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38
<br />anything in this Indenture, or in said notes, to the con-
<br />trary notwithstanding.
<br />This provision, however, is subject to the condition
<br />that if, at any time, the principal of said notes shall
<br />have been declared clue and payable, and all arrears of
<br />interest upon sncli dotes, with interest at the rate of
<br />six per centunr per annum oil the overdue installments of
<br />interest, shall either he paid by the Company-, or he col-
<br />lected out of the nrort aged property-, before any sale of
<br />the mortgaged property- shall have been made, and all the
<br />other covenants and agreements herein contained shall
<br />have been performed by the Company, or their perform-
<br />ance shall ,ave been waived, and all expenses or lia-
<br />bilities incurred by reason of any action taken by the
<br />Trustees, or either of them, upon account of any slim, de-
<br />fault shall either have been paid or secured to Hie satis-
<br />faction of the Trustees, then, and in every such ease, tie
<br />holders of a majority- in zunonnt of the notes hereby
<br />securecl and then outstanding, by written Notice to the
<br />Company- and to the Mustees, only waive such default
<br />and its monsequenmes; but no such waiver shall extend to
<br />or affmmt any subse�lw ut default or impair any ri, -,ht con -
<br />secluent thereon.
<br />SEC. 3 In case (1) default shall be made in the pay-
<br />Inent of any interest on any note or notes hereby se-
<br />cured and outstanding, and ;inv such default shall con -
<br />tinue for a period of sixty days; or in case (2) default
<br />shall be made in the payment of the princil)al of ally
<br />Me howeby secured; or in case (1) default shall ire made
<br />in the due observance or perforn?ance of <uly ether cove -
<br />nrnit or condition herebv required to be kept or perfonned
<br />by the Company-, and any such default shall monUnue
<br />for sixty W6 after written demand of performance by
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<br />39
<br />the Trustees, or either of them, then, and in every such
<br />case, the Trustees, personally or by attorney, and in
<br />Weir discretion:
<br />(n) llay enter into and upon the mortgaged property-,
<br />and each and every part thereof, and may exclude the
<br />Company therefrom, and, having, and holding the snrne,
<br />InaA" Ilse, operate, rl'vainge and Control the same, produce
<br />and snl,l,ly- natural and artificial gas; execute any and all
<br />contracts and nndertal:iilgs, and make new contracts and
<br />underAddngs : eollect and receive all hmames, credits, out-
<br />standing accounts and bills receivable of the Company-,
<br />and, in genend, carry on and conduct the business of said
<br />Conip.ity- as folly as it mi --ht do it in possession thereof;
<br />and exercise all lawful fi•anebises and powers of the
<br />Compare-; and upon every such entry the Trustee,, at
<br />the expense of the trnst estate, from time to tune, either
<br />by purchase, repairs or construction, may innintain and
<br />restore, and insure or keep insured, the property where-
<br />of they- shall have become possessed as aforesnid, and
<br />in the same manner and to the same extent as is usual
<br />with companies of like Character; rind make all neces-
<br />sary and proper repairs, renewals, replacmnents, Altera-
<br />tions, additions, betterments and improveruonts thereto
<br />and thereon as to them may seem jndie ms: and in sneh
<br />case the Trustees shall have the right to Inane, such
<br />property- and carry on the business and exercise all the
<br />ri -fits and powers of the Company-, either in the name
<br />of the Company or otherwise, as the Trustees shall deem
<br />best; and they ,Ball be entitled to eollect and receive all
<br />tolls, onrilin'-'s, ineolne and rents, issues and profits of
<br />Hie saurc, and every part thereof, and, after deducting
<br />1114' expenses of o1wratin',, said properties, and of cou-
<br />ducting the business thereof, and of all repairs, rnairnte-
<br />
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