Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-09-25

the discretion of the President and Direct
ors, to Stakeholder, and not TO stock
holder to an amount exceeding the amount
of his stock actually paie up. ;, !. ;,
Article 20. If any Stakeholder shall fail
to pay up the several instalments upon ms
subscription as herein before directed, his
interest upon SUCK instalmrnts as he may
have paid shall cease, as to him, and remain
to the use and benefit of the other members
of this association.
article %. IF the Directors OF tbs 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
:iclos of this Association, all the Directors
present at the making or declaring such d.
vidend, or violating or infracting such fun
damental article or articles, and conserving
thereto, shall be liable in their individual
capacities to the Company for the amount
or proportion of said capital stock so d.
vided, and also for any injury or damage
that may accrue in consequence OF any such
violation or inlraction 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 q. 1t is hereby expressly and ex-
plicitly declared to be the object and inten.
ton of the persons who associate uuder 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
pany, Exclusive of the dividends to be
made in the manner herein after lrientionsd)
shall alone be responsible for the debts and
engagements OF the SAID company. And
that no person who shall or 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
gainst the separate property of any present
or future member of this company, or a
gainst 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, bill or
note, or other contract of this company,
signed by the President, and counsersigned
or attested by the Cashier of the company,
for the time being, or dealing with it in
any other manner whatsoever, thereby re.
spectively give credit to the said joint stock
or property of the said company, and there
by 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 (if any shall BIZ shall
be brought against the President for the
time being, and in case of his death or re.
moval from Office, pending any sncE suit
against him, measures shall be taken, at the
expence of the company, for substituting
his successor in Office, as a defendant so
that persons having demands upon the COM
panY NAV not be prcjudiced or delayed by
that event Or, if the person suing, shall
tendap: Notwithstanding his death or re-
moval from ofice) this company shall take
NJ advantage, by writ Of error or other
wise, of such proceeding On that account /;
and all rccoveries, had in manner aforesaid,
shall be conclusive upon the company, SO
far as TO render the company's said joint
stock or property liable thereby, and no
further; and the company shall immediate
| " 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:
.Hrticle Is. These articles of agreement
shall be published at least twenty days in the
the Alexandria Daily Gazette; and for the
Eturthcr inflammation of all persons who may