242 TIMBER BONDS 



as may be agreed upon by the Company and 

 the Trustees. If none of the bonds secured 

 hereby can be so purchased, the Trustees in 

 the manner pro\dded in Article VI hereof shall 

 by lot select bonds to be redeemed to an amount 

 sufficient to approximately exhaust the funds 

 so held by them; after which the bonds so se- 

 lected shall in all things be subject to the pro- 

 visions of Article VI hereof and redeemable 

 in the manner therein provided ; such redemp- 

 tion to be made on the first interest payment 

 date occurring ninety days or more after the 

 receipt of such funds by the Trustees. 



No bond which may be paid, bought or re- 

 deemed under this or any other Article hereof 

 shall be reissued, but the same shall be can- 

 celled by the Trustees and delivered to the 

 Company for preservation. 



ARTICLE XL 



All moneys which may be received as com- 

 pensation for any property or right of the 

 Company which may be taken by the exercise 

 of the power of eminent domain or expropria- 

 tion shall be paid to the Corporation Trustee 

 and used for the retirement of bonds secured 

 herein in accordance with Article VI or Arti- 

 cle X hereof, excepting that if such condemna- 

 tion or expropriation proceedings shall be de- 

 fended by the Company its reasonable ex- 

 penses and attorney's fees in making such de- 



