Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-06-16
CHAPTER gs,
AN ACT for the formation Of limited
Partnerships,

'@@NaSESt%E%S
sEcTrox /. Be Il snaessd bg the Gen.
} sral AsssnsbIg Of ghs State Of foasa, That
limited partnerships for the transaction
OF aay mercantile, mechanical or mana
featuring business within This State,
may be Formed by two or more persons,
upon the terms, With the powers, and
sabject to The conditions and liabilities
herein prescribed.
z. Such partnerships may consist
Of one or, more pegsans, who shalI be
called general partnsrS, and who shall
be jointly apd seEerally responsible as
general partners nov are By law; and if
/ one or more persons who shall eonssi-
tute IN actual cash payments a specific
sam as capital stock, who ahall be call
ed special partners, aud who shall not be
liable for the debts Of the partnership.
beyond the funds constituted by him Or
them to the capital.
3. The general partners only shall
be authorised to transact business and
sign for the partnership and TO bind the
same.
{ 1. TIE persons DESTROYS Of form |
rag sueh EsasrtuaEahip. 4aaII znAKs and |
SsEeralIy slga a certificate, which shall !
contain
ls!, Tho mans or arm under which /
such partnership is TO be conducted.
ID, The general nature af the busi-
ness 20 be transacted.
Sd, The names Of all the general and
SPECIAL partners interested therein, dis |
ungutshing which are general and which
are special partners, and their respect
i've places Of residence.
18th, The amount Of capital which each
special partner shall have contributed
TO tho common stock.
Ssh, The period at which the partner
ship is 10 commence, and the pariod ct
which it will terminate.
! 5, The certificate shall be aeknew-
ledged or proved as 10 the several per
sona signing the same, before some one
authorized to administer oatha and take
acknowledgements Of deeds.
; 6. The certificate so acknowledged
shall be hlsd 10 the Office Of che Cierk Of
the District Court Of the county in
whieh the prtneipsl place Of business Of
the partnership win bs situated, and
shall also be recorded BY him at large
in book 60 be keps foF that purpose,
open to public insPscsiOa. IL the part
nerstip shall hare places of business
situated in different counties. a tran
script of the certificate and Of tha ae-
knowledgement thereof, duly certified
by the Clerk of the DistEics Court in ! !
" hose once il shall fled, under his off.
cIal seal, shall be hlsd and recorded in
like manner in the ofiee Of the Clerk of I
the District Court Of every sach county. |
I. At the time of fling the origi@ I
nal certificate with the evidence Of the /
acknowledgment thereof, as before di.
+ ected, an affidavit of one or more Of
the general partAers shall also bs fled /
in the same ofies, stating that the suas 1
specific in tbs certificate, to have been (
By each OF the special part /
nefs 10 the common stock, have been ae- /
luaily and In good faith paid In cash.
s 8. No such partnership shmll be
deemed to have been formal mill q oers I
tifoats shall hare been made, aeknowl- I
edged, hled and recorded, nor until an /
affidavit ahall have been fled, as abaya ]
directed, and il aay false staGemsu. be {
made in such certificate or afsdavit, all I
the persons interested ia such partner
ship shall be liable for all the engage I
mgnts GkervBf as general partnsrs. Il
g. The partners shalt publish the !
terms Of the partnership when register
ed, for at Ieaat sir weeks Immediately
after such registry, ia two newspapers, q
to be designated By the CLERK Of the '
District Coart Of ths county ia which
such registry shall be made, and to be {
pub hshed ID the Senatorial District in /
which their basiness shah be earri ed on. i
and if such publication be not made. q
the partnership shall Be deemed gene |
raj. /
: 10. Aa6anvits ofaths publication Of /
such notice by the printers Of thss news. /
papers in which the same shall be pub
lisned, may be hied With the Cleyk III |
the District Court directing the same, I
and shall b. evidence Of the facts there /
Ia contained. 4
8 III. Every renewal or conainuAnee
Of such partnership beyond the time j
axad for fts duration. shail Be | /
certified, aekacw wledgsd and recorded, / i
and an aihdavss OF gsnsraI partner be /
made and Easd. and notioa Be- eivan, iii
shs manner Aersfn requirea Tor lis csfgl-
nal formation and eTexy each paesnSf. I
ship which shall bs otherwise renewed /
or sontinusa, shail b. dsaaaed gsassal
parturrshIp III
ssc. iz. EvsEy alssxation whiah shall /
Be maas IN shs nAmss Of tho paxtuars,
Ia the nasaTs Of ths busiaeass 81 Id shs /
capital er shares thersof, oF fn.nasy osh- |
er matter specified Ia the original eertit.
ieate, shalt As deemed 1 aissoIusion Of II
the partnership, ani avary anch partner.
aaap whieh Ahall In Any mMnnsg be car
ried on afsar any sueh alsaeatsou shall Il
have been mades shall be dss2aasi gen.
ssa pastaefahig, according 10 The pro.
visions ug kha FAST se0slen.
Sec. ~. The basinasa Ell sass part.
nsrship shaII be sonauessa usasg ! Arsa.
Ia which tie aamea Df tbs xaasrAI para. Il
ners 6niy atals ho fnaaESa& wssh0as sse
adission oE I'm wore = nomnany. "A os
any other gsHsral term, sid if khs asansa
o. anv specinl partneg shAaI Is uasa III
saoA Mrnl, wish bis pgi0xEAls, ~ shall be
dsaaasd aehssaI pagsaaeg.
Sac. Is sulss II rslasiUn 10 che Boz i
slnsss a Ihs parszsFsasi zaay bs hsSmg
sd eundasssd by 60 assizss - Rsss. 1