Smyrna times., 1963-02-28
CERTIFICATE OF LIMITED
PARTNERSHIP


A limited partnership is hereby
formed by and between Robert j.
Devr0y and Jeanette DeVroy. his
wife. of Harrington. Kent County
and the State OF Delaware as gem
eral par; ners and Evva v. Warning
ton of Rehoboth. Sussex County and
the State OF Delaware limited
partner.
The partnership name shall lie
The w. and d. furniture Company
with its principal office and only
location on Clark Street in Harring-
ton. Delaware.
The general object of the partner
ship shall be the retail selling of
furniture and accompanying lines TO
the public in the city OF Harrington,
Kent County and the State of Del
aware.
".
The name and residences of each
of the partners are as follows:
Robert Devroy. Harrington, Della
ware. general partner.
Jeanette Devroy. Harrington. Del
aware. general partner
EVA v. Warrington. Rehoboth.
Delaware, limited partner
= " go -'--
The limited partner. Evva v. War
rington. contributes to the partner
ship the sum of $4,000 in cash. the
inventory presently located in the
building at as Clark Street, Har-
rington. Delaware, in the amount of
$l2,400 and the use of the prem
ises and building at as Clark Street
as a retail store and warehouse val
ued at S250.00 per month.
vi.
The general partners shall devote
between them such time to the op-
Grafton and conduct of the business
of furniture retail and management
as shall he required to effectively
operate such business.
VII.
This partnership shall commence
upon the signing of these articles
and shall terminate five years al
ter the date of signing of the ar
ticles unless sooner terminated by
agreement of the parties hereto. the
death of any party. or by opera
tion of law in such case provided.
The partnership may be extended bv
cuted in writing not later than 80
days prior to the date set for the
termination of this partnership, said
writing to be filed in the same man
ner as the original partnership a
greement is required to be filed by
law.
The limited partner on the one
hand and the general partners on
the other shall constitute combin-
alton such that 500 of the net
profit accruing from said business
shall be paid to the limited partner
and 50fi of said net profit to the
general partners said net profit to
June Both A. d. 1868. 1t is specif-
ically agreed that interest on the
initial investment of the limited
partner shall be payable out of the
gross profit before calculation of
net at the rate of 5hH per annum.
X.
1t is mutually agreed between the
partners hereto that all checks drawn
on the business shall be signed by
Evva V. Warrington and either Rob
ert j. Devroy of Jeanette Devroy.
The bank account shall lie opened
in such fashion that it require the
two signatures as mentioned Above
in order to draw funds from said
account.
XI.
Liability insurance of not less
than $4,000 shall be carried by the
partnership to cover damages which
might accrue and for which the part
nership OF any individual partner
may become liable therefore. Furth-
er. fire insurance shall be carried
on the building and inventory in
the amount OF $4,000 on the build |
ing and $4,000 on the inventory.
These insurance expenses shall he
chargeable to gross profit and be
dctluctable prior to the calculation of
net profit as herein above mention
cd for purposes Of profit sharing.
XII.
The limited partner shall not be
liable to any creditors or claimants
against the partnership beyond the
amount which she has invested in
the partnership to wit: SlS.400.00 |
dollars.
The general partners shall be re-
sponsible for the management. con-
troll. operation and conduct of the |
furniture business subject only to |
the power of the limited partner to |
sign checks drawn on behalf of the |
partnership or to refuse to so sign
such checks limiting the ability of |
the general partners thereby to de- |
plete the bank account.
Isl Robert ]. DeVroy
(s) Jeanette DeEroy
Isl Evva V Warrington
STATE OF DELAWARE
CoUSTY OF KENT
BE 1T REMEMBERED. that on
this 18th day OF February A. ID. |
1868 personally appeared before me. |
Robert and Jeanette Devroy and |
Evva V. Warrington. parties to the |
foregoing Certificate of limited Part |
nership. known to me personally to |
be such. and 1. having first made |
known to them the contents of said |
Certificate. they did each severally |
acknowledge that they signed and |
delivered the same as their volun- |
tary act and deed. and each deposcd |
that the facts therein stated were
truly set forth.
GIVEN under my Hand and Seal
of Office the day and year aforesaid.
ISL Harrison Il Tlrnar