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In 1807, Alexander Hume or M'Leod granted to Edward Howard a bond of annuity for L. 1000, during the life of persons still living, over his fee-simple estate of Harris, on which he was infeft. A similar bond had been granted to John Stewart.
On Hume's death in 1811, he was succeeded by his son, Alexander Norman M'Leod, to whom the estate was conveyed under the real burdens of provisions to Donald Hume M'Leod, and the other younger children, and by whom a bond of corroboration of these provisions was granted in 1812, on which they were infeft.
A. N. M'Leod then granted an ex facie absolute disposition of his estate of Harris to William Dallas, W. S. but which, it was admitted, was truly a voluntary trust.
In 1813, in order to redeem Howard's annuity, M'Leod and his trustee borrowed L. 10,000 from Mr Thomas Newte, granting to him a bond of annuity for L. 850 over Harris, on which he was infeft, and stipulating to assign in security of it part of Howard's original and preferable bond.
Howard, accordingly, on the receipt of L. 7500 from Mr Dallas, disponed and assigned absolutely, the bond of annuity, to Dallas, his heirs, and assignees; and he was infeft on the 10th April 1813.
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