Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-05-02

ROBERT 1OuIlS, llUuta2 s.I.ss,,, =. -sgs-
I smith. John jackson, John GIrd, George
kColeman. Joseph Vaudeville, PHILIP Trip
| latt sIames Anderson, George Faylor,
EerS;n,nd Marstelfer, Daniel Soners 8
| yy;ll;am Hodqson. notice of the same be-
;nr advertised in The Alexandra lfewspa-
| pe T And the said Commissioners sAall
omen tie subscription book at 10 O'clock e g;
& Ar. aud shall continue itss IN until 4
p Al. asd 1t shall remain open during
these hours for three days, unless sooner
{iIed--but no person or persons, body
corporate or otherwise, shall be permitted
to subscribe ON the first day for more than
I $50 shares: and il the Stock he not all
taken on the first day, the books shall re-
NAN open the second, on the same terms
as the first: but If the subscription be not
filled on the second day, then the Com
aissioners may permit any persoa'or FER
sous, bodies corporate or otherwise, to
subscribe for any number Of shares, until
the whole number is complete. The
Commissioners shall issue receipts to tie
different Stockholders, critic monies and
notes received of them at the time of sub
scribing, which receipts with the original
subscription. will be .@eemed good evi-
dence Of the quantity of Stock, to which
each individual shall be entitled in this
Company.
.4rticle 5.
The Commissioners or closing the Sub
scription, provided that not less than
three thousand Shares are subscribed are
authorized and directed, by public and
reasonable notice, to call meeting ofthe
Subscribers and superintend the same.
| who shall proceed to elect by ballot from
| among their own body, by a majority of
votes, represented either in person or by
proxy. Ten Directors, citizens of the u:
States, two thirds whereof. shall be in
habitants of the County OF Alexandria,
who shall serve until the first Monday Of
November next, on which day, and the
same day annually, an election OF Direc-
tors on similar principles shall take place,
| under The superintendent Of Commits
sioners (being Stockholders and not Di-
rectors) previously appointed BY the Board
of Directors. The persons elected Di-
rectors shall be notified by the Commits
sioners, the day succeeding the election,
| who shall assemble as soon as may be
conveniently practicable, and proceed
| forthwith to the election of the Presi-
dent, either from their own BODY Or the
Stockholders at large, who shall serve
| with the Directors elected, until the sue
ceeding election of Directors aud Presi-
dent respectively, and no longer. As
soon as the Board shall be organized, the
Commissioners empowered to receive
subscriptions and superintend the present
election, shall pay over to them al tie
monies and notes, which shall have been
| received for the subscriptions, and shall
deliver to them, all the BOOKS and papers
belonging to the Institution, and their
duties thereupsn shall cease and deter
mine. Each Director ceasing to be a
Stakeholder, shall cease to be a Director.
and no officer or Director Of any other IN
smance Company, snail at the same time
be an Officer or Director in this. Every
Share shalt entitie its proprietor to a
vote, but no Stakeholder shall be permit
ted to vote, posterior 70 the first election.
aho has not held his stock on the Books
Of the Company for twenty days prior to
the Acknowledgements enabling persons
70 vote as elections, posterior to the first,
shah he made in such form as the Presi-
dent and Directors shall prescribe. And
should it happen at any time that an G.
lection of Directors should pot be made
ohthe day, when, pursuant to these artl-
cles i ought to have been made, this as
sociaticn Shall not for that cause be deem
ed TO be dissolved; BUTT shall be lawful
CA any other day, within thirty days, to
hold and maSean election of Directors. &
tie same shall be GOOD and Valid. Should
any yacarcy happen among the members
of the Board Of Directors at any tinc, by
death, resignation or otherwise: the resi-
due OF the members at the time, shall elect
and fill tie vacancy. In case ofthe ne
cessary absence or sickness ofthe FRESH
dent, his place may be supplied by any
Director, whom he by writing under his
hand may nominate for that purpose. and
/ in case Of his not making such nomination
the Board may appoint President to
act during his absence.
.9rticie 6. 81
The President and Directors are here
by fully empowered to make, revise. alter
o. ;tnsa.i, all Sic. rules, orders, bye laws.
and re-, aiiauons, for the government OF the