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Agreement FROM J. E. Welch TO Pelouze Paper + Type Co
Consideration, $105.00 Date Sept. 14, 1903
Filed for registration on the 16th day of September, 1903, at 9:15 o'clock A.M., and duly recorded in the Office of Register of Deeds of Guilford County, N. C. in Book No. 146, Page 237 &c.
A. G. Kirkman Register of Deeds.
Clerk's Fee, [Paid] .25 Record Fee, [Paid] 1.00
[stamped: SEP 5 1930 PELOUZE PAPER & TYPE CO. [signature] Cashier. AMERICAN TYPE FOUNDERS CO. SUCCESSORS TO]
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This Agreement, Made and entered into this 14th day of September, 1903, between J. E. WELCH of High Point, Guilford County, North Carolina of the first part, and THE PELOUZE PAPER & TYPE CO., of Richmond, Henrico County, in the State of Virginia, a corporation, of the second part.
Witnesseth: That it is Hereby Mutually Agreed, That the said party of the second part, has this day sold to the party of the first part, the following property to wit :
1 8x12 Chandler & Price Gordon Press, #40, 253,
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and has delivered to him the possession thereof, but the title thereto is reserved by and remains vested in the said party of the second part, until the payment in full of the sum of One Hundred and Five Dollars, which sum is unpaid on the purchase price of the said personal property, and is evidenced by Ten monthly promissory notes of Ten .50 Dollars each, bearing even date herewith and payable One month apart from date, all executed by said J. E. WELCH and all bearing interest at the rate of six per cent. per annum
And it is further agreed, That in the event of default in the payment of the said sum of One Hundred and Five Dollars, or any part thereof, at maturity, the said party of the second part may, without process of law, take possession of said property, sell the same at public auction, after ten (10) days' notice, and out of the proceeds of sale, pay the expenses of said sale, and the amount due and owing on the purchase-price of the said property, the balance to be paid to the said J.E. WELCH.
And it is further agreed, That the party of the first part shall have the property insured for the benefit of the party of the second part and turn the policy over to them.
Witness the Following Signatures and Seals J. E. Welch (SEAL) PELOUZE PAPER AND TYPE CO. E. C. Pelouze (SEAL)
TEST: J. H. H[?]
STATE OF NORTH CAROLINA - GUILFORD COUNTY.
I, W. G. Brown, a J.P. of said County, do hereby certify that J. E. WELCH, grantor, personally appeared before me this day and acknowledged the execution of the foregoing Deed of Trust.
Witness my hand and seal this the 15th day of Sept 1903. W. G. Brown, J. P. (Seal.)
STATE OF NORTH CAROLINA - GUILFORD COUNTY
The foregoing certificate of W. G. Brown Justice of the Peace of said County, is adjudged to be correct. Let the said Deed of Trust and the certificates be registered.
Witness my hand this the 16 day of Sept 1903. Ernest [Clary?] Depty. C.S.C
[stamped in center of page: SEP 5 1904 Satisfied PELOUZE PAPER & TYPE CO. J. H. H[?], Cashier AMERICAN TYPE FOUNDERS CO. SUCCESSORS TO]