The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-09-30

(Continued from Page One
RanS nf Minneapolis, the First Ma
tinr,a, Bank sc Minneapolis and the
Merchants National Bank Of st. Paul
entered upon q certain Trust Agree
ment. copy Of which is hereto at
tached. marked Exhibit A, and
Charles E. Beiseker. and Lila g.
Netcher entered upon certain Col
lateral Pledge, copy OF when y
hereto attached marked Exhibit y
NOW. THEREFORE,, in consideTa-
zion Of the mutual promises herein
contained, and III consideration OF one
'DolIar Isl. OOl IN hand paid BY each
If the narties hereto to The other, the.
parties hereto hereby covenant and
agree as follows, to-wit:
p Said e. i. Beiseker has, on this
date, executed ten (1O) certain prom :
issory notes, each IN the sum q
Twenty-four Thousand Two Hundred
Fifty-six Dollars ($24 ,256.OO), al Dat
ed September 7th, 1921, and maturing
as follows: Note No. | on OF pe1oTei
January 1st, 1922, Not No: I on OF :
before January 1st, 1923, Note NO. s
on or before January 1st, 1874, Note
No. q, on. or before January lst,
1925. Note. No. S, on or before Janu-
arv 1st. 1926. Note No. 6, on or be-
fore January 1st, 1927, Note No: Z,
IN or before January 1st, 1928, Note
No 3. on or before January LIST, 1872,
Note No. 9. on or before January Isl,
1910. and Note No. 10, on or before
January 1st, 1881, all Of said notes
bearing interest at the rate Of three
and one-half per cent (31s) per an
mn, from their date, said interest pc
;ng nayable annually on January lst
If each year, and each Of said notes
hing.in form as follows, to-wit:
so1 25g 90 Minneapolis, MINI.
- > sy< Sept. 7th, 1921.
On or before January 1st, Is,
nroraise to pay to the order OF the
County Of Sheridan, State Of Mon
tana. the sum Of Twenty-four Thous-
and Two Hundred Fifty-Six and no
100 Dollars 1874 ,256.O0) for value
received, at the Office of the Mime
sota loan and Trust Company, in
Minneapolis, Minnesota, with interest,"
thereon at the rate of three ana one
half per cent per annurn, payaple !. an
nually, until paid, having deposited
with said trust company as irustee
and pledged as collateral security lo1
the payment hereof. and for the pay
n,enf. Of nine other notes, each Of ever
date and OF. the same amount as tnl:
note. the following to-Wit: Two hund
red Forty Thousand Dollars (9z4O,
OOO.OOl Of the Certificates OF Deposl
of the Sheridan County State Bank
of PIentywood, Montana. -
II is also agreed that this note L
given and held suD1ect % az III a ". %
ana cohal.loi Gon ~ o 7th 1921. 5,
ment dated = neP'epll n;saLa a., t;,st Marty
ana o1Ween !. l. a a.,se and Tr,,st Com
Inc Mlnnes9.a Ian ID az 4ha Cnnnfv q
pany, seconu paisfi a Montana, fhir
sher1dah. ','ls't - = '' - $500
party.
No. ------.,------',-.-
no+ae have bee
.sald pIoI,fsso. ST. rarfu an
execased suy@l ne saad anaa,,i r., nartv !
delivered 60 Tue selu 49,. So mil p s 4,
De heid py II r 81 pa,,l, hoe hoe
Shr1dan oouney osass @ cot fartl
feorganl1zmga 81, - ne .f4ae sa;d reorpani
ana saM 49, f,,1lu authorized an
zaIlon, IS uei ,al;.ra,. s,;d n,.ono;ssor
enlpoWsred " aen t,,;,.d a< na,tu Firth
notes 20 e.le sa 4h.t t' = casa of defan1
sIi.lole $3.50 aftha interest or priir
IN me pay an' - +ha ahoue notes ia
c!pa. OF , ans " af+ar e e .nst,,,;tu,s sal
nlhe.y ua .ss o. its @ont;on ~ iban "a
s1nty may, g -, nete op.f orthw III. i,
clare all q: ssa'u 'io'e' - = 'si''' ~
and payable.
2. SAID 1rst party further1io ..
agrees that Ne will take lmmeol q,
steps towards the reorganlzatlon1 az
reopening Of the sald SheIldan lo ,ll
ty State Bank, and will use ms Juno;
endeavors to see that sald Danh al,
reopened at the earnest practlcapl
date, and that immed1atly upon the s
opening OF sald 1tanh' ne WI 49, - :.
be delivered to the SAD secqmd par.
the Two Hundred Forty 1nous<ai
Dollars (S240 ,OoOOO) OF ce1tlnca.es :
Deposit referred TO IN the above no -.
to be held by It as collateral seeu -
in accordance with the terms q "a
agreement; that all OF SAID oertll
Gates Of Deposit Will mature as )
January LIST, 1872, but that It Is neI'
by specifically agreed, by and PEI, 9etw ,
the parties hereto, that Two Eun one