Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-05-06
speedway, which with all other necessa-
~ expenses are to be betrayed out OF the
funds Of the Company.
grf;cjo O

nv expenses are to be betrayed out OF the I;
funds of the Company.
Article 9.
Each Stakeholder may at pleasure, sell
and transfer his stockpr any part thereof
anot being less tiiansone share, provide
the purchaser gives such security as Is
prescribed to subscribers, for such part OF
The stcckas ma be uncalled for or unpaid
andsfhe said purchaser shall DE entitled;
to all the RIGHTS which the previous FRO
priietor enioyed; but all debts actually
due and payable to the Company, lda5ys
| Of grace for payment being past) bya
.Stockholaer requesting a transfer, must
be satisfied before such transfer shall be
raades unless TIE President and Dlrec-
tors stall direct to tie contrary, ana u
is s(seciaied and agreed, that any sttock-
holder, 1l5o shall transfer all hls stock or
shares on atte books Of the company to a.
| any other person or persons whatever
shall tltereppcns cease to be a member Of
this Company, and that any person or
| persons whatever accepting a transfer OF
any Stock 81 shbaee in the Company, and
confronting to tie stipulations incident to
a stockhol!er, shall thereupop become 9
! the a member Of this Company according
o these articles Of associatlon.eI,
.frticle 10. ',M
! It is hereby expressly and explicitly
| declared to lie tie object and intention OF
| the persons who associate underfhe name
/ ortiilm Of tie President and directors OF
| the Columbian Insurance Company OF
| Alexandria, Tat tie joint stock or pro-
perry Of TIE said company, exclusive OF
! dividends to be made in the manner here
after mentioned, shall alone be response
bic fo. the debts and engagements OF the
! said company, AID fiat no person who
shali or may deal with this company, or
TO WHOM they shall Or may become IN
debted in any wise, shall on any pre-.
, tence whatever haze recourse against the
seperate property OF any present or fu-
ture lnasnber OF this company or against
their persons, exc ting the officers and
servants Of said company in regard to tie
/ faithful discharge Of their respective du-
f, ties in'tbe conduct gf tie affairs and adj
, nllnistratioa o. tie FUNDS OF tie company;
BAT al persons accepting syy poiicy,
botd, Oil note or otner instrument OF
contract Of this company, signed by the
president and coantersiSued ar attested
+! By tie secs et&ry If tie company Tor the
tine beng, OF ceaiiug With 1t IN any man
ner whatsoever, thereby respectively give
credit to &c SAID J8Lt STOCK OF property
OF the said c0inpaaT, and thereby re-
specslte}y y'isatoN h2vins recourse on a
FAY pretence Whatever to the person or
sepeEate property CT am present or tn-
tire ilemter Ct this company (eGcepting
as before iaeaGonedl. And all suits to
be brcg.,lit against is company, SHALL be
brought agaiDstthe President iog~the time
beif&, and IN case Of bis feath or reno
val from Office pending any suit against
him, measures sail be taken at She en-
pence Of the company Fer substituting his
SUCCESSOR IN Office as defendant, SO that |
persoAs having demands on Ire company
NAV nc! be- )ieIudicedor delayed by tat
event; CT little persons suing shall 50 OF.
AGAINST tie ,erSon ilrot named as detend-
ant, notwithstanding bis death or reno
yaiii'5ia oiliee) this company shall take
DO ADVANTAGE 10y writ Of e,ior or other
wise, Of sVcH proceedings OF that ac-
count. AilG ali recovery rad IN manner
aforesaid. shall be conclusive on the com
paAy SO far DIS to renter the compalys
SAD Joint stock CT ITo. erty liable there
By ana I'D farther, and tie company stall
immediately lsay,, the amount OF sdch re-
co1ery cat Oh tie JOINT stock, but not o.
therWise. thdin case It any suit at law. !
tie president shall sign his appearance on
tie writ Oh he cel4nIOii ban toelet0, 1t
being expressly understood and declared
tihat all Fefsoas dealing witt said conlpa-
~ ayEee to these terms ;.s.G ale Bonnd ;
theteb., al,d Nil jlotrcsF lrc s. eclal cal
!yonA any PERSON Ior ana I'll account q a
~ Gain. or GeA.aMd Grol the sald- COM
pany.
CRITICIZE Ii.
The President aad Directors shall have
iuIl power and authority TO maAe insu-
4nce3 Oh vessels, cargues, freight, or O.
tuel' pro- ert;, to lead money OK bottin-
~ OF les Ecil,ientia, and further to make
insnraA,es on houses, Louseiio.d }uihi-
ture. gooos, wares AID merchandise and
on any anu every other description CT
property insulable against file. AID for
tie lugrose of iacintatiug business, the
hcacd of Nrectius may authC;jse the