ARTICLE 7th.—That the directors shall have the sole disposal of the company’s fund for the purposes before mentioned; that they shall by themselves, or such person or persons as they may think proper to entrust with the business, purchase lands for the benefit of the company, where and in such way, either at public or private sale, as they shall judge will be the most advantageous to the company. They shall also direct the application of the one year’s interest, and gold and silver, mentioned in the first article, to the purposes mentioned under the second article, in such way and manner as they shall think proper. For these purposes the directors shall draw on the treasurer from time to time, making themselves accountable for the application of the moneys agreeably to this association. ARTICLE 8th.—That the agents, being accountable to the subscribers for their respective divisions, shall appoint the directors, treasurer and secretary, and fill up all the vacancies which may happen in these offices respectively. ARTICLE 9th.—That the agents shall pay all the certificates and moneys received from subscribers into the hands of the treasurer, who shall give bonds to the agents, jointly and severally, for the faithful discharge of his trust; and also, on his receiving certificates or moneys from any particular agent, shal make himself accountable therefor, according to the condition of his bonds. ARTICLE 10th.—That the directors shall give bonds, jointly and severally, to each of the agents, conditioned that the certificates and moneys they shall draw out of the treasury shall be applied to the purposes stipulated in these articles; and that the lands purchased by the company shall be divided among them within three months from the completion of the purchase, by lot, in such manner as the agents or a majority of them shall agree, and that on such division being made, the directors shall execute deeds to the agents, respectively, for the proportions which fall to their divisions, correspondent to those the directors may receive from the Commissioners of Congress. ARTICLE 11th.—Provided, that whereas a sufficient number of subscribers may not appear to raise the fund to the sums proposed in the first article, and thereby the number of divisions may not be completed, it is therefore agreed that the agents of divisions of twenty shares each shall, after the seventeenth day of October next, proceed in the same manner as if the whole fund had been raised.