Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1830-08-16


ALEXANDRIA CANAL COMPANY
SEC. s. find be II further elacfef. That. when
ever one-half, or greater part, o the sand stock
shall have been Subscribed IN the manner af0rc-
said, then the subscribers, their heirs and as
signs, shall be, and are hereby declared to be-
incorporated into Company, by the name OF the
Alexandria Canal Company, and may sue anu
he sued as such, and as such shall have perpe-
ual succession, and a common seal and 1t shall
,hereupOn be the duty of the said Commissioners,
~ majority Of them, to cali general meeting
,f the subscribers. as they, majority vi them,
shall appont. after advertising the same III such
public prints Us they, or majority of them, may
thnk proper, and Sllch Of he s0,d Subscribers as
.iaN Be W sSe,.i It the said meelng or a majority
81 them, are hereby empowered and required to
elect a President and six Directors, for conduct
ing the said undertaking, and managing all the
Sad Company's business and concerns, Tor and
during such lime, net exceeding three years. as
the said subscribers, or ma ority OF them, shall
thiuk fl; anh in counting the votes OF all general
meetings OF the said Company, each member
shall be allowed one vote for every share as far
rs ten shares, and one vote for every ten shares
above ten. By him or her held at the tine, in the
stock Of ;he said Company: and any proprietor.
by writing, under lis Or her hand. executed be-
Der OF proprietor to vote and act a, proxy for him
Or her, at any general meeting.
SEc. 6. And 70 continue the succession Of the
said President and Directors, and to keep up the
s1ne number,
BE Il enacted. That. from time 10 time. upon
tue expiration of the said term for which the said
President and Directors were appointed, the
stockholders Of the said Company, at their heXt
general meeting, shall either continue the SAID
President and Directors, or any of them, choose
others in their stead; land until such choice be
made, the President and Directors, for the time
being, shall continue in otlice;l and in case OF
The death, removal, resignation. or incapaCity of
the President or any of the Directors may and
nall, in manner aforesaid, elect any other per-
son or persons 10 be President and Directors
10 the rou,n Of him or them so dying, removing
or rcsisaing; and may. at any one o their general
meetings, remove the President, or any OF the
Directors, and appoint others for and during the
remainder of the term, for which such person or
persons were at first to have acted.
SEC. s. .fldbe it further enacted, That the
presence, in person or proxy, Of the stockholders
holding major part of the stock. at least, shall
be necessary 10 constitute general meeting of
the stockholders, which shall be held on the first
Monday in May, in every year, at sucL convent
by the said general meetings; but, if sufficient
nlmber Shall not attend on that day, the stock
holders who do attend. may adjourn from time
10 time, until the stockholders holding the ma
l1r part of the stock do attend, aud the business
OF the company is finished; TO which meeting
The President and Directors shall make report
aud render distinct accounts of ali their proceed
ings.
-aNS-
II TIE SfocIkJlierS IN the .Aeraadia Canal
Company.
Do YOU hope for the prosperous issue Of your
undertaking? Then suffer not your votes at the
approaching election of Directors to be influenced
D. those who are now intriguing toattain their
private purposes. Errors are easily committed.
which are often difficult, sometimes impossible
20 repair. am, fOr the sake of our general in
terest, much concerned to find an active cabal
on foot 10 exclude from the directory one person.
Nhc, tits well known, hath been one of the most
early, uniform. jealous and able promoters OF the
object so Important to US. Whose capacity and
fitness for the duties of Director, are equalled
b. very few. and exceeded by no one in the va
rous tickets published. You may. aud YOU proba-
bly, will, hnd 1t proper to c0nciiate some, whose
influence 10 favor Of, or opposition to that sub
icriptiOn we hope for, may be of Importance to
the completion of our work On that point we
have not among Us his equal. He is absent and
knows not me as the advocate of his election
address YOU freely of my own accord; sense of
nv own fair interests, In this case the same as
yours, being my sole motive. the act needs no
apology. \ SrOCKHOLDER.
August IA. Note Candidate