Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1817-03-15


thereof, shall be subscribed as afore-
said, the said subscribers and their
heirs and assigns, from the time OF
1.-THE said first meeting. shall be and are
hereby declared tpbe Incorporated in
to companyby the name Of /" THE
CANAL COM
lpANY," and may sue and be sued as
lsach.-and such Of the said subscrib.
lcrs as shall be present at the sad
meeting. or amaiority Of them. are
thereby empowered and required to e
Ilect a President and four Directors
for conducting the undertaking, and
managing all the said company busl-
ness and concerns, for aud during
such time, not exceeding one year, as
the said Subscribers, or majority OF
them. shall think lit. And in count
ing the votes Of all general meetings
uf the said company, each member
| slnll be allowed one vote for every
share by him or her held in the SAID
company. And any proprietor. by
writing under his or her hand'execut-
ed before tso witnesses, may dcPute
any other member or proprietor to
vote and act as proxy Tor him or hep
, at any general meeting.
| And be it enacted, that the SAID
President and Directors, 50 elected.
and their Successors, or majority u
them asscmh!cd. shall have 'all pa"
er and authority to agree with any
person or persons. On behalf OF the
said company, 10 cut the SAID canal
and erect such locks, ana perform
such other works, a. they shall Jadge
necessary. for opening and hnprov-
ing the navigation of the same. aud
carving OF the said canal, from
place to place. Sfrom time to time.&up
on such terms. and in such manner. rs
they shall think 1T; and, out OF the
money arising from tic subscriptions
and tbs tolls and other aids hereinaf-
ter given. to pay for the sane 5; ana
to repair and keep in order the SAID
canal. locks and other works neces-
sary thereto. and to dcfray I'll incl
dental charges and also to appoint a
Treasurer, Clerk, and such other OF
ficrrs, tuii-gathers. managers ~ ser
wants, az they shall Judge necessary,
and to agree for, and settle their re-
spectiye wages or allowances, and to
settle and sign their accounts; and al
so to make and establish rules OF pro-
ceedins; and to transact all the other
business and cDnc"rs OF the said COM
pany, in and during the intervals be-
tween the general meetings OF the
same; and they shall be allowed, as
satisfaction Cor their trouble therein.
such sum of money as shall by a gene
raj meeting of the subscribers be de-
termiae;l. The Treasurer shall give
bond. in such penalty and with SUCH
security as the said President & Ol.
rectors. or a maiorit of them. shall
direct. for the true and faithful dis
charge of the trust reposed in ham y
no officers in the said Company shall
have aar vote in the passing or settle
ment of his own accounts.
And be It further enacted. that the,
said President and Directors, u their!
successors, or majority OF them.
shall have full power and authority,
from time to time as money may be-
wanted. to make and sign orders for
that purpose, and direct at what time
and in whatproportion the proprictors
shall advance and pay of the sums
subscribed; which orders shall be adj
yertiscd at least one month I'M
some newspaper printed in each ofthe,
towns of Alexandria. Leesburg. Mar!
tinsburg. and Winchester and they
are hereby authorized and empowered
10 dem. I'd and receive of the several
from time to time, the
sums of money so ordered to be adj
vanced for carrying on and executing,
or repairing or keeping in order, the
said works. until the sums subscribed
shall be fully paid. and 10 order the
said sums to be deposited in the hands
of the Treasurer. to be by him dis
bursed and paid out as the said Presi-
dent and Directors, or a majority OF
them shall order ard direct. And if
any of the said proprietors shall re-
fuse or neglect to pay their said pro-
portions, within one month after The
same shall be so ordered aud advertis
ed as aforesaid, tho said President &