TRUST DEEDS 151 



bonds and interest coupons secured hereby 

 without preference of bonds over coupons or 

 coupons over bonds, subject however, to the 

 provisions of Article VI hereof; but only cou- 

 pons that have matured and the earned portion 

 of those next maturing shall be entitled to par- 

 ticipate in such proceeds; and, 



Third, the balance, if any there be, shall be 

 paid to the Company or its order. 



ARTICLE XXIII. 



No delay or omission of the Trustees, or of 

 any holder of bonds hereby secured, to exer- 

 cise any right of power accruing upon any de- 

 fault, shall impair any such right or power, 

 or shall be construed to be a waiver of any such 

 default, or an acquiescence therein; and every 

 such power and remedy given by this instru- 

 ment to the Trustees, or to the bondholders, 

 may be exercised from time to time and as 

 often as may be deemed expedient, by the 

 Trustees or by the bondholders. 



ARTICLE XXIV. 



Except as may be herein expressly provided 

 to the contrary, no right or remedy herein con- 

 ferred upon or reserved to the Trustees shall 

 be or is intended to be exclusive of any other 

 right or remedy, but every such right or reme- 

 dy herein provided shall be cumulative, and 



