Pages 4 and 5 of the Robert Stephenson & Co Ltd minute book no.1

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to retire shall be at liberty to dispose of his Shares to any other Person, provided only that no person shall hold less than two shares.
9 A meeting of the Partners shall be held at Newcastle upon the second Tuesday in every Month. The Managing Partner shall at the Meeting lay before the Partners the Cash Book regularly balanced to the last day of the preceding Month, & also a Statement of all Debts due to and from the Partnership with every other document which any Partner present may require.
10 This Partnership shall be for Twenty one years, from the 31st day of May 1823, unless previously dissolved by mutual consent.
11 Stock shall be taken annually as upon the 31st day of March - the Books shall be

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balanced, & a copy of the Balance Sheet & Stock Book sent by the Managing Partner to each Partner, if required, within Three calendar months. And an Annual Meeting of the Partners shall be held at the Manufactory upon the fourth Tuesday in July, at this Meeting the Books shall be examined & the Dividends paid to the Partners for the ensuing year shall be ordered.
12 All Apprentices shall be bound to the Managing Partner for the benefit of the Partners, & all apprentices’ Fees paid over to them.
Newcastle } Rob. Stephenson
June 23d 1823 } Geo.Stephenson
[In faint pencil ] 21 years Edward Pease
1844 Mich. Longridge