TRUST DEEDS 122 



books of the Corporation Trustee, at its office 

 in the City of Chicago, Illinois, such registry 

 being noted on the bond by said Registrar, after 

 which only such registered holder, or the legal 

 representative of such holder, shall be entitled 

 to receive the principal thereof; and no trans- 

 fer shall be valid unless made on said Corpora- 

 tion Trustee's books by the registered holder 

 of the bond in person or by the legal repre- 

 sentative of such holder and similarly noted on 

 the bond ; but the bond may be discharged from 

 registry by registration to bearer, after which 

 it shall be transferable by delivery. It may be 

 registered again, however, in the manner above 

 provided. 



The registry of any bond shall not impair the 

 negotiability of the coupons, but the same shall 

 continue to be transferable by delivery not- 

 withstanding such registration. 



ARTICLE IV. 



Linn and Lane Timber Company agrees and 

 covenants that it will duly and punctually pay, 

 or cause to be paid, to every holder of any bond 

 issued hereunder, and secured hereby, the prin- 

 cipal and interest accrued thereon, all in gold 

 coin of the United States of America of the 

 standard of weight and fineness existing on the 

 sixth day of June, 1910, notwithstanding anj'' 

 law which may now or hereafter make any- 

 thing else a legal tender in payment of debts, 



