Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-04

Iclaimed. That the subscribers do agree
|fsr Themselves their heirs and snccesa
! sors. ID iorm themselves into a coalpa-
Inv Of limited partnership. under the
name and title Of The Real Estate Ra,'kl
|of The UEsitsd States. and they will be
Isubject to, ard bound by the following
principles. rules and regulations, VIZ,
Art. Il. The capital stock of said COM
lpany NAV consist Of one million of dol
liars. divided into shares Of one hundred
dollars each, with the privilege OF m
acreasing 1t to such amount as the Lee
|cislature Of Virginia nay deem proper
La take in the stock Of the said Bank, o..
Whenever the president and directors
'lmay deem prepa, To do 50, and shall De
lnaitl Ia E,e following manner TO wit
ltws dollars on each share, 70 the com
lniissianers al tie time Of Subscribing,
land the balance to be called for by the
president and directors as they may deem
lprccer: Provided, That no catl shall be
made for my paymenss in less than sixty
iaays. or for more than tivy dollars on
leach share atapy one time but any sub.
her may make a farther payment OF the
whole or any rart subscribed by him, and
lsliall be entitled to a dividend thereon 10
proportion.
/ art. 9. The books FOR receiving SUB.
Iscriptinns for said stock, shall be opened
tat Fairfax COURTHOUSE. in tie state Of
Virginia, on the Sd Mandapin Ncyenn-
her next. uuder the direction OF elsh-
lteen CO. auissioners--to Wit
| General Thompson Mason, Laurence
Lewis, Eunparey Peake, David Allen,
Esym. II. Foot, Daniel McChchester,
William Mess. Thomas Wilson, John
lT. Ricketts,, John C Hunter, VIM.
ICaok, Nathaniel Manning, John Nor
|risan, Edmund Denny, Travis c. Nash,
lJunr. Charles I. Love, Samuel Swaine,
and John Duhn.
ANY FIVE Of whom acting together shall
be sufficient to constitute aboard for the
ltsaasactionpf any business OF the associ-
Eation-- The books shall be kept open for
the space of three days, from 10 O'Clock.
lin the forenoon till 4 o'clnckin the after
moon of each day; & if it shall be found
lat the end Of The said three days, that
the sum subscribed shall exceed the sum
loo One Million of Dollars. the excess
thus created shall be redncedin manner
|followine that's TO say from the subscrip-]
Ition or subscriptions highest in amount
the commissioners shall subtract share
Ter shares until the same shall be made
Iequal tothe Subscription or subscrintlons,,
next highest ia amount. andhas often as;
the case shallrequire. they Ball so pro-,
coed to subtract a STARE or shares tremi
the subscription or Subscriptions re-
|,naiaing from fine to time highest IN al
mount until tie aggregate of the amountl
|cf all the subscriptions be reduced to theI
Isnm of one nisiion Of dollars and it byl
and after the operaiion of such subtrac- !
ton as often as the same shall be ne
made e repeated as aforesaid i
b greater nnalber of shares raay be al |
|iawe,l 10 one or more OF the subscribefsl
than to. the rest, or it the number oil
shares shall eventusllv be greater in "a!
mount than one million OF dollars. so that
lat least one share cannot be allowed col
leach and every subscriber, then and inI
leither of The before fneHtianeN cases thel
commissioners shall ascertain by lot mi
Whom the greater number ri shares, orI
THE right of subscription for and retain
Eng one share Gas the case may be- shall
Ibe vested. and the person or persons in
Whose favor The LOT may thereupon fall,
Ishall be deemed to all intents and pur-l
poses the lawful subscriber or subscrlb-
|ers for such share or shares respectively.
One halt of the payments Of said sub
|tion shall be made in specie, Inc notes OF
|either Of the chartered Banks in Virginia
|the mites Of any chartered Bank IN the!
District of Columbia, or state OF Mary
land, or he notes Of such other Banks as
the commissioners in the first instances
land the president and directors alter
wards shall deem proper to receive, aud
Iia the public stock and treasury notes OF
the United States and the other half
NAV be made in real estate, situated in1
the Northeru Neck Of Virginia, the Dis
Etrict Of Columbia, or Western Shore OF
MARYLAND at two thirds of the value of
| such real estate, which value shall be as
lcertained by the commissioners herein
| after described to ibe elected for tsatl
land other narneses Before certificate