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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 2, Page 435   View pdf image (33K)
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WOOD VS. GAULT AND EMORY. 435
(or if necessary, by a competent clerk,) suitable books for the
benefit of the concern, which books shall, at all times, be open
for inspection by any one or more of the partners.
"Art. 4. All moneys due the said firm shall be collected, and
all moneys owing by said firm, shall be paid by either Gault or .
Emory, whose duty it shall -be to produce vouchers thereof.
"Art. 5th. All work done by either of the two last named
partners, shall be for the benefit of the whole concern, unless
it be by the consent of all the parties.
"Art. 6th. Should there at any time appear or come to the
knowledge of any one of the firm, any work or other matters
connected with said firm, it shall be his duty to make the same
known as soon as possible thereafter. It shall also be the duty
of either of said firm to make contracts for worh»in the name of
the firm, but when convenient shall consult the other partners.
"Art. 7th. The said Emory & Gault shall pay their whole at-
tention to the business of the concern, and have the whole
control of the same for the term of this partnership, (unless by
disagreement, the third be called, and then a majority shall
rule,) and shall receive for their services one dollar and seven- /
ty-five cents per day, each, to be paid out of the profits arising
in said business, and the remainder to be divided, share and
share alike, between all the partners. If in case of a loss, then
the parties are to sustain the same in like manner, share and
share alike.
"Art. 8th. The time and duration of this partnership shall be
limited to three years from the date of this instrument. For
the faithful peformance of all the within named duties, we have
hereunto set our names and affixed our seals this first day of
January, eighteen hundred and thirty-eight.
CHARLES WOOD, [Seal.]
JNO. B. EMORY, [Seal.]
CYRUS GAULT, [Seal.]'"
After setting out this agreement, the bill proceeds to state
and charge, that the complainant, Charles Wood, soon after its
execution, removed to the city of Richmond, in the state of
Virginia, where he has since resided. That said Emory &

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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 2, Page 435   View pdf image (33K)
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