Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-05-03
Robert YOU'VE, Thomas VOWEL, William

j Robert f0ung, ln0Mde 49, = ,.',''Dtt
Smith. John Jack son, John 0lrd, Georse
Coleman. JOSEPH Mandssille, PhihpT.iP-
INF. lanes Anderson, George Faylo rs
Rer93;nand MarstelleI., Daniel Somers &
W;ll;am fodgson, notice of the sasae be-
no .,lyertisetl in the Alexandria newspa-
pe = And the said Commissioners shall
omen the subscription book at lOo.clock,
A AZ and shall continue it open until &
P. nj. and it shall remain open during
thesehoursfor three days, unless sooner
6,Ied-hut NO person or persons, body
corporate orotherwise, shall be permitted
to subscribe 90 the first day for more than
ESQ shares; aad if the Stock be not all
taken on the FIRST day, the books shall ''e-s
main open the second, on the same terms
as thestirst; bat if the subscription be not
filed on the second day, then the Com
missioners fmay permit any person or per-
sons, bodies corporate or otherwise. to
subscribe for any number OF shares, unit
the whole number is complete. The
Commissioners shall Issue receipts to the
different Stockholders, for the monies and
notes received of them at the time of sub
scribing, which receipts with the original
Subscription, will re deemed good evi-
dence of the quantity of Stock, to which
each individual shall be entitled In this
Company.
article S.
The Commissioners on 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 of the
Subscribers and supelintend the same,
who shall proceed to elect by ballot from
samcng 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, en- election of DTec-
tors on similar principles shall takeplace,
under the superintendaaceSef Cemmis-
ssioaers (being Stockholders and not Di-
rectors) previoasl 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
,y,+b H.. n..o, t,>,e e(nc+oL ,,n}.l fba Cuc
ceeding election of Directors and Presl-
dent respectively, and no longer. rs
soon as the Board shall be organized. the
Commissioners empowered to receive
subscriptions and superintend the present
election, shall pay over to them all the
monies and potss, which shall have been
received for the subscriptions, and shall
deliver to them. all the books aud papers
belonging to the institution, and their
duties therenpoa shall cease and deter
mine. Each Director ceasing to be a
Stakeholder, shall cease to bela Director,
and ne officer OF Dwectsr of any other In
surance Company, shall at the same ti;ue
be an officer or Director in this. Every
Share shall entitle It's proprietor to a
| vote, but no Stakeholder shall be permit
ted to vote, pesterlor to the iirsteiection,
who has not held his Stock on the Books
of the Company foy twenty days prior to
the eiechon-allpro enabling persons
to vote at elections, postenol' to the first,
s'lai! be made N SUCH form as the presi-
dent and Directors shall prescribe. And
should 1T happen at any time that an e.
lection OF Directors should not be made
on the tiay, when, pursuant to these arti
cles it ought to have been made, this as
soc!ation shall not for that cause be deem
ed to be dissolved but it shall bellawfui
on any other day, within thirty days, to
holland make an election of Directors. *
the same shall be good and valid. Should
any vacancy happen among the members
OF the Be, d OF directors at any time, by
death, resignation or otherwise, the resi-
due OF the members at the time, shall elect
and I'LL the vacancy. In case of the ne
ceSsary absence or sickness of the Presi-
dent, ms place may be supplied by any
director, whom he by writing under his
hand may nominate Tor that purpose, and.
IN case OF his not making such nomination
the board may appoint President to
act during his absence.
.3rticie 6.
The President and Directors are here
by fully empowered to make, revise, alter
OF annul, all such rules, orders, bye laws,
and regulations, SCR the government the
IA ~. 4.