Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-10-13
49,. ATtic!esof Association,
FortIse esfqbtishgtsatlcf a IRApINc1 Con-
81 PAsy zv;fhia tse t taYyp Of 4leaaadria, to
be dca0Mfnated s.a ssss s6
The Linen importing Company
So sle a9'sssA al Alexandria.

sby the bale or package to the town OF Alex
sandyia,iron different parts OF Europe, Linens
ssofaiffereht descriptions, and particularly Scr
imam and Irish Linens 500
arr a2.--iEhe Capital Stock OF the IonPa-
my shall consist Of one hundred and Elfy e.o'',
~sand dollars, to be divided into three thoAsano
s shares OF fly dollars each, andto be payao.e
IN the following manner, VIZ. two aollals ~
be paid at the time of Subscribing, slxteen ooi-
lars " zen called for by the directors siA,een
{, dollarsn not less than six months thereal'ei'
and the remaining sixteen dollars Id ho' 'eSs
- than SIX rnonths from the date ofthe pfeooe0.-
ang payment - 49,. e
sb Mr. AS soon as one thousand shares %
sS7the said Capital Stock shall have oeel' SUI
Sscribed for, "a meeting OF the otockno'ao''
ssshall be called by public notice IN the Aie1 ali
= Gyia Newspaper, to meet in the said town a.
the Court House, eitherin persen, OF oy a'-
storney duly authorised {: AT wmcn hiee,i"S
the Stockholders either personally, OF tnfo
their attorneys. shall elect by soaiiot' SIX OF
their own BODY to act as Directors OF the ssiu
Company for, one year. At suen i'' s's
each subscriber shall be entitled to as many
votes as be may hold shares. Similar ciee-
tons shall take place annually on the saiile a-y
or on the day following I'm case OF It's oei"s
Sunday during the existence OF tils assocla-
ton. But no stakeholder shall vote at any
election, upon stock, upon which there snail
be due and unpaid any arearases Oh the pay
ments called for.
.drt. 4.-The Directors when SO appointed
shall proceed without deias, to choose from
their own bo,iy OF the list OF stockholders,
cL,ll in kha hereby
declared, conduct the affairs OF the Company
for one year and W ho Shall be allowed for his
services, out Of the funds of the saiiCompany,
SALARY to be hxcdby the said Directors pre-
yious to his election, and TO commence upon
the arrival of tie. first Goo is that may be I'M
ported, or sooner if the Directors shall SO de-
eide To case Of vacanc. in the direchsn at any
Z time by death, resignation, OF otherwise, sueh
vacancy snail immediately be filled by the
board OF President and Directors; and IN the
same manner shall be filed any vacancy which
may arise In consequence ofthe death or re-
sipnatiou OF the Prcst The board OF Fres't <
Directors shall frors ,lnle TO inne choose such
clerksS other servants of thee Companies they
may think necessary, and make reasonable
allowance 10 the same for their Services.
.4rt. s. The board of President and Direc-
: tors shall have power to appropriate the funds
of the Company in such manner as they may
think proper, and generally to do and perform
s4all lawful acts, not Inconsistent with tho fuil-
St3amentaI articles ofthis association. But, they
s shall at no time have contracted In the Compa
s ny's name, forthe payment OF monies exceed
ING lii ar,ouatthe actual capital called IN, un
less il be bya particular order, sanctioned by
tbs nre sident and two thirds OF the Directors
! or by the whole number of Directors, nol
: shanahe President and Directors have autho-
rity 10 contract debts In the name of the
; Conpsny, so as TO owe atany time greater
sum than ST5, 900, exclusive OF their duty
bonds and premiums OF insurance.
M, 6.--A President and three Directors
shallsconstitute board for the transaction of
' ordinary business, but concurrence of four
Directors wit,Ythc Prcsidcnt,shalfbc neccssa-
ry TO the appropria,iono monies in the tlrst
!: instance for the purchase OF Goods or Produce
! Of any kind The President shall have. 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
orsrecovery ofmonies due.
.Art. 7.-Yhe board of President and FL
rectors shall from time 10 time declare = Dir;
vidend Of so much of the profits OF the bnsl--
ness as they shall deem ADVISABLE. A state.
1neaG offhe affairs Of the Company shall once
inseach year. al least, at period to be fixed
BY the President aud Directors, be submitted
to tire inspection of the stockholders No,
question shall be agitated at the board touching
"a dividend of profits, or appropriation of mo-
,ney in The purchase of Goods, without notice
thereof having been given at proceeding
board .ot a,@s}'9 40
.4rf.e {. - The Stock of.the Company shall
be transgeiabfeson their books, but no diyi-
tlend can at any time be claimed upon stock,