Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-20
Unifed StQtes.

st.s.s. to form themselves into a coalpa-
nv Of iiruitca partnership, under theI
pame and title Of Tie Real Estuse Lame
al The Ulsitgd States. and they will be-
subject to, and b0nnd by the following
ssrincisles. rules and regulations. VIZ.
ART. 1. This capital stock Of said com
paFyn NAV consist OF one million OF dol
lars. divided into shares of one hundred
dollars each, with the privilege OF in-
csaas;nS il Ia such amount as the Lee
.g;slatl,te 81 Virginia nay deem proper
to take IN the stock of the said Bank, OF
whenever tile president and directors
suag deem p,si?er 10 desc, aad shall De
,ss,d III the following manner to Wit
fro dollars on eacn share, to the COM
,o;ssionefs at the time of Subscribing,
AID the balance to he called for by the
president al.d airectoes as they may deem
nra,,er PfOs:dSi. .Inat TO call shall be
mace Tor s:sy pa ysaenis III less than sixty
DAYS. or fur nlcge than Ave deliars on
each share atoms one time but any sub
hor nav u.ake farther payment Of the
s.na!e Of any part subscribed BY Inn, and
shall BE eat:t..,.. s 4 dividend thereon IN
! proportion. ,
Art.2. The hooks Epr receiving sub
scrsptians for said stock. shalt be opened
al Fairfax euust-l.ouss. in the state OF
Aisyin:a, on tie Sd Monday IN Noyep-
ter next, nasler ttel direction OF eigh-
ssasv, a;SS.oness--tO vat.
Gcacral Thompson Mason, Laurence
!. Lewis, Rsapllfey Peake. David Allen,
syns. *. Foot, Eaniei McChichester.
William Moss. Thomas Wilson, John
e. Ricketts,, John G Hunter, VIM.
e,auk, Nathaniel Manning, John Nor
rison, Edmund Dsnsy Travis C.Nash,
Jarr. Charles (. Love, Samuel Swatne,
and John Dulin.
Any five OF whom acting together shall
: lie sufficient to constitute board Tor the
transaction al any business of the. associ-
atioi.--qhe books shall be kept open Tor
Che SPACE Of three days, Eom 20 o'clock
in the forenoon I'LL 4 o'clGckin the after
+. noon of each day; Il il it shall be found
al the end of the said three days, that
the sum subscribed shall exceed the sum
.of One Million Of Dollars. the excess
thus created shall be reduced in manner
following thatis to say from the subscrip-
ton OF. subscriptions highest In amount,
tie commissioners shalhsubtract a share
or shares until the SAME shall be made
gas:al 10 the subscription O.: dissertations
next highest 10 amoant. and as often as
tie case shall require, they shall so pro-
coed to subtract share OF shares from
the subscription or subscriptions re-
naiaing from time to time highest In A.
,nount until the aggregate OF the amount
Of I'LL the subscriptions be reduced to tlei
sun, Of one million If dollars I; and if by
:aa,i after the operation of such subtfac-
tim Gas often as the same shall be ne
cessatiiy iDads Srepeated as afore5aid@I
greater number of shares may be al
lowed to one CT more OF the subscribers
thaa to the rest, or il the number oil
shares shall eventually be greater in a !
mount than one million ofdoliars, so that
at least one, share cannot be allowed toI
each aud every subscriber, ti,en and I'M
either Of the before mentioned cases the
commissioners shall ascertain by lot inl
WHOM the greater number OF shares, orI
The right of subscription for and retain
Ing one share las the case may be- snalli
be vested, aud the person or persons iilI
whose favor the lot may thereapon fall.
49, - \