Loading...
HomeMy WebLinkAboutContracts & Agreements_2-1928_CCv0001.pdf SHEI?HERD-CROOK, Ixc, LOS ANGELES; CALIFORNIA; Hereinafter known as the COMPANY, iigrees to sell, and POW P40 hereinafter known as the PURCHASER, a cges to " .. U.l � ft �4i -_ �#c d62 ! _ hereinafter kaown and dcseribed,as "Equipment" to be shipped by �:' ..to �d xtd... Station, on or about :h '� ��. , i92_�, FREE ON BOARD CARS AT �� .: California, U' S A:, for which the Purchaser agrees to pay In:Gold Coin of the',United States o£America, to SHEPHI Rl) CROOK, IxC;at thew'of&ce, Los Angeles, California, MM OMM t+ i 5 Together with interest on alisald deferred payments.at the"rate of eight percent per annum from a � _. � i42 ' aiid:added:,to said:;installments,as;tlic,samc.bccame due i. i TI eAs of the essenee o!this contract:wlth respect to the performance of the obligations herein assumed by .or imposed upon::Pur chaser and'a.cceptance;by the Company of.any delinquent:paymentshall not constitute a waiver::;by the Company,of this sproviaion, nor shall"it:entitle Purchaser to:a :1.or demand before atforfeiture.by the:Company:for or::;on:.account of a:subsequent-;delinquency.; and sfioul8 Eurchaser.bef3n.defiiilt Fn the'performaiide of or break any:;promise,,condi4ion or agreement herein contained, or should the';Com pang deem the financial..condition of.'the.Purchases``such'as to endanger the:::rigghts;of the Company..%hereunder, then;in any.sneh case the Company;"shall haver the right to deciare''immediately due and payable the.entire amount;:of prineipal And anter®at, All delinquenE,'pay- menta shall bear.interest at::the rate oflea=Bar month until paid Thel,title to said "EQiTIPMINT and:parts and attachments added thereto ilial! remain in COMPANY until PUItCBASER S plate Derforinance of all the p bylslona of this agreement Ii,said'Purchaser 8efaulta in any of the abova:paylnerits,when'due or' breaches any proviaion.of this contract; or i! said "IQUIP M»NT":is attachedor levied uponunder any writ;;or process of.any Court,;`;ar if said,Purchaser is'declared a bankrupt, said Company may; at,its'"option without previous demandl:or notice, (First)';Ixetake possession of said `Ir.QUIPML'NT and all of i#a new and,,.old`attachments an8 aecessorFes with or without process oY 1aw and all-,: payments;;due, up to land.3noluding.: he time of,the repossessing of'acid "EQU PMIONT Ghali be Seemed to be compensa- tlon for fihe.,use and:,depreciation olsald ;;.EQUIPMENT and expense o!selling the same, and the Company:may recover judgment against the;Purchaser for alI''Bayments,due`at the'tiine of said repossession that have notbeen previously",paid by,the Purchaser to"ahe:Company When such right of'<.termination'exists the:Company;`may,:without first exercising its right.'to terminate take possession of said "EQUIP MENT" and'.hold the same;while,the,Purchaser is in default; but the taking and'holding for a poriod under;such conditions,shall not In pair:the right of the:Comgany, before such default isas-been:cured,•!to terminate:tlsis.contract at a:::date:after.the twdng,,.:with"the rsame results as"would'have followed a termination before;taking. ::. (Second) Said€Company may;declare the whole oV the sums'then,remaining unpaid.to.be immediately due;and payable,:and sue;therefor: In'case suit-is brought or:other proceedings taken to'recovereafd property .'. '; or any part,aheroof, or.a[1 or.any..part of the amount due:under this agreement, said Purchaser agrees to';;Bay ali.;coata and IOr/o 'oi.the' • "'; purohase price of'said "EQUIPMPuI�tT" as attorney's,feea to saidtCompany., 1n ease auit'iabrought'to recover gossession ofsaid 'EgWp merit, ,or;ring Bartor attachment thereof, the Purchaser and his assigns hereby.waive.demand and notice. The.Purchaser;may retain possession.of said `,`Equlpinent" while not,!n default hereunder blit:i!she Company'or its assigns believe <-..»tRi:«e»,�«t+:.s...s»s.::.dwa«::oe..»A-•:Aio7.n.,m::*+7,e..4:ifan.e n..:_Iln7r n}=ndro nf`�dnie7�:::Vfi;nninml4n!•;�!! nr.-:a.nv. nn.r4."lnfx"it. nr:�..thnt-:sald:is+iauxIty its' ':: ahould%'Purchaser:lie in default in:the'performance`of, or break any.promise; condition or agreement'herein:contained 'or;should the. Com panydtemithe financial condition o: the;Purchaser}':such..:as.to endanger the rights of the:;Company::;hereunder,;#hen.In any such'caae the Company;"shall have the:right to:declara immediately due.!and payable the:entire:amount;of principal and'.InterestC All;delinqueat pay- ,; meats,shaIl':bear;anterest;at.the;rate of igoper month until paid The title to said "EQUIPMENT' and parte and attachments added thereto shall remain in COMPANY until':PUI4CHASEIZ'S eom-• plate performance.of all the:;Brovtsiona of:this agreement. If sa#d Purchaser defaults In any of the above payments when due, or1.breaches any provision o! this'contract, or I!'said "EQUIP MEIfT' is attached or levied upon;under any writ'or,process o! any court!. or if Geld Purchaser Ss declared a banlsruHt, said Company may, at its:;option,';without:'previousi demand or notice, z:. : (Firs1.t) I{etakei possession of sa#d "E@UIPI+ZI;NT' and all of its new:;and old attachments and accessories with or without process of law and;ail:payments.due, up to:and ineIuding the time;of the repossessing of said "EQUIPMENT' shall be.deemed tb"be compenaa tion for1. the:use and depreciation of;said "EQUIPMENT" and expense of selling the:same,wand the.Company;may recover�udgment:iag "... the Purchaser""for alI pay1.ments due,..the tim1.e of-sold reDosaession<ahat!hap� not:been previously{paid by,the P..urchasor to the Company When such right of.termination exists the".Company may, :without:flrat exerciaing Its rightAd terminate,.take possession of.said "EQUIP MENT';and hold the same:while.`:tile Purchaser is In default but the taking and holding for a perlod under such conditions shall not im pair the right of.the Company, before such.default has been cured„to terminate this contract at a date.`:after the asking,>with the same ' results as;would have folld,WeB a termination before`:taking.:: (Second) Said:=:Company may.;'declare the whoIe of the sums then remaining unpaid to:be.#mm®diately due and payable,:;and sue:therefor. Iw.case suit3s brought Or.:other. proceedinga;taken to;`recover:"aai$ property, or any Hart;theroof; or all or any'part o!fha amount due:;under his agreement, said Purchaser{agrees to;:pay all;;costa'.and YO%::`.oi the purchase price of sa[d "EQUIPMENT' as.:'attorney'a fees'fo aa[d;Company:: 'In case suit3s brought to recover posaesston;of said ."Equip went or'any Bart'or attachment horeof, the Purchaser and his:assigns hereby wai1.ve demand and.notice. , The Purchaser may retain possession.of said Equipment" while not Jn default hereunder but if the Company or its sasI,ma believe in security is being:ondnnggered'because of;the misuse oraack of:care of;said ,"E.quipment; or;any part:{ai=it,<or that-::amid=seaurity Is - endangered far any:other reason, or stint the:;place of'atorage`;of said Tractor;rhas been changed without permission;ol.the:,Company assigns,•the;said Company or::its assigns may take said "Equipment".into its'possession and keep the"name8o long as the paymentsme are:made according to the;conditiona hereof and until the.sal- contrac.t..is.:paid in:fuii, n tho.safd Company,or.its,assigna,shall,se.it'shalI take said `:'Equipment," also.charge a reasonable storage for said "EQUMENT,” and' it. shall:have a!lien upon said.:IPMENT" for::such storage. 1.The Purchasor hereby grants;to the Company the right to open and;enter the premises of the Purchaser where the said "EQUIP - T,, may be kept ar stored, for:the1. purpose11 of:Inspecting the;asme and for the purpose of taking poasessioa of the same and remov on:`any:;occasion::. the Company:;fa.entitled to.:'such_possesslonIt is:hereby expresaly understood and;aggrreed:that the Company shall not, #n' any ease or under any.: circumstances,'be held:liablesponsible for any damages or,pernonai:#nluriea suffered or sustained in the use, operation or:handling o! said "EQUIPMENT' orwlse,mo.matter.how:caused,or occasioned, nor. for any:losa of,proflto,::. pensee or.damages<resulting:;to the::;P.urchaser by:reason o! ,elays:or non::=performance of said `.'EQUIPMENT,";or from'any other causes::v 6oever;.that alk;such clafms;.are:hereby apeciflaailyd. And it is hereby expressly understood:and agreed that until1.the Company does pari with the title thereto, as herefn:provided. the Purchaser w111 keep:sai8 "EQUIPMENT" in flrst-clasa condition,.:good order and repair, :and wlli.,not,.remove,. transport, :ship,.:drive or ::take said '.'EQUIPMENT :or causeior.:auffer the,same to::be;removed,'aransportedsahipped 8riven;:'or.[taken from'ahe State to'wHlch the11 same fa 1originally hi Deed by the:Company without;the conneni of':the Company first had`1.and obtained in writing..::: The lose or destruction or theft of, ori damage to said EQUIPMENT'' from any caul® are at Purchaser's risk, and shall not relieve the.Purchaser from:his.obligation..to make all paymenta,horein.:specified... ; Said Purchaser agrees; during:the lice;oi,thia::eontraet to exhibit said "EQUIPMENT." to said Company upon demand and to keep. said property in good order::and repair,to the satisfaction of the Company. All billa for,repalrs Bono upon'and materials furnished for said'EQUIPMICNT" by said Company during the life of this agreement, shall be added to the purchase prise.of said "EQU.IPMENT" and shall become apart of this contract , The Purchaser agrees to pay and.discharge all City, County a d State Taxes that may be assessed against said "EQU]PMPINT' and also Statutory liens upon said EQUIPMIi:NT" K, It is also undeistoofl"and agreed that the Company, ff'they so11,�eiect m y cause said "EQUIPMENT' :to be insured against ions or :,•damage by,flre, in sash amount.as the Company;rr►sy.el�ct;;aud,tJn.ev�nt af:-any°lose or damage by::flre toaaid`'Equipment" any insurance::. Colicc#ab le:::under:any policy-of"insurance:;by reason thereof shall"':bo."Bayz 11 ..in.;fu11 direct!to the:Company and,-the amount of such in suranco„getuaity colleoted'by-,and paid to the Company.shall be retained and applied by the,Company on.any unpaid indebtedness.o! the ;;' Purchaaer to the Company:;on account of said `:nquipment,.'' or otherwise and any:surplus:remaining to be accounted for to the Purchaaer. All.'ppremiums for:insurance::which:may be.incurred hereun.der by the Company shall be 6hiirtea.ble to the Purchaser and beeome a part o!the.purchase prtce of said "Equipment:", Sald Purchaser agrees that1.hs will.,not and Figs no:rlght to,..-assign, pledge, mortgago,'or otherwIas d#spoae of. this contract or sald� Equipment' or Any part thereoY,.-: incur;any,,.b[ll,,.other.:than wtth the;iCornpany, for repairs Lo said EQUFPMENT in excess of ;50:00 during the existence of this,agreement w1.ithout the written consent of said Compan1.y.:; Upon`the fail;. complete and strict camplisnce"by.�aid Purchaser1.with all the provisions hereof, at she times and in fha manner herein set,out (and not otherwise)-title to'said "EQUIPMENT ahall pass'to said Purchaser and said Company agrees to thereupon ex- o.. a btil, sale of said :'EQUIPMENT' to sai$':Purehaser When' a service.of any notice upon::the Purchaser,is necessary,or convenient, the same may be delivered to Purchaser, or St may be:.;aeft for:,him a.t the address,;b}�siness:or:residence,, of the Purchaser as,given in-this instrument,.or#n'lieu thereof, Ii ixiay be served by deposit,in.the United.States':mall at; ,os Ang@les, directed to Purchaaer at such address or'.if no;such address be given, then directed to Purchaser at Los Angelea,.;California1. This..agreement shall-;Inure t' a benefit of and be;bindin upon the;11.1 heira, executors;`administrators,lsucceasora and"assigns of the1. respects- I..ties Hereto, "subject'to:the:foregaing,,;provtafons pro itiit�ng,.assignine etc.,::by Puchaser and an assignment by the:Com pany ahaIl:.carry to�'the assignee every riglit and privilege reservsd;by'"or &ranted ao the:,Company herein. Receipt of$duplicate!hereof is hereby;actcnowledged by the Buyer this contract having been executed:In duplicate. An8 if is further understood that no sepreaentative or agent:has anypower to maize any additions to''or vary±the terms and Bondi lions printed herein.;;except;the president or:'secrotary ol..:.the Company This contract ahaIl.not be;;binding until itis{submitted to;snd duly accepted byl;the Company at•.their,ofIIce in Los,AngeIea, Cal[fornia,;:U S A ; and that when:so accepted ii shall become a California con tract and construed n'accordance with the;aaws of the State o! California ;, I SERI';WITH DECLARE THAT.I HAYS;CARETL)LLY READ THE POI{RGOING INSTRUMENT,AND AM ACQUAINTED' WITH ITS;C©NT>;NTS, NHICH I HEREBY ACCEPT. Executed An Duplicate this _ __day of _ _ _ , 19 ._ , at__ S] PHERD-CROOK,; Inc., company and Purchaser must sign Original )3y and Duplicate, and: each Should ;requare:: ilio Company i1. � 1; �. surrender and cancellation of both segned , documents Before signing any other contract t -- :°.---- 1. �� '� it C �- � affecting this "Equipment." q urctiaaer —- �.. :� :::- f���Iz�%: 0 ;::,��::­,—.. ,�:�1:�,::,::,,1�:I.-.:!,�:::� ......'. s1. g - �•-. ..... ...c ..:. Po toiflee Address of Pureliaser ,