New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-11
CARNEGIE AGREEMENT OF SALE.
WHAT EACH PARTNER IN THE COMPANY
HAS TO SIGN

WHAT EACH PARTNER IN THE COMPANY
HAS TO SIGN.
Pirtsburg. FEB 1o.-"The Post" to-day published
The following:
When the case Of H c Frick against the Andrew
Carnegie Company is heard in court the document
OF which this is a true copy VIII be one Of the
most important and interesting features Of the
II is q supplement to and really part of the
famous "ironclad.' There is sngUlaTly fatefuI
connection between the two papers. Every partner
must sign the 'ronclad before he is really part
ner. This document IS designated the agreement
of sale" The last official Of retiring partner
is to attach his signature il in presence of
the companys notary This IS the agreement Of
sale in form and complete
This agreement. taking effect by and between the
Phipps y Co limited hereafter STYLED the ass5-
cat9n and name Of retiring partner all Of Penn
The said name Of retiring partner, for and in
hereinafter mentioned 10 be kept done and per
formed by the said (retiring partner association,
and for and IN consideration further Of a cash pay
ment this day made on account Of this agreement
3 - r. - sij - 80 800 ~
oals win ILte signing hereof Goes no" CoEeIlaa
and agree. t9r himself, his heirs, executors and
90 assign, set over and transfer in SUCH manner
and form as may be deemed necessary or advised
them, OF 10 such person or persons as they shah
Al ana singular the interests held by him. the
said CeJiring partner in the following named
associations and companies wit:
Carnegie Brothers & Co. Limited number Of shares
p c, Prick t6ke company.
IA=ysJ--- Bridge Company
I nioE supply T {5. United. .--,,s5
Yough.ogheny Water Company.
Mount Pleasant Water Company together with al IN
divided surplus profits in applicable thereto
declared IN 6r after same date.
On the part of the said associations it is agreed
To account TO the said retiring partner for the
full book value Of the said interests uereinbefore
mentioned the date Of retirement, and after
deducting from their aggregated value atore-
said such charges and claims may properly and
lawfully appear in their account with him. pay
in 2 certain agreement dated January 10 1857 and
further upon the establishment OF the book value
a statement OF account showing the balance due
the said (retirng partner, and so soon thereafter
the parties IL interest may De abe 20 confer 10
make settlement thereof. as before provided.
It IS further understood and agreed that this
agreement IS to be considered as a part or and
supplemental . certain Ike agreements dated
January 10. 1887, currently known as the Iron
clad agreements, the one betWeen the partners
posing the association OF the Carnegie Brothers
& Co Limited, and the other between the part
nerS composing the association or carnegie, FnlppS
& Co.. Limited, and IS made in accordance there
with and subject 20 all the provisions thereof.
II is further dslncliy understood and agreed that
this agreement SHAH have the same effect as ana
beyond reca oy sea lfetlInS partner 70 Such as
sign as the said associations may elect OF the in
terests covered hereby, or mentioned herein. con-
vjded hereinbefore By the said associations OF
balance due thereon, the sole intent and ultimate
purpose Of TINS agreement being 10 restrain pend
ing the establishment Of the book value OF the in
terests the payment OF the balance OF their value
and their formal transfer and assignment under
this agreement. all and singular the parties here
TO- from any action concerning or disposition OF the
said interests or any part thereof other than
ventilated the before cited agreement OF January
TO- 1887 and speclhcally covered by this supplement
Rave signed sealed and delivered this memorandum
OF az sTARNEGIE BROTHERS & co, Limited
CARNEGIE. PHIPPs & co.