42
<br />thmu h or under the Company, its successors or assigns;
<br />will the receipt of the officer conduetiu such sale for the
<br />eonsidi—Mion litoney pall at any sued side (W sales shall
<br />be a suffieient discharge to the purchaser, without arty
<br />JAMI V out the part of the purchaser to sec to the ap-
<br />pliention of the purchase money, or to be bound to in-
<br />quo- as to the anthorization, necessity, expedience- or
<br />regularity of any such sale or sales.
<br />SEC. 5. In case of any such sale, the principal stuns of
<br />A notes hereby secured, if not previonly dne, shall im-
<br />nlediatef'v thereupon becoine due and pn }-able, anything
<br />in said notes or in this Indenture contained to the con-
<br />trary notwithstanding.
<br />SEC. G. The purebase molter, proceeds and avails of
<br />wity such sale or sides, fo;etlwr with any sums which then
<br />may be held i_uy the Trustees, or either of them, under
<br />nily of the provisions of this Indenture, as part of the
<br />trust estate, or the proceeds thereof, shall be applied as
<br />Follows:
<br />First: To the payment of the cost, and expenses of
<br />such sole, inclnding a reasonable compens- tion to the
<br />'Trustees, their agents. attorneys and counsol, and of all
<br />expenses, linl.-ilities and advances made or incurred by
<br />the Trux ees, and all other charges which, by the teruts
<br />'uereof or othorw ise, are prior to the notes herchy sc-
<br />enre.l, ,xcept any ebarm subject to Well said We
<br />-1iall have lwen rrnde.
<br />simond: To the paynlent of the interest ou said note,
<br />aecraerd wild unpaid in the order of mntur ty, with in-
<br />terest on overdue coupons at the rate of six per centunt
<br />per auunnn, nod if such proceeds he insuflieiont to make
<br />paynuout in full, thole pro rata. snb#44, however, to the
<br />��royi,,iou;s of Seetion I of this _article.
<br />{
<br />43
<br />'1'hini : '1'o the py,nout of ti", whole amount then o w-
<br />int,,- nerd unpaid npon tit(. note hereby secured and then
<br />011tstandin- -, for princilwl; and in ease •Welt proceeds
<br />~half be insuif eient to pad- in fill] the principal auuount
<br />,o due and unpaid upon the said notes, then to the pay-
<br />ment of such principal ratably.
<br />Fourth: To the payuuent of the surplus, if any, to
<br />the Conmanv, its successors or assigns, or to wltrnnso-
<br />eyer nmy be lowfitlly entitled to receive the same.
<br />SEC, i. In case of any sale hereunder, any purchaser,
<br />for flue purpose of makiul� settlement or payment for
<br />the property- purchased, shall be entitled to use and apply-
<br />:mfr notes. quid any matured and unpaid eoupmus, here -
<br />;1y secured, by presenting, such notes all(] eoupon�, in
<br />order thnt there may be credited thereon the stuius ap-
<br />plicable to the payment thereof out of the net proceeds
<br />of such sale to the owner of such notes and coupons, as
<br />his ratable share of such net proceeds, such net proceeds
<br />hems". the amount remainirn!�• after making any dedue-
<br />tions from the l•ross purchase price Nvhiclt may be nuaile
<br />for the ecsts, expenses, eomponsntion and other eharges,
<br />and thereupon ,ncil Purchaser shall he credited on nowunt
<br />of snMh purehase price payable by him, with flio suing wll
<br />We" out of such net pr "eds to the hamnent of and
<br />(•reditod upon flit, notes viol coupons so prosouted: nnd,
<br />at any such sale, any noteholders may hid for nnrl may
<br />parchasn and npmt eomplinnee with the terms of sal(,
<br />cony hold, retain, possess and dispose of, sueh property
<br />in their ov-n a)solnte ri_"•ht, without further aeeountn-
<br />ity.
<br />St:c. (q. in caso there shall he any existing judgment
<br />the Cianpiny ItnPAPHlell or imseettred by hond
<br />on appeal or otherwise for thirty dies after denunnd front
<br />
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