True American. [volume] (New Orleans [La.]) 1835-18??, 1839-10-01

Two lnOuSlnI ana 1OuE ~,fOo
4. Christopher Adams r. of this city for
| three shares, two thousand and four hundred
dollars. 2,1OO
S Villa Hamilton Avery, of this city,
for three shares two thousand and four hun
drcd dollars. s,1Oh
6. John S. Preston, of tho parish of rs
ccnsion, for three Shares two thousand and
| four hundred dollars. 2,400
| 7. John Stephen David, of the parish Of
st. James, for two shares, sixteen hundred
dollars. l,boO
! 8. John S. Armand OF the parish of st.
| James, for two shares, sixteen hundred dol.
lars. 1000
0. Paul IIebcr,, Of the parish Of 1hmrvilo,
| for one share, eight hundred dollars 500
TO- Aaron Hart, of Pittsburgh, for seven.
teen shares, thirteen thousand six hundred
dollars l3,uOo
| $4,000
| 5. This partnership shall commence on the day
Of date hereof, and the operations OF the same
shall terminate, and the concerns thereof shall be
wound up at tho expiration of twclvs mouths from
| the date Of this act.
7. There shall be appointed by said ASSOCIATION
upon the meeting of any five Of the Stockholders
thereof convened in the city Of New Orleans
after two days notice in one Of the public gazetes
of said city, a board which shall consist "i three
directors, to be chosen from among the stockholders
of said ussncatun, and in Ike manner tAorc SHAH
The board d7lof d.rtors of this institution,
ahnhave flu la powers &C authority to max G such
rules and by laws as may not be INCONSISTENT with
this act or with the law aforc rccited, upon winch
this partnership is founded and specially they shall
have power to direct the mode of running sad boat,
and regulating her voyages or trips, tunes OF dc
parture and return, rates Of charges, &c. The said
board shall also have the power to investigate the
accounts of said boat, well thro themselves as
through the agent thereof and gcnerallyto super
wise, control and direct the course of the employ
mcnt and the 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,rccto-. shall also havo the powers to fill
up all vacancies dor uacxprcd ,crm) arising in
said board from death, resignation or otherwise
The AGENT of said boat shall reside III the city OF
New Orleans, and shall under the bylaws of salc
board collect the debts due to the association ant
if any there should be in suit in the name of sac
association, and also in like manner disbursc then
funds for necessary expenses and claims, and un
der the like directions keep Just aud true books
. the accounts dealings and transactions ri said as
ISOLATION at the Office which shall be selected b,
= the said board in this city,
j., s. Tho directors of Sdl s~ocition shall continu
= in office during tn" term of six months, from tn
day of their election and until tho election OF
new board, and such n'w board shall, II P"sSib q
be elected one week after motto aforesaid, ar
prior to the e>plr ton Of the term OF the "ldc
T. preceding board. Tho agent shall remain IN Ollie
= ut the dscrc,o vt tn, board, and the board sha
determine Ills compensation and the manner OF pay
rng the same.
9. At the period therein before determined to
tho cXpr liinn of this co-parincrshln, the affair
thereof shall b.. settled and the same hJnIhar
and wound up by the las, boar! OF directors OF sal
,sscciat on, or the s'lrv vor or Survivors OF them
10 The persons 81 trusted with such liqudallo
shall cause to be made u full and complete ba!anc
sheet of the debts and credits OF the association
and they shall we'll and truly discharge aud sctt
-, out of the funds Of the assoc ton, consisting
T. said boat her earnings proceeds, the lawful dob
a. of said association, and when all the hchls al
a. claims of and against said association shall hay
been fully paid and Il scharged, they shalt make
a. ust and equal PARTITION anohg the stocKholde
J of said association their lawful representative
~ pro rata of the stock respectively he by them,
nd all the remaining funds of said partnership al
nd for the purpose OF etlcCtng the liquidation OF sa
Of concern the persons who shall be the quidators
the same shall have full power to sell SAID stea
nc boat and hor appur!cnances at public auction, ait
advertisement during once week IN the uSu
=. manner at such credits and on such terms and CO
Of Iuons as TO them shall appear advantageous, al
lin shall have also full power to cause to b. discount
ge without recourse, ali notes, obligations and cred
be whatever, belonging unto said association, wi
Their arising out of the sale OF sad boat, her cal
iugs or otherwise, provided such discount may II
he made at a rate exceeding ten per cent per a
aum. or even to sell without recourse and at pub
auction after the usual notice, al notes. claims
credits, belonging unto said ASSOCIATION, on su
terms they may think tit.
w- IL. The dIvid nds OF profits, IT any lhere sf'
Ut he nado by said association, shall, alter paying
ich debts. charges and expenses, be declared at the
cry Of every SIX months succeeding the date thereoi
's H. This act Of association is expressly pa
upon the aforesaid act of The Legislature OF
State, approved tho thirteenth of March. eighte
hundred and thirty ), ven, and the atorcnan
=. members Of this limited co-partncrship here
declare that it is their intention to avail thonsc
lin making this assuciat!on) of all the privhc
req and mmunities in tho said act of the lrgslat
'nm, contemplated, and specially OF the privilege
tile exemption fir III responsibility for the dc"ts ;
oblir atoms of sld association beyond the aiho
inc of the par vaue of the stock bv item acspcctv
will held. as contemplated IN the eighth section of
the t, and all prvi!cdgcs granted or responsible
II" nooscdby sad act arc to be taken and col'sldc
" 81 as embodied herein.
" 49, The said Coz parn crship hereby elect the
will of New Orleans as the place OF doIncll OF SAID
sill ISOLATION, and determine that the master or cl
on SAID boat for the time being or either OF Iii
or shall be the agents of said assoca Ion, so far al
or sign bills of ladng, bind the said assoc alton
goods received freight on board SAID steamer
H. The stockholdc in said association S
y $, have the right to vote by proxy at all
- directors, and to appear by proxy at all meet
" |n hus done aud passed in tn office. on the
as above, IN the presence of Bartholomew Walls
F. Theodore +. Thencmann, competent wltne'
ct domiciled in this city, who having signed with
- parties and me, the notary,
Original-signcd John Sl.dcll, Wm II. Az
Henry Mccall, John S. David, G. Adams, jr,
Armant.
Aaron Hart, Of the city of Pittshu-g, eoun
hou, Al eghany, State Of Pcnnsy van!a, is to these
s'er sent presented by his son. Jesse Hart OF nc"
We'd leans, per procuration her unto annexed ,
every AARON HART,
w on Per JESSE HA
''"'' Duncan +. Kenncr having left tho city prev
IL to signing, is here represented by Minor hc'
~. as prr letter hcrcunto annexed.
:, ~, DUNCAN F. KENNER
! n "'S Per MINOR kENNE
,nut5 Paul HILBERT having left the city preV!o
stout signing i, here represented by Bernard Laudu
:, and as per letter hereunto annexed
3D. LAUDUMIER,
OF N. Pour PAUL liEBEi
~, JOHN S. PRESTON,
."H. By Isaac II. Preston his attorney in tact
Tic words " fourteenth" and cot June,
stnlen interl!ncd. =,
b Walls, Theodore F. Theincmann, Il
" Or Davis, notary public.
l certify the foregoing TO be a true copy
996. tho original act eXtant on my current notar
No pistcr in faith whereof have hcrcunto sign
nn,ue and affixed the impress of my seal OF
New Orleans, June Goth, 1889.
Signed, HORATIO DAVl:
olS.ow3Od Notary Pu
Whlrt. LEAD AHENCl.
OF the 1UYNE Subscribers having received the age