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- |
|
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.
625341 = 016-165a.html