True American. [volume] (New Orleans [La.]) 1835-18??, 1839-05-08

agree to enter the following limited or anonymous
partnership. under tho clause and conditions fol-
lowing, to wit.
Art. l. That the name, and style, under which
said partnership is to be conducted shall be, Tho
Phoenix Tow Boat Company: and that tho place
where snid company is 10 DO locate shall be in the
city Of New Orleans
Art. g. That the description or kind of business
or industry. to be carried under said style, by
tho directors shall DO to establish and continue to
run one more Tow Boats, for tho towing Of vess
sells, rendering assistance carrying freight and pas
sengers, and any other business which may bo law.
full for tow bouts TO perform.
Art. 3. That tho amount Of the capital Of said
company, shall DO ono hundred thousand dollars,
divided into thousand shares, of one hundred
dollars each, and payaDio in cash.
Art. A. That tho names Of the partners. and
tho amount each partner has CT attributed, is as
follows:
Said John Stephenson Walton, eight hundred
and thirty .hvo shares; said Hall and Bein,
sixty one shares said IIarrod g. Hughes, forty.
ono shares said John Thomas Osborne, thirteen
shares; said Mark Thomas, ten shares; said Free.
man Annable, ton shares said John Wilder Da-
wis., ten shares said Samuel Morrison ten shares;
and Daniel Babcock Clarke, ten shares.
Art. S. That this partnership shall commence
from the date hereof, and the shall terminate
its operations and wind up its concerns on the
thirteenth Of Juuc, eighteen hundred and forty.
three
Art G. That there shall be three directors to
transact the business Of said company, and admin-
ter its concerns.
Art. 7. That tho power. will. which said direc.
tors shall DO vested, shall tc TO elect from amongst
themselves, their prcsident. and fill all vucan
ces, and majority OF whom shall have and
hereby inv sled with full power to receive and
pay all monies, ana to do and cause to he done all
that is requisite to the conducting Of tho business
of said company-and the President by and with
the consent of majority of the directors is en-
powered to issue the note or notes Of said compa-
ny, for all demands, purchases contracts OIL be-
half said company, countersisned by at least ono
of the d rectoss.
Art. 8. That the time Of duration Of tho service
ofsald directors shall be for year. and that IN
election for the same shall be held the first Mon
day Of July. of each and every year during the ex.
| iste &c Of this partnership.
Art. 9. That when said company shall have or.
rived at tho period when it IS EXPIRE all the
Germs and affairs Of the same, shall be wound up
and Iiquidated by such directors may be- in Office
| Ut the Tine
Art 10. That the powers TO DO exercised by tho
Directors ntrused with said iquidation shall be as
follows, to ito receive such sum or sums as
! may be due to the company, and give acquittance
acquittances therefor, and to sell the property of
said company either at private sale public auc.
tion on such terms and conditions as to them may
fit and advisable, and to pay the debts of said
company
At. IL. That tho dividends of the clear profits,
after paying all charges and expenditures of the
company, shall be declared and paid to tho stock
| holders. the first Monday in July of each and
every year during the existence of this partnership,
first reserving ten per cent. of the profits for con-
tingenccs
Art. That at general meeting of tho stock.
holders, all rules sud rcgu .atiors regards the
number Of no es each sto, kholdcr shall give, and
any other matter relative to tho welfare of the COM
pany not contrary to the foregoing compact, shall
he catered nto and tho rnles and regulations atorc.
said, shall bo denominalcd the " Bylaws of the
Phoeni. Tow Boat Company" and tho shall be
binding on the said stockholders and their rcspoc
two heirs.
Done and passed, in my Office, in tho City o.
New Orleans, aforesaid, in presence of Daniel J
Ricardo and W. Hassard, witnesses of lawful age
and domiciliatea in this city, who hercunto sipl
their names, together with said appearcrs and me
the said notary, this Is, day of April, 1899.
Original signed, John s Walton, Joseph "
Davis, D Harrod, D d Clarke, S Morrison, f An
nable, A Bein, John Hughes, John T Osborn
Mark Thomas, John Hall, J w Hassard, D Ri
cardc, J. d. Marks, not. pub.
certify the foregoing 10 be true copy Of III
original act extant in my current register in fat
whereof, grant these presents under my s,gnatur
and seal of Office, at New Orleans, this 22d c
April. 1889. JOS. 3. MARKS, not. pub.
apl 20. Ct
ENTAT DE LA LOUISIANA-ViIle do
- Nouvele Orleans, devant moi Joseph Bcnzs
ken Marks, notairo public, dams ct pour Ia vile
), parosse do Ia Nouvelle Orleans, Etat de- Ia Louis
. ane, dueneEt appointe ct julie
4 Ont personnecment comparu Messieurs job
G Stephenson Walton, John Hall ct Archibal
| 81,