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168 five between The Farmers and Merchants Steamboat Company of Nanticoke River of the first part and James Murray and Henry L. Hazlehurst of the city of Baltimore in the State of Maryland of the second part Whereas the party of the first part hereto is indebted to the parties of the second part to these presents in the sum of Fifteen hundred and thirty nine dollars forty eight cents being amount of money due and unpaid for repairs of the Steamboat Kent which sum it is the desire of the said party of the first part to secure the payment of wherefore these presents are executed. Now this Indenture Witnesseth that the said party of the first part for and in consideration of the premises and of the sum of Five Dollars paid at or before the execution of these presents the receipt whereof is hereby acknowledged hath granted bargained and sold assigned and conveyed and by these presents do grant bargain and sell assign and convey unto the said parties of the second part their executors administrators and assigns The Steamboat called the Kent which was built in Baltimore in the year Eighteen hundred and fifty four and which is enrolled according to law at the Port of Baltimore as appears by the enrollment thereof dated on the fifth day of July in the year Eighteen hundred and fifty four and numbered one hundred and fifty three. Together with her engines and machinery tackle boats apparel and furniture To Have and To Hold the said Steamboat Kent with her appurtenances as aforesaid unto the Said parties of the second part their executors administrators and assigns as tenants in Common Provided however that if the said party of the first part do and shall well and truly pay or cause to be paid to the Said parties of the second part their executors administrators or assigns the aforesaid sum of money according to the tenor of a promissory note for the sum of Fifteen hundred and thirty nine Dollars forty eight Cents drawn by William T. Vickers President &c to the order of Murray and Hazlehurst dated the twenty fifth day of July A. D. 1855 and payable on demand with interest then these presents and every matter and thing herein contained shall be utterly null and void. And it is hereby understood and agreed that the said party of the first part shall keep the said Steamboat insured for the sum of Twenty Thousand Dollars such insurance to enure to the benefit of the parties of the second part hereto their representatives and assigns in common with the prior incumbrances and their assignees. And it is hereby declared that should the said party of the first part fail to pay the aforesaid promissory note or fail to insure as aforesaid the Said parties of the Second part their representatives or assigns may upon giving ten days notice in one or more newspapers published in the City of Baltimore set up and expose for Sale at public auction the Said Steamboat Kent and her appurtenances and appropriate the proceeds of Such Sale to the payment of the aforesaid sum of money deed interest and the expenses of Such Sale as though the Same had been made under the decree of a Court of Chancery In Witness whereof the said party of the first part hath hereto affixed its corporate seal and Caused its president to affix his name on the day and year first above written having first authorized and appointed St. George W. Teackle its true and lawful attorney for it and in its name and as its act and deed to acknowledge this instrument before any person or persons having authority by law to take such acknowledgment Sent to William T. Vickers September 11th 1855 by John Serman |
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Dorchester County Circuit Court, Chattel Records, 1852-1860
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