resaid
shall enter into a Bond in a sufficient penalty with two good and
sufficient sureties for securing to the party so retiring the payment of
the amount of such his share and interest ascertained by such valuation
as aforesaid at the respective periods of three six nine and twelve
calandar months next after such retirement with interest at the rate of
five pounds per cent. per annum from the time of such retirement payable
quarterly in the meantime That in case of the death of either of the
said persons parties hereto a valuation shall be made of the assetts
belonging to the said Work (including debts) in the manner hereinbefore
stipulated the executors or administrators of the deceased partner being
substituted for such deceased party and the surviving parties shall have
the option of purchasing the share of the party so dying of and in the
said assetts upon the same terms as are hereinbefore mentioned in case
such party had retired as hereinbefore provided That in case either
person shall become Lunatic or Imbecile or from any cause prevented from
attending to the business of the said Work as hereinbefore provided for
the period of two entire calendar months he shall to all intents and
purposes be considered to have retired from this Agreement and from all
concern in the said Work as fully and effectually as if he had given
notice under the clause hereinbefore contained in that behalf and a
valuation shall be made of the assetts in respect of the said Work
(including debts) in the manner hereinbefore stipulated the friends
acting on behalf of the Lunatic or imbecile person being substituted for
such Lunatic or imbecile person. That if in any of the cases aforesaid
the parties in whom shall be the right of purchasing the share and
interest of the party so retiring dying becoming Lunatic or imbecile or
prevented from attending to the business of the said Work as aforesaid
shall decline to elect to exercise such right (and they shall be deemed
to have so declined unless the contrary be made known by notice in
writing under the hands of the parties entitled to such right and left
at the said publishing Office for the time being within seven days after
such right shall have accrued) then the assetts belonging to the said
Work including debts shall be sold by public auction and the net produce
of the said assetts after discharging all claims and demands in respect
of the same work shall be equally divided between the said
|