Page:United States Statutes at Large Volume 31.djvu/1467

 FIFTY-SIXTH CONGRESS. Sess. II. Ch. 854. 1901. 1415 Nor shall the compromise or discharge of anindividual member of a firm prevent the other members of the firm from availing themselves of any defense that would have been available hadthis chapter not been passed, except that they shall not set up the discharge of one individual as a discharge of the other partners, unless it appear that re intended to be discharged but the discharge of any such partiigrzhall be deemed a payment tb the creditor equal to the proportionate interest of the partner discharged in the partnership concern. i SEC, 1497. Such compromise or composition of a member of a firm Egarggtgéishiliagégjy vyjth a creditor of such firm shall in no wise adect the right of the other P P ` partners to call on the member who makes it for his ratable proportion of any partnership debt which they may be compelled to pay. See, 1498. LIMITEDIrA1nvNnnsrr1rs.jLimited partnerships for the Shpggrirce partnertransaction of any mei cantile, mechanical, or manufactui ing business within the District may be formed by two or more persons upon the terms, with the rights and pglwers, and subject to the conditions and l' bilities prescribed in this c apter. A ‘ IHJSec. 1499. SuCl1 parthefslllp may consist of one or more persons, —-of whom composed. who shall be called general partners and who shall be jointly and severally responsible as general partners are by law, and of one or more persons who shall contribute, in actual cash payments, a specific sum as capital to the commonstock, who shall be called special parters. ., I n Sec. 1500. NUMBEn.—The number of special partners shall in no pa§&*;1j;°f 9* Special artnership exceed six. * S. ` P Sec. 1501. LrAB1LrrY.——The special partners shall not be liable for ·“**b“i*Y· . the debts of the partnership beyond the fund contributed by them to the capital. V S Sec. 1502{ CERTIFICATE TO BE SIGNED.——P€TSOHS desirous of form— C€’tm°·“'°° °f·» ing a limited partnership shall make and severally sign a certificate, which shall contain- I First. The name or firm under which such partnership is to be conducted. S _ Second. The general nature of the business intended to be transacted. Third. The names of all the general and special partners interested therein, distinguishing which are general and whichare special partners, and their respective places of residence. . ° - Fpugtli. dTjietai1mount of capital; which each special partner shallhave con Fl u —e o ee common s oc·. Fifth. The period at which the partnership is to `commence and the period at which it is to terminate. I , Sec. 1503. Acxxowrnneivmnr AND nnconn;Ne.+The certificate shall m,’§,°§$,‘g§,§Q§;,‘;$m€“t be acknowledged by the several persons signing the same before a judge I of any court in the District, or before any notary public, and such ppknowlcdgments shall be made and cergfield in the lsame njlannder as e acknowledgments of deeds of land an w en so ac nowle ore and certified shall be filed in the omce of the clerk of the supreme iiourt of Ege District, and shall be recorded by him at large in a book kept for at purpose open to public inspection. ` Sec. 150€l:.7AFFIDAVITS.—~I’hbS the time of filing the original certii- Misavitscate, with the evidence of the acknowledgment thereof, as directed in the preceding section, an affidavit of one or more of the general partners shall also be filed therewith in the same office, stating that the sums specified in the certificate to have been contributed by each of. the Special partners to the common stock have been actually and‘in goo faith paid in cash. . _ A · Sec. 1505. No such partnership shall be deemed to have been formed On1;;¤;st?3fj§jjjHg>rg;gd until a certificate shall have been made, acknowledged, filed, and eernneam, em. ’ " recorded, nor until an affidavit shall have been made and filed as directed by the three preceding sections. l -