True American. [volume] (New Orleans [La.]) 1835-18??, 1839-09-03

rules and by laws may not be inconsistent with
this act ot With the law afore rccited upon which.
this partnership is founded and specially they shall
have power to direct the mode frunnng said boat,
and regulating her voyages or trips, times OF de-
parturo and return, gates Of charges &c. Tic said
board shall also have the power to investigate the
aoceunts of said boat well tlro' Themselves, as
through tile agent thereof and generally to super
wise, control and direct the course of the employ
ment and tho administration of her funds, and to
that end they sall be Authorised to give all fitting
and proper instructions to her agent, oflcers ana
others in tho employ,
The dircc,o shall also have the powers to fill
up all vacancies ior uaexpired torm) 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 the bylaws of said
board, collect the debts due to the association ana
IF any there should DO in suit in the name OF SAID
association, and also in like manner disburse their
funds, for neeccssary expenses and claims, and I'm.
der the like directions keep just and true books oil
tho accounts dealings and transactions 81 said as
ISOLATION at tho Office which shall BIO selected ny
tho said board in this city.
8. The directors Of said association shall continue
in office during the tern, Of six months, from the
duy Of their election and until the election of
now board, and such new board shall, it possible
DO elected one week after notcs aforesaid, and
prior 10 the expir ton Of tho term of the older
preceding OO1Fu. nc uHeuJ sHill EGiIidih III oi~o
at tho dscrclio Of the board, and the board shall
determine his compensation and The manner olPay
ing the same.
.. At the period therein before determined for
the expiration Of this co-par,ncrship, the atalr;
thereof shall be settled, and the same Iqurated
and wound up by the last board OF directors OF s''o
assocution, or the survivor or survivors OF them
10. Tho persons trusted with such liquidation
shall cause to be made full and comp ",e ha!sNcc
sheet Of The debts and credits of tho ssocation,
and they shall we'll and truly discharg" and SETTLE
ou. Of tho funds Of the association, c"nSist'nE oi
said boat her earnngs proc eds, III" nw'H dents
of said association, and whr" ust thr dch'S aaH
claims Of and against said associnia shall have
been fully paid and discharged, they shall make Il
just and equal partition among the Stockholders
ofsad association their lawful representatives,.
pro rata of the stock respectively he by t'"m Vt
ill tn. 70 naming funds Of said partnership; and
for the purpose Of ctIccting the liquidation OF said
concern the persons who shall hu the liquda'ors of
the same shall have full power to sell said steam
boat and her appur.cnanccs at public nuctlon, after
advertisement during once week in the usual
manner, nj such credits and on such terms and con-
ditions as 20 them shall appear advantageous and
shall have also full power TO cause to b discounted
without RECOURSE, ali notes obligations and credits
whatever, belonging unto said Association, Whe'
Their arising out of the sale ofsad boat, her earn
ings, or otherwise, provided such discount may not
be IN ado at 4 ratio exceeding ten per cent per an
mum, or to sell without recourse and at public
auction after,,he usual notice, all notes, claims and
credits, belonging unto said association, on such
terms as they may think iii.
II. Tho divi,l nls Of profits if any there shall
be, nado by said association, shall, after paying all
debtr charges and expenses, be declared at the end
of every six months succeeding the date thereof.
IL. This act of association is expressly based
upon the aforesaid act Of tho Legislature OF this
State, approved tho thirteenth of March. eighteen
hundred and thirty ven. and the atorenamed
members of this limited partnership hereby
declare that it is their intention to avail themselves
lin making this association) of all the privileges
and immunncs 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 the par value of the stock by them respectively
held, as contemplated the eighth section of said
act, and all prviledges granted or responsibilities
imposed by said act arc to be taken and considered
as embodied herein.
H. Tho said co-pari ncrship hereby elect the city
Of New Orleans the place of domlcil Of said as
sociation, and determine that the master or clerk
on said boat for the time being, either of them
.hsl be the agents of said association SO far as &c
sign bills oil ludng, to bind the said association 70
goods received on freight on board said steamer.
IA. Tho STOCKHOLDERS in said association shall
have the right to vote by proxy at all elections TO
directors, and to appear by proxy at all meeting
duly convened.
thus done and passed in this Office. the la,
as above, in the presence Of Bartholomew Wallis an
Theodore F. Thcincmann. competent witnesses
domiced in this city, who having slgne d with til
parties and me, the notary,
Origina-slgncd John Sl;dcll, VIM. II. Avery
Hcnry Mccall. John S. David, c. Adams jr , }.
Armant.
Aaron fart, Of ttc city Of Pittsbu-g, county ,
Al eghany, State Of cnnsyvanIa, is to these pre-
sen, presented by his SOP, Jesse Hart, of New o.
loans, as per irocutation her unto annexed.
AARON KART,
Per JESSE HART
Duncan +. kcuncc having left the city prcvlou
to signing, is here represented by Minor kcnn9
per letter hercunto annexed.
DUNCAN +. KENNER,
Pr MINOR kENNER.
Paul II bert having eft the city previous
signing, is here represented by Bernard Lauduinlc
as per letter hcrcunte annexed.
ED. LAUDUMIER,
Pour PAUL llEBERT.
JOHN S. PRESTON,
BY Isaac Il. Preston hi attorney in fact.
Tho words " fourteenth and " of June, 1899
interl!ned.
d Walls, Theodore T. Thcinemann, Horat
Davis notary public.
l certify the foregoing to be true copy fro
the original act cxtant on my current notarla'
gister, in faith whereof have hercunto sigf ed II
name and affixed the impress of my seal OF othc
New Orleans, June Goth, 1899.
Signed, HORATIO DAVE,
ala-2w3Od Notary Public