TRUST DEEDS 227 



under, and every such certificate of said Cor- 

 poration Trustee upon any bond executed in 

 behalf of the Company shall be the only and 

 conclusive evidence that the bond so certified 

 has been duly issued hereunder and is entitled 

 to the benefit of the trust hereby created and no 

 holder of any bond issued hereunder which 

 shall be so certified by said Corporation Trus- 

 tee shall be under the duty to ascertain whether 

 the same shall have been duly issued, certified 

 or delivered, according to the provisions hereof. 



The entire issue of said bonds shall be exe- 

 cuted by the Company and at once certified and 

 delivered by said Corporation Trustee to the 

 President of the Company or to such person 

 or persons as the Board of Directors of the 

 Company by its resolution may designate. 



Upon certifying or delivering any bond un- 

 der this mortgage or deed of trust all coupons 

 thereon then matured shall be detached and 

 cancelled by the Corporation Trustee and de- 

 livered to the Company. 



In case the officers who shall have signed 

 and sealed any of the bonds aforesaid shall 

 cease to be such officers of the Company before 

 the bonds so signed and sealed shall have been 

 actually certified and delivered by the Corpora- 

 tion Trustee, or issued, such bonds may never- 

 theless be issued, certified and delivered as 

 though the persons who had signed and sealed 

 such bonds had not ceased to be officers of said 

 Company. 



