The Delaware gazette., 1810-04-11

any ships Or vessels, or directly or indirectly b
concerned IN commerce, or insurance or in the i'm
portation or expectation, purchase or sale of an,
1o''s, wares. or merchandise whatever, (bills o
exchange. and bnion onlv exccpted,) excep,
such ships, vessels, goods, wares, or merchandize
as stall be truly transferred, conveyed or pledgre
10 ihcrl by way of Security fsr moncy actual,
loaned and advante.l, or for debts cue owing, oi
growing 'ue to The seid company, OF pvfclascc
BY then tc secure Such tbts, so tlue TO the ssit
company, or to effect insurance on the property
that may belong, or h= thus pledged 10 the sait
cotpany Tor its security.
4 ARTICLE XIV.
Al! bills, tonds, notes, and every contract ant
ieesngespeet ea, behalf of the company, shall b,
signed by the president, and corntessignet Of a.
tests.i by the cashier of the company, and tn,
fnr.ls Of the company shall in no CASE be helt
responsible for any contrac, or engagement what
ever, unless the same shall be so signed, counter
signed OF aiestet as aforesaid, and the books pa
rers, correspondence, and the funds Of the COM
pauy, sha, at all times be subject to the inspec
ton Of the directors.
ARTICLE NVI,
Dividends Of the profits Of the company, OF
OF so much OF the said profits as shall be .leemcs
ex1edicns and proper, shall be declared and pait
ha'f,yearly during the months of January an.
July in every year, except the first dividend which
shall be declared in ,he month of January cgh
! teen hundred and eleven, and the said dividend
| Shall from time to time be determined by ma
iority Of the directors, at a meeting 10 be helt
| for that purpose, and shall in no case exceed th
amount Of the nett profits actually acquired h,
the company, so thar the capital stock thereof
| shall never be impaired by dividens,s.
| ARTICLE XVII.
| II the said directors shall at any time wilfu,l,
and knowingly make or declare any divden,
which shall impair the said capital stock, all d;
rectors who shall be present at the making o
declaring such divdcnA and assentng thereto
shall be liable III their individual capacities to th
company, for the amount or proportion Of tn
said stock, So divided BY the said directors, an
each director who shall be present at the maxim
or declaring CT such dividcnd, SHALL be tecme
to have consented thereto, unless he shall lmme
diaely declare in writing his dissent, on the min
utes of the proceedings of the board.
| ARTICLE XVIII.
1t is hereby expressly and explicitly declare
tn be the ohj-es o. the persons hs, a4ls
| the fro, of the president and directors of tn
| Bank Of Wilmington and Bra.Hlywine, that tn
property or joint stock OF sail company (exclu
| slve Of the dividends TO be made in the rnannc
! herein menioned,) shall alone be :espcnsihle fo
the debts and engagements of the company, an
that no person VITO shall or may deal with n
| said company, OF to whom they shall or ma
| become in any wise indebted, shall cn any pre-
tence whatever have recourse agains, the seper
| ate property os auy present or future member. Q
! the company. CT against their persons, bu, a
| PERSONS accepting any bond, bill, note, or oshe
contact OF this company, signed by the pres
dent, and Conntersignsd by the cashier of til
company for the time being CT dealing with i. i
any msnner whatsoever, thereby give credit re
| spectlvcy to one JOINT stock or property OF sal
| company, and thereby disavow having recour.
on any present or future member of this compa
| ny except as aforementioned and all suits brougl
| against this company (if any shall bc,) shall b
brought against the president for the time being
and in case OF his death, or removal from ohic
pending any such suits against him, measure
shall be taken at the expence Of the company &c
substituting his successor in office as deielft
ant, so that persons having any demands upo
the company may not be preludiced or delaye
by that event, or if the person susing shall go
against the person first named as defendant mo
withstanding his death or removal from Office
this company shall take no advantage BY writ
error or otherwise of such proceeding On TIL
account, & all recoveries had in rnapfer aforesa
shall bic conclusive upon the company, so far
to render the company's said joint stock or PR
perty liable thereby and no further, and the COZ,
pany shall Immediately pay the amount of sus
recovery out of their join, stock, but not othc
wise, and in case of any suit at law, the pres
dent shall sign his appearance or Gie'commc
) bail thereto, it being expressly UNDERSTOOD az
ac2lates; that all persons. dealing with the sal
company agree to theae terms, and are to
bound thereby r..
ARTICLE XIX.
: The directors shall keep fair and regular q
tries in book provided for that purpose Of tine
proceedings, ar.l on any question where too d