284 TIMBER BONDS 



tion Trustee, or issued, such bonds may never- 

 theless be issued, certified and delivered as 

 though the persons who had signed and sealed 

 such bonds had not ceased to be officers of said 

 Company. 



Interest coupons shall be authenticated by 

 the signature of the present Treasurer of the 

 Company, and the Company may adopt and 

 use said coupons, notwithstanding the fact that 

 the present Treasurer may have ceased to hold 

 such office at the time when said bonds or some 

 portion thereof, shall l)e actually certified and 

 delivered. 



The Trustees shall not be bound to see to 

 the application, use or disposition of any of 

 the bonds secured hereby, or of the proceeds 

 thereof. 



ARTICLE II. 



In case any bond issued under this instru- 

 ment or the coupons thereto appertaining, shall 

 become mutilated, lost or destroyed, the Com- 

 pany in its discretion may issue and thereupon 

 the Corporation Trustee shall certify and de- 

 liver a new bond of like date, tenor and amount, 

 bearing the same number as the one mutilated, 

 lost or destroyed, in exchange for and in place 

 of and upon the cancellation of tlie mutilated 

 l)ond or coupons, or in lieu of and substitution 

 for the same, if lost or destroyed. In such case 

 the applicant for such new or substituted bond 

 shall bear the expense of furnishing the same. 



