The enquirer. [volume] (Richmond, Va.) 1804-1815, 1808-06-21

+ Petersburg, under the direction of James
Campbell, Ebenczar Stott and John Shore
I'm
Fredericksburg, under the direction of
Hugh Mercer, Robert Patton and George
French--In.
/. Witliams6urg, under the direction of
James Madison, Robert Greenhow & James
Semple--In
Lgneh6u,g, under the direction of Samu-
ell Harrison, William Norvell, and Thomas
Higginbctham-In
Sfounton, under the direction Of AleXan-
der St. Clair, Peter Heiskell, and John Coal
tern
Lexington, under the direction of Will
am Caruthers, John Leyburne, and Thomas
Preston-In
FfncaStte, under the direction of Mathew
Harvey, James Breckenridge, and Henry
Boyer-In
Charlottesville, under the direction of Dab
ney Carr, John Kelly, and Alexander Gar
rett--In
Sevcns6urg, under the direction of John
Strobe, Gabriel Gray, and Joshua Woodrow
I'm
Winchester, under the direction of Hugh
Holmes, Daniel Lee, anG Henry ST.. G. Tuck
Grand In
abingdon, under the direction of Will
am King, Robert Craig, senr. and Francis
Preston.
That the commissioners aforesaid, shall
open the subscription Books at o o'clock A
NJ. and they shall continue open until
O'Clock r. M. and shall remain open between
those hours for thirty days then the commits
sioners in the aforesaid places (Richmcnd
excepted) are to close the Books and trans
init them, together with the money they may
have received at the time of subscribing,
unto the commissioners in the city of Rich
mond, within thirty days thereafter should
it so happen that more than the stipulated
number of shares should be subscribed, tn en-
the commissioners at Richmo I'd, are to APP
portion them among the subscribers, by de-
Quoting from the highest subsc riptions I'M
TIL they are reduced to a proper number, or
1T more persons subscribe than there are
shares, then the said commissioners are to
cast lots to decide to whom they shall belong,
which being ascertaned, they shall issue re-
ceipts to the different stockholders, and their
receipts with the original subscription shall
be deemed coed evidence, of the number of
shares or amount of stock, to which each
subscriber shall be entitled in this Compa-
NY
1t the shares shall not be all subscribed
Tor when the Books are returned to the com
missioners in Richmond, these commissioners
may permit any person or persons, bodies
corporate or otherwise. to subscribe for anv
number OF shares, until the whole number is
complete, or the company. agents appoin-
ted by them, shall otherwise direct.
ARTICLE III.
The commissioners in Richmond shall
forthwith deposit in the Bank of Virginia,
subject to the order ofthe President and Di-
rectors when chosen, all the money SO re-
ceived, after deducting the expeRces neces-
sariiy attendant on the subscription and the
previous meeting.
ARTICLE ~.
Ii any stakeholder or stockholders shall
fail to pay his, her, or their instalments to
the amount OF fifteen dollars on each share
at the time, or times, and in manner herein
specified, such stockholdcr sh all forfeit to the
use OF the company, all money paid antece-
dent to such failure or default, but no forfeit
ture shall take place after the third reoujsi-
ton, or fifteen dollars on each share. Shall
have been paid /; but as it is requisite that
means should be taken to secure the regular
payment of after calls, if any stockho,dcr
shall fail to make regular payment of any
instalment or call, after fifteen dollars have
been paid, such stakeholder shall not be en-
titled to any dividend, until such instalmept
or call shall be made good: and the dividend
thereafter to be paid to such stockholder,
as well upon the money by him regularly
pald, as upon the money paid after default,
shall be calculated only from the time when
the last instalment was made good.
ARTICLE v.
This association shall take effect and be
binding on the parties as soon as seventy-fve
thousand dollars shall Re subscribed for
the commissioners at Richmond having as
certained this fact. shall call meeting of
the subscribers to be held ir; the capitol at
some early and convenient day, giving due
notice thereof, in the public prints or other
wise.
That majority Of subscribers being RE
sent or of shares being duly Representa- by
proxy appointed under hand and seal and at
tested by one witness at the least, shall COR
stltute meeting-but ffty shares being pre-
sent as aforesaid, may adjourn from dav to
DAY for ten days to obtain a meeting of the
company, to wit majority OF the subscri-
oers, or OF shares represented as aforesaid
ihat general meeting thus convened
shall nave power to make such rules and re-
SniatIons for the direction and government
OF the President and Directors, as to them
Sha'l seem proper, and to alter or amend
the same at their pleasure.
n general meeting of the stock hoIders.
forthe purpose aforesaid shall be held apnu
any on the second Monday in January, 1T
such place IN or near the city Of Richmond
rs the President and Directors for the time
snail appoint; q the said first general meet
ing and ar every annual general meeting to