Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-10-10

SO PANY zuithin the tot0'1e 81 sAIessoi1@izu, -
be dcnonsinatea ' ..esa
The Linen Importing Company
Of Alexandra.
.zrs. 1.-The declared and principal object
al this assoc iatton, is to introduce Tor Sale
bythe bale or package to the town OF Alex
andria,trom different parts of Europe' Linens
of different descriptions, and particularly o0'-
man and Irish Linens
.drt 2.--The Capital Stock OF the ComPa-
nv shall consist of one hundred ana JVS9 '"o"-
sand dollars, to be divided into three tnousanu
shares Of Etsy dollars each, and to be yaoie
Sin the following manner, viz. two dollars 70
be oaid at the time Of acknowledgements oi-
lars when called for by the directors sixteen
dollass In not less than six months thereal.ei'
and the remaining sixteen dollars IN not 1852
than SIX months from the date of the preceea-
ing payment ,.,o.o. sc
,frt. s.-As soon as one thousand shares OF
the said Capital Stock shall have been SUP
scribed for, meeting of the Stockholtdefs
shall be called by public notice IN the Alex an
,,,ia Newsnaner. 10 meet in the said town at
the Cont House, either in person, or by at
torncy duly authorised: At when iiieeuns
the Stockholders, either personally VI 'hio :
their attorneys. shall elect by ballot SIX o,
their own body TO act as Directors OF INC saia
COMPANY for one year. At such meeth5
each subscriber shall be entitled to as many
votes As he may hold shares. Similar eieC-
tions shalltake place annually onthe same DAY
or on the ,!ay following in case OF It's being
Sunday during the existence OF this assocla-
t;on.. But no stakeholder shall vote at any
election, upon stock, upon which tnele Stall
be due and unpaid any arreara5es OF the pay
ments called for.
III. 4.-The Directors when so appointed
shall proceed without delay, to choose from
their own body or the last Of stockholders, a
President who shall in the manner hereby
declared, conduct the affairs OF the Company
for one wear and " no shall be allowed iof MS
services, out of the funds ottae saldIomPahy,
salary 70 be fixed by the said DlreSlofs pie-
vious to his election, and to commence upon
fine arrival OF the first Coos that may be I'M
norted, or sooner if the Directors shall so oe-
eide tIncas. of vacancy in the direction at any
time BY death, resignation, OF otherwise SUN
vacancy shall Immediately be filled ny the
board OF President and Directors; and IN the
same msni.er shall be filled any vacancy "nlch
nav arise in consequence ofthe death or re-
,eianstiau of the Pres The boardoi fres't 9
directors shall frona TIME tolme choose such
cIerls& other servants of theC ompany,as they
NAV fhiok necessary, and make reasonable
allowance TO the same for their services.
.lrt. S The board OF President ana Dafec-
tors shall have power TO appropriate the lunus
OF the Company in such manner as tncy may
think proper, and generally to do and perform
ali lawful acts, not Inconsistent with Inc luh-
sannentai articles Of this association. But, they
Iisatts. no time have contracted lnthe Compa-
nv's.aan,e, for1he paymen, of monies, exceed
mo in amount the actual capital called IN, uh
lesss # he BY a particular order, sanctioned by
a.. ,,ros;t,cnt and two thirds Of the Directors,
or hv the whole nunber OF Directors, MOI
.baII me President aud Directors have autho-
rity to contract debts In the name OF the
COMPANY. soas TO owe at any time a greater
sur. Than $4,000, exclusive OF their duty
bonds and premiums OF insurance.
~ ga President and three directors
sbalY con st;tute a board for the TRANSACTION OF
otd;nary business, but a concurrence OF tour
Directors with the President, shall be necessa-
ny 10 the appropriation OF monies IN !ae mrs. ,irst
Instance For the purchase OF Goods or Produce
of any kind The President shall have power
underline control Of the board, to TRANSACT all
the bushes of the, Company IN relation 10 tae
management and sale Of Goods and receipt
or recovery Of monies due. -.
.,4rt. 1.-The board of president ana Di-
rectors shall from time 10 time declare a IL
yidend of so much of the profits OF the busl-
ness as they shall deerh ADVISABLE. "A state
meat ofthe affairs of the Company shall once
in each year, at least, at a period to be hxed
inv the President and Directors, be submitted
to the inspection of the Stockholders. No
question sh III be Ggitated at the board touching