Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-16
AIexandria Academy

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llNoyermber, 1915.
1t was resolved, That the amended re-
port Of the town Committee Be received
land cOncurred ia BY the trustees, and
lthst the following gentlemen be appoint
led Commissioners to receive subscrip-
Itions according to the 18th article Of said
report, viz. George Deneale, John
Mckinney, Robert Young, Joseph Dean
land Edmund I. Lee.
Extract from the Minutes.
TEsr--f. P. THOMPSON, Sec'ry.
THE committee appointed at mect-
|ingof the citizens ofAlexandria for the
purpose of devising the most eligible plan
for improving the Alexandria Academy,
beg leave to submit the following for the
Incorporation of the citizens 10 SO desira-
|ble an object.
lst. That under the charter for incors
|porating the Academy in the town Of A.
alexandria, there be purchased one entire
square Of ground in convenient situa-
ton, wherein to erect the necessary
buildings.
Cd. That the capital stock of The said
Academy shall consist of 5000, dollars,
divided into $50 shares of $40, but may
|be increased to 1000 if the trustees
shall deenl it proper, which shares shall
he transferable on the books of the Cons
,pany, either by the stockhelder or his
attorney.
Sd. That as soon as convenient the
present let and buildings, or such part as
the trustees may deem proper, shall be
sold and the proceeds vested in the new
lstock thus created, but the original SUBJ
Iscribers to the Alexandra Academy.
shall be entitled as now provided by law
to the right Of voting for trustees.
4th. That a petition be presented to
the Common Council of Alexandria. pray-
ing them to appropriate to the AIexan.
dria Academy all monies arising from
fines, forfeiturcs and penalties, and ON
licences for shows or exhibitions within
the town of Alexandria, and also praying
them to subscribe for stock in the said
Academy for sum ne exceeding $4,000
provided the said stock shall not otherl
wise be raised and also a petition to
Congress for auch assistance as they may
be pleased to afford.
5th. That each share of stock in the
said Academy, shall be entitled to one
vote for trustees.
9Th. That on the stocks being subscribN
ed for, there shall lie erected on the
square of ground, such buildings for an
Academy as the trustees shall from time
to time deem proper.
9TH. That for the present, the said Aca%
DENY shall consist of two instructors Of
the higher classes, to be called professors,
except one who shall be stiled principally
one professor of Mathematics, and one
of the English language.
9th. There shall be taught in the said
academy system of Architecture, q.
|dapted to the style of building in the u
|nited States, with draughts and caIcula-
tions.
9Th. That any surplus money, after
purchasing the necessary mathematical
apparatus, shall be applied to the pur-i
chase Of such shares of stock as shall
from time to time be offered for sale.
10th. That at the expiration of thirty
years, the said lot of ground and inn
|prevements, shall be sold for college or
other purposes, and the proceeds divided
|among the stockholders or their heirs or
successors.
18th. That on the present trustees of
the academy passing Q bye-law or ordi-
nance, declaratory Of the principles con-
Itained in the foregoing recommendation,
land the Common Council making the
Igrant on their part, the same be carried
Into immediate operation.
18th. That the trustees do appoint
live commissioners to receive subscrip-
ton, and that they be authorised to take
lin payment notes payable twelve and
Ieighteen months after date, for the NUM-
Iber of shares each person shall subscribe.
G.. Deneale.
john .M'Kinney,
Nm Herbert jun.
John Roberts,
J. p. Thomp son.
Alexandria, 18th Oct. 1915.