Deming graphic. (Deming, N.M.) 1903-1948, 1913-01-31
GOOD PLAN TO BUY
DA|RYMEN'S COWS
Carlsbad Farmers Formed Syn
dicate and Raised Money
by Joint Note
FORM OF AGREEMENT GIVEN
Contract Says All Cows Must
Be Delivered at First Cost
to Them.
FORM OF AGREEMENT GIVEN

On the Carlsbad project there has
recently been purchased carload of
dairy cattle under special form of
contract and it is probable that more
cattle will be purchased for the pro.
ject on this same basis in the near
future. Arrangements were made
with the college dairyman of the
state agricultural college to purchase
the cows. The syndicate referred
to in the contract obtained money
from local bank by signing a joint
note. As a matter of interest and
information, the form of contract
used for this case is given below:
We, the undersigned, do hereby
agree with --, of Carlsbad, New
Mexico, representing a syndicate of
ten persons who have this day agreed
to furnish the necessary amount of
money to purchase and deliver at
Carlsbad, New Mexico, a carload of
milk cows for distribution among
the farmers of the Carlsbad project
and to be by said farmers fed, milk.
ed and cared for under the condi.
tions hereinafter set forth.
CONDITIONS SET FORTH.
First The undersigned hereby
agree that upon the delivery of said
cows at Carlsbad, New Mexico, they
will purchase the number of cows
set opposite their signatures under
the following conditions:
Second The undersigned further
agree that upon delivery of cows to
them they will execute a promissory
note covering the cost of said cows
at Carlsbad, New Mexico, together
with ten per cent interest from date
of note, such note to be secured by
the cows and further secured by a
bill of sale for such cows. The un-
dersigned further agree to protect
and pay to the syndicate any and all
Legitimate expense which may be in
Cured under this arrangement.
HOW THEY WILL PAY.
Third-The undersigned further
agree that they will return payment
in full for said cows in the manner
following, that is to say that they
will deliver all of the cream pro.
duced by said cows to the Otis
Creamery company at Otis, New
Mexico, and that said Otis Creamery
company shall deduct not less than
fifty per cent of all creamery checks
in case the undersigned does not
own and milk other cows. In case
the undersigned owns and milks one
other COW, he shall deliver all cream
from all cows to the Otis creamery,
and said creamery shall deduct for.
ty-five per cent to be paid to the
syndicate" In case the under
signed owns two cows he shall de-
liver all cream from all cows to the
Otis creamery, and said creamery
shall deduct forty per cent to be
paid to the syndicate. In case the
undersigned owns three cows he
shall deliver all cream from all cows
to the Otis creamery, and said
creamery shall deduct thirty-five
per cent to be paid to the syndicate.
In case the undersigned owns four
cows. he shall deliver. all cream from
all cows to the Otis creamery, and
said creamery shall deduct thirty
per cent to be paid to the syndicate.
In case the undersigned owns five
cows he shall deliver all cream from
all cows to the Otis creamery, and
said creamery shall deduct twenty
five per cent to be paid tg the syn
} dicate. All of which shah he paid
to a trustee selected by said syndi-
cate. and to be by him credited upon
the note and bill of sale given for
the payment Of said cows in sums
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