Record: Memorandum of Agreement
Date: undated
Party 1: Charles R. Thomas of South Arm Township, Charlevoix County, Michigan
Party 2: George E. Nichols of Ionia, Michigan.
Memorandum of Agreement made between Charles R. Thomas of South Arm Township, Charlevoix County, Michigan, and George E. Nichols of Ionia, Michigan.
Whereas, first party is desirous of purchasing some cows to be used upon the farm now occupied by him which he holds under a contract of purchase with second party, located in the said Township of South Arm, and desires to borrow of the National Bank of Ionia, Michigan, the sum of Six Hundred ($600) dollars, upon the endorsement of second party.
Therefore, it is agreed, that the title to all such cows or stock shall be and remain in said George E. Nichols under the terms of this agreement, the same as the other stock and personal property upon said farm under the contract of purchase heretofore entered into between said parties; and that title to said stock so purchased shall not pass to first party until the money so borrowed of said National Bank is fully paid and then said stock shall be and remain as all of the other stock upon said premises, subject to all of the terms and conditions of said contract of purchase.
(signed: Charles Thomas)