The Alexandria herald. [volume] (Alexandria [Va.]) 1811-1826, 1813-12-08

the Bank of the Metropolis, that tho Joint
stock or property ef the said company, cx
elusive uf dividends 10 be inade in tho MAN.
Rer hereinafter mentioned, shall alone be
responsible for the debts and engagements
Of The said company: and that no person
who shall or may deal With this COMPANY,
or 10 whom they shall or may become in
any wise Indebted, mail on any pretence
whatever have recoui Sc sgein,t tbs sepa-
rate properly of arr present or future
member OF THIS company or against their
persons, excepting the officers and ssr.
vans OF said company, in regard to the
faithful discharge of their respective du-
ties in the conduct Of the affairs and admi-
plstration of the funds Of said company (;
but all persons accepting any bond, bill or
note, or other contract Of this company,
signed by the president and countersigned
by the cashier of the company for the time
being. or dealing with il in any other man
ner whatsoever, thereby respectively give
credit to the said Joint stock or property
OF the said company, and thereby respcc-
tiyoly disavow having recourse or any pro-
,sncO whatever to the ps.son or separate
property Of any present or future member
Of this company Excepting as before naen-
tiopcd) And all suits TO be brought against
this company, (if any shall be) shall be
brought agains, the president Tor the tims
being. and in case OF his death or removal
from Office, peading any such suit agGins,
him, meausres shall be taken al the rxpencc
Of the company forsubstiutmg his sue cessot
10 office as "a defendant, so that persons hav.
ing demands upon the company may no, be
preJudiccd or delayed Sy that event; or
If the person suing shall 60 on sgains,
the person FIRST named as defendant, mot.
withstanding his death or Yemcval from Of
hte) thi. company shall take no advantage.
by writ of error or otherwise, OF such pro
cseding On that account; and all recovery
had III inNnasr aforesaid, shall be conclu.
sivs upon the company. SO far as 10 render
the company's said join, stock or properly
liable thereby, and no further; and the
company shall Immediately pay the amour,
OF such recovery out Of their Joint stock.
but not otherwise. And ia case of any sui
at law. the president shall sign his appear
ance upon the writ, or file common bali
thereto; being expressly understood and
declared, that I'll persons dealing with said
company agree to these terms and are
bound thereby; and will no, require spo-
cial bail from any person for OF on a coun,
ofany claim Or demand upon the said com
pany.
ARTICLE XIV.
The first dividend of the profits of the
company, or SO much Of said profits as
shall be deemed eypedient and proper
shall be declared at such time as the di
rectcrs shall determine, ard all future di.
vidsnds half yearly thereafter. The a
mount of said dividend shall from time 10
tins be determined by the president and
directors at a meeting held for that pur.
pose, and shall in no case exceed the a.
mount Of the net profits actually acquired
by the conpsny, 40 that the capital stock
OF the said company shall never be impai
ed by dividends but the directors stall
al liberty TO retain at least one per ces,
upon the capital paid in as i fund for futu;s
contingencies.
ARTICLE XVI.
1T the said directors snail a. any tim
wiIfully and knowingly make or desla,
aAy dividend whish shall impair tho sal,
capital stock, ali the directors present 2
the making ~ declaring OF said dyiIonl
and consenting thereto, Shall be liable IL,
their individual capacities to the company
Tor the amount or proportion of said ca
pItai stsck, so divided by the said direct
ors; and each director who .hall be pr
sent al the making or declaring such tlivi
deDd, shall be deemed 10 have consented
thareto, unless he shall Immediately enter
in writing his dissent on the minutes Of The
proceedings Of the board, and give public
notice TO the stockholders, that such divi
dsnd has been declared.
ARTICLE XVII.
IT any vacancy shall at any time happer
among the directors by death, resignation