Contract, stating that Absalom Jarrell is "firmly bound unto" William Stephens in the amount of $150 and will sell 72 acres to Stephens for $75, dated January 21, 1848. Handwritten in black ink on a single sheet of paper. A math problem has been worked out in the left margin of the obverse.
Transcription [all spelling & grammar is as written]:
State of North Carolina, Guilford County / Know all men by these presents / that I, Absolam Jarrel am held and firmly bound / unto William Stephens in the sum of one hundred / and fifty dollars, good and lawful money of the / United States - to the true and faithful payment / whereof to him the said William Stephens, his heirs, / and assigns [illegible] and administrators, jointly and / severally, firmly by these presents signed with my / hand and sealed with my seal, this 21st day of / January 1848. / The condition of the above obligation is such that / whereas the above bounden Absolam Jarrel hath / contracted and agreed to sell and [illegible] to the said / William Stephens and his heirs, a certain tract of / land in the County and State aforesaid, adjoining / the lands of George Coble and others, suposed to / contain seventy two acres, on receiving the sum of seventy / five dollars, being the purchase money agreed on / between the parties, and secured by bond bearing even / date with these presents, due, in two years (Jan. 21st 1850) / as on reference being had there to, will more fully appear / now therefore, if the said Absolam Jarrel on receiving / the purchase money, provided it be tendered any time / within six months after the bond falls due, shall / well and truly, at his own cost and proper charges, / make and execute to the said William Stephens / and his heirs, a good and sufficient deed of conveyance / with general waranty and full covenants to convey and / assure unto him, the said William Stephens and his heirs / a good and indefeasible estate of inheritance in fee / simple in and to the aforesaid tract of land with / the privileges and appurtenances thereunto belonging or / free from any and all encumbrances whatever: then the / above obligation is to be good otherwise to remain in / full force and effect / Witness J. W. Beeson sealed Absolam Jarrel
|Date||January 21, 1848|
|Credit Line||Gift of Cecil C. Conner, Jr.|