TRUST DEEDS 295 



taxes or other governmental assessments or 

 charges as provided in this mortgage, or in the 

 performance of any of the other covenants 

 herein contained on its part to be performed, 

 the Trustees shall and are hereby authorized 

 to release unto the Company and to permit the 

 Company to cut and remove free from the lien 

 of this mortgage, or deed of trust, any of the 

 timber conveyed hereby, or the timber on any 

 or all of the lands conveyed hereby, which the 

 Company may 'select, when the Company shall 

 have first paid to the Corporation Trustee One 

 and Fifty-Hundredths (1 50-100) Dollars per 

 thousand feet on the estimated stumpage for 

 the timber on each description or group of de- 

 scriptions which the Company then desires the 

 right to cut, as the estimated stumpage thereon 

 is shown on a list called ''Estimated Stumpage 

 List," signed in triplicate by the Company, by 

 the Corporation Trustee and by Lyon, Gary & 

 Company, an Illinois corporation, and one 

 original of which list is deposited with each of 

 the signatories thereto. Consideration for the 

 privilege of obtaining such releases may be 

 given by the Company in any of the following 

 three ways: 



(a) By payment in cash. 



(b) By delivery to the Trustees of any 

 of the bonds hereby secured and then out- 

 standing, which it may have acquired; in 

 which case, for the purpose of obtaining re- 

 lease the amount of the principal of such 



