Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-10-07


pANY within the tom Of alexandria, to
Be acaominafed
The Linen Importing Company
of Alexandria.
.Art. 1.-The declared and principal object
of this Association, is to Introduce for Sale
by the bale or package to the town OF Alex
andria, from different parts OF Europe, Linens
ofdifferent descriptions, and particularly Ger
man and Irish Linens.
.drt. 2--Thc Capital Stock of the Compa-
nv shall consist of one hundred and FRY fhou--
sand dollars, to be divided into three thousand
shares oil. fifty dollars each, and to be payable
inthe following manner, viz two dollars to
be paid at the time Of subscribing, sixteen dol
lars when called for by the directors, sixteen
dollars in not less than six months thereafter,
and the remaining sixteen dollars IN not less
than SIX months from the date Of the proceed
ing payment :
frt. 3,-As soon IS one thousand shares OF
the said Capital Stock shall have been sub
scribcd for, meeting of the Stockholders
shall be called by public notice In the Alexah-
d7ia Newspaper, 10 meet in the said town at
the Court House, eitheria person, or by at
torney duly authorised: At Which meeting
the Stockholders, either personally, or thre,
their attorneys, shall elect by ballot, SIX OF
their own body to act as Directors OF the said
Company for one year. AT such meeting
each subscriber shall be entitled to as many
votes as he may hota shares. Similar cleo
tons shall take place annually OLE the same day
or on the day following I'm case OF It's beng
Sunday during the existence of this assocla-
4stion. But no stakeholder shall vote at any
election, upon stock, upon which there shall
be due and unpaid any arrearases OF the pay
1nents called for.
.drt. 4.-fTrha Directors when so appointed
shall proceed without delay, to choose from
their own body orthe list of stockholders,
President who shall in the manner hereby
declared, conduct the affairs of the Company
for one year and no shall be4alloWed Tor his
services, out ofthe funds of the saidCempany,
q salary to be fxedby the said Dire tors pre-
.yious to his election, and to commence upon
the arrival OF the first Goo Is that may be I'M
ported, or sooner If the Directors shall SO de-
eide In case OF vacancy in the direction at any
siGle by death, resignation, OF otherwise, such
vacancy Shall immediately be filled by the
board of President and Directors and in the
same manner shall be hledany vacancy which
may arise In consequence ofthe death or re-
signatiou OF the Pres.t The board of frss'ts&
Directors Shall from tins to ime choose such
3 clerks& other servants of thcCompany,as they
may think necessary, and make reasonable
allowance TO the same for their services.
art. S. The board of President and Dircc-
sors shall have power to appropriate the funds
cuch &c m
think proper, and generally to do anu periorm
all lawful acts, not inconsistent with the tun-
.damental articles OF this ASSOCIATION. But, they
shall at notime have contracted In the Compa-
-ny's name, for the payment OF MONIES exceed
ing'io amount the actual capital called IN, un
less i; be By particular order, sanctioned by
the president aud two thirds of the Directors,
or by the whole number of Directors, nel
shall the President and Directors have autho-
rity to contract debts in the name Of the
Company, SO as TO owe at any time greater
sum than $4,000, exclusive OF their duty
bonds and premiums OF insurance.
-drs. Ga President and three Directors
shall constitute board for the transaction of
ordinary business, but a concurrence OF four
Directors with the Presidcnt,sha be necessa-
Try to the appropriation OF monies in the first
instance for the purchase OF Goods or Produce
of any kind. The President shallhave power
under The control of the board, to transact all
the business Of the Company in relation to the
management and sale of Goods, and receipt
..or recovery of monies due.
Art. THE board of President and Di-
srectors shall from time 10 time declare Di-
~yidend,of so much OF the profits of the bust
ness as they shall deem advisable. state
meat of the affairs of the Company shall once
ineach year, at least, at a period to be fixed
by the President aud Directors, be submitted
to the inspection or the Stockholders. No
4ouestionshalI be agitated at the board touching
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