264 TIMBER BONDS 



in succession to it, to the said John K. Lyon, 

 Trustee hereunder, or to any Trustee appointed 

 in succession to him, shall be sufficient warrant 

 for the individual Trustee, or his successor, 

 taking such action as may be so requested, and 

 shall relieve him of all liability in the premises. 

 Such individual Trustee, or his successor, may 

 delegate to the Corporation Trustee herein 

 named, or its successor, the exercise of any 

 power discretionary or otherwise conferred by 

 any provisions of this instrument. And it is 

 further provided that neither of the Trustees 

 herein named, nor any successor Trustee to 

 either of them, shall be liable for any default 

 or act of omission or commission of any co- 

 trustee. 



ARTICLE XXVII. 



The word ' ' Trustees ' ' as used in this instru- 

 ment shall be held and construed to mean the 

 Trustees herein named, or their successor or 

 successors for the time being in the trust here- 

 by created; the words ''the Company" shall 

 be held and construed to mean Southern Tim- 

 ber Company, its successors and assigns. 



And wherever the name "Lyon, Gary & 

 Company" is used herein it shall be held and 

 construed to mean Lyon, Gary & Company, the 

 present Illinois corporation, or such person, 

 firm or corporation as may succeed said cor- 

 poration according to the terms of this instru- 

 ment. 



