Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-11-17

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or rejected 10 be Determined by Ios ]; and
such succeeding elections shall take place
annually on the second Tussdayin Febrn.
ary; but for the presen. year for the more
i'm mediate organic atom OF the business Of
the ca mpany, ths election may DC heidSoA
an earlier day under the direction Of the
commissioners appointed 30 receive sub.
scrp.ions, and the number OF votes 10
which each stakeholder shall be endika,
shall be in proportion to the stock ne may
hold as follows: For one share and noi ex.
ceeding SIX shares, one vote each tor eve
~ two shares over six End not exceeding
sen, one vote each; FIR every three shares
over ,sn a,d n2, exceeding sixteen one
vote each; f5r eseryfaor saares over sia
teen aud no. exec ediug forty, one vote
each aud for every Ten shares over forty.
one vote each; sid no stockaolder shsl
be permitted to vote fexcept at The FIST e
lcction) sho hasno' held his stock tor twenty
days prior TO the election, and in all cleo,
,ions after tse first, the proxy shallbe made
ic such;foru, as.,hs, Board Of Directors
shall appoint. p
Article s. The affairs of III. said com.
pany shall be carried 90 ia the town OF A.
lexaodria, uuder the superintenjauce and
control Of toe said Directors, of whom any
four shall form, a board or quorum, they
shall choose chairman from among them.
selves, aud 10 case of vacancy by death, re-
sigoasian or otherwise, such vacancy shall
be immedia,sly filled by themselves from
among the stockholders. Ani tbs said
Directors shall in no case whatever,c CONTRACT
debts or engagements, by bill, bond or 0.
sherwise, for, or on account Of the Com2a'
ny, but that all dealings under their so?er.
io,endance and control aforesaid, shall Be
FOR cash or barter, except goods On dePo.
s,, which may BE- sold by the direction Of
toe uons;guor. The said Directors shall
also exhibit at the annual meeting of stock
holders, for their inspection, a statement
OF the affairs Of the Company for the year
proceeding.
s .A,1icle 4M. The Directors when elected
shall proceed without delay to appoint ain
Agent and such other officers a, may be FER
quisite, all of whom shall hold their Offices
during ths pleasure of the Board, and who
SHALL before they enter upon taeir functions,
give bond with sufficient security to the said
Directors and taeir successors lii Office for the
faithful discharge Of their duties, as prescrib-
ed by the Boad of Directors.
.Att!cle STU II shall be the duty OF the
Agent, when so appointed, to have the charge
ofthe cash, goods, deposits, books and papers
of the Company, to make purchases, receive
deposits, make advances OF money, or eS-
change goods for deposits, make sales thereof
and to effect insurance Gu goods transported
by sea, where the Company have an interest
In the property under the rules prescribed
by the Board of Directors. He shall be allow
ed yearly salary, an,, a certain rate per cen
iun, in addition thereto, of the nett pretlts
accruiag to the said Company, before the dl-
vidends are declared, the amount OF both ct
which to be fixed from time to time by the
Board of Directors.
article 9Th. All receipts for goods depo-
sitel for sale shall be signed by the Agent, |
and the funds of the Company shall In no
case be held responsible for any deposits CT
goods whatever unless so sigaad. 4
.drticle tn. Tke shares of capital stock I
at any time owned by any individual stock
holder shall be transferable on the books of
the Company, according to such rules as may
ayecably to law be established in that bchal!
by the Beard of Directors; and it is further
expressly agreed &dec!ared, that any stock
holder who shall transfer in manner aforesaid
al! his stock or shares to any other person Or
persons whatever, shall lhereupon cease TO be
q member C this Company, and that any
person Or persons whatever who shall accept
transfer Of any stock or share III this Com
pany shall thereupon become and be mem
Der Of this Company, according to these ar
ticles of association. /
Ar5icle stA. tits hereby expressly and ex-
rlicltly declared by the persons who associate
under the name or firm of the domestic
Manufacture Company of Alexandria" that