Non-sked DC-3 in fleet of three.
BILL OF SALE: For..the sum of $20,000…the transforee…is delivering to the Seller its purchase money Note for the unpaid portion of…and its Aircraft Chattel Mortgage, securing such Note, covering the property transferred herein.
TRANSLATION: Veterans’ Air Express Co has just leased from the War Assets Administrator property owned by the United States of America. They now owe $20,000, no payment scheduled mentioned, but likely covered in the NOTE. The “Surplus Property” in question is an Army C-47, Serial No. 19411. It will become civilian registered N86583.