I. Heads of the Articles Relating to the Land Concern
AD: American Philosophical Society
Heads of Articles
[June?, 1769]
1. Apply to the King for a Grant of 2,400,000 Acres to be located
2. The Land to be divided by the Company into 60 Shares 40,000
3. No Partner to hold less than a Share or [in margin: and no Per-
4. Name of the Company.
5. A Majority in [blank] Days after Exec[uting] the Articles, to
6. Election to be annual. Committee and Treasurer of preceding
7. Committee and Treasurer to meet twice a Year, or oftner, and
8. Quorum to consist of [blank] shall have full Power to order the
9. Any of the Company may examine the Papers.
10. In Case of Death, Absence or Incapacity, surviving or re-
11. Partnership to continue 10 Years.
12. Wm. Trent and S. Wharton constituted standing Agents in N
13. The Company shall furnish said Wharton and Trent with such
14. Said Tr. and Wh. with or any three [in margin: too few] of them
15. A Sum not exceeding [blank] Pounds per Share shall be ad-
16. That the said Tr. and Wh. and [blank] or a Majority of these
17. That the said Tr. and Wh. and [blank] shall keep fair and regu-
18. The said Tr. and Wh. shall not receive or be intitled to any
19. No one of the Company to be allowed any Comm[issio]n for
20. Each Partner’s Share liable to the Company’s Demands against
Lastly. At the End of the Term, all the Lands to be divided, and
Endorsed: Heads of the Articles relating to the Land Concern.
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