122 TIMBER BONDS 



ARTICLE II. 



In case any bond issued under this instru- 

 ment or the coupons thereto appertaining, shall 

 become mutilated, lost or destroyed, the Com- 

 pany in its discretion may issue and thereupon 

 the Corporation Trustee shall certify and de- 

 liver a new bond of like date, tenor and amount, 

 bearing the same number as the one mutilated, 

 lost or destroyed, in exchange for and in place 

 of and upon the cancellation of the mutilated 

 bond or coupons, or in lieu of and substitution 

 for the same, if lost or destroyed. In such 

 ease the applicant for such new or substituted 

 bond shall bear the expense of furnishing the 

 same. 



The Company shall not be required to issue 

 nor the Corporation Trustee to certify a new 

 bond in lieu of any bond alleged to have been 

 lost or destroyed unless the applicant for such 

 new bond shall first furnish evidence of such 

 loss or destruction, and indemnity against its 

 subsequent presentation as an obligation of the 

 Company, which evidence and indemnity shall 

 be satisfactory to both the Company and the 

 Corporation Trustee, in their discretion. 



ARTICLE III. 



Any bond secured hereby shall pass by de- 

 livery unless registered, but it may be regis- 

 tered as to principal in the holder's name on the 



