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2 Years Transportation Progress Volume 47

2 Years Transportation Progress Volume 47


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About the Book

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ... sonable dispatch, and to convert tlie same into money, and also to collect all such, debts and demands hereby assigned as may be collectible, and, with and out of the proceeds of such sales and collections,"--First, provides for the expenses of executing the trust, commissions of the assignee, and the payment of the wages or salary actually owing to employe's of the assignor at the time of the execution of the assignment. Second, provides for the payment of a note of $2,500 in full, "if there are sufficient proceeds applicable, according to law." Third, provides that, after the payment in full of the note mentioned in the previous preference, the assignee shall pay five other notes specified, amounting to about $1,800, "if the residue of said proceeds applicable according to law, &s provided in chapter 503 of Laws of 1887, shall be sufficient for that purpose," and, if not sufficient, provides for the payment of such residue so applicable according to law on the notes so mentioned ratably. "Fourth, and, after fully paying: and discharging all the aforesaid debts as before provided, the said party of the second part shall pay all and singular all other debts and liabilities of the party of the first part; and, if such residue be not sufficient to pay and discharge all such debts and liabilities in full, then the said party of the second part shall apply the residue of said proceeds to and in the payment of the debts and liabilities mentioned in the preference, ratably and in proportion to the respective amounts thereof." "Fifth, and if, after the payment of all the said debts and liabilities in full, there shall be any remainder or residue of said property or proceeds, to repay and return the same to said party of the first part, his...


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Product Details
  • ISBN-13: 9781234973407
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 598
  • Spine Width: 31 mm
  • Width: 189 mm
  • ISBN-10: 1234973405
  • Publisher Date: 05 May 2014
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1052 gr


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