Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-12-19

are TO pay Inc SAID nett proceeds to the order OF the
said Bank Of the State of Missouri, which Bank
are to put the said Nevins, Townsend g. Co., in
funds to meet their said acceptances ten days be-
fore their maturity, in each instance; and in case
Of failure 50 to do, Nevins, Townsend e. Co., are
to be at liberty to SELL without any notice or limit
OF price, in any Of the Atlantic cities, so many of
the said bonds as may be necessary to raise the
requisite amount, and to repeat the same, as often
as failure shall occur, in putting them in funds,
ten days before the maturity of the acceptances
Nevins, Townsend g. Co., upon receipt OF the
said bonds, are TO deposite the same for safe Gus.
UGy. but subject to their own control, with the
Bank of Commerce in the City of N Y, and they
may at any time previous to The maturity of the
said accepances, sell any portion, or the whole of
the said bonds, whenever they can do so at par by
which is meant, (the said bonds being payable in
sterling money! four dollars and forty -four cents
to the pound sterling
In the said bonds are sold, Nevins, Town
send g. Co., shall be entitled to charge the usual
,sions therefor; but no charge is or shall be
made, for the said acceptances, inasmuch doubts
have been expressed whether the same would be
| legal. a
They, however, expect, at the final close Of the
business, an allowance of two and half per cen.
on the amount, relying therefor only, on the honor
and good feeling of the said Bank Of the State of
Missouri expressly excluding, all right at law to
recover retain said allowance, any part thereof
Dated this 25th September. 1910.
JONI SMITH, Pres't
Bank of the State Of Missouri.
NEVlNS TOWNSEND g. Co.
Witness A. P. HARRISON.
Memorandum of contract betwixt John Smith,
President Of the Bank of the State of Missouri and
representing said Bank, being thereto duly au-
thorzed on the one part, and Frederick HUGH g.
Co. of the city Of London on the other part.
The said President agrees to deliver to be sold
on commission for tue account and behoof of said
| Bank, according to the terms herein specified, one
million five hundred aud Gfty-fge thousand dollars
of the bonds of the State Of Missouri and two
millions Of dollars Of the bJndS of the Bank of the
State of Missouri with the guarantee of said State
duly executed each bInd, to be issued according
to law, in the sum eech Of two hundred and twenty
| FIVE pounds sterling, payable in London, aud bear
ing interest al the rate OF six per cent per nnuum,
payable senli-annually in dividend warrants, domi-
cttaatcd at the banking house Of said Frederick
| HUH g. Co
The said President has delivered twelve hundred
and thirty thousand dollars of said bonds issued on
account Of said States subscription to the capital
stock Of said Bank, numbered from five hundred
aud one to seventeen hundred and thirty inclusive
and one hundred and twenty five thousand dollars
OF said State bonds issued account of the cree.
ton of a State capitol, building, &c, numbered
from seventy six to two hundred inclusive, each
bond for two hundred and twenty five pounds ster-
ling, into the possession and safe keeping Of said
Frederick HUH and Co. which they hereby &C
knowledge to have received. The said Frederick
HUH e. Co., are not authorized to part with the
possession Of said bonds except when sold in man
ner herein stated. All sales, and the terms, are
to be promptly reported to said bank 1t is further
agreed that the said Bank may, when she thinks
proper by written order Of her President or cash
Ter, require the whole or remaining amount unsold
Ir
said Frederick HUH u Co., on e.payment of any
advance they have made, with interest and COM
mission on the advance, at the will Of said bunk,
in manner before stated -, The said President
hereby undertakes, the part of said Bank, to
transmit and deliver to said Frederick HUH & Co..
with the least possible delay, the balance Of said
State bonds, in manner aud form stated above,
consisting of twenty thousand dollars Of bonds au.
thorized to be issued for the expenses of Board
of Internal improvement, and one hundred ind
eighty thousand for the defraying Of the expenses
| OF the late Mormon war IN Missouri, being part
Of two hundred thousand dollars appropriated for
that purpose; and two millions of dollars of bonds
| Of said Bank
The said Frederick HUH g. Co. undertake and
hereby promise to advance said Bank two hundred
thousand pounds sterling. PAYABLE in London as
early as they can conveniently do so after the re-
covery of the money market 10 London, in install.
ments. II is agreed in good faith, by said party
'Hat sulu ADVANCE snail Oe MADE with the least
practicable delay, and sixty thousand pounds Of
which to he paid to s. Jnudon, Esq. in the city
of London, for account Of the Bank Of the United
States, and his receipt therefor to be taken and
transmitted to said Bank in st. Louis, Missouri;
but it is expressly declared that the said Frederick
HUH & Co., shall not be called on to make any
advance till it is convenient for them do so. The
Bank agrees tOpay all said advances within twelve
months after notice recalling the same.
The said parties are TO be allowed for all adyan-
ces to said Baak in the premises the same rate of
interest that The Bank of England charges at the
time, not being less than five per cent. per annum
until said advances are cancelled by sales of said
bondS; and one per cent. commission. The said
Frederick Huth & Co, hereby undertake to Intro.
duce for sale, the suid bonds, and sell them with
all practicable dispatch. The said Frederick HUH
o. Co., are at liberty to sell the said bonds az
ninety-sX per cent. but not below that price
If sold at ninety eight per cent. sterling for one
hundred pounds sterling, then the said Frederick
HUH d Co. shall pay said bank ninety five per
cent sterling nett; the three per cent. difference be
ing IN full conversation of services of said mar
ties, without other churge or commission. If they
should think proper to reduce the price to Dinely
seven or ninety six per cent they are at liberty to
do so.
If the bonds are sold at both of these rates. or
either Of ihem--the whole amour! or in part-stir
the parties will not be entitled to any additional
charge or commission, except one-fOurth per cent,
brokerage, aud one per cent. for advances IF the
bonds shall be sold by order of the Bank below
ninety six, tue parties shall be entitled TO one ner
cent commission, AND one.fourth per cent. broker
age upon the amount so sold, allowing at all times
one per cent commission for advances. -
The said bank reserves the right to reduca NJ
any time the selling rate Of said bond, unon the
terms above stated, which the said parties hereby
promise 10 comply with upon written nOice tharenF