Name/Title
1809 Deed Thomas Bull to John M Bull & Hezekiah BullEntry/Object ID
002595Tags
Peter Bull, James Rare, Thomas Bull, Hezekiah BullScope and Content
This is a legal document from October 7, 1809, involving a land transaction and the distribution of funds among members of the Bull family. It is a formal "Obligation" or bond, ensuring that a portion of a land sale is paid out to a specific heir.
Transcription
Whereas Thomas Bull hath sold a certain piece of Land to John Reed for the sum of One Thousand and thirty two Dollars and twenty five Cents and taken an Obligation for the same, also bound himself to indemnify said Reed from his Brothers, or procure a title from them to said Reed for their Respective Rights to said Lands, And whereas the said Thomas Bull hath made an assignment of said Obligation to his Uncle Peter Bull in trust for his Brothers Hezekiah & John N Bull of their Respective shares of said Obligation— and Whereas Hezekiah Bull now hath given a title of his Right to the above Lands in favour of said Reed and Deposited it with his said Uncle Wherefore, Now be it known That I the above said Peter Bull hold myself Bound and indebted unto the above said Hezekiah Bull for the One third part of the above mentioned Obligation When I Receive the amount thereof from the said John Reed which third part will be three hundred and forty four Dollar & eight Cents given under my hand this seventh Day of October 1809
In presence of
the words—them—Bull—third part—Interlined before signing—
James Rare
Peter N Bull
Summary of the Agreement
The Original Sale: Thomas Bull sold land to John Reed for $1,032.25.
The Family Trust: Because Thomas’s brothers (Hezekiah and John N. Bull) had rights to the land, Thomas assigned the debt (the "Obligation") to his uncle, Peter Bull, to hold in trust for the brothers.
The Resolution: Hezekiah Bull has officially signed over his rights to the land.
The Guarantee: Peter Bull now formally acknowledges that he owes Hezekiah exactly $344.08 (which is one-third of the total sale price) as soon as John Reed pays the balance.
