The instrument's own words
page 1 · read by Gemma vision
DEED OF ASSIGNMENT
THIS INDENTURE, made this 15th day of June, A. D. 1940 between Howard H. Baker of Seekonk, in the Commonwealth of Massachusetts, party of the first part, and Walter W. Goff of the City of Cranston, County of Providence, State of Rhode Island, party of the second part,
WITNESSETH, Whereas the said Howard H. Baker is justly indebted in sundry sums of money, and is unable to pay and discharge the same with punctuality, and in full, and is desirous of making a fair distribution of his property and effects among his creditors.
NOW, THEREFORE, this Indenture witnesseth, that the said Howard H. Baker, in consideration of the premises, and of the sum of one dollar to me in hand paid, by the party of the second part, and the trusts hereinafter created, hereby grants, bargains, sells, assigns, transfers and sets over, unto the said party of the second part, his heirs, executors, administrators and assigns forever, all and singular, my rents, tenements, remunerals and real estate, and all my goods, chattels, effects, things in action, and property of every name, nature and description, and wherever situate, together with all evidences thereof and securities therefore, SAVING AND EXCEPTING, such property as is exempt from attachment by the law of the State of Rhode Island and of the United States, other than debts secured by bills of exchange or negotiable notes.
TO HAVE AND TO HOLD the same unto the said party of the second part, his heirs, executors, administrators and assigns forever.
IN TRUST, however and upon the following uses and trusts, that is to say, The said party of the second part shall take immediate possession of all property and effects hereby assigned, and within such reasonable time and manner as he shall deem for the best interests of the creditors, convey all or part of said property that is of a salable nature into money, either at public auction or private sale, and collect all sums of money due to said party of the first part, in full if possible, otherwise, he shall compromise with same on such terms as he deems best, and with the proceeds thereof, shall first pay and discharge all the reasonable costs, charges and expenses of, and incident to, the execution of the trusts hereby created, including a reasonable compensation to the said Walter W. Goff, as Assignee, and his successors for the time being used their services and counsel fees in and about the execution of said trusts, and all debts due the United States, the State of Rhode Island, any County, District or Municipality, and all debts due any person or persons for the wages of labor performed within six months previous to the execution of this Deed of Assignment not exceeding the sum of one hundred dollars to any one person.
With the residue the said party of the second part shall pay and discharge in full, all the debts, due or to become due, from the party of the first part, and if the assigned effects are insufficient to pay all such sums in full, then to pay the same pro rata as far as said assigned effects will permit.
Lastly, the said party of the second part shall return the surplus of the said net proceeds, if any there shall be, to the party of the first part, his executors, administrators, or assigns.
And for the better execution of these presents, and of the trusts hereby reposed, the said party of the first part hereby makes, constitutes and appoints the party of the second part, his true and lawful attorney, irrevocable, with power of substitution in my name, or otherwise as the case may require, to do and transact all matters and things in the premises as the said party of the second part or his substitutes shall deem necessary for the best interests of the creditors, and as fully and completely as the said party of the first part might or could do, were these presents not executed, and attorneys, one or more under him to make, constitute and appoint, with full power of substitution and revocation, hereby ratifying and confirming all
The page as recorded
