Catalogue description Draft Articles of Agreement

This record is held by Coventry Archives

Details of PA 353/24/8
Reference: PA 353/24/8
Title: Draft Articles of Agreement
Description:

Whereby (having recited the incorporation of Peter Raven & Co. Ltd. of 3, Stafford St., Birmingham on 9th. Feb., 1927 with £3,000 nominal capital (divided equally into ordinary and preference shares)), firstly, Joseph Greenway (of the same address as the company, exporting electrical and general engineering accessories, tools and components under the title of "Peter Raven & Co.") conveys his business to the company with (a) the goodwill, (b) the fixtures, (c) benefit of subsisting contracts, (d) the stock-in-trade and other movables, (e) the cash in hand, (f) debts and (g) other assets; secondly, the company accepts the vendor's title to the premises without investigation thirdly, the company promises to discharge Greenway's debts; fourthly, the purchase-price will be £1,300, issued to the vendor as 1,300 shares (nos. 1-1,300); fifthly, on request given within one month, the company will allot the vendor a further 200 shares (nos. 1,301-1,500); sixthly, the transaction will be completed on 9th. Feb., 1927 at Ortons' offices; seventhly, until then Greenway will uphold the business; eighthly, the company will bear the legal costs; and ninthly, the company will file the agreement with the Registrar of Companies.

Date: 25th Feb, 1927
Held by: Coventry Archives, not available at The National Archives
Language: English

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