786 



THE HOME, FARM AND BUSINESS CYCLOPAEDIA. 



Second. The said A. B. and C. D. are 



the proprietors of the stock, a schedule of 

 which is contained in their stock book, in 



t'.ie proportii.ii of to the said A. B. , 



and of to the said C. D. ; and the said 



parties shall continue to be owners of their 

 joint stock in the same proportions; and 

 in case of any addition being made to the 

 same by mutual consent, the said A. B. 

 shall advance two-thirds, and the said C, 

 D. one-third of the cost thereof. 



Third. All profits which may accrue to 

 the said partnership shall be divided, and 

 all 1 sses happening to the said firm, 

 whether from bad debts, depreciation of 

 goods, or any other cause or accident, and 

 all expenses of the business, shall be borne 

 by the said parties in the aforesaid propor- 

 tions of their interest in the said stock. 



Fourth. The said C. D. shall devote and 

 give all his time and attention to the busi- 

 ness of the said firm as a salesman, and 

 generally to the care and superintendence 

 of the store ; and the said A. B. shall de- 

 vote so much of his time as may be requi- 

 site, in advising, overseeing, and directing 

 the importation of books and other articles 

 necessary to the said business. 



Fifth. All the purchases, sales, transac- 

 tions, and accounts of the said firm shall 

 be kept in regular books, which shall be 

 always open to the inspection of both par- 

 ties and their legal representatives respec- 

 tively. An account of stock shall be taken, 

 and an account between the said parties 

 shall be settled, as often as once in every 

 year, and as much oftener as either part- 

 ner may desire and in writing request. 



Sixth. Neither of the said parties shall 

 subscribe any bond, sign or endorse any 

 note of hand, accept, sign, or endorse any 

 draft or bill of exchange, or assume any 

 other liability, verbal or written, either in 

 his own name or in the name of the firm, 

 for the accommodation of any other per- 

 son or persons whatsoever, without the 

 consent in writing of the other party; nor 

 fchall either party lend any of the funds of 

 the copartnership without such consent of 

 the other partner. 



Seventh. No importation, or large pur- 

 chase of books or other things, shall be 

 made, or any transaction out of the usual 

 course of the retail business shall be un- 

 dertaken by either of the partners, without 

 previous consultation with, and the appro- 

 bation of, the other partner. 



Eighth. Neither party shall withdraw 

 from the joint stock, at any time, more 



than his share of the profits of the business 

 then earned, nor shall either party be en- 

 titled to interest on his share of the capi- 

 tal ; but if, at the expiration of the year, 

 a balance of profits be found due to either 

 partner, he shall be at liberty to withdraw 

 the said balance, or to leave it in the busi- 

 ness, provided the other partner consent 

 tlu-ivto, and in that case he shall be al- 

 lowed interest on the said balance. 



Kinth. At the expiration of the afore- 

 said term, or earlier dissolution of this 

 copartnership, if the &aid parties or their 

 legal representatives cannot agree in the 

 division of the stock then on hand, the 

 whole copartnership effects, except the 

 debts due to the firm, shall be sold at pub- 

 lic auction, at which both parties shall be 

 at liberty to bid and purchase like other 

 individuals, and the proceeds shall be 

 divided, after the payment of the debts of 

 the firm, in the proportions aforesaid. 



Tenth. For the purpose of securing the 

 performance of the foregoing agreements, 

 it is agreed that either party, in case of 

 any violation of them or either of them 

 by the other, shall have the right to dis- 

 solve this copartnership forthwith, on his 

 becoming informed of such violation. 



In witness, &c. [as in General Form]. 



AGREEMENT TO CONTINUE THE PARTNER- 

 SHIP ; TO BE ENDORSED ON THE BACK 

 OF THE ORIGINAL ARTICLES. 



WHEREAS, the partnership evidenced by 

 the within- written articles has this day ex- 

 pired by the limitations contained therein 



[or, will expire on the day of 



next], it is hereby agreed, that the same 

 shall be continued on the same terms, and 

 with all the provisions and restrictions 

 therein contained, for the further term of 



years from this date [or from the 

 day of next]. 



In witness, &c. [as in General Form]. 



DEED WITHOUT^COVENANTS. 



THIS indenture, made the day of 



, in the year of our Lord one thou- 



sand 



between A. B., of, &c., of the 



first part, and C. D. , of, &c., of the second 

 part, Witnesseth : That the said party of 

 the first part, for and in consideration of 

 the sum of fifty dollars, to him in hand 

 paid, by the said party of the second part, 



