Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1906-02-02
Notice of Foreclosure Sale of Pledged
CORPORATION Stock.

WHEREAS: On the 10th day OF January
1904, for a valuable consideration }. I. SER
Savings Bank OF Sioux Falls. South Dakota.
his promisSory note dated on the said day
wherein he miss to Pay the saia LGop.eS
| hundred dollars with II per cent interest one
year after date, and
WHEREAS: the said J. 2. Serr on the s3rd
! day OF January 1904. made and delivered to
said Peoples savings Bank for a valuable
f3nsidera ahdr s his su 9'f afIv p G"IIarS yh m n ' Er
promised to pay the said Peoples Savings
Bank or order one year after its date twelve
cent interest from its date until paid.
That at the time OF the making and de-
savings Bank the said j: P. SER was the
owner and in the possession or two certifi,,
Gates OF the common stock OF thc Mutual
Lumber Company OF Sioux Falls. South Da
kota, which certificates OF stock are describ-
ed as follows to-wit. Certificate No. 2G for
500 shares of the Common Stock of the said
Mutual Lumber Company for ten dollars
each $4,000 on which was paid up $3.50 per
share or | .25O.0O in all. and also one %certiti-
Lumber company No. q for 40 shares of ten
dollars each. G44o0 on which was paid up
$50 per share or $4,000.
That the said certificates of stock and the
the said J. p. serr to the said People Saving
Bank to secure the pay ment OF both the said
notes and the said certificates OF stock duly
assigned and transferred to- It the said Peoples
stock were duly delivered to it as IA pledge.
That afterwar ds and before the maturity OF
the said notes the said People Savings Bank
sold, transferred and delivered to r. T.. Brad
shaw the said notes and also assigned and
delivered to him the said certificates of stock
as security. pledged as aforesaid by said J:P.
said shares OF stock as a pledge as aforesaid.
That the said Notes are both past due and
That at the date OF this notice there is due
and unpaid on the said notes the sum OF
That the said r. U. Bradshaw the owner Of
the said notes has made demand for the pay
ment of the said notes and performance OF
the promise of the said j. Z. Serr to pay and
he has failed to pay the same or any part
Therefore on account of the default of the
said j.. I. Serr to pay the said notes when due
the said X. U. Bradshaw has elected To
foreclose his pledge OF the said shares OF
stock and to sell the same as by law provid-
Therefore Notice is hereby given that on
Saturday the 3rd day OF Ee6ruary. a; ID. isG6;
day at the front door Of the court house in
the City of Canton. County of Lincoln. and
stock will be sold to the highest bidder for
cash, by the then Sheriff OF Lincoln county.
South Dakota. to Sdtisfy the said notes foI
A particular description of the said shares
of stock SO to be sold Is as follows:
Certificate No. rs OF the Capital Stock of the
Mutual Lumber Company Of Sioux Falls
ness is now Canton. south Dakota. which Ger.
tifcate Is for 500 shares Of ten dollars each
dated October first. 1902. and on which So
per share has been paid. and also Certificate
ten dollars each on which has been paid III
g. 50 per share. dated October first. 1902 anC
issued to J. P. Serr and duly assigned and
transferred to R. U. Bradshaw and held by
him as a pledge for the payment OF the sait
notes.
Dated January "a. 1906.
r. U. BRADSHAW.
Pledge and Holde OF said stock
c. B. KENNEDY.
Attorney for Pledge.