American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1825-03-11


papers OF this place, and specifying III such uo0eo
The object or objects OF such meeting. !,
Article Y-The shares of the capital STOCK sna
be ,ransfe rable on the books OF the Company ac-
cordine 10 such rules as conlot maoe 10 Ia" uIay
be established in that respect by the boaro OF II
recors but no transfer of stock in this Company
shall be considered as binding upon the Company
made within thirty days alter loss snail nave "
Cured nor unless made in book or DOCKS kep..
Tor that purpose by the Company ana any person.
mr. nersons whatever who shall accept transfer Oh
any stock or shares in this Company, shall become
me mber according to the Articles OF Association
.article HI-An policies OF insurance made ny
this Company shall be signed by the PRESIDENT anu
at,ested by the Secretary, and sealed win the com
mon seal aud all losses on any such poicy or poh.
c,e,. shall be adjusted by the President and bosfu
OF Directors, and paid agreeable to the terms OF INC
policy gu, OF the funds OF the Company.
Irfictp YII-Ail sums OF money received oy
| the Company for premiums, shall from time 10
time he anned to the payment OF losses in the hrs
instance and TO make up the amount OF their orlgi
4 nal capital whenever it shall have suffered any a.
minution by losses, and dividends shall De mace OF
the nett profits arising ON the capital STOCK, al SUCH
nrr;ods as the President and Directors may Judge
4 proper, not oitener than once IN SIX months' anu
the same shall be paid 10 the stockholde's' OF 'he
legal representatives. but 1t dlsuehds snaii NC d.
laDy time declared OF adibei o"ou"' .HN''
4 proc eeds OF the said Company at The time oil max
mo The same each and every director that consent
ed thereto shall, and is hereby declared to DC va
ole for in his individual capacity, and bound to con
rlbue 10 make good the deficiency IN the caPtal
stock occasioned by such improper dividend.
i .4rticip XiII--I is hereby declared to be the
obect of the per who associate under lhe urn
of the /" p esd ut and Directors OF the Whining
ION Fire insurance Company" that the property or
,,rxnnu RX q
dividends to be made, shall alone be responsible Tor
the debts and engagements Of the Company and
that no person who shall may deal with the said
COMPANY, or to whom they shall, or may become
III any wise indebted, shall. on any pretence what
lever have recourse against the separate property
= If any present OF future member OF this Company
OF against their persons; but Any person accepting
any bond, BILL note, policy insurance, or other con
tracts OF the Company, signed ny the PRESIDENT
, and countersignet by the Secretary oil the Compa
" nv, or dealing with il n any manner whatsoever
: thereby give credit respectively to one joint STOCK
. or property Of said Company, aud thereby disavos
" ha,0s recourse to any present or future member
: this Company. except as ABOVE mentioned; anu al
.us 81 ought 81 aihst this Company ct any shall be
shall be brought tgans, the President tor the tims
being and 10 case Of his death, or removal from
= ,,Ace pendlng any such suit against him. measure
: shall be taken, at he expence OF the Company, io
u tina, persons hav. Z any demands against the Com
8 pa, Y, may not lie pref od,ced or delayed by tina
y event ; or il the person first named as defendant
,l(no,withstandlng his death or removal from Office,
y this Company shall AXE no advantage by writ o
, error otherwise, OF such proceeding on that &C
count and all recov.rles had in manner aoi asad
shall be conclusive upon the Company, so lar as Il
: render the Companys said Joint stock or propert.
- liable thereby, and no further; and the Compan,
tnl
out oil their Joint stock but not otherwise; and II
" case of any suit law, the President shall sign hi
appearance or file common bail thereto 1t benI
expressly understood and declared, that all persons
- dealing with the SAID Company agree TO these terms
- and are to be bound her eby.
D .irticte YIV.-The Association shall con,inu
- until the propretors of two thirds oil the capils
- stock OF the Company. by their concurrlng votes
~ gene, al meeting be called for that express pui
!, Dose, dissolve the same Provided, That notice
=" such meeting, and Of its object, shall be publlshe
I. IN the new spapers of the Borough OF Wilmington
and such other the most public notice the nature
" the will require, tor at least three months prt
vous TO the time appointed for such meeting.
.s' .irticle YV.-rhese Articles oil Agreement sha
- be published in the newspapers OF the Borough
vi Wilmington Tor one week !; and Tor the further II
utpfmalion OF all persons who may transact buslne
- with, in any manner give credit to the Compan
ss every policy of insurance, bond bill, note, 9TH
10y nstl ament OF by the efec terms oil Il
Bile f,,,..an 49,, ~ char,,sd or MID Iahla for !,
payment 81 money. shall especially declare, in SUI
Jus manner as the Board OF Directors may prescrit
w that payments shall be made out OF the joint fun
~ Of this Company, according to the present Ariel
'a of the Association, aud not otherwise; and it
osexpressy declared that no engagement can be
VI gally made the name OF said Company, unless
"'' contains limitation restriction TO the eft
om -. .;,, anJ ~ C,,mn.ny ex n,aso,y d;sa -
MI III ..,,,,;,, ~, ~, d.h, ~ announcement ,ph,
this ,;op. "a ,ss,r;ct;ons - ,ha Hec, aforasad
but H. ,,;,,s.s ,vharaoI 60. hava bs,.,n,o 49,