True American. [volume] (New Orleans [La.]) 1835-18??, 1839-08-27

s. rules and by laws as may not be inconsistent with
this Act or with, the law afOre rcccd, upon which
this partnership is founded and specially they sha
have power to direct the mode drumming said boat
and regulating her voyages trips, times of de-
parturo and return, rates Of charges, &c. Tho SAID
board shall also have the power to investigate the
accounts Of said boat, as well thro' themselves, as
through the agent thereof and generally to super
viee. control and direct the course of tho employ
mont and tho administration of her funds, and Ia
that end they shall be Authorised to give all fitting
and proper instructions to her agent officers and
others in the employ.
Tho d,rcc,o shall also have tho powers to fill
up all vacancies Uor uacxpired torm) arising IN
said (board, from death, resignation or otherwise
Tho agent of said boat shall reside in the city OF
New Orleans, and shall under tho bylaws Of said
board, collect tho debts duo to the association, and
IL any there should be in suit in the name of said
Association, and also in like manner dsburse their
funds, for necessary expenses and claims, and I'M
der tho like directions keep just and true books OF
the accounts, dealings and transactions IF said as
ISOLATION at the Office which shall be sec!cctod by
the said board in this city
8. Tho directors ofsaid association shall continue
in Office during the term Of six months, from tho
day Of their election and until tho election Of a
new board, and such n-w board shall, il possible,
b elected one week after notice aforesaid, and
prior 10 the evpir ton Of the term of tho Older
preceding board. The agent shall remain in Office
at the dscrc,o Of the board and tho board shal!
determine his compensation and the manner of pay
"k INC same.
-, >. ~ tho pcr!od therein ocorc aetei,''''M lot
mo expiration VI TINS c"-pnr'nersh'P' INV "''"s
'oesoo' sna'' oc act''ed ana ."s sa't ''lu'ca'.u
""o wouhd up ny inc i"st o'ara VI o'rec'os u SAM
association, or the surv survivors ofthem.
TO- Tho persons trusted with such liquidation
shalt cause to be made full and complete balance
"1'. u 'no uo'S a"" e'1o''s y, 'o "'soS'"'" Wv,
ana tney sha'' well ana truly a'scharg" ana sc'''c
OUT Of INC 'unas OF inc assoc'a,ion, CONSISTING OF
ss'o ooa'' hes o. ProcccaS, 'e "o"ts
OF ea'd association, ana wheh al inc deots ana
CLAIMS o. anu against sad ASSOCIATION s'a" nave
Deoe" fui'y pa'a ana a.schargeo' 'h"y sha'' make
Jue' ana equai r'Partiti"n among inc stocRhoioers
OF "s'd ASSOCIATION or lhe'f lawful representatives.
pro rata OF inc stock respectively hod oy them OF
:" INC remaining '1nas OF safo partnership; ana
soI inc purpose {" eitecting the lquinhl'oh OF sa'd
cohcefn inc persons VINO snail DC inc il4nda'ors OF
shc same shall have iui power to soil sad steam
ocat AND nor anpurtenanccs at Pnbi'c auctoh' amer
advertisement aa''hg once week IN llc usual
Mannof' al suc crealts ana ON sue" 'cr''is III" con.
on'on' AZ 20 them shall appear advantageous ana
snail nave also ta'' power 70 cause 10 o'scooh,e"
"Inoot recourse all notes onigat'"hs ana crcaI's
w"atevei' oelohging uhto said htsoc'a'in" "he-
:"sf arising Out OF the salo OF saio ooa,' lcr earn
ss' 's otne1"'se' P'o''"co SUCH discount 'nay ho'
10 mldo NJ rate exceeding ten per cent per an
mum, or oven 70 sell without recourse and at public
auction atScr the usual notice, all notes, claims and
cteo'tH' bc'ng'ng unto SAID ASSOCIATION, on such
terms az they may think nj.
H. inc d'vh ms OF prohts, u any thefe shasl
DC, made by said Assocla,l"n SHALL after paying all
deot c'arges and expenses, be declared at the end
OF every SIX months succeeding inc date thcfc"l.
IL. This act Of association is expressly based
upon the aforesaid act OF the Legislature OF tins
stats, approved tho thirteenth of March. eighteen
10red and thirty seven, and the atorcnam"d
members of this limited co partnership hereby
declare that il is their intention to avail themselves
I'm making this association) Of all the privileges
and 'mmunities IN tho sad act OF tho Legislature
/ contemplated, and specially OF the privilege of
exemption from responsibility for the dobts and
obligations of said association beyond the amount
Of tho par value of tho stock by t':cm respectively
held. az contemplated IN the eighth section Of SAID
act, and all priviledgcs granted or responsibilities
imposed by SAID net to he taken and considered
| ~ embodied herein
-. The said co-par'norshp hereby elect TIC city
Of New Orleans as the place of donic Of said as
ISOLATION, and determine that the master or cork
on said boat for tho time being, or either of them,
shall b. tho agents Of said association, far
sgn bills OF ladng TO bind tn" SAID ateoc alton for
goods received on freight on board sad steamer.
Ia. Tho stockholde IN SAID association shall
have the right to vote by proxy at all cleo IONS Tor
directors, and to appear hy proxy at all meetings
daily convened
Thus done and passed in tbs office. on the date
as above, IN the presence Of Bartho!omew Ais and
lomc,led in this city, who having SIgned with the
parties and mo, the notary,
"a Orgna'--signcd John Sl.'r.i, VIM. H. Avery.