Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-11-22
render she corapany,s said joint stock or pre-.


perry liable thereby, and no further; and the
Company shall immeaiatel, pay the amount
of such recovery out OF their joint stock, but
not otherwise: And in case OF any suit at law,
the agent snail sign his appearance upon the
writ. or file common bail thereto it being
ex pressly understood and declared, that all
persons dealing wisll said company, agree to
these terms and are bound thgreby
lz.drncle9th. DivlGcndsof the profits OF the
Company, or so much thereof as shall be
deemed sufficient and proper, shall be ceclar-
ed by the Board Of Directors Ill the third
week in January in caci, year, and shall! 10 no
case exceed the amount OF the nett profits
actually acquired by the Company.
arhcte ] on. Ifthc said Directors shall at
any time wilfulIy and knowingly make or Dc
clare aay dividend which shall impair the said
capital stock, all the Directors present at the
making or declaring Of said dividend, and con-
sentipy thereto, shall be liable in their lndi-
yidual capacities to the Company, Tor the
amount or proportion Of said capital stock SO
divided by the said Directors; ana each u
rector " no Shall be present at the making or
declaring such dividend, shall be deemed TO
have consented thereto, unless ne shall enter
in writing his dissent on the minutes OF the
proceedings of the Board, and give puoiic
notice 70 the stockholders that such DIVIDEND
| has been declared.
.frttcze H.. The Company shall rot pnr-
chase Or hold any lands, tenements or othcf
real estates.
.lrhcle IL. Any number of stockholders,
not less than forty, who, together, snail DC
prcprietors Of foar hDndred shares, may, tor
any purpose relative to the institution, at a
| ny time apply1to the Board Of Directors to
| call general meeting Of the stockholders
| and. if by them refused, the said number OF
stockholders, proprictors OF not less than the
number OF shares aforesaid, or majority OF
!, the directors, shall have power to cal &C.
! neral meeting ofthe stockholders, 9lying a.
I least sixty days notice in the Alexandra and
| Washington newspapers, specifying IN such
| notice the object or objects OF such call.
| ..4rtfcle | 8. This Association shall be and
! continue for the term Of ten years, from and
] alter the first election Of directors, but may
!. be dissolved at any. period piior thereto, or
/ continued fer any length OF time thereafter
| not exceeding twenty years provided, the
/
OF the said Company, By thsir concuirms
votes, give their assent thereto bat no els ,-
solution or extension siiais eahe pace uiiisaS
notice Of meeting 90 consider soch PtoPoSi-
ton, be published in tie AieXandfla ana
Washington new spap2rs tor SIX weeks pre-
So 9f Ehen2o !. Immediately on the dissolution
OF this Association, prompt and etfectuei
measures shall be taken by the directors then
existing, tor converting into casa the stock
on hand, closing all the concerns OF the Goa
pany, and for dividing the capital and pfohts
which may remain, among the stockholders,
in proportion to their respective interests.
.drhcle Is. The books CT subscription for
shares in this institution, Snail be opcnsl in
alexandria, on the first day of Daccnl-
Der next and shall remain open for the space
Of one day, at least, under the direction OF
George Denealr, HAsgh Smith, Jahn LonSdcn,
jain Df'Kinney, and James Irzut7l, ora major
ity Of thega, of which public notice slsall be
given in the Alexandra and Washington |
newspapers In case the whole number OF
shares shall not be subscribed for on that day,
the Commissioners, or Board OF directors
shall have authority to open the books a1ter-
wards ct their pleasure; but ltitshouId hap
pen that more than the stipulated number OF
shares should be subscribed Tor, then the com
missioners hereby appointed, are TO apporton
them among the subscribers, by ceducting
from the highest subscriptions until they are
reduced to the proper number. The con-
missioncrs will issue receipts TO the different
siock holders, which receipts with the orlgi
aal subscription shall te deemed good evi-
dencc Of the quantity of stock to whica each
subscriber shall lie entitled i'll this company.
November II. eotlstDcc
TAKE NOTICE.
THE subscriber respectfully informs the