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or eae en ee 7? = - we ilies hae 2 : ' os me tae een ee reared we kay ried ore ert wo tg “4 Liusait eatliad We: Se my me te BI hee em eats o Ca BN ge teed coat cet Oy rs tas TaN ae hae ae! We NY 46-2507 transfer. No mortgages existed on either vessel at the time of the contract sale date. In the Contract of Sale, the buyer agreed to take delivery of title to the vessels although either or both of them were. damaged or in need of repair at closing time as long as the damage to either of the vessels did net constitute an actual or constructive total loss. The buyer further agreed to pay any sales tax and also warranted, "That he is and will be a United States citizen as defined in Section 2 of the Shipping Act of 1916 as amended." The Contract of Sale also set forth that the seller sold, assigned, and transferred all of his rights to the Compagnie Francaise de Raffinage of Paris cherter to the buyer. The buyer also agreed to perform the charter. The risk involved by the buyer in assuming the charter was pre- viously set forth. This Cont~ect of Sale was signed by “Mr- FALLON as Vice~President of Urion Suliur Company, Incorporated, and R. L. BERENSON as Pr:sident of Pacific Tankers, Incorporated. In-addition, R. L. BE.FKSON signed as Presiden; of USPC and guaranteed the performance of the contract by Pacific Tankers, _Incorporatod. a . _ A brokerage fee of $1.3, 537.50, representing a two and one-half per cent comnission, was paid on August 3, 1949, by Union Sulfur Company, Incorporated, to SSY. The officers and directors of Union Sulfur Company, Incorporated, on the date of sales are as follows; Officers HERMAN F,. WHITON, President FRANK B. MARKLE, Vico-Presidcnt _ MAXWELL L. EUWER, Assistant Vice-Presidont ARTHUR R. FALLON, Vice-President and Assistant Treasurer : DANIEL B. LOVEJOY, Secretary and Treasurer +