302 TIMBER BONDS 



amount of sale less reasonable commissions and 

 expense connected with such sale) shall be paid 

 and turned over to the Corporation Trustee, 

 and shall be treated by the Trustees in like man- 

 ner and used by them for the same purpose as 

 are the payments provided for in Articles VII 

 and X hereof. 



Neither the Trustees nor Lyon, Gary & Com- 

 pany shall be under any liability for anything 

 done (or omitted to be done) by them respect- 

 ively in good faith hereunder. 



AETICLE XII. 



All moneys which may be received as com- 

 pensation for any property or right of the Com- 

 pany which may be taken by the exercise of the 

 power of eminent domain or expropriation shall 

 be paid to the Corporation Trustee and used 

 for the retirement of bonds secured hereby in 

 accordance with Article VII or Article X here- 

 of, excepting that if such condemnation or ex- 

 propriation proceedings shall be defended by 

 the Company, its reasonable expenses and at- 

 torney's fees in making such defense shall be 

 deducted from any award and only the surplus 

 paid over to the Corporation Trustee as herein 

 provided. 



But the Company shall not be entitled to have 

 the release of any property covered hereby on 

 account of bonds purchased with money coming 

 through condemnation or expropriation pro- 

 ceedings. 



