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

We have been politely favored with -.
oil the following bill, which, as bishl, in ~
tan, to our citizens, we hasten to publi,h w.
MIR HkMrHrLL, from The commit,s.
'ual Improvements, reported the folloviD, rr
which was read twice, and Commit
COMMITTEES Of she whole House:
A BILL to incorporate the Alexandria Canal r.-
Be II enueied by the Senate and Ham,. =, ~,
pressnfafiocs Of the United States of ysy,y,. a.
Congress assembled, That---~F
be, and they are hereby, appointed Conn.,
sioners, any Of whom shall be compe,en, ,..'
to receive subscriptions 10 me cspit,I ,,..,
the company hereinafter incorporated ~
said Commissioners shall caus. books "a + ~
prned a. such times and places as The, :
think f., under The management Of such 80
sons as they shall appoint for rec.ivir, y. rs
scriptions to the capital stock Of he ,,5 c y.
pany. which subscriptions may be mad. ,is,
ir person or by power Of attorney; and ,o,.
shall De given by the said Commissioners a =
time and place Of opening the books
SEC. find bel further snaet.d, Th,, 3,
said Commissioners shall cause the DO k,n.
keep oprn q, leas, twenty days, and within :,
~ days after the expiration thereof Shall ,,r,
general meeting OF The subscribers Al N, ~,
Of Alexandria, Of which meeting notice ,h,p,.
given by M joriiy OF the COMMISSIONS, i,
least one newspaper published in The Cir,
Washington, and one published in tn TOW,
AIsxsndria, a. leas' rweny DAYS next bsfOr. :
said meeting; and such meeting sh4Il adm
be continued ubu! The business shall br f,i,b.
ard ihe Commissioners, at the time and D,,
aforesaid, shall lay before the subscribers 4.
books containing the state of IN. said .ub-d.
ton, and ifone.Iourih Of the capital sum ol,s
hundred and 6f'y thousand dollars should "
appear to have been subscribed, then III, 81
Commissioner, or majority Of Them, ar, n.
powered 10 take and receive sub.criotio.s|
make up such deficiency, and may conn,p
take and receive subscriptions for ,hr term Il
twelve months thereafter; and Just and I'M
list Of all subscribers, with the sum sub.trly
by each, shall be made out and re urued ), h
said Commissioners, or a majory Of he
under :heir hands, TO the Secre, ary Of III, Is
sury Of thu United States, to be carefully D..
served; and il case more than two hundred \.
Fifty thousand dollars shall br subscribed hr
he sum subscribed shall he reduced 10 hl
noun, by the said Commissioners, CT m.ir
ity Of them, by beginning at, aud striking u
share from, the largest subscription Or ,ub,cr.
tions, and continue to strike of share from
subscriptions under the largest, and above ca
share until The same shall be reduced 10 Il
capital aforesaid, or until share shall be l.,s
from all 81 descriptions above one share n.
lots shall be drawn between subsc ibers 0f,Ss
sums 10 determine the number Of shares WIN
each subscriber shall be allowed 20 hold "
lis, to be made fer striking of, as afpes,t 1t
" the sum subscribed shall excred ih. u,i
aforesaid, then TO strike OF ny the Sam u,
until he sum subscribed shall be r-duc.dn \
capital aforesaid, or all subscriptions ttwt
10 one share, respectively; and if lhrr b' 81
an excess, hen loIs shall be drawn 10 de eni
he subscribers who are 10 BIZ excluded mort
To reduce he subscription to the capital .fn
said, winch striking off shall bs Ger l6t~
list aforesaid; and tn. capital stock Of The Ca
pany hereby incorporated shall consist Of
hundred and fifty thousand dollars, divided
10 shares Of one hundred dollars each, oiThf
every person subscribing msy lake and 81
scribe for one or more whole share. P'rzI
That uul-ss one. fourth OF the said cspli 81
be subscribed, as aforesaid, all sabs'fIp'nI
under this act shall be void; and in cM ~
fourth, and less Than the whole, shall h ~
kau -
iority Of Them, are hereby empowers r'
rected % take and receive the >ub,cn -
which shall first be off.r.d in whole 'hsT.N
aforesaid, until the deficiency shall be m'd'f
a certificate OF which additional sub"rpNI
shall he made under The haads Of the saId''s
rnIssiuners, or = ma orlty "fthem, Tor u'"'
oeiue, and return d. IS aforesaid.
SEQ 8 find be ii further enacted, That vel
even "nr half, or a greater par, Of lux y"
s,oyk shall have been subscribed IN me H'''
aforesaid, then thr subscribers, their HeH
assigns, shall be, and are hereby drelHoY
incorporated in'o company, by 'ht '''
the Alexandria Canal Company, and III"
and be sued as suci and as such SHAH nave
petual succession, and common sea; az
stall rhrreupon be the du'y OF The So"
missioners. or a majority OF ihfm' 'o'"
genera meeting Of the subscribers as 10y
d majority Of them, shall appoint, "fe ~ y.
Using the same in such public prin''
or majority OF them may think ps"Pr
such of the said subscribers a, s'aii DE- ".'
at he saiG: meeting. or majority OF "tm ,..
hereby empowered and required 10 ' 'as
President and six directors, Tor conduf,Is
said undertaking, and managing 81 ''I ~