The Delaware gazette., 1810-03-31

Polauon or expottaiion, purchase ol sale OF any
goods, w4rcF, or merchandise whatever, (bils oi
exchange. aud bullion only excepted,) except
such ships, vessels goods, wares, or merchandise,
as shall be truly transferred, conveyed OF pledged
To thcia by way Of security for money actually
loaned and advanced, or for debts due owing, or
growing due to the said company, purchased
by them to securc such d. bts SO due to the said
company, or to effect insurance ON the property
that may belong, OF be thus pledged TO the said
company Tor It's security.
ARTICLE XIV.
All bills, bonds, notes, and every contract and
engagement, on behalf of the company, shall be
signed by the president, and councrsigncd or at
tested by the cashier of the company. and the
| funds of the company shall in no case be held
| responsible for amy contract or engagement what
| ever, unless the shall be so signed, counter
| signed altestcd aforesaid, and the books pa
| pers correspondence, and the funds of the COM
pany, shall al all times be subject to the inspcc-
| 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
expedicnr and proper, shall be declared and paid
half yearly during the months of January and
July in every year, except the first dividend which
| shall be declared i'll the month of January eigh-
teen hundred and eleven, and the said dividends
shall from time to tir,c be determined by ma.
jority of the directors, at meeting to be held
for that purpose, and shall in no case exceed the
amount Of the nett profits actually acquired by
the company, SO that the capital stock thereof,
shall never be impaired by dividends.
ARTICLE XVII.
Ii the said directors shall a. any time w;lfuly
and knowingly make or declare any dividend
which shall impair tho said capital stock, all di-
rcctors who shall be present at the making or
| declaring such dividend and asserting thereto,
shall be liable in their individual capacities TO the
company, for the amount or 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, si'all he deemed
to have consented thereto, unles, he shall ,mme-
diately declare in writing his dissent on the min
utes Of the proceedings of the board
ARTICLE XVIII.
II is hereby expressly and explicitly teclarcs!
to be the object OF the persons who associate under
the firm of the nlesident aud directors OF the
Bank of Wilmington and Brandywine, tha, the
property or joint stock of said company (cxcu-
| sIve Of the dividends To be made in the manner
herein mentioned.) shall alone he responsible for
the debts and engagements Of the company, and
that no person who shall or may deal with the
| said company, or to whom they shall or may
become in any wise indebted, shall on anv pre-
tence whatever have recourse against tue seper-
ale property oil amy present or future member o!
the company, or against their persons, but all
persons accepting any bond, bill, note, or othe,
contract OF this company, signed by the presi-
dent, and conntcrsigned by the cashier Of tn,
company for the time being or dealing with it in
any manner whatsoever, thereby give credit re.
spectvcly to one joint stock or property of sale
company, and thereby disavow having recourse
on any present or future member of this c0mpa-
ny except as aforementioned and all suits brought
against this company (f any shall bel shall bs
brought against the president for the time being,
and in case Of his death, or removal from Office
pending any such suits against him, measures
snail be taken at the expenCe of the company fol
substituting his successor in Office as defend
ant, so thar persons having any demands upor
the company may not be preindiced or DELAYED
by that event, or if the person sueing shall 60 or
against the person first named as defendant mot
withstandng bis death or removal from office :,
ts company shall take no advantage by writ o
error or otherwise of such proceeding cn tha
account, & all rccoveries had in manner aforesai,
shall be conclusive upon the company, so far Al
to render the company's said joint stock or pro
perty liable thereby and no further, ald rhe com
pany shall immediately pay the amouns Of such
recovery out OF their joint stuck, bat 10, ot!c,
wise, and in case of any suit d, law, the prcsi
dent shall sign his appearance file commo,
bail thereto, it being expressly understood an,
declared that all persons dealing with the sal,
company agree to these terms, and are to b.
S bound thereby.
0 ARTICLE XIX.
+ The directors shall keep fair and regular en-
tries in book provided for that purpose Of ,hc
b proceedings, and on any question where too di
c recors shall require it, the yeas and nays of th
+, directors voting shall be duly inserted on ,he
c minutes, and those minutes be a, all times OF