The Delaware gazette., 1810-04-11
The Articles Of 1ssociotion,
OF TIL f
Bankof Wilmington yBrandywme

Bank lot w llInlngton yDTaliuywhi0'
TO all whom these presents shall come OF
to whom they in any wise concern, nc II i''a,'c
known and made manifest, That We, thesu
scribcrs, have formed Company or limited
Partnership, and do hereby associate and agree
with each other to conduct business under the
name and title OF /" The PRESIDENT and
DIRECTORS of the BANK of WlLMiNG-
TON and BRANDYWlNE.."
And We do hereby mutually Covenant dc.
clare and agree, That the following are and
shall be the fundamental articles oi this our AS
socia,ion and agreement with each other, by
which we, and all persons who at any ume may
transact business with the SAID company sha''
be bound and concluded.
ARrICLE1. !.
The cap;tal stock Of the said company shall
consist of 74vo Hundred ThUusaM Dollars, in
money of the unbed States and 'hal' DC d'vi-
Jrd IN shares OF EfvDoAa,s each the amount
nrthe shares subscribed for shall be paid by
ne several respective subscribers into the
= ,n..s nf the Directors, herein after named, in
..n'J or silver, or in Bank notes equivalent
e.. ,to. in the following manner, to wit
p; ,4 Dollars sha! be paid on each share 1t The
,;,,a of' subscribing these articles, and rae
~ -. Sall be paid on each share on every
.,p. 'naa.a;nc thirty days, until the payment OF
tT.t,s,, svc dollars, on each share so subscrl-
,.I :. ,,,r,e, ed and in case oil non-payIn2nt
se.hs sa;J sums of money at the time Or tunes
snac.Gsd. when they become payable, me snare
fsao c,,xcr;bed for, end upon which such
dac',,,t If nayment arises, shall be forfeited TO
,L.onnon.nv. together with all and every sum
r .,,n,, ,f ,n.r -. r-s"ia,.s'y PAID th1rf"' ',
,he re manning Twenty Five Dollars, on each
.od .v.,v share SO subscribed, shall be called
f,,r and demanded at such time and place and
in such proportions as the Directors here'h al
hon mnn,ioned,' shall or,Ser and direct thcy
giving at least thirty days previous ho''ce o.
s,,cb navment, in lhc most public 'uhnnerthat
r,.,,,,1,.,nrcs and the nature Of the case VIII
admit. Ard in case Of Ron-payTehf oil lhe
residue, or any part thereof, at the u'ne CT
times so required, the interest or dividehas on
all monies previously paid on such shares sha'l
be forfeited to the Company.
ARTICLE. II.
That the following persons are hereby con-
s,;tuted and appointed Directors OF SAID BANK
and shall continue to hold their respective OIL
fees until the srst Monday Of April, one theus'
and. ei.bt hundred and eleven, and until taey,
or their successors shall be duly elected, as
herein after provided.
ARTICLE III.
Should any vacancy AT any time happen a.
nonr the Directors, by death, resignation or
otherwise, the remaining Directors Hf '"s
time being, shall elect a director 10 II" suI"
vacancy until the next election alo o" 'pe
said lifst Monday in April, IS. /, and on every
succeeding year, general mee'ing ol ,"s
Stockholders of the SAID Bank shall be ho'"e,
at such place as the Board OF Directors Si"' ,
appoint, by notice given in the most puohe
a.. ,rH <yeyNlf
least Fifteen days next anteccdent to such meet
ing, for the purpose OF elec'ing nlne directors
sor The ensuing year ; and the said Directors
thus elected, shall, at their first meeting after
such election in each year, choose one OF :hei'
number as President Provided that in case i
should happen at any time that an election o
Directors should not be made upon any day
when, pursuant to these articles, it ought t.
have been male, it shall be lawful, and the Ci
Yectors for the time being are hereby required
within ten DAYS after such neglect TO call
meeting of the stockholders. for the purpose o
ho'ing and making an election of Directors, II
sN. manner us majority of them shA direc
and appoint.
ARTICLE ".
None hu. S:ockholder. beln. citizen ol
and residing in the State OF Delaware, shall D
eligible as a Diret tor; and no Director oi an
other Bank, or partner Of such Director. sha
BE-, At the Same time, a Director of this bank
and il any one OF the Directors, after being {
iceted, shall, at any time, during the term io
Ehch he shall have brcn chosen, cease to b
Stockho,,cr, or be elected or chosen a Direc
a or or in any o.ker Bank, the remaining Drec
nEs, or majority Of them shall (alter Esvin
satisfactory Information of the sane) at the
NfHt meeting. pass an order declaring him thu
@s1naliRed, and no longer a Director Of II
Sad lanh; and shall fsIthwith proceed to f