Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-07-19
l. AVIS OF MICHIGAN.
ny AUTHoRITY.
AN ACT to authorize and regulate limited part.
nerships,

may be formed by two or more persons,
upon the terms, with the rights and powers
and subject to tire conditions and liabilities
herein prescribed /; but the provisions Of
this act shall not be construed to authorize
any such partnership for the purpose of
banking or making insurance.
Sec. 2. Limited partnerships may con-
sist of one or more persons, who shall be
called general partners, and who shall be
jointly and severally responsible as gener.
al partners now are by law; and of one or
more persons who shall contribute speci-
fc amount of capital, in cash or other prop
erty, at oash value. which value to be a.
greed upon by all interested to the common
stock, who shall be called special partners,
and who shall not be liable for the debts be-
yond the fund so contributed by him or
them to the capital.
Sec. 3. The general partners only
shall be authorized to transact business
and sign for the partnership and to bind
the name.
Sec. A. The persons DESTROYS of form.
ing such partnerships, shall make and
severally sign certificate which shall con.
tain
First-A-The name or firm under which
such partnership is to be conducted.
Second-The general nature of tho BUSH
ness intended to be transacted.
Thrd-The names Of all the general and
special partners interested therein, distin.
gushing which are general and which are
special partners, and their respective places
of residence.
Fourth-The amount Of capital which
each special partner shall have contributed
to the common stock.
HFifth-The period at which the partner.
ship is to commence, and the period at
which il will terminate.
Sec. 5. The certificate shall be acknow.
lodged, by the several persons signing
the same before some officer Of the state,
county or township, who is by law author
lied to take the acknowledgment of deeds
and such acknowledgment shall be made
and certified in the same manner as &C.
acknowledgements of deeds of land
Sec. 6. The certificate so acknowledged
and certified shall be filed in the Office of
the clerk of the county in which the princi.
pal place of business of the partnership shall
be situated and shall also be recorded by
him at large, in book to be kept for that
purpose, open to public inspection. If the
partnership shall have places of business
situated in different counties, a transcript of
the certificate and of the acknowledgment
thereof, duly certified by the clerk, in whose
office it shall be filed under his official seal,
shall be filed and recorked in like man.
ner in the Office ofahe clerk of every such
county.
Sec. Z. AT the time of filing the original
certificate, with the evidence of the acknow-
ledgment thereof as before directed, an af.
fidavit of one or more of the general part
ners shall also be filed in the same Office,
stating that the amount, in money or other
property, at cash value, specified in the cer-
! tifcate to have been contributed by each
of the special partners to the common stock
has been actually and in good faith contri.
buted and applied to the same.
Sec. 8. No such partnership shall be
deemed to have been formed until a certii.
cate shall have been made, acknowledged,
filed and recorded, nor until an affidavit
shall have been filed, as above directed |;
| IL
such certificate or affidavit, all the persons
interested in such partnership shall be LA.
bic for all the engagements thereof as gen.
eral partners.
Sec. o. The partners shall publish the
terms of the partnership, when registered
for at least six weeks Immediately after
such registry, in two newspapers, to be de-
signated by the clerk of the county in which
such registry shall be made, and to be pub
ished in the senatorial district in which
their business shall be carried on; and if
such publication be not made, the partner
ship shall be deemed general.
Sec. 10. Affidavits of the publication OF
such notice by the printers of the newspa.
pers in which the same shall be published,
NAV be filed with the clerk directing tho
same, and shall be evidence ofthe fact there
in contained.
Sec. IL. Every renewal or continuance
r of said partnership beyond the time origi.
nally fixed for its duration, shall be certifi.
ed, acknowledged, and recorded and an
affidavit Of general partner be made and
filed, and notice be given in the manner
herein required for its original formal
ton and every such partnership, which
shall be otherwise renewed or continued,
shall be deemed a general partnership.
E Sec. IL. Every alteration which shall
, be made in the names Of the partners, in
the nature of the business, or in the capital
or the shares thereof, or in any manner
specified in the original certificate, shall be
deemed dissolution Of the partnership
and every such partnership which shall in
, any manner, be carried on after any such
alteration shall have been made, shall be
deemed general partnership, unless re-
newed as a special partnership, accord
ing to the provisions of the last section pre-
ceding.
Sec. 13. The business of the partnership
! shall be conducted under firm in which
the names of the general partners only
shall be inserted, and without the add
ton of the word company" or any o.
/ Their general term, and if the name Of any
special partner shall be used in such firm
, with his privity, he shall be deemed gen
! eral partner.
t Sec. ID. Suits in relation to the business
Of the partnership, shall be brought ans
conducted by and against the general part