True American. [volume] (New Orleans [La.]) 1835-18??, 1839-05-31

NTATE OF LoU1sIANA.-C.y Of Now Or.
- loans.-Bs il known that tins day before me.
Joseph Benzakin Marks notary public, in and
for tho city and parish Of New Orleans, State Of
fLouisian, aforesaid du,y commissioned and sworn,
Personally came and appeared Mcssrs John Ste.
venson Walton-John Hall and Archibald Brown
l'ein, Carpenters, transacting business under the
style aud firm Of Hall & A . Bcin-Boniamin
llarroi and John Hughes, Carpenters transactjng
business under the style and firm Of Harrod e.
Iiughes-John Thomas Osborne, Mark Thumas
Freeman Annable, Joseph Wilder Davis, Samuel
Morrison, and Daniel Babcock Clarke, all residents
Of this csty, who declared.
That in conformity with an act Of the Legisla.
ture OF this State, approved on tho thirteenth Of
March, eighteen hundred and thirty seven eutitled
An act 10 authorize limited or ANONYMOUS part.
nershps, and to regulate the samc,'' ey, the said
apPcnrers, have agreed, and do by these presents
agree 10 cnter tho following limited or anon ymous
partnership, under the clause and conditions fol
lowing TO wit:
Art. l. That the name, and style, under which,
said partnership is to be conducted, shall be- :. The
Phoenix Tow Boat Company" and that tho place
where said company is to be located, shall be in tho
city Of Now Orleans.
Art. 2. That the description or kind of business
or industry, to DO carried on under said style, by
the dir ctors shall BIO 10 establish and continue to
run ono or more tow boats, for this towing Of YES
sels, rendering assistance, corryng freight and pas
| sengcrs, and any other business which NAV DO
lawful for tow boats TO perform,
Art. j. That the amount Of the capital Of said
company, shall DC ono hundred thousand dollars
each, and payable in cash.
Art. 4. That the names Of the partners, and
the amount each partner has contributed, is as fol,
lows:
SAID John Stephenson Walton eighteen hundred
and thirty five sharos; said J Hall and A B Bein.
sixty ono shares said Harrod L. Hughes, forty one
shares; said John Thomas Osborne, ihirteen shares:
SAID Mark Thomas. ton shares said Freeman n
nabs. ten shares; said John Wilder Davis, ten
shares; said Samuel Morrison, ten shares and
Daniel Babcock Clarke, ton shares.
Art: 5. That this partnership shall commence
IRON the date her OF, and the shall termin
its operations and wind up its concerns on the
thirteenth Of juno, eighteen hundred and forty.
three.
Art. 6. That there shall bo three directors 10
transact the business Of said company. and admin.
ster its concerns.
Art. 7. That the powers with which said directors
shall be vested, shall BE- to elect fiom amongs,
Il emselves, tn If own president, and fill yacan
| cIcs, and q majority Of whom shall have and are
hereby invested with full powor to receive and nav
all monies, and TO DO and 10 be done all that
is requisite to the conducting Of the business Of
said company-and the president by and with the
consent of minority os tho directors is empower.
ed to issue tho note or notes of said company for
| all demands purchases or contracts on behalf OF
said company, coun,ersg ned by al least one Of the
| directors.
Art. 9. Tina, tho time of duration of tho service
OF said directors shall TO for year ard that al,
election for the same shall bc held on the frs, Mon
day OF July, of each md every year during the OK
stcnce Of thi. partnership.
Art. 9. That when said company shall have ar.
rived at the period when it is to expire, all the con
Germs and affairs OF the same, shall 10 wound IN
| md lin, Il unI he. Il
at the lime
Art. 10. That the powers 10 be Oh sroiscd by the
Directors introsted With said liquidation, shall te al
follows, to wit To receive su h sum OF sums, a.
may be due TO the company, and give acquittance
or aequttances therefor, and TO sell the property
OF said company, either at private sale or public
auciion;on such terms and conditions to them
may sec Fl, and advisable, and 10 pay tho debt Of
| said company.
Art, II. That the dividends of tho clear profits
after paying al chargos and expenditures of the
company, shall be declared and paid to the stock
holders Oh the first Monday in July of each and
every year during the existence Of this ershp
first rtservng ten per cent. Of The profits for con
| tingencies.
Art. H. That at general meeting of the stock
holders, all rules and regulations as regards the
| number Of notes each stockholders shall give, and
any other matter relative TO the welfare OF the com
rany, not contrary to tho foregoing compact, sla
be entered nto and tho rules and regulations afore
said, shall be denominated tho By. Laws of tho
Phoenix Tow Boat Company" and they shall be
binding on the said stockholders and Their respec
tive heirs
Done and passed, in my Office, in tho city of New
Orleans, aforesaid, in presence of Daniel RcaldC
and w ila.sard, witnesses CT lawful aye and tomi
cilla'cd in tins city, who hcrcuno sign their namos
| together with such appcarcrs aud me, the sait
notary, this LIST day of App !, 1899.
Original signed, john $ Walton, Joseph W
nn