University of Virginia Library

FIFTH.

It is expressly understood and agreed that within six months
from date of delivery of same to said University, the said
Philip Percy Parrish will make sale of the twenty-seven (27)

shares of Covington Grocery Company stock and when such
sale is made the amount derived therefrom, which the said
Parrish guarantees shall not be less than One hundred and
forty Dollars ($140.00) per share net, shall be paid directly
to said University and credited by it upon the principal
amount of said Parrish's bond aforesaid. If sale of said
stock is not made by said Parrish within six months, as
above, then said University shall be at liberty to sell and
deliver, said stock, crediting the proceeds therefrom upon
said Parrish's bond as aforesaid.

The Oriskany bonds and the Masonic bonds above referred
to may be sold at any time by said University or collected
by it at maturity, and amounts so derived are also to be
credited upon said Parrish's bond as aforesaid. Oriskany
stock shall also be sold by said University and the proceeds
likewise applied as a credit upon said bond. And in case
of a sale. or sale, of said bonds, or any of them, or of said
stock, full authority is hereby vested in said University
to consummate the same at such price as it may see fit, and
make delivery of said bonds and stock to the purchaser.