Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-05-02


sand eich, hundred and ten, and Of the
Commonwealth the thirtt-hsth-
AN ACT,
Ineortorating manufacturing Society," IN Me
Torn of Oeeoquan in the County o. Fr'i"ee
Wiuiam, PASSED January AN, ISL.
Be IT ENACTED, by the General 'Sssemof9'
That Richard NJ. Scott and Charles lyler'
Jun. of Fairfax John fanny and JosePhDcane'
of Alexandria; William Brent, )un. and 'ohn
T, Brooke, ofS.sn'ord Nathaniel Elllcott ard
John Spence, of Prince William; Charles T.
Mercer and William Nolans, OF Loudoun
,,J C,,stavus 3. Homer and John Love, OF
F,uouier, gentlemen be and they arc hereby
annointed commissioners to receive subscrip-
lions 70 the amount of Forty Thousand Dol
lars for the purpose of establishing Manuiac-
turing Society a: the town Of Occoqusn, in the
county of Prince William, which sum shall
be divided into eight hundred shares OF tlliity
dollars each, and the subscriptions be made
in person or by power of attorneys Virginia
currency. Every person at the time OF SUD
scribing shall pay to some one OF the co'nnhS-
sioners, the sum of ten dollars tor each share
bv him subscribed, to be by the said commits
sioners paid to the president and managers
who shall be elected agreeably to this act,
and the said president and managers Shall
have power to demand from the subscribers
from time to time, such advance on their res
nec,ive shares, IS the wants of the society may
REQUIRE, until the whole of their subscriptions
shall be paid, giving at least ono months no.
tice thereof in an A!eAN3t:,a newspaper, at
the court-hcuse Of the Said county, and IN the
town OF Occouuan and on failure or non
pa, ment of such portion on each share, as
Shall be called for by TIC aid president aud
managers, the share CT shares subscribed tor
bv any such delinquent party or parties, and on
which such failure or default may have hap
pencd, shall be forfeited to the use Oh tie So
ciety with such sum or SUMS as may naTc
been paid for OF. on account OF such share OF
shares: That the subscribers to the said So
ciety shall be, and they are hereby created a
body polite and cooperate by the name and
style of " The Occoquan Manufacturing 3d.,
eicty,' and shall so continue until the hrst
day of January one thousand eight hundred
and thirty, and no longer, and by til',t name
shall have succession, with power to hold, con-
vey and purchase property, both real and per-
sonal, for the use of the said society, and :
shall be able to sue, ard be sued, plead and be
implicated in all courts e &,w OR equlty"'
and to ordain and make such byc-iaWs, rules
and regulations, not contrary TO the laws o!
,nis state or of the United States, as appear,
necessary for conducting the affairs OF the So
cictV md to Lave all The powers and privileges,
arid 10 do and perform all things incident to a;
corporation.
md be 1t further enccsed, That genera!
meeting of the stockholders shall be holden
on he second Monday in April in each and |
every year, at the town OF Occoquan, for the
election Of FIVE managers, to serve tor one
yesr, from the date oftheir election, and until
other managers are appointed: notice OF such
meeting having been given at least thirty days
before it takes place, by advertisement i'll an
Alexaneri:. newspaper, and at Ocecquan.--
Each manager shall be a, stockhoider. and shall
cease to be manager if he ceases to be
stakeholder. Vacancies in the board or,
managers, by death, resignation or other.
wise, shall be Immediately supplied by
the other managers, until the succeeding
election. In elccting managers, the stock
helders shall be entitled to vote accord
ing to their number of shares, and in the fol-
lowing proportions, THAT IS 10 say, iOI one
share and not more than two; one vote for eve
~ share above two and not exceeding ten;
one vote for every four shares; aboye ten and
not exceeding thirty, ore vote for every six
shares; above thirty, ore vote for every ten
shares. Absent stockholders may vote by.
proxy, whose authorities to vote shall be au-
thenticated in such form as the managers may
prescribe but no person shall vote as proxy,
unless he be stockholder.
find be it further enacted, That the rrana-
gers, at their annual meeting, shall elect one
of their members as president; and that any
three of the managers, the president being
one, shall constitute board for conducting
the affairs of the said society; and in the ab-
sence of the president, any three managers,
having met, may appoint president pro tent
pore.
ind be i. further enacted, That majority
Of members of any number. of Stockholders,
owning one half the amount of the capital
stock, shall be necessary to constitute gene
fal meeting.
find be, it further enacted,. That the affairs