TRUST DEEDS 299 



aged, the Trustees hereunder are authorized 

 to dispose of the same at such price and on 

 such terms as they may see fit, the proceeds 

 thereof, less the expense connected therewith, 

 to be held for the benefit of the bondholders as 

 is provided in Article VIII hereof. 



ARTICLE X. 



All sums of money paid to the Trustees by 

 the Company for the release of any portion of 

 the timber hereby mortgaged, in accordance 

 with any Article hereof, and all other sums 

 which may come into the hands of the Trus- 

 tees for the benefit of the holders of the bonds 

 issued hereunder, shall be applied by the Trus- 

 tees from time to time to the purchase of out- 

 standing bonds issued hereunder at such prices 

 as may be agreed upon by the Company and 

 the Trustees. If none of the bonds secured 

 hereby can be so purchased, the Trustees in the 

 manner provided in Article VII hereof shall 

 by lot select bonds to be redeemed to an amount 

 sufficient to approximately exhaust the funds so 

 held by them ; after which the bonds so selected 

 shall in all things be subject to the provisions 

 of Article VII hereof and redeemalble in the 

 manner therein provided; such redemption to 

 be made on the first interest payment date 

 occurring ninety days or more after the receipt 

 of such funds by the Trustees. 



No bond which may be paid, bought or re- 



