156 TIMBER BONDS 



deeds and mortgages in the Counties of Coos, 

 Curry, Douglas, Lane, Lincoln and Linn, State 

 of Oregon, (and on payment to said Trustees 

 of all charges and compensation to which they 

 shall at that time be entitled hereunder) shall 

 ipso facto, and without any further action, sub- 

 stitute such new Trustees in the place of the 

 Trustees herein named, or in place of any suc- 

 cessor Trustees, with all the rights, powers and 

 privileges granted to the said Trustees, under 

 this instrument, and no conveyance from the 

 old Trustees to the said Trustees thus appoint- 

 ed shall be necessary to convey the trust prem- 

 ises to such new Trustees, but the old Trustees 

 shall and will upon the request of such new 

 Trustees, execute any conveyance necessary or 

 proper in order to vest the said premises in 

 such new Trustees. 



The Corporation Trustee, with the written 

 concurrence of Lyon, Gary & Company shall 

 also have the right to remove Frederick H. 

 Eawson as a Trustee hereunder, and to ap- 

 point another person as Trustee in his place 

 and stead, by a writing signed and acknowl- 

 edged by both said Union Trust Company and 

 Lyon, Gary & Company, and such writing when 

 recorded in the proper offices for recording 

 deeds and mortgages in the counties above 

 named shall ipso facto and without further ac- 

 tion substitute such new Trustee in the place 

 of the said Frederick H. Rawson, with all the 

 rights, powers and privileges granted to the 



