Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-10-25
Amounting in the whole {
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WASHINGTON TONT1NE.

AF!fcf Is he C2pltaI OF inc company lHdil
be two hundred and fifty thoafand dollars, dlvid
ed into ha,es of fifty dollars each; and the
fame hall be inveited in three millions eight han.
dred and ten rhooufand eight hundred and %feyenty
1uar= feet Of ground in the city of Warrington,
including privilege Of alleys; TO confit OF the
lots, a particular list of which is hereunto an
nexed, and which their owners have covenanted
fhall be conveyed by efficient deeds of general
warrantee, ard free from all membranes, unto
Divid Peter and James MortetI, Efqs. OF the Dit.
tfia OF Columbia, and to the lurvivor OF chem,
and TO the executors and administrators OF iuch
~iurvivor, to be held by them in truf until diff.
pofcd of as hereafter Greeted, for the ufe and be.
neht Of the company. The titles of every pro.
prie.or are to be Investigated and approved ofby
John t. Mafon and Philip B. KY, Figs. before
pafing the deeds.
ART. .. Every iubfcribcr may, at the time Of
fubfcribing, or at any time before the hrtt day OF
July, in the year 1906, n~oSainate a Peron or Per
ions with whole life or lives the fhares taken by
him ihsll be commemorate And any pet(on de
frous Of making ~proyiGon bey ond the reach of
common accident, TOR peffo,s OF tender age may
iubfcribe in the names OF luch %pcrfons. Subfcrip-
tiuns may be ALTO made by proxy. But until the
ncmina,ion hall be made as atoreiaid, the exit
ence Of the hares hall depend upon the lives of
the perloos an Whole names they lhaIl have been
fubfcribed. All nominations on which the flares
arc to d,pcnd, mutt include 4 defeription OF the
age and place of refd:ncc Of the perlons nominal.
ed; and nominations not made at the time of lub
fcrlbing may be TENT to the directors who fhalib be
frit elected 10 manage the concerns OF the COM
pany, any time before the frR day Of Jrfy, as
a~forefaW.
Arr. 5 Upon the death OF any perfon, with
whole lie a fhare or flares ihal have been made
commemorate, fuch fhaTe or flares IhsIl ttereupon
be extinct ; and all the intertfi of the owner there
of, in the property Of The company, dependent
upon luch flares, fhall ceafe and determine, and
the fame lhaH become the properly of the owner
Of the iuryiVihg hares, meaning the lhares des
pendent upon she lives Of penans continuing to
~flrvive,
Arr. A. The affairs of the company hall be
managed under the iuperintcndance and direction
Of FIVE directors, who Taal! be fockhoiders, to
be cholen in each year by ballot, by the flock.
holders attending i'll .perfon or by proxy, each to
have as many votes as ihsres. The hlit election
r,alIbe held al SSelle's Hote! il .he City Of Wafn-
ington, on the f.& Monday in February, 1905,
under the direction OF Roser. Brent, John P. Van
Nefs, David Peter, Walter S.. Chandler, and ahn
Dayidfon, Eiquires, or any two OF them, and
each (ucceeding eleetion hall be held on the fiji
Monday in every anuary therefter, under the
lu2erintendaoce of at leaR TWO of the Directors
for the year proceeding; at fuch place in the faid
city as tbeY hall appoint, giving due notice
thereof in one or more newfpapars, pusIif ed in
The city Of Wahington.
AR. S. The Directors hall have full power
10 fel! ia fee Gmple, or to leafe on ground rent,
renewable forever, the property belonging to the
company; and TO manage all the other concerns
Of the company /; bur they lhall not difpofe of
more than one Gxth part of the lots in any one
year, priof to the year 1910; nor fell the fame at
les than 2s percent. advance on the original colt:
nor fhall they ieafe them sta lels rate than II and
an half cents per front foot, for every cent colt to
the company per fauare foot. But though the