True American. [volume] (New Orleans [La.]) 1835-18??, 1839-08-22

rules and by laws as may not be inconsistent with
Ahh act or with the law afore rected, upon which
this partnership is founded and specially they shull
have power to direct the mode of running said boat
and regulating her voyages trips, times of de-
parturo and return, rates of charges, &c. The said
board shall also have tho power to investigate tho
accsunts Of said boat, well thro' themselves, as
through the agent thereof and generally TO super
vse control and direct the ca urse of the employs
mont and tho administration Of her funds, and to
that end they shall be authorised to give all fitting
and proper instructions TO her agent, officers and
others in the employ.
The d,reclo shall also havo tho powers TO fill
up oil vacancies Uor unexpired tcrm) 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 by-laws of said
board. collect the debts due to the cssociation and
il any there should be in suit in the Of said
association, and also in like manner disburse their
funds, for necessary expenses and claims, and I'M
dor the like directions keep just and true books Of
the accounts, dealings and transactions Of said
ISOLATION at tho Office which shall be scolected by
the said board in this city.
3. The directors of said association shall continue
in Office during the term Of six months, from the
day Of their election and until tho election of a
new bonrd. and such new board shall, if possible,
30 elected one week after notice as aforesaid and
prior 10 tho expir tion OF the term of the older
preceding board. The agent shall remain in office
ut the discrctio, Of the board, and the board shall
determine his compensation and the manner Of pay
ing the same.
>. At the period therein before determined for
tbs expiration Of this co-par,nershp, the affairs
thereof shall be settled. and the same liquidated
and wound up by the last board Of directors of said
association, or the survivor or survivors ofthen,.
10. Tho persons SO trusted with such liquidation
shall cause to be madc full and complete balance
sheet Of the debts and credits Of the association:
and they shall we'll and truly discharge and settle
out Of tho funds OF tho association consisting of
said boat her earnings proceeds, the lawful debts
Of said association, and when all tho debts and
claims Of and against said association shall have
bosn fully paid and discharged they shall make a
just and equal r'partton among tho stockholders
ofsaid association or their lawful representatives,
pro rata, of the stock respectively held BY thcm of
ell the remaining funds of said partnership and
for the purpose Of eccting tho liquidation of said
coRcorn the persons who shall be the iqudators of
the same shall have full power to sell said steam
boat and her appur.cnances at public auction, after
advertisement during once week in the usual
manner at such credits and on such terms and con-
ditions as to them shall appear advantug cors, and
shall have ais" full power TO cause to b. discounted
without recourse, oil notes, obligations and credits
whatever, belonging unto said association, who.
thsr 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 an.
aum, or even to sell without and at public
auction after the usual notice. all notes, claims and
credits, belonging unto said association, on such
terms us they may think fit.
IL. The divid nds of profits, If any there shall
be, made by said association, SHALL after paying all
debts chagcs and expenses be- decla rod at the end
Of every six months succeeding tho date thereof.
IL. 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 ssven, and the aforenatncd
members of this limited CO partnership hereby
declare that it is their intention to avail themselves
Tin making this association) of oil the privileges
and immunlties in tho said act of the legislature
contemplated, and specially of tho privilege of
exemption firm responsibility for tho debts and
obligations of said association beyond the amount
of the par value of tho stock by thcm respectively
held as contemplated in the eighth section Of said
act, and all priviledges granted or responsibilities
imposed by SAID act arc to be taken and considered
MS embodied herein
l3. Tho said co-partnership hereby elect tho city
of New Orleans as he place of domic Of said as.
ISOLATION, and determine that tho master or clerk
said boat for the time being, or either Of them,
shall be the agents of said association, far as to
sign bill OF lading, TO bind the said alton for
goods received on freight on board said steamer.
Ia. The stockholde in said association shall
have tho right to vote by proxy at all elections for
directors, and to appear by proxy at all meetings
duly convened.
Thus done and passed in tn, Office on the date
as above III the presence Of Bartholomew Walls un4
Theodore +. htinemann, competent witnesses
domicicd in this city, who having sgne with the
parties and me, the notary,
Original--signod John Sl:del, VIM. II. Avery,
Henry Mccall, John S. David, c. Adams, If J. $
ArMnn,.
Aaron Hart, Of the city of Pittshu-g, county Of
Al eghany, Statr of Pennsylvania, is to these pre-
sent Pr sen cd by his son, jesse Hart of New Or
looms, as per Erocuratlon her. unto annexed.
AARON HART,
Per JESSE HART
Duncan F. kcnncr having lett the city previous
to signing, is here represented by Minor kennsr,
as per letter hereunio annexed
DUNCAN F. kENNER,
Pr MINOR KEN Err.
Paul HILBERT having left the city previous 10
signing is here represented by Bernard Laudumicr,
a. per letter hcreunto annexed.
BID. LAUDUMIER,
Pour PAUL IlEBERT.
JOHN S. PRESTON,
By Isaac Il. Preston lis attorney in fact.
Tho words " iourtsentl," and of June, 1885,
in,erl!ned.
y, Walls, Theodore +. Thcincmann, Horatio
Davis, notary public.
/ eertity the foregoing TO be true copy from,
che orglRai act eXtant my current notarial re.
gster, in faith whereof have hcrcunlo signed my
name and atE red The impress of my seal of office
New Orleans, June 20lh, 1899.
Signed, HORATIO DAVIS,
ale-m3od Notary Public.
NTAlS UNIS UAMERIQUE-Etat de la
Ii l.ouisane-Vi l6 ct Paroisse de la Nouvee>
Orleans-Ce quartozieme jour du mois de JUN do