True American. [volume] (New Orleans [La.]) 1835-18??, 1839-09-19

'wo thousand and four hundred dollars 2,l0
4. Christopher Adams, r. of his city for
three shares, two thousand aud four hundred
dollars. 24O
vii lam Hamilton Avery, Of this city,
for three shares two thousand and four hun
drcd dollars 24Ot
g. John $. Preston, of the parish OF As
censlon, for three shares two thousand and
four hundred dollars. 2,4Ot
7. John Stephan David, of the parish of
St. james, for two shares, sixteen hundred
I, ollars. ] Goo
g. John S. Armand, OF the parish Of st.
james, for two shares, sixteen hundred dol.
lars l,GO(
g. Paul IIebcrt, of the parish of Ihcrville,
for one share, eight hundred dollars SOl
10. Aaron Hart, of Pittsburgh for seven.
teen shares. thirteen thousand SIX hundred
dollars. 1860
$4,000
5. This partnership shall commence on the day
of date hereof, and the operations of the same
snail terminate, and the concerns thereof shall be
wound up at the expiration of twelve months from
the date Of this act.
7. There shall be appointed by said association
upon the meeting of any five Of til" Stockholders
thereof convened in the city rt New Orleans
after two days notice in one OF the public gazettcs
of said city, board which shall! consist nf three
directors, TO ne CHOSEN from among the
of said ussocil tion, and in like manner here shall
be an agent appointed for the same.
I he board d1lof drtors of this lnctltntlon,
ahnhavc flu la powers &C authority to max such
rules and by laws as may not be moons stant with
this act or with the law arorc 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 or trips, times of de-
parture and return, rates Of charges &c. The said
bn,rG ha1l ale thp to iuat t,p
accounts Of said boat, well thro' themselves,
through the agent thereof and generally to super
wise, control and direct tho course of the cnploy-
mcnt and the administration of her funds, and o
that end they shall be authorised to give all fitting
and proper instructions to her agent, officers and
others in the employ.
The directors shall also have the powers to fill
up all vacancies (or uaexplred term) arising in
said board, from death, resignation 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, and
if any there should be in suit in the of said
association, and also in like manner dSburse their
funds, for necessary expenses and claims, and un.
der the like directions keep just and true books Of
the accounts, dealings and transactions Of said as
ISOLATION at the Office which shall be sccected by
the said board in this city,
s. The directors of said association shall continue
in office during the term OF SIX months, from the
day of their election aud until the election of a
new board and such new board shall, it possible G.,
be elected week nfter notice aforesaid, and
prior to the qvpir ton Of the term of the older
preceding board. The agent shall remain in office
at the discretion Of the board and the board shall
determine his compensation and the manner of pay
ing the same.
Q. At the period therein before determined for
the expiration Of this co-partncrship, the affairs
thereof shall be settled, and the same liquidatcd
and wound up by the last board Of directors Of said
association, or the survv or or survivors ofthem.
10. The persons so trusted with such liquidation
shall cause to be made full and complete balance
sheet Of the debts and credits Of the association
and they shall well and truly discharge and settle
out of the 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 discharged, they shall make Il
uSt and equal rrpartition among the stockholders
Of said association or their lawful representatives,
pro rata, of the stock respectively he by them, of
all the re naming funds of said partnership; and
for the purpose Of eecting the liquidation Of said
concern the persons who shall be the liqudators of
The shul! have full power to sell said steam
boat and her appur.cnanccs at pubic auction, after
advertisement during week in the usual
manner, at such credits and on such terms and con-
tiltions as 10 them shall appear advantageous, aud
shall have also full power 10 cause TO b discounted
without recourse, all notes, obligations and credits
whatever, belonging unto said association, whc-
thcr arising out of the sale of said boat her earn.
ings, otherwise, provided such discount may not
be made at rate exceeding ten per cent per
mum, or to sell without recourse and at public
auction after the usual notice, I'll notes. claims and
credits, belonging unto said association, on such
terms as thcy may think fit.
II. The divide nds of profits if any there shall
be- made by said association, SHALL after paying all
debts, charges and expenses, be declared at the end
of every six months succeeding the date thereof.
-. 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 ven, and the aforcnamcd
members of this limited partnership hereby
declare that it is their intention TO avail themselves
I'm making this associution) of all tho privileges
and immunitics in the said act of the legislature
contemplated, and specially Of the privilege Of
exemption tr"m responsibility for the dct,,s and
obligations of said association beyond the amount
of tho par value of the stock by them respectively
held, as contemplated the eighth src,ion of said
a t, and all privilcdges granted responsibilities
imposed by sad act 10 be taken AMI con.ldcred
as embodied herein.
Is. The said co~partncrshr hereby elect the city
of New Orleans as the place of domcii of said as.
ISOLATION, and determine that the master or clerk
on said boa, TO: the time being, either of them,
shall c the agents of said aSsocia,ion SO far as to
sign bi Is of lldng TO bind the said assoc alton for
goods received on treight on board said steamer.
IA. The stoCkholdc s III 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.
| nus done and passed in this office. on the date
as above, III the presence of Bartholomew Walls and
Theodore +. Thrincmann, competent Witnesses,
domciled in this city, who having sisns with the
PARTIES and me, the notary,
Orignal-sgncd John Sl:dcl, VIM. II. Avery,
Henry Mccall, John S. David, c. Adams, ir J. S
Arnant.
Aaron Hart, of the city of plt,shurg, county of
AL eahany, State of Pennsy vanla, is to these pre-
sen, presented by his son, jesse Hart, of New Or
leans, as per rocu, alton her unto annexed.
AARON HART,
Per JESSE HART,
Duncan r. kenncr having Lett the city previous
to signing, is here represented by Minor kcnnvr,
as per letter hereun,o annexed.
DUNCAN F. kENNER,
PR MINOR KENNER
Paul II bert having left the city previous 10
signing, l>.hcrc represented by Bernard Laudunicr,
as per letter hercunto annexed.
BID. LAUDUMIER,
Pour PAUL uEBERT.
JOHN S. PRESTON,
By Isaac Il. Preston his attorney IN fact.
The words " fourteenth" and OF June, 1897
Wallis, Theodore F. Zimmerman, Horatio
Davis, notary public.
l certify the foregoing to be true copy from
the orig nal act extant on my current notaral re-
gister, in faith whereof have hcreunto signed my
name and affixed the impress of my seal OF office
New Orleans, June Goth, 1889.
Signed, HORATIO DAVIS,
sod Notary Public.
WHITE LEAD AuE>.N.
II. subscribers having received the agency ui
Wlite Lead, from one OF the largest Ind best manu-.
offer il 70 sleamhnMts. hnI dcalers