Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1812-03-03
MFCHANICS' BANK
of .aLEXJ1.NsDRI.a.

To all to zvtom fhese frescnsS Shats eo'ss
RE II known, that we the subscribers nave
agreed, and we do hereby agrees to ESTABLISH :,
. B;ok IN Alexandria, Tor the transactioh =
I.,s;.,ass under the firm and title OF the
prex;,lent Directors and Company OF tue
Msehan;cs, BANK of Alexandria; and we mere
by covenant with each other 10 DC oounu :,
the following Articles OF agreement anu ue.
clare that all persons who may hereai'ol nas !, !
,nv transaction with the SAID COMPANY s''s.'
Nc az fully concluded and bound BY SAD 1 '
-,as. =. If they had been parties thereto.
n-,c,r /. The business OF the COMPANY
.h,,,. 10 conducted under the nrm ana tltte u
shs.puss;den,. Directors and Company OIL inc =
Maahan;rs, Rank OF Alexandra, to contihuS
Car i, tern, OF twenty years, uniess sooil-
s;.s,lved. which may at any time be cnece-
=, ~, The vote of the Stockholders holding
TWO thirds of the Capital Stock OF the Ion-
n.nv. convened for that purpose oy an au.s'
t;sen,ent in the Alexandra newspapers any
one in the CITY of Washington once every week
f,r fur months prior to the meeting ana OK
,s.s.s;,r. the object for which the meeting Is
rarad Tbe said meeting for the dissolution
of the Company can only be CAREY "a. ny 80
thirds or a greater majority OF the Dnel.o
or by at least one hundred StocKhoiuei ~" :,
ING not less ten thousand Shares Oh oai'i''i
Stock. -, ,l,, For
The Directors are authorised to Apply ~,
,,,a acceft such Charter as shall be approves
e,fhv a. least twelve Directors; and shouio iio \,
fshartsr he obtained after the period hniteo
Cor the continuance Of this association, a ma
;ae;.,. &C two thirds OF the Directors may con-
3;nne tie duration for another period OF tweA-
tv.,,,e years, the Company being always Ia
he 70 he dissolved in the manner aooVe
stated. CIV
AaT1cLE .. The Capital Stock OF the oom,
..nv NAV consist of Five Hundred ihousaho
nol.ars. money of the United States TO De
Avoided into Shares of Ten Dollars each, ana
- he na;,l. in the Kramer following, that Is TO
saw, One Dollar on each Share at tne eillie "
subscribing, and One Dollar at the eSp, ~
of Sixty DAYS from that time, and one LOLA, !,
to be paid witain Thirty Days after the SECOND ~
payment, and the balance to DC caneu ~.
rhen the Directors may think 1t proper or
necessary SO to do, provided they do not Cal,
Cor any nsvmept in less than Thirty Days anu
NIT more than One Dollar on each Share AT
A. anv one time but it shall be optional WIN
any Stakeholder to pay the Whole or any All
d;tional part of the amount due thereon wlthih
S;xtv Days after the declaration OF any OlVl-
dend, and ne shall afterwards be entitled to
receive dividend In proportion to the amount
paid. On failure to pay up any OF the install
,nei,ts on the Shares subscribed, the President
and Directors shall cause the shares to be ad-
xertised in one or more of the Alexandra pa
ners and one in the City of Washington once
Il each week for four successive weeks, at
,ls exniratiofn Of which time they shall be pub
Gclv sold at the Coffee House In Alexandra
and the amount arising theretrom, after de-
frayina all expehces attached thereto, shall DC
apn.ieIl to- the use of the original owner
ARrrcI.E s. The Subscription shall be open
ed Al the Courthouse inthe Town OF Alcxandrla
on "wednesday the llth of March next, under
the direction OF Fifteen Commissioners; and
John I,ongden, Wm. Veitch, Jas {. Deneaie,
Da,, Mel cod, John Coilagen, Jas. McGulres
aoamI ,van, Mark Butts, joseph Dean, James
Sa,,derson, John Young, Isaac Entwlsle, Ro-
bem YOUNG, Peter Saunders. * John Glrd, are
,nnointed Commissioners for that purpose; *
shall continue open on that and three success
siye DAYS from 10 O'clock 4. Nj. until O'Clock
p. NJ. unless sooner filled. On the hrst and
second days, no person, company OF nody
corporate shall be allowed TO subscribe more
than $500 shares, and should the subscription
m the clese of the second day exceed the IL
mited number Of shares, the Commissioners
afoYesaid shall deduct from the highest sub
scriptions SO many shares as shall bring them
within the limited quantity after the second
slav. the subscription may be unlimited fol
any Quantity of stock notpreviously subscribed
The Commissioners after deciding TO whoa1
the shares Shall belong will give receipts to
the different Stockholders Tor the money re-
ceived of them at the time OF subscribing
which Ereeeipt Will be good evidence OF tue
$50. 60 ,,,Li.b eocl &tOcl holder