270 TIMBER BONDS 



pressed according to law) the Company has 

 resolved to borrow monej^ for its corporate 

 purposes, and to issue and dispose of its nego- 

 tiable mortgage bonds therefor; and to secure 

 the payment of said bonds, together with inter 

 est thereon, by a mortgage or deed of trust in 

 the form of this instrument upon its property 

 hereinafter described, together with the rents, 

 issues and profits of the same, and which mort- 

 gage or deed of trust shall be a first lien 

 thereon; and 



Wheeeas, by unanimous action of its Board 

 of Directors, concurred in by the owners and 

 holders of its entire capital stock (both of 

 which actions have been duly taken and ex- 

 pressed according to law) the Company has 

 further resolved that said bonds shall bear 

 date January 2, 1911, shall be for the aggre- 

 gate amount of Forty Thousand (40,000) Dol- 

 lars, shall be 40 in number; numbered consecu- 

 tively from 1 to 40, both numbers inclusive, 

 shall be of the denomination of $1,000 ; shall be- 

 come due and payable as follows, to wit: 



Bonds Numbered. Total Amount Maturities. 



1 to 5 inclusive $5,000 July 1, 1912; 



6 to 10 inclusive $5,000 January 1, 1913 



11 to 15 inclusive $5,000 July 1, 1913; 



16 to 20 inclusive $5,000 January 1, 1914 



21 to 25 inclusive $5,000 July 1, 1914; 



26 to 30 inclusive $5,000 January 1, 1915 



31 to 35 inclusive $5,000 July 1, 1915; 



36 to 40 Inclusive $5,000 January 1, 1916 



all of which bonds shall be payable to bearer 

 (unless registered), in gold coin of the U. S. 



