Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-05-02

daily PUBLIC LEpoER once a week for six sue.
cHAs. W. JOHNSTON:
This Deed of Partnership. made and en-
tered into this, the seventh day Of April,
in the year, of our Lord one tnousahpo
laws of Tennessee respecting limited partner.
ship, by and between j. j. Powers, Martin
Kelly and Patrick G. Meath, all OF whom re-
side in Memphis, Shelby county, ienhesseee;; oh
said partnership is to be conducted Is Powers
| q Kelly. a., -.
ness TO be transacted. Is the buying OF mater a
| wagons, carts, etc., and the employment OF IA
| borers, mechanics and artizans, and all for the
| building erecting, constructing and completing
70 plans IS a MempSs sbeSy eoan
| Tennessee, in pursuance OF contract maze
| and entered into with said county,
Our Patrick q. Meath is special partner.
Oury. j. Powers and our Martin keliy are
general partners. AS capital towards the COM
mon stock or fund, our !. j. Powers has con-
tributed the sum of five hundred dollars, our
Martin Kelly the sum of five hundred dollars;
our Patrick G. Meath the sum OF hve hundred
dollars. For the building of said jail the coun-
ty Of Shelby has agreed TO pay the sum OF Que
hundred and forty four thousand nine hundred
dollars. in such ,nstallments as are set iorth "
the contract between tnt VI -hcioy ahe
All moneys Appropriated by the county Of
Shelby us payment for said jail. are 70 pc drawn
on warrants in favor OF our Martin Kelly; anu
our Martin Kelly Is 70 deposit III moneys ci,y 81
Memphis, to be named and designated by our
Powers and Meath. TO the credit OF our hrii,
Powers d Kelly; and no moneys shall be
checked out Of said bank Or banks pnt 9S our
approved and Endorsed on, the back BY
our J. j. Powers or Patrick IT,, Meath IN
writing And no moneys shall be cheched OUT
Of said bank or banks except sucn M %ay te
pay for materials used in and about the con-
structisn of said jail, and for work and labor
done, or other things purchased. needful ana
necessary about the erection oil saiu ail otneT
expenses incurred IN ana ABOUT the puiuihso Vi
said jail. 80,
1t Is agreed that our Martin Kelly shall give
bond with good and sufficient security. payable
to our j. j. Powers and our Patrick u. meath
in a sum equal TO all moneys that may be re-
ceived 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 all OF SAID
moneys in liquidation ofjust and proper claims
for materials, work and labor done. and other
Indebtedness contracted in and about the build
ing OF said Jail. All claims shall be Inspected
and examined by our j.. J. Powers and our
Patrick e. Meath. and Endorsed in writing APP
proved before the same is paid by our Martin
Kelly.
No contract made for materials or .laborers,
mechanics, artizans, or for anything else, snail
be binding and obligatory upon our firm, Pow
ers d 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,
or as part of the stock fund, shall be applied
exclusively TO the payment OF such debts as may
be incurred in the purchase OF tools, imple-
ments, machinery. materials. and for work and
labor done in and about the building of said jail.
1t is agreed that our j. J. Powers and our
Martin Kelly shall give their personals tten-
ton entirely to the business OF the nrm as
above described.
1t is 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 80
and attend 10 any other business, In oonsid-
Grafton OF said privilege. our Patrick e. Meath
is to pay the entire salary of a book Keeper tor
the firm Of Powers Kelly, Said beok-keeper
to be selected and employed by our J. J. Pow
ers and our Martin Kelly.
We are TO bear the expenses and losses, and
to share the profits equally. The capital stock
Is not to be withdrawn BY either party Till the
end Of the term. and all moneys received from
the county of Shelby is to be employed as capt.
tai; at the end of the term each party is TO re-
ceivet the capital now or hereafter paid in by him.
at the end OF the term. Ali the tools, i'm plements
machinery, materials, mules, horses. carts, wag:
ons. and everything purchased and used in and
about the building OF said jail, shall be the
common property Of the said firm OF Powers &
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 i'm
plements, machinery, mules, horses, carts,
wagons, harness purchased, and oflaborers, 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 disburse-
ments. its expenses and profits, and all other
things necessary for full and clear understand
ing of its condition, free for thsinsDecion of all
parties at all times. Said partnership is to
commence on the seventh day of April, 1866,
and is to terminate on the completion and re-
eeption Of said jail by the county Of Shelby.
In witness whereof, the said parties haye each
hereunto set their hands and seals this day and
year, first above written.
~. POWERS, fSeal.l
MARTIN KELLY, lSesl.l
p. u. MEATH, Seal.
Witnesses
L. p. JONES.