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F R P R IN T 3421 Circular No. 31 F E D E R A L R E S E R V E Series of 1920 B A N K OF DALLAS Dallas, Texas, August 17, 1920. CH A N G E IN OUR CHATTEL MORTGAGE FORM TO THE BANK AD DRESSED: Your attention is invited to the enclosed chattel mortgage form, which is a revision of the form prepared by us about four years ago and now in use throughout the district. Owing to a recent opinion of our Counsel, the old form is not satisfactory to us. W e have accordingly made certain necessary changes in its wording, these being incorpo rated in the subject matter of the specimen enclosed. Chattel mortgage notes offered to us in the future should be supported by mortgages drawn either on this revised form or on blanks which conform thereto in every essential particular. In order that banks which have purchased these forms from us may be inconvenienced as little as possible in the matter, we will be very glad to exchange a like quantity of the new forms for any of the old mortgages which may be in their possession when this letter is received. These exchanges will be made free of charge, and with postage paid by us both ways, provided the old forms are not sent to us by first class mail. Please let us urge you to send in without delay all of the old mortgage blanks which you may now hold. If this is done, much confusion and unnecessary delay will be avoided in the handling of offerings containing chattel mortgage paper. Those banks which may not have purchased the forms from us in the past, and those who may desire to increase their present supply, may obtain the mortgages, in any quantity desired, at the very nominal price of 66 cents per hundred, plus post age, by addressing the Supplies Division, Office Service Department, Federal Reserve Bank of Dallas. This same department is to be addressed in requesting the exchange of old forms for new. Please let this matter have the prompt personal attention of some officer of your bank, in order that no confusion, and consequent hindrance of the prompt service which it is our desire to give you at all times, may be caused by using the old forms through mistake. Respectfully, Governor. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) p lied w i t h ; an d said M o r t g a g o r h ereb y by v ir tu e h ereo f. r a t ifie s an d c o n fir m s any an d a ll acts o f th e said B a n k , its o ffic e r s , a g e n ts, a tto r n e y s, done u n d er and E r a su r e s an d in te rlin e a tio n s m ad e an d ap p rov ed b e fo r e s ig n in g . W it n e s s ........................................h a n d ..........th is th e ...................................................day o f ..................................................................................A . E x ec u te d an d delivered in th e presen ce o f the u n d ersign ed : D. 1 9 ................ ....................................................................................................................................................................... T he State of COUNTY OF BEFORE ME, in an d said C o u n ty an d S ta te , on this day p e r so n a lly ap peared .. k n o w n to m e to be the p e r so n .............. w h o se n a m e ................................... su bscrib ed t o ex ecu ted th e sa m e G IV E N f o r th e p u rp oses UNDER (L . MY HAND an d AND c on sid eration s th e re in SEAL fo r AT O F F IC E , the f o r e g o in g in str u m e n t, and ac k n o w le d g e d to m e th a t ...............he.. ex pressed . T h is ................... ...................... d ay S .) of ...................................................................................................... A . D. 19.. ............................................................................................................................................................................ 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County, ...................................... , hereinafter called the Mortgagor, in consideration of the sum of One Dollar to me in hand paid by................................................................................................................................. . a corporation hereinafter called Bank, and for other valuable considerations, receipt of which is hereby acknowledged, have bargained, sold and conveyed, and by these presents bargain, sell and convey unto said Bank, its successors and assigns, the follow ing described personal property, now located and situated in the County of.............................., State of.........................., to-wit: ( I f m o r t g a g e covers cro p s, s ta te the k in d , an d th e a p p r o x im a te n u m b e r o f a cres o f e a c h .) (F u lly d escribe a ll liv e sto c k , g iv in g the n u m b e r, k in d , a g e an d b r a n d .) to g e th e r w ith a ll th e in crea se o f, fr o m an d to , th e ab ove described p r o p e r ty , p r io r to the fu ll p a y m e n t o f th e in debted n ess h e r e in a fte r r efe rre d to. A ls o a ll oth er c a ttle , sh eep , h ogs, h orses o r other liv e stock situ a ted in said C ou n ty a fo r e sa id n o w ow n ed , o r th a t m a y be h e r e a fte r acq u ired , by said M o r tg a g o r , u n til th is m o r tg a g e is released in f u ll, sa v e an d e x c e p t su ch live stock as m a y be h erein esp e c ia lly reserved . T O H A V E A N D T O H O L D a ll an d s in g u la r th e ab ove described p r o p e r ty u n to said B a n k , its su ccessors an d a ssig n s, fo r e v e r . A n d I do h ereb y b in d m y s e lf, m y h eirs, e x ec u to rs a n d a d m in istr a to r s to W a r r a n t an d F o r e v er D e fe n d the title to said p ro p e rty , an d ev ery p a r t th e re o f, u nto said B a n k , its su ccessors an d a s s ig n s , a g a in s t ev ery p erson , w h o m so ev e r, la w fu lly c la im in g or to c la im th e sa m e , or a n y p a r t th e re o f. T h is con v e y a n c e, h ow ever, due an d o w in g m e , ev id en ced is in tend ed as a M o rtg a g e to secu re sa id B a n k , its su ccessors an d a ssig n s, in th e p a y m e n t o f c erta in indebtedness by. c erta in p r o m isso r y One n ote dated. due.............................................................................................................. fo r $. One n ote dated. d u e................................................... fo r $. One n ote dated. due.............................................................................................................. fo r $. n o te ......... , as fo llo w s :
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