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

renderthe compary's said ioins stock or pro
perty liable thereby, and no further; and the
Company shall imme dlately pay the amount
of such recovery out of their JOINT stock, but
mot otherwise: And in case of any suit at law,
the agent Shall sign his appearance. upon the
writ, or fie common bail thereto; it being
expressIysunderstood and declared, that AL
persons dealing with said company, agree to
these terms and ale bound thereby
article 9Th. Dividends OF the profits OF the
Company, or so nlueh thereof as shall be
deemed sufficient and proper, shall be declar-
ed by the Board of Directors IL the third
week in January in each year, and shailin no
case exceed the amount of the nett profits
actually acquircdby the Company.
.Art,cle loth. If the sad directors shall at
any time wilfuIy and knowingly make or de-
clare say dividend which shailimpair the said
capital stock, all the Directors present 1t the
making or declaring'of said dividend, and con-
scnting thereto, shall be Liable in their indl.
viduaI capacities to the Company. Tor the
amount or proportion Of said capital stock SO
divided by the said Directors; and each Di.
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.
.d,ticle IL The Company shall rot pur
chase or hold any lands, tenements or Other
real estates.
.Artseie H. Any number of stockholders
not less than forty, who. together, she'll be
proprietors Of four hundred shares, may, Tor
any purpose relative to the institution, at a,
ny tine apply to the Eoard OF Directors to
call general meeting OF tho stockholders
and, if by them refused, the said number OF
stockholders, propcictors of not less than the
number of shares atoresaid, or maIori y Of
the directors, shall have power to call ge-
neral meeting OF the stockholders. giving at
least sixty days notice in the Alexandria and
Washington new spapers, specifying III such
Notice the object or objects OF such call.
.arficle 3. This Association shall bc-an;.
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
proprie.ors Of two.thirds Of the capita! stock
of the said Company, by their concurring
votes, give their assent thereto but no dis
solution or extension shall taks place unless
notice OF meeting 10 consider SUCH pcoposi-
ton, be published in the Alexandria aud
Washington new spapers for six weeks pre-
ylcus thereto.
.atlele Il. Immediately on the dissolution
Of this Association, prompt and eaectuaI
measures shall be taken by The directors then
existing, Tor converting into Cash the stock
Oh hand, closing ali the concerns Of the Com
pany, and for dividing The capital and profits
whlch may remain, among the Stockholders,
in proportion TO their respective interests.
.irticle Is. The BOOKS OF subscri piion for
shares in this institution, shall be opened in
Alexandra, On the first day Of Deem
Der next and shall remain open for the space
Of one day, at least, uader the direction OF
George Deneale. IzQssh Saith, Jain Longden,
John IL Kinney, ana James Irvt7i, or nia ;or-
ity O! them, OF which public notice shall be
given in tine Alexandria and washington
newspapers liz case the whole numksr o.
shares snail not be subscribed Tor on that day,
the Commissioners, or Board OF Directors
shall have authority to open tie books after
wards at their pleasure out fit should hap
pen that more than the stipulated number OF
shares should be subscribed for, then the COM
nissioners hereby appointed, are TO apport,on
them among the subscribers, by deducting
from the highest subscriptions until they
reduced to the proper number. The COM
rnissioners will issue receiprsto the different
stockholders, which receipts with the origi-
nal subscription shall be deemed good evil
dence of the quantity Of stock to which each
subscriber shall,be entitled in this company.
November eotlstDec
NJ n IT n E