ARTICLE 2nd.—That the whole fund of certificates raised by this association, except one year’s interest due thereon, mentioned under the first article, shall be applied to the purchase of lands in some one of the proposed States northwesterly of the river Ohio, as soon as those lands are surveyed and exposed for sale by the Commissioners of Congress, according to the ordinance of that honorable body, passed the twentieth of May, 1785, or on any other plan that may be adopted by Congress, not less advantageous to the company. The one year’s interest shall be applied to the purpose of making a settlement in the country and assisting those who may be otherwise unable to remove themselves thither. The gold and silver is for defraying the expenses of those persons employed as agents in purchasing the lands and other contingent charges that may arise in the prosecution of the business. The surplus, if any, to be appropriated as one year’s interest on the certificates. ARTICLE 3rd.—That there shall be five directors, a treasurer and secretary, appointed in manner and for the purposes hereafter provided. ARTICLE 4th.—That the prosecution of the company’s designs may be the least expensive, and at the same time the subscribers and agents as secure as possible, the proprietors of twenty shares shall constitute one grand division of the company, appoint the agent, and in case of vacancy by death, resignation or otherwise, shall fill it up as immediately as can be. ARTICLE 5th.—That the agent shall make himself accountable to each subscriber for certificates and invoices received, by duplicate receipts, one of which shall be lodged with the secretary; that the whole shall be appropriated according to articles of association, and that the subscriber shall receive his just dividend according to quality and quantity of lands purchased, as near as possibly may be, by lot drawn in person or through proxy, and that deeds of conveyance shall be executed to individual subscribers, by the agent, similar to those he shall receive from the directors. ARTICLE 6th.—That no person shall be permitted to hold more than five shares in the company’s funds, and no subscription for less than a full share will be admitted; but this is not meant to prevent those who cannot or choose not to adventure a full share, from associating among themselves, and by one of their number subscribing the sum required.