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<br />The lien of this Indenture on the mortgaged property
<br />is subject, to the extent that the same constitutes it
<br />lien thereon, to the lien of a certain mortgage or
<br />deal of trust (hereinafter called the "n "do I+,-"' wort -
<br />ga:;'e ") executed by the Company to the Los Angeles
<br />1. rust and Savin�•s Bank, as Trustee, dated :Aln'il 1, 1911, _
<br />wilder which there have been issued and are now Out -
<br />stan(lin bonds, hereinafter called the "underlyllhr
<br />bonds" (exclusive of bongs held in the sinking fund
<br />under said underlying mortgage), to the aggregate prin-
<br />cipal amount of $621,000, which said bonds mature by
<br />their terms on April 1, 1.9-11, and bear interest at six per
<br />centum per annum.
<br />TO HAVE n__Nv To ROTA) the mortgaged property hereby
<br />conveyed or assi•ned or mentioned and intended so to
<br />be, as wall as all such after acquired property, unto the
<br />Trustees, and to their successor or successors in the
<br />trust hereby created, forever; but in trust, nevertheless,
<br />for tile. equal and proportiouate benefit and seenrity of
<br />au\- and all notes issued and to be issued hereunder,
<br />without ren•ard to the tinge of the actual issue or u
<br />tiation of said notes, so that each note shall have ender
<br />and by virtnc of this Indenture the same ri,,•llt, lien and
<br />privilege its every Other Mote lESlled and to 1)e. 1ssiled
<br />lierennder, and as tbomN'h all said notes had been oxc-
<br />cut��d, delivered and negotiated simultaucowdV- with the
<br />execution and dc•livory of this 1 ndc nture.
<br />AVD rr 1s FlrF:ei >> co�.es_Vx�rr.n A D _ GREJ.:n that all said
<br />notes hereby secured shall I)e issued, certified and deliv-
<br />erct(l, received and ne-otiated, and that the nloit-a 'cd
<br />prolx'rty and premises are hereby eonveved, assis'ned and
<br />transferred by the Company to the Trustees, subject to
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<br />tho further coveuanth, conditions, uses and trusts here-
<br />inafter set- forth; and it is covenanted and a,reed be-
<br />tween the parties hereto as follows:
<br />ARTICLE I.
<br />SrcTrox L :All notes to be secured hereby shall be
<br />signed by the President, or a Viee- President, of the Com-
<br />pany, gild the corporate se_"al of Be Company sliall be
<br />thereto affixed and attested by the Secretary, or assist-
<br />ant Secretary, of the Company-. In case the officers, who
<br />shall si1gI and seal any of said notes as aforesaid, shall
<br />cease to be such officers of the Company, after delivery of
<br />such notes to the Trust Company, but before the notes
<br />so signed and sealed shall have been actually- alltbenti-
<br />cated and redelivered by the Trust Company, such notes
<br />may, nevertheless, upon the request of the Comj)any, be
<br />issued, authenticated and delivered as thougTi the per-
<br />sons who signed and sealed such notes had not ceased
<br />to he officers of the Company.
<br />The notes to be issued hereunder shall be in the de-
<br />nominations of One Thousand Dollars ($1,000), Five
<br />IInndred Dollars ($500) and One Hundred Dollars ($100)
<br />each. -Notes in the denomination of One Thousand Dol-
<br />lar, ($1,000) each shall be numbered from AF-1 upwards:
<br />dotes in the denomination of Five Tlnndrotl Pollars
<br />($500), shall be numbered from D -1 upwards; and notes
<br />in the denomination of One hundred Dollars ($100) each
<br />Shall be numbered from C -1 upwards.
<br />The coupons to be attaelhed to said notes shall be
<br />autheniicated by the facsimile signature of the Ares
<br />ent Treasurer, or any fntrnre i
<br />T' erasm -or, of the Company,
<br />it bei!1g. intended that the ('nmpany may adopt and use
<br />for that purpose the facsimile signature of any such
<br />
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