Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-04-21


This Deed Of Partnership, made and on,
tered into this, the seventh day OF April
| in the wear OF our Lord one Thousand
eight hundred and sixty-six, pursuant to th'
laws OF Tennessee respecting limited partner.
| ship, by and between j. y. Powers, Martin
Kelly and Patrick Z. Mean, az 81 wn0m ~
Witnessetb as follows. the name Under which
| said Partnership is to be conducted. is Powers
a. Kelly. ~
ness 10 be transacted. is the buying OF materi-
Ais and other necessary things. such as teams
wagons, carts, ETC., and the employment OF IA
borers, mechanics and artizans. and all for INC
builninv. erecting. constructing and compleuns
according TO plans and specifications Comfy
iail in the city Of Memphis, Shelby county
Tennessee, in pursuance OF a contract made
and entered into with said county,
Our Patrick q. Meath is special partner,
u Our u. Powers and our Martin Kelly 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 hye hundred
dollars For the building of snid jail the coun-
~ of shelby has agreed to pay the sum OF one
hundred and forty four thousand nine hundred
dollars in such nstallments as are set iortn N
the contract between the county OF oheipy uhu
our firm, Powers X Kelly.
All moneys appropriated by the county OF
Shelby as payment for said jail. are 70 be drawn
on warrants in favor Of our Martin Kelly; anu
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 nr,h'
Powers x Kelly; and no moneys shall be
checked out of said bank or banks put by our
Martin Kelly, All OF said checks 70 pc pc
our j. J.. Powers or Patrick q. Meath IN
writing And no moneys shall be checked out
of said bank or banks, except such as may De
deemed necessary by our Powers and Meath 10
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
necessary about the erection of said jail or other
expenses incurred in and about the building Of
said jail. tT4if ~ ~
il i agreed that our Martin Kelly shall give
bond with good and sufficient security, payable
10 ouryJ J. Powers and our Patrick u. Meath,
in sum equal TO all moneys that may be re-
ceived by hmm OF 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 aud labor done. and other
indebtedness contracted in and about the build
ing of said Jail. An claims shall be inspected
aud examined by our j.. j. Powers and our
Patrick q. Meath. aud indorsedi in writing APP
proved before the same Is paid by our Martin
Kelly. thon Ht1s ne
No contract made for lneterials or laborerS.
mechanics. artiEans, or for anything else, shall
be binding and obligatory upon orr irin, Pow
ers a. Kelly. unless the same is made and ap-
proved by our j. ]. Powers and one of the
other partners herein named
Allnoneys 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. material Is, and for work and
labor done in and about the building OF said jail.
Ii is agreed that our y. j. Powels and our
Martin Kelly shall give their personal attrn-
ton entirely 10 the business of the trm as
above described.
IL is agreed that our Patrick q. Meath shall
give only ~ reasonable portion OF his personal
attention Ia the business OF this firm, and that
said Meath may absent himself from the city of
Memphis whenever he may sec proper to do so
and attend TO any other business. In consid-
Grafton of said privilege, our Patrick q. Meath
is to pay the entire salary of o bpok-keeper for
the firm of Powers X Kelly. Said book keeper
to be selected and employed by our . j. Pow
ers andour Martin Kelly.
We are to bear the expenses and losses, and
TO share the proEts 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 as capt.
tai; at the end Of the term each party is 10 re-
ceve the capital now or hereafter paid in by him.
al the end OF the term All 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, shRll be the
common property Of the said firm of Powers a
| Kelly. and shall be equally divided between
ali the parties named in this deed and the clear
| profits shall be equally divided There
shall be kept in the books Of the irm 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 paideach. ana the number Of day!
| served by each, and its receipts and disburse
ments. its expenses and profits. ard all othei
things necessary for full and clear understand.
ing Of its condition, free for the inspection Of al
parties at all times. Said partnership is I,
| commence on the seventh day of April, 1876
and is to terminate on the completion and re
In Wines Wbereof he said psrties have east
| hereunto set their hands and seals this day anC
go - ~. POWERS, lseal.l
MARTIN KELLY, lSeal.
a.