Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-10-30
ARTICLES. OF ASSOCIATION
OF THE
UNION B.fRK OF ALEYlN-
DRI.1.

TO all whom these presents shall
come or in any wise concern.
Be il known, and it is hereby declar-
ed, that we the subscribers associating
together, have formed a company OF Ii
mited partnership, and do mutually a
uree with each otper. and hereby bind
ourselves to conduct the business OF the
said company in the Town OF Alexandria
according 10 the rules hereinafter pre-
scribcd, under the maine aud atlle OF the
presi4ent and Directors OF the Union
Bank Of Aieraa3ria And by these oar
Fundamental articles OF association, do
hereby covenant and agree with each
other, that We, aud all persons Who may
hereafter transact business with said
company, shall DC bound and concluded.
ARTICLE /. The Capital stock OF
the said Company may consist 81 ons
million of dollars, divided into shares OF
twenty dollars each, 10 be paid IN 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 10 Alexandra from the common
wealth of Virginia, which said one tenth
may be paid either at the time OF
subscribing, or at any future payment,
at the option of the subscriber, towards
constituting the funds Of said company.
The subscribers paying In road stock
shall deposit at the nme OF payment OF
said stock the certificate or Certificates
thereof legally made out, and signed ac-
cording TO 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 and Directors of such
road company, and snch certificate OF
stock shall he accompanied with the pow
or OF attorney of such Subscriber autho-
rising the transfer Of such road stock to
the Union Bank Of Aiera'siria lac
FIRST one twentieth, towards constituting
the funds of said company shall be paid
aethe tune OF subscribing. One twenu-
eth more, in sixty days thereafter. One
twentieth more IN thirty days thereafter,
and three twentieths more IL thirty days
alter the last mentioned payment, after
which the Bank shall go into operation.
The remainder to be called Tor IN sncn
naymcHts as The President and Directors
my deem proper, provided they do not
call for any payment 10 less Tine than
tbirty DAYS from the time notice OF suca
payment is gwen Ia the newspapers III
Alexandria, Leesburg and Winchester,
nor lor more than two dollars OH each
share At any one ,ine. The subscription
for filing up SIX hundred thouSand dol.
lars of saf,l stock shall! be opened at the
House in the town ct alexandria
on Monday,he III ,,ar OF Nov next, under
the direction of George Taylor, Thomas
Janney, Jacob Morgah John Mckinney,
Jonathan SchuIield, William Iollife,
Isaac Gibson, Charles Siade, William
III. Brown, John B Patton, Craven /.
Pey;on, David Ross, William Herbert,
Jun Amos Alexander, Daniel McPher-
son, * Thomas w. PeYton, who are here
by appointed commissioners for that
purpose, which said subscription shall
be kept open for 5 days aud for hive
hours in each day-and at Lecsburg the
second Monday Of November next FOR
10000 dollars OF said stock, under the
direction Of Charles +. Mercer, Joseph
Lewis, Israel Lacy. Burr Powell, John
Little John, William Noiand, Israel Jam
neY and James Reaton, who are hereby
appointed commissioners for that Dur
p,,se, and the said subscription shall DC
kep, open 5 days and for five hours IN
each day at the courthouse or some Q.
tier public place in said town-and at
Nrl,hcster on the third Monday OF No
ve,ober next for one hundred thousand
oa.'ars 0f said stock, under the direction
Il ;sm Mcpherson, Robert sWhte,