TRUST DEEDS 165 



iu all things be deemed and treated as an Ore- 

 gon contract entered into l)etween the parties 

 hereto and the pnrchaser or holders of all or 

 any portion of tlie bonds issued hereunder, and 

 shall be governed by the laws of the said State 

 of Oregon, to the same effect as if this contract 

 had been executed in that State, and all the ne- 

 gotiations above described, occurring both be- 

 fore and after the execution of this instrument 

 (instead of but a portion of them) had been 

 had in that State. 



And each Article of this instrument is hereby 

 declared to be and shall be held to be a separ- 

 ate and independent clause thereof. 



ARTICLE XXXV. 



Union Trust Company, and Frederick H. 

 Rawson, hereby accept the trusts herein and 

 hereby declared and created, and agree to per- 

 form the same upon the terms and conditions 

 hereinbefore set forth. 



ARTICLE XXXVI. 



For convenience in recordation this instru- 

 ment is executed in six counterparts, each of 

 which shall for all purposes be considered and 

 treated as an original. 



In witness whekeof, the said Linn and Lane 

 Timber Company; the said C. A. Smith Lum- 

 ber AND Manufacturing Company, and the said 

 Union Trust Company, have caused this in- 

 strument to be executed in their corporate 



