240 TIMBER BONDS 



the payment in cash of snch sum or sums of 

 money as the Company, the Trustees and Lyon, 

 Gary & Company may agree upon; provided 

 that if timber is sold it shall not be at a less 

 price than five (5) dollars per thousand feet 

 stumpage, and if land shall be sold it shall not 

 be sold at a less price than five (5) dollars 

 per thousand feet for the timber that may be 

 thereon. 



Either the Trustees or Lyon, Gary & Com- 

 pany may in their discretion cause such in- 

 vestigation to be made either of the amount 

 of timber on the property proposed to be sold 

 or of the desirability of permitting or approv- 

 ing of any proposed sale or sales of the proper 

 ty or any part thereof as they may see fit, the 

 expense of which investigation shall be paid 

 by the Company. The Trustees shall execute 

 such instrument as may be necessary to release 

 from the lien of this mortgage any property 

 sold according to the provisions of this Article. 



And always further provided, however, that 

 the right of the Company to sell the land or 

 any portion of the same, or the timber or any 

 portion of the same as is in this Article pro- 

 vided, may be suspended or revoked by the 

 Trustees with the concurrence of Lyon, Gary 

 & Company, in case of litigation arising over 

 or affecting or involving questions affecting or 

 which may affect the title to as much as 500 

 acres of the land embraced herein, or the tim- 

 ber on as much as 500 acres; said suspension 



