Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-11-13

limits are thHs fixed, below which the property
csnHos be dipofed Of il is not meant that it isto
be as Id taft as thefe rates can be obtained O.
he contrary the Directors are at all times 10 ex
rrcife found diicretion for the beR intereRs Of
che company and to keep in view the certainty
OF n. in the value of the property, from the in.
creating population Of the city.
Art. O. Atnioney arfing from the fales of lots fla
be lnveed intsc tock Of the United States in the name
OF the company; the nterel ariling from which, as
well as amoney arifng from ground rents ihJl ALTO
be uveted in ike tpck, until the a day of December
IL th- yearI97, after which all intereh ariny from
teck, or i4es OF lots time and all monies asing
from sronad rents, aud al Other profits, ha be divided
sem an1uay on the 5h dry of January and the 18th
day OF july III each year amoug ali ne tharc owners
prnportioneo the iaere Of each yphoe flares exifted
by the coStinaaace Of the Ives with which they were
made concentrate, the firm day of that year
Art T. fhe dividends fhal be paid az the ofcG Of the
company IN Wafhington,o the owners of the ihares in
pron to their power of attorney, 70 their written
order bu, before any dividend hall be paid atisfaion
mutt be afforded 70 the directors for the time heBg that
the peifn, VII e lives the ares in queitio depead
was iiving OIL the 6ra day of January in that year
Art. In cafes the dividends are not claimed for
tx months aier the fame ha become due and there is
resfcn TO doubt whether the pcrtou on whofe lite the
fharc depend on which iuc dividends are continues to
fnrvive, the Directors In II vcf och dividends in ok
OF the uoited States as the fame belonged Il the capt.
tai OF the company but the fse faA thereafter be
righully GAINED, Payment ID all he made therefore,
OF any funds Of the company, not invsecd 10 fcck
Art The harcs ihsl DC Transferable and all trans.
fer' HAIL DC made on the books If the company BY hc
owners III peron, or by power o attorney according 70
the form uied for transferring flock of 1he United htstcs
but III cafes where certificates have heeu ued by the
directors 10 the owner OF the harcs frch certificate mutt
raD hofr
exprcilcd therein iha:l be made
Art 10 EyyrY record of transfer of flares; and
every certificate ducd for flares al deGgnae the lives
Oh which frcb flares depend
Asrt H. No change be made of the perion per
fnn wh1,e life or lives the ares i4il depcnd be
life r nominated mul forever remain the life on whel
the exlhcnee of the thare fhalI depend
Art "a The Directors fall caufc proper books TO Is
kept o. ali their proceedings acceEible al times 10 the
stockholders; and ihil particularly caufe TO e carefully
recorded the nomination Of the lives OH which the afes
depend-ani afo the deaths OF ich perions when thr
fame ihl DC clearly acetaiued and may trahGfer from
time to time the active duties Of thcir trut to one of
'hcir own body or 70 any other agent and may make
uch agent fcaionabe compensation for his fsvices
but the Directors thenfe!vcs a receive no compenla-
ton. une it be in the cafe of director who may be the
agent atore!aid
1875, the Wellington rontinc onapany 4il be dolv-
CO and the whole flock of he company in whatever
nsiang fhalI thereupon be divided aongR all the own
q the then e1iting hare and in proportion to the
nup.-e he d by each.
We the subscribers approving IF the Plan
Of the Washington 7ontine, and agreeing
to each and to the zohsle of the preceding
articles, do each Of US agree to become mem.
6ers Mereef far tie number Of shares an
nertd to our RESPECTIVE names.
Oerober Is lays,