True American. [volume] (New Orleans [La.]) 1835-18??, 1839-08-31


rules and by laws as may not be inconsistent with
this act or with the law afore rccted, upon which
this partne is founded and specially they shall
have power to direct the mode drumming snid boat
and regulating her voyages trips, tunes of dc
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 direct the course of tho employ
'nent and the administration OF her funds, ana to
that end they shall be Authorised to give all fitting
and proper instructions to her agent, officers and
others in the employ.
The d,rccto shall also have tho powers to fill
up all vacancies ,Uor uaexpired tcr'n) arising in
said board, from death, resignation or otherwise.
The agent Of said boat shall reside in the CITY OF
New Orleans, and shall under tho bylaws of said
board collect te debts due to the association, and
il any there should be in suit in the name OF said
association, and also in like manner disburse their
funds for necessary expenses and Claims, and I'M
dor tho like directions keep just and true books Of
the accounts, dealings and transactions Of said
sociation at tho Office which shall be selected by
the said board in this city.
8. The directors of said association shall continue
in Office during the term of six months, from the
day Of thcir election and until tho election of
new board, and such new board shall it possib e,
DO elected week after notice aforesaid, and
prior to the 4xpir ton Of the term of tho older
preceding hoard. Tho agent sha! remain in Office
at the discretio Of this board, aud the board shall
determine his compensation aud the hummer Of pay.
ing the same.
O.. At the period therein before determined for
tho expiration Of this co-partnership, the affairs
thereof shall be settled and the same Iiqu'lated
and wound up by the last board Of directors OF said
associat on, the surv vor or SURVIVORS OF them
TO- Tho persons SO trusted with such liquidation
shall cause to be made full and complete balance
sheet Of the debts and credits. of the association.
anIt hail and Sr,lv discharV mad sell
out Of tho funds of the 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 d scilargcd, they shull make
Just and equal partition among the Stockholders
Of said association or their lawful representatives,
pro rata Of the stock respectively he by them. of
all tn , aiming funds of said partnership; and
for the purpose Of cccting the liquidation of said
concern. the persons who shall be the quidaors of
thn same shall have full power to sell said steam
boat and or aDpurlenunces at public auction, after
advertisement during once week in the usual
ananner at such credits and on such terms and con-
ditions as 20 them shall appear advantageous, and
shall have also full power TO TO discounted
without recourse, al notes obligations and credits
whatever, belonging unto said ASSOCIATION, whc-
ther arising out of the sale Of SAID boat. her
ings. or otherwise provided suc! discount may NOT
Sc m ,do at rac exceeding ten per ccnt'prr
mum, or to sell without recourse and at public
auction after the usual notice, al notes, cnlmsand
CREDITS, belonging unto said association, on such
terms as they may think fit.
IL. Tho divld nds of profits, if any there shall
DO, made by said association, shall after paying all
debts, carges and expenses be declared ut the end
of every six months succeeding the dutc thereof
H. This act Of association is expressly based
upon the aforesaid act of the legislature Of this
State, approved the thirteenth of March, eighteen
hundred and thirty seven, and the atorcnamcd
members Of this limited partnership hereby
declare that it is their intention to avail themselves
lin making this associuton3 Of all the privileges
and immunitics in the said act of tho legislature
contemplated, and specially of the privilege of
exemption fir IN responsibility for the dctts and
obligations OF said association beyond the amount
of the par value Of the stock by them respectively
held, contemplated the eighth section of said
act, and all prriledges granted responsibilities
im1oscd by said act arc to be taken AMI considered
as embodied hcecin.
49, Tho said co~pari norshp hereby elect the city
Of New Orleans as the place of domic Of said
ISOLATION, and determine that the master or clerk
said boat for the time being, or either of them
shall be the agents Of said association, far as to
sign bills of ading, to bind the said alton for
goods received on freight board SAID steamer.
IA. Tho STOCKHOLDERS 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 tn Office. on the date
as above, the presence OF Bartholomew Walls and
Theodore F. Theincmann, competent witnesses,
domiclcd in this city, who having slgne with the
parties and me, the notary,
Origina-signcd John Sl.dc!l, VIM. II. Avery,
Henry Mccall, John S. David, c. Adams, jr J. 5
Arnant.
Aaron Hart, of tho city of Pittsbu-g, county of
Alcghany State of Pcnnsy lvlna, is to these pre-
sent presented by his son, Jesse Hart, of New Or
leans, as per rocuraton hor unto annexed.
AARON HART,
Per JESSE HART.
Duncan +. Kcnncr having lett the city previous
to signing, is here represented by Mnor konn.r,
as per letter hercunio annexed.
DUNCAN f. KENNER,
Pr MINOR KEN ER
Paul II, bert having eft tho city previous o
signing, is here represented by Bernard Lauduncr,
as per letter hercunto annexed.
BID. LAUDUMIER,
Pour PAUL llEBLRT.
JOHN S. PRESTON,
By Isaac Il. Preston is attorney in fact.
The words " fourteenth" and /" OF June, 1899"
interl!ned.
b Walls, Theodore +. Thencmann, IIorat:o
Davis, notary public.
| certify the foregoing to be 4 true copy from
the original act eXtant on my current noiarial re-
gister, in faith whereof have hcreunto signed my
name and affixed the impress of my seal OF office.
New Orleans, June 20th, 1899.
Signed, HOkATIO DAVIS,
alS-2w30d Notary Public.
1NTA S UNIS UAMERIQUE-Elut dc L.
IA Louisiane-\ilG ct ParoIssc dc la N,uvellc-
Orleans-Cc quarozlcme jour du mos dc JUN dc