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1870-'71.] Document K"o. 21. 43
acres of land in Macon, Cherokee and Clay, known as the
Olmstead lands ; a lot of abont fifty thonsand acres held by
Joseph Keener in trust for George W. Swepson ;
And whereas, the said George W, Swepson has agreed that
the said mortgage or deed in trust, with relinquishment as
aforesaid, shall be executed within tlie next thirty days
;
And whereas, E.. K. Swepson and R. Y. McAden, have
agreed that they w\\\ guaranty that the said lands so to be
mortgaged shall be relieved and discharged of all liens by
reason of any judgments against George W. Swepson ;
And whereas, it is expressly understood that the said notes
of one hundred thousand dollars, and one hundred and sixty-four
thousand dollars may be paid in railroad iron delivered at
Portsmouth, Virginia, and if so paid before their maturity, the
unaccrued interest shall not be charged ;
And whereas, the said Robert E. Sv\'epson has this day
advanced the sum of iifty thousand dollars to aid in this set-tlement
;
And whereas, it is understood that the Directory of the
Western Division of Yv^estern Xorth Carolina Railroad Com-pany,
will resolve that all stock on which five per cent, has not
])een paid shall be forfeited to the Company and the stock-holders
released therefrom, the said Commissioners hereby, so
far as they have any authority or interest therein, express their
consent thereto
;
And whereas it is further understood that upon the payment
of the said note of $164,000, of the sum of $5,000, the Eagle
Hotel may be discharged of the trust upon the payment of
$12,000 the Gid Morris place may be discharged ; upon the
payment of $7,500 the Ilennessee lands may be discharged ;
upon the payment of $0,500 the Charles Moore place may be
discharged ; upon the payment of $3,000 the Sharpe place may
be discharged ; upon the payment of $2,000 the Woodfin place
maybe dischai-god; upon the payment of $4,000 the Jarrett
place in Xantahala River ; upon the payment of $4,500 the
Ilarshaw lands ; and upon the payment of $5,000 the Fain
Object Description
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| Title | Page 907 |
| Full Text | 1870-'71.] Document K"o. 21. 43 acres of land in Macon, Cherokee and Clay, known as the Olmstead lands ; a lot of abont fifty thonsand acres held by Joseph Keener in trust for George W. Swepson ; And whereas, the said George W, Swepson has agreed that the said mortgage or deed in trust, with relinquishment as aforesaid, shall be executed within tlie next thirty days ; And whereas, E.. K. Swepson and R. Y. McAden, have agreed that they w\\\ guaranty that the said lands so to be mortgaged shall be relieved and discharged of all liens by reason of any judgments against George W. Swepson ; And whereas, it is expressly understood that the said notes of one hundred thousand dollars, and one hundred and sixty-four thousand dollars may be paid in railroad iron delivered at Portsmouth, Virginia, and if so paid before their maturity, the unaccrued interest shall not be charged ; And whereas, the said Robert E. Sv\'epson has this day advanced the sum of iifty thousand dollars to aid in this set-tlement ; And whereas, it is understood that the Directory of the Western Division of Yv^estern Xorth Carolina Railroad Com-pany, will resolve that all stock on which five per cent, has not ])een paid shall be forfeited to the Company and the stock-holders released therefrom, the said Commissioners hereby, so far as they have any authority or interest therein, express their consent thereto ; And whereas it is further understood that upon the payment of the said note of $164,000, of the sum of $5,000, the Eagle Hotel may be discharged of the trust upon the payment of $12,000 the Gid Morris place may be discharged ; upon the payment of $7,500 the Ilennessee lands may be discharged ; upon the payment of $0,500 the Charles Moore place may be discharged ; upon the payment of $3,000 the Sharpe place may be discharged ; upon the payment of $2,000 the Woodfin place maybe dischai-god; upon the payment of $4,000 the Jarrett place in Xantahala River ; upon the payment of $4,500 the Ilarshaw lands ; and upon the payment of $5,000 the Fain |
