Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1817-03-14

IPANY,' and may sue and De suen a.
isueh.--and such of the said subscrib
ers as shall be present at the salt
meeting, or a majority of them, arr
thereby empowered and required to e
Iect a President and four Director:
| for conducting the undertaking. ant
managing all the said company bust
mess and concerns, for and during
such time, not exceeding one year, a.
1.-THE said subscribers, or majority O.
them, shall think fit. And in count
ling the votes Of all general meeting
lof tile said company, each member
lshall be allowed one vote Tor every
share by him or her held in the said
company. And any proprietor, by
writing under his or her hand,execut
led before two witnesses, may dePut'
any other member or proprietor t.
vote and act as proxy for him or he'
lat any general meeting.
\ And be it enacted. that the SAID
President and Directors, so elected
and their SUCCESSORS, or a majority o.
them assembled, shall have fall pow
er and authority to agree with an!
Iperson or persons. on behalf OF TIT
said company, to cut the said canal
land erect such locks, and perform
isuch other works. as they shall judge
necessary, for opening and improv
ling the navigation of the same, ant
lcarryinc on the said canal. from
place to place, &from time TO time.&nI
ON such terms. and in such manner. a.
1they shall think ct; and. out of TIL
money arising from the subscriptions
and the tolls and other aids herriaat
ter given. to pay for the same; AM
to repair and keep in order the sait
canal. locks and other works neces
sary thereto, and to defi'ay all Incl
dental charges and also to appoint 9
Treasurer. Clerk, and such other of,
ificers. toll gathers. managers 4 ser;
wants, as they shall Judge necessary,
and to agree for. and settle their re-
snective wages or allowances, and T.
settle and sign their accounts; and al
so to make and establish rules ofpro-
ceeding; and to transact all the other
business and concers of the said COM
pany, in and during the intervals be-
tween the general meetings Of the
same; and they shall be allowed. as a
satisfaction for their trouble therein.
such sum of money as shall by gene
raj meeting of the subscribers be de-
termined. The Treasurer shall give
bond, in such penalty and with such
security as the said President & Di-
rcctors. or majorit Of them, shall
direct, for the true and faithful dis
charge of the trust reposed in HIM ; q
no officers in the said COMPANY shall
have any vote in the passing or settle
mcnt of his own accounts.
And be it further enacted. that the
said President and Directors. II their
successors. or a 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 whatproportian the rroprietofs
shall advance and pay off the Sums
subscribed; which orders shall be adj
vertiscd al least one month in
some newspaper printed in each ofthe
towns Of Alexandria. Leesburg. Mar
and Winchester and they
are hereby authorized and empowered
to demand and receive of the several
proprietors, from time to time, the
sums Of money so ordered to be adj
|vanccd for carrying on and executing,
or repairing or keeping in order, the
said works, until the sums subscribed
shah be fully paid, and 20 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 majority OF
them shall order and direct. And il
any of the said proprietOrs shall re-
fuse or neglect to pay their said pro-
portions, within one month alter the
same shall be so ordered and advertis-
ed as aforesaid, the said President Il
Directors, or a majority of them may
sell at auction, and convey to the pur-
chaser. the share or shares ofcaCh pro-
prictor so refusing or neslccting pay
ment: giving at least one months no.
tice Of the sale in the manner afore-
said and, after retaining the sum due,
and the charges of sale, out of the mo-