The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1918-02-28


SAID Martin Aakrann as Presldeht "nen
the Salu Martin Aakrahn snould loI any
reason be prevented from acIlhs as mere
mpeiore set lorth. Inc saiu -. MI. lug
shal ACT as secretary ana treasurer VI
sald cOplflnefSnlp ana uldeT tiiftl ueSlS
nation Shall perform all the dutleS usutly
performed IN connection with the ONCE OF
Secretary and treasurer OF corporations
in this State, and $hall keep record OF
all meetings. held by the copnrtnerslip
ana snail De the CUSTODIAN OF al MONEYS,
notes, contracts and other valuable papers
ana assets OF the copartnerShlp. ,
Maf'lh Aakrahh agrees 10 act lor tlle
copaf'hcrShip as tlaNeiiiS Stiles'il'iit ~ ~
contracting agent ana II IS mutually
agreed lnat ne IS TO receive a Sal ID VI
one hundred ana no-loV N$lVo,oV) ooilt'ls
per month ana ms ltt uai eHpenoes ~
travellns When engaged IN tne business ~, VI
tne copaltherSHlp, PROV iueu, that wien .ic
business Is ON q paying OASIS anu tiiS
earnings are sui1iclent so 10 90, the SAD
Martln Aakranh Shall receive ohe nun Hull
dred fnty ana no loo A9l2V:ov' Doiiaas
per month ana ms traVeiins expenses
Wneh OUT lor ING coparthershlp.
None OF the otner partners Silitn receive
any Saairy uhtll me business increase ue
mands ther active services ana "hen
they 90 give tnelr tiiie anu selNiGea ~
the Company they shall receive sucn s'l.
airy as may be reasonable anu may oe
agreed upon between the paftleS here'o a'
such time.
1t is further stipulated and agreed that
l.. M. Que, designated as oecie t Gnu
treasurer OF the copaItliershlp' Snn.' n,tee
the exclusive authoilty Oh Passins upoii
all circuits ana accepting VI IeJec'!iis 'ls
and all contracts negotiated by the CO.
partnership IN otner words ma as " Tue
extending OF 9realt on en1e[ h fna a5 c and
tracts ms Juuelhe1' Sil''i pJ lr'al' ,,lu
such contracts shah hot De plndlns upon
the copartnership unlii apptoEeo ot nan;
the lines OF credit shhll not De eNIeha ca
by the copar'hership uh'' "ppro'eo ny
nm. s.,:<. ,,
IN CONSIDERATION OF the ioftscii's pow
erS delegated to MN by the Salu copt'rt-
LerShlp' the salu L. NJ. ,ue a. 10
| flhahce the company, SO l'tr as ms amy "a,
PERMITS ptoNlotu We, ,t s ~
vances money to SAID coparthership' or
| arranges Tor credll on DENIAL VI S.'iu 'o
partnership, lne olhcr 1"o 'heh,p,io ~
Sald partnership Joe flous''s alu 1iai -
hahTahh' agree 70 eAecute w t,ri two
| NJ. Due, their JOINT note coSellhs wv
| thlrds OF the amount so hu'anI "a,
credit SO provlaed as colIatsral, 10 'Te NJ NI
| partnerships llabIilty 70 tle stiu -. AZ.
Due on account tnereol; "nu i. - ~
provided that as to said sums so aoyanG-
ed or credit so alloWed d! inc s..'u a. Az
Due collateral shall De s'vtm ny 81 ~ f,rr,-
partnership to MN IN the Silape VI ~
erS paper or agents paper Np.'peaa ~,
ING notes held by the Gopalt 'tI' NM tti'
an equivalence 70 One o t1u nu ~ ,9b
ilVe ana no-loo \SlIoVol Do U t u,
| collateral paper Tor estcn one iiuiiu ca
!
to the said copartnerShlp IN MONEY VI
credit, as aforesaid, ana II II pies'ls ny
understood ana agreed tla' any SUI "
sums SO advanced TO me copal t inh jHt y
is not copartnershlp assets, put i'lp',, ~
to- the said l.. M: Due the same a. " any
| other creditor or SAD copar.heLsilp. ,a
1t is further agreed that whereas me &c
said l.. M. Due VIII De :aDSeilt d POI tioii " "
the season OF l9ls, that Eu GhrlStense'' ", "
| Mlnot, Nortn Dakota' siidil az, % :,
| agent in passing upon SAD paper ana con. T..
| tracts and shall have authority 10 reject
or approve any credit extended on co on
| tracts entered into, as the agent VI t,ie
said l.. M. Due, during ms absence, Win
the full consent Of all the partners hereto
hereby given. ~ !,
| 1t is also provided that all prolits anu
! losses of said copartnershlp, a1ter PAVING
| the salary herelnbefore provldeu lor "
| the said Martin Aakrann ana alter pay
! ing the expenses OF SAID copartherShlp'
shall be divided equally between the three
partners, and that an accurate set OF
| books shall at all times be kept and main
| tanned showing all the transactions OF the
CO. partnership.
| II is further prOFlded tnitl lni' co-pttl
nership shall continue until the SECOND
| day Of December, 1918, and that thereai ,
ter may be dissolved by the express VIII
Of any partner at any time
| 1t is further provided that no capltal
has been contributed in said business oy