True American. [volume] (New Orleans [La.]) 1835-18??, 1839-08-24

rules and by laws as may not be Inconsistent with
this act or with the law afore rccited, upon which
this partnership is founded and specially they shall
have power TO direct the mode of running said boat,
and regulating her voyages trips, times of dc -
parture and RETURN rates OF charges, &c. The said
board shall also have the power to investigate the
accounts of said boat, us well thro' themselves,
through the agent thereof and generally to super
wise, control and direct the of the employs
Inent and tho administration of her funds, and TO
that end they shall be authorised to give all fitting
and proper instructions to her ugcn,, officers and
others in the employ.
The drccto shall also have the powers to fill
up all vacancies Uor uncNpired tcrm) arising IN
said Iboard, from death, resignation otherwise.
The agent of said boat shall reside in the city Of
New Orleans, and shall under tho by laws OF SAID
board collect the debts due to the association and
If any there should be in sui, in the name Of said
association and also in like manner disburse their
funds, for necessary expenses and claims, and un
dor the like directions keep just and true books Of
the accounts, dealings and transactions Of said as
ISOLATION at tho Office which shall be scclccted by
the said board in this city.
8. The directors of said associaon shall continue
in Office during the term Of six months, from the
day Of their election and until the election of a
new board, and such W board SHALL it possib' e.,
DO elected one week after MOTTO aforesaid, and
prior 10 the expir tion Of the term Of the older
preceding board. The agent shall remain in Office
at the dscrctio of tn: board, and the board shall
determine his compensation and the manner of pay.
ing the same.
8. At the period therein before determined for
the expiration Of this co-partncrshP, the affairs
thereof shalt be settled, and the same liquidated
and wound up by the last board Of directors of said
association, or the s.irv vor or survivors oft}em.
10. The persons trusted with such liquidation
shall cause to be made full and complete balance
sheet Of the debts and credits Of the nssociat:on.
and they SHALL we'll and truly discharge aud 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
t'cen fully paid aud dschargcd, they shall make Il
gust and equal partition among the stockha'dors
Of suid association their lawful representatives.,
pro rata, Of the stock respectively he by them. of
all thr 60 natanE funds Of said partnership; and
fur the purpose Of cllcctng the liquidation of said
concern, the persons who shall be the lnludators Of
the sane sl,asl lave fall power to sell said steam
boat and her aopurscnnnces ut pnblic aiction after
advertisement during once II week in the usual
nanner at such credits and on such terms and con
ditions as 20 them shall appear advantageous, and
shall have also full power to cause TO discounted
without recourse, ali notes allegations and credits
whatever, belonging unto sad association, vile.
thar arising oul."f the sale of SAID boat her earn
ings, or otherw Use, rovn;ed such discount may not
be IN lido at a rate exceeding ten per cent per an.
Ram, ar GUcn to sell without recourse and Il, puhlic
auction after thc usual uotcr, at notes. claims and
CREDITS, bnonging mt" said association. on such
terms MS they may think fit.
IL. Tho divd nds ut profits if any there shall
he, AIDE by SAID aSsociatlnn, SHALL after paying II
dentt, argos and prnscs, be d carcd at the end
of every SIX months Succeeding the ltc thereof
II. This act Of association is expressly based
upon the aforesaid act OF the Legislature of this
StHtn annr4VpI tho tnrtecutk 0i March, eighteen
hundred and thirty ven, and the atorcnam"d
sneWters af thus nled co partnership hereby
declare that it is tcr intention to avail themselves
lin making this assoclaton) of all the privileges
and mnlunitcs IN the said act Of tho legislature
contemplated, and specially of the privilege Of
exemption fir IN responsibility for the dcts and
obligations OF said association beyond the amount
of the par value of the stock by tcm respectively
held, contemplated IN the eighth section Of sad
act, and ali privIedgcs granted or responsibilities
imposed by said act arc TO be taken and considered
embodied herein.
-. The said CO. partnership hereby elect the city
Of New Orleans The place Of doncii Of said as.
ISOLATION, and determine that the master clerk
on said boat t"! the Nue @cing, or either of them,
shall be the agents o sand association, far as TO
sign bills Of ldug, To hind the sad assoc alton for
goods received on ircg ht on board SAID stcnuor.
ii. The stockholdc in sad association shah
have the rig TIT t, vote by proxy at all elections Tor
'''S'''''S
duly convcued.
i hus done and passed in tn office. on the date
as abovf, the presence of b lrthoIumcw Walls and
Theodore +. ThtMrnInnn, competent witnesses,
iomlcIcd IN tins city, who having sIgne with the
f,artcs aud M, Tho notary,
Orlglnat--slgncd Johu Sldcli, VIM. II. Avery,
Henry Mccall, John $. DAVID, G.. Adims U y, ]. 5
Armtn,.
Aaron II ut, nf the city of rittshn-g, county OF
A e.hany Stat" at rrnnS vlvAn,a, is to these pre-
sen, presented ,, ms sop, rssn Hart, of New Or
leans, per r"ru.ut!on her unto annexed.
AARON HART
Per JESSE HART.
Duncan +. krnncr having lett the city previous
ia signing. is here represented 10y M!nnr krnn+r,
as per letter nrrcuntn annexed.
DUNCAN +. kENNER,
Pr MINOR kENNER
Paul II bert having eft The CITY prrtIous o
signing, here represented by b :rnard Iaudumlcr,
as per letter hcreunto Annexed.
BID. LAUDUMIER,
Pour PAUL llEBERT.
JOHN s. PRESTON,
BY Isaac Il. Preston is attorney N fact.
Tho words " fourteenth" and - oi June, 1889, v
interlincd.
B Wallis Theodore +. Thcncnlann, IIorato
Davis, notary public.
l certify the foregoing to be true copy from,
the original act cxtant on my current nutnrtal re-
gistcr, III faith whereof have hcrrunto signed my
name and affixed the impress of my seal OF Office
New Orleans, June 20th, 1899.
Signed, IlORATlO DAVIS,
ale-2w3Oi Notary Public.
NTAIS UNIS DAMERlQUE-Etut dc Il
IA Louisianc-Ni IL ct Parossc dc la N"uvellc,
()rleaus-(,e RI az din nois dc iuin dc