The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1840-01-21

cipal place of the business is situated in book To
be kept.or that purpose, open to public inspection
and if the partnerships shall have places of bust
ness situated IN different towns, the certifcater
i"resald shall be recorded in each of such towns !;
and any false statement shall be made in any
such certificate, all the persons interested in the
partnership shall be liable as general partneis for
! all the engagements thereof
D. The partners shall, for six successive weeks
mmed Ately after such certificate shall he recorded
publish copy thereof in a newspaper printed id
the county where their principal place of bushes.
IS situated and if no such paper be there printed
then in newspaper printed in adjoining county
in this state and in case such publication he not
so made, the partnership shall be deemed gener.
al.
! 6. Upon every renewal or continuation of a
limited partnership, beyond the lime originally II.
greed upon for its DURATION, certificate thereof
shall be made; Acknowledged recorded and sub.
lished, in the like manner is provided in this
chapter for the original formation of limited part
nershIps, and every such partnership which shall
not be renewed in conformity with the provisions
OF this section shall be deemed general partner.
ship.
| z. The business of the partnership shall be
conducted under firm, in which the names of the
general partners only shall be inserted without the
addition of the word company, or any other gen.
! eral term and the general partners only shall
| transact the business and if the name of any
special partner shall be used in such firm with his
consent or privIty, or if he shall personally mako
any contract respecting the concerns of the part
nershIp, with any person except the general part.
ners, he shall be deemed AMI treated as n general
partner
8. During the continuance of any partnership,
under the provisions of this chapter part of the
capital stock thereof shall be Withdrawn, nor any
division of interest or profits be made as to re-
duce snch capital stock below the sum stated in
the certificate before mentioned, and if at any time
during the continuance, or at the termination of the
partnerships, the property assets shall not be
sufficient to pay the partnership debts, then the
special partners shall be severally held responsible
% w thp IN INV WA wi ray n
vlded, with interest thereon from the time they
were withdrawn respectively.
9. No general assignment by such partnership
in of insolvency, where their goods and es-
tate insufficient for the payment Of all their
debts, shall be valid, unless it shall provide for
distribution of the partnership property among all
the creditors, in proportion TO the amount Of their
several claims, excepting taxes against the firm,
and claims of the government of the United States
arising from bonds for duties, which are first TO be
paid or secured.
10. In case ofau assignment, provided for
in the preceding section the assent of the credi-
tors shall be presumed, unless they shall within
sixty days after notice thereof dissent, either
pressly or by some act clearly implying such dis
sent and no such assignment shall be valid,
less notice thereof shall be given in newspa-
per, printed in the county where the principal
place of business of the party making it is situated,
and if no newspaper be printed in such county
then in some newspaper printed in the adjoining
county, in this state, within fourteen days after the
making of such assignment.
ii. All suits respecting the business of such
partnership, shall be prosecuted by and against the
general partners only, except in those cases, in
which provision is mado in this chapter, that the
special partners, shall be deemed general partners,
and that special partnerships shall be deemed gen.
eral partnerships in which all the partners
deemed general partners may join or be joined in
such suits, and excepting also those cases where
special partners shall be held severaly responsible
on account of any funds by them received or
withdrawn from the common stock, before provid-
ed.
IL. No dissolution Of limited partnership shall
take Mace, except by operation of law, before the
time specified in the certificate before mentioned,
unless notice of such dissolution, shall be record.
ed and published, in like manner the original
certificate, herein before directed to be recorded
and published.
10. In all cases not otherwise provided for in
this chapter, the members of limited partnerships
shall be subject to all the liabilities and entitled to
all the rights Of general partners.
THE foregoing chapter will he in force and
after the LIST day of January, 1910
MOTHERS 81 DAuGHrERs-ltw was iudlcious