Page:United States Statutes at Large Volume 18 Part 2a.djvu/65

60 shall be liable for all the engagements of such partnership as general partners

Sec. 497. The partners shall publish the terms of the partnership, when registered, three times a week for at least, four weeks, immediately after such registry in two newspapers to be designated by the clerk of the supreme court of the District, the first publication to appear within one week after the registry.

Sec. 498. If the publication prescribed in the preceding section be not made, the partnership shall be deemed general.

Sec. 499. The affidavits of the publication of the notice required by section four hundred and ninety-seven, by the editors or publishers of the newspapers in which_the same shall have been published, shall be filed with the clerk directing the same, and shall be prima-facie evidence of the facts therein contained; the affidavit of any one editor or publisher of each newspaper being sufficient.

Sec. 500. Every renewal or continuance of a partnership beyond the time originally fixed for its duration shall be certified, acknowledged, and recorded, and an affidavit of a general partner be made and filed, and notice be given in the manner required by the provisions of this chapter for its origin formation.

Sec. 501. Every partnership which shall be renewed and continued otherwise as provided in this chapter shall be deemed a general partnersnip.

Sec. 502. Every alteration which shall be made in the names of thepartners, in the nature of the business, or in the capital or shares thereof,or in any other matter specified in the original certificate, shall be deemed a dissolution of the partnership.

Sec. 503. Every partnership which shall in any manner be carried on after any such alteration shall have been made shall be deemed a general partnership, unless renewed as a special partnership, under the provisions of section five hundred.

Sec. 504. The business of the partnership may be conducted under the name of any one or more general partners, and with or without the addition of the word Co., or company, as the parties may determine.

Sec. 505. In any action or suit brought on any contract or engagement of the partnership, or to enforce any liability of the same, the general partners whose names shall be used in the firm or business shall be the only necessary defendants; and any judgment or decree recovered against such defendant shall have the same legal effect and operation, and execution thereon shall be enforced and have like effect against the partnership assets, as if the judgment or decree had been recovered against the general partners.

Sec 506. If the name of any special partner shall be used in the firm with his privity, he shall be deemed a general partner.

Sec. 507. The general partners only shall transact the business, and if a special partner hall interfere, contrary to this provision, he shall be deemed a general partner but he may from time to time examine into the state and progress of the partnership concerns and advise as to their management.

Sec. 508 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 shape of dividends, profits, or otherwise during the continuance of the partnership, but any partner may annually receive lawful interest on the sum so contributed by him if the payment of such interest shall not reduce the original amount of such capital;