Federal Gazette & Baltimore Daily Advertiser 1807/01-1807/06 msa_sc3722_2_6_1-0217    Enlarge and print image (4M)

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Federal Gazette & Baltimore Daily Advertiser 1807/01-1807/06 msa_sc3722_2_6_1-0217    Enlarge and print image (4M)

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Articles of Association OF T HB I HAGGR.S-i'UWN BANK. WE, the : mutually :.¦ ) impwty, to )>e called f i'he HA SWN BAN bin;: i, and our lei to the observance of the following ; Art. I. Tii- capital stock of the sai 1 l',aul; Shall be limited to five hundred thousand dollars, to consist of. ten thousand sh fifty dollars each, one tenth part thereof, or one thousand shares, shall be reserved for !'"¦ use -- 1 iTenefit of the state of Maryland, [to be subscribed in such manner a:; the le™in. :lathre may direct; provided, that the state ¦ shall not draw a dividend yn a greater surd (ban shall Be paid on such shares; and the .remaining hinfl thousand shares to be siibscrib. bly to the allotment herein after mentioned, by opening- subscriptions at the f<'Mowing p'.aces, under the direction of the following persons, vi;^. At Hagers Town, for 5000 shares, by Ja- cob .-ehnobiy, Matthias Shafl'ner, Martin Kershncr, Henry Shaffer and Jacob T, 'low. son. At Baltimore, for 2000 shares, by Luke Tiernan, James I. Hawkins, Christian Kel kr, William Matthews and Clement Brooke. At Frederick. Town, for 1000 shares, by John Schley, George Baer, juu. f.awrence Brengle, Roger B. Taney and George Crea- gev, junior At Middlelown, in Frederick county, for ¦^00 shares, by Joseph Swearihgeri, Frederick Sfemple, Jarncjs Neale, Thomas Marlow and :nas Hawkins. At Cumberland, in Allegany county, for SCO shares, by Hanson Briscoe, James Scott, Benjamin Tomlinson, David Lynn and Tho . mas Ticvall Art. 2. It-shall be lhe dr'y of the president rcctora herein appointed, to have the articles of this association printed in the news- papers -a It.; the Herald and j Republican -ViM'cr.te, in Frederick-Town, the F.oderal Ga the American, in BaitimW, and in the papers Chamber?,, burg-, in Pennsylvania, and Martmsb Virginia ; ah the commissioners aforesauJ, a copy pf toe :v tides ol '.'.] ¦ Art. 3. The subscriptions '• dl be opened at ned by I inyroissi- <»¦ :•¦'. v t a o ot them, "' the first Mon- day in March next, and remain open for three days, from 10 toSoVWk, each dav, unless the allotted number of shares are sooner sub- 1 i and if there shall be subscribed, on the bra; day of opening; the subscriptions, at any of the, aforesaid places, a greater number of shaies than arc ai'otted, the commissioners shall, in the first instance, reduce the highest subscriptions, but if sucli reduction shall not bring; the subscriptions down to the number »llotl»d then they shall, by lot, determine whose subscriptions shall prevail, or to whom the shares shall belong-; and it shall be the duty of the commissioners to return to the president and directors, a list of the subscrip- tionsbythem taken, certified under their hands, tog-ether with all monies by them received on such subscriptions 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 and the further sum of five dollars on each sha'o, on the first Monday in May next ; and Use. remaining forty dollars in eight equal instalments of hie dollars each 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 months notice in the news papers aforesaid of such calls, but which shall not be called for without ihe con,. ourrence of twoitbirds of the whole of the directors, and no such call, at anyone time, shall exceed five, dollar:; on each share sub- scribed. Art. 5 i" fail to pay op his, her, or tlu-ir instalments, of five dollars on each share, on 'lie lir.-' Monday in j May next, such stockholder shall forfeit, to til'- use of the company, all monies paid apt'i- cedentiy to such failure cr default; but no sea forfeiture shall take place, after ten dol- lars on each share shali have been paid up; mid&sil is i o means shall be fakan lojsecu . r call-, ij a if an; I ¦ Hi all tail to make regular payjnenf ol any h tnlmeht or 'call -.!'.¦ i- ten d ¦¦ :' have been paid, such stockholder*! in bank shall remain friSt*. from inten t entit- led to dividend until such instalment or call shall la sod, and the dividend there- after to be paid to such stockholder, (as well oies regnlarlj ; -n that paid after the default), shall be Calculated only from ihe time when said instalment shall be good. m Art. 6. No subscriber, or stockholder, or member of the said company, shall be answer- able in his person or individual property for any contractor cngagenu-- t. of the said com- pany, or for any losses, deficiencies, or fail urea of the capital stock of the said company, but the whole of the said capital stock, toge- ther with all oroperty, rights and credits, belonging' to the said institution, and nothing more shall, at all times be answerable for the demands against die said company. Art. 7. The affairs of the bank shall be managed by tan directors and a president, si vi;i 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 Hagevs-towii. on the first Monday in May, 1808, and on the first Monday in May in every year thereafter; and when the state acquires the right of choosing a director, the stock- holders shall chuse one director less in Wash- ington county ; ancl until the election for di- rectors, as aforesaid, in order that this insti- tution may go into operation as soon as conveni- enlty may be, the affairs of the bank thall be conducted b}' Nathaniel Rochester, as presi- dent ; and 1-.lie Williams, Thomas Sprigg, William Fitahugh, Charles Carroll, Jar-.obZel- ler, Samuel Hughes, jun. William Heyser, Samuel Clftggett, (Baltimore) John M'Pher- son, (I'^deriek-Town) and VVilliam M'Ma- hon, (Alleghany) as directors, -who.shall have the. power to appoint a. cashier and such other officers as they shall deem necessary, and shall act in all other things relative to this in- siituiion, as fully as the president and direct- ors, hereafter to be appointed by the stock- holders, shall be authorised to do, except that the compensation to be allowed to the presid- ent of the bank shall be fixed and d< termined fey the fust directors to be chosen by the Stockholders. Ait 8. In!choosing directors, the" stookhol- ders shall he entitled to vote as follows : lor orve sis are, and not. exceeding; two, one vote Bach; lor every (wo shares above two, and mid not exceeding ten, one vote ; for evf ry fo-.ir shares above ten, and not exceeding; thir- 4j, cue vot*; for ewrj six shares above thirty, .vicl not e.«e.e.ding sixty, me veto ; for every eight shares above sixty, ancl not exceeding en." hundred, one vote ; and for every ten s!»«rcs aboye one hundred, one vote ; but no n or body politic shall be entitled to.a aum'-er than thirty votes, and all votes for directors shall be by ballet, ds- Of bj |U'o"y. Art 9. No person shall he admitted to take it Ss director, unless lie shali he at tha tho ¦ ast ¦"! holder, and if he shall at anytime dease to he a stockholder, he ahall cease to be a director * Art. 10. If theprcsident. shall be chosenhere- after out of the number of directors, his place shall be supplied by the diraetors from among the stockholders; if a vacancy shall at any time happen among the directors, by death, resignation or otherwise, thc-directors shall . loot another to fill the vacancy forthe remain- der of the year, from among the stockholders and in case of sickness, or necessary absence, of the president", he shall, in writing, appoint one ofthe board of directors to acta.? president ¦ ipor/!. Art. 11. The board of directors shall ha-re power to appoint a president and other officers and servants, for conducting the business of the company, and shall-fie the compensation to be allowed them, which expeiices shall be defrayed out ofthe funds ofthe 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 likewise have power to make, revise, alter or annual, rules, orders, by-laws & regulations forthe go- vernment of the coinpair,, and that of their of- ficers, servants, &an'airs, asamajorityofthem shall deem expedient, provided, they are not contrary to law, crthe constitution. Art. 12- The company shall in no case be concerned in any article but notes, bills of ex- change, mortgages, stockofthe United Stat .3, or bullion, and insuring against losses by fire, except in the case of debts due to the bank, then, they shall be fully justifiable in taking any kinder security they can obtain. Art. i;5. Ordinary discounts may be made bythe pre sident and am, t.iiree directors, but the president and live directors shall be necessary for the-pu.'.'pose of transacting',the g-eneralbu siness of the company. Art. H. Stock in the Hager's-Town hank may be transferred by the holder, in person, a '.., pnwerof attorney, at the said bank, but all debts actually over due tothe .company by a stockholder offering to transfer, must he discharged before such transfer shall be made. Art. 15 1 jividends 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 oi'every three years a dividend of surplus prolit'shall be made. Art- 16. The books, papers, correspond- ence, funds, and every transaction ofthe com- pany, shall at all times be freely open to the inspection of 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 points or subjects to be deli- berated upon at such meeting. Art. 18. In case the whole of the shares (except those reserved for the state) shall not be subscribed, on the days for taking subscrip- tions as aforesaid, the board of directors may open the subscriptions again, at such time and place, or places as they or a majority of them may think proper, first giving six weeks notice of the same in the public prints. Art. 19. Whenever tie state shall become.a stockholder'o the amount of twenty thousand dollars, of the shares reserved, and shall have paid up that sum to the bank, the shall he entitled to appoint one director. Art.W. Before the president and directors shall act as such, they .shall take an oath, or affirmation, " that they will faithfully, dili- gently and honestly, perform the duties of their statii ii.j" and the other officers ofthe bank, shall take a similar oath or affirmation, and shall give bond with securit), to the sat is. faction of the hoard of directors, for th#faith- ful discharge of their dutiss in their several stations. Art. 21. All notes offered for discount in ihe said bank, by any person-or persons, shall, on the face thereof, be made negotiable at the ¦town bank, and when ihedrawer shall ijot reside in Ilagers-tow-n, such note shall be mad payable at the'house of some person in .-town, and notice given by the proper servant of the bank at such house, that such note hath become due, shall be, to all interns and purposes held and considered to be as completelij' binding on the drawer and endor- sers, as if notice had been personally served on each of them. - rti. ',12. Andasthe agricultural, manufactur- ing ai d commercial interests of Washington, and the adjoining counties, will be greatly be- nefitted by this institution, it is believed & ex- pected, that the legislature will (as they have heretofore done in similar cases) granta char- ter for incorporating the said company, & con- firming, making legal and binding the seve- ral articles and regulations before-mentioned, with such other pi ovisions, as to the legisla- ture ma}' se«;m proper, provided they shall not be inconsistent with the articles of this agree- ment. The board of directors are hereby di- rected to present a petition to the legislature for this purpose, with a draught of an act of incorporation, agreeably to the principles here- in laid down ; they are hereby directed also, to petition ler, and. endeavor to obtain in the charter oract of incorporation, a power for the said company to insure against losses by fire. Given under our hands, this day of 1807. N. B. It is believed, that not more than 10 or 15 dollars a share will be wanted to consti- tute a sufficient capital for the first year ; k if the shares are all subscribed, it is presumed that not more than 20 or25 dollars a share, will ever be wanted or called for. ffj3 The editors of the Frederick-town He- rald and Republican Advocate, at Frederick- town ; of the Federal Gazette and the Ame- rican at Baltimore ; of the Franklin Reposi- tory at Chambersburg ; and of the Berkeley and Jefferson Intelligencer at Martinsburg, are desired to publish the above articles of as- sociation, once a week, until the 1st Monday in March next, in their respective^iapers, and transmit their accounts to the president of tile Hagers-town bank, at Kagers-town, for payment. Dividend. The creditors of James M'Candless, late of Baltimore county, deceased, are requested to bring in their accounts properly authenti- cated, on or before the l6fh March next, and on the first day of April next, there will be a distribution of the assets in hand made at the house of the subscriber in Charles-street, all who may neglect this notice, will be ex- cluded the benefit thereof. THOMAS C. JENKINS, Administrate* of Jamss M'Candless. jf»bro«rj L3. lawiitj) NEW & CORRECT EDITIONS OF LAW BOOKS. WILLIAM P. FJRRJND, LAW AND WHOLESALE BOOKSELLER, PHILADELPHIA. Is npr'mthtg, correctly, the follanmng valuable Lars* Books, several of tvhicb 'will be published with new references to the later English report.:, and to the Reports of Decisions in the .United States, viz. BACON'S ABRIDGEMENT, (Gwilliam's) to be prated from the new and improved editi- on of this work, the last volume of which is just finished in London. HARBISON'S CAANCEBY PRACTICE, with additions and several tow precedents, by W. Parker. DOUGLAS'S REPORTS, from the last London edition, frith additions and NEW REFER- ENCES. TXDD'S PRACTICE of tho Court of King's Bench in pftrsonal actions, printed from the new edition, enlarged anii corrected by Mr. Tidd. COWFER'S REPORTS of cases argued and determined in the Court of King's Bench, from Hilary term "14 Geo. III. to Trinity term 18 Geo. III. frbn&the new London edition, and with NEW REFERENCES. PvOBEUTS on Voluntary and Fraudulent Conveyances. BURROWS' (Sir James) REPORTS, printed from the fourth anC last London edition, with notes and NEW REFERENCES. rSUGOEN'S TREATISE of tue Law of Vendors and Purchasers of Estates ; also < ABRIDGMENT of the Laws of NISI PRIUS, part 1. were put to press in December, £ and are in a forward state. IT is now fully ascertained that the inaccuracy of American Editions lias hitherto ope- rated greatly 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 \»ith the attention it really deserves, it will evidently 'appear that there has oeen too much cause for censure. It will also appear that in some instances, where great pretensions have been made to accu- racy, there exists the greatest cause for cenoure- There might be several instances given of this kind, though it were to be wishedthey did not exist. Considering, therefore, that such is the fact; considering also that disppoisitmetits may have begotten a still greater want of con- fidence in the public mind, and that notwithstanding, there exists a sincere and general wish to patronise American Publications, when they are deserving, Win. P. Farrand begs leave to propose the following plan for publishing CORRECT.EDI1TONS OF LAW BOOKS. He beg-s leave abo to solicit the,patronage of gentlemen, of. the bar in aid of his undertaVing, and to express his hopes that the plan he has adopted, which involves an unremitting ateention,, will be received as a satisfactory voucher,for the accuracy and value of bia editions. TO THE~FUi3LIC. CO" WM. P. FARRAND gives this public notice that twoProof-Sheats of his Law Books are put up for public examination ; one at his own Counting-House, the other at the City Library, and that on application at his counting-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 full point or period, is not to be considered as subjecting the publisher to the above penal- ty, though errors of punctuation will be guarded against with the greatest care, and readers will confer a favor on the publisher by pointing out any error of this kind, should such in »ny instance escape the proofreaders. JUST RECEIVED, AND FOR SALE Bl WILB1AM />. FARRAMB, SMITH 8c OGDEN'S TRIAL, price §3. JOHNSON'S REPORTS, part 1, volume 2, g>l 25 cents. CARR'S IRELAND, will the LIFE OF DERMODT, gl 50.1 THE AMERICAN BUILDER'S COMPANION; orA.NEW SYSTEM OF ARCHITECTURE, particularly adapted to i .„. , , the present stile of Building in the United States of Ameri- f Wholesale on^r. ca ; containing forty-four Engravings ; by Asher Benjamin and Daniel Baynard, Architects—Place Jg6. JUST PUBLISHED, (Price g 1.) .BY WILLIAM P. FARRAND, PHILADELPHIA., And for sale at the Book-stores in this city, The Lijc of Charles yanies Fox. Written by R. C. Walpole, esq. February 6. 2awSw MMtaMad Charitable Marine Society L O T T E R Y. THE subscribers having been appointed by the members of said society, managers of a lot- tery, authorised by the general assembly of Maryland, intend to raise a sum of money to aid the funds of said society 5n extending fur- ther relief to the indigent widows and helpless orphans, oiler to the public the following SCHEM E. 1 Prize of 5000 Dollars is 5000 1 .do. 25u0 do. 2500 2 do. L500 do. 3000 4 do. 750 do. .3-00 10 do. 300 do. 3000 20 do. 150 do. SuOU 40 do. 75 do. 3000 80 do. 30 do. £400 200 do. 20 do. 4000 800 do. .10 do. 8000 5000 do. 6 do. 30000 1 First drawn blank &O0 1 After 2000 tickets 200 1 4000 200 1 .6000 200 1 8000 400 1 10000 400 1 12000 500 1 14000 3000 1 16000 2000 1 Last drawn blank 3O00 'g 75000 15000 Encouragement of Lirteature. BY AUTHORITY. Scheme of a Lottery, FOK THE BENEFIT OF St.MARY'S COLLEGE, ofBALTIMORE JDolh. Dolsi. 1 Prize of - - 30,000 X do. - ¦- 15.0UO 2 do. 10,000 - 20,000 2 do. 5000 - 10,000 .5,000 .5,000 - 4,000 10,000 7,5000. 84,000 5 do. .1000 10 do. ,500 20 do. 200 100 do. 100 150 do. *> 7000 do. 12 7291 Prizes Stationary pemium* 190,500 24,500 14209 Blanks — Not tvio to a Prize. 215,000 6168 Prizes amounting to .11832 Blanks. Sum.raised including expence 18000 Tickets jit 5 dolls, each is g 90000 From the above Scheme, it appears that there are less thantwo Blanks to a Prize; and that the Prizes are to be paid without deduction The advantages offered to adventurers, and the very charitable object to which the money isto be applied, induce the Managers to hope, that a speedy sale of the tickets will enable ths-m to commence drawing at an early day. All prizes will be paid in sixty days after the completion ofthe drawing, and such prizes as ate not demanded within twelve montiis, will be considered as generous donations to the truly charitable object of the Lottery. Tickets may be had of the Managers, and such other persons as they may appoint to sell. Prizes in the Lotteries nov> drawing in tins city, ivill be received in payment for tickets. MANAGERS. William. Mathevia, Daniel IlotaUind, Thurndick Chase, If&hn Ogston, Tobias Ii. Stansbury, Thomas 'Pennant, John Snyder, Thomas Sprigg, and 'J'imnthy Gardner, Peter Gould. Thomas Roqtrs, February 10.______________Ttl For Sale, A two-story Brick HOUSE and LOT, 30 feet front on Msrket-street, Fell's-Point, and about 2C0 feet deep. One ditto and LOT, 30 feet front onvShake- spear-street, about 107 feet deep. One small Frame HOUSE and LOT, 15 feet front on Ann-street, running back about 160 feet to an alley. The above property is subject to ground rent, and offered on very moderate terms, by the subscriber, who wishes to settle all-his affairs immediately. If not disposeclof previous to the first of April, it will on that day be sold at auction for cash. P. DAWSON. January ,$. eo2w-la\vTstAp 1,500 tickets, at lo dollars each, 215,ooo Arrangement of Stationary Premiums—Viz 1st. drawn blank - - g500 1st. do. after 2,000 tickets are drawnjl 000 1st. do. after 4,000 - - 1000 1st. do. after 6,000 .- .- 1500 •1st. do. after 8,000 - - 1500 1st. do. after 10,000 - - 1500 1st. do. after 12,000 - - 1500 1st. do. after 14,000 - - 1500 1st. do. after 16,000 - - 1500 1st. do. after 18,000 - - 1500 1st. do. after 20,000 - - 150o Last drawn Blank, - - lo,oo0 Dollars 245oo, 15 per cent, on g215ooo it - 32,,25o Sum tote raisedbythebntery - 3o,oco llxpences of the lottery • - 225o -----------32,250 The prevailing disposition to encourage the progress of Literature--the peculiar favor which St. Mary's College has enjoyed—and the many splendid chances offered to adven- turers by the above scheme, induce the ma- nagers to anticipate a rapid sale ofthe tickets. The drawing will commence as soon as a suf- ficient number is sold to authorize it. The managers have given bond to the state in the penalty of sixty thousand dollars, for the faith- ful payment ofthe prizes, which will be paid subject to a deduction of 15 per cent, 30 day", after the drawing is finished. Prizes notjde- manded within a twelve-month from the com pletion ofthe drawing, will be considered as a donation to the College. Tickets to be had ofthe Managers, or to such persons as mav be authorised by them* William Du Boorg,"] John Tessieu, Luke Tieunan, Robert Wai.sh, William Lorman, Alexander M'Kim, Henry Wilson, Samvei. Sterett, James M'Henry S. Hollingsworth, Lewis Du Bouao, Pkiiij Laurenson J March 3i *olm-la.w State "of Mar},' ry County, to wit : No-.- in, 18"f>. AMONG other things is tire . to v. it ; ORDV. BED by the court, that all si lit:, trans. nutted, from the gener ! court to this court) un- der the act of ass- mbly, entitled, an art to provide for th« organization and .;;¦¦..!:.' . '.-. of the courts of common law in this state, .and for the administration of justice, tuul-coiitiiiued h.t court under tho rule to eni(ifl^i\e« coun- sel, shall not continue longer tn u: he eafl of the next court, under the said rule ; and- the suitors interested therein are hereby reauiied to appear to tiie same, in person, or bj coun- sel, on or h second day pf next ter or tho same will Be fried or discontinued aa the case may be, during the said term. Copv. Test, UPTON BEALL, Clerk, Montgomery county court. January 1. I.iwl7t P. Williamson's celebrated. PLASTIC Tf/R£E SLIT ATA PALICP1:N, which has been pronounced, by many of the most eminent penmen, to be tar superior to any metallic Pen that has ever been made heretofore, either in Europe or America ; it is well known that all the Pens upon the for- mer principle have been wanting in tnat : 'li- ability which all Pens should have in order to write with smoothness and rapidity, which in this is happily eiiected by the two additional side slits. Also, Perpetual Almanac Cases with runs or Pencils or both, the novelty and utiliVy of which will render it far preferable lo sir com- mon pencil case, the difierence in the price being insignificant, may be bad of the. above, or Mr. George Aiken, No. 72, Market-street, Baltimore. N. B Considerable discount made to those who purchase a quantity. January 2.________________ law lo Rent, A large-new 2 story Brick WAREHOUSE and CELL A :,.h a convenient Back-build- ing, all iucotop.e'it order, sufficient toaeoom- ntodate a large fV- ,ily, with a pump of excel. i-ut water at t . . , and the use of a large va- cant lot adjoining. It is an excellent stand for the flour and grocery business, & No. 66, Kcwly's wharf' October SO. law ii»»wiii«awiL»mijjm..'Miu«»iJlJ-——rmm¦iinw.Uw.i .^ti'if^ PRINTED AND PUBLISHED BY JOHN }>EWES, OpjiQsite the Post-Office, St Paul,s-Law% BALTIMORE.