Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-26

direction OF Charles F. Mercer, Joseph
Lewis. Israel Lacy, Burr Powell, John
LttIeiohn, William holland, Isrs,el Jan.
ney and James Hcatoa, who ars ,arebs
appointed commissioners for th>l pur-
pose, and the said subscription shall be
kept open days and for FIVE hqrcs in
each day at the courthouse or st',e o.
ther public place in said town-and at
Winchester on the third Monday of No
vennber next for one hundred thousand
dollars of said stock, ander the direction
Of JOHN Mcpherson, Robert White,
Hugh Holmes, Richard P Barton, Jas
Ware, Henry St. George Tucker,
David Ridgway and CHARLES Magill,
who are hereby appointed commits.
sisners for that purpose, and said sub
scription shall be kept open three days,
and for FIVE hours of each day, at some
public plase in said town. And at War
renton on the fourth Monday of Novem-
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. Pickstt-who are hereby ap-
pointed commissioners for the purpose,
and the subscription to be kept open 8
days, and FIVE hours of each day, at
some public place in said town. And
if after q return shall have been made
BY the several commissioners to the
town of Alexandra, it shall be found
greater number of shares have been
subscribed than is directed, the excess
shall be deducted from each subscriber,
in proportion to the number by them re.
spectively subscribed, and the excess
80 to be returned shall be in stock or
money a. it was from said subscribers
received; but it 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. Aud the
Commissioners at Leesburs, Winches-
ten and Warrenton, shall Immediately
ON closing their subscription books,
transmit the subscriptions respectively
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 be made Provided always, That
it is 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 OF the per-
sons, co-partnerships or bodies polite
subscribing, or in whose behalf the sub
scriptions respectively shall be declared
to be made at the time of making the
same, and all bargains, contracts, pro-
misses, agreements and engagements,
in any wise contravcniHg this provision
shall be void, and the persons, CO part.
nerships or bodies polite respectively
SO subscribing, or for whose use the
subscriptions are declared to be made
as aforesaid, shall have, enjoy, and re-
ceive the share or shares respectively
in consequence thereof obtained, and all
the interests end emoluments thence "a
rising, as freely, fully and absolutely. as
if they had scverally and respectively
paid the consideration therefor, any bar.
gains, contracts, promises, agreements
or engagements, to the contrary not
wi,hs,arding.
ARTICLE ed. The subscriptions be.
ing closed as aforesaid, the commission
ers Aforesaid, or any three Of them shall
forthwith advertise meeting OF the SUBJ
.cribers in the town of Alexandra, Tor
the purpose OF e.ec,ing eighteen Direc.
tors, one third Of whom may be inhabl.
taDts of the Commonwc Cath of Virginia,
to organize and conGuct The affairs OF
said association, giving ten days Prevl-
oa. notice, thereof, in the newspapers OF
the town of Alexandria, Leesburg, WIN
chester, and Washington, OF the time <
Mace when and where, such election
shall b. held-and those persons who
shall be duly chosen at said election,
shall be capable of serving as Directors
bv virtue OF said choice, until the end or
expiration Of the first Monday in Janu-
ary, in the year Of our Lord one thousand
eieh, hundred and fifteen, and until o.
theirs shall be chosen, and the said Dr.
rec.ors, at their first meeting after every
election, shall choose President. No
person Director of any other Bank,
or the partner in trade of Director OF
another Bank, shall be President or d.
rector in this Bank.
Article Sd. No person shall be ell
eible to hold the office OF President or
Director, who il. not citizen OF the
United States, and q bona hde stock.
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