We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.
Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.
41
of mot i(m {)i('t 11 re tilnis licensed niider reissues 120:^7 i\\u\ llMD'J, .'ihuve named ( lilm r..yalt ies) ; and after I'eeitini;' that the Patents Co. lias a<;re(*(l to pay to said nianul'aetiirers and inij)orlers, except to the I >ioj4i"a)>h and lMlis(m ('OS., 24 jx'r cent of the gross exhil)itoi's' I'oyalties, the Kdison pi'e!imiiiary agreement ])rovides:
(1) The Kdison Co. agrees to assign reissue patents 12037 and 12192 and tlie Patents Co. agrees to issue to it 500 sliares of stock aggregating ^{^50,000. (Pars. 9 and 10.)
(2) The Edison Co. agrees not to ])ledge, sell, or dispose of its capital stock in the Patents Co., without the consent of the Biograph and Armat Cos., and to de]:>osit its certificates with a trust company, to be named ])y the Patents Co., as trustee, and to instruct the said trustee not to release, transfer, or return the said certificates so deposited without the consent of the Biograph and Armat Cos. (Par. 14.)
(3) After dediu^ting from the macliine r(^yalties a royalty of $1 a machine, to be paid the Yitagrapli Co., and after deducting from the gross exhibitors' royalties 24 per cent for pa^Tnent to the licensed manufacturers and importers of motion pictures other than the Biograph and Edison Cos., and after deducting the expenses, the remainder of the machine and exhibitors' royalties is to be divided as follows :
(a) To the Edison Co. shall be assigned and paid an amount equal to the net film royalties.