American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1825-03-08

giving at least ten Gays NOVICE u, "e.
papers Of this place, and specifying IN such ho''oe
Inc object or objects of such meeting. IL,
Article Y.-Tbe shares of the capital stock shall
he ransfe rable on the books Of the Company, &C
cordpp to such rules as comfortable to law may
he established in that respect by the Board oil VI
rectors: but no transfer Of stock in this Company
shall be considered as binding upon the Company
made within thirty days after loss snail nave oo.
cured nor unless made in book or BOOKS keP'
for that purpose by the Company, and any person
or persons whatever, who shall accept transfer OIL
anv stock or shares in this Company, shall become
me mber according to the Articles OF Association
article YI--Al policies of insurance made oy
this Company shall be signed by the President ana
a,ested by the Secretary aud sealed win the COM,
mon seal aud all losses on any such policy or po',
ces. shall be adjusted by the President and Board
of Directors, and paid agreeable to the terms oil Inc
policy out of the funds of the Company.
I ,artictg XII-All sums of money received oy
the Company for premiums, shall from time tol
time he annlied to the payment of losses in the hrsl
instance and to make up the amount OF their oIigi-
nal capital whenever it shall have suffered any al
minuton by losses, and dividends shall oe mace o.
the nett profits arising on the capital s'ocK d. SUCH
nrriods as the President and Directors may Judge
proper, not otener than once IN SIX mohths' anu
the same shall be paid TO the stockholders OF 'he'i
gal repre- sentaves but if dividends shall be al
proceeds of the said Company at the time oil max
ing the same each and every director that consent
ed thereto, shall, and is hereby declared 10 DC la
oIe for in his individual capacity, and bound TO con-
,rbu,e to make good the deficiency In the capital
stock occasioned by such improper dividend.
i .9rticie YiII.-Ii is hereby declared to De the
4 oblect of the persons who associate und.r lne hfm
of the 81 President and Directors oil the winning
ton Fire Insurance Company" that the property or
ll.L 80. - sad Nn
dividends to be made. shall alone be responsible Tor
1.-The debts and engagements OF the Company and
that no person who shall may deal with Inc SAID
lCompany, or to whom they shall, OF may become
10 any wise indebted, SHALL on any pretence ~ha'-
ever have recourse against the separate properly
of any present o future member OF this company
or ag Aust their persons but any person accepting
la bond, bill, note, pocyo insurance, o. olnel eo
u tracts Of the Company, signed by the President
: and couutersicned by the Secretary Of the Compa-
Il ny or dealing with it in any manner whatsoever
thereby give credit respectively to one Joint stock
" OF property of said Company, and thereby dsaVo"
having recourse to any present or future menoer q
this Company, except as ABOVE mentioned ana al
,us brought against this Company ut any shall be.
shall be brought against the President Tor the time
being; and in case OF his death, or removal from
:, flee pending any such suit against him, measures
u shall be taken, at The expence OF the Company, o'
substituting his successor In Office defendant, ST
II ha, persons having any demands against the Com
\ pauy, may not he prelrdlced or delayed by tina
II event or if the person first named as defendant
IS ACCOMPLISHMENTS his dea'h removal from Office,
q this Company shall take no advantage by writ o
y Error or otherwise, OF such proceeding on that &C
. count and all recoveries had in manner a'oI osad
shall be conclusive upon the Company, so far as tt
'e render the Company's said Join, stock or propert
~ liable thereby, and no further; and the Compan
~ shall Immediately pay the amount OF such ecove'
y out OF their Joint stock but not otherwise; and II
III case Of any suit law, the President shall sign hi
: appearance, or file common bail thereto, It beiD
h expressly understood and declared, that all persons
:, dealing with the said Company agree to these terms
~ and are 10 be bound the eny.
nj .grticte XIP.--The Association shall contnu
y until the proprleors Of two thirds OF the capit
d stock oil the Company by their concurrng votes.
'h gene al meeting to be called for that express pu'
II pose, dissolve the same Pr0rided, hat notice
such meeting, and oil It's object, shall be pubshe
:. IN the newspapers OF the Borough OF Wilmington
Va and such other the most public notice the nature
"u The case will require, Tor at least three months pr,
es' vlous TO the time appointed Tor such meeting.
es'l article YV.-Ihese Articles OF Agreement shs
u be published in the newspapers OF the Borough
~ Wilmington for week and for the further il
'ea formation oil all persons who may transact busne
CO. with, or any give credit to the Compan
'es every policy Of insurance, bond, BILL note 9th
,ey ins Ament OF contract by the effect terms OF Il
bic Cnmna.v NAV he CHARGED or held liable for /,
payment of MONEY, shall especially declare, in SUI
Inc manner as the Board oil Directors may present.
uc' that payments shall be made out of the joint fun
=, OF this Company odiug to the present Articl
MAJ, of the Association, and not otherwise; and it
o,rexpressly declared that no engagement can be
VI gay made in the name oil said Com pany, unless
his on'a;ns Irn,.t,on mr. rec,r,ct;on m The 81,
lom aoova r.c;,ed and m. Comnanv exnressv dis.v
,mi- al -. -, a;mluy tor any debt mr. enoaoement viii
may be made in their name, not containing limi
this l;ns "a .s,r,c,i,,ns - ~. e., aiores.;d
but L., ,;,,,. ,hr.or u,a ho,. h.,.,n,o M.