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Scripto | Transcribe Page
Hampton Negro Conference. Number III. July 1899.
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this contract by the payment of the following sums after the expiration of the respective dates, viz:—
After 5 years— $399
After 6 years—341
After 7 years—275
After 8 years—200
After 9 years—118
It being distinctly understood and agreed that said Tenant shall not in any sense acquire an equitable right or title of any description pending the full completion of this contract. (The above calculation is made upon the basis of selling for $500 a farm which cost the Association $450, to which is added the membership dues for the unexpired portion of the 10 years term—which dues are calculated to pay the salary of the Superintendent—less the cash cancellation value of the endowment policy)
k. In case of the death of said Tenant, while in good standing with the Association, at any time during the continuance of this contract from cause other than suicide or murder committed by a beneficiary, the Association will, upon payment of all amounts due to any and all of its departments, convey to the Heirs at law of said Tenant the property herein particularly described including stock, tools, etc. clear of encumbrance, and also will pay his Estate any balance that may have been due to him at the time of his death out of the Contingent Fund.
It is understood and mutually agreed that this Contract is not transferable by either party without the written consent of both parties hereto.
In case the said Tenant shall default in the payment of any sum or sums due by him under this contract, or fail promptly to follow all directions given him by the Association's Superintendent, or neglect to harvest and immediately deliver said crops as above provided, or in any way whatsoever fail fully to comply with all and every of the provisions herein set forth, all obligations on the part of the said Association shall cease, determine and forthwith come forever cancelled, and said Association may enter in and levy upon all effects of said Tenant to the amounts that my be due the Association and he, the said Tenant, shall immediately forfeit on account of liquidated damages all benefits and advantages that he may have had under this Contract and agreement and shall, within five days after due notice shall have been left upon the premises, vacate and remove therefrom, hereby waiving all rights of exemption, etc.
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