UTSA James Morgan Papers

Extract from processing of Meeting held 15th Oct. 1835

Resolution 13th Resolved, on motion, that, Mr James Morgan's proposals to sell to the association his entire individual interests in Texas both real and personal, or any part thereof, that the association think proper to purchase be together with the Schedule of same submitted to Stephen Sicard John P Austin, James Treat as a committee to confer, consider & report thereon, at the next meeting

-Extract from Meeting held Oct 17th

The Committee appointed at the last meeting to consider & report to the present meeting their opinion of the proposition, made to the association by James Morgan to sell all his property in Texas to the association, presented their written report which was read & Submitted to the meeting for their considera tion, after considerable discussion it was on Motion Resolved, that the association purchase all the property held by the Said James Morgan in Texas (Independent of his interests in this association) and contained in his Proposals & Schedule thereto annexed and in the Report of the Committee in the Sum of Eight Thousand Dollars Say:________________________________$ 8,000 on the following conditions to wit:

The Said Morgan Guaranteed a good & perfect Title of the two leagues of Land, and the two town lots mentioned in his Schedule, and is to receive from the Association, the Said consideration of Eight__ Thousand Dollars at any time the same or any part thereof may be tendered to him by the Association previous to the 1st day of November 1841 on which day he shall have a right to demand the said amount, or any part thereof which may then remain unpaid, subject to the payment of 7 % of ac. interest per annum, on said Sum.