The Delaware gazette., 1810-04-04

concefncdi 10 comineicc,or insurance or 10 thsin-
po'saon or exPortation, purchase or sale of any
goods, wares, or merchandlze whatever, (hiIls OF
exchange. and bniion only excepted,) except
such ships, vessels, goods, wares, or nerchandze,
as shall be truly transferred, conveyed or pledged
| to them by way of security for money actually
loaned ard advanced, or for debts due owing, or
growing due to the said company, or purchased
by them to secure such debts, SO due to the said
| company, or to fleet insurance the property
| thar may belong or be thus pledged 10 the said
| company for its security.
ARTICLE XIV.
bills, BONDS, notes, and every contract and
! engage ncnt on behalf Of the company, shall be
signcl by the president, and countersigncd or at
| tested by the cashier ct the COMPANY, and the
funds of The company shall in no case he held
responsible for any contract or engagement what
ever, unless the same shall be SO signed, counter
signed atested as aforesaid, and the books pa
| pers, correspondence, and the funds of the COM
pany, shall at all tines be subject to the inspec-
ton of the directors.
ARTICLE XVI.
| Dividends oi the profits Of The company, or
Of SO much Of the said profits as shall be deemed
expetent and proper, shall be declared and paid
half yearly during tie months of January and
July in every year, except the first dividend which
shall be declared in the month of January eigh-
teen hundred and eleven, and the said dividends
| shall from time to time he determined by a ma.
joslty OF the directors, at mce.ing to he 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 sIoch thereof,
| shall never be mpafed hy Dividends.
ARTICLE XVII.
| l:ractorc eholI %. ,.,, ~
| and knowingly make or declare any dividend
which shall lnpai, the sail capital stock, all eI;-
! 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 ., proportion Of the
said stock, so divided by the said doctors, and
each director who shall be present At The making
or declaring of such dividend, sfa!l he deemed
to have consented thereto, unless he sslll n,n,c.
diately declare in writing his dssea; on ,hc min
utes Of the proceedings Of the BOARD.
ARTICLE HEliI.
it's hereby expressly and explicitly dec!arec
to he the oEjec! o. cpersonswho assoc,atc under
the firm OF the picsident aud fiie",a~a oi the
| Bank Of Wilmington and BlandyNine, that the
property Of Joint stock of said company cxclu-
sive OF the dividends to be made n the manner
herein ne@'oned, shall alone We responsible for
the debts r "a engagements Of the Company. and
. that no person WHO shall may de- will the
said company, OF to whom they shall OF may
become in any wise Indebted, shall on any pre-
tence whatever have recourse against the sepet-
a,e property OF any present or future member Of
the company, or against their persons, ,ut all
| persons accepting any bond, bill, uote or other
| contract OF this company, signed by the pres-
dent, and countersgned by the cashier Of the
company for the time being or dealing with it in
any manner whatsoever, thereby give credit re-.
| sPectlveiy to'cne JOINT stock or properly of said
company, and thereby disavow having recourse
on any present or future member Of this compa-
ny exceptas aforementioned aud all suits brought
against this company (if any shall BEL shall be
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
| shall be taken at the expcnce OF the'company for
substituting his successor in Office as defend
ant, SO that persons having any demands upon
the company may not be prcudicel or DELAY yec
by that event, or II the person sueng shall 20 or
against the person first nansd as defendant mot
| wihstanding his death or removal from Office. ]
this company shall take no advantage By writ OF
error or otherwise of such proceeding on that
account, & all rccoveres had in manner aforesaid
| shall be conclusive upon the company, SO far as
to render the company's said joint stock OF pro-
perty liable thereby and no further, and the COM
| pany shall Immediately pay the amount of such
recovery out of their joint stock, hntnot ether
wise, and In case OF any suit at law, the prcsi.
dent shall sign his appearance or file common
| bail thereto, 1t being expressly understood and
declared that all persons dealing with the caid
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
rcctor' shall require it, the yeas and nays Of the