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

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perty liable thereby, and no further; aid the
| Company shall Immediately pay the amount
! of sue 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; itIbeme
expressly understood and declared, that all
persons dealing with said company, agree to
these terms and are bound thereby
/ article 9Th. Dividends oil the profits OF the
Company, or so much thereof as shall be
1deemed sufficient and proper, shall be declar
! ed by the Board of Directors III the thlre
week in January in each year, and shall IN nc
| case exceed the amount of the nett profit:
actually acquired by the Company.
.drtlcle loth. If the said directors shall al
any time wilsulIy and knowingly make or de-
clare any dividend which shall impair the sal
capital stock, all the Directors present At The
making or declaring of said dividend, and con
senting thereto, shall be liable in their md
vidual capacities to the Company, for the
amount or proportion of said capital stock SC
divided by the said Directors and each "
ector " no shall be present at the, making o.
declaring such dividend, shall be deemed &c
have consented thereto, unless he Shall entei
| in writing his dissent on the minutes ct the
proceedings of the Board, and give pubic
notice 20 the stockholders that such dividend
has been declared.
.Artiele IL. The Company shall not pur'
chase or hold any lands, tenements or other
real estates.
| .artzcle 10. Any number of stockholders
not less than forty, who, together, snail DC
proprietors of four hundred shares, may, tor
any purpose relative to tie institution, at u
ny time apply to the Board Of Directors tc
| call general meeting Of the stockholders
| and, if by them refused, the said number Of
stockholders, proprietors OF not less than the
number of shares aforesaid, or a majority Of
the directors, shall have power to call &C.
neral meeting of the stockholders, giving al
I least sixty days notice III the Alexandria ano
| Washington new spapers, specifying In such
notice the object or objects of such CALL
article Is. This Association shall be ant
| continue for the term OF ten years, from ant
after the first election of directors, but may
be dissolved at any period prior thereto, OF
continued for any length Of time thereafter
not exceeding twenty years provided, the
| proprietors of two-thirts OF the capital stock
of the said Company, by their concurrlnG
votes, give their assent thereto /; but no dls-
| solution or extension shall take place unless
notice of meeting to consider such propose
| ton, be publishad in the Alexandria and
| Washington new spapers tor SIX weeks pre-
vlous thereto.
Article H. Immediately Oh the dissolution
Of this Association, prompt AID etlectual
measures shall be taken by the directors thor
existing, for converting into cash the stocf
Oh hand. closing all the concerns O! the Com.
! pany, and for dividing the capital and profits
which may remain, among the stockholders
! in proportion to their respective interests.
.d,ticle Is. The BOOKS of subscription lo'
shares in this institution, snail be opened Ii
Alexandria, on the first day OF Deem
Der aext and shall remain open for the space
of one day, at least, uader the direction o
[ George DeneQle, Hugh Ssaith, J9A. LonSden
Jain ~ Kianey, and James hrec;n, or major
lty Of them, of which public notice shall be
given in the Alexandria and Washingtcr
newspapers In case the whole number o
shares shall not be subscribed for on that day
the Commissioners, Or Board of directors
| shall! have authority to open the books alter
| wards OF the'r pleasure but lift should hap
| pen that more than the stipulated number Q
I shares should be subscribed for, then the com
! nlissioners hereby appointed, are to apportioI
| them among the subscribers, by deductine
from the highest subscriptions until they ARK
reduced to the proper number. The COM
missioners will issue receipts TO the didcren
stockholders, which receipts with the origi-
nal subscription shall be deemed good evil
dcnce of the quantity of stock to whica eact
[ subscriber shall be entitled in this company.
| November II. eotls:Dec
| Public Sale.