The Delaware gazette., 1810-03-24

cnHrrfWdln commerce or assurance OF In the lnl-
Portaton or expor,ation, purchase or sale of any
goods, wares, OF merchaudize whatever, (bls OF
exchange, and hnilion onlv excepted,) except
such sh,p,, vessels, goods, wares, o. nercbaniize
.,s SHAH be tuly transferred, conveyed or pledged
- them by way cf security for money actually
ioansd and advanced, OF for debts due owing, or
growing due the said company, or purchase,
by them t. secure such debts, SO due to the said
comssny, or effect INSURANCE. the property
that may belong, or he tl.us pledged 10 the said
company ,or AS security.
ARTICLE Nv.
All bills, bonds, notes, and every contract and
engagement on behalf of the company, shall be
signed by the president. and counersigned or at
tested by the cashier OF the company, and the
funds of the company shall in no Case be hcla
'espo1siblc for any contract o, engagement what
ever, unless the same shah be SO signed, courter
signed or attes,ed as aforesaid, and the books pa
pers, correspondence, aud the funds of the com
psny, shall at all times be subject TO the inspec-
ton Of the directors.
ARTICLE XVI.
Dividends of the profits Of the company, or
of so much of the said profits as shall be deemed
expedieut and proper, shall be declared a.d paid
half yearly during the months Of January and
July in every year, except the tiss dividend which
shall be declared liz the month of January eigh-
teen hundred and eleven, and the said dividends
! shall from time to time be determined by ma.
jority of the directors, at meeting to be held
for that purpose, and shall in no case exceed the
| amoun, of the nett profits actually acquired by
! the company, SO that the csptal s.ock thereof,
! shall never be imputed by dividends.
ARTICLE XVII.
If the said directors shall at any time wilfuly
and knowingly make or declare any dividend
which shall impair the sail capital stock, all di-
! ctors who shall be present at the making or
declaring such dividend and asserting thereto,
shall be liable ther iadivllliai capacities to the
| company, for the amoun, OF proportion Of the
said stock, SO divided by the said directors, and
| each director who shall be present at the making
| or declaring of such dividend, shall be deemed
| to have uoasenteI thereto, unIess he shall nme-
datsly declare in Whiting bis dissent, on the min
utes OF the proceedings Of the .oa,d.
ARTICLE NVIii.
II is hereby expressly ans. explicitly declared
to he the objec ofthe persons who assoc,a.e under
! the firm of the president and directors Of the
Bank Of Wilmington and Brandywine, that the
property or joint stock OF said company (exclu-
ilye OF the dividends to be made IN the manner
| herein mentioned, shall alone We responsible for
| the debts and engagements of he Company, and
that no person who shall or may deal with the
sand company, or to whom they shall OF may
become in any wise Indebted, shall on any pre-
tance whatever have recourse against the sepeT-
| are property o any pFe3ent or future member Of
! the company, or against their persons, bur al,
| persons accepting any bond, bill, note, OF oths
| contract CT this company, signed by the presi-
| dent, AID Counierslgned by tine cashier of tt+
cnnpsty tor the time being or dealing with IL il
any manne! whatsoever, thereby give credit re-
| ..ec' ,c to one joint stock propert,' Of said
company, a'i thereby disavow having recourse
| on any pese OF tutme member of TINS compi
ny excep as bowen entioncd ans, all suits brought
against this company lit any shall be- shall l+
brought against the president for the s'ne helug,
and in case Of his death, removal from Office
pending any such suits against HIM, measures
| shall be taken at the expence o! the company for
substituting his successor in Office tetelll-
ant, so thar persons having any demands upon
the company may not be pref judicet! or delayed
5y that event, or if the person sueing shall go
against the person first named as defendant mot
withstandlng his death or removal from office J
! tills company shall take no advantage by writ oil
| error or otherwise of such proceeding en- that
account, Y all rccoyeries had IN manre, aforesaid
shall be conclusive upon the company, so far as
to render the company's said JOINT stock or pro-
perry liable thereby and no further, and the CON-
pany shall Immediately pay the amount of such
recovery out OF their joint stock, but not orhcr-
wise, and In case of any suit at law. the presi-
dent shall sign his appearance or file common
bail thereto, 1t being expressly understood and
declared that all persons dealing with the said
company agree to these terms, and are TO be
bound thereby.
ARTICLE XIX.
The directors shall keep fair and regular en-
tries in book provided for that purpose of their
proceedings, and on any question where too di
rectors shall require it, the yeas and nays of the
directors voting shall be duly inserted on their
| rliuules. and thos. m;uutss be al lines q