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OPTION. In Consideration of One Dollar, paid the undersigned by him, the receipt whereof is hereby acknowledged, agree
to sell and convey to
on demand within.. from date, at his option, all the following property in the State of Wisconsin:. For $.
to be paid for as follows.
LAND OPTION CONTRACT.
190.. between.... of
part.... of the first part, and
part.... of the second part, Witnesseth, that the first part...., in consideration of. Dollars, the receipt whereof is hereby acknowledged, ha.... agreed, and do.... agree, to sell and convey to the second part ..., by a good and sufficient warranty deed, with the usual convenants of warranty, seizin and against incumbrances, to be executed and delivered on demand, at any time before the
A. D. 190.... at 12 o'clock Noon (time being of the essence of this contract) on payment of a further sum of
Dollars, the following described real estate situated in the county of.
and State of Wisconsin, to-wit: And in the event that the second part.... shall not demand a deed hereunder, the sum herein first above named shall be retained by the first part... in full satisfaction for holding the property subject to the order of the second part..., but if the title to said real estate shall prove not to be a marketable title, then said sum shall be returned to the second part.... on
demand. This option shall terminate without notice. This agreement shall bind the parties hereto and their respective heirs, administrators, executors and assigns.
In Witness Whereof, the first part........ ha...... hereunto set hand.... and seal.... the day and year first above written. In Presence of
(Seal.] (Add Acknowledgment.)
ARTICLES OF PARTNERSHIP.
day of .190.... by and between
Wisconsin, and......... of
Wisconsin, Witnesseth: 1. That the said
have agreed to be come co-partners in business and by these presents agree to be co-partners together under the firm name and style of
for the purpose of carrying on the business of (State accurately the nature of the business) at State of Wisconsin. The partnership is to commence on the day of
190.... and continue for a term of years. 2. That to this end and purpose, the said
has contributed the sum of dollars, and the said
dollars, all of which is to be used and employed in common between them for the support and management of the said business to their mutual advantage and benefit.
3. That all gain, profit and increase that shall come, grow or arise by reason of said co-partnership shall be equally divided between them, share and share alike.
4, That all loss and decrease that shall come by reason of said copartnership shall be equally divided between them, share and share alike.
5. That the said co-partners shall not at any time during the continuance of said co-partnership, use follow or exercise said business or occupation, or any other, to their private benefit and advantage, but shall at all times during the continuance of said co-partnership, with their best endeavors, and to the utmost of their skill and power exert themselves for the joint interest, profit, benefit and advantage of the co-partnership.
6. That there shall be kept during the continuance of the co-partnership, perfect, just and true books of account, wherein each of said co-partners shall enter the money by him received and expended in and about said business, and all other matters and things concerning said copartnership, so that each of said partners may at any time have free access thereto.
7. That said co-partners shall at least once in every. months, make and render to each other a true and perfect account of all the gains and profits by them made or losses by them sustained and also turn in all receipts, vouchers, and other things whatsoever concerning said co-partnership, and thereupon there shall be a full accounting between the co-partners and each shall deliver unto the other his equal share of the profit made, if any. 8. That at the end of said term of
years, the said copartners shall make a true, just and final account of all things relating to said business, and whatever shall appear to be remaining shall be equally divided between them, share and share alike.
9. (Insert any stipulation which may be desired.)
In Witness Whereof, the parties have hereunto set their hands and seals the day and year first above written. In Presence of
USUAL CLAUSES IN PARTNERSHIP ARTICLES.
NOT TO INDORSE NOTE OR BECOME SURETY.
And the said parties mutually covenant and agree that during the continuance of said co-partnership neither shall, without the consent of the other, indorse any note or otherwise become bail or surety for any person whomsoever, unless consent thereto from his co-partners hall first have been obtained in writing.
No. 109. STIPULATION TO ARBITRATE DISPUTES. It is mutually agreed between the parties that if at any time hereafter during the continuance of the said co-partnership, or before the affairs of the same are finally settled and closed, any dispute or disagreement shall arise between them, concerning the true construction of these articles, or any fact, matter or thing relating in any way to said partnership or the concerns thereof, in such case all such matter of difference
shall be submitted and referred to the award and determination of three arbitrators, one of whom is to be chosen by each of the parties hereto, which two shall select a third, and the decision of any two arbitrators in writing shall be binding and final between the parties hereto.
No. 110. PROVISION TO BUY OTHER PARTNER'S INTEREST OR SELL.
Upon the dissolution of said partnership, either party may make, in writing, an offer to the other partner to buy out the interest of the other or others at a stated price, or sell his own interest at a stated price, and within
days the other party or parties shall signify in writing to said party proposing, his or their
election of his offer to buy or sell, and failing to make such election in writing within said time, the party making said offer may at his election buy or sell at his own election according to his offer.
It is further agreed that in case of the decease of any of the said partners before the expiration of the said term of
years, said partnership shall cease as to such partner only, and the surviving partners may carry on the joint business for the residue of the term upon the conditions herein contained; that within days after the share of the deceased partner shall be withdrawn, the surviving partners shall replace same in the same proportions in which they are interested in the remaining share of the partnership, and they shall be respectively interested in the share of the deceased partner in these proportions.
No. 112. REPRESENTATIVES TO SUCCEED TO DECEASED PARTNER'S
SHARE. In case of the death of any of said partners before the expiration of said term of years, the partnership shall not thereby be dissolved, but the share of the deceased partner shall not be taken out of the partnership, and his personal representatives shall, as such, assume his place and share, and the business shall proceed as if no death had occurred.
No. 118. PROVISION FOR DISSOLUTION ON NOTICE. And it is agreeed between the said parties that at the expiration of
year of the existence of said partnership, either party may dissolve the same, at his election, by giving ........... months previous notice in writing of his intention to do so.
No. 114. RETIRING PARTNER NOT TO CARRY ON SAME BUSINESS.
It is agreed that any partner or partners retiring from said business shall not at any time hereafter, either alone, jointly with, or in any other manner, directly or indirectly, set up, exercise or carry on, be interested in or encourage said trade or business of ...... within ............ miles from .Wisconsin.
No. 115. AGREEMENT TO CONTINUE PARTNERSHIP. Whereas, the partnership evidenced by the within articles of agreement will expire on the ........... day of
and it being de
sired by the parties to continue the same, it is hereby mutually agreed, that the same shall be continued on the same terms and under the same provisions and restrictions therein contained, for the further term of.. years from the
190.... In Witness Whereof, the parties have hereunto set their hands and seals this ............ day of
(Seal) No. 116. AGREEMENT TO DISSOLVE A PARTNERSHIP.
Whereas, it is the desire that the partnership evidenced by the with in partnership agreement be discontinued, it is hereby mutally agreed by and between the parties thereto that the partnership thereby formed is wholly dissolved, except so far as it may be necessary to wind up the affairs of the firm. Witness our hands and seals this..
(Seal.) No. 117. ADVERTISEMENT OF DISSOLUTION. Notice is Hereby Given that the partnership heretofore existing between
doing business under the firm name of has been this day dissolved.
is authorized to settle all debts due to and by the partnership. Dated at
Notice is Hereby Given that the partnership heretofore existing between
of . doing business under the firm name of has been this day dissolved so far as relate to the said
The remaining partners will continue the business under the firm name of
and all debts due to and by the firm of .
..... will be settled by them. Dated at .................
day of ..... by and between --, party of the first part, and
party of the second part, all of
Wisconsin, Witnesseth: Whereas the said parties have heretofore been doing a general business at
Wisconsin, as partners, under the style and firm name of
and; Whereas, the said
has this day retired from said firm with the consent of the remaining partners (or, Whereas, the partnership has expired on the
by the terms of the partnership agreement, and and
desire to continue said business together), and,
Whereas, the affairs of said partnership are still unsettled there being divers outstanding credits and debts, assests and liabilties, etc.;
Now, Therefore, in order to bring about a settlement of the affairs of said partnership, it is agreed between and among the parties: That the said ..
for the consideration hereinafter mentioned, hereby sells, grants, transfers and conveys unto..........and.......... all his right, title, interest and claim to the property of said partnership of whatever description (including, monies, accounts, demands, notes, judgments, specialties), all of which is mentioned in the annexed schedule marked “A”, to have and to hold the same unto the said ........and their heirs, executors, administrators or assigns forever, with full power to ask, recover, sue for, receive, release, receipt and discharge the same in their own name or otherwise as fully and entirely as the same might have been done by me had this agreement not been made; and the said
hereby agrees that at any time hereafter he will, upon the reasonable request of..
or their attorney, execute and deliver such further papers or evidence to them as may be necessary to carry out the provisions and true intent of this agreement. That the said
in consideration thereof, agree to pay, satisfy and discharge all debts and obligations of whatever nature or description which are now due or owing by reason of said partnership relation. And the said
further agree that they will before the
190.... obtain for the said
good and sufficient receipts and releases or other discharges from the parties and for the debts mentioned in the schedule hereto annexed, marked "B." The said
further agree that they will on or before the day of
190.... pay or cause to be paid to the said the sum of
dollars, which is to be in full payment of his share and interest in said partnership. And the said
hereby agree to forever save, indemnify and keep harmless the said
his heirs, executors, administrators or assigns against all and every person, firm or corporation from all manner of suits, actions, damages, costs, expenses, or demands whatsoever which have hertofore or may at any time hereafter come and arise by reason of any matter or thing respecting or relating to said partnership.
In Witness Whereof, the parties hereto have hereunto interchangeably set their hands and seals the day and year first above written. Signed, Sealed and Delivered In Presence of
(Seal. No. 120.
POWER OF ATTORNEY. KNOW ALL MEN BY THESE PRESENTS, That I, of in the county of.
in the state of Wisconsin have made, constituted and appointed and by these presents do make, constitute and appoint. of in the county of
in the state of Wisconsin true and lawful attorney, for.
and in. name, place and stead * to (State the subject matter of the power, see forms given below) giving and granting hereby unto attorney full power and authority to do and perform all and every act or thing whatsoever is requisite and necessary to be done in and about said premises, as fully to all intents and purposes as I might or could do if personally present, with full power of substitution and revocation, hereby ratifying all that the said attorney or his substitute shall lawfully do or cause to be done by virtue hereof.