130 TIMBER BONDS 



and maintain such system of fire protection 

 either on its own account or jointly or in as- 

 sociation with other land owners as shall from 

 time to time be prescribed by the Trustees with 

 the approval of Lyon, Gary & Company, an 

 Illinois Corporation, provided, however, that 

 the Company shall not be obligated to observe 

 and perform the requirements so prescribed by 

 said Trustees, approved as aforesaid, to an 

 extent which will involve in any one year the 

 expenditure by the Company of an amount of 

 money in excess of three thousand dollars. 



AETICLE VI. 



In order to prevent any accumulation of 

 bonds or coupons after their maturity, the 

 Company covenants and agrees that it will not 

 directly or indirectly extend or assent to the 

 extension of the time for payment of any of the 

 bonds or of any coupons of any of the bonds 

 secured hereby, by purchase or funding of 

 such bonds or coupons or by any other ar- 

 rangement. In case the time for payment of 

 any such bond or coupon shall be so extended, 

 whether or not such extension be with or by 

 the consent of the Company, such bond or cou- 

 pon shall not be entitled, in case of any default 

 hereunder, to the benefit or security of this 

 mortgage, except subject to the prior pajonent 

 in full of the principal of all bonds issued here- 

 under then outstanding, and of all matured 



