Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-19

COMMUNICATION shall be granted, except, at
the discretion of the President and Directs
ors. to a Stockholder, and not to Stock
holder to an amount exceeding the amount
of his stock actually paic up.
article 90. If any Stakeholder shall fail
to pay up the several instruments upon his
subscription as herein before directed, his
interest upon such nstalnsnts as he may
have paid shall cease, as to him, and remain
20 the use and benefit Of the other members
of this association.
article 90. IF the Directors Of this AS
ISOLATION shall at any time wilfully and
knowingly make and declare any dividend
which shall impair the capital stock, or
shall wilfully and knowingly violate and IN
fringe any Of the foregoing fundamental ar
;icles of this Association, all the Directors
present at the making or declaring such di-
vidend, or violating or intracting such !un-
danensa article or articles, and conserving
thereto, shalt be liable in their individual
capacities to the Company for the amount
or proportion of said capita! stock SO di-
vided, and also for any injury or damage
that may accrue in consequence OF any such
violation or infraction as aforesaid F; and
each Director who shall be present shall be
deemed TO have assented thereto unless. he
cause his dissent 20 be entered on record.
article "a. /: is hereby expressly and ex-
p1icitIy declared 20 BE the object and inten
ton OF the persons who associate under the
stIe Or 6rm Of the President and Directors
of the FARMERS Bank Ct Alexandria, that
the Joint stock or property of the said COM
pany, (exclu8ive OF the dividends to be
made in the manner herein after mentionrdD
shall alone be responsible for the debts and
engagements of the sad company. And
that no person who shall OF may deal with
this company, or TO whom they shall or
may become in any wise indebted shall, on
any pretence Whatever, have recourse a.
eainst the separate property OF any present
or future member Of this company, or a
painst their persona, further than may DC
necessary to secure ;Ac faithful application
Of the funds thereof 70 the purposes TO
which, by lh2se presents, they are liable:
But all persons accepting any boad, bill or
note, or other contract Of Ibis company,
signed by the President, ani coantcrslgned
or attested by the Cashier Of the company,
for the time beiug, or dealing with it in
any Other manner whatsoever, thereby re.
spec,iycly give credit 70 the said joint stock
or property cfth said company, and there
by respectively disayov having recourse,
on any prctonce whatever, 70 the person OF
eparase property ct any present or future
member of this company, except as above
mentioned. And all suits to be brought
against ,his company Gil sny shall be- SHALL
6e brcughe against TIE President tor the
inc being, aad in case OF lis death or re-
moval from Office, pending any such suit
aganst him, measures shall be taken, at the
,ypeuce Of the COMPANY, Cor substituting
his successor il Office, as q defendant; SO
that persons having demands upon the COM
pany NAV not be prejudtced or delayed by
that event: Or, if the person suing, shall
90 on against the person first named as de-
eudans Notwithstanding his death OF re-
moyai from Office this company shall take
no advantage, by writ Of error or other
wise, of such proceeding on that account;
and all recoveries, had in manner aforesaid,
shall be conclusive upon the company, so
Far as to render tae company's said Joint
stock or property liable thereby, aud no
further; and the company shall immediate
sy pay the amount of such recovery out of
their Joint stock, but not otherwise. And
in case of any suit at law, the president
shall sign his appearance upon the writ, or
file common bail thereto /; it being expressly
understood and declared that all persons
dealing with the said company, agree to
these terms, and are to be bound thereby.
.lrticle IS. These articles of agreement
shall be published at least twenty days in the
the Alexandria Daily Gazette: and for the