True American. [volume] (New Orleans [La.]) 1835-18??, 1839-10-08

uultlT6 IA
5. vii lam Hamilton Avery, of this city,
for three shares, two thousand and four hun
bred dollars. 2.4O
6. John S. Preston, of the parish, Of As
cc,lsion, for three shares, two Thousand and
four hundred dollars. 2,4O(
7. John Stephen David, of the parish Of
st. james, for two shares, sixteen hundred
dollars. l,6O(
s. John S. Armand, OF the paris, of ST.
James, for two shares, sixteen hundred dol.
lars. GOT
g. Paul IIobcrt, Of the parish of Ibervle,
for ono share, eight hundred dollars 8O(
10. Aaron Hart, of Pittsburgh, for seven.
teen shares, thirteen thousand six hundred
dollars. 10 GOO
$50 ,0O(
S. This partnership shall commence on the day
of date hereof and the operations of tho same
shall terminate and tho concerns thereof shall be
wound up at the expiration of twelve months fro,a
| the date Of this act.
7. There shall be appointed by said ASSOCIATION
upon tho meeting of any five of the Stockholders
thereof convened in the city of New Orleans
after two days notice in one of the public gazettcs
Of said city, board which shall consist OF three
directors, to be chosen from among the stockholders
of said association, and in like manner there shall
be an agent appointed for the same.
Tho board d7of drtors of this institution,
ahnhavo fulla power,s &C authority to max such
rules and by laws as may not be inconsistent with
this act with the law afore rccted, upon which
this partnership is founded and specially they shall
have power to direct the mode drumming said boat
and regulating her voyages or trips times of de-
parture and return, rates Of charges, &c The said
board shall also have the power to investigate the
accounts of said boat, well thro Themselves, as
through the agent thereof and generally to super
wise, control and direc, the of the employs
inent aud the administration Of her funds and 10
that end they shall be authorised to give all fitting
and proper instructions to her agent, officers and
| others in tho employ.
The dirccto shall also have the powers to fill
up all vacancies (or uacxprcd tcrm) arising in
| said board, from death, resignation 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 due to the association and
IT any there should be in suit in the of said
association, and also in like disbursc their
iunds for necessary expenses and claims, aud un-
der tho like directions keep just and true books of
the accounts dealings and transactions Of said
sociution at tho office which shall be selected by
the said board in this city,
>. The directors Of said association shall continue
in Office during the term of six MONTHS from the
day Of their election and until the election of
new board, and such new board shall, if posslb e,
be elected one week after notice aforesaid, and
prior to the evpir ton of the term of the older
preceding board. The agent shall remain in Office
determine his compensation and the manner Of pay.
ing the
9. At tho period therein before determined for
the expiration Of this CO. partnership, the affair.
thereof shall b" settled, and the same liqndated
and wound up by the last board of directors Of said
association, the surv or survivors of them.
10. The persons trusted with such liquidation
| shall cause to be made full and complete balance
| sheet of the debts and credits OF the association
and they shall we'll and truly discharge and settle
out Of the funds of tho association, consisting of
said boat, her earnings proceeds the lawful debts
OF said association, and when all the debts and
claims of and against said association shall have
been fully paid and discharged, they shall make II
ust aud equal r,parltion among tho stockholders
OF said association their lawful representatives,
pro rata of the stock respectively he by thcm of
all the 10 mining funds of said partnership; and
for the purpose OF ctlrctny the liquidation Of said
concern, the persons who shall be the lIqudators of
the same shall have full power to sell said steam
boat and hor appnr.cnances at public auction, after
| advertisement during once n week in the usual
manner, at such credits and such terms and con-
dl,ions as 20 them shall appear advantageous, and
sha i have also full power 10 to discounted
without recourse, all notes obligations aud credits
whatever, belonging unto sad association, whc
Their arising out of tho salo of said boat, her earn
ings, otherwise, provided suc', discount may not
be IN, de at a rate exceeding ten per cent per H.
mum, or even to sell without recourse and at public
auction after the usual notice, IL; notes. claims and
credits, belonging unto said association, on such
! terms us they may think fit.
! II. The .llvId nds of profits, if any there shall
be- made by sad association, shall, after paying all
dcDt., argos and expenses be d red at the end
of every siX months succeeding the date thereof
| II. This act of association is expressly based
upon the aforesaid act Of tho legislature of this
State, approved the thirteenth of March, eighteen
hundred and thirty seven, and tho atorcnancd
rf,f bor.
declare that it is their intention to avail themselves
| I'm making this association) of all tho privileges
| and immuntlcs in the said act of tho legislature
contemplated, and specially of tho privilege of
exemption from responsibility for the debts and
obligations Of said association beyond the amount
of tho par value of tho stock by them respectively
held, contemplated the eighth section of said
Il t, and all prvcdges granted responsibilities
imposed by said act arc 10 be taken and considered
as embodied herein.
49, The said co~par'nership hereby elect the city
of New Orleans the place of domic of said as
ISOLATION, and determine that the master or clerk
Oh said boat for the time being, either of them,
shall be the agents of said association, SO far to
sign bills of ladng, TO bind the said association for
| goods received on freight on board said steamer.
| ID. The stockhode in said association shall
have the right to vote by proxy at all elections for
directors, and to appear by proxy at all meetings
duly convened.
Thus done and passed in this Office. on the date
as above, i'll the presence of Bartholomew Walls and
! Theodore +. Theincmann, competent witnesses,
domiciled in this city, who having sgne with the
parties and me, the notary,
| Original--signed John Sl:dell, VIM. II. Avery.
Henry Mccall, John S. David, C. Adams, jr, }. $
| Armant.
Aaron Hart of the city of Pittsbu:g county Of
Al cshany, State of Pennsylvania is to these pre-
sent presented by his son, Jesse fart, of New Or
leans, as per procuraton herrunto annexed.
AARON HART,
Per JESSE HART.
Duncan f. kcnncr having left the city previous
TO signing, is here represented by Minor konncr
as per letter hercunto annexed.
DUNCAN +. kENNER,
Per MINOR kENNER.
Paul II bert having left the city previous &c
signing, is here represented by Bernard Laudumcr
as per letter hcreunto annexed.
BID. LAUDuMIER,
Pour PAUL llEBERT.
JOHN S. PRESTON,
By Isaac Il. Preston his attorney in fact.
The words :. fourteenth" and e Of June, 1899,
interned.
B. Wallis, Theodore f. Theincmann, Horatit
Davis, notary ubc.
l certify Tue foregoing 10 be true copy from
the original act extant on my current notaral re
gster, in faith whereof have hcrcunto signed IN,
name and affixed tho impress of my seal of Office
Now Orleans, June Goth, 1889.
Signed HORATIO DAVIS,
als-2w3Od Notary Public.
VU>r received large assortment OF summer stock
- Of various patterns linen shirts of fine quality.
GOSSIP \ co,
ml3 Exchange Hotel, st Charles =,
ARD-790 kegs Leaf Lard, in store and for sal