The Delaware gazette., 1810-04-18

any ships III vessels. Of Gssectly OF indirectly be
concerned III conmctte m insurance or 10 the i'm
poftaHol or eSporiaton, rricna3e or sale OF any
goods, wares, o. EIerchaa9i.c whatever, (bi!ls OF
exchange. aud bniiion only excepted,) except
such ships, vessels, goods, wares, or merchandise,
as shall be truly transferred. conveyed or pledged
to tncra by w4y Of ..ecnify inr money actually
ioanei sud advanced, OF fer debts due owing, or
grow Nc doe TO tAe said company, OF purchased
~ them t. secute ;ucb debts, So due To the sad
CON. oany, or, llrct Insurance Oh TIC property
.h.t 'n.y h,ioaE, =; be tus pledged 10 the said
company for It's secou'y.
ARTICLE XIV.
Nj Bills, bonds. notes. and every contract and
engagement or hehalf OF the company, shall be
signc,' by the ptcstcnt, and coun,ersigncd or At
| tes,esl by tue cashier o. the ronpany, and the
| FINDS Of the company snail in no case be held
res ons',le iut All, contract or engagement what
sve., un'css the same sna.i be SIS siynct, counter
sgQe,i attst.d as aforesaid. ana the books pa
| pers, correspondence. ariI ne 'lujs of the COM
nny, shai AZ al times BE eub,crt to the inspec.
| ton ol t!,g dire tS.s
AnltCl.E. l\Vi.
, Di.i'en,,s II tnr D!ott, Of the cor1pany, or
of 20 r'1rch ~ the salu ,,rris AL be deemed
| expe,ient and proper, 81 u he lclored and paid
| half yearly during the tbooti. ol January a.I
July IN every Sc except ihe tits, dividend winch
shall be derl!sred N tue n.on,l of January ei5l-
! teen hundred and clever, an the said dividends
| shall from time to ,tc," uc drtcrrnined Ivy ma
! ioritg Of ,he directors, Al meeting to be h,
/ 10. ,h.t puf.'o,c, and shall N case exceed tho
anount OF a,lc nett profits ac;ray acquired by
| the compaoy, that the capital stock thereof,
| shall never be i,npqifct ~ thv!dcats.
AEiI;LE. XVI.
!. re the saia directors shall q any ,irc vilfaiy
| aud knowingly make or dcDi.re any dividend
which shall impair the sail caiiai sock, All Il
/, f,c.srs wno sbali be present at the making or
,i,ttaring snrh dividend and asserting thereto.
sheii be Fable ia their individual capacities to the
! company, tor the tnoaut or proptr,;on Of the
| said stock, divided by the SAID drectors, and
each director who shall be present u the nllkiuG
! u ,.rcarins OF sncn dividend, STAN hc dccn2d
! 10 have ConsenteA tilergi@. unless he Shall lnfne-
(, dlatey dtciarc ~ writing his ,:lsscnt, % the nn-
/, utes OF the pro fe'iinss If the hoard,
ARTICLE XVIII.
1t is hereby expressly a"d ryp'ici'Y declared
to he tGe afj joc' oiine person-wto associate nnder
; lhr arm at me piesi'cot aad difcvcofs OF the
| Bark oi N'!'lington anl Btandywine, that tne
. property or los stock ol Ss,d ompany (exclu-
! "iVe of ,ne "laeuGs 10 b" 'uu O. the manner
herein 'ncn"1ne,i,) sbal stnu. 1 snans:he i,r
tir debts aud eng ,ac,aeot. u ,.it .,a.aag. and
) 'haT 10 erson W3o sh.J! 4 n.y @-..l qah 'he
/ say! co,Npany, or 10 Waon ,Hst r4 u. nay
! become ln Any wise ;a','le,5 r" I! ~ a:, pre-
!ence whatevc. nave ,t Huf>s u@4.:s II, s,p pa'-
ate property of ,ny p,es"at o. tafe, a,emncf
the som aanv, or o-airs- 'Gr., PERSONS, tdt Az
persoos 90 ,;';ng an baaA, tilt, rQtr, or otho,
cnn'rr.t . ih,s &C 'Gnry, si Aed ~ ~. ssr-.-
deaf. ana ,o'in'c]' Sarn b. taa cash:cr ot ,a.
comp4ay inr me ,itnv heavy or ,iralin. a!Gl ~ u
Any manner ~ t.ncttf. ,herehy a:yl tletli tx.
spsaivr'y 10 n1'- lo'Ct -'oeH of ,unpsify Of s.lt
company, aud ti,el'Y p a"9w hHviaE .ec1r-s'
on any pteseoc .Gtule 'otnibsr ui' tnis cot"@t
ny except as abo1 nenlio,-d ID lra a su;'s hroY,,h
a.airs this .,rfanc tii ar@ sh@'i 3D., stai. 8.
brousnt pg .'nst rhc pg .i.'en' f. ei2te i.t'n@
and IN cas-, ot Il death. o. fspov4 t;7r atii /,
pending HnY suGh suits agtns' bro r'es,u,e'
ahall be tax Atn lGe cxpcrcc &, tat cotHpaGF ;s;
substituting lis SUCCESSOR IN vaice ,'c,eui.
ant, so thar persons having ans deuards upo,
the company may not be prelodIcr" OF GrlDrot
by thar event, or if the person sueing ~ia - ot
against the person hfat canned as 1c.enlam (nU.
withstandng his death or removal irnm off,
this company shall tal:e no advantage b wait c
error or otherwise of such procNct4,f. ca tha
account, & ill recoveres bid IN manner af,,esait
shall be conclusive upon the company, 50 tar Z
10 render ;he company's said joiHt stor's or pro
perry liable thereby and no further, and The com
pany shall ,n,nc lately pay The a,l,oaut ot suci
recovery out of their joint stock, but not other
wise, ard in case Of any suit a; law, the pres;
: dent shall sign his appearsnoe or file com'no'
} bail thereto It being expressly understood an
declared that all persons dealing with The sal,
company agree to these terms, and are to b.
bound ,hele5y.
, ARTICLE XIX.
+ The directors sha'l keep lair aud regular en-
tries in rook provided fo7 shat prrroFe OF thei
, nrnceA di a.. ard on an4 Nueaiun v:hese too d