Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-12-11
Ew Q J. D. sIg1ns, oYAL-sTREET, ALExANDRLa.
{ No 1907

seperate property Of any present or fu. s
ture member Of this company (except4
ing as before meptionedl Apda suits
to be brought against this company {if
any shall te) shall be brought a:
gainst the president for tie time being.
or In case OF his death or renewal from
Office, pending shy suit agaip., hinli
measures shall be tskeA at the expence
of the compan. for substituting hia suoF
cessor in Office as . defendant, SO that
persons having demands upon the cons
pany may rot be pfcjudicet or delayed
BY that event; or If the person suing
shall 60 on against the person FIRST naina
ed 40 defendant, Notwithstanding his
death erEemoval from rfice9 this csm-
paDy shall take no advantage, by writ OK
error or otherwise, OF eucb proceeding
on that account: and all recovery had
in manner aforesaid, shail be conelusits
upon the company, 30 far as to render
the comPany's said joint stuck OF pro.
perty liable thereby, and DO further, and
the company shall Immediately pay the
amount OF such recovery out ct theft
Joint stock, but not Otherwise. Ano ih
case of any suit at law, the president
shall sign his appearance upon the Writ
or file common bail thereto il Being
expressly understood and dec Jared, that
all persons dealing with said con pahy
agree to these terms < arc bound there.
by; and will not require special ball
from any person for or on accoun. Of 4.
ny claim or demand nBnn the said coma
psny.
ARTICLE XIV. :.
The first dividend OF the profile 81
the company, or so much OF said profits
as shall be deemed expedient shd proper
shall be declared at such time as the die
rectors shall determine, and all fltufs
dividends hall yearly thereafter The
smcsnt of such dividend shall fIonl
tins to time he detsrsineo by tho pres
sideDt and di ectors, al a meeting held
for that earpnse, and shall in TO ease
exceed the amount Of the net profits acs
tuaily acquired by the company. SO that
the capitsl stock of the said corpsnY
shall never be in paired BY dividends
but the directors shall be stlibert, &c re-.
tain at least ono per cen.. upon The Gapir
tai paid in as fund for future eoutilk
geHcics.
ARTICLE XVI.
IF the said directors shall at any tin6
wiIfully and knowingly make o. declare
any dividend which shall impair tie said
capital stock, all the directors present
at the making or declaring of said disi4
dend. and conserving thereto, shall hs
liable in their individual capacities to thx
company, for the amount or pre- portioti
OF said capital stock, SO divideo By the
said directors, and each dilse!cr sbo
sbsll be present at the fnaking or de"
clarisg such dividend, shall be deemed
to have consented thereto, eniess he
shall immediately enter 10 eysine Ills
dissent on the minutes of the procesd.
ings of the board. and give pgblic notice
to the stockholders, that sucE diylde I'd
has been declared
ARTICLE XVII.
II any vacancy shall at any time hap7
pen among the director. By desth, fesig~
nation, or-otherwise. the residue >. he
directors for the time being, .hzll e'oct
a'dirsctor to fill the vacancy.
ARTICLE xviII.
These articles OF agreemen! shat b
published in Que newspaper IL Wa.h@
ingtop. one in Balrmort. one 10 frtdeI
ricktown, and ore in Alexandra, once q
week for one month, aud for the irrlLer
information Of all persons who Tray
Transact business with or IN any manner
give credit to said company, every bond,
bill, note, or other instrument or con.
tract, by the effect or terms Of which
the sompan, nisy be- charged, or teld
liable Tor the payment OF money. shall
specially declare, in such form as the
president ard director. she'll prescribe,
that paysent shall be mads oH> oi The
joint funds o! the Bank Of tbs Msropo.
lis. according to.lhe prsseDH ertlclss Of
associations ard not othefu So 4 copy
of the l4ih article of this association
shall be- inserted il tbs bank BOOK 81 e.
yer, person depositing hopsf o. ssher
valuable property with The saa. psry for
safe keeping, o, printed rops s'.ait be
dsliversd 10 every such pef.oC, stiors
any such deposit shall be rsrel e. rom
him. And it is hereby expressly de.
cIared, thar na engagement car legally
be made in the manic Of said company,
unless il coDiaih lin ta,ion or restric.
ton 10 the effect above rrcited ard the
company bc,ehy expressly dissyo~ all
respnntibi:l: for any debt or engage.
n1ent which may be made in their name
not containing a limitation or restriction
TO the effect azores and
ARTICLE XIII.
The compan. shall in no cNse b. osn
err. Of s,y ship or vessels, Or directly Of
indirectly he concerned in trpde. or the
il porta,ion or eSPor.eti6s put chess or i
ale Of an, goods. wares or mereheEdize