Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-10-25

limits are thus axed, below which the property
cannot be idfpofed.of, it is not meant that II is 70
he as fold faa as the(e ,atcs can De obtained : On
the contrary the Directors are at all times TO ex-
erci(e , found d~ifcretion for the bet intereas Of
the company ; anG to keep in view the certainty
| OF rife in the value Of the property, from the in.
creating population Of the 'city.
Arr. 6. All money ariGng from the fales OF Iots, fiall
be inveHed in the hock Of the United States in the name
Of the company; the intereff arifing from which, as
' > as allmoney arilng from ground rents HAL ALTO
be iuvcaed in like flock, until the laG day Of December,
in the year 1907, after which, all intereIt arihng from
Rock, or iales ;of lots on time and all monies ariing
from, rronud rents, and all other profits, ihall be divided
scml ANNUALLY or the 18TH day of January. and the 18th
day CT July in each year among ali the flare owners, IN
proportion to the in,crea of each, whole flares exlaed
BIZ the continuance OF the lives with which they were
made COMMENSURATE, on the frtt day. OF chat year.
Art. 7. The, dividends hall bs paid II The Office of the
company in Wilmington, to the owners Of the flares III
perfon, to their power OF attorney, or TO their written
order; but before any dividend lhall be paid, fatistaaion
mutt be afforded TO the directors, for the time being, that
the perion, on whole lives the hares in que0ion dcpends
was lying en-. the frt day Of January in that year
AIT. s. In cafes were the dividends arc not claimed far
fix months after the fame fhall become due, and there ts
reafon to. doubt whether the perfon on whole lite the
flares depend on which {uch dividends ariie, continues to
lurVfVc, the DNcCIOTS III III iNVCl luCn utNluCIOs III
of the United States, as il the fame belonged 20 the eapl-
tai Of the company: but if the fame nall thereafter be
righ,fully claimed, payment 1hall BIG made therefor. out
of any funds of the company, not ;nveaedin loek.
Art. 9. Tie fhafcs fhall be transferable, aud all trans
fefs fhall be made on the books Of tho company, by the
owners in perion, or by power of attorney, according 70
the forms uled for transferring Rock of the United states.
But in cafes where certificates have been iGued by the
direct ars TO the owner of the ihares, fuch certificate mutt
be returned, and cancelled, before a transfer OF the haret
exprcilsd therein thal be made. ~
Art. 10 Evry record of 1 transfer of flares; and
every certificate i1ued for flares ihall deiignate the lives
on which lueh. ihares depend.
Asrt. II. No change can be made Of the perfon orpes
fon on whole life or lives the flares fh4tl depend. The
life fri nominated mutt forever remain, the life on which
the %eYiftence Of the flare ihall depend.
SArt. IL. The Directors fhall caute proper books to DC
kept of all their proceedings, accelibie at all times 70 the
Rockhoders; and "a Ill particularly caufs to be carefully
recorded, the nomination Of the lives on which the harss
dependant alto the deaths OF fuch perfons when the
fame fhaIl be clearly aicertaiped and may transfer from
time 10 time, the active duties OF their tfuf, 70 ono OF
their own body, or TO any other agent and may make
TO luch agent, a r~eafonah!e compensation for hi, lerviees,
but the Directors the alfelyes hall receive no eomPenia-
ton. unlefs it be in the cafe of a director who may be the
agent as atoreiald.
Art. II. On the erh Monday in January in the year
1895, the Wilmington Ton,ine Company lnall be diff Nv
CD; and the whole flock of the company in whatever
consisting, ihali thcrenpon be divided amongtt all the WIZ
ers ofthe then exiting flares, and in proportion to the
number he'd by each.
NE the Subscribers approving If the plan
of tie Wcshington Tonhne, and agreeing
to each and to the whole Of. the preceding
articles, do each Of US agree to become mem:
6ers MereoG for the number gf shares an
nsxsd to CTR respective NAMES.
Oc.ober18. laws Il