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Federal Gazette & Baltimore Daily Advertiser 1807/01-1807/06 msa_sc3722_2_6_1-0193 Enlarge and print image (4M) |
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Federal Gazette & Baltimore Daily Advertiser 1807/01-1807/06 msa_sc3722_2_6_1-0193 Enlarge and print image (4M) |
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Articles of Association
OF THI
HAGERS-TOWN BANK.
WE, the Subscribers, hereby associate and
Mutually agree to form a banking company,
to be called and known by the name of IVe
HAGEUS-TOWN BANK ; and do hereby
fcind ourselves, and our legal representatives
to the observance of the following- .articles,
viz.
njrt. li The capital stock of the said Bank
shall be limited to five hundred thousand
dollars, to consist of ten -thousand shares sf
fifty dollars each, one-tenth part thereof, or
one thousand shares, shall be reserved for
thus use and benefit of the state of Maryland,
to be subscribed in such manner as the legis-
lature may direct; provided, that the state
shall not-draw a dividend on-a greater sutn
than shallbe paid on such shares ; and the
.remaining nine thousand shares to.be subscrib-
ed ajpreeabto to the allotment herein after
/menti^ped, by opening subscriptions at the
following places, under the direction if the
following persons, viz.
At Hagers-Town, for feCOO shares, by Ja-
cob Schnebly, MiUiiias Shuffner, Martin
Kershner, Henry Shafer ar.djacob T. Tow-
.son.
At Baltimore, for 2000 shares, by Luke
Tic:¦ run, James I. Hawkins, Christian Kcl
- ler, William Matthews and Clement Brooke.
At Frederick-Town, for 1000 shares, by
John Schley, George Baer, jun. Lawrence
Bi'cngle, Roger B. Taney and George Cre;t-
,ger, junior.
At Mlddletown, in Frederick county, for
§00 shares, by Joseph Swearingen, Frederick
rle, James Neale, Thomas Mario w and
Thomas Hawkins,
At Cumberland, in Allegany county, for
5C0 shares, by Hanson Briscoe, J tines Scott,
Benjamin To,raHn#on» David .Lynn and Tho-
mas Be ail.
Art. 3. It shall be the d,.ty of thep-
and director's herein appointed, to have the
articles of this association printed in the news-
papers at Hagci'3-Town, the Herald and
Republican Advocate, in Frederick-Town,
the'Federal Gazette and the American, in
Baltimore, and in the papers Chambers-
burg, in Penhsylvante, and Martinsborg, in
Virginia ; afso, to prepare and transmit to
the commissioners aforesaid, a copy, of the
articles of this association.
Art. 3. The subscriptions shall ba opened at
the places before mentioned by the commissi-
oners, or any two of them, on the first Mon-
day in March next, and remain open for three
days, from 10 to 5 o'clock, each dav, unless
the allotted number of shares are sooner sub-
scribed ; and if there shall be subscribed, on
the first day of opening the subscriptions, at
any of the. aforesaid places, a greater number
.of shares than are allotted, the commissioners
shall, in the.first instance, reduce the highest
subscriptions, but if such reduction shall not
bring the subscriptions down to the number
allotted, then they shall, by lot, determine
whose subscriptions shall prevail, or to Whom
the. shares shall belong j and it shall-be the
duty of the commissioners to return to the
president and directors, a list of the subscrip-
tionsby them taken, certi tied under their hands,
together uiih alt monies by them received on
such subscript!.-us.
? Art. 4. Every subscriber shall pay to the
commissioners, at the time of subscribing, the
sum of five dollars, on each share he or she
may subscribe Mid the further sum of .five
dollars on each share, on the first Monday in
May next ; and the remaining forty dollars in
eight equal instalments of five dollars eSfch in-
stalment, on each share subscribed to be paid
* at the siad bank, as the board of directors may
call for the same, giving two mouths notice
in (he news papej s aforesaid of such calls, but
•which shall not be called for without the con-
currence of two-thirds of the whole of the
directors!; and no such call, a* anyone time,
shall exceed ftve-dollara on each share sub*
B'cril
An. .5. If any sto shall fail to
pay nobis, her, or their instalments, of
h slrare, on the i
May next, such stockholder,shall forfeit, to
the us.' of the company, all monies .paid antU
ceder.tly to such failure or default j but ;:o
Such-forfeiture shall take place, after ten dol-
lars on 'each-share shall have been paid up;
and as it is requisite tin..*; mi ¦..-.. shall he taken
to secure the regular payment of. after ¦
therefore if am stockholder shall fail to make
. regular payment ot any instalment or call
after ten dollars on each share BltuI] have
been paid, such stockholder'-, money .in hank
shall remain Jree from interest, and nut em it-
led to dividend until such insfalroerrt or. call
eh.'.d'-.e mSde good, and the dividend ti, .re-
well
uipOH-'the monies regularly paid, as upon that
¦pah, after the default) shall be calculated only
from the time when said instalment shall be
made good.
Art.6. No subscribe* or stockholder, or
member of the said company, shsdl be answer-
able in bin person or individual |iropertj fiji
rnny , outri et nr engagement of the said com-
pany, cr for any lo s"s< a, di fti fi nci( a, or fail-
ures of {', ' sto< i of the said company,
but the whole of the said, capital stock, toge-
ther with all or o.perty, rights and credits,
belonging to the said institution, and nothing
wore shall, at :U times be answerable for the
demands against the said company.
Art. 7. The affairs of the bank shall be
-managed by tan directors and a president,
seven of whom, and the president, shall reside
in Washington county ; one in Baltimore
county, one in Frederick county, and one in
Allegany county ; these directors shall be cho-
sen by the stockholders in person or by proxy
in lingers.town, on the first MiondSjfjn May,
1808; and on the first Monday in May if, every
i-thereafter j and when the state acquires
the right uH choosing a director, the s
holders shall chuse one director less in Wash-
ington county i and until .the election for di.
rectors, atf aforesaid, in order that this insti-
tution may go into operation as soon as conveni-
enlty may be, the affairs of the bank thai! be
conducted by Nathaniel Rochester, as presi-
,t; and Kile Williams', Thomas Sprigg,
\\ illiam Fitzhugh, Charles Carroll, Jacob Zel.
Ici, Samuel Hughes, jun. William Heyser,
Samuel Claggett, (Baltimore) John M'Pher-
«on, (Fredeiicfc-To'wn) and William M'Ma-
hon. Hi ghany) as directors, whoshall have
Utie power to appoint a cashier and such Other
officers ::: thej shall deem necessary, and
sn.il act in ail pthi etatlve to this ins
pi esident and duvet..
¦ , hereafter to be appointed by the stoefc-
I olders, shall be authorised to do, except that
e compensation to he allowed to the presid.
i nt of the bank shall he fixed and determined
b the first directors to be chosen by the
stockholders.
ling directors, th'rf stockhol-
ders sh-all be entitled to vote as follows : For
uiU share, I " two, one vote
¦ ii ; for cyeryiwo sh' e two, and
d not exceeding teji, one vote ; for e.v«xy
I in, and not conceding thir-
ty, .oucvoto ; lor evvry six. gh-U'SS above llJrly,
I and not exceeding sixty, one vote s for evet-y '
eight shares above sixty, -and not exceeding
| one. hundred, otic- vote ; and for every ten
shares above one hundred, one vote ; but no
p-is in or body politic shail be entitled to a
greater number than thirty votes, and all votes
at elections for directors shall be by ballot, de-
livered in psrsonor by proxy.
Art. 9. No persottihaU be admitted to take
ims seat, as director, unless he shall be at th*
time a stockholder, and if he shall at anytime
cease to be a stockholder, he shall cease to be
.a director
*> Art. 10. If theprcsident shallbe chpsenhcre-
after out of the number of directors, his place
shallbe supplied by the directors from among
the stockholders; if a vacancy shall at any-
time happen among the directors, by death,
resignation or otherwise, the directors shall
elect another to fill the vacancy for the remain-
der of the year, from among the stockholders
and in case of sickness, or necessary absence,
of the president, be shall, in writing, appoint
o-,;_ of the board of directors Jo act, as president
.pro iavn.pore.
Art. 11. The board of directors shall have
power to appoint a president and other officers
and servants, for conducting the business of
the company, and shall fix the compensation
to be allowed them, which expeuees shall bo
defrayed out of the funds of the company.
The board of directors shall also have pow-
er to purchase, lease or rent a proper buil-
ding, in Hagers-Town, for- the bank, at the
expence of the company; they, shall like wise
have power.to make, revise, alter or annua!,
rules, orders, by-laws & regulations for the go-
vernment of the company, and that of their of-
fiftsrej servants, Sc affairs, asa majority of them
shall deem expedient, provided, they a:-; no.,
contrary to law, or the constitution.
Art. {"¦ The company shall in no case he
ued in any article but notes, bills ifex-
i, mortgages,, stock of the United
or bullion, and insuring against lasses by fire,
ejtceptin the cam- ol b s due to the bank,
then they Shall be fully justifiable jn takin;- any
kindof security they can obtain.
htilB. (ha! nary discounts .may be made
bythe president and any tbrecuirectors, but the
president and live directors shall be necessary
for the purpose of transacting the general bu
siness of the company-
Art. 14. Stock in 'che Hager's-Town bank
may be transferred by the holder, in person,
or by power of attorney, at the said bank, but
all debts actually over due to the company by
a stockholder 'offering to transfer, must be
discharged before such transfer shall be made.
Art. 15 Dividends of the profits of the com-
pany shall be made at the end-of the first
year, and half yearly thereafter, and at the
"end of every three, ysars a dividend of surplus
profit shail) be made.
_ it. 16. The books, papers, correspond-
ence, funds, and every transaction of the com-
pany, shall at all times be freely open to. the
inspection ef the directors.
Art. 17. A majority of the directors may,
at any time, call a general meeting of the
stockholders for objects relative to the inte-
rests of the company, they giving six weeks
notice in the public prints, and expressing in
such notice, the point:: or subjects to be deli-
berated upon at such meeting.
Art. 18. In case the' whole, of the shares
,:¦'. those reserved for the state) shall not
be subscribed, on the days for taking subscrip-
' NEW & CORRECT EDITIONS-
OF
LAW BOOKS.
WILLIAM P. FARRAND,
JLAW AND WHOLESALE BOOKSELLER, /
PHILADELPHIA.
L reprinting, correctly, the folk'w'mg valuable Laiv Books, several of •which iv'dl be published
with new references to the later English reports, and to the Reports of Decisions in the
¦ United States, viz. ,
BACON'S ABRIDGEMENT, (Gwilliam's) to be printed from the new and improved editi-
on of this work, the last volume of which is just finished in London.
HARRISON'S CAANCERY PRACTICE, with additions and several new precedents, by
W. Parker.
DOUGLAS'S REPORTS, from.the last London edition, with additions and NEW REFER.
ENCES. . • , "
TIDD'S PRACTICE of the Court of King's Bench is personal actions, printed irom the
new edition, enlarged and corrected by Mr. Tidd.
COWPER'S REPORTS of cases argued and determined in the Court of King's Bench, from
Hilary terra 14 Geo. III. to Trinity term 18 Geo, III. from the new London edition, and
with NEW REFERENCES.
ROBERTS on Voluntary and Fraudulent Conveyances.
BURROWS' Cs'u James*) REPORTS, printed from the fourth and last London edition, with
'notes and NEW REFERENCES.
CSUGDEN'S TREATISE of tne Law of Vendors and Pnrchjisers of Estates ; also
^ ABRIDGMENT of the Laws of NISI PRIUS, part 1. were put to press in December,
Jl_ and are in a forward state.
IT is now fully ascertained.that the inaccuracy of American Editions has hitherto ope-
rated greadv to diminish their value, and to deprive them of the patronage of men who were
best able to support their interests. To those who examine this subject with the attenton it
really deserves, it will evidently appear that there lias been too much cause for censure. It
will also aopear that ill some instances, where great pretensions have been made to accu-
racy, there exists the greatest cause for censure. There might be several instances given of
this 'kind, though it we're to be wisbedtiiey did not exist. Considering, therefore, that such
is the fact; considering also that disppointments may have begotten a still greater want oi con-
fidence in the public mind, and that notwithstanding, there exists a sincere and general wish
rise \merican Publisstions, when they are deserving, Wm. P. Farrand begs leave to
propose the following plan for publishing CORRECT EDITIONS OF LAW BOOKS. He
hegs leave also to solicit the patronage of gentlemen of the bar in aid of his undertaking, and
to express his hopes that the plan he has adopted, which involves an unremitting attention,
.vill be received as a satisfactory voucher for the accuracy and value of his editions.
to theTp.uboc.
(TJ" WM.P. FARR.AND gives this public notice that two.Proc-f-Sbeats of bis Law
Books are put up for public examination ; one at his own Counting-House, the oilier at the
City Library, and that on application at bis count'mg.house he will pay one dollar .for every er-
or discovered in them, which alters the sense .of the passage, or for every erroneous reference.
N. B. 1. The London editions from which we print are to be taken as standards, though
they are very carefully read and numerous errors are corrected before they are given as copies
to print from. 2. Punctuation is so various that the use of points, said to be erroneous, under
the fiill point or period, is not to be considered as subjecting the publisher to the above pe
For Sale,
A TRACT OF L4ND CAl LET) Tffm'i
CONTAINING 102 USsicres, a ou 4mil»s
from Elk Ridge Landing, adjoining the h id
of I.uther Martin, esq on the toad to Mont-
gomery and Frederick counties. ;'About (50
acres is in wood ; about 5 acres of meadow
may be made ; the soil is adapted to planting
or farming ; there is a house, and some fruit
trees on it;
The terms may be known, by applying to
Mr. Jesse Tyson, in Pratt-street, Baltimore,
or the subscriber, in the upper part of Annc-
Arutidle county.
CHARLES AL? XANDER WARF1ELD,
January 19.________________________lnw6w
Encouragement of Lirteature.
BY AUTHORITY.
Scheme ofa Lottery,
FOR THE BENEFIT OF
St.MARY'S COLLEGE, of BALTIMORE
Dolls.
ZJolst.
30,000
13,060
20,000
10,000
5,000
5,000
4,000
10,000
7,5000.
84,000
190,500
24,500
215,000
l,5tro tickets, at \o dollars each, 2l5,ooo
Arrangement of Stationary Premiums—-F/'z-
1st. drawn blank - - §500
1st. do. after 2,000 tickets arc drawn„100O
1 Prize o f
1 do. .
2 do. 10,000
2 do. 5000
5 do. 1000
10 do. 500
' 20 do. 200
K)0 du. 100
150 do. 30
rooo do. 12
7291 Prizes
Stationary pemiums
14209 Blanks — Not ttuo to a Prize.
ty, though errors of punctuation will tie guarded against with the greatest care, and reai
will confer a favor on the publisher by pointing out any error of this kind, should audi in
instance escape the proof-readers.
JUST RECEIVED,
AND FOR SALE B1 WILD1AM P. FARRAND,
SMITH & OGDEN'S TRIAL, price g3.
JOHNSON'S REPORTS, part 1, volume 2, gl 25 cents.
CARR'S IRELAND, wi h the LIFE OF DERMODY, §1 50.-j
THE AMERICAN BUILDER'S COMPANION; or A NEW i
SYSTEM OF ARCHITECTURE, particularly adapted to 1 whole,als onip
the present style of Building in the United States of Amen- f W.-
ca ; containing forty-four Engravings ; by Asher Benjamin and j
Daniel Bayuard, Architects—Price £6. J
nal
¦eaders
any
1st do. after 4,000
1st, do. after 6,000
1st. do. after 8,000
1st. do. after 10,000
1st. do. alter 12.000
1st. do. after 14,000
1st. do. alter 10,00.0
1st. dor after 18,000
l:t. do, alter '.'0,000
Last drawn Blank,
1000
1500
15.00
1 50 0
1500-
15001
15QQ>
1500'
150o
lo,oc0
tious as aforesaid, the board of directors
may open the subscriptions . again, at such
time and place, or places as. they or a majority
.:. proper, .first giving sis
weeks notice of the same, in the public prints.
:V Whenever the state shall becorpe:a
stockholder to %hk amountof twenty thousand
dollars, of (.he rhares rcservad, and shall
have paid up that sum to the bank, she shall
ledtoapp intone director.
Art. '.'- I.en..re the president and directors
such, they shall take an oath, or
affirmation, " that they will faithful!
gently and honestly, perform the duties of
weir station r" and the other officers of the
Bank, "hull take a similar oath or affirm
dl give bond with security, to the satis-
faction of the board of directors, for the faith-
ful discharge of their dutiss in their several
station/}.
Art. 21. All notes offered for discount in
the said bunk, by any person or person^, shall*
mi the (ace thereof, be made negotiame
Hagers-town bank,.and when thedraw
not reside in Hagers-lowu, such note shall he
made payable at the house of some person in
llagi:r.:-town, and notice given by the proper
of tba bank at such house, that such
note hath become due, shall be, to all intents
and purposes held and considcrod to be as
completely bindihg on the drawer and endor-
sers, as if notice had been personally served
on eachcf them.
'At ti. 22. And as the agricultural, maiv'.'nictur-
ing and (•::.nu.'.-iL'nd interests of Washington,
and the adjoining counties, -will be greatly be-
nefitted by this institution, it is believed (Lex-
pected, that the legislature will (as they have
heretofore done in similar cases) granta char-
ter for incorporating the saidcbmpany, & con-
firming-, malting legal and binding the seve-
ral art.cles and regulations before-mentioned,
with such other pi ovisions, as to the legisla-
ture may se |