The Delaware gazette., 1810-03-24


time appointed for such meeting.
ARTICLE Xxi.
These articles of agreement shall be published
IN the news papers OF the borough of Whining
ton for one month, and ior the further iaforma-
tion of all persons who may transact business
with, or in any manner give credit TO this COM
pany every bond, bill, note or other instrument
of contract by the effect or terms Of which the
company may lie charged or held liable for the
payment Of money, shall specially declare If such
manner as the board of directors may prestribc,
that pay ynent shall be made out of the joint
funds OF this company, according to the: present
articles OF this association, and not othcrWre and
copy of the Sth article OF this association
shall be inserted in the bank book Of every per-
! son depositing money other valuable propcrty
with the company for safe custody, OF a5,,lntets
copy Shall be delivered to every persoN before
any such deposit sha have been received.
| And It is expressly declared that no engage
| ment can be legally made in The name ci the said
I company unless it contains Limitation
trlction to the effect above rected, and the
pany hereby expressly dsavow all responsibility
| for any debt or engagement which may be made
in their name, not containing limitation, or re-
striction TO the effect aforesaid
| ARTICLE XXI.
Immediately en- the dissolution Of this assoca-
| ,ion effec,ual measures shall be taken by iheex-
isiing directors Tor closing all the concerns of the
company, and for dividing the capital and profits
| which may remain among the stockholders in
proportion TO their respective interests.
In WITNESS whereof WE have hereunto SET
| our names and firms the day of
in the year of our Lords one thousand eight hum
sred and ten. =
| W hereupon, on motion, y !
ReSolced, That committee of Ave persons br I:
appointed commissioners to open books for the
subscription of the capital stock aforesaid. a,a,
| that the aforesaid commissioners, or maority&
OF them shall open said books on the first Mon,
day in April next ensuing, at 9 o'clock, A. kxS.s,
At such place as tie commissioner may appoiat ),
an'' shall continue them open until o'clock,
Z. M. and shall remain open between thoss
hours for at least one day and for three days un-
less sooner filled, and if it shall So happen thaS
mere than the stipulated number OF shares shonlE
be subscribed for on the first day, 'en the cpA.
mss!oners aforesaid are to appor,on ,beN II
nloag the subscribers by deductng fronf The
highest subscriptions, amt! .hce e'e re1uscd to
The proper number or !! more persons than there
are shares, then thc commissioners to cast lots
10 decida to whom they shall belong, ard the
commissioners will, on deciding to v HON the
shares may belong, and ON the individual hold
er OF stock subscribing tine articles of associate
Oil, i5s:c receipts for the money received by them
al the time of subscribing. These receipts, wi,,l
the original subscription, shall be deemed good
evidence OF the quantity of stock to which ejch
subscriber shall be entitled in this company, but
10 person persons shall be permitted 10 sub
scribe Or the first day on which the books arc
opened for more than fen sAcrsS, nor shall any
subscriptions be permitted by PROXY on the first
]9y; and il the stock be not subscribed on the
first day, the books are to remain ppen on tle
second day on the same terms as the first, except
as to the prevention Of subscription by proxy
hnt ii they NOT filled on the second day, thee
the commissioners may permit any person Or per-
sons to Subscribe for any runhct OF shares, until
the whole number is competed & should it So
.agpen that part of the shares o this bank
shall not be subscribed for during the three fist
days allotted to keep the hooks oren, the com
missioners shall appoint place or places for the
books to remain open for receiving subscr ptons
until directors are elected who shall as soon az
convenient make the necessary arrangements
therefor: ProDMedaeoe,tkeesS, That no body poll.
fic or corporate shall be permitted to su ubscr5e
for stock in this institution.
ReSolUe4, That as soon as three thousand shares
oi the capital stock Of the aforesaid bank arc sub
scnh,d for the commissioners aforesaid shel
Immediately proceed 10 call meeting of thS
stock holders after giving at least ten days pub"
lie notice, and that the said stock holders whs!,
so convened shall elect by ballot nine directors
for the purpose of filling the blank in the Sd ar
ticle Of the foregoing articles of association, aud
when go elected the aforesaid commissioners
shall Immediately pay over ia such directors the
amount of the subscription monies IN ih0.,'
hands
Resolved, That John Way. Robert Har,ilto,,
Daniel Lowber. James Jeftres, and John To-
bert be appointed the commissioners to ac, in
conformity with the foregoing resolutions.
| Ihe uuderscned. in conforIaiy 20 their IN.