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131 executors administrators and assigns forever Provided and it is the true intent and meaning of these presents that the said Passmore McCullough shall continue to possess use and manage the said ferry Boats and to receive the tolls and profits of the same as heretofore and the same when collected and received to apply and lay out in the following manner two thirds of the same to expend and apply in the payment of the costs and expenses in and about the use employment and navigation of the said boats and the residue equally to divide between the said Passmore for his trouble case and attention in the management and navigation of said boats and the said William Hiram and George McCullough in payment of the said sums due to them as aforesaid rateably and in equal proportions And it is the further intent and meaning of these presents that the said Passmore McCullough shall retain the said stock in trade goods wares and merchandize already in possession and which shall hereafter come unto his possession as above mentioned for the purpose of sale and retail as heretofore and when sold and retailed to receive and collect the prices thereof and to apply and pay over the receipts profits and value to the following purposes first one fourth thereof to the payment of the costs and expenses in and about the keeping and retailing the said goods wares and merchandizes and all other charges and liabilities reasonably incurred in the carrying out the business aforesaid and secondly to retain one fourth part thereof in payment to the said Passmore McCullough for the care trouble and skill in and about the said business bestowed and thereby to apply and pay over the residue in equal proportions to the payment of the said sums due as aforesaid to the said William Hiram and George McCullough respectively in rateable and equal proportions and to the purchase of other goods wares and merchandize to be held sold retailed as aforesaid and the receipts and profits and prices thereof to apply and pay over in the order manner and proportion just mentioned Provided always it is the further intent and meaning of these presents and the parties hereunto that upon the payment of the sums of money aforesaid and not before these presents shall cease and every part and parcel thereof in regard to all goods and chattels wares merchandizes rights and credits within the view and intent of the same shall become utterly null and void and all such goods and chattels wares merchandizes rights and credits shall become the absolute right and property of the said Passmore McCullough as before the execution hereof In Witness whereof the said Passmore McCullough has hereunto set his hand and seal this sixteenth day of November eighteen hundred and forty six |
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Anne Arundel County Court, Chattel Records, 1845-1851
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