CONTRACT TO DELIVER BONDS 49 



gage and releasing list, trustees' fees, recording fees and 

 other incidental expenses. 



(13) That so soon as the said bonds are properly ex- 

 ecuted and ready for delivery, they shall be placed In the 

 hands of the Bank, with instructions to de- 

 liver said bonds to us upon the payment of . . % of the par 

 value of the principal thereof plus accrued interest. 



(14) Subject to all the above agrees; 



(a) That if upon investigation they are satisfied of the 

 correctness of the above representations with ref- 

 erence to the amount and value of the properties men- 

 tioned and the title thereto; 



(b) That the Mortgagor and Guarantor are in satisfac- 

 tory financial condition; 



(c) That the Bonds of the character and with the se- 

 curity above proposed are in their opinion market- 

 able; 



(d) That the investigation of the title and timber and 

 the preparation of the bonds and mortgage have at 

 that time been completed to their satisfaction that 



they will purchase said Bonds on or so 



soon thereafter as they may be ready for delivery at 

 . . % of the par value of the principal thereof plus 

 accrued interest; 



(15) Should this contract not be carried out on account 

 of failure of title or failure of the timber estimator to find 



the amount and value of timber satisfactory to 



or incorrect representations in any of the preceding por- 

 tion hereof, you are to reimburse us (and by accepting this 

 contract you so agree) for all expenses of every kind in- 

 curred by us in this connection up to that time. 



This proposition is subject to prompt acceptance and if 

 accepted it will constitute a contract between us. 



Yours truly. 



Accepted : 



FORM NO. 2. 

 Gentlemen: — 



We agree to sell you an issue of First Mortgage Bonds 



in the amount of dollars secured by a trust 



deed upon the timber and land now owned or held in the 

 name of also on the logging equip- 

 ment, railroads, mills and other properties of the company. 



Under the Trust Deed there will be about acres 



of land and timber, containing approximately 



