Secondly, You are not to sell any Rents unto any Person or Persons, until he or they have paid all Arrears of Rents, due for the Lands, out of which those Rents are reserved, or issue. Thirdly, you are not to sell any Rents at a less Price than Twenty Years Purchase, of the full Yearly Value of those Rents, and not to reserve less than One Half-penny per Annum, annual Rent upon every Landholder, to whom you sell off his Quit-Rents. Fourthly. You are not to execute any Grant, Conveyance or Release of any Rent or Rents, until you have made contracts for at least One Hundred Thirty three Pounds Sterling, Yearly Value of the said Quit-Rents; and therefore in all Contracts you are to take care to insert, a Clause for making void your Contracts, unless you can sell the Value abovementioned, of the said Rents before the first Day of April, 1699. Fifthly. Upon the Payment of any Money's to our Receiver, according to our Directions in the Deed above Written, you are to take from him a Note, acknowledging his receipt therefor for the use of the Proprietors of East New-Jersey aforesaid; And upon the delivery to such Receiver of any Securities for Money, which you shall take in his Name, you are to take from him a Declaration under his Hand and Seal, that such Securities are taken in his Name, in Trust for the said Proprietors; which said Notes and Declarations of Trust, you shall from Time to Time, deliver to the Secretary and Register of the said Province, or his Deputy to be safely kept among the Records of the Province. Sixthly. After the Sale of the Value of One Hundred Thirty three Pounds per Annum, or more of the said Rents, you are to take from the Register Book of the said Province, a true and exact List or Certificate to be sign'd by the Deputy, Secretary and Register, of the Names of the Proprietors, and Sharers in Proprieties of the said Province, and of their respective Proportions therein, as they are entered in the said Books, and in one Column of the said List, you are to set down the Proportion of Purchase Money, raised and secured by such sale, which every Proprietor, or Share in Proprieties, are intitled to, and then you are to deliver the said List or Certificate to such Person as we shall appoint to be our Receiver of the said Money and Securities. Seventhly. You are to use your utmost endeavour to procure an Act of the General Assembly, to be passed for confirming to the Purchasers of the said Rents, their respective Purchases, and for indemnifying them, from the Demands of any Proprietors, or Sharers in Proprieties. who are no Parties, executing the said Deed above Written, or who may descent to such Sale; as also for the securing of the Money to be paid to such Persons aforesaid, according to their respective Shares and Portions, for which end Instructions shall be sent to our Governor of the said Province, for assenting to such Law. A. Campbell, A. Campbell, Seal. Thomas Barker, Seal. Seal. Walter Benthall, Seal. Joseph Wright, junr. Walter Riddle, Seal. Joseph Ormston, Seal. David Lyell, Seal. Thomas Gordon, Seal. Joseph Ormston, Attorney for Frances Hancock, Widow of Arent Sonmans, Seal. Joseph Ormston, for Charles Ormston, Seal. William Dockwra, Seal. Thomas Cooper, Seal. Thomas Hart, Seal. Thomas Hart, Seal. Peter Sonmans, Seal. John Burnett, Seal, for my Father Robert Burnett. Thomas Foulerton, Seal. Clement Plumstead, Gilbert Molleson At Thomas Gordon, torney for Robert Barclay, Seal. MEMORANDUM, the publick Seal of the Province of West New Jersey, was affixed to this Writing by Sir Thomas Lane, Knt. Paul Dockminique, Esq; John Bridges, Thomas Skinner, Esq; Robert Mitchell Mer chant, (the Persons impowered by the Society of West New-Jersey) to strengthen and confirm the particular Act and Deed of the abovenamed Persons, and to no other Intent or Purpose whatsoever. Thomas Lane, Paul Dockminique, John Moore, William Hammond, Francis Minhsall, Obadiah Burnett, John Bridges being a Committee of the West New Jersey Society. Authority from the Proprietors of East and West' Jersey to Rip Van Dam, to receive from George Willocks or John Reid the amounts collected for Arrears of Quit Rents. [From the Original in the Library of the New Jersey Historical Society.] [Endorsed] The Proprietors to Rip Van Dam ton of London Merchants and Others whose Names are hereinunto subscribed and seales affixed, Proprie 1 Although not mentioned in the body of the Instrument, the West New Jersey Committee, as will be seen, signed it, as they had signed the authority to George Willocks.-ED. tors of the Province of EAST NEW JERSEY in America of the one Part & RIP VAN DAM Merchant of the City of NEW YORK in America of the other Part. WHEREAs the said Proprietors by an Instrument as well under their hands & seales as under the Common Seale of the Province has Com'issionated & impowered GEORGE WILLOKES of the Province of East New Jersey Gentleman & in case of his Death John Reid of the same Province Gent. to Adjust and get in their Arrears of Quitt Rents now Due and growing Due to the Proprietors from the Planters, or others holding Lands within the said Province, and likewise to sell & Dispose of, the said Rents to the said Planters and Land holders, and to pay the Moneyes he or they shall so Receive and Raise in Specie unto the hands of such Person whom the said Proprietors shall appoint to be their Receiver thereof and to take Securities for such Moneyes as he or they shall give Creditt to any such Planter or Landholder in the Name of such Receiver and to deliver the same to him in Trust for all the Proprietors, or Sharers in Proprieties of the said Province who are or shall be intituled to the same in Proportion to their respective Interests therein. AND WHEREAS the said Proprietors amongst other their Instructions to the said George Willokes and John Reid have for the better Direction of such Receiver how and to whom to dispose of such Moneyes he shall Receive Order'd them to take out a Certificate from the Deputy Secretary and Register of the said Province (for the time being) an Exact Lyst of all the Proprietors and Sharers in Proprietyes, and of the Respective Proportions of Proprietyes, and deliver the same to such Receiver, and also a perticular Certificate from the Secretary and [Register to be taken out by Each Proprietor and Sharer in Proprietyes to be produced as a Testimony of their tytle and Shares Now [. These Presents that the said Proprietors above named HAUE Constituted and Appointed and by these presents DOE Constitute [and App]oint the said Rip Van Dam their Receiver to take and Receive from the said George Willokes or John Reid all such Moneys as they shall Respectively Pay upon the Accompt aforesaid or either of them AND DOE hereby Order that all the securitys for such Moneyes to be taken by the said George Willokes or John Reid aforesaid shall be taken in the Name of the said Rip Van Dam & Delivered to him upon the Trusts nevertheless and under the lymitations and Provisions hereid after Expressed: That is to say upon Trust that the said Rip Van Dam shall from time to time as he shall Receive any such Moneyes give his Note to the said George Willokes [or to John] Reid in case of the Death of the said George Willokes for the same acknowledging his Receipt thereof for the Use of the Proprieties [of East] New Jersey aforesaid and shall also from time to time signe a Declaration under his Hand and Seal that the securityes taken in his Name by the said George Willokes or John Reid upon the Accompts aforesaid or either of them are so taken in Trust for the said Proprietors and shall also permitt and suffer the said Proprietors at their owne costs and charges to put all or any of the said Securityes in suite in the Name or Names of the said Rip Van Dam his Heires, Exec? or Administrators (as the case shall require) for Recovery of the Moneys intended to be secured thereby the said Proprietors Indemnifying the said Rip Van Dam his heires Executors and Administrators from all Dammages that may Accrue to him or them thereby, AND the said Proprietors Partyes to these Presents DOE hereby Authorize and Direct the said Rip Van Dam his Executors and Administrators to pay out of the Moneyes which he shall Receive for Arrears of Rents such Debts of the said Proprietors as they shall by any Order under the seale of the said Province appoint to be paid Observing such course in |