fame ihall become tie property Of the owner
OF the i%urviving flares, meaning the flares des
pendent upon the lives @ot pcrlcns continuing to
f~urytye,
.Aar. a.. The affairs Of the company hall be
managed under the tupcT'ntendance and direction
Oh Ave directors, who halI be itockhoiders, to
be cholen IN each year by ballot, by the flock
hoiders attending in perion or by proxy, each 10
have as many votes as hares. The fl # election
Gnai! be held ar Steiie's Hotel in he CRY Of Wsih-
ioogtou, en- The irtt Monday 10 Febfnarys 1905,
under the dneGtiono Of Robert Brent, John P. Van
Nsfs, David Peter, Walter S. Chandler, and Ohm
Davidlon, E5quiEes, or any two Of them and
each fuscerdlng election ihaIl be held on the fla
Monday in every January tiefediter, under the
iu2crinsendancc OF at iealt two of the Directors
for the year preceding; at fach place in the faid
city as they ihall appoint. giving due notice
thereof in one or more newspapers, p%ubllled in
the city of Wilmington.
ART. s.. The DlIettofs lhall have full power
to fell insfse fmple, or to lcafc on ground rent,
renewable forever, the property belonging to the
CO mpany; and to manage ali the other concerns
of the company but they ihall not difpoie Of
iesore than one fxth part of the lots in any one
mar, prior to the year 1910, nor Eel. the fame at
ynfs than Is per cent. advance on the original colt
aor fhall they leafr them at a lefs rate than IL and
tn half cents per front foot, for every cent coR to
he company per fgusre feet Rst though the !: