Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1809-10-05
Articles Of Association,
Far the establishment Of a TRADING CoM.
rASY soithin the to1v:, 9 Akxanaria, to
be denominated
The Linen Importing Company
of Alexandria.

of this Association, is to Introduce for Sals
by the bale or package to the town OF AlexT
andria,tro different parts OF Europe, Linens
of different descriptions, and particularly Ger
man and Irish Linens.
Art. 2.-The Capital Stock OF the ComPa-
nv shall consist OF one hundred ana Jyiy f0ou-
sand dollars, to be divided into three tho's'and
shares of fifty dollars each, andto be payable
| in the following manner, viz. two dollars %
| 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 net'e
than SIX months from the date of the preceed-
ing payment.
Art. 3,-As soon as one thousand shares OF
the said Capital Stock shall have been SUD
scribcd for, meeting of the Stockholders
shall! be called by public notice in the Alexan-
drs Newspaper, TO meet in the said town at
the Court House, either in person, or by at
torncy duly authorised: At which meeunS
the Stockholders, either personally, or thro
their stterneys, 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 hold shares. Similar e'ec-
tons shall take place annually on the same day
or on the day following lin case OF its being
Sunday daring the existence OF this assoeia-
ton But no stockholder shalt vote at any
election, upon stock, upon which there Shall
be due and unpaid any arrearaSes OF the pay
me hts called for.
.Art 4.-The Directors when SO appointed
shall proceed without delay, to choose from
thei. own body or the list OF stockholders,
President. who shall in the manner hereby
declared, conduct the affairs OF the Company
for one wear and no shall be allowed Tor his
services, out of the funds ofthe saidCompany,
a salary to be fixed by the Said Dire tors pre-
vious to his election, and to commence upon
the arr;va! of the first Goods that may be I'M
ported. or so 5ner if the Directors shall so de-
eide. In case of vacancy in the directisn at any
tine b; death, resignation, or otherwise, such
vacancy shall Immediately be filled by the
board of President and Directors; and III the
same manner shall be filed any vacancy which
NAV arise in consequence oftl,e death or re-
sicnatiou OF the Trest The board OF Prcs't &
Directors shall from time to ime choose such
clerksSs other servants OF theCompany,as tney
may think necessary, and make reasonable
allowance to the same for their services.
.A.. S. The board of President and Direc-
tors shall have power to appropriate the luhds
Of the Company in such manner as they may
think proper, and generally to do and perform
all lawful acts, not inconsistent with me 1uh
dameatal articles of this association. bilt, they
shall at no tine have contracted In tue Compa-
ny's name, for the paymen, OF MONIES, exceed
ing in amount the actual capital called IN, un
less it be by particular order, sanctioned O.
the president aad two thirds OF the Directors,
mr. bv the whole number of Directors, noi
eha,, the President aud Directors have autho-
ri,v to contract debts in the name OF the
Company, SO as 20 owe at any time a greater
gun, than $4,000, exclusive OF their cuty
bonds and premiums OF insurance.
Arr. e.--A President and three directors
sb,l, constitute board for the transaction OF
q. binary business, but a concurrence OF 1ouf
Directors with the President,saa be necessa-
~ to the appropriation of monies In the first
instance for the purchase OF Loods OF rroauce
of any kind. The President shau nave po"e,
under the control of the board, to TRANSACT all
the bu siness Of the Company IN relation 10 tue
management and sale of Goods, ana fecelPt
or recovery ofmonies due. ~.
.Mt. The board OF President ana Oi-
rectors shall from time to time declare VI
v;dend Of so much of the profits OF the busl-
ness as they shall deem ADVISABLE. a sta.e'-
,nen ofthe affairs of the Company shall once
in each year, at least, at a period to be flxed
hv the President and Directors, be submitted
to the inspection Of the Stockholders. \ Q
question shall be agitated at the board touching
1l;yidend Of profits, or appropriation OF mo
ney in the purchase of Goods without no :;
thsreof having been.givcn at preceediEe
'Irt. s.-The Stock of the Company shat