Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-26
ARTICLES OF ASSOCIATION
OF THE
UNION BANK OF ILEXaN-
DRIA.

TO all whom these presents shall
COME Or in any wise concern.
Be it known, and it is hereby declar.
cd, that we the subscribers assoclating
together, have formed a company OF lie
mited partnership, and do mutually a.
gree with each other, and hereby bind
ourselves to conduct the business OF the
said Compan in the Town Of Aiexand la
according to the rules hereinafter pre-.
scribed, under the name and stile OF the
Pyesisens and Directors Of the Union
Bank of .dlerandria--And by these Our
Fundamental articles of association, do
hereby covenant and agree with each
other, that We, and all persons who n,ay
hereafter transact business with said
company, shall be bound and concluded.
ARTICLE LIST. the capital stock OF
che said Company may consist OF one
million Of dollars, divided into shares OF
twenty dollars each, to be paid 10 the
proportion of nine. tenths in money and
one tenth in the stock, at par, OF any
incorporated road company, OF such
roads, or their branches, as lead d.
rec;ly TO Alexandra from the common
wealth of Virginia, which said one tenth
may be paid either at the time OF
subscribing, or q, any future payment,
at the option of the subscriber, towards
constituting the funds OF SAID company
The subscribers paying IN road STOCK
y deposit at the time OF payment oi
Sex the certificate or certificates
thereof legally made out, and signed &C
Cording 10 the laws of such 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 according to the orders OF
the President aad Directors OF such
road company, and such certificate OF
stock shall be accompanied with the pow
or of attorney Of such subscriber autho-
rising the transfer Of such road stock to
the Union Bank Of .Aerondr1a' he
FIRST one twentieth, towards constituting
the funds of said company shall DC paid
at the time Of subscribing. One twentl-
eth more, in sixty days thereafter. One
twentieth more in thirty days thereafter,
and three twentieths more In thirty days
after the last mentioned payment, after
which the Bank shall go into operation.
The remainder to be called for 10 such
payments as the President and Directors
may deem proper, provided they DO not
call for any payment IN less time than
thirty days from the time notice OF such
payment is given in the newspapers III
Alcxandria, Leesburg and Winchester
nor for more than two dollars on each
share Ut sny one time. The subscription
for filing up six hundred thousand d"i-
lars of said stock. shall be opened at the
Court House in the town OF ASxand'ia
on Mondayth the Is, day of N6v.next, under
the direction of George Taylor, Thomas
Janney, Jacob Morgan. John Mckinney
Jonathan Schol6eld, William Jolliffe,
Isssc Gibson, Charles Slade, Wi'iiam
II. Brown, John B Patton, Craven J..
Peyton, David Ross, William Herbert,
i'm. Amos Alexander, Daniel McPher.
son, & Thomas w. Peyton, who are here.
BY ap pointed commissioners for that
purpose, which said subscription shall
be KEEP, open for days and for i've
hours in each day-and at Lccsburg the
second Monday of November next for
100000 dollars OF said stock, under the