134 TIMBER BONDS 



of principal paid as a consideration for re- 

 leases. 



In the event that the Company shall acquire 

 and deliver bonds to the Trustees, as provided 

 in Paragraph (b) above, the Trustees shall 

 cancel the said bonds and coupons attached 

 thereto so delivered and forming the considera- 

 tion or part of the consideration for such re- 

 leases. 



In this latter case the Trustees shall keep 

 a list of the numbers of all Bonds so used for 

 the purpose of securing releases of portions 

 of the timber and shall indicate on each such 

 Bond that it has been so used, — together with 

 the date of such use. 



All money received by the Corporation Trus- 

 tee under this Article shall be used for the re- 

 tirement of Bonds secured hereby as provided 

 in Article VII hereof. 



The Company may enter upon any land from 

 which the timber has been so released and may 

 conduct logging operations thereon as it may 

 desire ; and the Company may also, at its pleas- 

 ure, remove any logging railroad or other prop- 

 erty which it may place on such land. 



The Company covenants that it will keep 

 proper books of record and account showing 

 full, true and perfect entries of all dealings or 

 transactions of or in relation to the plants, 

 properties, business and affairs of the Com- 

 pany, and which shall at all times be open to 

 the inspection of the Trustees or either of them, 



