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216 first part and William Woodward William H Baldwin Junior and C. C. Baldwin all of the City of Baltimore in the State aforesaid of the second part. Whereas the parties hereto of the second part being Copartners in business under the firm of Woodward Baldwin and Company have contracted and agreed to furnish raw material and to advance money and loan notes and accept drafts and other negotiable paper for the accommodation of the said James Sykes to an amount not exceeding at any one time the total sum of eight thousand dollars to enable him to carry on the two Factories now occupied by him to wit the one at Sykesville in Howard County aforesaid and the other at Oakland in Carroll County and State of Maryland; with the agreement and understanding on the party of said Sykes that all goods manufactured at both of said Factories are to be consigned to the said firm of Woodward Baldwin & Company in Baltimore and by them sold and the nett proceeds of all such sales from time to time placed to the credit of said Sykes; And it is also the further agreement and understanding of the parties aforesaid that the said management shall continue so long as the said James Sykes shall carry on the aforesaid Factories or until terminated by either party's giving the other sixty days notice in writing; And whereas for the purpose of securing to the said firm of Woodward Baldwin & Company the payment for all raw material furnished and to be furnished and all advances or loans of cash acceptances of drafts and other negotiable paper and loans of notes not exceeding in amount however at any one time the total sum of eight thousand dollars these presents are executed the execution hereof being a condition agreed upon between the parties prior to the consent on the part of said firm to extend to said James Sykes the credit facilities aforesaid Now this Indenture Witnesseth that for and in consideration of the premises and of the sum of five dollars to the said party of the first part paid by the parties of the second part hereto; the said James Sykes doth hereby grant bargain sell convey and assign unto the said William Woodward William H. Baldwin Junior and C. C. Baldwin as Copartners aforesaid their executors administrators and assigns. All the Cotton and other raw material sold by the said firm to the said James Sykes and all other the material and goods manufactured and unmanufactured now in the aforesaid factories and in each of them and also all cotton and raw material of every kind and description and goods manufactured and unmanufactured, which may at any time or times during the continuance of this Mortgage be therein or be furnished by said firm to him as aforesaid; and all goods which may from time to time be in the store of said parties |
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Howard County Circuit Court, Chattel Records, 1854-1860
| Volume 814, Page 216 View pdf image |
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