Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-05-07
LEGAL.

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. j Powers, Martin
| Kelly and Patrick G. Meath, all of whom re-
side in Memphis, Shelby county, Tennessee;
| Witnesseth as follows, the name under which
| said partnership is to be conducted, is Powers
The general and exclusive nature of the bust
| ness 10 be transacted is the buying of materi-
ais and other necessary things, sucn rs teams
| wagons, carts, etc., and the employment OF IA
| borers, mechanics and prtizans. and all Tor the
builuing erecting, constructing and completing
| according to plans and specifications County
| Jail in the city of Memphis, Shelby county,
| and entered into with said county.
| Our Patrick g. Meath is special partner.
| Our j. j. Powers and our Martin Kelly are
| general partners. As capital towards the com
| mon stock or fund, our J.J. Powers has con-
| tributed the sum of five hundred dollars, our
| Martin Kelly the sum of five hundred dollars,
| our Patrick &. Meath the sum OF hye hundred
| dollars. For the building OF said jail the coun-
| ty of shelby has agreed to pay the sum OF one
| hundred and forty-four thousand nine hundred
| dollars in such .nstalments as are set forth IN
| the contract between the county of Shelby and
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 TO 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 az Kelly; and no moneys SHAH 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 e., Meath in
writing. And no moneys shall be checked out
of said bank or banks, except such as may be
deemed necessary by our Powers and Meath to
pay for materials used in and about the con-
structien OF said jail, and for work and labor
done, or other things purchased. needful and
expenses incurred in and about the building of
said jail. .
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-
ceiyed by nim 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 Of just 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 ana our
Patrick g. Meath. aud Endorsed in writing ap-
proved before the same is paid by our Martin
Kelly.
No contract made for materials or laborers,
mechanics, artizans, or for anything else, shall
be binding aud obligatory upon our firm, Pow
ers q Kelly. unless the same is made and ap-
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, inple- |
ments, machinery. mater Ials, 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 personal atten-
ton entirely TO the business OF the nrm US
above described.
II Is agreed that our Patrick g. Meath shall |
give only "A reasonable portion of his personal
attention to the business of this tirrn, 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 consid
Grafton of said privilege. our Patrick u. Meath
is to pay the entire salary OF book-keeper for
the firm of Powers d Kelly. Said book-keeper
10 be selected and employed by our j. j. Pow |
ers and our Martin Kelly.
We are TO bear the expenses and losses, and
10 share the profits equally. The capital stock
Is not TO be Withdrawn by either party till the
End of the term, and ali moneys received from
The county of Shelby is to be employed as CAPT
AL at the end of the term ench party is 10 re-
;eye the capital now or hereafter paid in by him.
II the end OF the term. All the tools, pements.
machinery, materials. mules, horses. carts, wag-
,ns and everything purchased and used in and
about the building Of said Jail, shall be the
,ommon property Of the said hrm Of Powers g.
ely. and shall be equally divided between I
Nj the parties named in this deed. and the clear
profits shnll be equally divided. There
hall be kept in the books of the firm full; true
md perfect accounts Of all materials, tools, in
Elements, machinery, mules, horses, carts,
wagons, harness purchased, and oflaborers me
'hanics and artizans employed, and the amount
greed to be paid each, and the number OF days
erved by each, and its receipts and dis burse
nents. its expenses and profits, and all other
hings necessary for full and clear understand
ng 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,
nd is to terminate on the completion and re-
option of said jail by the county of Shelby.
N witness whereof, the said parties have each
ereunto set their hands and seals this day and
J.J. POWERS, lseaI.l
MARTIN KELLY, (Seal.
p. q. MEATH, lSeal.l
Witnesses LI