Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-05-01

cHAs. W. JOHNSTON,
Register.
This Deed Of Partnership, made and en-
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. y. Powers, Martin
Kelly and Patrick e. Meath, al Of wnoin re-
Witnesseth as follows, the name under when
said partnership is to be conducted, Is Powers
x Kelly.
The general and exclusive nature of the busi-
ness 10 be transacted, is the buying OF materl-
ais and other necessary things, such rs teams
wagons, carts, etc, and the employment OF IA
borers. mechanics and ariizans, and al l9r !ns
building. erecting, constructing ana completlns
according to plans and speeihcations CouhS
jail in the city of Memphis, Shelby county
Tennessee, in pursuance OF contract MADE
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 mas con
tributed the sum of five hundred dollars, our
Martin Kelly the sum of five hundred dollars;
our Patrick g. Meath the sum OF five hundred
dollars. For the building of said Jail the coun-
ty of shelby has agreed to pay the sum OF ohsg
hundred and forty-fou thousand nine hundred
dollars. in such .nstallments as are set t9fth III
the contract between the county oil shelby anu
II. ~
Ali moneys appropriated By the county o.
Shelby as payment for said Jali, are 70 De drawn
on warrants in favor OF our Martin hely anu
our Martin Kelly is to deposit all moneys So
received in some bank or banks IN the city oil
Memphis, to be named and designated by our
Powers and Meath. to the credit OF our nrnh,
Powers Il Kelly. and no moneys shaii DC
checked out of said bank or banks but by our
Martin Kelly. All OF said checks to be
approved and indorsed on the back by
our j. j. Powers or Patrick e., Meath IN
writing. And no moneys shall be checheu out
of said bank or banks, except such US may be
deemed necessary by our Powers and Meath TO
pay for materials used in and about the con-
struction of said jail, and for WORK and labor
DONE or other things purchased, neediui ana
necessary about the erection OF sald 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 u. Meath
in a sum equal to all moneys that may De re-
ceived by him at any one time IRON 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 q. Meath. aud indorsed IN Whiting 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 a. Kelly, unless the same is made and APP
proved by our j. j. Powers aud 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 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 hrm as
above described.
1t 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 10 any other business, In consid-
Grafton of said privilege, our Patrick q. Meath
is to pay the entire salary of 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 10 be employed as capt.
tai; at the end of the term each party is 10 re-
ceive the capital now or hereafter paid in by him,
at the end OF the term All the tools, implements.
machinery, materials, mules, nOfses, 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 DO 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-
chancs 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, aud all other
things necessary for full and clear understand
ing Of its condition, free for the inspection ofall
parties at all times. Said partnership is to
commence on the seventh day Of April, 1886,
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.
: : ~. POWERS, tseal.l
MARTIN KELLY, (Seal.l