Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-26
to the satisfaction of the President and
liractors for the faithful performance

10 the sati.faction Of the PRECEDENT and
directors for the faithful performance
Il the duties Of their several officers.
Article II. All bills, bonds, notes and
every other contract or engagement on
behalf Of the company shall be signed
" the President and countersigned by
the Cashier, and the funds of the com.
pauy shall in no case be liable for any
contract or engagement unless the same
shall be signed and counterstgneo al
aforesaid, and the President and Direc.
tors shall not issue any note for small
er SUN than one dollar.
Article -. In case Of the death,
disqualification or resignation, OF the
President Or any Director, or any On
Ger or Servant of the said Association,
the Board of Directors may, at their next
meeting, fill such vacancy-And In Case
of sickness or necessary absence OF the
President, his place may be supplied by
a Director to be appointed President
pro tempore, by the President, and on
his failing to make such appointment
by the Directors.
Article IA. A number of Stockhol'
ders not less than forty who together
shall be pro7rietors of twenty thousand
shares or upwards, shall have power at
any time to call general meeting OF the
stockholders, for purposes rel't've 20
the institution, giving at least six weeks
notice in one or more newspapers in the
Town of Alexandra, Leesburg & Win.
chester, specifying in such notice the
object or objects of such meeting.
Article Is. If any stakeholder should
fail to pay up the several installments
upon his subscr iption, as the same may
become due, his dividends upon such
miscellaneous as he may have paid shall
cease as to him, and remain 10 the use
and benefit of the other members of the
company.
Article Is. The President and Di-
rectors, shall as soon as they may deem
it expedient, declare dividend OF pro-
fits, and every half year thereafter shall
make and declare such dividends of pro.
fits as they may deem proper, provided,
such dividend shall not impair the Ca.
pital stock; but no dividend shall be
declared except by majority of all the
Directors.
Article II. This institution shall con.
tinue until the first day of January, in
the year of our Lord one thousand eigh.
hundred and thirty four, but neverthc-
less tbe propristsrs of two thirds of the
capital stock Of said company may, by
their concurrent votes, at a general meet
ing to be called for that purpose, dis.
solve the same at an earlier period !:
Provided, That notice of such meeting,
and its object, shall be published in two
or more newspapers, printed within the
district of Columbia, for at least three
nonths. successively, previous to the
time appointed for such meeting.
Article ls. The President and Diree.
tors are hereby authorised and required
TO petition Congress, and adopt such
means as may be proper, to obtain q
| charter of incorporation, in conformity
to these articles of association, or as
| nearly so as may be practicable, by which
charter the members of this a,sociati on
shall be bound, unless the President and
Directors shall dissent to the acceptance
of the same, and call meeting Of the
stockholders, in consequence thereof,
who shall at such meeting, to be called
and held, within sixty days from the
passage of such act of incorporation, de.
termine Oh the acceptance or refusal to
accept of such charter OF Incorporation
Article l9 On the dissolution of this
association, or whenever the same shall
be determined on as aforesaid, effectual
measures shall Immediately be taken by
the President and Directors, then in Of
fee for closing all the concerns Of the
corporation and for dividing the capital
and profits which may remain among
the stockholders, in proportion to their
respective interests.