140 TIMBER BONDS 



and Lyon, Gary & Company, and if the right 

 is exercised, the same shall remain in effect 

 imtil some satisfactory settlement of such liti- 

 gation, or until other arrangement is made 

 with reference thereto, which is satisfactory to 

 them in their discretion. 



The proceeds of the sale of any portion of 

 the property covered hereby (that is the gross 

 amount of sale less reasonable commissions 

 and expense connected with such sale) shall be 

 paid and turned over to the Corporation Trus- 

 tee, and shall be treated by the Trustees in like 

 manner and used by them for the same purpose 

 as are the pajTuents provided for in Articles 

 VII and XI hereof. 



Neither the Trustees nor Lyon, Gary & Com- 

 pany, shall be under any liability for anything 

 done (or omitted to be done) by them respect- 

 ively in good faith hereunder. 



ARTICLE XIIL 



All moneys which may be received as com- 

 pensation for any property or right of the 

 Company which ma}^ be taken by the exercise 

 of the power of eminent domain or expropria- 

 tion shall be paid to the Trustees and used for 

 the retirement of bonds secured herein in ac- 

 cordance with Article VII hereof, — excepting 

 that if such condemnation or expropriation 

 proceedings shall be defended by the Company, 

 its reasonable expenses and attorney's fees in 



