The Alexandria herald. [volume] (Alexandria [Va.]) 1811-1826, 1814-03-16

To incorporate Fire Insurance Company
in the Town of Alexandria, in the Dis
trict OF Columbia.
BE il enactrdby thr senate aad hoRSe Of
RrHreSenfatipcs Of me United States Of IL
mericu in ceHgrtss assemblies l hat those
who shall bccoms subscribers 10 the con-
pauy, their successors and assigns shalt
be and they are hereby created body pc
Etic, by the name and stile of the F,re
insurance Company o; Tie town OF Alex
an;iria : and shall by that name have sue
ccssion, and shall DC able 20 sue and be SUI
Cd implcad and be in,pleadeG III all cour, S
OF law i'm The United States.
See. . ind be il .furfhcr enacted, That
subscription be opened in The town o. A
Iexauclria, under the direction of James
b Nickcjls. Cuthburt Powell, Jonah
Thompson, Thomas Vowell James II.
Hoos, George Taylor. John M'Kenpy +,
Philip Triplc,t, Craven I Peyton and Ma
thaniel Wa,tlcs or . majority OF them for
raising a capital stock Of two hundred and
iiftv thousand dollars in shares of twenty
five dollars each; and that each pcrsen
upon subscribing payto the persons above
mentioned, five dollars upon each share
SO subscribed for; aud that the remainder
Of the said twenty-five dollars shall he SC,
cured by nci otiablc notes, signed and en-
dorsed 10 the satisfaction OF the aforesaid
James 3. Nichols, Cuthbcrt Powell, 10.
nah Thompson, Thomas Vowel, and Jas
II iloee. George Taylor, John N Kenney,
Philip rriplett, Craven Z Pcyton aud Ma
thaniel Waltles, or E'aIority OF them,
and payment thereof may be thereafter de-
manded at such times and i'll such pro
portions as tho president and directors
hereafter mentioned shall judge adyises
bic, giving six weeks no.ice in at lcas,
three of The gazettes printed in the dis.
trict of Columbia.
Sec. 8. Ind be f further enacted, That
every subscriber shall be entitled 10 vote
by himself, his agent, or proxy appoint
ed under his hand and seal, attested BY
two witnesses, at all elections made by
virtue Of this act, and shall nave as many
votes as no holds shares. as lar as leU
shares one vote for every FIVE shares,
which he may hold over ten shares, as
lar as Fifty other shares and one vote Tor
every thirty shares which he may hold O.
yer sixty shares. Ard every stockhoidGg
mot in debt TO the company may at plea
sure, in person. or by power Of attorney
assign and transfer his stock III the com.
pany, on the books of the same, or any
part thereof not being less than whole
share but NJ stakeholder indebted to the
company shall be permiited to make a
transfer or receive dividend, until such
debt is paid or secured to the satisfaction
Of the president and directors.
Sec. A ind he il furth:r enacted, That
as soon as Eve thousand shares shall be
subscribed, the persons hereby authorised
to receive subscriptions shall call inset
ing of the subscribers, giving two weeks
notice in three Of the papers printed with
in the district and the subscribers who
shall assemble III person or by proxy shall
choose by ballot, from among the stockhol-
ders, by majority of votes, twelve direc-
tors, who shall continue in Office unit! the
first Mosday in November, in the yea. one
thousand eight hundred and fourteen, on
which Monday in Nov. in every succeed
ing year thereafter, an election shall be
held for twelve directors as aforesaid, who
shall continue in Office for one year from
the time of their election, and until others
be chosen in their stead. AMI tie said di--
reciors at their frs. meeting, shall choose
amongst themselves, or the stockholders