Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-11-20

limits are thas fixed, below which the property
cannot be dilpoled Of, il is NOT meant that itist
be.as fold fat as thele rates can be obtained On
he contrary the Directors are at all times 70 cx-
tfcifc a found difcretion. for the bef %interets OF
che company and to keep in view the certainty
.ot rife in the value of the properly, from the In
creating population Of the city.
Art. 6. All money ariing rom the faes oflots, fhall
be invefed in the flock of the United states in the name
OF thee .nlpany; the intereft arillng from which,, as
well as all money ariGAg from ground rents, ihail aio
be iuvened in like aock, unriIthe Taft day Of Deceaher,
in.fhe year 1907, after which, all intereft ariGDg lron
flock, or fales of lots on time and al raonies airing
from, yrnnud rents, and sll other profits, efhail be divided
SEM annually on the I5th day OF January, and the 18th
day Of Tnty in each year among ali thc bare owners, 10
proportion To the iniercff ct each, whofe !hates exllted
by the continuance of the lives with which they were
made commentaries, or the frft day OF that year
Art. 2. The dividends fhall be paid ar the cfice of the
company in Wsfhiagton, to the osners OF the flares iii
pcrfon, to their power OF attorney, Or co their written
order but before any dividend lh2ll be paid, fatisaGioa
muft be afforded to the directors, Tor thc time being, that
the per(nn, on Wha(e lives the flares IN queitlon depend,
was living on the hrt day of January in that year
Art. 8. In cafes were the dividends claimed not Tor arc
fix mouths aSe the fame mall become due, and there is
reaicn TO doubt whether the perton on whole life the
fhares depend ON which iuch dividends ariie, continues 70
fnryiye, the Directors IN II invef fuch dividends in flock
Of the United States, as If the fame belonged to the eapl-
tai CT the company: bat if the fame fsll thereafter bs
rightfully CLAIMED, payment fhall nc made therefor, out
of any funds OF the company, not Unveiled in itoek.
Art. Q. The Ihsre, fhali be transferable, and all trans-
fers hall be made on the books Of the company, by the
owners in perton, or BY power OF attorney, according 20
the form uf5t for transferring hbck of the United States.
But in cafes where certificates have been iiined by the
directors to the owner OF the fhares, fuch certificate mutt
be returned, ard esacellef, before a transfer OF the mares
expreflrd therein thail be made.
Art. 40. Every record of a transfer of flares; and
every certificate ifIued for ihares HAL detlgnRte thc lives
on which fuch flares depend,
Asrt. III. No change can DC made of the perfon orpsr
ION ON whoie life or lives the flares ihati depend he
life frt nominated mutt forever remain, the lie sn when
the exinence of the flare fhall depend.
Ar. II. The Directors ihall eauie proper books to be
kept of all their prottedings, acceifbi4 at ali times TO the
hackholders; and fh I'll particularly caufe 10 be carefully
recorded, the nomination OF the lives or which the flares
depend-and alfo the deaths OF inch perlcns when the
fame haItbe clearly afcertaired and may transfer from
time To time, the active duties of their truf, e ore OF
their own body, or 20 any other agent and may make
to fnch agent, a reafcnabtt compensation Tor has iervices,
but the Directors themietyes fhail receive no %c"mpenia-
ton, unlefs it be in the cafe of director who may DC the
agent as atoreiaid.2
Art. Il. On the Gra Monday in January in the year
1895, the Wilmington + uhfine ComPany ihaii be ditoiv-
ed and the whole flock Of he COMPANY in whatever
consisting, lhalI thcreupon be divided anlongfts ali the OWL
crs Of the then exnflng tlares, and IN proportion 70 ths
nunlber he'd by each.
NE the subscribers approving q tie Plan
of the Washington Iiontine, and agreeing
10 each and to the 1vhole Of the preceding
articles, do each Of us agrees to decome mem-
5ers thereof for The number Of shares an
nexed to our Respective names.
October Is. I.w6t