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Collection: Original Records > Articles of Incorporation

Gates Stockton Hill Mine (AI-G183)(1948) (9 pages)

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vided that if slither does not exercise the option to cone tribute the ontire amount of Thirteen Thousand Dollara (413,000.00) personally, the other, after having personally contributed the full amount covered by his option, may per= sonally centribute sufficlent funds to bring the total con-= pertners to the sun of Twantyesix Thousand Dollars (726,000.00) before new limited partners may be intribution of said srocduced. The eptiona here contained must be exercised within aix (6) months from the date hereof, and if not go exercised, sald option shall be null and vold, VIII. The time when the contribution of each Limited parte nex is to ba raturned, is agreed to be upon the termination of seid partnership at the and of the term above stated, or upon sooner termination, dissolution or cancellation pursuant to the provisions of said tiniform Limited Partnership Act or by musual consent of 211 partners, both general and limited. Live The share of profits which seach limited partner ahall receive by reason of his dgontribution is as follows: Gaid GONMPRRY WATERS and WALTER MEYERS ara each to receive Twelve Percent (124) of the net profits of the business of the parte nership, to be duly ascertained at the end of cach fiscal year of the partnership, to~wit: On June 30 of each and every year. If aald CODFREY WATERS and WALTER MIXERS shall contribute the further sum of Twenty-six Thousand Pollars ($26,000,00) ree.