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178 Provided nevertheless that if the said parties of the first part do and shall well and truly pay or cause to be paid to teh said parties of the second part their executors administrators or assigns the portion of the purchase money for said Boat remaining unpaid according to teh Tenor and effect of the following promissory notes that is to say one note of Parson's & Rider at 6 mos. from July 25th endorsed by Hooper C. Hicks Prest. for $3433 32/100 int included in note one note of same parties at 12 mos. from July 25 for $3533 32/100 int. included in note one note of Hooper C. Hicks Prest at 6 mos. from same date for $2366 67/100 and interest one note of Same party at 12 mos. from Same date for $2366 67/100 and interest and four notes two Rot Turner at 6 & 12 mos. from July 25 for $17167 & 17666 and two notes of g. g. & F. Turner at 6 & 12 mos. from same date for 13733 & 14134 interest included on the notes Then these presents and every matter and thing herein contained shall be nul and void And it is hereby declared that until the payment of the said promissory notes the said part of the first part shall keep the said Steamboat insured for the sum of twenty thousand dolls or so much thereof as may protect the payment of all the unpaid notes given by said company on account of the purchase of said steamboat asigning the policy therefor to teh said parties of the second part And it is hereby declared that should teh said parties of the first part fail to pay the notes aforesaid or any one of htem or fail to insure and assign the policy as aforesaid the said parties of hte second part their Executors administrators or assigns may upon giving ten days notice in one or more nespapers published in Baltimore set up and expose to sale at public Auction, the said Steam Boat Kent and her appurtenances and appropriate the proceeds of such sale to the payment of the remaining unpaid portion of hte said purchase money and interest and the expenses of said sale as though the same had been made under the decree of a Court of Chancery In testimony whereof the said parties of the first part have hereto set their seal and caused their president to affix his name on the day and year above written having first authorised and appointed C. B. Jones their true and lawful attorney to acknowledge these presents as their act and deed before any person competent to make such acknowledgment Signed sealed and delivered Seal of Hooper C. Hicks in presence of Farmers & Merchants President the words nanticoke being first Steam Boat Company Stricken out of and Nanticoke of Nanticoke River interlined Thos. Dorman River State of Maryland City of Baltimore. On this 19th day of september 1854 before the subscribers a justice of the peace of hte said State in and for the said City personally appeared C. B. Jones who I am satisfied of my own knowledge is the person named and described as and professing to be the party appointed attorney in the foregoing Indenture and acknowledged the Same to be the act and deed of the Farmers and Merchants Steam Boat |
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Dorchester County Circuit Court, Chattel Records, 1852-1860
| Volume 805, Page 178 View pdf image |
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