Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1830-02-05

ce''I =, termination, or other point on the
rom ~ and Ohio Canal. to such place in
Ch'''p of Alexandria as the Board OF Direct
ae w. n .nnoin,; and out ofthe money arising
H''" y. .uhscrp,ionsStolls.to Eayfor the same,
'O'" r.nair and keep in order the said Canals,
A'G and other necessary works thereto, and
So All incidental charges, and also to ap-
. rrs,,urer, Clerk, and other officers,
pI .,,h,rers, managers, and servants, as they |
IN ;adse requisite, and to agree Tor and set
,tsir respective wages or allowances, and to
- o,ss and sign their accounts; and also
~ - and establish rules OF proceeding, and
n,,,t al other business aud concerns OF
=. .,;d Company, iu and during the intervals
~, .,,,ssrn the general meetings OF the same; and
80 .hall be- allowed, IS a compensation tor
"s!, ,ronble therein, such sum o. money as
IN no \ general meeting Of the stockholders,
., J.,erminea: Prorided G!,oays, That The
r-.e,nrsr shall give bond. in such penalty, and
-, .,ch security, as he said President and
D.,clors, or q majority OF them, shaii drec',
=. tho true and faithful discharge OF The rus
,,,ossd in him; and that 'he allowance to be
.,sl. hin for his services shall not exceed
.nr.s dollars in the hundred, for The disburse-
osn,s by him .de; aud tina, no officer IN the
Coupany shall have any vote IN the settlement
=, payment Of his own account.
SEC S. ind be IL further enacied, That, on all
observations there shall be paid, at the time
g The subscription, on each share, one doi'a';
,ra thereafter, when the Company shall be
C,rmsd. the sock subscribed snail be paid IN
,,h ipsialmenls, and at such times, as he Pre-
';d.,, and Duectsrs shall, from imr to time,
.souire. az the work advances: Pyowdei, That
~, more than one half shall be demanded
uihin any one year from the commencement
Of the work. nor any payment denandtd un'ii
A., lss,, thirty DAYS public notice hereof shall
have been given in such puolc newspapers as
,bs said President end Directors snali direct
such notices 10 bt published in and, whenever
any sub.c iber shall fail 10 pay any ins'almen'
called for by the Company, i, shall and may be
lawful for the Company, upon mo'ion, To be
made in any Courl Of Record, afer ten days
notice, to OBJ ain jodgmer; against the sab
,eriber so failing TO pa,; or toe said Company,
At heir op,iuu, NAV sell The sock OF such SUBJ
Nribtr, alter giving sky days notice in such
public newspapers as hey may Judge proper:
and iflhe proceeds Of sucn SALE shall exc ed the
sum demanded, the So plus, afer paying the
,xDepses # such sale, snail be paid to the sub
and ,hr pure haser at SUI h lie shall become a
rockboldrr, a"d be subject TO The same ruls
AID regulations, aud -nliied 20 the same pri-
yileces, righ's, aud em"luments, a. original
subs rihers u"der this act.
SIC 6 AnS, TO con inu" the succession of the
said Presrden, and Directors. md TO keep up
the same number, be II enacted, That, from time
70 lime, uron the expiration Of the said 'eim
Il
y-re sppon,ed, The stockholders Of the said
Company, a, their mex, general mee'lng, shall
either oontirue tine ,aid piesiden, and Direct.
ors, or any Of them, CHOOSE others IN her
stead; and. unul such choice BE made, the Pre-
siden and Directors for the ZINE being shall
con inue il off re;) and in case OF The drath re-
moyal, resignation, o. incapsbili OF the Presi
dent, or suy Of he d ectors, may and shall, III
manner aforesaid, elect any other person or
persons TO be- Pre- sideRt AMI Directors, in the
room Of him or them, 50 dying. removing, or
.sslgning; end may, a. any one Of their general
meetings., remove he p esideni, or any Of The
Directors, aud appoint Others for aud during
the remainder OF the term for which such per
son or pers MS were At first to have acted.
SEQ find Be IL further enacted. Tha, every
President ano Duecior, before he a"is as such,
shall rske an oa,h o, af6rmaiion, for the due
execution Of his ofi'e.
SIC. s find be At further snacted, That the
presence, 10 person OF proxy, Of the s'ockhpld>
srs having major part Of the sock, at least,
shall be Necessary tOccns'ituVe general meet
Ba IT the st"ckholders. which shall he held on
tn FIRST Monday in May, in every year, 4, such
Convenient place as shat be from time 10 time
appointed by he said x, nerai meetings; but IT
suti Ie' number shell no; a tend on tia, day.
th' ., khOfders who do attend may adjourn
from 'im' 10 time until the stoc kholdrrs hrlL.
ing he ma lpr part Of III, sock do attnd, and
the busITe's OF the Company is finished; to-
which meeting the President ano Directors
shall make report, and render drs,i"ci accounts
Of al heir proceedings; sud, on finding them
iar'y and justly stated, the ockhod ers then
qre,en', or majority "r h, m, all give cer-
IN se nerrof duplicate Of which SILL De en-
SNc on The Compsny's book; aud. a. such
year,! genera meetings, after lca,rg in The
aaad' OF the treasure such sums IS the stock
h'id'rs, or majority Of hem. shall Judge ne
Ssssary, Tor repairs and contingent ch rrges, an
EQUAL dividend Of oil the nett prof s arising
rom he tolls hereby grained, shall he
orisrrd and made 10 ard among all he stock,
MI