True American. [volume] (New Orleans [La.]) 1835-18??, 1839-09-14

said board, from death, resignation or otherwise.
The agent Of said boat shall reside in the city of
New Orleans, and shall under the by-lawG Of said
bossd collect the debts due Tho ussocixtiun and
II any thsse should b. in suit in the name Of said
association, and also in like manner disburse their
fands, for necuessary expenses aud cai,ns, aud
Ger tho s'ks directions koop just and true books Of
the aecoanis, dealings and transactions sf said as
soeiasicn At Tive Office which shall be scclectod by
the said beard in this city
O. the dtrcceOfs Of said association shall continue
~ en,ce during tn" term Of six months, from the
~ vf Their election and until the election Of =
nsN btstA, and such h W board shall, il possb G.,
petsetsa ono week after motto aforesaid, aud
efisr 10 the sxpir ton Of tho term Of the older
processing board. The agent shall remain in Office
y the dscretio Ut tbs board, and the board shall
determine his compensation and tho manner Of pay.
ink The same.
3. Al the period thcron before determined for
shs expiration Of this co-partnerstip, tho affaifs
thereof shall be settled. and tho same liquidated
Atd wound up by the last bard Of directors Of said
association, or tho Survivor survivors uftl,ens.
10. Tho persons trusted with such liquidation
shall cause to be made full and complete balance
sheet Of the debts aud credits Of the association
and they shall vel! and truly discharge and settle
out Of Tho funds Of tho association, consisting of
said boat, her earnings or proceods the lawful debts
Of said association, and when all tho debts aud
claims Of and against said association shall have
been fully paid and d schargcd, shoy shall mako a
Just and equal partition among che stockholders
ofsaid association or their Lawful
pro RATA Of the stock respectively he by them, Of
oil the r. aimnk funds Of said partnership; and
for tho putposs OF effoctins tho liquidation Of said
coacs.n the persons who shall be tho of
the same shall have full power to sell said s.sa'n
boat and lsor arpnrlcnances at public auction, after
advertisement during once a week in the usual
manner, ii such credits and on such terms aud con-
Liions a. 70 them shall appear svan,s peous, aud
cha have also full powcr 10 cause 10 b discoun
without recourse, ali notes. obx a,,oos aud credits
whatever, belonging unto said associa, ion. who
cher arising out Of The salo Of said boat, her earn
ings. otherwise, provided such discount may not
be IN ado At a rate excecdinu ton prr cont nor An.
num- or even 10 sell wi,,out recour,e and Al nuhl;c
auction after the usual notice. al notes, claims and
credits, belonging unto said association, on such
Ssrms a. tl,oy may think fit.
u. The dlvid nds OF profits. If anv there shall
b. nado BY said association. shall. aflsr paving eli
deas, argos mud sxpon.es. be d. ella rod al The end
of everv six month. sicceedinv the sts ,horeof
u. ihis act Of s,sociatios Il expressly b, rod
upon the aforesaid act Of the legislature of ,h,
State, approved the thirteenth Of March, eighteen
hundred and thirty g. ven, and tho afsrcn AIMED
,nennher, Of th;a limited m nar,ne,.,n hereby
declare that il Is their intention 10 avail themselves
lin making this assocation> Of all IN. nrxileoos
and iHmunites in tho said act of the legislature
contaminated and sDeciallv If tho nriveoe If
s1emo,Ion from responshiI,v FIR ths d.h,s and
ubli1ation, Of sai as,ociation bevoud the amount
Of tho par value of tho stock by ihem sespoctveiy
hold a. mslatsd in tho eighth section of mid
;mrossd bx aid sc, mr., T. ~ ,aIcn a"J co".%s,s
a. embodied herein. ~
IL Tho aid co.o,,,ce,sh;n hereby elect tb. r.v
of Now Orleans ~ the place of do,uici Of said AZ.
sociation am. de,e,o.no that tho master or clark
IN .,id bo,i for Tho time he;n~ n, aahor of cham
shslit te ar,xs Of said ASSOCIATION. 70 far 40 To-