Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-11-24

pcrtY liable thereby, and no further; and the
Company shall Immediately pay the amount
CT such recovery out of their Joint stock, but
not otherwise: And in case Of any suit at law,
the agent shall sign his appearance upon the
writ, or file common bail thereto it being
and declared, that all
persons dealing with said company, agree to
these terms and are bound thereby
Article 9Th. Dividends of the prohssot the
Company, or so much thereof as shall be
deemed sufficient and proper, shall be declar-
ed by the Board of Directors iii the third
week in January in each year, and shall in no
case exceed the amount of the nett profits
actually acquired by the Company.
.Art,cle loth. IF the said Directors shall at
any time wilfuIIy and knowingly make or de-
clare any dividend which shall impair the said
c. pital stock, all 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 Dl-
rector Who shall be present at the making or
declaring such dividend, shall be deemed to
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.
Article H. The Company Shall not pur-
chase or hold any lands, tenements or other
real estates.
.frtzcle IL. Any number of stockholders,
not less than forty, who, together, shall be
proprietors of four hundred shares, may, tor
any purpose relative to 1se institution, at a.
ny time apply to the Board of Directors to
call a general mcetiag of the stockholders
and, if by them refused, the said number OF
stockholders, proprietcrs of not less than the
number of shares aforesaid, or majority OF
the directors, shall have power to call &C.
neral meeting OF the stockholders, glvisg at
least sixty days notice in the Alcxandrlaand
Washington newspapers, specifying in such
motto the object or objects ofsuch call.
Aracle 10. This Association 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
proprietors Of two-thirt!s OF the capital stock
.of the said Company, by thsir concurring
votes, give their assent thereto; but no dis
solution or extension shall take place unless
notice of meeting TO consider such PROPOSE
ton, be published in the Alexandra and
Washington new spapers for, SIX weeks pre-
vious thereto.
Artitle IA. Immediately on the dissolution
of this Association, prompt and ehcctual
measures shall be takea by the directors then
existing, for converting into cash the stock
on hand, closing all the concerns OF the Com
pany, and for dividing the capital and prohts
which may remain, among the stockholders,
in proportion to their respective interests.
.irticle Is. The books Of subscription for
shares in this institution, snail be opened III
Alexandria, on the first day OF Deem
Der next and Shall remain opsn for the space
of one day, at least, u,der the direction OF
George Denecie, High Smith, J@ha I,0nyaen,
John AIKInney, and James l'sgc'n, or a niaj or
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 liter
wards at their pleasure; but iiit should hap
pen that more than the stipulated number oil
shares should be subscribed for, then the COM
missioners hereby appointed, are to apport;on
them among the subscribers, by aeducuns
from the highest subscriptions until they arc
reduced to the proper number. The com.
missioners will issue receipts to the different
stockholders, which receipts with the origi-
nal subscription shall be deemed good cvi-
.dcncc of the quantity Of stock to whicil each
subscriber shall be entitedin this company.
November II. cot lstDec
TAKE NOTICE.
THE subscriber respectfully informs the