Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-30

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Ware, Henry St. George Tucker,
David Ridgway and Charles Magill,
who are hereby appointed commits
sieners for that purpose, and said sub
soriptlon shall be kept open three days,
and for FIVE hours of each day, al, some
public place in said town. And at War
reaton on the fourth Monday of Novem-
Der next, for 10000 dollars of said
stock, under the direction of John Love,
Gustavus b, Horner, Charles Huh'on,
Thomas Hunton. William Horner,
James Morgan, Alexander Scott, and
George B. Pickett--who are hereby ap.
pointed commissioners Tor the purpose,
and the subscription to be keptHopep 8
days, aud FIVE hours Of each day, at
some public place in said town. And
if after a return shall have been made
by the several commissioners to the
town of Alexandria, it shall be found a
greater number of shares have been
subscribed than is directed, tile excess
shall be deducted from each subscriber,
in proportion to the number by them re-
spectively subscribed, and the excess
so to be returned shall be in stock or
money as it was from said subscribers
received but if the whole Number OF
shares shall no, be subscribed as, atore-
said, within the period, at the places
respectively above mentioned, the com
missioners shall nevertheless close the
subscription books, which Shall remain
closed until the election OF President
and Directors, aud so continue closed
until the President and Directors shall
think proper to open them. Aud the
Commissioners at Leesburg, Winches-
ter and lVarrenton, shall immediately
on closing their subscription books,
transmit the subscriptions respectively
taken bv them, together with the road
stock. or money so subscribed to the
Board of Commissioners in Alexandria,
where all future payments ior said stock
shall be made Provided always, That
it is hereby expressly understood that
all the subscriptions ant, the road shares
obtained in consequence thereof, shall
be deemed, and held TO be, for the sole
and exclusive use and benefit ofihc per-
sons, CO partnerships or bodies polite
subscribing, or in whose behalf the sub
scriptions respectively shall be declared
TO be made at the time Of making the
same, and all bargains, contracts, pro-
misses, agreements and engagements,
in any wise contravening this provision
shall be void, and the persons, co part
ner.bips or bodies polite respectively
SO subscribing, or for whose use the
subscriptions are declared 10 be made
IS aiopexaid, SHALL have, enjoy, and ~. re :
ceivc the share or shares rcspectivclY
in consequence thereof obtained, and all
the interests and emolunents thence a
rising, as freely, fully and absolutely, as
if they had scyeraly and respectively
paid the consideration therefor, any bar
gains, contracts, promises, agreements
or engagements, to the contrary rot
withs andipg.
ARTICLE 2. The subscriptions be.
ing closed as aforesaid, the commission
ers aforesaid, or any three of them shall
forthwith ADVERTISED meeting OF the sub
scribers, in the town of Alexandra, for
the purpose of eiectiog eighteen Direc-
tors. one third OF whom may be lD5ahi-
tants of the Commonwealth OF Virginia,
to organize and coDouct the AFFAIRS OF
said association, giving ten days prevl-
Gus notice, thereof, ia the newspapers OF
the town of Alexandra, Leeshurg, Win
chester, and Washington, OF the time *
place when and where, such election
Shall b. held-and those persons who
shall be duly chosen at said election,
shall be capable Of serving as Directors
by virtue of said choice, until the end or
expiration of the first Monday in Janu-
airy, in. the year of our Lord one thousand
eight hundred and fifteen, and until o.
theirs shall be chosen, and the said Di'
rectors, at their first meeting after every
election, shall choose a President. No
person Director of any other Bank,
or the partner in trade Of Director OF
another Bank, shall be President or Ol-
rector in this Bank.
AsTc1LE 8. No person shall be ell
gible to hold the Office of President or
Director, who is not citizen OF the
United States, and bona Eide stock
holder at the time Of election, and eve
~ stakeholder, whether he be so BY o.
riginal subscription or by transfer, shall
be considered as member OF this as
ISOLATION, and when he ceases to be a
stockholder he"shall cease to be men,
Der. So,
Article 4. Every stockholder be.
ing citizen of the United States, shall
be entitled to vote at all elections to be
holden by the stockholders, and shall
have as many votes in proportion to the
shares he or she may hold, as follows,
for every one share, one vote for eve
ry three shares, two votes; Tor every
ave shares, three votes; fsreserv ten
.a erd for every Eve