Transcribe Parker, H. W. Memorandum of Agreement with Ward, Henry A. (1883-08-06)
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3rd The aggregate of these ^by Prof Parker to Mr. Ward^ of these payments shall
in no year, dating from Oct. 1st 1883. be less than the sum of $500.
4th After Oct. 1 1883 Prof. Parker shall pay
annually to Mr. Ward interest at 6% ^per annum^ or so much of the $3,000. as is not received in payments from time to time.
5th That Until;; the whole sum of $3,000. has been
paid by Prof. Parkerishe shall at his own expense keep the collection insured ^against ?^ Mr. Ward's name and for his interest to the amount of the balance still owing him.
6th What The sums paid by Prof. Parker for freight ^on the collection^ from
New York, for its insurance and for any and all expenses of storage and protection until such time as it is en- tirely paid for shall be considered as a rental paid to Mr. Ward for the use of the collection and not as making any lien upon the collection.
7th. Until the full sum of $3,000. with interest
as above provided has been paid to Mr. Ward the title and ownership to the entire collection shall remain in his ^(Ward's)^ hands.
8th And Should Prof. Parker fail at any time
to fulfil and keep up his part of this agreement Mr. Ward may enter upon and remove the entire collection Prof. Parker forfeiting any and all sums which he has paid upon it
9th Beyond this forfeiture of the collection Prof.
Parker will not be libel to Mr. Ward for any debt or damages of any kind , resulting from his failure to make full payment of this sum of $3000 and interest as provided.
Signed H. W. Parker
Henry A. Ward
Note. Of the $3,000. above mentioned
the sum of $437.25. ^has been^ was paid to Mr. Ward July 25 to this date
leaving at this date the sum of $2,562.25/100 still due him.