Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-05-11
r,ent. unless the same shall be signed ana
countersicned in the manner before inensio'i-

wont. ,,le,s the same shall be signed ana
coun,ersigned in the manner before inen'io si
ed. ~. a.. hooks.
s,s be il further enacted, That the DOCKS
t,rd. = n,ners of the said society, shall De SUD
-, >, the inspection and examination 0. inc
ss.;d sot;e,v ~ a general meeting, or OF any
committee appointed from time 70 un'e " :
general meeting. .,..
1,a be 4, farther enacted, That the shares
owned BY the stockholders shall be trahs!erieu
IN The books Of the society only, according 10
sn,h rules as may be Established I'D tnat re-
s$ec, NV +he managers; but.no STOCK snaii DC
IN. rred bv any stakeholder, who shall at
-. $40 he ;ndebted to the said society, Until
.uch 1ebt shall first be paid and any person
s,ho sba,, accent a transfer OF any seoch' Shall
$50 become a member OF the sad socle-
r. .na ,he share or shares OF any StocAhoider
:! go. ,dore indebted to the society, shall
always be considered as liable 1of Sech aTl.
or debts, and may be sold by the managers NJ
the nsynaent thereof, under such regulations
as they may from time TO time orosih anu e''
H1rd be il further eace.ea, That the capital
stock ard funds OF the ssid society shall alone
he responsible for its debts and engagements
ard no person who Shall or may deal with the
soeiery, or 10 whom they shall IN any manner
become indebted, shall, oh any pretence WHAT
so,ycr. hi.ye recourse to the private properly
cf. tte MANAGERS or stockholders OF the s.sac
society. or against their persons but all per-
Sol ,eceplil,e any bond, bill, note or 'otner
{ blip,1ior Of the sid society, signed 6y the
president, or dealing withit IN any lnahner'
st...li be considereu IS giving credlt on INC
joi1,t stoc. alld capitl only; and all cohtr-cls'
Dor ds, bills, rotes aid Covenants OF ahy aeho'
animation, made Gu behalf OF the socicty, ana
slpreo bv the president, shall Clearly deci;de'
that che c,pit.l STOCK and funds CT tie socle:?
only, s..i4 pe ii.ois ior the payment t:.cfeo' )
.u.u it is expressly declared ara suhdeIaeooo'
no curt;.ct OF the society w1ich SHAH Lot
clearly express the ,bility o! the properly siia
funds of the society .oniy, tdr tic Payment
thereof, Shall be obligatory.
find be- il further enacled, That dividend
shall be MADE, at the expiration OF eacli YER
of so much oil the profits OF the SID soeiStJ
capitsl STOCK as Shall be deemed exFetisnt,
and the same shall be determined by hlajorl-
ty Of the board Of managers st meeting TO
ne held fui thai purpose, which diYldela 'i'ai'
IN no Case cXcetd the amount OF the hett pro-
fits actually acquired BY the Said society, IN on
der that the capital stock may never be Oh
minisEed.
and be it further enacted, That the presi-
dent, managers &rd clerks or officers, which
NAV bc empioyed by the said society, Snail,
before they eltnr Oh the duties OF their res.
pectivc Offices. t.ke an c.th, tor the due and
faithful eriorm.,l,ce thereof. Inc pre- jdent
shall os the principal aGelt, undcF the o!:ee-
ton OF the ,1.nagtrs, ;or ctr.y'ag ON the ou-
.iness Of the society. IT shall I"r h,s services,
be entitled to such compensation as shall De
allowed by the rIaragS,s.. ,..,.,r
. .and BE- IL flr:hrr enacted, That the trea-
surer shall keep the books of the said socitty,
which shall coi.taina Just and Fair account OF
the receipts ;nd expenditures ard all ether
trans. csiops relating to Sac society, and Shall
do ard perform all the business appertslning
to that office He shall, before he enters upon
the duties ct that omce, enter lnto bond with
sufficient security in such sum as shall be iix-
ed on by the, board Of managers, conditioned
for the faithful discharge OF the duties of his !
Office, which bond may at any time be put IN
suit BY tbe president and managers OF said So
ciety, for any rn.lfeasance OF. lnisfeasance in
Office, or Ior any misapplication or nop.pay-
ment Of any sum or, sums Of money, which
he may at any time receive for, or, on account
of said society, and shall either refuse Or neg.
lcct to ply away, in such manner as the BOARD
Of managers may from iti'sle TO time prescribe.
ard order
: md .yhtrers, the said society may hereaf.
ter find it expedient to enlarge their plans Of
operation, and extend its views, SO that an In
crease of its capital may become necessary
Be it therefore enacted, That the SAID socie-
ty shall have power and authority by snbscrip-
ton to increase its ca ital stock to an amount
not exceeding the sum OF Twenty Thousand
Dollars, whenever a+najorlty Of stockholders,
who shall be the owlitrs Of at least one half Of
the original capital stock, shall deem it adyisa-
Bile and expedientto do so; and, before any
subscription shall be opened for the purpose
of increasing the said capital stock, the presi-
dent and managers shall convene the stock
holders for the time being, for the purpose of
aseertaining their opinions upon the subj
and if a majority of them, who shall be the
owners Of one half the capital stock at least,