The sun., 1897-12-26

wise: and
WHEREAS, the said New England
Company has duly covcnanted, in and by
the terms OF said agreement, to deliver tc
the Improvement Company or tn" per.
SON or persons, firm, c"partnership. ol
corporation from whom or which said
Improvement Company shall obtain said
loan, at or before the making Of tn,
same, the securities and property hcrin
after mentioned,
NOW, THEREFORE, in consideration
oithe premises and OF the mutual coy.
cnants and agreements herein contained,
the said parties have agreed, and d,
hereby agree each with the other as fol,
lows =
l. The Trust Company agrees to loan
t" the Improvement Company the sum
Of twelve million dollars 81, 900, 900
upon the promissorv note of said I'M
provcment Company, to which reference
is hereby made dated December |. 1897,
payable on the lst day Of August, 1898,
with interest at the rate Of ) per cent.
per annum from the date thereof and
as compensation and commissions said
Improvement Company agrees to
deliver to said Trust Company shares
owned by it OF the capital stock ri said
New England Company to the aggregate
amount OF two million ipur hundred
thousand dollars, par value.
II. The Improvement Company shall
deliver to tn" Trust Culu any, III the
time oi tie making ni til" lpau aforesaid.
crrtiticalc- ui stock ri ~aid New England
Company. duly rndol~rI in blank. or IL
may bo required by the Trust tomNany
representing Jour uiiinn eight h:jnirl
thuu>aHI dr'.aE- par value. oi such cap
i)aI stock ui ,otai issue Of seventeen
mi'irm nyr huudlcl ,hon>und dollars.
par NH.Uc. anI a.-n it, bonds To- the
arIoUMl, par ,vaIUc Of twelve million dol
lars Of Il rhul i>>uc "l seventeen million
five hWMdrcI Thousand dollars. par vaiuc;
>llch bonds to bear interest at thr rate Of
five yer cent Icr annlum from I'rccmlcr
|, l>"7 payable >"uIi-uunuaIy, audto br
secured by the transfer and p'cdg,. To-
said TmI-l tuMl any, ~ Trustee. "i all
IT," securities and personal property 50
to b" purchased and arWiicd by the
NrW.EngIand Company, and tine trans
fer and 'mortgag" Of all rhr real estate
nuw owned ur t. be purchased and ac-
quirrd by said Sew England Company:
under an instrument in the nature
OF Il pledge or murtgag" to b" approved by
said Trust Company. All Of the said
shares OF stock and bonds shall br held
by the Trust Company IL security for the
payment Of said loan
ILL., The New England Company shall
not BE- entitled to draw any portion Of
said ST. ,OuO. 600 loan. except for the p,lr-
poses hcrciEbciorc rccit"d and all prop
crtv which shall be- acquired by the New
England Company by means Of such loan
-hal! forthwith bc transferred or con-
vcycd to the said Trust Company. as
Trustee, for the security Of the New Eng.
land tonpany'S bonds aforesaid.
w. The said loan is made upon the
faith and credit Of an underwriting agree.
mcnt in the form, or substantially the
form. hcrrunto Annexed marked 49,"
and the Improvement Company agrees
that on or before the first day..oij Drccln.
Der, 1897, j, will procure, on cause to be
an execution Of such under.
writing agreement by persons, firms or
corporations satisfactory to the Trust
Company, whereby such persons, firms,
Dr corporations shall agree to take the
entire amount Of said shares Of stock and
bonds Of the New England Company 50
to hc delivered to the Trust Company.