304 TIMBER BONDS 



ARTICLE XIV. 



The Trustees shall have the right at any 

 time in their discretion, but not oftener than 

 once in six months, except and in case the tim- 

 ber herein conveyed or 'any portion of same 

 shall have been damaged by fire or the other 

 elements, then in which case as often as in the 

 opinion of the Trustees and of Lyon, Gary & 

 Company it may be deemed necessary, to cause 

 an inspection of the lands and timber herein 

 conveyed to see whether the property mort- 

 gaged hereunder has suffered any damage, or 

 been trespassed upon, or whether there has 

 been any unauthorized use of the timber or of 

 the premises hereby conveyed or of the timber 

 thereon; and the expense of any such investi- 

 gation shall be borne and paid by the Com- 

 pany, but the Trustees shall not be required to 

 have such an examination made unless upon 

 the written request of the holder or holders 

 of some one or more of the bonds secured here- 

 by and then outstanding, together with the 

 written concurrence of Lyon, Gary & Company 

 thereto, and unless such bondholder or bond- 

 holders first advance or pay to the Trustees 

 the estimated cost of such inspection. 



ARTICLE XV. 



If default shall be made in the payment of 

 the principal of any of said bonds when the 

 same become due or in the payment of any in- 



