Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-11-17

"a defendant, so that persons having demands
upon the Company may not be prejudlsed OF
! delayed by that event, or if the person suing
! shall go on against the Pc son first named a,
]. defendant wilhstand,a5 his death Or re.
1aoyal from .ot4ics1 Ills Company shall take
no advantage by writ Of. erroror otherwise,
/, of sucheproceeding, on that account; AMI all
recovery had, sin manner aforesaid, shall be
conclusive upon the company, SO FIR as to
! renderths company's said joint stock or pro
perty liable thereby, and no further; and the
| Company shall Immediately pay the amount
of such recovery out OF their joint stock, bat
not otherwise Andincase CT any suit at law,
| the agent Shall sign his appearances upon the
writ, OF file.common bail thereto; It 5slns,
expressly understood and declared, that all
persons dealing with said company, agree to
Ithese terms and are bound thereby
..Articie 9Th. Dividends Of the prof $ of the
Company, or 80 much thereof as shall be
deemed sufficient and proper, shall be declar-
ed by the Bo:rd of Directors ii the third
week in January in each year, and shall limo
case exceed the amount of the nett proGss
actually acquired by the Company.
s. .Arhcle 10TH. N'thc said directors shall at
any time wilfu!Iy and knowingly make or de-
clare. any dividend which shall impair the said
capital stock, al. the Directors present 1t the
making or declaring of said dividend, and con-
senting thereto, shall be liable in their indi.
vidual capacities to the Company, for the
amount or proportion Of said CAPITAL stock so
divided by the said Directors; and each Di
bo hal MAXI (r
declaring such dividend, shall be deemed 10
have consented thereto, unless he Shall enter
in writing his dissent on the minutes OF the
proceedings of the Board, and give public
notice 20 the stockholders that such dividend
has been declared.
.drncle / The Company shall not pur-
chase or hold any lands, tcnements or other
reh estates.
.art,ete 70. Any number of stockho ders,
not less than forty, who, together, Shall be
proprietors of four hundred shares, may, tor
any purpose relative to the institution, at q
ny time apply to the Board Of Directors to
call 4 general meeting of the stockholders (;
and, if by them refused, the said number of
stockholders, propr!etors Of not less than the
NUMBER of shares aforesaid or M oriy of
the directors, shall have power to call a ge-
neral meeting of the stockholders, giving at
least sixty days notice in the Alexandra a2d
Washington new .papers, specifying in such
notice the object or objects Of such call.
.frhcle ID. This AS ecation shall be and
continue for the term OF ten years, from and
after the first election of directors, but may
be dissolved at any period prior thereto, or
continued for any length of time thereafter
not exceeding twenty years provided, the
proprie:ors of two-tfiris Of the capital stock
of the said Company, By thsir concurriig
votes, give their assent thereto but no dis
solution or extension shall take place unless
notice of q meeting TO consider such proposi-
Washington new spapers for six weeks pre-
vlous thereto.
I .drtiele H. Immediately on the Dissolution
OF this Association, prompt and eHectual
measures shall betaken by the directors then
existing, for converting into cash the stock
on hand closing all the concerns of the Com
pany, and tor dividing the capital and profits
which may remain, among the stakeholder,
in proportion to their respective interests.
.drfic1e Is. The books OF subscription tor
shares in this institution. shall be opened in
Alexandria, on the first day of Deem
Der next and shall remain open for tie space
of one day, at least, under the direction of
George Denealc, Hugh Smith, Tim Lonyden,
.JoAn AIKiuney, and James IRWIN, or a niajor-
ity of them, of which public notice shall be
given in the Alexandria and Washington
newspapers In case the whole number OF
shares shall not be subscribed for on that day,
the Commissioners, Or Board of Directors
shall have authority to open the books after
wards ct their pleasure; but lift should hap
pen that more than the stipulated number of
shares should be subscribed for, then the coal-
missioners hereby appointed, are to apport'on
them among the subscribers, by deducting
from the highest subscriptions until they are
reduced to the proper number The com