The Delaware gazette., 1810-03-28
OFTHE
Wilmington i5Brandywine
OF I'll f

'N'S~AAANSA w -~N''~ANS2 q NCNA -
TO all whom these presents shall come, or
TO whom they in any wise concern, Be II made
known and made manifest, That We, the sub
scribers, 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 WHINING
TON and BRANDYWINE."
And We do hereby mutually covenant, de-
clare and agree, That the following are and
shall be the fundamental articles OF this oaS AS
soca,ion and agreement with each other, by
which we, and all persons who at any time may
transact business with the said company shall
be bound and concluded.
ARTICLEI I.
The capital stock of the said company shall
consist Of T4vo Hundred Thousand Dollars, in
money of the United States, and shall be dyi-
ded in shares of FiffyDoAlars each the amount
of the shares subscribed for shall be paid by
the several respective subscribers into the
hands of the Directors, herein after named, in
gold or silver, or in Bank notes equivalent
thereto, in the following manner, to wit:
Fpe Dollars shall be paid ON each share at the
time of subscribing these articles, and Five
Dollars shall be paid on each share on every
succeeding thirty days, until the payment oil
Twenty five dollars, on each share so subscr-
b ID is completed and in case Of non-payment
ofthe said sums Of money at the time or times
specified, when they become payable, the share
or shares subscribed for, and upon which such
default of payment arises, shall be forfeited to
the company, together with sl and every sum
or sums OF money previously paid thereon and
the remaining Twenty Five Dollars, on each
and every share so subscribed, shall be called
for and demanded at such time and place and
in such proportions as the Directors herein af-
ter mentioned, shall order and direct; they
giving at least thirty days previous notice of
such payment, in the most public manner,hat
circumstances and the nature of ths case will
admit. And in case of non payment Of the
residue, or any part thereof, at the time or
times SO required, the interest or dividends on
alt monies previously paid on such shares Shall
be forfeited to the Company.
ARTICLE II.
That the following persons are hereby con-
stituted and appointed Directors Of said Bank,
and sfall continue to hold their respective Of
fees until the FIRST Monday of April, one thous-
and, eight hundred and eleven, and until they,
or their successors shall be duly elected, as
herein after provided.
ARTICLE III.
Should any vacancy a, any time happen a.
mong the Directors, by death, resignation or
otherwise. the remaining Directors, for the
time being, shall elect Director to fill such
vacancy until the next election and on the
said first Monday in April, ls |, and on every
succeeding year, general meeting of the
Stockholders of the SAID Bank shall be holden
at such place as the Board of Directors shall
appoint, oy notice given in the most public
Ipanner the nature OF the case will admit, at
least fifteen days next antecedent to such meet
ing, tor the purpose OF electing nine Directors
for the ensuing year and the said Directors.
thus elected, shall, at their first meeting after
such election in each year, choose one Of their
number as President: Provided, that in ease it
should happen at any time that an election oi
directors should not be made upon any day
when, pursuant, to these articles, it ought to
have been made, it Shall be lawful, and the Di,
rectors for the time being are hereby required
within ten days after such neglect TO call a
meeting Of the stockholders, for the purpose oi
holding and making an election of Directors, in
such manner as majority of them shall direct
and appoint.
ARTICLE ".
None but Stockho!tler, being citizen Of
and residing in the State of Delaw are, shall be
silgihle as Dire' tor and no Director of an.
other Bank, Or partner of such Director, shall
he' al the Same time, a Director of this Bank
and II any one of the Directors, after being G.
'e''ed' shall, at any time, during the term fol
"hch ne shall have been chosen, cease to b,
o'ockholi!er, Or be elected or chosen Direct
'f of NJ any Other Bank, the remaining Direct
OTIS or u majority OF them shall latter having
satisfactory intormaiun Of the same) at theil
neN meeting. pas am order declaring him thu:
"'q"aUf1ed, and no longer a Director of the
NA' H"'h and shall forthwith proceed TO Fl