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September 22,1919.
Radium Luminous Material
Corporation,
and
Sabin A. Von Sochocky.
AGREEMENT
EVARTS, CHOATE & SHERMAN.
Attorneys, etc.
60 WALL STREET,
Borough of Manhattan
New York City.
MEMORANDUM OF AN AGREEMENT made and entered into
this day of September nineteen hundred and
nineteen, by and between the RADIUM LUMINOUS MATERIAL CORPORA-
TION, party of the first part, and SABIN A. VON SOCHOCKY,
party of the second part, in consideration of the premises
and of the sum of ONE DOLLAR to each of the parties hereto
to the other in hand paid, the receipt whereof is hereby
acknowledged, THIS AGREEMENT WITNESSETH AS FOLLOWS:
FIRST: The party of the first part undertakes
and agrees at its own cost and expense to procure a corpora-
tion to be organized under the laws of the State of New York
under the name of the RADIO CHEMICAL CORPORATION, the capital
stock of which shall consist of one hundred shares of the
par value of one hundred dollars each and the directors of
which, for the first year, shall be the party hereto of the
second part and Messrs. L.
Bilstein and Arthur Roeder;
the certificate of such corporation to provide that the
directors need not be holders of shares of stock of the
corporation.
SECOND: The party of the second part undertakes
and agrees to give to the corporation SO to be formed as
aforesaid the exclusive benefit of any and all discoveries
of medical and therapeutical preparations of every kind
whatsoever made by him and to assign and convey to such
corporation all formulas for the manufacture and production
of such preparations.
THIRD: In consideration of the undertaking and
agreement in paragraph Second contained, the corporation
SO to be formed as aforesaid is to issue to the party of
the second part twenty shares of its capital stock.
FOURTH: The parties hereto agree each to subscribe,
within a year from the date of organization of such corpora-
tion, for forty shares of its capital stock and to pay therefor
$100.00 in cash for each share thereof. Such subscriptions
and payments for such stock are to be made by the parties
hereto in equal amounts from time to time at such times as
may be required by the party of the second part.
FIFTH: It is hereby further agreed that the
corporation SO to be formed, as aforesaid, shall act as the
exclusive agent of the party of the first part in the business
of selling, leasing and marketing, for medical and thera-
peutical uses and purposes, any and all radio-active or other
products of the party of the first part, or the property
thereof, suitable for and adapted to such uses and purposes,
and that the business of such agency shall be conducted by
the corporation to be formed, as aforesaid, solely in its own
name but wholly for account of and at the sole cost, expense
and risk of the party of the first part, subject, however, to
such regulations, conditions and for such time as the Board
of Directors of the corporation to be formed shall, from
time to time, prescribe. Such regulations, conditions and
time, so to be prescribed by such Board, as aforesaid, shall
not, however, be for a longer term than one year, or the
shorter term of office of such Board prescribing the same.
IN WITNESS WHEREOF the party of the first part
has caused these presents to be signed and its corporate
seal to be hereunto affixed and the party of the second part
has hereunto set his hand and seal the day and year first
above written.
Radium Luminous Material
Corporation
attest How R Shobar Sabin Q.fou Sochocky is
a h. waits Resident
by G.Hass, attim fact
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"ocrText": "September 22,1919.\nRadium Luminous Material\nCorporation,\nand\nSabin A. Von Sochocky.\nAGREEMENT\nEVARTS, CHOATE & SHERMAN.\nAttorneys, etc.\n60 WALL STREET,\nBorough of Manhattan\nNew York City.\nMEMORANDUM OF AN AGREEMENT made and entered into\nthis day of September nineteen hundred and\nnineteen, by and between the RADIUM LUMINOUS MATERIAL CORPORA-\nTION, party of the first part, and SABIN A. VON SOCHOCKY,\nparty of the second part, in consideration of the premises\nand of the sum of ONE DOLLAR to each of the parties hereto\nto the other in hand paid, the receipt whereof is hereby\nacknowledged, THIS AGREEMENT WITNESSETH AS FOLLOWS:\nFIRST: The party of the first part undertakes\nand agrees at its own cost and expense to procure a corpora-\ntion to be organized under the laws of the State of New York\nunder the name of the RADIO CHEMICAL CORPORATION, the capital\nstock of which shall consist of one hundred shares of the\npar value of one hundred dollars each and the directors of\nwhich, for the first year, shall be the party hereto of the\nsecond part and Messrs. L.\nBilstein and Arthur Roeder;\nthe certificate of such corporation to provide that the\ndirectors need not be holders of shares of stock of the\ncorporation.\nSECOND: The party of the second part undertakes\nand agrees to give to the corporation SO to be formed as\naforesaid the exclusive benefit of any and all discoveries\nof medical and therapeutical preparations of every kind\nwhatsoever made by him and to assign and convey to such\ncorporation all formulas for the manufacture and production\nof such preparations.\nTHIRD: In consideration of the undertaking and\nagreement in paragraph Second contained, the corporation\nSO to be formed as aforesaid is to issue to the party of\nthe second part twenty shares of its capital stock.\nFOURTH: The parties hereto agree each to subscribe,\nwithin a year from the date of organization of such corpora-\ntion, for forty shares of its capital stock and to pay therefor\n$100.00 in cash for each share thereof. Such subscriptions\nand payments for such stock are to be made by the parties\nhereto in equal amounts from time to time at such times as\nmay be required by the party of the second part.\nFIFTH: It is hereby further agreed that the\ncorporation SO to be formed, as aforesaid, shall act as the\nexclusive agent of the party of the first part in the business\nof selling, leasing and marketing, for medical and thera-\npeutical uses and purposes, any and all radio-active or other\nproducts of the party of the first part, or the property\nthereof, suitable for and adapted to such uses and purposes,\nand that the business of such agency shall be conducted by\nthe corporation to be formed, as aforesaid, solely in its own\nname but wholly for account of and at the sole cost, expense\nand risk of the party of the first part, subject, however, to\nsuch regulations, conditions and for such time as the Board\nof Directors of the corporation to be formed shall, from\ntime to time, prescribe. Such regulations, conditions and\ntime, so to be prescribed by such Board, as aforesaid, shall\nnot, however, be for a longer term than one year, or the\nshorter term of office of such Board prescribing the same.\nIN WITNESS WHEREOF the party of the first part\nhas caused these presents to be signed and its corporate\nseal to be hereunto affixed and the party of the second part\nhas hereunto set his hand and seal the day and year first\nabove written.\nRadium Luminous Material\nCorporation\nattest How R Shobar Sabin Q.fou Sochocky is\na h. waits Resident\nby G.Hass, attim fact"
}