Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-16

the discretion Of the President and Direct
ors. TO Stockholder, and not to Stock
holder to an amount exceeding the amount
Of his stock actually pai. up.
Article %. If any Stakeholder shall fail
to pay up the several instruments upon his
subscription as herein before directed, his
interest upon such instalments as he may
have paid shall cease, as to him, and remain
70 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 Iii
yidend, or violating or infractlng such fun-
damental article or articles, and conserving
thereto, shalt be liable in their individual
capacities to. the Company for the amount
or proportion of said capital stock so di.
vided, and also for any injury or damage
that may accrue in consequence of any such
violation or infraction as aforesaid and
each Director who shall be present shall be
deemed to have assented thereto unless he
cause his dissent to be entered on record.
article "a. 1t is hereby expressly and ex-
plcitly declared to be the object and inten-
ton OF the persons who associate under the
stile or firm Of the President and Directors
Of the Farmers Bank Of Alexandria, that
the Joint stock or property of the said com
Dany, Exclusive OF the dividends to be
made in the manner herein after mentonetD
shall alone be responsible for the debts and
engagements OF the ssld company. And
tina, no person who shall or may deal with
this company, or to whom they shall or
NAV become in any wise indebted, shall, on
any pretence Whatever, have recourse a
gainst the separate property OF any present
or future member OF this company, or a.
sainst their persons, further than may be
necessary to secure the faithful application
of the funds thereof TO the purposes TO
which, by these presents, they are liable:
But all persons accepting any bond, hlli or
note. or other contract of this company,
signed by the President, and countcrslgned
or atsssted by the Cashier of the company,
for the time being, or dealing with 1t III
any other manner whatsoever, thereby re-
specsively give credit TO Inc said joint stock
or property ofthe said company, and there
hy respectively disavow having recourse.
on any pretence whatever, to the person or
Separate property Of any present or future
member of this company. except as above
mentioned. And all suits TO be brought
against this company Gt any Shall BIZ shall
be brought against the President for the
time being, and in case Of his death or ,r
moval from Office, pending any such suit
spanst him, measures shall be taken, at the
expence Of the company, for substituting
his successor in office, as r defendant; SO
that persons having demands upon ;ile COM
pany NAV not be prejudiced or delayed by
that event Or, if the person suing, SHAH
go on against the person first named as de-
PENDANT Notwithstanding his death or re-
moval from Office this company shall take
no advantage, by writ of error or other
w;se. of such proceeding on that account;
and all rccoyeries, had in manner aforesaid,
shall be conclusive upon the company, so
far as TO render the company's said joint
stock or property liable shereby, and no
further; and the company shall immediate
ly 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 il being expressly
understood and declared that all persons
dealing with the said company, agree to
these terms, and are to be bound thereby.
article 25. These articles Of agreement
shall be published at least twenty days in the
the Alexandria Daily Gazette; and for the
further information of all persons who may
transact business with or give credit to this
Cor,nnnv eyerv honrI hill or potn or other