238 TIMBER BONDS 



The Trustees shall keep a list of the numbers 

 of all bonds so used for the purpose of secur- 

 ing releases of portions of the timber and shall 

 indicate on each such bond that it has been so- 

 used, together with the date of such use. 



All money received by the Corporation Trus- 

 tee under this Article shall be used for the re- 

 tirement of bonds secured as provided in Arti- 

 cle VI hereof. 



The Company reserves the right to cut and 

 remove free from the lien hereof, without 

 paying therefor as above provided, the timber 

 from group No. on said Estimated Stump- 

 age List, the timber so cut and removed to 

 aggregate not more than two million feet. 



The Company may enter upon any land from 

 which the timber has been so released and may 

 conduct logging operations thereon as it may 

 desire ; and the Company may also, at its pleas- 

 ure, remove any logging railroad or other 

 property which it may place on such land. 



ARTICLE VIII. 



In case before the payment in full of all 

 the bonds hereby secured with interest thereon, 

 any timber hereby mortgaged or the timber on 

 any portion of the premises hereby mortgaged 

 (except as may have been theretofore released 

 under the provisions of this instrument) shall 

 be injured or damaged by the action of fire, 

 or by wind or the elements to an extent suf- 



