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[Download] "Elmonte Inv. Co. V. Schafer Bros. Logging Co." by Supreme Court of Washington * eBook PDF Kindle ePub Free

Elmonte Inv. Co. V. Schafer Bros. Logging Co.

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eBook details

  • Title: Elmonte Inv. Co. V. Schafer Bros. Logging Co.
  • Author : Supreme Court of Washington
  • Release Date : January 11, 1937
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 80 KB

Description

In January, 1925, C. H. Clemons and wife sold the Wynooche Timber Company all the merchantable timber upon a tract of land owned by them in Grays Harbor county. Under the terms of that contract the timber company was given 7 years in which to remove the timber. On September 30, 1927, Clemons and wife executed a mortgage to the Elmonte Investment Company, a domestic corporation, to secure payment on or before September 30, 1930, of the mortgagors' note to the mortgagee. In November, 1930, at which time the note just described was past due and no timber had been removed from the land in question, Clemons and wife, for a consideration of $1,500, entered into an agreement with the Schafer Bros. Logging Company, successor in interest of the Wynooche Timber Company, under which the time for removal of the timber was extended from January 10, 1932, to January 10, 1942.


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