236 TIMBER BONDS 



for the redemption of any bond or bonds so 

 designated the Company and the Trustees may 

 be privileged to consider such bond or bonds 

 as paid and cancelled, and the Company shall 

 be under no further obligation to the holder or 

 holders of such bond or bonds; nor shall the 

 Trustees be further liable or under obligations 

 to such holder or holders except for the mon- 

 eys deposited in redemption of such bonds, to 

 be paid without interest upon their surrender. 



ARTICLE VII. 



Subject to the right of suspension or revo- 

 cation as provided in Article IX hereof and so 

 long as the Company shall not be in default in 

 the payment of any of the bonds or interest 

 coupons secured hereby, or in the payment of 

 taxes or other governmental assessments or 

 charges as provided in this mortgage, or in 

 the performance of any of the other covenants 

 herein contained on its part to be performed, 

 the Trustees shall and are hereby authorized 

 to release unto the Company and to permit the 

 Company to cut and remove free from the lien 

 of this mortgage, or deed of trust, any of the 

 timber shown on the ^'Estimated Stumpage 

 List" hereinafter referred to, and conveyed 

 hereby, or the timber on any or all of the lands 

 shown on said ''Estimated Stumpage List" 

 and conveyed hereby, which the Company may 

 select, when the Company shall have first paid 

 to the Corporation Trustee Five (5) Dollars 



