Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-11-29

reI1der tht company s said joint stock or pro
iperty liable thereby, and nosfuFther; and lh,
Company shall Immediately pay the amour
Iof, sui recovery out Of theii joint stock, bu
not otherwise :fAnd inesse Of any suit at law
lthe agent shall sign his appearance upon ths
writ, or Ele common bail thereto; ltfbens
Observation-Disclosures and declared, that al
persons dealing with said company, agree te
these terms and are bound thereby.
.lrticle 9th Dividends of the profits ct tn
Company, or so much thereof as shall ~
deemed sufficient and proper, shall be declar
ed by the Board of Directors l., the thire
week in January in each year, and Shall in ni
case exceed the amount of the nett profit.
actually acquired by the Company.
.Aaticle lOth. If the said Directors shall a
any time wilfully and knowingly make or de-
clare any dividend which shall impair the salt
capital stock, all the Directors present At th'
making or declaring OF said Dividend, and con
scnting thereto, sh;,l be liable in their indi
vidual capacities to the Company. Tor Tx
amount or proportions OF SAID capital stock 81
divided by the said Directors aad each Di
lcctor who shall be present at the making o
declaring such dividend, shall be deemed e
have consented thereto, unless he shall ente
in writing his dissent on the minutes or tho
proceedings of the Board, and give pubic
notice 20 the stockholders that such dividene
has been declared.
.4aiticie /. The Company shall not pur
chase or hold any lands, tenements or other
real estates.
Arttcle -. Any number Of stockholders
not less than forty, who. together, stall DS
proprietors Of four handrcd shares, may, to'
any purpose relative to tie instltutlon, at a
ny time apply to the Board Of Directors t.
call general meeting Of the stockholders
and, fby them refused, TIE SAID number O
stockholders, proprietors Of not less titan the
number of shares aforesaid, OF a majority Of
the directors, shall have power to cail ge'
neral meeting ofthe stockholders, giving a
least sixty days notice in the Alexandria a.t
Washington new papers, specifying III such
notice the object Or objects OF such call.
.4,acie Is This Association shall be anc
continue for the term ct ten years, from ail
after the first election Of directors, but may
be dissolved at any period prior thereto, on
continued for any length OF time thereafter
not exceeding twenty years provided, The
proprietors OF two thirds Of the capital stock
of the said Company, by thsir concufring
votes, give their assent thereto; but no dis
solution or extension shall take place unless
notice Of a meeting To consider such PROPOSE
ton. be published i'll the Alexandria and
Washington new spapers for six weeks pre-
vious thereto.
.4rticke a. Immediately on the dissolution
of this Association, prompt aud e!iectual
measures shall be taken 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 profits
which may remain, among tic stockholders,
in proportion to their respective interests.
Isrhcle Is. The books of subscription fer
shares in this institution, shall be. opened in
Alcxantilia, on the first day Of Decem-
Der next and shall remain open for the space
of one day, at least, under the direction OF
George DeneaLe, Hugh Smith, Joh4 Longdc7',
Joln I1lK1nney, and James Irsv:n, or a major
ity Of them, OF which public notice sna! be
given in the Alexandria ard Washington
newspapers In case the whole number OF
shares shall not be subscribed for Or that day,
the Commissioners, Or Board OF directors
shall have authority to open the books alter
wards ct their pleasure; but Il 1t should nap
pen that more than the stipulated number OF
shares should be subscribed tor, then the COM
missioners hereby appointed, are to apportion
them among the subscribers, by deducung
from the highest subscriptions until they are
reduced to the proper number. The COM
missioners will issue receipts to the difsrcn,
stockholders, which receipts with the orisi--
aM subscription shall be deemed good evil
dsnce Of the quantity OF stock to which each
subscriber shall be entitled IL this company.
November IL, eotlstDec
Public Sale.