Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-14

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AT 4 meeting Of the Trustees 81 the
alexandria Academy on the sth day Of
Noyermber 1916.
It was resolved, Tbatthe amended re-
port of the town Committee be received
and concurred in BY the trustees, and
that the following gentlemen be appoint
ed Commissioners to receive Subscripv
tions according to the 18th article Of said
report, viz. George Deneale, John
Mckinney, Robert Young, Joseph Dean
and Edmund I. Lee.
Extract from the Minutes.
Trsr-r. P. THOMPSON, see'ry.
THE committee appointed at meet
ing of the citizens Of Alexandria for the
purpose OF devising the most eligible plan
for improving the Alexandria Academy,
beg leave to submit the following -fpr the
corporation of the citizenyin so desira-
bic an object.
Ist. That nnderthe charter for incor-
porating the Academy in tie town Of AZ
1exandria, there be purchased one entire
square Of ground in a convenient situa.
ton, wherein TO erect the necessary
buildings.
Cd. That the capital stock Of the said
Acahemy shall consist of 5000 dollars,
divided into $50 shares of $50, but may
be increased to $4,000 if the trustees
shall deem it proper, which shares Saall
be transferable on the books of the Com
pany, either BY the stakeholder or his
attorney.
Sd. That as soon az convenient the
present lot and buildings, or such part as
the trustees may deem proper, shall be
sold and the proceeds vested in the new
stock thus created, but the Original SUBJ
scribers to the Alexandra Academy,
shall be entitled as now provided by law
to the right Of voting fer trustees.
4th. That petition be presented to
the Common Council OF Alexandria. pray
ing them to appropriate to the AleaaIsa
dria Academy all monies arising from
fines, forfeitures and penalties, and on
licences for shows OF exhibitions within
the town Of Alexandra, and also praying
them to subscribe for stock In the said
Academy for sum no exceeding $4,000
provided the said stock shall not other.
wise be raised and also petition to
Congress for such assistance as they may
be pleased to afford.
5th. That each share of stock in flo
said Academy, shall be entitled TO one
vote for trustees.
9th That on the stocks being subscrib.
ed for. there shall be erected on the
square of ground, such buildings for an
Academy as the trustees shall from time
to time deem proper.
9TH. That fer the present, the said Aca-
deny shall consist of two instructors Of
file higher classes, to be called professors,
Except one who shall be stiled principally
one professor Of Mathematics, and one
of the English language.
9th. There shall be taught in the said
academy system Of Architecture, a.
|eapted to the style of building in. the u
nired States, with draughts and calcula-
|tiOns.
9th. That any Surplus money, after
purchasing the necessary mathematical
apparatus, shall be applied to the pur-
chase of such shares OF stock as shall
from time to time be offered for sale.
10th. That at the expiration of thirty
years, the said lot Of ground and inn
preyements, shall be sold for college or
|other purposes, and the proceeds divided
among the stockholders or their heirs or
successors.
18th. That on the present trustees Of
|the academy passing a bye-law or ordi.
nance, declaratory Of the principles con-
Itained ia the foregoing Recommendation,
|and the Common Council making the
lgrant on their part, the same be carried
|:nto immediate operation.
10th. That the trustees do appoint
1--WE commissioners to receive subscrip-
ton, and that they b. authorised to take
i'm payment notes payable twelve and
eighteen months after date, for the num-
Der OF shares each person shall subscribe.
6. Deneule,
John .M'Kinmey,
Nm. Herbert. Jun.
John Roberts,
II E1Nl 49,. -.