Palisadian., 1925-12-11
THREE LOCAL BOYS
SWING A Big DEAL
Frenzied Finance of AdoIescent
Youths Commands Attention
of Motor Kings.

Charles Osmer, Thomas Fredericks
and Raymond Bacchetti, parties of the
first, second and third parts respec-
lively, have made deal that stunned
old-timers in Wall street and gained
for them the name of "the big Buick
and Battery Kings of the Palisades" I"
The deal has to do with the pur-
chase of Buick touring car (Noah's
Ark model, predating the Palisadian
Dodge, for the huge sum of $40, the
highest price yet recorded for car
that wont run. George Dalheim
negotiated the sale and G.. Lane is
the attorney of record in the case.
The three boys have an equal share
in the machine, or will have as soon
as Ray pays Tom S6.66. 1t is now
on public view in the rear of the
Fredericks' mansion on Cumbermede
road, Palisade, and some one was
mean enough to suggest that the fel
lows are waiting for high tide in
the Hudson to float it out into the
road
They have great faith in the car,
however, and with the cooperation of
the garage and battery men will prob
ably be able to make some long trips
to Leonia and other distant points
| by spring.
To prove that the transaction was
handled in proper form, there follows
the memorandum of agreement which
was signed, sealed and delivered:
Memorandum of Agreement
THIS AGREEMENT made on the
End day of December, 1925, by and
between Charles Osmer of Grant
wood, N. j., party of the first part,
Thomas de Vaux Frederieks of Pal
isade, N. j., party of the second part,
and Raymond Bacchetti of Palisade,
party of the third part:
WHEREAS it is mutually agree
able to the parties named to pur-
chase a Buick touring car for the
sum of 500,
AND WHEREAS the party of the
second part is willing to pay the pur-
chase price to acquire the same,
therefore,
IT is AGREED that the said party
of the second part shall have full
control and jurisdiction over the said
car until such a time as the parties
of the first and second part above
mentioned shall have paid their pro-
portionate share lie. 33 1-3 per cent
of the purchase price and a like share
of the upkeep costs to date, and,
IT is FURTHER AGREED that
after such time that the proportionate
amounts of the purchase price and
upkeep costs are paid by the parties
party of the second part, the car
shall remain in the custody of the
parties above named for periods of
one week rotating in the order that
the parties are allowed named, and,
1T is FURTHER AGREED that all
upkeep costs including tries, gasoline,
oil, etc, shall be met by the three
parties above named in proportion
to their interest in the car which is
understood to be 1918 per cent each
with the exception of such repairs
that are made necessary by the care
lessness of any one of the owners,
and
1T IS FURTHER AGREED that in
the event of a resale, each shall re-
ceive his proportionate share of the
receipts of such sale, lie. 33 1-3
per cent each.
Each of the above named do sign
this agreement in the presence of
| Charles w. b. Lane and seal it in
manner to each most appropriate.
l.. S. C. w. OSMER
Party of the First Part.
l.. S. THOMAS de V. FREDERICKS
Party of the Second Part.
L.. S. RAYMOND BACCHETTI
Party of the Third Part.