Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-05-03
ILEcAL,.
DEED OF PARTNERSHIP

DEED OF PARTNERSHIP
r EFT THE DEED OF LIMITED PART.
IL nership between j. j. Powers, Martin Kel.
| ly and Patrick @. Meath, be published in the
daily PUBLIC LEDGER once 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 thousand
eight hundred and sixty-six. pursuant to the
| laws Of Tennessee respecting limited partner
ship, by and between y. " Powers, Martin
Kelly and Patrick z: Meath, all 81 whom re-
Witnesseth as follows, the name under which
said partnership is to be conducted. Is Powers
& Kelly. isn.f ,4v,H A4NlEi,
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 ertizans, and all for me
building erecting, constructing and completing
according to plans and specifications County
| Jail in the city Of Memphis. Shelby county.
| Tennessee, in pursuance OF a contract made
and entered into With said county, DOS
Our Patrick g. Meath is n 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 i've hundred dollars, our
Martin Kelly the sum of five hundred dollars,
our Patrick q. Meath the sum of five hundred
dollars. For the building of said jail the coun-
~ Of Shelby has agreed 10 pay the sum Oh one
hundred and forty-four thousand nine hundred
dollars. in such .nstallments as are set forth In
the contract between the county of Shelby and
our firm, Powers Il Kelly, .-.,. 4.
All moneys appropriated by the county Of
Shelby us payment for said jail, are tQ 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 hrin,
Powers Il 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 Y. meath IN
of said bank or banks, except such az 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 elton Of said jail or other
expenses incurred in and about the building OF
said jail. M ~
1t is agreed that our Martin Kelly shall give
bond with good and sufficient security, payable
TO our j. j. Powers and our Patrick ". Meath,
in a sum equal to all moneys that may be re-
ceiyed by him at any one time from the Treas
ury Of the county OF shelby, or that may pe
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 and our
Patrick G. 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. shall
be binding and obligatory upon our firm, Pow
ers q Kelly, unless the same is made and APP
proved by our j. j. Powers and one OF the
other partners herein named
named in this deed from the county of Shelby,
or as q 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 D. j. Powers and our
Martin Kelly shall give their personal atten-
ton entirely to the business of the nrm as
above described. ..f
It is agreed that our Patrick G. 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 TO any other business. In consid-
Grafton of said privilege. our Patrick q. Meath
Is to pay the entire salary of n 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. r.
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
the county OF Shelby is to be employed as capt.
tall at the end of the term each party is TO re-
ceive the capital now or hereafter paid in by him.
NJ 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
common property Of the said firm of Powers a.
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. meA
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. it's expenses and profits, and AL other
things necessary for full and clear understand
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 1866,
and is to terminate on the completion and re-
ception Of said jail by the county of Shelby.
In witness whereof, the said parties have each
hereunto set their hands and seals this day and
year, first above written. lI L.
J. ]. POWERS, [SeaI.l
MARTIN KELLY, [Seall
aP p. @. MEATH, lSeal.l
Witnesses: