The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-08-15
ARTICLES OF ASSOCIATION
OF THE
IanJt Of DotGrrlac.
70 aH7ssom fS4 9rsn.s aR eoa7r, or il aay 1o.

70 az 7ssom fSsf 9rsnt. PAL eo7t, or in ay 1Uje
eerR
Belt KNOWN, And it is hereby proclaimed, that
we the fub(cri5srs aocating together have formed
company or Limited partnerip, and do mutually a.
gree with each ether, and hereby bind ourfelves to
conduct the buneis OF the company under the name
and ollie of" The PreGdent and Directors OF the Bank
OF Potomac and confo-nlably to the rules and reg-
Ia,ous herein after peced And by thefe our funda-
mental articles of atlociaton, do covenant ard a.
gree, with each other that & all perfons, who
ny time hereafter may trania6t bulinets with faid
company lha be bound and concluded.
ARTICLE ]. The copartncr!hip iha be, and con-
tiuue for the Of twenty Years from, and af
ter the opening Of hefubfcrpton, unles charter is
ioorer obtained; but the proprietors Of thirds of
the Capital Stock of the Company, may by their
curing votes general meeting, be called, for
Sat expre!s purpofe difi0lve the fame at any prior
rycriod Prs7;Ssd, That notice Of luch meeting and
il, obie fhsll be Fubihed in or more of the a.
lexardria ewpaperc FOR x months previous thereto
and the Predeat and Directors their frf meeting
after the election lii the lar year Of the aforeGad term
Or two t,irio OF thar body, fall concur in the opinion
that il viii be proper and exedient continue the CO.
partnsr.ip for furthe- limited term not exceeding
twenty one years they ial have power to decide on
the fame, and hall Immediately make known their de-
ciior by publication in the fevera Alexandria newt
papers Andthe PRECEDENT and Directors are hereby
authorized at any time 10 Apply lot, and accept lucn
charter as NAV be agreed upon with the concurrence
of rne members Of that body.
Art 9. The capital Gock OF the company fall con-
fit OF Five HUNDRED Ihoufud Dollars trorey Of tie
United States; 20 be divided into flares Of One Hun
tred Dollars each, and to be paid in the manner fol-
lowing that is to Gay twenty dollars on each flare
to DE paid at the time of fbfcribng, thirty dollars in
ninety days after the opening Of the lbfcrpton TWEEN
tv five dollars III one hundred and fifty days thereafter
ard the remaining twenty five dollars in hundred
and ten days and failure to make puneually any
svuent after the rit, ihail incur forfeiture of all
that hall have been previouny paid on fuch flare.
Are g. The copartnerfhiP hall tranfa6 its bufnefs
IN the Of Alexandra, in Virginia, within one
mile thsrefrom, Provdd, charter fhould any TINE
BE nbtqined from the State OF Virginia and fiall
commence its operations loon after the payment of
the recoud inhalment as circumstances will permit.
Art 4. The fubfcription ihall he opened in Aexan-
dria on Wednefday the fifth day OF September next
for the whole hoek Of the company under the d.
reaion of
EHJea .Taaney, Cpfjbsrt Po7uo2,
Wii,i@n Fasbgg6, H,2aam Raytg,,a-,
Tbozyag S7g1HA, Tbe7as TczprH,
CHARLIE Lee, JGse5 Hoffman,
Tor6b Ri4die, Jamss II. Hoo,
B1iHiam Hoayis-, Reliant forrg,
P1inraS JarHy, Jasvas Keith, Urn.
Tiwsf PafisS, .-..-......-.,--...-.
or majority of them. And the conrlIioners afore-
f,d fall open the fubfcript;or books at ten O'clock
a M ard they ihaii continue open until four O'clock
p M and iall remain open between thofe hours for
GRE day at lear, and for the of threedays unlefs
fooner filed And if it iould happen that more than
the ftipuated number Of hares ioud be fbcribed on
the fri day, then the ComTn;oners aforeiaid are TO
apportion them among the ibfcribers by deducting
from the higheit lub!crptions until they are reduced
go the proper number, more perfos fbcribe than
there are flares the conmiioners are to ca lots to
decide 60 whom they ihali belong. But no perion or
rcrons bodies corporate or Otherwe, hall be permit
red TO fnbicrbe on the rt day of opening the hooks
sor raore than twenty flares; and if the iYo:k be
not all taken tie frt day. the hooks fball remain oe
OF the fscond day on the fame terms as on the fra
but If the fubcriptnn he filed on the fecond day.
tneu the Connii0leis may permit any peror or per-
Con5 bodies corporate or otberwie, TO nbfcribe for
any number Of aares until the whole number is COM
plete. The Commifioners after having decided to
whom the mares may belong, will ue receipts to the
different Stoc'hoiders for tbs monies received ofthem
the time Of ubicribirg, which receipts with the orr
gNsi blcripticn, lhgil Be deemed good evidence of
tlie quantity OF Rock which each fdbcriber hai be
entitled in ths company.
~. E. The affairs Of the company mail je conducted
Nv twelve Directors and Preiid nt Whole place If
ch5len from among tcir number nall be f,plied bv
Ina. body arid FIX Of the directors with the prefdcnt
had for' board OF quorum, for tranfaGing ali the
b,fneis Of the company ordinary dfcourts may be
done by the PrsGd.ut and any Eve Of the DireEors.
IT. ear, Of his icSnefs neceHary abrence III, race
may be Eppcd by any DireSlor, whom he, By W-ri.
ting under his hand may nominate for that psrrofe
or n cafe Of his making fuch nomination. the ma
jority Of the boardmay appoint Prcfdept TO at de-
ring ms abience and the Directors who may he ap-
pointed a; tie ir elect VI, bali hold their flts m
Oil the fecond Monday in November one thoufird
e'2hi hundred and FIVE, aud the Dre2ors fro7n and
ser that period 4u be elected for ore year. by the
stockholders Tor the time bsiug, ard each director
hal ns s,ockbolder the time ofel,ct On, and Ia
eesie IN be Director, If hs fou,l ceafs 10 be
Socsholder, and no Diged4or u auy other
Bank iball az the fmctine be uireaor of dis Bark
and the number of woes 90 which each StocFho Ter
fall be entitled, hsu b. in proportion to the Rock
he may hold, as follows For hare ard no; eC-
seeding two flares role each Tor every two arss
above two and not exceeding ten, one vote for eve
n four mares above aud ccsctio fbirty, one