The labor world. [volume] (Duluth, Minn.) 1896-current, 1911-11-11
ART1OIsES or LIMITED ~
PARTNERSHIP
& BETWEEN 81 b
MOSES OoRNFIELD 3
.&I =. ri 1.s5+s IN AND ss$ ;; 8. &
... BARNETT j. COOK. st3.

nesota, pa rty Of the first part, and Bar
nett j. Cook OF the same place, party
OF That fhe saia Pss sEaed
do hereby associate themselves to-
gether, the said party Of the first part
to be the general partner, and the said
party, of the second part to be the spe
under the laws Of the State Of Mime.
sofa, for the purpose Of carrying on
under and according to said laws al
Duluth, Saint Louis County, Minnesota.
billiard hall and dealing IN such. other
articles OF merchandise as are usually
connected with said business, upon the
following terms (. as
49, & IT Estt.'ass
The namesof said limited partnership
shall he NJ. Cornfield & Company, and
said partnership shall commence on the
hrst day Of September, 1911. and shall
eng =, IN the first day Of September,
=: The capital stock of said partner
ship shall be the sum of Three Thou
sand ($s0oo1 Dollars. and. the; same
is TO say: Fifteen Hundred I;15oo)
Dollars in property by said first party,
and Fifteen Hundred: :l{16o0) Dollars
n. ! cash by second party. ..s
]: said business snail be. carried on
according to the provisions of. Chapter
81 Of the Revised Laws OF, Minnesota
OF 1903. and ali acts amendatory there
Of and supplementary thereto, and the
part in that behalf Shall be such a1 as is
prescribed. in and by said statutes and
not further or otherwise, anything: in
this contractsto the contrary notwith-
=, Nv. ~' =
The party Of. the first part shall and
will devote his entire time and un-:
divided attention earnestly and faith
fully to the Of said bust
not at any time during the life Of this
contract engage in any outside BUSH
ness or speculatio1 a.
Just, true, and complete books Of
account shall be kept by said firm in
which shall be correctly, promptly and
faithfully set down any and all bust
ness done by or on behalf Of said Arm.
and said books shall at all times be
respectively. %...,@ x ;%5
Said party, Of the first part shall not
and Will not at any time during said
self or said firm as suarantor, surety,
endorser or otherwise for the accommo-
dalton s OF any party or parties without
the consent Of SECOND party, hereto
The net profits of said business shall
be equally divided between said parties
at the end, of each calendar month dur
ing the whole of the term covered by
said contract
r At the beginning of each calendar
month during the life OF this contract,
books OF said .copartnership and be
submitted to each OF the parties hereto.
and at the end Of each calendar year
during the term covered by this con-
shall be invoiced at the then current
value thereof and an account shall
then be taken of all. the liabilities OF
said firm, and thereupon a balance
rectly and faithfully ali the assets and
liabilities Of said firm, and copy of
said balance sheet shall be promptly
furnished each Of the parties hereto.
If said party of the second part shall
die at any time prior to, the first day
Of September, 1916, then the capital
Of the deceased then invested in said
hereunder until the date last mentioned,
and in such case all the provisions Of
this contract shall enure to and bind
the heirs, devisees, executors, admin
1strators and legal representatives OF
said second party "a.
Upon the dissolution of said partner
ship other than by the death of party
OF the second part said business shall
firm shall be converted into money
without unnecessary delay. and the net
profits thereof shall be applied as fol-
lows: First, to the discharge Of all
the liabilities Of said arm. Second, to
mess in full. Third, to the Repayment s
to said party Of the frst art Of all
his capital In sa <.i&1 business ''*i in fdll'
At no time during the life Of this
agreement shall either Of the parties
hereto draw more than his share of the
net profits Of said business, and should
be overdrawn at the end of any cal
endar month the amount so overdrawn
must be made up and the account bali
anced within ten days thereafter; and
neglect or refuse to repay an amount
sufficient to balance said account with.
in the time aforesaid, the amount SO
overdrawn shall be charged to the par.
Of said firm, and be accounted for and
taken for his share Of the net profits
at the ensuing monthly settlement; and
it is distinctly and mutually understood
hereto that any violation Of the pro-
visions Of this article by. either Of the
parties hereto shall operate and work
an immediate dissolution of said firm
at the election OF the party who has
not violated the same. =s.@I, -, = y.
IN WITNESS WHEREOF, the said
parties have hereunto set their hands
and seals the day and year first above
written. - 50, ~ -
81 =. - MOSES CoRNFIELD,
-. =. BARNETT J. COOK: :
=. = NELLENE LOWE, ..'s@ !:
HUGH ]. McCLEARN.
STATE OF MINNESOTA, COUNTY or
4 st. Louis.--ss -,.ES9.s.. :, : =, :
On this gath day Of August, A. d.
1911, personally appeared before me,
notary public in and for said county
and state, the said Moses Cornfield and
Barnett J.. Cook. to me known to be
the persons described in and who ex-
iecuted the foregoing articles OF limited
copartnership and did say each for him
self that he executed the same freely
and voluntarily and for the purposes
and uses therein expressed.
- g { HUGH J. McCLEARN. IL s.
=. s@ Notary Public, st. Louis Co.. MINI. .
(NOtarialsS Seal, St. Louis Co., MIMI
~ MY Commission Expires Sept. 2, 1917.
OFFICE OF REGISTER OF DEEDS.
s4 State Of Minnesota, Cbunty Of st.
~. Louis.--ss. <g2-i.e@5s ;jsaaz-s.s - esSs
III hereby certify that the WITHIN In
sstrument was filed in this office for
record Oct. 10, 1911, at i r. M and
was duly recorded in Book; IS OF Misc.
/. ~, BY THos. CLARK, #