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

HI it kn0Nils 1Au IL - nefeDt flssf
elassSesl. hat tIie subscribers do agree
Iaf themselves. their heirs end success
snrs. 10 form themselves into c0mpas
nv 81 Hnitea partnership, under the
name ansl title of The Real Estatc Bunk
ssy ne Eisissd States: and they +sill BE-
ssbleek To, and bound by the following
PRINCIPLES, rules and regulations, VIZ.
Art 4. The capital stock OF said com
,paa ma consist of one milllcn OF dot
lars, IIixss!ed iato shares Of one hundred
fiulsaFs each. with the privilege ef IN.
er3asina il to such amount as the Lee
rislatufe Of Virginia may deesn proper
fo kske IN tie stock Of the said Bank, %
whenever the president and directors
sAay tlcea, psapeF to dosas and shall q
paid ia the iobowing manner to Wit
f.yo sI5llaxs on each share, % the cnls.
sYni.sianers al tire time of subscribing
s~ss the balanfe ta be called for BY the
, . esident anil directors al they may deem
psaner providea, Tkatnncal shall DC
made FOR a:sy pay aeliss in Iese than sixty J
i6ags, or Zoe mpse thai i've dollars on
each share ataay oastIme but any SUB
sller may make fartber payment o. the
whole u, any part subscribed by him, and
shall be entitled tea dividend thereon 10
psopOTti0n =
Tie books for receiving sub.
seriptieus FOR SAT-. stock, shalEbe opened
II Fairfax courthouse. 10 tse state Of
t'irsiuia, on the sd Monday in Novenl-
her next, nnder tie direstian Of elgh.
.sssn coinsnissiaaers--ta vita,
General ThompsRn Aiasens Laurence
Lewis. Ifwnphrey Psake, Dayid Allen,
sYm. I'll. Eoot, Daniel Mc{ hlchester,
MILAN Mess. lhomasS Wilsga, John
i. Ricketts,, John G i5pater, VIM.
Cook, Nathaniel Manning. John Nor
risOn, Edmund Denny, Travis G. Nash,
Juur. Caafses I. Love, Samuel swalne,
aud John Duiin.
ANY five Of whom acting together shall
ne sufficient to constitute board foe the
-tra.ssastioa Of any business Of the associ-
sf;an--Fhe books shsib,be keptsopen for
the space Of three ssaYs, from 10 O'Clock
s, fhe foresloen till 4 o'cleckin the after
aIsa.l Of eseh day; Sit it shal!be found
st tie cad Of the said three days, that
Tie sum subscribed snail exceed the, sum
so t]ys Milton Of Dollars. the excess
nus created shall6e reduced in manner
follawiag that is to say from the subscrip.
tloa 81 subscriptions highest IN amount,
che commissioners shall subtract share
cr shares Until the same shall be made
equal ia tic subscription oI'subscrintions
next hinhest ia amount, and.as often as
tie case shall require, taev shall SO pro-
reed 70 subtract a share or shares from
HE subscription or subscriptions re-
manning from time to tine. highest in a.
mount until the aggregate OF the amount
Of All the subscriptions be redeced 70 the
sun ozone million of dollars and 1t by
and after the operation Of such subtrac-
lion AS often as tae same snail be ne
cessaTily made 6.repeatcd as atcsesaid}
. rseater number Of shares may be a.
logged to one or ;noge of the subscribers
!, than Ia ,iae rest, or it the number OF
saares shall eventually be, greater IN a.
mount than one mi. lioa OF dailars, othat
hi least one share cannot be allowed to
each and every Subscribers then ani IN
either or the before mentioned cases the
commissioners shall ascertain by lot IN
whom tie creates number Of shares, or
therlght Of Subscription tot and retain
: ing oae share Gas the case may be) shalai
be vested, and the person or persons IN
whose favor TIE lot may tierespotl fall,
shall be deesIed to all intents and pur-
noses tae lawful subscriber or subscrI5-
ers fag such share or shares respectively.
Ore halt Of the payments 0f SAID sub
lion shalt be saade in specie, the notes OF
eitheeoE the chartered Ranks In Virginia,
the notes Of any chartered BaDk IN the
District oI Columbia, Of state OF Mary
land, or the notes of such other Banks as
the commissioners in the first instance,
and the president and directors alter
wards shall deem proper to rteeiye, and
ii the public stock and streasuEy notes q
the Uaited States ;,sahd the ether hast
nav be made in real estate, situated ~
the Northern Neck Of y irginla, the IBIS
trict of Columbia, or Wessera Shore OF
MARYLAND at two thirds Of the value OF
such real estate, which value shall be as
ceftaiBed BY tbe commissioners herein
after described to be elected for that
aud other pI rpeses Before aecertihcate
{ Of such payment shall be gwen, when the
-,,h.r;; Sisali 81, r,,ssI IN real estate,