230 TIMBER BONDS 



AETICLE IV. 



Southern Timber Company agrees and cove- 

 nants that it will duly and punctually pay, or 

 cause to be paid, to every holder of any bond 

 issued hereunder, and secured hereby, the 

 principal and interest accrued thereon, all in 

 gold coin of the United States of America of 

 the standard of weight and fineness existing 

 on the nineteenth day of November, 1910, not- 

 withstanding any law which may now or here- 

 after make anything else a legal tender in pay- 

 ment of debts, at the dates and place, and in the 

 manner mentioned in said bonds or in the cou- 

 pons thereto appertaining, according to the 

 true intent and meaning thereof, and without 

 deduction from either the principal or interest 

 for any tax, or taxes, or assessments, or other 

 governmental charges which may be imposed 

 thereon, or which the Company may be requir- 

 ed or permitted to pay or to deduct or retain 

 therefrom under or by reason of any present 

 or future law of the United States, or of any 

 State, county or municipality thereunder. 



However, the interest on said bonds shall be 

 payable only upon the presentation and sur- 

 render of the respective coupons annexed to 

 said bonds, as such coupons respectively ma- 

 ture and when and as paid all the coupons shall 

 forthwith be cancelled and delivered to the 

 Company. 



And the Company agrees promptly, and in 



