Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-10-01

tonlmodation shah be granted, except, at
the discretion of the President and Direct
ors, to Stakeholder, and not Stock
holder to an amount exceeding the amount
of his stock actually paid up.
Article o.. IF any Stakeholder shall fail
to pay up the several instalments upon hlss
subscription as herein before directed, his
interest upon such instalments as ne may
have paid shall cease, as to him, and remain
TO the use and benefit of the other members
of this association.
A,ticle 90. If the Directors of this As
ISOLATION shall at any time wifully and
knowingly make and declare any dividend
which shall impair the capital stock, or
shall wiltuly 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 dl-
vidcnd, or violating or nfracting such tua>
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 dl'
vided, and also for any injury or damage
that may accrue ia consequence OF any such
violation or infraction as aforesaid; and
each Director who shall be present shall be
deemed to have assented thereto unless ne
cause his dissent to be entered on record.
Article "a. 1t is hereby expressly and ex-
plici,ly declared to be the object and inten-
ton OF the persons who associate under the
st;le 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 mentloned)
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
spv pre,ence whatever, have recourse a.
paipsr the separate property Of any present
or future member of this company, or a
cainst 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 ali persons accepting any bond, bill or
note. or other contract Of this company,
signed by the President, ana counters'snsa
or attes.sd by tie Cashier OF the company
for the time being, or dealing with 1t IN
aoy other manner whatsoever, thereby re-
snec,iyelv give credit to the said joint stock
or property of the said company, and there
nv respectively disasow having recourse
m anv orstepce whatever, to the person or
scparate property of any present or future
member of this company, except as ABOVE
mentioned. Ard all suits to be brought
aoa;p., ths company (f any shall be- snail
he brought against the President for the
time being, andin case of his death or re-
rooyal from office, pending any suc0 SUIT
apains, him, measures shall be tai zen, at the
,3ocnce of the company, tor substituting
his successor in office, a, defendant; so
tina, persons having demands upon the COM
n.pv NAV not be prejudiccd or delayed by
that event: Or, if the person SUNG, sFall
20 on against the person first named as de-
fendans Notwithstanding his death or re-
moyal from Office this company sha'I take
no advantage, by writ of error or othcr-
wise. of such proceeding Oh that account;
and all recoyeries, 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.
ly pay the amount of such recovery out OF
,he;r Joint stock, but not otherwise. And
in case Of any suit at law, the president
shall sign his appearance upon the writ or
GI- 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 IS. These articles of agreement
shall be published at least twenty days in the