True American. [volume] (New Orleans [La.]) 1835-18??, 1839-05-27

NTATE OF LOUlS1ANA.-City Of New Or. I
y oans.-Bc il known tllut this day before no.
Joseph Benzakin Marks, notary public, in aud
for tho city and parish of New Orleans, State Of
Louisinn, aforesaid duiy commissioned and sworn,
Personally came and appeared Messrs John Ste
venson Walton-John Hall and Archibald. Brown
Bcin, Carpenters, transacting business under the
style aud firm Of J Hall g. A 3 Bein-Bcniamin
Harrod and John Hughes, Carpenters, trnnsacting
business under tho style and firm Of l1arrod &
Freeman Annable, Joseph Wilder Davis, Samuel
Morrison, and Daniel Babcock Clarke, all residents
of this csty, who declared,
That in conformity with an act of the Legisla.
turc of this State, approved on tho thirteenth of
March, eighteen hundred and thirty seven, entitled
" An act to authorize limited or Anonymous part.
ncrships and 10 regulate the samc,' tuey, tho said
appcarers, have agreed, and do by these presents
agree to enter the following limited or anonymous
partnership, under tho clause and conditions fol
lowing 10 wit:
Art. l. That tho name, and style, under which
said partnership is to be conducted, shall bo " The
Phoenix Tow Boat Company and that tho place
where said company is to be located, shall be in tho
city of Now Orleans.
Art. 2. That tho description or kind of business
| or industry, 10 be carried under said style, by
tho dir. ctors shall be to establish and continue to
run one or more tow boats, for the towing of yes.
sells, rendering assistance, corrying freight and pas
|
lawful for tow boats to PERFORM
| Art. s. That the amount Of tho capital of said
company, shall be one hundred thousand dollars
each, and payable in cash.
Art. 4. That the names of the partners, anG
tho amount each partner has contributed, is us fol
lows:
Sau John Stcphcnson'W Walton, eighteen hnndrc,
and thirty five :haros; said J Hall and a B Bcin
sixty one shares; said uarrod & hughes, forty on,
shares; said John Thomas Osborne, thiItccn shares
said Mark Thomas, ten shares said Freeman An
nablc, ten shares; sad John Wilder Davis, ter
shares said Samuel Morrison, ten shares an,
Daniel Babcock Clarke, ten shares.
| Art. 5. That this partnership shall commenc,
from the date her Of, and the same shall terminal,
its operations and wind up its concerns TN
!hirtccnlh Of June, Gig htccn hundred and forty
three.
Art. 6. That there shall be three directors Il
transact the business Of said company. and admin
stcr its CONCERNS.
Art. T. That the powers will. which said director
shall he vested. shall be 10 elect lom amorgs
Il emscvcs, til If own president, aud fill Il vacan
clcs, and Il maj oriiy Of whom shall have and ar
hereby invested with fall power to receive and pa
all monies, and to do and cause to be done all tina
is requisite to the conducting Of the business c
said ronpany-and the president by and with tn
consent Of ma jory os tho directors, is empower
cd to issue the note or notes o! SAID company, IA
all demands, purchases contracts on bella If I
said company coun.rsig ncd by at least one Of I'll
| directors.
Art. 8. That the time of duration of the servic
of said directors shall be for one year ard that
election for the shall be held on til. first Nor
day of July, Of each and every year during the c,
s'rncc Of this partnership.
i Art .. That when said company shall have Il
rived at tho period when il is to expire, all the
Germs and affairs of the same, shnll be wound u
and lquItlatcd by such directors as may be in Off,
al tho time.
Art. 10. That the powers to be EXERCISED by ii
Directors in,ruStcd with said liquidation, shall be
follows, to wit To receive su oh sum sums
IL may be due to the company, and give acIuittan
or acqni'tanccs therefor, and 10 sell the proper
Of said company, either ut private S1Iu publ
auction, on such terms and conditions to the
$ may fit and advisable, and pay the debt
: ! said company.
a Art. II. That the dividends of the clear profit
after paying al charges and expenditures o.! Il
+ company, shall be declared and paid t. the stoc
Y holders, the first Monday in July Of each n
every year during the existence of this par,ncrsh
il first rescrving ten per cent of the profits for CO
iIngcnccs.
: Art. l2. That at a general meeting Of the ktoc
IL holders, all rules and regulations as RECORDS I,
lie number of notes each stockholders shuil give a
any other matter relative to the welfare OF tho
pany, not contrary to the foregoing compact, sh
he entered nln and the rules and regulations a ol
:, said, shall be drnulninat" the g BY. Laws Of I
- Phoenix Tow Boat Company" aud they shalt
r binding the said Stockholders and ,hr,r resp"
j. live heirs.
Done and passed, in my Office, in the city of \,
Is Orleans, aforesaid, in presence o! Daniel Real
II and W llassard, Witnesses cf A"il.l az" and loi
cIliated in this city. who ncreunin sIgn ti'ur mann
together it'll such appcarcrs and me, the :,
notary, this lst day OF April 1889.
Original signed, john Walton, Joseph
n Davis, Is IIarrod, ID b Clarke, $ Morrison, L. a