TRUST DEEDS 121 



the President of the Compauy or to such per- 

 son or persons as the Board of Directors of 

 the Company by its resolution may designate. 



Upon certifying or delivering any bond under 

 this mortgage or deed of trust all coupons 

 thereon then matured shall be detached and 

 cancelled by the Corporation Trustee and by 

 the Corporation Trustee delivered to the Com- 

 pany. 



In case the officers who shall have signed and 

 sealed any of the bonds aforesaid shall cease to 

 be such officers of the Company before the 

 bonds so signed and sealed shall have been 

 actually certified and delivered by the Corpora- 

 tion Trustee, or issued, such bonds may never- 

 theless be issued, certified and delivered as 

 though the persons who had signed and sealed 

 such bonds had not ceased to be officers of said 

 Company. 



Interest coupons shall be authenticated by 

 the engraved fac-simile signature of the present 

 Treasurer of the Company, and the Company 

 may adopt and use said coupons, notwithstand- 

 ing the fact that the present Treasurer may 

 have ceased to hold such office at the time when 

 said bonds, or some portion thereof, shall be 

 actually certified and delivered. 



The Trustee shall not be bound to see to the 

 application, use or disposition of any of the 

 bonds secured hereby, or of the proceeds 

 thereof. 



