This section is from the book "Business Law - Case Method", by William Kixmiller, William H. Spencer. See also: Business Law: Text and Cases.
KNOW ALL MEN BY THESE PRESENTS, That the Crane Canning Company, a corporation organized under and by virtue of the laws of the State of Illinois, duly authorized and empowered hereto by proper resolution of its board of directors, for the consideration of the sum of $5,000, paid and to be paid by John Doe, as follows, to-wit: $1,000 cash in hand (the receipt of which is hereby acknowledged), and the remainder in two notes of $2,000 each of even date with this deed, payable to the order of the Crane Canning Company at the First National Bank, Chicago, Illinois, bearing interest from date until paid, at the rate of 6 per cent per annum, do hereby grant, bargain, and sell unto the said John Doe, and unto his heirs and assigns forever, the following lands lying in the County of Cook, and State of Illinois, to-wit: (describe real estate).
TO HAVE AND TO HOLD the same unto the said John Doe and unto his heirs and assigns forever, with all appurtenances thereunto belonging.
AND said grantor hereby covenants with the said John Doe that it will forever warrant and defend the title to said lands against all claims whatever, and that said lands are free from all liens and incumbrances. It being herein expressly understood that a lien is hereby retained upon said lot or parcel of land to secure payment of residue of the purchase money hereinbefore mentioned.
IN TESTIMONY WHEREOF, The name of the grantor is hereunto affixed by its president and its seal affixed by its secretary, this fifteenth day of January, nineteen hundred and fifteen.
(Official Signature of Corporation, with Seal.)
State of Illinois, County of Cook. ss.
BE IT REMEMBERED, That on this day came before me, an acting and duly commissioned notary public within and for the county and state aforesaid, Arthur Brown and Walter Brown, to me personally known, and known to be the president and secretary of said the Crane Canning Company, and acknowledged that they had executed the foregoing deed for the consideration and purposes therein contained and set forth, and as the act and deed of said corporation.
WITNESS my hand and seal as such notary public this fifteenth day of January, nineteen hundred and fifteen.
(Official Signature and Seal.)
 
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