True American. [volume] (New Orleans [La.]) 1835-18??, 1839-05-11

der the style and firm off Hall & A b Bcin-Dpn.
Ja'nn IL 'rrod & John Hughes, Carpenters, trans.
acng business under the ylc and firm Of lInrrod
| * llnghes-JolIn Thomas Osborne, Mark Thomas,
Freeman AnnahIe, Joseph Wilder Davis, Samuel
| Morrison, and DAME Babcock Clarke, all residents
of this city, who declared
That III conformity " it'll an act of the !cgisla.
lure OF this State, approved the thirteenth of
march, eighteen hundred and thirty seven, entitled
" An Act 10 au !orize limited or Anonymous part.
ncrships, and to regulate the came" they the said
| appHarcrs, have agreed and do by these presents
| agree to enter the following limited Anonymous
| partnership, under tho clause and conditions fol-
| lowing, to wit.
Art. l. That the name, and style, under which
sal! partnership is to BIO conducted. shall be- "rho
! Phoenix Tow Boat Company: ana that tho place
where SAID company is 10 be locate shall be- in the
city Of New Orleans.
Art. 2. That tho Description or kind Of business
or industry, 10 be- carried under said style, by
the directors shall be to establish and continue to
run ono or more Tow Boats, for tho towing of vcs<
scls rendering assistance, carrying freight and pas.
scngcrs, and any other business whic! may be- law
1ul for tow boats to perform.
Art. }. Tia. the amount of tho capital Of said
company, shaIi be one hundred thousand dollars,
di. dcd into thousand shares, of one hundred
doa-s each, and pnyaolc in cash.
Art. a. That the names of the partners, and
the amount each partner has &C attributed, is as
follows:
SIrDlnDSDp W3ltp ir-l,t bur Jrol
and thirty five shn-,s. s,;d ! U,u and A u nr;r
sixty one shares said U,rrod g. Uuyhes' ,,r,v
ono shares said John rhenos Oshor,n ,h;r,c.n
shares said Mark Tl,omas fen shares. s,;d Trno
man AnnabIe ton shares said John Wilder Dn.
Wis, ten shares; said Samuel Molrison ten shares;
and Daniel Babcock Clarke, ten shares.
Art. s. That this partnership Shall commence
from m, date, hereof and tho Same s,u ,cr,;,,,
its operations and wind I'm its concern, on Inn
thjrcuih nf lima n;I,,no,, ,,,I"I d co 80"
three.
Art. Z. That there sinai be llroo directors TO
transact tho blsIn- IS Of sa!d conpany, and admin.
ter It's concerns.
Art. 7. That the powers with which said direc
tors shall be vested, shall be c.oct from amongst
themselves, their own president, and fiji all vacIn
clcs and a majority OF whom shall have and are
hereby inv s"d with inll power 10 rscnivc am!
pay all monies, ana 10 aud to be done all
that il requisite to the conducting of the business
OF SAID compnny-and the President BY and witt,
the consent Of majority OF t"o directors, is ca
powered TO ISSUE The noe or notes of sad conpa.
ny, for all demands, purchases or contracts Oh be-
half OF sad company, rouutcrsisncu by at least one
OF the d rccos.
Art. 3. That the time of duration Of the service
Of SAID directors shall be for year AMI thu, an
e'cctIo" for the same shall be held the first Mon.
day OF Juy, of each and every year during the ey.
lstc &C OF 'hs partnership.
Art. g. That when sad company shall have ar
rived at the period when i,ls expire, all the con.
ccrns md utflIrs X! the sanA, Shall be wound IN
and i'qudu'cd by such directors as may be in Office
! at the time.
Art 10 That the powers 10 be exercised hy tI,n
Directors in'srrd with SAID lqnidu,ion, shall he as
follows, 10 wlt:-To receive such sums, as
may be due to the company and give ncquillancc
or ncu,tahccs therefor, and 10 sell The property Of
said company, either Il, private sale ON r0,. Il. l,,
ton. on such 'rr;Ns and Conditions rs to them NAV
seem III aud advisable, and to pay the dctts Of ,a.u