The instrument's own words
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Town Clerk.
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Received for record, January 25th, A. D. 1932 at 4:59 o'clock P. M. and recorded by
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ARTICLES OF CO-PARTNERSHIP.
THIS AGREEMENT, made this 25th day of January, A. D. 1932, by and between
WALTER CONNERY, of the Town of Charlestown, State of Rhode Island, and JAMES J.
MURTAGH, of the Town of Richmond, State of Rhode Island and HERMAN KRONSON, of the City
of Providence, State of Rhode Island,
WITNESSETH:
1. That the said parties have formed and hereby form a co-partnership
for the purpose of carrying on the business of leasing, manufacturing and selling of
Gobelle's Spring Button Tension, under the firm name of ALCON SPRING TENSION BUTTON
COUPONT, with officers as follows: Walter Connery, President and James J. Murtagh,
Secretary and Treasurer.
2. Said partnership to begin January 25th, A. D. 1932, and continue
until dissolved by mutual consent, the failure to carry out terms of the Lease or
Agreement the said Walter Connery and James J. Murtagh made with Alfred A. Gobelle, of
even date, and recorded in the records of the Town of Charlestown, Rhode Island, or by
death of one of the partners.
3. It is hereby agreed that the said Alfred A. Gobelle, his heirs,
executors, administrators and assigns, the inventor of said Gobelle's Spring Button
Tension, shall be paid in monthly payments beginning the first of the month following
the signing of this instrument, and continuing monthly thereafter, during the term of
said partnership, the sum or sums of money representing twenty-five per cent (25%) of
the profits resulting from the lease, manufacture, and sale of said Gobelle's Spring
Button Tension.
4. It is also hereby agreed, that the said partners shall share and
share alike in the balance of the profits resulting from the lease, manufacture and sale
of said Gobelle's Spring Button Tension.
5. It is further agreed that no expenses or salaries shall be charged
or withdrawn, by any member of this agreement, for duties or services rendered said
Company or co-partnership.
6. It is further agreed that no member has the power, or shall have
the power to contract any bills or debts against the above mentioned Company or co-
partnership, unless such bill or debt is agreed to and signed to by both the President
and Treasurer, of said Company or co-partnership, above named.
In witness whereof, the said parties have hereunto set their hands and
seals, this 25th day of January, A. D. 1932.
In presence of
LINTON L. BROWN
WALTER A. CONNERY (L. S.)
JAMES J. MURTAGH (L. S.)
HERMAN KRONSON (L. S.)
(STATE OF RHODE ISLAND)
COUNTY OF WASHINGTON)
In Charlestown on the 25th day of January, A. D. 1932 before me personally
appeared Walter Connery, James J. Murtagh and Herman Kronson to me known and known by me
to be the parties executing the foregoing instrument, and they acknowledged said instrument,
by them executed, to be their free act and deed.
L.R. Saunders
Notary Public
The page as recorded
