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12' DocrMENT 'No. 33. [Session
:foad Company liave received certain bonds of the State of
Florida, under sundry acts of the Legislature of the said State,
wliich bonds by the term of the laws authorizing the issue of
the same are made payable, both principal and interest, in the
gold coin of the United States, and bearing interest at the
rate of eight (S) per cent, per annum ; and whereas, by
reason of the present M'ar in Europe, all financial operations-are
more or less restricted, which, has up to thistime pre-vented
the negotiation for the sale of the said bonds ; and
whereas, the said Western Division of the Western North
Carolina Eailroad, through and by its representative, Nicholas-
W. WoodiiM, chairman aforesaid, is pressing the immediate
payment by the said party of the first part, of the sura of one
million two hundred and eighty-seven thousand four hundred
and thirty-six dollars and three cents, with interest at the rate-of
eight (8) per cent, per' annum since the first day of Novem-ber,
A. D. 1869 ; to pay or settle the said claim now will
cause a great sacrifice to the said party of the first part ; and
whereas, the said Nicholson W. Woodlin, a chairman of
the said commission for the' Western Division of the Western
North Carolina Railroad Company, for the purpose of removing
embarrassments out of the way, which in his judgment prevent-ed
the sale of the said bonds, and to avoid litigation, did, on
the seventeenth day of October, A. D. 1S70, contract with
Henry Clews & Co., bankers, in the' cities of New York and
London, to purchase a certain claim held by them against
George W. Swepson, amounting to about twenty thousand dol-lars,
lawful money of the United States of America, which con-tract
was made with the knowledge and approval of the said
party of the fii st part, for the reason it was understood by all
parties to the said agreement, that this would secure the full
corporation of the said Henry Clews & Co., to aid the sale and
negotiation of the said Florida bonds.
Now therefore be it remembered, that for and in considera-tion
of the premises herein stated, and for various other good
and sufficient considerations, and foi- the further purpose of
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| Title | Page 1016 |
| Full Text | 12' DocrMENT 'No. 33. [Session :foad Company liave received certain bonds of the State of Florida, under sundry acts of the Legislature of the said State, wliich bonds by the term of the laws authorizing the issue of the same are made payable, both principal and interest, in the gold coin of the United States, and bearing interest at the rate of eight (S) per cent, per annum ; and whereas, by reason of the present M'ar in Europe, all financial operations-are more or less restricted, which, has up to thistime pre-vented the negotiation for the sale of the said bonds ; and whereas, the said Western Division of the Western North Carolina Eailroad, through and by its representative, Nicholas- W. WoodiiM, chairman aforesaid, is pressing the immediate payment by the said party of the first part, of the sura of one million two hundred and eighty-seven thousand four hundred and thirty-six dollars and three cents, with interest at the rate-of eight (8) per cent, per' annum since the first day of Novem-ber, A. D. 1869 ; to pay or settle the said claim now will cause a great sacrifice to the said party of the first part ; and whereas, the said Nicholson W. Woodlin, a chairman of the said commission for the' Western Division of the Western North Carolina Railroad Company, for the purpose of removing embarrassments out of the way, which in his judgment prevent-ed the sale of the said bonds, and to avoid litigation, did, on the seventeenth day of October, A. D. 1S70, contract with Henry Clews & Co., bankers, in the' cities of New York and London, to purchase a certain claim held by them against George W. Swepson, amounting to about twenty thousand dol-lars, lawful money of the United States of America, which con-tract was made with the knowledge and approval of the said party of the fii st part, for the reason it was understood by all parties to the said agreement, that this would secure the full corporation of the said Henry Clews & Co., to aid the sale and negotiation of the said Florida bonds. Now therefore be it remembered, that for and in considera-tion of the premises herein stated, and for various other good and sufficient considerations, and foi- the further purpose of |
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