True American. [volume] (New Orleans [La.]) 1835-18??, 1839-09-05

rules and by laws as may not be inconsistent with
this oct or with the law aforo recitcd upon which
this partnership is founded and specially they shall
havo power to diroct tho node of running said boat
and regulating hcr voyages or trips, times OF &c =
parture and return, rates Of charges, &c. Tho said
board shall also have the power to investigate the
accounts of said boat, well thro themselves, as
through the agent thereof and gencrallyto super
wise, control and direct the course of tho employ
lncnt and tho administration of her funds, and to
that EN-, they shall be authorised to ve all fitting
and proper instructions to her agent, officers and
others in tho employ
The dreclo shall also have tho powers to fl!
up all vacancies Qor iacxpircd term, Arising in
said bourd, from death, resignation or Otherwise
The agent Of said boat shall reside in the city OF
New Orleans, and shall under the bylaws Of said
board, collect tho debts duo to the association, and
If any there should BIO in suit in the name of sad
association, and also in like manner disbursc their
funds, for necessary expenses and cinin* and I'M
dor tho like directions keep just and true books Of
the accounts, dealings and transactions Of said
sociatinn at the Office which shall be selected by
the said board IN this city.
8. The directors Of said association shall continue
in Office during the torn of six months, from tho
day of their election and until the election Of a
new board, and such n. W board shall, Impossible O.,
10 elected one week after notice aforesaid, and
preceding board. Tho agent shall remain in Office
At tho discrctio Of IT,. board, and the board shall
determine his compensation and the manner of pay
ing the same.
9. At the period therein before determined for
the expiration Of this co-partnershp, the affuirs
thereof shall be settled, and the Same liquidated
and wound up by the last board Of directors OF said
association, or tho survivor or survivors oftl,cn.
10. Tho persons SO trusted with such liquidation
shall cause to be made full and complete balance
sheet Of the debts and credits Of tho association.
and they shall well and truly discharge and settle
out Of the funds Of tic association, consisting of
said boat her earnings or proceeds, the lawful debts
Of said association, and when all tho debts and
claims Of and against said association shall have
boon fully paid and discharged, they shall make a
jurt and equal partition among tho stockholders
ofsaid association or their lawful representatives
pro rata, of the stock respectively he'd by thcm of
all the 70 mining funds Of said partnership; and
for the purpose Of ctfrctng tho liquidation Of said
concern. the persons who shall BIO The quidators Of
the shall have full power to sell said steam
boat and her appur.enanccs at public auction, after
advertisement during once Il wcck in tho usual
manner at such credits and on such terms and con-
ditions as to tem sha!l appear advantageous, and
shall have also full power TO cause to discounted
without RECOURSE all notes, obligations and credits
whatever. belonging unto said association, whc
ther arising out of the sao of said boat, her earn
ings, or otherwise, provided such discount may not
be mAdo ut Il rate exceeding ten per cent per an.
mum, or even to sell without and at public
auction after tho usual notice. I'll notes, claims and
CREDITS, belonging unto said association, on such
terms MS they may think fit.
H.. Tho dlvid nds OF profits, if any there shall
be, mado by said association SHALL after paying all
debit, charges and expenses be declared at the end
Of every six months succeeding the dl,o thereof.
H. This act of association is expressly based
upon tho aforesaid act Of the legislature Of this
State, approved tho thirteenth of March, eighteen
hundred and thirty seven, and tho aforenamcd
members Of this limited CO partnership hereby
declare that it is their intention to avail themselves
lin making this association) Of all the privileges
and immunities in tho said act Of the legislature
contemplated, and specially of tho privilege of
exemption tr IN responsibility for the debts and
obligations of said association beyond the amount
of tho par value Of tho stock by t!!cm respectively
held. az contemplated IN the Eighth section Of said
act, aud all privIedgos granted responsibilities
Imposed by said &C, to be taken and considered
as embodied herein.
10. Tho said co-par ncrship hereby elect the city
OF New Orleans as tho place of domic of said as.
sociation, and determine that tue master or ccrk
OF said beat for the time being or either Of them,
shall be tke agents Of said association, so far as to
sign bill ladlng, to hind the said assoc aun for
goods received en- freight on board said steamer.
a. The stock h0.!e in said association shall
avo the right II vote by proxy at all elections for
directors and ts appear by proxy at all meetings
duly convened
has done and passed. in Il. :, Office. on the ftto
as above, IN the presence OF Bartholomew Walls and
Theodore Z. Eht lurUlauW. com;Wteut witnesses
%io"liccd III this city, " hG having signc ii With tho
t'nrtCs and nl|, the notary,
OrIrma---sIgncA Jnl,n Sdeii, VIM. Il. Avery.
tIcnty Ncfa!!, John ;, j .y!d, &. Aqlus, ir ) 5
Arnant.
Aaron 1t ,rt, 1t he CITY Of .fIusbu"r, county al
Al oghany, Stat" OF lennsytia!a, to these pre-