Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-04-23
Acts of the 2Sth Assembly of Interest to
the People.

not be liable for the.debts of the partner.
ship beyond the fund 40 contributed by
him or them to The CAPITAL.
Sec. 3.-The general partners only shall
be authorized to transact business and
sign for the partnership and to bind the
Sec. 4.-The persons DESTROYS OF form
ing such partnerships shall make and
severally sign a certificate which shall
contain:
1.-The name or firm under which the
partnership is to be conducted.
1.-THE general nature of the business
intended to be transacted.
3.-The names OF all the general and
special partners interested therein, dis
tinguishing which are general and which
are special partners, and their respective
places of residence.
1.-The amount of capital which each
special partner shall have contributed to
the common stock. -
5.--The period at which the partnership
is to commence and the period at which
it is to terminate.
Sec. 5.-The certificate shall be &C.
knowledged by the several persons sign
ing the same before any officer authorized
to take acknowledgement for record and
such acknowledgement shall be made and
certified in the same manner as the &C.
knowledgement of conveyance OF land.
Sec. 6.-The certificate so acknowledged
and certified shall sbe filed in the ex-otficio
recorders office OF the county in which
the principal place of business of the part
nership shall be situated, and shall also
be recorded by him at large in book to
be kept for that purpose, open to public
inspection. If the partnership shall have
places of business situated in different
counties, the certificate and acknowledge
ment thereof shall be filed and recorded
in like manner in the ex-officio recorders
office of every such county; provided, that
at the time of filing the original certificate,
with the evidence Of the acknowledge
ment thereof as aforesaid, an affidavit of
one or more OF the general partners shall
also be filed in said recorders Office, stat
ing that the sums specitiedin the certificate
to have been contributed by each of the
special partners to the common stock
have been actually and in good faith paid
in cash, and like affidavit shall be filed
in any other county where said partner
ship shall have a place of business as
aforesaid. &c., ......... ...J .e
Sec. mo such partnership shall be
deemed to have been formed until GER.
tifcate shall have been made, acknowl-
edged, filed and recorded, nor until an
affidavit shall have been fled as above
directed and if any false statement be
made in such certificate or affidavit, all
the persons interested in such partner
ship shall be liable for all the engagements
thereof as general partners.
Sec. S.--Every renewal or continuance
of such partnership beyond the time
originally fixed for its duration shall be
certified, acknowledged and recorded, and
an affidavit Of general partner be made
and filed as provided in section 7, and
every such partnership which shall be
otherwise renewed or continued shall be
deemed 9 general partnership.
Sec. 9.-Every alteration which shall
be made in the names of the partners, in
the nature of business, or in the capital
or shares thereof, or in any other matter
specified in the original certificate, shall
be deemed dissolution of such limited |
partnership; and every such partnership
which shall in any way be carried on after
such alteration shall have been made
shall de deemed general partnership;
provided, that any special partner may
sell and transfer his share, or any part !
thereof, in good faith to any person, with
the consent in writing of all the members I
Of such partnership; which consent shall
be filled in the Office of said partnership
and entered in the book of said partner |
ship to be kept for that purpose; but no
such transfer shall be OF any effect or
validity until an Endorsement shall be
made Of such transfer made and entered
on the margin OF the page or pages in the
where the same is recorded
Sec. 10.-The business Of the partnership
shall be conducted under the firm name
in which the names of the general part
ners only shall be, inserted, except that if !
there is but one general partner in any |
partnership, then the words "& Co"may |
be added to the name of such general
partner; but if the name OF any special
partner be used in such firm with his
privity, he shall be. deemed general
partner.
Sec. 11.--Suits in relation to the bust |
ness OF the partnership may be brought
and conducted by and against the general
partners in the same manner as if there
were no special partners.
Sec. 12.-No part Of the sum which any
special partner shall have contributed to |
the capital stock shall be withdrawn by
him, or paid or transferred to him in the |
character of dividends, profits or other
WISE al any tlme during the continuance
OF the partnerships; out any partner may
annually receive lawful interest on the
sum 80 contributed by him, II the pay
ment OF such interest snail not reduce the
original amount OF such capital; and If,
after the payment OF such interest, any
profit shall remain to be divided he may