Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-11-02

ware henry Sts george tucker,
David Ridgwsy and Charles Magill,
-who are hereby appointed commits.
sisners for that purpose, and said sub
scripticn shall be kept open three days,
and for FIVE hours of each day, at some
public place in said town. And at War
renton on the fourth Monday OF Nosem-
Der next, for 10000 dollars of said
stock, under the direction of John Love,
Gustavus B Horner, Charles Hunton,
Thomas Hunton, William Horner,
James Morgan, Alexander Scott, and
George b. Pickett-who are hereby sp.
pointed commissioners for the purpose,
and the subscriptions to be kept open 3
days, and 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 Alexsndrja, it shall be found a
greater number OF shares have been
subscribed than is directed, the excess
shall, he 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 OF
money as it was from said Subscribers
received but il the whole number OF
shares shall not be subscribed as afore-
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, and SO continue closed
until the President and Directors shall
think proper to open them And the
Commissioners at Leesburg, Wlnches.
ter and Warrenton, shall immediately
on closing their subscription books,
transmit the subscripu5n. respectiveiy
taken by them, together with the road
stock or money so subscribed to the
Board of Commissioners in Alexandria,
where all future payments Tor said stock
shall DC made Providsd atyvdys, That
it 10 hereby expressly understood that
all the subscriptions and the road shares
obtained in consequence thereof, shall
be deemed. and held to be, for the sole
and exclusive use and benefit ofthe per-
IONS, partnerships or bodies polltic
subscribing, or in whose behalf the suG-
scrip.ious respectively shall be declared
20 be made at the time Of making the
same, and all bargains, contracts, pro-
mises, agreements and engagements
in any wise contravening this provision
shall be void, aud the persons, co.part-
nerships or bodies polite respectively
SO subscribing. Or for whose use the
subscriptions arc declared to be made
as aforesaid, snail have, enjoy, and re-
ceive the share or shares respectively
in consequence thereof obtained, and oil
the interests and emoluhcnts thence d
rising, as freely, iuily and absolutely, as
if they had severally and respectively
naid the consideration therefor, any bar,
gains, contracts, promises, agreements
or engagements, to the contrary not"
withstanding.
ARTICLE 2. The subscriptions be.
ing closed as aforesaid, the commission
ers afors laid, or any three of them shall
forthwith advertise meeting Of tee sub
scribers. in the town Of alexandria, Tor
the purpose of e.ecti'rs eighteen Diree-
tors, one third of whom may be inhabi-
tants of the Commonwealth OF Virginia,
to organize and conoact the affairs OF
said association. giving ten days previ-
Gus notice, thereof, in the newspapers of
the town of Alexandria, Leesburg, WIN.
chester, and Washington, Of the time *
place when and where, such election
shall be held-and those persons who
shall be duly chosen at sad election,
shall be capable Of serving as Direc nrs
BY virtue OF said choice, until the end or
expiration of the first NJ nday In Janu-
ary, in the year of our Lord one thousand
eight hundred and fifteen, and until O..
theirs shall be chosen, and the SAID Dl'
rectors, at their first meeting after every
eIec,ios, shall choose President. No
person Director of any other Bank,
or the partner in trade OF a Director OF
another Bank, shall be President or III.
rector in this Bank.
ARrcILE 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 tide stock
holder at the time of election, and eve
ry stockholder, whether he be SO by o.
riginal subscription or by transfer, shall
be considered as a member OF this as
ISOLATION, and when he ceases 10 De a
stockholder he shall cease to be mem
Der.
Article 4. Every stakeholder be-
inc a 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 Tor eve
ry three shares, two votes; Tor every
FIVE shares, three votes; Tor every ten
shares, FIVE votes and for every 1--we
ana unte no share or