Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-12-11
Bank OF the Metropolis.
TO all 10 whom THESE Presents shaH
co1.e, or in any zuise concern

q d . 80 E . L p.
co1.e, or in any zuise concern
! BE IT KNOWN, and 1t is hereby
! proclaimed, taat we the subscribers, as.
sociatipg together, have formed COM
pany or limited partnership, and do mu-
!. tualiy agree With each other, and here
; by bind ourselves, to conduct the busi-
ness of the company, under the name &
! style OF "the President and Directors
! Of the BGHk of the Metroto.is," and
conforinabIy to the rules and regula-
l tons hereinafter specified And we Go
covenant and agree with each other, and
declare that we and all persons who at
any time hereafter may transact bust.
ness with said company, shall be bound
and concluded by these our fundamen-
| tai articles OF association.
ARTICLE I!
| The copartacrship shall be and con-
| tinue for the term of twenty-one years,
from and after the opening OF the sub.
scription, unless a charter IS sooner ob-
tained; but the proprietors of two
thirds 81 the capital stock, If the com.
pany NAV, by their conctrring votes at
a general meeting to be called for that
express purpose, dissolve the name at
any prior period Provided, that notice
OF such meeting and lis object shall be
published III one o. more of the Wash
'1stoa newspapers, once a week, for six
months previous thereto; and if the
president and directors at their FIRST
nesting after the election In the last
year of the aforesaid term, Two thirds
Of that body concurring, shall be Of OPT.
| Mon, that it will be proper and eXpe.
d'ent to continue the copartnership for
| further limited term not exceeding
/ twenty one years, they shall have power
ITO decide on the same, and shall imme-
| dia,ey make known their decision by
(. publication in one or more Washington
newspapers, s. the president & direc ors
| are hereby authorised at any tine to ap-
| ply for and accept such charter as may
] be agreed upon with the concurrence OF
| aine members of that body.
l AFpIeLE II.
The capital stock of the company
shall consist of one million Of dollar;,
money OF the United States, to be divid-
ed into shares OF forty dollars eseh, and
to be paid in the manner following, that
is to say one dollap on each share 10
be paid at the time of subscribing; one
/ dollar in forty.6ye days; two dollars IL
niaety da.s; Two dollars in one hundred
and eighty days; two dollars IN two
hundred and seventy days; two dollars
in three hundred and sixry-6ve days !;
, three dollars in two years; three doll
lars in three years; four dollars in four
years; four dollars in FIVE years tour
dollars in six years; four dollars in Sc.
!! ven years; four dollars in eight wears,
and four dollars in niae years after the
/! time of opening the subscription. And
! it shall be optional with any stockholder
[ at any time to fill up his share or shares
by the payment of the residue of the
money due thereon, and shall thereup-
/ on be entitled TO receive dividends In
/ future, in proportion to the whole a
F, noun, paid upon such share or shares !;
E! Propided, that the dividend or dividends
/ on such Sums so paid, shsll not com
[! r,ence until the first day of the month
7, next ensuing such payments Ard a
failure to make punctnally, any OF the
: said first mentioned six iastalmen,s on
any share, shall incur forfeiture OF
such share to the use of the COMPANY, OF
all tina, shall have been previously paid
thereon: and such share shall be sold
by the president and directors for the
benef, Of the company. but there shall
be no forfeiture after the payment OF ten
dollars ON each share, but such deIin-
oueet shall not be entitled to any divf-'
5end ON bis stock till all previous install
men,s are paid up. and the said pTesl'
dent and directors may, at any time, al
,er navment ofthe first six mentioned
in.,allmepts, amounting to ten dollars
on each share, restrict or reject the SAID
optional payments, and SO suspend the
p,yment of all or any of the eight subse-
event instalmen,s as in their judgement
1; may be expedien,; subject however TO
. contrary determination by the saoscfi'
hers. if such determination Should DC
/! made at any meeting provided tor oy
i these articles Of association
ARTICLE III.
The copartnership shall .ransaet IT'S
h,.;ness in the city Of Washington be-
tween I'd street west * 18th street Wesl
snd north of the Tiber, and shall COM
! menee its operation as 5000 aifeF 'hs
navn,,aat. Of the third insta'ment as CIT
cumsrances will permit.