True American. [volume] (New Orleans [La.]) 1835-18??, 1839-10-14

u | '"o luOusunu anu IOuE nun0feu dollars Al
6 4. Christopher Adams, j.. Of this city for
three shares, two thousand and four hundred
= dollara. odO
- 5. William Hamilton Avery, Of this city,
Tor three shares, two thousand and four hun.
+. dred dollars. 2lO
6. John s. Preston, of tho parish Of As
cension, for three shares, two thousand and
four hundred dollars. $40
7. John Stephen David, Of tho parish Of
st. james, for two shares, sixteen hundred
collars. l.6O
8. John S. Armand, OF the parish of ST.
James, for two shares, sixteen hundred dol.
lars. l6O
Q. Paul tebert, Of tho parish of Ibcrville,
for ono share, eight hundred dollars 90
10. Aaron Hart, Of Pittsburgh, for seven.
teen shares, thirteen thousand ak hundred
dollars. 1861
$4,000
S. This partnership shall commence on tho da,
OF date hereof, and the operations of tho same
shall terminate, aud the concerns thereof shall be
wound up at the expiration Of twelve months fro,.
the date Of this net
7. There shal be appointed by said ASSOCIATION
upon tho meeting Of any five Of the stakeholder.
| thereof convened in the city ef New Orleans
alter two days notice in one of the public gaz.ttes
OF said city, board which shall consist OF three
directors, to be chosen from among tho stock oldors
of said ass"ciaton, and in like manner hero shat
Tho board d7lof d,rtors of this institution.
ahnhavo flu la powers &C authority to max such
| rules and by laws az may not be inconsistent with
this act or with the law afore rectcd, upon which
this partnership is founded and specially they shall
have power to direct the mode drumming said boat
and regulating hor voyages or trips, times of de-
parture and return, rates Of charges, &c The said
board shall also have the power to investigate the
accounts OF said boat, as we'll thro themselves as
through the agent thereof and generally 10 super
wise, control and direct the course of tho empIoy-
ment and tho administration of her funds and 10
that end they shall be authorised to give all fitting
and proper instructions to her agent, officers and
others in the employ.
The drncto shall also have the powers TO fill
up all vacancies Dor uaexpired term 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 the assoc ation and
1t any there should be in suit in the naae of said
association, and also in like manner disburse their
funds. for neecessury expenses and claims, and I'M
der the like directions keep Just and true books of
the accounts, dealings and ira ions Of said as
sociati"n at tho Office which shall be selected by
the said board i'll this city
.. The directors of said association shall continue
IN office during tn" term Of six months, from the
day Of their election aud until tho election of
new board, and such new board shall, ifpossbe,
DO elected one week after notice aforesaid, and
prior to the expiration of tho term of the older
preceding board. The agent shall remain in office
at the discretion of the board aud the board shall
determine lis compensation und the manner of pay.
ing the
.. At tho period therein before determined for
the expiration OF this cO-plrtnersp, tho affairs
thereof shall be. settled, and the same liqudnted
and wound mp by the last board of directors Of said
association, or the surv vor or survivors Ofthem.
10 The persons SO trusted with such liquidation
shall cause to be made full and complete balance
.l,T 49, I,. .l-kt -r.l
and they shall we'll and truly discharge aud settle
out Of tho funds Of the association, consisting of
said boat her earnings proceeds the lawful debts
of said association, and when all the debts and
claims Of and against said association shall have
been fully paid and discharged, they shall make
ust and equal partition among tho stock holders
OF said association or their lawful representatives.
pro rata Of the stock respectively he d by them of
all tn 70 aiming funds OF said partnership; and
for the purpose OF ctlectng the liquidation Of said
concern the persons Who shall be the iquida,ors of
the same shall have full power to sell said steam
boat and her appurlcnanccs at public auction, after
advertisement during once week in the usual
manner, al such credits and on such terms and con-
ditions as to them shall appear advantageous and
shall have also full power TO cause to b. discounted
without recourse, ali notes, obligations and credits
whatever, belonging unto said association, who
Their arising out OF the sale Of said boat. her earn.
tngs, or otherwise, provided such discount may not
be mado at a rate exceeding ten per cent per an
mum, or even to sell without recourse and at public
auction after the usual notice, all notes, claims and
credits, belonging unto said association, on such
terms as thcy may think fit.
II. The divide nds of profits if any there shall
be, mndo BY said association, SHALL after paving all
dents, argos and expenses, be rcared at tho end
OF every six months succeeding the date thereof.
IL. This act of association is expressly based
upon the aforesaid act Of the legislature Of this
State, approved tho thirteenth of March. eighteen
hund red and thirty seven. and the aforenamcd
members Of this limited co-partncrship hereby
declare that it is their intention to avail themselves
lin making this assocation) of all tho privileges
and mmunities in tho said act of tho legislature
contemplated. and specially of tho privilege of
exemption frJ'n responsibility for tho debts and
obligations of said association beyond the amount
Of tho par value of the stock by taem respectively
held, as contaminated in the eighth section of said
at and all privileges granted responsibilities
imposed by said act ure to DO taken and considered
as embodied herein.
ID. The said co-parinership hereby elect tho city
Of New Orleans the place Of don,icil of said as
sociation und determine that the master or clerk
on said boat for the time being, either Of them,
shall be the agents Of said association far as to
sign bills of ladng, TO bind the said assoc ation for
goods received on freight on board said steamer.
II. The Stockholders in said association shall
have the ri ht to vote by proxy At all elections for
directors, and to appear by proxy at ul meetings
dsly convened.
Thus done and passed in this Office. on tho date
as above, tho presence of Bartholomew Walls and
Theodore F. Thcinemann competent Witnesses,
doWcilcd in this city, who having signed with the
parties and me, tho notary.
Oriciuai-signed John Sl:del, VIM. II. Avery,
Henry Mccall, John S. David, c. Adams, jr., J. S
Armant.
Aaron Hart, of the city of Pittsburg, county of
Al cghany, State of Pennsylvania is 10 these pre-
sent presented by his son, jesse Hart, of New Or
leans, as per procuraton her unto annexed.
AARON HART,
Per JESSE HART.
Duncan r. kenncr having left tho city previous
to signing. is here represented by Minor kcnnsr,
per letter hereunto annexed.
DUNCAN F. kENNER,
Per MINOR KENNER.
Paul HILBERT having left the city previous TO
signing, j. here represented by Bernard Laudumicr,
as per letter hercunto annexed.
BID. LANDOWNER,
Pour PAUL lIEBERT.
JOHN 5. PRESTON,
By Isaac T. Preston his attorney in fact.
The words " fourteenth" and of June, 1885,
interned.
d Walls, Theodore f. Theinemann, Horatio
Davis, notary public.
l certify the foregoing to be truo copy from
tic orig inul act extant on my current notarial re-
gister, in faith whereof l have hcrcunto signed my
and affixed the impress of my seal Of office.
New Orleans June Goth, 1889
Signed, HORATIO DAVIS,
ale.2w3Od Notary Public.
NJ E(V NI!SIr M.n,nyr a, .TL, ~