Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-04-20


| This Deed of Partnership made and en-
tered into this. the seventh day of April,
| in the year Of our Lord one thousand
eight hundred and sixty-six, pursuant TO the
laws Of Tennessee respecting limited partner
ship, by and between j ~. Powers, Martin
| Kelly and Patrick G.. Meath, all Of whom re-
| side in Memphis, Shelby county, Tennessee.
Witncsseth as follows. the name under which
said partn crship is TO be conducted, is Powers
Kelly. EN .4r M
The general and exclusive nature of the bust
| ness 70 be transacted, is the buying Of materi-
| ais and other necessary things, such rs teams,
wagons, carts, etc., and the employment of la
borers, mechanics and srtizans. and all for the
| BUILDING. erecting, constructing and completing
| according to plans and specifications O County
| jail In the city of Memphis, Shelby county,
Tennessee, In pursuance OF contract made
and entered into with said county. III.
| Our Patrick e.. Meath Is special partner.
| OurJ j. Powers and our Martin Kelly are
general partners, AS capital towards the COM
| tributed the sum Of FIVE hundred dollars, our
Martin Kelly the sum of five hundred dollars,
our Patrick q. Meath the sum of i've hundred
dollars; For the building of said jail the coun-
" oil shelby has agreed TO pay the sum of one
hundred and forty four thousand nine hundred
dollars. in such nslallinents as are set forth in
| the contract between the county of Shelby and
our trm, Powers * Kelly.
All moneys appropriated by the county of
Shelby as payment for said jail, are to be drawn
on warrants in favor Of our Martin Kelly; and
our Martin Kelly is 10 deposit all moneys so
received in some bank or banks in the city of
Memphis. to be named and designated by our
Powers and Meath. TO the credit of our firm,
Powers a Kelly; and no moneys shall be
checked out Of said bank or banks but BY our
Martin Kelly. All OF said checks to be
approved and Endorsed on the back by
our j. j. Powers or Patrick q. Meath in
writing. And no moneys shall be checked out
OF said bank or banks. except such US may be
deemed necessary by our Powers and Meath to
pay for materials used In and about the con-
structisn Of said jail, and for work and labor
done. or other things purchased, needful and
necessary about the erection OF said Jail other
expenses incurred in and about the building Of
said jail.
L, is agreed that our Martin Kelly shall give
bond with good and sufficient security, payable
TO our j. j. Powers and our Patrick q. Meath
in o sum equal to all moneys that may be re-
ceyed by him at any one time from the Treas
ury of the county of Shelby, or that may be
checked out OF the bank or banks, conditioned
that our Martin Kelly will apply ali of said
moneys in liquidation fjust and proper claims
for materials, work and labor DONE and other
Indebtedness contracted in and about the bnild
ing OF saiq Jail, All claims shall be inspected
and examined by our j. j. Powers and our
PatrickG. Meath. and Endorsed in writing APP
proved before the same is paid by our Martin
Kelly. -Ts olei asi8e #e1 81 FfG0.s
No contract made for materials or laborers,
mechanics artzans, or for anything else, shall
be binding and obligatory upon our firm, Pow
ers a. Kelly. unless the same is made and APP
proved by our j. j. Powers and one of the
/ other partners herein named.
All moneys received by either of the partners
named in this deed from the county of Shelby,
OF as part of the stock fund, shall be applied
extensively TO the payment OF sneh debts rs may
be incurred in the purchase Of tools, imple
nients, machinery, matera s, and for work and
labor done III and about the building OF said jail.
1t is agreed that our j.. j. Powers and our
Martin Kelly shall give their personal atten-
ton entirely, TO the business OF the hrm as
| n described
Its agreed that our Patrick q. Meath shall
| give only reasonable portion of his personal
attention To the business OF this firm, and that
| said Meath may absent himself from the city Of
| Memphis whenever he may see proper to do SO
| and attend 10 any other business. In eonsid-
| Grafton of said privilege. our Patrick u, Meath
| is to pay the entire salary OF book Keeper for
| the firm OF Powers ~ Kelly. Said book keeper
| to be selected and employed by our j. j +. Pow
| ers and our Martin Kelly. t"i.'Ht WV
| We are TO bear the expenses and losses, and
| to share the profits equally. The capital stock
| is not 10 be withdrawn by either party till the
| end Of the term, and all moneys received from
| the county of Shelby is to be employed az capt.
| tai; at the end of the term each party is 10 re-
ceive the capital now or hereafter paid in by him.
al the end OF the term. All the tools, plements
| machinery, materials, mules, horses. carts, wag-
| ons. and everything purchased and used in and
about the building OF said jail, shall be the
4 common property Of the said firm of Powers 81
Kelly, and shall be equally divided between
all the parties named in this deed. and the clear
profits shall be equally divided. There
shall be kept in the books Of the firm full, true
and perfect accounts of all materials, tools, inn
plements, machinery, mules horses, carts,
wagons, harness purchased, and oflaboreTs me-
chanics and artizans employed, and the amount
agreed to be paid each, and the number of days
served by each, and its receipts and di- burse-
ments. its expenses and profits, and all other
things necessary for a full and clear understpnd-
ing of its condition, free for the inspection OF all
parties at all times. Said partnership is to
commence on the seventh day of April, 1856,
and is to terminate on the completion and re-
ception of said Jail by the county Of Shelby
i In witness whereof, the said parties have each
hereunto set their hands and seals this day and
year, first above written.
j. j. POWERS, lSeal.l
- MARTIN KELLY, lSeal
p. q. MEATH, [Seal.l
| Witnesses: