Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-04-23

Cnho. w. JOhNSiVN,
This Deed of Partnership made and on
tered into this. the seventh day Of April
in the year of our Lord one thousan
laws Of Tennessee respecting limited partner
| ship, by and between j. j. Powers. Marti
Kelly and Patrick G. Meath, all of whom re
side in Memphis, Shelby county, Tennessee:
witnesseth as ioiOTs e nne dni y p"wsr
The General and exclusive nature of the bust
ness 10 BIO transacted Is the buying, OF materi
ais and other necessary things, sucn W tesi ~
borers, mechanics and artizans. and all for TN
| building, erecting constructing and completinI
| according to plans and specifications count,
| Jail in the city Of Memphis. Shelby county
1 Tennessee, in pursuance OF contract mau'
| and entered into with said county,
Our Patrick g. Meath is n special partner.
Our J. J. Powers and our Martin Kelly arr
| general partners. As capital towards the com
tributed the sum OF FIVE hundred dollars, oui
Martin Kelly the sum of five hundred dollars
our Patrick G. Meath the sum Of i've 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 -nstallments as are set iortn ~
the contract between the county OF Shelby ana
our firm. Powers d Kelly.
All moneys appropriated by the county o.
Shelby as payment for said Jail. are 70 be drawn
on warrants in favor of our Martin Kelly; ana
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 hrin.
powers K 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 py
our j. j. Powers or Patrick u. MEATH In
A. A ha QhRa ed
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
necessary about the erection OF said jail or other
expenses incurred in and about the building OF
said jail.
II is agreed that our Martin Kelly shall give
bond with good and sufficient security, payable
to our j. j. Powers and our Patrick G. Meath,
in sum equal to all moneys that may be re-
ceiyed by MIN 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 g.. Meath, and Endorsed in writing APP
proved before the same is paid by our Martin
Kelly.
No contract made for materials OF laborers,
mechanics artizans, or for anything else, shall
be binding and obligatory upon our firm, Pow
ers * 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 US o 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 personal atten
ton entirely TO the business OF the 1rm as
above described.
1t is agreed that our Patrick g. Meath shall
give only "A 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 consid-
GRAFTON of said privilege. our Patrick q. Meath
is to pay the entire salary Of q book-keeper for
the firm of Powers x Kelly. Said book 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; Al the end of the term each party is TO re-
ceiye the capital. or hereafter paid in by him.
AT the end OF the term. All the tools implements,
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 ofla borers. me-
chanics and artizans employed, and the amount
agreed to be paid each, and the number of days
served by each, and il, receipts and dis burse-
ments. its expenses and profits, and all other
things necessary for a 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, 1856
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.
MARTIN KELLY, [Seal.1
a. MEATH fSaal