Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-10-21
Articles d lssociation


4 or TIE ~
| Rsal Estdts .Ba,sk plss
TScu.
RE i known, and II IS hereby pre-.
lg,a;mglI. THAT the Subscribers do agree
Enr then,selyes, their heirs and success
.Isors. Is form themselves into compas
Iav sof limited partnership, ansler me
I ,aSne and title Of TIE Real Estate ls e
Il .anIgriet,. and they will be subject to-
|ansl bound by the following principles
Rules and regulations
i Art /. The capital stock Of said con-
'lOany NAV consist Of one million q dol
liars. divided iatO shares Of one hlspsre,
AIOllars each, with the prissieg q 70
Icreasing il whenever the pres 81 ane
directors may think proper, pail De'
'lsaid in the following mann ''at = ~
Isay--o,e dollar on each at the
time of subscribing, and the Balance tcI
.lbe called for as the presiSs and dlreeN
|ors may deem proper l0slded, lnal
.Itheysd5 not cali for any payments in less
THAN thirty days, nor for more than one
I,Iallar on each share at any time but
1lany subscriber may make a farther pay
Isnent of the whole or any part spbscrio-
led by him. and shall be entitled to a oi
IyiiaeAd in proportion.
Art. 9. Ehe books for receiving sub.
lscriptions f0r said stock, shall be oPenea
lat Fairfax co0rt-aOuse. on the sd Mon
Iday in November next, under the dlrec-
It;on Of eighteen CONFERENCE.-The VII:
General Thompson Mason, Laurence
Lewis, Humphrey Peake, VIM. Robin
Ison. WIN. Il. Foot, Daniel SicGhlciles-
ltqr William Moss, Thomas Wilson,
'llohn I. Ricketts,, John G Hunter,
IWm Cook, Nathaniel Manning, John
Morrison, Edmund Denny, Travis Y.
Nash, Charles l. Love, Samuel swayne'
.IJoan Duiin. ~
j ANY five of whom acting together shall
lie sufficient to constitute aboard tor any
Business whatever relative to the articles
lof association /; which books shall be kept
onen for the space OF three days, and II
III sbonld be found that the amount OF
.lsubscription shall exceed the sum herein
nroposed. as the capital stock the COM
llmIissioners shall deduct from the subscrlp-
-Ition in due proportion to reduce the
whole to the specified amount. Onehali
Iof the payments of said subscription must
he made in specie, the notes OF the bank
: Iof Virginia, the District OF Columbia, OF
1.-The state of Maryland, and the other
lba'fin real estate, situated IN the nor
.lthern neck of Virginia, the District OF
lColumbia. or western shore OF Maryland,
lat two thirds the value OF such lands,
(which value as we'll as the validity OF the
subscribers title, shall be ascertalned by
1.-The commissioners elected for that anu
Iothsr purposes, before certificate OF
Isuch payment shall be given to the sub
Iscriber. and when such subscription shall
Ibe paid in land, the subscriber shall make
land tender to the commissioners atore-
aid, deed of convey ance, to such com
missioners for the use of said bank, Which,
deed. with the other payments, shall De
delivered over to the president and dI-
lrectors of said bank, and it shall be their
lduty to have the same recorded in the
lproper Office, provided that such subscri-
her of real estate may retain possession.
land receive the profits of such real estate
1.-The same as fit was not subscribed during
1.-The continuance Of this institution, and be
lentitled to receive re-conyeyance OF
lsuch real estate on payment into the
lbank the amount in gold and silver at
their legal rate or value for which such
Hand was conveyed.
/ Art. S. And for the well governing
1.-THE affairs of the said company. there
isaall be eighteen directors, nine of whom
ilshall be residents Of the state OF Virginia,
land eighteen standing commissioners
detected within five days after the stock
las subscribed, any five Of whom respee-
lively may form a board to do business,
land an election shall be held for like
humber of directors and commissioners
Ion the first Monday IN February each
year thereafter, by the stockholders Of
said institution, and by plurality of
ivotes actually given in, and those who
lshall be duly chosen at any election, shall
lie capable of serving as directors and
commissioners by virtue of such choice
until the end or expiration of the frs
Monday in February next, ensuing the
thine Of such election & until others shall
/ ho ahn,an and fhn ca;d dironAnrs a. Il y: