Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-02-10

shall have, enjoy and receive the share or
shares respectively, obtained IN colse-
anence thereof; and all the interest and e.
Tnoluments thence arising, as freely, faiiy
and absolutely, as if they had respectively
paid the consideration thereof; any sucn
bargains, contracts, promlss or engage
ments to the contrary notwithstanding.
Provided hoaueper, That no subscription
shall be received in Richmond, during the
ten first DAYS appointed tor receiving Tue
same. except IN the name ofsome person or
persons residing in the said city or IN some
part of the state, other than the cities ana
towns herein before mentioned, as places
for opening subscriptions and SO with re-
snect to Norfolk, Petersburgh, Frederlcks-
burg Winchester, Stanton and Lynch
burgh: thereby rendering the inhabitants
of all the said towns, unable tor the ffst
fen days to subscribe in any town, except
| that an which they may reside, or TO nave
subscriptions made in their OWL names or
for theirnse.
| Sec. s. and be IL further enacted, That
the subscribers to the said bank, their sue
| cessors and assigns, shall be and are mere
bv created. and made corporation and
| BODY polite in law and in fact, by the name
! and styleof 6 The President, Directors -
| combany of the Bank Of Virginia, and
shalI so continue until the first day OF May,
one thousand eight hundred and eighteen,
I! and no longerl and by the name and style
aforesaid, they shall be, and are hereby
| made able and capable in law, to have, Pur-
] chase, receive, possess, ENJOY and retain, TO
/ themselves, and thers successors, lands,
rents, tenements, Entertainments, goods,
i chattels and effects, to an amount not ex-
ceeding in the whole three millions dlve
| hundred thousand dollars, including the. a.
/ mount of the capital stock aforesaid; and
the same to sell, grant, demise, alien or dis
nose of; to sue and be sued, inplead and
| be implicated, answer and be answered, de-
fend and be defended, in courts OF record,
or any other place whatsoever; and also to
make, have and use common seal, andthe
same to break, alter, and renew at their
pleasure; and also to ordaln, establish and
putin execution such bye laws, ordinances
i and regulations, as shall seem necessary
and convenient for the government OF the
said corporation; not being contrary to
| the laws of this state, or Of the United
/ States; and for the making whereof, &c
neral meetings ofthe stockholders may be
4 ar lrrttf strrfSr srIu sTrtTa1Ty To CO and
execute all acts, matters and things, which
/ a corporation or body polite, in law, may
or can lawfully do and execute, subject to
the rules, regulations, restrictions, linlitati-
ons and provisions herein after prescribed
and declared
| Sect. 4. Ind Be 1t further enacted, That
it shall be lawful for any person, copartner-
ships or body polite, in person or by at
torncy, to subscribe for share or any num-
Der Of shares not exceeding thirty, in any
| one day, except in the-case before provided
| for; and except also, as shall be herein af-
| terdirected relatively to the commonwealth
| of Virginia; but In case the amount Of the
subscriptions at any of the places before
! mentioned shall exceed the Humber Of
1 shares there allowed to be subscribed, the
/ excess Il. rs created, shall besreduced with
I In the number of shares authorised to be
subscribed at sush places respectively, IN
! manner following, that is to say from the
subscription and subscriptions highest in
amount, the proper commissioners shall
subtract a share or shares, until the same
shall be made equal to the subscription or
subscriptions next IN amount; and as often
as the case shall require, they shallso pro-
coed to subtract share or shares from the
subscription or subscriptions remaining
from time to time, highest in amount I'M
til the aggregate of all the subscriptions be
reduced to the number of shares authoris-
ed to be subscribed at the places before
mentioned, respectively, and if by and af-
ter the operation of such subtraction (as
tts.rl as sha 81. raecessaril, 1nade