TRUST DEEDS 285 



The Company shall not be required to issue 

 nor the Corporation Trustee to certify a new 

 bond in lieu of any bond alleged to have been 

 lost or destroyed unless the applicant for such 

 new bond shall first furnish evidence of such 

 loss or destruction, and indemnity against its 

 subsequent presentation as an obligation of the 

 Company, which evidence and indemnity shall 

 be satisfactory to both the Company and the 

 Corporation Trustee, in their discretion. 



ARTICLE III. 



Any bond secured hereby shall pass by de- 

 livery unless registered, but it may be reg- 

 istered as to principal in the holder's name on 

 the books of the Union Trust Company, Reg- 

 istrar, at its office in the City of Chicago, Illi- 

 nois, such registry being noted on the bond by 

 said Registrar, after which only such registered 

 holder, or the legal representative of such 

 holder, shall be entitled to receive the princi- 

 pal thereof; and no transfer shall be valid un- 

 less made on said Registrar's books by the reg- 

 istered holder of the bond in person or by the 

 legal representative of such holder and simi- 

 larly noted on the bond; but the bond may be 

 discharged from registry by registration to 

 bearer after which it shall be transferable bv 



* 



deliver^'. It may be registered again, however, 

 in the manner above provided. 



The registry of any bond shall not impair 



