Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-11-02
ARTICLES OF ASSOCIATION
OF THE
UNION B.a.VK OF ALEX.aN-
DRI.1.

~ Ill WnOlu tuOsC pISSChtS SheAA
como or in any wise concern.
Be it known, and it is hereby declar.
ad, tina, we the subscribers associating
together, have formed company OF II.
mited partnership, and do mutually a.
gree with each other, and hereby bind
ourselves 10 conduct the business, OF the
said company in the Town Of Alexandria
according to the rules hereinafter pre-
scribcd, under the name and stile OF the
President and Directors Of the Union
Bank Of .Alera1dria-And by these Our
fundamental articles Of association, do
hereby covenant and agree with each
other, that we, aud all persons who may
hereafter transact business with said
company, shall De bound and concluded.
ARTICLE !. The capital stock OF
. the said Company may consist OF one
million of dollars, divided int shares OF
twenty dollars each, to be paid IN the
proportion Of nine-tenths in money and
one tenth in the stock, at par, OF ao>
incorporated road company, OF such
roads, or their branches, as lead dl-
rec,ly to Alexandra from the common
wealth of Virginia, which said one tenth
may be paid e,ther at the time ~
subscribing, or at any future payment.
at the option Of the subscriber, towards
constituting the funds OF said company
The subscribers paying ia read STOCK
shall deposit at the time of payment OF
said stock the certificate or certificates
thereof legally made out, and signed &C
cording to the laws of such companies,
with an endorsement thereon by the
President or Treasurer of such road
compsny, that the whole amount of
which such stock consists, has been paid
and satisfied according TO the orders OF
the President and Directors OF such
road company, and such certificate OF
stock shall be accompanied with the pow
er Of attorney of such subscriber autho-
rising the transfer Of such road stock 10
the Union Bank Of .dtera'Ndr1a 40
first one twentieth. towards constituting
the funds of said company shall be PAID
nj the time Of subscribing. One twent-
eth more, in sixty days thereafter. One
twentieth more in thirty days thereafter,
and three twentieths more in thirty days
af,er the last mentioned payment. ate
which the Bank shall go into operation.
The remainder to be called tor In such
payments as the President and Directors
NAV deem proper, provided they do not
d, call for any payment in less time than
thirty DAYS from the time notice OF such
payment is given in the newspapers In
Alexandria, Leesburg and Winchester
nor Tor more than two dollars on each
share al any one time. The subscription
for Filing up six hundred thousand dol
lars of said stock. shall be opened at he
COURTHOUSE in the town OF Alexandra
ON Monday shs st day of Nov next, under
the direction of George Taylor, Thomas
Janney, jacob Morgan John McKlnney,
jonathan Scholheld, William Joliitfe'
Isaac Gibson, Charles Slade, William
III. Brown John B Patop, Craven l..
pev,on. David Ross, William Herbert,
Jun Amos Alexander, Daniel McPher-
son, * Thomas w. Peyton, who are here
by appointed commissioners Tor that
purpose, which said subscription shall
be kept open for 3 days and tor hve
hours in each day---and at Leesburg the
second Monday of November next tor
10000 dollars Of said stock, under the
direction of Charles F. Mercer, Joseph
LeSis, Israel Lacy, Burr Powell, John
Li,tiejnhn, William holland, Israel jan
ney aud James Heaton, who are hereby
appointed commissioners for that pur-
pose, and the said subscription shall DC
kept open days and for five hours IN
each day at the courthouse or some o.
th,r public place in said town--and at
Winchester au the third Monday of No
senAsr next for one hundred thousand
d,!:rs &c said stock, under the direction
OF joan MCPHERSON, Robert Whites