[Transcript of agreement between lenders and the Republic of Texas outlining the repayment of loans with land, April 2, 1836] Page: 3 of 5

                                
property, and transferable ,s Scrip or rank Stock * may be
transferred .y the Laws of the Republic, or as set forth in
the contract for the Loan aforesaid, it is the intention of
the Executive, to give to the Executors, Administrators or Assigns
of Aliens, such powers to dispose of the Land aforesaid,
as shall prevent its being beyond the reach of purchasers at
any time; wherefore, it is understood, that the same shall
t;e sucject to sale in the same manner as goods and chattels
generally are; and when sold by the original proprietor, his
executor or administrator, the purchaser shall have all the
right under the assignment or transfer which the original
proprietor had.
The Deeds for L^nd bought of individuals, as herein before
set forth, shall be xtKaxtd: recorded in any designated Office
hereafter to be named by Congress: and in the meantime, when
the said transfers are recorded in other offices, a report
thereof shall be made to the Office of the Secretary of State,
and his acknowledgment of such report shall be necessary to make
said record valid: and in case the amount of the said one
hundred thousand Dollars shall be exceeded, in purchase of
individuals, to the amount of the overplus thereof, the same
shall be void, null, and of no effect.
The Scrip aforesaid shall be issued to the said contractors,
when prepared an- presented to them for signature, in a neat
and proper form, and after their signatures are affixed to
this agreement; or it shall be issued to those who shall at any
time have signed it, in the ratio of their interest in said