Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-28
ARTICLES OF ASSOCIATION
OF THE
UNION BANK Of .iLE1.aN-
DRI.i.

III all WHOLE thSsS PiSoShSS sh~'A
come OIL ia any wise concern.
Be it known, and it is hereby declar-
ed. that we the subscribers associating
together, have formed a company OF IL
n,i,ed partnership, aud do mutually a.
gree with each other, and hereby oind
ourselves to conduct the business OF the
said company in the Town of Alexandria
according 30 the rules hereinafter pre-
scrihed, under the name and otlie OF the
President and Directors Of the Onion
ponk of Alexandria Aud by these Our
fundamental articles OF association, do
hereby covenant and agree with each
other, that we, and all persons who may
hereafter transact business with SAID
company, shall be hound and concluded.
ARTICLE /. The capital stock OF
the SAID Company may consist of one
million Of dollars, divided into shares OF
twenty dollars each, to be paid IN the
proportion Of nioe-tenths IN monry and
one tenth in the stock, at par OF an}
incorporated road company, OF such
roads. or their branches, as lead di-
rectly TO Alexandria from the common
wealth of Virginia, which said one tenth
NAV be paid either al the ilme o.
subscribing, or az any future payment,
at the option of the subscriber, towards
constituting tue funds of said company
The subscribers paying in road stock
shall deposit, at the time OF payment OF
said stock the certificate or certificates
thereof legally made ont and signed &C
cordiDt, m the laws u snch companies,
with an endorsement thereon by the
President or Treasurer OF such road
company, that The whole amount OF
which such stock consists. has been PAID
and satisfied accordion TO the orders OF
the President and Directors of such
road company, and such certificate OF
stock shall be accompanied withthe pow
er Of attorney Of such subscriber autho-
rising the transfer of soch,rosd stock 10
TIE Union Bark Of .3lcrafHlrta se
FIRST one twentieth, toward, constituting
the funds of said company shall be paid
at the time OF subscribing, One twenu-
eth more, in sixty DAYS thereafter. One
twentieth more in thirty days thereafter,
and three twenlieths more in thirty days
alter the last mentioned payment, after
which the Bans shall go into operation.
The remainder to be called for IN such
raynca,s as,he President and Directors
NAV deem proper, provided .hcy do not
call for any payment in less time than
thirty DAYS from the tio1e notice OF snco
payment is given IN the newspapers IN
Alexandria, Leesbutg and Winchester,
Nor Tor more than two dollars on each
share at any one time. The subscription
for filing up six hundred thousand dol.
lars of said stock. shall be opened at The
Court House in the town of Alexandra
on Monday the Isl day OF Nov.next, under
the direction of George Taylor, Thomas
Janney, Jacob Morgan, John Mckinney,
Jonathan SchasheiA, William Joilitfe,
Isaac Gibson, Charles Siade, William
Fl. Brown. John D Patton, Craven /.
Pey,on. David Ross, William Herbert
Jun. Amos Alexander, Daniel McPher.
sou, & Thomas w. Peyton, who are here
BY appointed commissioners for that
purpose. which said subscription SHALL
be kept opcn foe 3 days and tor hive
hours in each day---and at Lccsburg the
second Mundas Of November next tor
10000 dollars OF said stock, under the
direction Of Charles T. Mercer, Joseph
Lewis, Israel Lacy. Burr Powell, John
Iitieiohn. William holland, Israel JAM
nes aud james Heaton, who are hereby
appointed commissioners for that pur-
pose, aud the said subscription Shall be
kept open 8 days and for Ave hours IN
each day at the courthouse or some o.
,hrr public place in said town-and at
Winchester an the third Monday of No
seaber next for one hundred thousand
da.hrs Of said stock, under the direction
ef John Mcpherson, Robert White,