Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-11-06
Attic ted of Association
sl..s Oh TIE
Real Esgote Ba'ak 81 ths'
J5siieg States.

II
| U5sifeg States.
BIT known, and it IS hereby pro-
lclanned, That the subscribers do agree
lfor themseIyes, their heirs and slicces-
Isors. to form themselves into a cosnPa-
Nv DC lnnited partnership, under the
name and title of The Renl Estate Baaa
Iof the lgnsted States. andthey will be
!sabiect to, and bound by the following
lpriiaciples,rales and regulations, VIZ.
Art. l.. The capital stock Of said cou,-
nanv NAV consist Of one million OF dol
liars. divided into shares Of one hundred
dollars each, With the privilege Of IN
lcreasine It to such amount as the lie.
legislature Of Virginia may deem proper
! to take In the stock of the said Bank, OF
whenever the president and directors
lmay deem prope to doso, and shall De
Inaid Ia the foilowisg manner to Wit
two dollars on each share, to the com
Imissioners at the time of subscribing
land the balance to be cAled for by Che
and directors as they may deem
lproper: Provided, That no call shall be
made for any payments in less than sixty
Idays. or for more than five dollars on
leach share atany one time /; but any sub.
Iber may make a farther payment of the
whole or any part subscribed by him, and
lshall be entitled to dividend thereon in
proportion. :,
Art. 2. The books for receiving sub
Iscriptions for said stock. shall be opened
lat Fairfax court-house. in the state OF
Virginia, on the Sd Monday in Noveni-
der next, under the direction OF eigh-
teen commissioaers--to wit:
General Thompson Mason, Laurence
Lewis, Humphrey Peake, David Allen,
VIM. Fl. Foot, Daniel McChichester,
William Mess, Thomas Wilson, John
n. Ricketts,, John G Hunter, Wm.
Cook, Nathaniel Manning, John Nor
rison, Edmund Denny, Travis @. Nash,
Junr. Charles /. Love, Samuel SwaIne,
and John DuEn. -
Any FIVE of whons acting together shall
be sufficient to constitute a board for tiieI
transaction of any business Of the associ-
ation--ihe books shall be kept open forl
the space of three days, from 10 O'Clock
in the forenoon till a o'clockin the after
noon Of each day; & if it shallbe foundl
al the end Of the said three days. that
the sum subscribed shall exceed the sunni
of One Million of Dollars. tie excess
thus created shall be reduced in mannerI
following that is to say froalthe subscrip-I
ton or subscriptions highest in amount
the commissioners shall subtract shared
or shares until the same shall be madei
equal TO the subscription or subscrintionsE
next highest in amount, and as often as |
the case shall require, they shall so prof.
coed to subtract share or shares irolni
the subscription or subscriptions re-,
maiains from time to time highest in al
,naunt until TIE aggregate Of The anonnfi
|gf all fhe subscri1tio,es De reduced q thei
sum ofone million Of dollars; anu y n
land after tie operation 1t such subtrac |
ton Gas ottea as the same shall be ne-I
|cessarily made repeated as Aforesaid 4
a greater nnDlber of shares nav De Al
lowed to one or more OF the subscribe
than to the rest, or it the numbef o
shares shall eventually be greater IN 4
mount than one million OF dollars, SO tbs /
at least one share cannot be alIoWea t
each and every subscriber, then and nj
either OF the before mentioned cases thel
shall ascertain by lot int
whom the greater number Of SHARES, ert
the right OF subscription for and retain
inr one share as the case may be- shall
be vested, and the person or persons mi
whose faver the lot may thefeupoa fali,I
shall be deemed to all intents and pur-
poses the lawful subscriber or sHbscrlb-,
ers for such share or shares respectively
One halt of the payments q SAID SUBJ
fioa shall be made in srecie, the notes OF
either of the chartered Banks in Virglma.I
the notes of any chartered Bank IN thel
district of Columbia, or 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 receive, and
IL, the public stock and treasury notes OF
the United States and the other aalfi
may be made in real estate, situatea ifl
the Northern Neck of Virginia, the Dis
trict of Columbia, or Western Shore of
MARYLAND at two thirds of the value of
such real estate, which value shall be as
certined by the commissioners herein