Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-05-11
Virginia Legislature.
SKETCH OF THE ACTS.

On Il Oh OF HE Az -.
LIMITED HIps.-Perhaps no
act of the last session is likely to prove
more benefi than thatcoucerning Linn !
tied Partnerships. in calling iuto action
dormant capital, and the enterprise and
energy of many worthy young men. The
act provides:
That Such Partnerships may be for
med, consisting of one or more persons
called general partners, jointly and sever
ally responsible, and Of one or more per-
sons, contributing specific capital as
special partners, and who are not to be
liable for the debts of the firm beyond
their specific contributions the general
partners alone to transact the business aud
bind the concern. Such partnerships to
be formed by signing certificate con-
tanning the names OF the firm, the nature
OF the business, the names of the general
aud special partners. and their places OF
residence, the amount tor which each
special partner is responsible, and when
the partnership to commence and termi-
ate. the certificate to be acknowledged
before magistrate and recorded by the
clerk of the court, and Il transcript recor-
ded in the court Of every county where
their business is carried on. A tfidavit to
accompany the certificate, stating the
specific SUN contributed by each special
partner. The terms of partnership to be
published six weeks in two newspapers,
to be designated by the clerk recording
the same. Renewals Of partnerships to
be made as for their original formation.
in OE q
in the nature of the business, in The
capital, or other matter specified in the
certificate, to be dissolution of partner
ship. Suits to be brought by and against
the general partners, and the business to
be conducted under their names. Spe-
cial partners may be allowed interest on
the capital contributed, if they do not
thereby reduce such capital, and after
payment of such interest, may receive
their portion Of profits. Special partners
are allowed 10 examine into the partner
ship concerns, but not to transact any
business, nor be employed as agent, at
torney or otherwise. Partners guilty Of
fraud, liable civilly to the party injured
for damages. and to indictment for INSIDE
meanor punishable BY fiue and imPrison,
ment, or both, at the discretio on OF the
court. Sales or assignments of property
by partners when insolvent OF in contem-
plation of insolvency to give preferences
to creditors, &judgments confessed, liens
created, or securities given, with such
intent, to be void as against creditors oil
the concern. In case Of insolvency, spe-
cial partners not allowed to claim as cred
itors until other creditors are satisfied.
And dissolutions OF the partnership, prior
to take place without notice filed, recor-
ded and published, as prescribed for the
formation of the partnership"
EMANCIPATED SLAVES.
An act amending the laws concerning
emancipated slaves, free negroes and mu-
lattoes, gives the county aud corporation
courts the power 10 grant any person e.
mancipated since the LIST Of May, 1886, or
who may be hereafter emancipated, per-
mission to remain in the said county or
corporation all the justices having been
previously summoned, and majority be.
ing present, and notice of the application
having been posted at the door Of the
court house at least two months Preced-
ing, three-fourths OF the justices present
concurring in granting the permission and
the attorney for the Commonwealth hav-
ing defended the application; the court to
certify that the applicant is person Of
good character; the act not to embrace
persocs heretofore emancipated, not now
residents Of the State. The counties Of
Accomack and Northampton to be ex-
empteG from the provisions of the act.
A majority of the justices Of any court
have the power TO revoke such permits
sion.
An act prescribing certain general regu>
lations for the incorporation Of Railroad
companies; requires all railroad companies
hereafter incorporated, to be governed by its
provisions provides The mode Of obtaining
subscriptions gives The general corporate
powers; provides for calling general and ex-
ira meetings for eiec,ing president, and d-
rectOrs, and officers, asce-iains ,heir powers
and duties invests the company with the
rights and powers necessary for construct
ing, repairing and maintaining their Rail
road, or branches thereof, and for construct
ing their works; provides remedies against
delinquent subscriptions the mode Of &C
curing and condenning land for their road
toll houses, depots, &c how damages are 10
be acertalned and paid for; the power Of en-.
try upon lands, &c, 10 obtain materials for
constructing their works the power TO eros, !
DINER roads and ways, and change Them i'll
necessary protects the rights Of individuals;
hxIng The ratio OF rates, the 10 ode of render
ing accounts the time within ,vh;,h H.,