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|William Kough,||TO||James Stewart, Merchant|
|Planter of Bonavista||Of Grennock, Scotland|
Firm of James and William Stewart
Event: Indenture of Mortgage
Date: Dec. 5, 1888 @ St. John's
Basically, what happens here is that in the course of doing trading business with each other over the years, William Kough became indebted to the firm of James & William Stewart to the tune of nine thousand dollars, which William couldn't pay back. A deal (compromise) was made whereby William was to pay to James Stewart the sum of two thousand dollars, and hand over the deed to two parcels of land and mercantile business's in Bonavista described below:
Further, that the sum of two thousand dollars to be paid by William Kough to James Stewart, his heirs, executors and assigns, in equal payments of two hundred dollars each on the 15th day of November in each and every year until the whole of the said sum has been fully paid and observe and perform all the covenants and all conditions in these presents contained
Page Contributed by Vince Hunter
REVISED BY: Ivy F. Benoit March 27, 2002
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