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Collection: Original Records > Articles of Incorporation

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

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shle for compensation, fire, public liability, and other insurance reasonably necessary to properly protest the operation and property. Assounts shall be rendered monthly to the partnerbkip showing the determination of net proceeds remaining for the preceding month, setting forth oll eosts and expenditures connected with the operation above defined, with a detailed stoteuant showing how the same have been computed, Xo Theat the right is given to the sald limited parte nets bo substitute an assignea ox assigness as contributors in the pblaas of cither or both said limited partners, and in this conneotion gaid CODPHAY WATHPS and WALTRY NEVERS nay assign their right to contribute the further sum of Twont ye six Thousand Dollars ($26,000.00) in cash, and also their right to receive theraby a further interest of Yweotyeaix Percent (26%) from the net profits of the purtnership. Pe The partners are hereby siven the right to admit additional limited partners, eibher ag assicnees of said GODFREY WATENG and/or WALTER MEYERS as aforesaid, or upon the contribution of cash, equipment, property, or other facilities for the business of the partnership. If such contribution shall be in the nature of equipment, property or other facilities for the businass of the partnership, then the value thereof shall be that fixed by a competent.