Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-12-01

which each ssockhoidef shall be emitted,
shah be ID proportion to the stock be may
hold as follows: For one shafe ana, no tex
ceedipg six shares, one vote each Tor eve
~ two shares over six and NOT exceeding
teen one vote each; forevcry three shares
over ten and nos exceeding sixteen, one,
,vosr caeh !, for every four shares over SIX.
teen and not exceeding forty, one vote
each /; aud for every ten shares over forty,
one vote each; and no s,ockholder shall
be permitted TO vote (excepr at the fret e.
lertion)w ho has not held bis tor twenty
days priorto .he election, and 10 all cleo.
tions after the first, the proxy shall be made
in such form as the Board Of Directors
shall appoint.
article 8. The affairs Of the said com.
pauy shall be carried 90 in the town OF a.
.lexsodria, under the superintendaoee aud
eonsro! of the said Directors, OF whom any
four shall form board or quorum, they
shall choose chairman from among them
selves, aud 10 case of vacancy by death, re-
sigua.ian or otherwise, such vacancy shall
be ion media,ely filed by themselves from
smoog the stockholders. And the said
Directors shall 10 no case whatever.
debsa or engagements, by bill, bcpd or O..
therwise, for, or 90 account OF the Compa'
ny, bu. .ha, all dealings under their super.
iotendarce and control aforesaid, shall be
for cash or barter, exceps goods 90 dePo-
sit, which may be sold by the direction of
the consiguor. The ss'd Directors shall
also exhibit at the annual meeting of stock
holders, for their inspection, a abatement
OF the affairs of the Company for the year
proceeding.
article 4th The Directors when elected
shall proceed without delay to appoint an
Agent and such other officers "a may be re-
ouisite, all of whom shall hold their Offices
during ths 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 duties, as prescrib-
ed by the Boa d of Directors.
article 5th. 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 havs an interest
In the property under the rules prescribed
by the Board of Directors, He shall be allow
Z ed yearly salary, and a certain rate per CEN
tum, in addition thereto, OF the nett profits
accruiag to the said Company, before the d.
videntls are declared, the amount OF both et
which to be fixed from time to time by the
Board of Directors.
.drticle 9Th. All receipts for goods depo-
sited for sale shall be signed by the Agent,
and the funds of the Company Shall III no
case be held responsible for any deposits CT
goods whatever unless SO signed.
.Article 7th. The shares of capital stock
at any time owned by any individual stock
holder shall be transferable on the books OF
the Company, according to such rules as may
agreeably TO law be established in that behali
by the Boardo Of Directors; and it is further
expressly agreed & declared, that any stock
holder who shall transfer in manner aforesaid
all his stock or shares to any other person OF
persons whatever, shall thereupon cease to be
member of this Company, and that any
person or persons whatever who shall accept
transfer of any stock or share in this Com
5pany shall thereupon become and be mem
Der OF this Company, according to these ar
tieles OF association.
Artiele sth 1t is hereby expressly and eX-
epiicltly declarelb by the persons who associate
under the name or firm of the ssDomcstic
Manufacture Company of Alexandria" that
the Joint stock or property of the said Com
Epany Exclusive of dividends to be made in
! the manner hereinafter mentioned) shall alone
be responsible for the debts and engagements
| Of the said Company, and that no person who
shall or may deal with this Company, or to
whom they shall or may become in any wise
! indebted, shall, on any pretence whatever,
haI:e recnilrse auainst the senerate pranertY