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the United States, shall be duly protested for non-acceptance or nonpayment, the drawer or endorser thereof, due notice being given of such non-acceptance or non-payment, shall pay said bill with legal interest, or according to its tenor and five per cent. damages, together with the costs and charges of protest.
SEC. 17. In all cases where a notice of non-acceptance of a bill of exchange, or non-payment of a bill of exchange, promissory note, or other negotiable instrument, may be given by sending the same by mail, it shall be sufficient if such notice be directed to the city, town, or place where the party sought to be charged resided at the time of drawing, making, or endorsing such bill of exchange, promissory note, or other negotiable instrument, unless such person, at the time of affixing his signature to such bill, note, or negotiable instrument, shall, in addition thereto, specify thereon the post office to which he may require the notice to be addressed.
SEC. 18. The foregoing provisions of this chapter, so far as the same are in conflict with the law as it existed before the passage of this act, shall apply only to such bills of exchange, promissory notes, and other negotiable instruments, as are made or drawn after this act takes effect.
SEC. 19. All bonds, due-bills, and other instruments of writing, not negotiable, hereafter made and signed by any person or corporation, whereby such person or corporation promises or agrees to pay any sum of money, or articles of personal property, or any sum of money in personal property, or acknowledges any sum of money, or articles in personal property, to be due to any other person, shall be, and the same are hereby made, assignable by endorsement thereon, so as absolutely to transfer and vest the property thereof in each and every endorsee successively.
SEC. 20. Any assignee to whom such bond, due-bill, or other instrument of writing, is made payable by any such endorsement or assignment, may, in his own name, institute and maintain an action, and recover thereon, against the person or corporation who shall have made or signed the same.
SEC. 21. The maker or obligor of any such bond, due-bill, or other instrument of writing, may set up and show any defence to such action which he had thereto, as against the payee or obligee, before
notice of the assignment thereof by such payee or obligee, and which he might have set up and shown, had an action been brought on such bond, due-bill, or other instrument of writing, in the name and for the use of the original payee or obligee.
SEC. 22. Such maker or obligor may set up and show any just matter of payment, set-off, or other defence in his favor, as against the plaintiff in such action; and also all just matters of payment, set-off, or other defence, which he had as against any assignor, before notice of the assignment thereof by such assignor, and which he might have set up and shown, had an action been brought against him by such assignor.
SEC. 23. If any assignee of any such bond, due-bill, or other instrument, having used due diligence, shall fail to recover from the maker or obligor thereof, the money or personal property named therein, he may recover from any previous assignor thereof the full value which he shall have paid for the assignment, with interest from the time of such payment; but shall allow to the defendant, if he be a remote assignor, any just defence which such defendant may have as against the plaintiff, or may have had as against any other intermediate assignor, before notice of assignment.
SECTION 1. The money of account of this District shall be the dollar, cent, and mill; and all accounts of officers shall be so kept.
SEC. 2. No writing shall be invalid, nor the force of an account or entry be impaired, because a sum of money is expressed therein otherwise than in the said money of account.
SEC. 3. In any action for a sum of money expressed in any foreign currency, or otherwise than in the money of account of this District,
the jury, if there be one empanneled, and if not, the court, shall ascertain the value in the said money of account of the sum so expressed, making such allowance for the difference of exchange as shall be just; and the judgment may either be for what may be so ascertained, or for the sum of money expressed as aforesaid, to be discharged by the sum so ascertained.
SEC. 4. When there is no express contract in writing fixing a different rate of interest, interest shall be allowed at the rate of six per cent. per annum, for all moneys after they become due on any bond, bill, promissory note, or other instrument of writing, on any judgment recovered before any court or justice of the peace of this District, for money lent, for money due on the settlement of accounts from the day on which the balance is ascertained, for money received to the use of another, and retained without the owner's consent, and for money due and withheld by unreasonable delay of payment.
SEC. 5. Parties may agree, in writing, for the payment of any rate of interest on money due, or to become due on any contract; and any judgment or decree rendered on such contract shall conform thereto, and shall bear the interest so agreed upon by the parties, and which shall be specified in the judgment or decree.
OF LIMITED PARTNERSHIPS.
Limited partnership; for what and how
6. What shall be considered as dissolution. 7. What shall be done on a renewal.
8. How business of partnership is to be conducted.
9. Partners to account to each other.
10. When capital not to be withdrawn, nor dividends made.
11. In certain cases a special partner not to be paid.
12. What preferences not to be valid.
15. Suits by and against such partnerships.
SECTION 1. Limited partnerships for the transaction of mercantile, mechanical, or manufacturing business within this District, may be
formed by two or more persons, upon the terms and subject to the conditions and liabilities prescribed by this chapter; but nothing in this chapter contained shall authorize such partnerships for the purpose of banking or insurance.
SEC. 2. Any such partnership may consist of one or more persons as general partners, who shall be responsible as general partners, and of one or more persons as special partners, who, contributing to the common stock a specific sum, in actual cash payment, as capital, shall not be personally liable for any debts of the partnership, except as hereinafter mentioned.
SEC. 3. The persons forming any such partnership shall make and severally sign a certificate, which shall state the name and place of residence of each partner, the name or firm under which the partnership is to be conducted, who are general and who are special partners, the sum which each special partner contributes, the general nature of the business to be transacted, the place or places of the said business, and the duration of the partnership.
SEC. 4. No such partnership shall be deemed to be formed, until a certificate, made as aforesaid, shall be acknowledged by all the partners, before some officer authorized to take acknowledgment of deeds, and recorded in the office of the recorder of Washington county, in a book to be kept for that purpose, open to public inspection. If any false statement shall be made in any such certificate, the special shall be liable as general partners.
SEC. 5. The partners shall, for four successive weeks, immediately after such registry, publish a copy of such certificate in some newspaper published in Washington City; if no such publication be made, the partnership shall be deemed general.
SEC. 6. The partnership shall be deemed to be dissolved, when there is an alteration in the name of the partners, in the nature of the business, in the capital thereof by a diminution of it otherwise than by losses, or in the ordinary course of business, or an alteration in other matter specified in said certificate; and if the partnership be thereafter carried on, it shall be deemed a general partnership, unless there be such renewal as is hereinafter in this chapter mentioned.
SEC. 7. Upon every renewal of a limited partnership, whether because of such alteration, or to continue the partnership beyond the
time originally fixed for its duration, a certificate thereof shall be made, acknowledged, recorded, and published, in like manner as is provided in this chapter for the original formation of limited partnerships; and every such partnership which shall not be renewed in conformity with the provisions of this section, shall be deemed a general partnership.
SEC. 8. The business of the partnership shall be conducted under a firm, in which the names of the general partners only shall be inserted, and the general partners only shall transact the business. If the name of any special partner shall be used in such firm, with his consent or privity, or if he shall personally make any contract respecting the concerns of the partnership, with any person except the general partners, he shall be liable as a general partner. This section, however, shall not prevent such special partner from examining into the state of the business, and advising as to its management.
SEC. 9. The general partners shall be liable to account to each other, and to the special partners, for their management of the concern, as in general partnerships.
SEC. 10. During the continuance of the partnership under the provisions of this chapter, no part of any sum, which any special partner may have contributed to the stock, shall be withdrawn, nor shall any division of interest or profits be made, so as to reduce the stock below the sum stated in the certificate before mentioned. If, at any time during the continuance, or at the termination of such partnership, the property or assets shall not be sufficient to pay the partnership debts, the special partners shall severally be held responsible for all sums by them in any way received, withdrawn, or divided, with interest thereon from the time when they were so withdrawn respectively.
SEC. 11. In case of the insolvency of such partnership, no special partner shall be paid as a creditor of the firm, until all its other creditors are satisfied.
SEC. 12. No sale, assignment, or transfer of the property or effects of any such partnership, or of any interest therein, nor any lien or incumbrance thereon, by judgment or otherwise, shall be valid, if made or created by such partnership at a time when it has not suf ficient property or effects to pay all its debts, for the purpose of giving a preference to one or more of its creditors over any other creditor; or by any partner, whether general or special, at a time