TRUST DEEDS 239 



ficient iu tlie opinion of the Trustees or of 

 Lyon, Gary & Company, to appreciably affect 

 the value of the same as security for the pay- 

 ment of the bonds and coupons then outstand- 

 ing, the Company shall within ninety days after 

 the extent of such loss shall be determined, 

 pay to the Corporation Trustee for the benefit 

 of the bondholders the sum of Five (5) Dol- 

 lars per thousand feet stumpage on the timber 

 so injured or damaged, the land description on 

 which the timber has been injured or damaged 

 being ascertained by investigation under di- 

 rection of the Trustees, and the amount of tim- 

 ber thereon, on which the payments of Five (5) 

 Dollars per thousand^ feet shall be made as 

 above expressed, being determined by the esti- 

 mates made by a cruiser to be selected by the 

 Trustees with the written approval of said 

 Lyon, Gary & Company, the expense of ascer- 

 taining such land description and the amount of 

 timber so damaged, to be borne by the Compa- 

 ny and to be a charge against the property 

 herein described, and secured by this mort- 



gage. 



AETICLE IX. 



While the Company shall not be in default 

 in the performance of any of the covenants in 

 this instrument contained, it may from time to 

 time, subject to the conditions hereinafter stat- 

 ed, sell free from the lien of this instrument 

 any of the property hereunder mortgaged, upon 



