Moses Milam Bond to Alexander Baine 12 JUN 1783

Digital Image of BEDFORD COUNTY JUDGEMENTS, Box 63, 1789

At the Records Center of the Library of Virginia, Bedford County Judgments Box 63 contains the original papers of a lawsuit: Alexander Baine versus Moses Milam from June 1783. Moses Milam owed an account balance of £ 20 and 2 pence to his neighbor, Alexander Baine, proprietor of Baine's Mill, possibly a mill for grinding grain ( grist mill ). Baine demanded payment which required Moses to sign a bond with a Security (link) who further guaranteed payment.

On 12 JUN 1783 Moses signed a bond to Alexander Baine for £ 40 and four Pence promising to pay the balance with interest within three months. The real incentive in these security bonds was that the penalty amount if not paid on time was double the £ 20 and 2 pence which Moses owed.

"Know all men by these presence that we Moses Milam and William Boyd are held and firmly bound unto Alexander Baine in the Just & full sum of Forty pounds & four pence Good and Lawful money of Virginia to which payment will & truly to be made unto the said Alexander Baine, his Heirs, Executors Administrators or assignees; we bind our selves Jointly and Severally our Joint & Several Heirs, Exercutors and Administrators firmly by these presence. Sealed with our Seals this Twelfth day of June 1783.

"The Condition of the above obligation is such that whereas the above bound Moses Milam hath Sundry Goods under Execution to Satisfy Alexander Baine of Twenty pounds and two pence current money of Virginia. Now if the said Moses Milam do pay the same within three months from the date hereof with legal Interest thereon then the above Obligation void else to remain in full force & Virtue. Signed sealed and delivered in the presence of Lynch {Clerk of Court} "

Signed at bottom right: Moses Milam, William Boyd

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