TRUST DEEDS 241 



or revocation being optional with the Trustees 

 and Lyon, Gary & Company, and if the right 

 is exercised, the same shall remain in effect 

 until some satisfactory settlement of such liti- 

 gation, or until other arrangement is made 

 with reference thereto, which is satisfactory to 

 them in their discretion. 



The proceeds of the sale of any portion of 

 the property covered hereby (that is, the gross 

 amount of sale less reasonable commissions 

 anr1 expense connected with such sale) shall be 

 paid and turned over to the Corporation Trus- 

 tee, and shall be treated by the Trustees in like 

 manner and used by them for the same purpose 

 as are the payments provided for in Article 

 VII hereof. 



Neither the Trustees nor Lvon, Garv & Com- 

 panj', shall be under any liability for anything 

 done (or omitted to de done) by them respect- 

 ively in good faith hereunder. 



ARTICLE X. 



All sums of money paid to the Trustees by 

 the Company for the release of any portion of 

 the timber hereby mortgaged, in accordance 

 with any Article hereof, and all other sums 

 which may come into the hands of the Trus- 

 tees for the benefit of the holders of the bonds 

 issued hereunder, shall be applied by the Trus- 

 tees from time to time to the purchase of out- 

 standing bonds issued hereunder at such prices 



