Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-11-20

which each stockhoider shall be entitled,
shall be 10 proportion 10 the stock hemay
hold as follows: For one sharc and nopex.
.cecdiog six shares, enc vote each ;for eve
ry two shares over six and not exceeding
ten, one vote each for every three shares
over len and not exceeding sixteen, one
vote each; for every four shares over SIX.
teen aud not exceeding forty, one vote
each and for every ten shares over forty,
one vote each and no sscckaolder shall
be permitted to vote (except at the flrst G
lecsioa) who hasnos held hisstcek Tor twenty
DAYS prior 10 the election, add 10 all cleo
tons AFTER the first, the proxy shall be made
ia such form as the Board OF Directors
shall appoint.
article 8. The affairs Of the said com
paoy shall! be carried Oh in the town OF a
lsxaudria, under the superiuiendance and
control of the said Directors, OF whom any
four shall form board or guotum, they
shall choose Chairman from among shem.
selves, and ia case OF vacancy by death, re-
sigua,iou or otherwise, such vacancy shalt
be Immediately filled by themselves from
among the stockholders. And ,ha SAID
Directorsshall 10 60 case whatever, contract
debts or eugagrmeo.s,by bill, bond or o.
therwise, for, or on account Of the Compa'
ny, bat thar all dealings under their super
attendance aud control aforesaid, shali be
for cash or barter, except goods on dePo-
sit, which may be sold by the direction eli
the consigaor. The said Directors shaii
also exhibit at the ANNUAL nesting OF stocs-.
holders, for their inspection, a asatemeas
OF the affairs of the Company for the ysss
proceeding.
article 4M. The Directors when elected
shall proceed without delay to appoint ali
Agent and such other officers as may be re-
ouisite, all of whom shall hold their Offices
during the pleasure of the Board, and who
shall, before they enter upon their functions,
give bond with sufficient security to the SAID
Directors and their successors in Office tor the
faithful discharge of their dnties, as prescrlb-
ed by the Boasd of Directors.
article 5M. 1t shall be the duty OF the
Agent, when so appointed, to have the charge
of the cash, goods, deposits, books and papers
Of, the Company, to make purchases, receive
deposits, make advances Of money, or ex-
change goods for deposits, make sales thereof,
and to effect insurance on goods transported
by sea, where the Company have an interest
in the property under the rules prescribed
by the Board of Directors. He shall be alloy.
ed yearly salary, and a certain rate per cen
tum, in addition thereto, of the nett profits
accwing to The said Company, before the di-
,yidends are declared, the amount CT both OF
which to be fixed from time to time by tbs
Board of Directors.
.frt;cle 9Th. All receipts for goods depo-
sited for sale shall be signed by the Agent,
and the furds of the Company shatl III no
case be he.ls responsible for my deposits Of
goods whatever unless SO signed.
.article It'll. The shares Of capital stock
at any time owned by any individual stock
hol der shall be transferable on the books OF
the Company, accordin;, to such rules as may
agreeahly TO law be established in that bsha!t
by the Board Of Directors; and 1t Us further
expressly agreed & declared, that any stock
holder who shall transfer in manner aforesaid
all bis stock or shares to any other person Or
persons whatever, shall thereupon cease 10 BE-
Il member Of this Company, and that any
person or persons whatever who shall accept
transfer of any stock or share in this Com
pany shall thereupon become and be mem
Der Of this Company, according to these ar,
ticles of association. (
Article eth It's hereby expressly and ex-
plcitly declsredb by the persons who associate
under the name or firm of the " Domestic
Manufacture Company of Alexandria" that
the Joint stock or property of the said Com
pany (exclusiyc of dividends to be made in
the manner hereinafter mentionedj shall alone
be responsible for tie debts aad engagements
OF the said Company, aud that no person who
shall or may deal with this Company, or to
whom they shall or may becomesin any wise