True American. [volume] (New Orleans [La.]) 1835-18??, 1839-05-29

y isans.-Bc it known that this day before me.
Joseph Benzakin Marks, notary public, in and
for tho city and parish Of New Orleans. State Of
Louisian. aforesaid duIy commissioned and sworn,
Personally came and appeared Mcssrs John Ste.
venson Waton-John Hall and Archibald Brown
Bein, Carpenters, transacting business under the
style aud firm Of Hall e. A Bcin-Benjamn
Harrol and John Hughes. Carpenters, transacting
business under the style and firm Of Harrod &
Hughes-John Thomas Osborne, Mark Thomas,
Freeman Annable, Joseph Wilder Davis, Samuel
Morrison, and Daniel Bubcock Clarke, all residents
Of this csty, who declared,
That in conformity with an net OF the Lcgisla.
ture Of this State, approved on the thirteenth Of
March. eighteen hundred and thirty seven, eutited
An act to authorize limited or anonymous part.
nershps, and to regulate tho samc,; tey, the said
appearers, have agreed, and do by these presents
agree 10 enter tho following limited or anonymous
partnership under the clause and conditions fol-
lowing 10 wit:
Art. l. That tho name, and style, under whc;,
said partnership is to be conducted shall be, +" The
Phoenix Tow Boat Company" and that tho place
where said company is 10 be located shall be in tho
city ofNew Orleans.
Art.2 2. That tho description or kind Of business
OF industry, to be carried on under said styIc by
the dir c;ors shall be to establish and continue to
run ono or more tow boats, for til, towing Of YES
sells, rendering assistance, corrying freight and pas.
sengers, and any other business which may be
lawful for tow boats 10 perform.
Art. J. That the amount Of tho capital Of said
company, shall ono hundred thousand dollars
each and payable in cash.
Art. 4. That the names Of tho partners, and
tho amount each partner has contributed is a. fol-
lows:
Saiu John Stephenson Walton, eighteen hundred
and thirty five shares; said J Hall and A. b Bciu,
sixty one shares; said Harrod Il Hughes, forty ono
shares; said John Thomas Osborne. thi,tcen shares
said Mark Thomas. ton shares said freeman an.
nabe, ten sharcs SAID John Wilder Davis, ten
shares; said Samuel Morrison, ten shares and
Daniel Babc"ck Clarke, ten shares.
Art. 5. That this partnership shall commence
from the date her Of, and the Same shall terminate
its operations and wind up its concerns on The
thirtceath Of June, eighteen hundred and forty.
three.
Art. 6. That there shall be three directors tc
transact tho business Of said company. and admin
stcr its concerns.
Art 7. That tho powers with which said director,
shall be vested, shall be TO elect fiom amongst
u cmselvcs, til If own president, and fill vacan
cies, and a majority Of whom shall have and art
hereby invested with full power to receive and pny
all monies, and 10 do and cause 10 bo done all tina
said Company-and the president by and with tn,
consent of majority os tho directors, is empower
ed 10 issue tho note or notes Of said company 70
uil demands, purchases or contracts on behalf o
said company, counstrsigned by al oast one Of .h'
| directors.
Art. 9. That the ,imo of duration Of the service
of said directors shall lie for year and that
election for the shall be held on the first on
day Of July, of each and evcry year during tho OK
istence Of this partnership.
Art. 9. That when said company shall have At
rvod at the period whom il is to expire. all the con
Germs and affairs OF the same, shall be wound u
and liqu dated BY such directors may be in oaic
a, tho timo.
Art. 10. That the powers to be ex oroiscd by tn
Directors intrusted with said liquidation, shall 10 q
follows 10 wit To receive su h sun, or sums, q
may be duo 10 the company. and give acquittunc
or aequittances therefor, and to sell the propcrt
Of said company, other at private sale or publ
auction, such terms and conditions as to thcr
may SEQ fit and advisable, and 10 pay tho debt .
said company.
Art. II. That the dividends of tho clear profit,
after paying al chargos and expenditures of III
company, shall be declared and paid t" tho stocl
holders. on tho first Monday in July of each al
every year during the existence Of this partnershi
first rcscrving ton per cent of Tho profits for
tingcncios.
Art. IL. That nj a general meeting of the stool
holders, all rules and regulations regards I'll
number Of notes each s'ockholders shall give, an
any other matter relative TO the wclu,c OF tho con
pany. not contrary TO the foregoing compact, sha
10 entered into, and tho rules and regulations
said. shall be denominatcd tho i" BY Laws Of I'll
Phoenix Tow Boat Company" and they shall
binding on the said Stockholders aud Their respet
tive heirs.
Done ind passed, in my Office, in tho city of Nc
Orleans, aforesaid in presence Of Daniel Ricnlt
and W nassard, witnesses eff Lawful! age and dom
cliaed in this city, who hcrcun,o sign their name
together with such uppcarers aud me, the
notary, this lst day Of Apr !, 1899.
Original signed. John Walton, Joseph
Davis, d IIarrod, D y Clarke, S Morrison, +. Al
nabe, A B Bcin, John Hughes, John + Osbor
Mark Thomas, John Hall, w liassasd, ~
card", B Marks, not. pnb.
] certify the foregoing TO bo n true copy Of Il
orig inal act extant i'll my current register in fail
Whereof grant thcse presents under my sign
, turo and seal of office at Now Orleans this god
April, 1899. JOS. B. MARKS, not. pub.
apl29 ct