Putnam's Handy Law Book for the Layman Part 22

33

Agreement to Sell Shares of Stock

Memorandum of agreement, made this ____ day of ________, 19__, between A.A., of the city of New York, of the first part, and B.B., of the same place, of the second part, witnesseth: That the said A.A. agrees to sell and convey to the said B.B., on or before the 1st day of May next, 1,000 shares of the capital stock of the New Haven Bank, for the price or sum of $110 per share, and to make, execute, and deliver to the said B.B. all a.s.signments, transfers, and conveyances necessary to a.s.sure the same to him, his heirs and a.s.signs.

In consideration whereof, the said B.B. agrees to pay unto the said A.A. the price or sum or $110 for each and every share of the said stock so a.s.signed, whenever, and as soon as the said a.s.signment and the scrip of stock so a.s.signed shall be properly executed and delivered to the said B.B.

In witness whereof, the said parties have hereunto set their hands and seals, the day and year first above written.

A.A. (L.S.) B.B. (L.S.)

34

Transfer of Shares of Stock

Know all men by these presents, that I, A.B., ________ for value received, have bargained, sold, a.s.signed, and transferred, and by these presents do bargain, sell, a.s.sign, and transfer unto C.D., sixteen shares of the capital stock, standing in my name on the books of the ________ First National Bank, and ________ do hereby const.i.tute and appoint the said C.D., ________ my true and lawful attorney, irrevocable, for me and in my name and stead, but to his use, to sell, a.s.sign, transfer, and set over all or any part of the said stock, and for that purpose, to make and execute all necessary acts of a.s.signment and transfer, and one or more persons to subst.i.tute with like full power, hereby ratifying and confirming all that my said attorney, or his subst.i.tute, or subst.i.tutes, shall lawfully do by virtue hereof.

In witness whereof, I have hereunto set my hand and seal the ____ day of ________, 19__.

A.B. (SEAL)

35

a.s.signment of Policy of Insurance

Know all men by these presents, that I, A.B., of the village of c.o.xsackie, for and in consideration of $25, to me in hand paid by C.D.

of the same place, the receipt whereof is hereby acknowledged, have sold, a.s.signed, transferred, and set over, and by these presents do sell, a.s.sign, transfer, and set over, unto the said C.D. the policy of insurance, known as policy No. 23,685 of the Indemnity Insurance Company, and all sum and sums of money, interest benefit and advantage whatsoever, now due, or hereafter to arise, or to be had or made by virtue thereof, to have and to hold the same unto the said C.D., and his a.s.signs forever.

In witness whereof, I have hereto affixed my hand, this June 20, 19__ (A.B.)

(Acknowledgment.)

36

a.s.signment of Patent Right

"Whereas, letters-patent, bearing the date the 10th of January, 1921, were granted and issued by the Government of the United States, under the seal thereof, to A.B., of the town of Bristol, of the State of Pennsylvania, for (here state the nature of the invention) a more particular and full description thereof is annexed to the said letters-patents in a schedule; by which letters-patents the full and exclusive right and liberty of making and using the said invention, and of vending the same to others to be used, was granted to the said A.B., his heirs, executors, and administrators, or a.s.signs, for the term of seventeen years, from the same date.

Now, know all men by these presents, that I, the said A.B., for and in consideration of the sum of $100, to me in hand paid, the receipt whereof is hereby acknowledged, have granted, a.s.signed and set over, and by these presents do grant, a.s.sign, and set over unto C.D., of the said town of Bristol, his executors, administrators, and a.s.signs, forever, the said letters-patent, and all my right, t.i.tle and interest in and to the said invention, so granted unto me: to have and to hold the said letters-patent and invention, with all benefit, profit and advantage thereof, unto the said C.D., his executors, administrators, and a.s.signs, in as full, ample, and beneficial manner, to all intents and purposes, as I, the said A.B., by virtue of the said letters-patent, may or might have or hold the same, for and during all the rest and residue of the term for which said letters-patent are granted.

In witness whereof, I have hereto affixed my hand and seal, this 10th day of June, 19__.

A.B. (L.S.) In the presence of E.F.

G.H.

(Acknowledgment.)

37

Bond for Payment of Money

(As in Form No. 6, and then as follows):

The condition of this obligation is such, that if the above-bounden A.B., his heirs, executors, and administrators, or any of them, shall well and truly pay, or cause to be paid, unto the above-named C.D., his executors, administrators, or a.s.signs, the just and full sum of $1,000, lawful money, as aforesaid, in manner following, to-wit: $300 part thereof, on the ________ ____ day of ________ next ensuing the date hereof; $300 more thereof on the ____ day of ________, the next following; and $400, the residue, and in full payment thereof, on the ____ day of ________, which will be in the year of ________; then this obligation to be void; but if default shall be made in payment of any or either of the said sums on the days and times hereinbefore mentioned and appointed for payment thereof, respectively, then this bond shall remain in full force and virtue.

A.B. (L.S.)

38

Articles of Co-Partners.h.i.+p

This agreement entered into this ____ day of ________, 19__, by and between A.B. and C.D., witnesseth, that said parties have formed a co-partners.h.i.+p for the purpose of carrying on the business of & ________ at ________, upon the following terms and conditions:

First: The name and style of said co-partners.h.i.+p shall be A.B. & C.D., and shall continue ________ years from this date, unless sooner terminated by the death of either of said partners.

Second: The said A.B. shall contribute to the capital stock of said firm the sum of $________, and the said C.D. the sum of $________, and said partners shall be the owners of the stock in that proportion, and any further increase of the capital stock shall be contributed by said partners in the same ratio.

Third: All the profits which shall accrue to said partners.h.i.+p shall be equally divided between said partners; and all losses from whatever cause shall be borne by them in proportion to their interests in the stock of said firm.

Fourth: Neither of said partners shall sign or in any manner become liable upon any promissory note or other obligation, for the accommodation of any person whatsoever, nor lend any of the co-partners.h.i.+p funds without the consent in writing of the other partner.

Fifth: Neither party shall withdraw from the funds of the firm to exceed the sum of $________, per annum, in ________ in installments of not to exceed the sum of $________, but neither shall at any time be ent.i.tled to draw in excess of his share of the profits then earned.

Sixth: All transactions and accounts of the firm shall be kept in regular books, which shall be open at all times to the inspection of either party or their representatives.

Seventh: An invoice of stock shall be taken on the first day of January of each year, and the account between the parties settled at that time. And an invoice be taken and an account had at any other time when either partner shall demand the same in writing.

Eighth: No transaction outside of the ________ business shall be entered into by either of said partners without the consent in writing of his co-partner. And any violation of the terms of this agreement shall be sufficient cause for a dissolution of this co-partners.h.i.+p.

In testimony whereof we have hereunto set our hands this ____ day of ________, 19__.

A.B.

C.D.

In the presence of G.H.

39

Articles of Co-Partners.h.i.+p--Another Form

Articles of co-partners.h.i.+p, made this ____ day of ________, 19__, by and between A.B. and C.D. both of the city of ________, witnesseth that:

The said parties hereby agree to form, and do form a co-partners.h.i.+p, for the purpose of carrying on the general produce and commission business on the following terms and articles of agreement, to the faithful performance of which they mutually engage and bind themselves, each to the other.