TRUST DEEDS 293 



all bonds issued hereunder then outstanding, 

 and of all matured coupons and accrued inter- 

 est thereon, and of all other accrued interest on 

 such bonds the payment of which has not been 

 so extended. 



ARTICLE VII. 



The number first having been selected by lot 

 by the Corporation Trustee, any outstanding 

 bond issued hereunder may be redeemed and 

 paid by the Company at the place of payment 

 of said bonds on any interest payment date, 

 upon payment of the principal of said bond 

 and interest due thereon at the date of such re- 

 demption, together with a premium of three 

 (3) per centum on the principal thereof. Such 

 selection shall in every case be made from the 

 bonds first maturing, no bond being subject to 

 selection for redemption until all bonds of prior 

 maturities have either been paid or selected 

 for redemption. In case of an election to re- 

 deem any of the bonds issued hereunder before 

 maturity and a selection pursuant to such elec- 

 tion either the Company or the Corporation 

 Trustee shall publish a notice of such election 

 to redeem and the selection thereunder once a 

 week for four successive weeks (the first of 

 such publications to be not less than ninety 

 days previous to the date of redemption) in 

 some newspaper of general circulation pub- 

 lished in the City of Portland, State of Oregon, 

 and in a similar newspaper published in the 



