Page:Articles of agreement between Thomas F. Mulledy, of Georgetown, District of Columbia, of one part, and Jesse Beatty and Henry Johnson, of the State of Louisiana, of the other part. 19th June 1838.pdf/6

 payment, and that the interest thereafter is to be annually paid to T. F. Mulledy, at George Town College, District Columbia. –

It is further agreed, that on the delivery of the slaves in the fall, they are to be divided between Jesse Beatty and Henry Johnson, each agreeing to place his portion on a tract or tracts of land in the State of Louisiana, of the value of one thousand dollars, and to mortgage the said tract lands, together with the said negroes, (except those first to be delivered) to secure the payment of the said sum stipulated to be paid by him for his portion of the said slaves. And it also understood, that besides the said mortgages, the said J. Beatty + H. Johnson are to give their joint + several notes, or notes drawn in favor of one and endorsed by the other, for the amount stipulated to be paid for the negroes, and to cause each to be sub-[signed?] by some responsible person as security. –

It is further stipulated, that the said negroes herein named named shall be of different ages from that affixed to their names, and their value thereby impaired, or shall be unhealthy, or in any manner unsound, a fair deduction shall be made for such difference in age, or for such defects as shall lessen their value; and if the parties shall not agree as to the amount to be deducted, the question shall be submitted submitted for decision to two arbitrators