308 TIMBER BONDS 



closed and the mortgaged property, or any part 

 thereof, to be sold; (c) may proceed to protect 

 and enforce the rights of the Trustees and the 

 bondholders hereunder whether for specific per- 

 formance of any covenant, condition or agree- 

 ment herein contained, or in aid of the execu- 

 tion of any power herein granted or for the en- 

 forcement of such other appropriate legal or 

 equitable remedy as may, in the opinion of 

 counsel, be most effectual to protect and en- 

 force the rights aforesaid; (d) shall be entitled 

 as of right without notice to the appointment 

 of a receiver of the mortgaged property, or 

 any part thereof, and the Company does here- 

 by irrevocably consent to such appointment. 



AETICLE XVIII. 



The Company covenants that it will not ap- 

 ply for or avail itself of any injunction or stay 

 proceedings, or plead, or in any way take ad- 

 vantage of any valuation law, appraisement 

 law, or any other law, whether now in force or 

 which may hereafter be enacted, which may in 

 any way alter, impair or impede the rights or 

 remedies of the holders of the bonds issued 

 hereunder, or of the Trustees as herein pro- 

 vided, or which shall aifect or change the time, 

 place, means or mode of perfecting or enforc- 

 ing such rights or remedies; and it hereby ex- 

 pressly waives all benefit and advantage of any 

 and all such laws. 



