John R. Ray IV and Rochelle L. Ray - Page 5

                                        - 4 -                                         
         Both Mr. Ray and Ms. Bader testified under oath that they                    
         understood and agreed to the terms recited therein.  A transcript            
         of the March 13 arbitration was prepared and was filed with the              
         State court as “The Arbitration Agreement Statement of Facts                 
         Between Jennie Sophia Ray and John Robert Ray, IV March 13, 2002”            
         (arbitration agreement).  Under the arbitration agreement, Mr. Ray           
         agreed to pay to Ms. Bader the sum of $20,000 in alimony, payable            
         at the rate of $4,000 per month, beginning in April of 2002 and              
         terminating in August of 2002.                                               
              On April 22, 2002, the State court entered an Agreed Final              
         Decree of Divorce (divorce decree), dissolving the marriage of Mr.           
         Ray and Ms. Bader.  Consistent with the arbitration agreement,               
         section 1.2 of the divorce decree obligated Mr. Ray to pay a total           
         of $20,000 in alimony, to commence on April 1, 2002.  Section 1.2            
         of the divorce decree provides:                                              
              1.2 Terms, Conditions, and Contingencies                                
              Amount - JOHN ROBERT RAY, IV will pay to JENNIE SOPHIA                  
              RAY $4,000.00 per month as alimony.  These payments will                
              be payable beginning April 1, 2002, on or before the 1st                
              day of each month, beginning on the first such day after                
              the date of divorce in this case.                                       
              Term - The payments will end after the payment of                       
              $20,000.00 total, with the last payment being due on                    
              August 1, 2002, providing all payments have been made.                  











Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011