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 33 WEST MAIN STREET 
 
 WEBSTER, NY. M580 
 
 (716) 873-4503 
 
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7tf AV- ./. 
 Dmttii 
 
 , IWH. 
 
 THE 
 
 QUEBEC & LAKE ST. JOHN 
 
 RAILWAY COMPANY OF CANADA 
 
 AND OTHERS 
 
 TO 
 
 THE TRUSTEES, EXECUTORS, AM' 
 SECURITIES INSURAN^L ? 
 COHP(.i:ATI<'N. LIMITED, 
 
 ORAFl. 
 
 gffb flf fnist mill ,H!o Ifinrr 
 
 FIRST DIVISION OF RAiLVA^Y, 
 TO SECURE BCNDS. ^ 
 
 WILSON. 11R1HT(A\S AM) (ABI'AIAIJ 
 
 1. f'optiiBll linildiim . I ■ , 
 
 Menirr Wm.ii, .nK ^W.lilri. Cntptrnf. UaillMI, il*«,*tli>la r| l .' 
 
AKADA 
 
 S, A»D 
 
 5D, 
 
 tfinrr 
 
 LV^'AY 
 
 li***) I ' 
 
llh I'rmf 
 
 SEljis Sntiniturc ma.iotiH lajot 
 
 l.S.SS ht'tWCIMl 'I'UK yi'KHW; AND LaKK 8t. .I<p|1N 
 
 H.Mi.wAY CoMi'ANV nr Canaha ;i IxkIv coriMirati! and politic, duly 
 iii(i)r]inratcd under and liy \ irtuc of tli<> provi.situis ut tlu' Act <>t tho 
 l.c^'islaturt' ul' llic i'rovincc uf (Quebec in tlu- iJoniiniun of Canada 
 hcroiimftiT iwitiMJ (lu'riMuaflcr called tlic Kailway Coniimny) of 
 the first jiart Thk Qrr.HKc .\m> Lakk Si. Jomn H.aii.wav 
 lii'Min-.Krsc \M' 'I'KAniM; Comi'ANV duly iiicorporutcd by l{nyal 
 Letters I'uteut liavin<r its principal place of Itusiness in the said 
 City .if '.hu'liec (hereinafter called tlie Construction Company) 
 of tho s«'coud part IIokack Janson Bkf.mki: of the City of 
 Montreal in the dominion of Canada engineer and contractor of 
 the third part and Tiir, Tkuhtkks Exkcutoijs and SEOiiHniKs Insikanck 
 CoRi'oKArinN LiMiTK.ii(\vliichCori)oration and except where the context 
 shall otherwise re<|uire their siu'cessors in tho trust are hereinafter 
 included in the expression ••the Trustees") of the fourth |)itrt. 
 
 WHKI.'KAS th(> IJailwiix Coniimny was duly incorporateil by an 
 Act of the Le^nslature of the Province .d' (.Quebec passed in the 
 forty-sixth year of the rei^n, ,,f Her Majesty Quo<!n Victoria 
 chapti-r HM and entitled " An Act to amend and c(»nsolidate the various 
 Acts respectiu'T the <,»uebe(; and Lake St. .lolm li»iUs;iy Company " 
 which Act repeale<l certain previous Attts relating to the Uailway 
 Complins. 
 
 .\iid whereas by another Act of the said Legislature passed in the 
 (ifty-tirst year of the reign of llcr .Majesty (.^men Victoria (chapter !U 
 su<h last mentioned Act was amended and further powers w<re con 
 ferred upon the Uailway Convpany. 
 
 And whereas under and by virtue of the said ActJpitwer' and 
 authority are conlerred upon the Railway < 'ompany among otiier things 
 to construcl and work a sin-ile or double track railway starting I'nun 
 some point on tlu'ir line of railway then cmistructed or from some 
 point in the City of <,>uebec and ('iiding at Lake St. John "'ith 
 power to construct and work branch lines or extensions as therein 
 inentioneu. • 
 
 An<l whereas under and by virtue of the said .\cts tin' Directors of 
 the Uailway Company under the autlnuitv of the Shareh<)lders to tlieni 
 liiven by resolution at any Sptcial or (Jeiieral Meeting called for that 
 
(Hi) 
 
 9 
 
 pitrpdsc may issur innrtiiii!,"' Iminls madi' iiiiil sijjiicil l)y tlio I'li-sidfiit or 
 \'i<'.>-l'nsi(lciil and coim orsi^iinvl hy tin- Swrctary and Tnnisiircr'iiiid 
 under tin- sell iif till' ('niii|>aiiv fur tin- |)iir|)i>si' of laisiiiLr moiioy fur 
 pniscciitiii); and ((iiiii.li'tiii;: tln' said iiiidcrlakiiiL' |in>vid('d tliat tlic 
 total isMit' of lioiid.s shall not cxciM-d tlir smri of Jd.iMMi dollar.^ ptT iiiilo 
 of till' I'litirf Iciitrtli of till' said niihvay and of thf liniii. -lies and ex- 
 tensions. And it is li\ the said Aii.s provided tliat the hoiids twi issued 
 xhall carr) a Mior1;ra^'e upon the Railway its liranela^s and extensions 
 and all the jilant rolling: stork and Material necessary for tiie working' 
 tlien-of and upon all laiildinjrs stations station ^loumN and generally 
 upon all thi' liinils property and material necessary and strictly a|)per- 
 taininir to the working; of the Ivailway its liranelies and extensions 
 und that the interest eou|)ons tlnreon siiall lie a first and |ireferential 
 lien el)ar;re claim ami pri\ileue upon the net earnin^rs ot the Itailway 
 after the pa\ ineiit of w rkin^ expenses mainlenami- rent- ami 
 rem'wals and that all of tiic said Honds shall have e.|iial r.mk and 
 privile^^e whether th>'V lie issued as represt^utinii tin' nniea;ie <d tin' 
 niain line or that of ^iie branches or rxlensions ami iliat tiie jionds 
 inav 1>»' issued in projioiiion as the main line or hrtinclms or extensions 
 of the Uailwav are heinj: iiiiill as in the said Acts mentioned. 
 
 And whereas the Railway Company is liy the said Acts further 
 authorized ami empowered to linild purcha.se acipiire own charter work 
 and o|K'rate steamr-is and other ve.s.se!s on the lakes and na\ |c;al'le 
 rivers louched In its IJail\\a\s or 1)\- its liramdi line's and extensions 
 and also io erect acquire and maintain dot-ks dockyards wharves slips 
 j)iers anil warehouses at any point on oi- in loimectioii with its 
 Kailwav and l>ranches and to erect acipiire and work elevators and 
 build ac'inire and h ase hotel- and d weiiinvhoiise- aloni; the line of its 
 Railway and ln-aiiches 
 
 .\nd whereas l)v an Agreement dated the ;t(lth day of April 187^ 
 and made lietwiMMi the Railway Company and the Construction Coni- 
 panv the Construction t 'oinpany umlertook to construct eipiip and 
 complete a portion of the said Railway as therein mentioned .ind as 
 part of the eonsideratioii tiierefor the Railway Company a;:ieeii to 
 hand over to the Construction Company Jft.nuit dollars per mile of 
 road in l>elienlures c^f the • 'oinpanv for each and every mile of road 
 actualU coiistiucied and ei|ui]iped li\ the ( 'onstriiction t' puny. 
 
 And whereas liv an A;:reement dated the Ulth day of July 18H.') 
 and made lietween tlu' Construction Company and the .said lloraco 
 Janson Heemer the said Horace .Fansoii Heeiner coiitnieti'd to (joiistruct 
 cipii]) and completi- the said Railway and us ])art of the eonsideratiiui 
 therefor the < 'onstiuction ('onipanv assij^ned and undertook to jiive 
 Biul procure to the .said Horace dansoii Reenier the first nmrt^ra^a^ 
 hond" of tin- .said l{ailway as therein mentioned. 
 
 And whereas such la,st ini ntioiied .\cn.,^.|uent was ratified and con- 
 firmed l»v the Railway C'oinpanv on or about the 'JOtli day of Aujfust 
 1883. 
 
 I 
 
.'J 
 
 And 'vh.T.'iis (•( rtMi'ii IhiikIs to tlii> noniiual tunonnt of 1)9:1,000 .lollars 
 and no mure |.ur|i..itiii>r t.. I.o a (iist «'Iiiir;r,. ,,11 tlic said Kallwav liavf 
 Ijwii iMsn.'d l)ut tlh- whol.' uf surti l„,nd.s liavr lircn fanccll.'d'in tli.' 
 Jtrcwnc.' Ml' 11 N',,taiy l'ul)!ic and sMirmd.r.'d t., tlii- Uailway ('()ni|mny 
 a.s tlic l\ailway (!(.in|iaiiy liiTcl.y (..rtil'v imd dfclan-. 
 
 And wluTcas that |>.atii.n n{ tli, railway .if the I{ail\\ay ('.)ni|mny 
 Ixin- la'tuctMi its junction with tlic Canad.an I'a.ilic Wail-.vav four 
 inilr.s wrsi of (^i„.1m.c and tlic Lake St. .lolui aial <',.vcriii}r a distance 
 "f IT.*} miles has already l.ccn c(nn|»lctc<i and a new line four miles in 
 li'iitrfh fr.an su,!, jnn.'tioii forming'- an inilejiendent entrance int(» 
 (,)uel..>c and an exfensicai Hi the Lake St. .lohn to {{ohervai l.einu' a 
 fiiith.T distance of |:i miles are now in course of con.stniction l>y the 
 said ]|orac<. .lanson Heemer under thi' said .\;.'rc.'mcnt of tlie lOth day 
 of Julv iM.S.'i and the Dir.ctors of the Railway ( ouiiiany have resolved 
 to i.ssue Mort-airc Hon.ls in the form specified in the Schedide hereto 
 
 ^">' ^ '"'"' "I '"» "'■ .i;:>i<'.<i(»() heiiio- e(|,iivalent at the rate of cx<-han)re 
 
 authorized l.v the |!» Vict. c. ;iil of the Acts of the Domini.ai of 
 Canada to M,7»(i.liO(i dollars (a' l.iKHi dollars less than the maxinnun 
 nnaamt of ;{,.SOO,(MI(> dollars i.ssiiahle in respect of (he said len-th of 
 railway. 
 
 And whereas hy a h'ep.at of the Treasurer of the IVovinee 
 of Quehec dal.'d the lotli day of .laiy lM,s« and duly adopted an.l 
 
 <""»*i»"i 1 iindei the provisions of the 17 \'irt. c. 711 of the Acts of the 
 
 i.e;.ri.s|atare of the said Province liy the Lieutenant-t oiveruor of the 
 said I'rovince in C.aincil on the llth day of .lulv l,ss,s tj,,. .sdil 
 
 Treasurer re.'omiucnded that a ^naiant. f interest upon the issue of 
 
 M.aids or I'ehentares of the Railway ( 'onipauy to the aiM..unt of 
 £7,H0,U(Mt at the rate u( r, per .cut p,r annum payable half-yearlv f.n- 
 the j.eriod of ten years fr.an the ls| day of .lidy I.s,S> to thi' 1st day 
 of .July IHltS should he made and i-ianfcd in favour of the holders of 
 the h.ai.l.^or I »el,cutur.'s ,,f the K'aiUay Company an.l that the same 
 sh.ad.l he carri.'d int.. etfect liy means .d' such a declarati.m printed .ai 
 th.' face ,,f the said M.aids or Del.eiiliires an.l such a certlti.at.' jirinted 
 ..u .-ach .d' th.' .■oiip.ais f.a- inteivst guaranteed hy the said I'rovince 
 as appearin^i in th.' Sehe.iul.. la i-et.i. 
 
 An.l wh.avas it is inten.l..<i to Im- part .d' th.' terms of the .sai.l 
 is.siie that the Railway Caiii-any shall pay to the Truste.'s a- allow 
 th.'iii t.. receiv.' ilmin- th.' Miid p.rio.l nf ten \ ears for which the 
 iiifere.st of th.' .s.ii.l |!.,ii.ls is Huanint.'c.l h\ th.' C;.,> . riiment of the 
 .said I'l'.ivin.-e ..r antil a .sutlicient sum shall h.- ac.'umuhite.l in 
 their lian.ls to pr..\i,i.. for th,. interest on th.' sai.l H.aals for a 
 period ,>( liv.' v.'ars after the expirali.ai ,.( the .said peri. ..I .d' ten 
 years whi.'hever .d' the sai.l tw.. alt.'rnative perhals .sliall he the 
 sh.ater th.' uhole of th. net carniiiKs .d' the .livisi.ai nv porti.ai of the 
 sui.l Wi " 
 
 iailwav and .d the Ian. Is d 
 
 pr.iperty hereinafter 111. at;.;at.'ed and further that uf 
 
 .icKs piers (piays steamer ami other 
 
 after the expirati.in 
 
 )f the Maid period .if i.'ii y.-ais the Railway C.impany shall at all t 
 
 lilies 
 
whiln the said Brinds or any piirt tliorcof roiiuiiii outstandiinr pay to 
 tli(! TruatooH out of sucli not cariiinjfH or if tli<> same arc inmitliciont 
 tlicn otherwiw micli a kuiii a« will witli any anioinits paid <<> tlirni an 
 aforesaid onablo the Trustnen at all tiniOH to have in hand an amount 
 at least wpial to two yean*' int<*rest on mieli Monds and it In also 
 intended to hr part of the terms of the said issue that the liailway 
 Company shall pay to tlie Trustees or allow them to retain out of the 
 first inonieM rw^cived in resj)eet of the said itwue of Bonds the sum of 
 £'20(),f)0() to he iield l»v tln>m upon sueh trusts for the eomph-tion and 
 efpiipmt-nt of the liailway herehy niortpi^red and otherwise as 
 hen^inafter dechired. 
 
 And wlusreas liy a resolution passtjii iit a Spi-cial (Jeneral Meetiiiy; 
 of the Shareholders of the Huilway ( 'omjmny (tailed for that purpose 
 and hold on the sinne «lay as hut immediat«'ly prior to the exeeiition 
 of these presents the Direetors of the? (!ompaiiy were duly authorized 
 to issue Moi-tfTiipe Bonds to the amount ae.d In the form aforesjiid lui 
 appearh by a Memorandum endorsed hereon and sipied hy tin- ('hnir- 
 man of the meetinj; and countt'rsifrned by the s<><-retarv of the 
 Kailwav Company. And at sueh Speeiiil Meeting a liesoliition was 
 also pass(>d approvinjj of these prcjsents and the provisions herein 
 eontainetl a» a projier Deed of Trust foi seeurinj; the said Bonds and 
 authorizing the Hailwav ('om|)any to execute the sann- accordingly. 
 
 And wliei'cas the Construction <'om|ian} und the s.iid Horace 
 Janson Be«'mer have at the reipa-st of the Railwny ('om|>auv a^ri'ced to 
 join in these prcst nts for the purpose of i-eleasiiij,' and discluiru'inii the 
 Raihva\- (ompanv and the |)roperty hei-eimifver mort;;ajred fronj 
 ail the covenants and ohlijrations made by the Railway t'ompuny 
 towards tlicni and persons claimin;,'' under them by the herein- 
 l)efure recited a;:reements rir an\' of tlieiri so far as relate to 
 the issue or payment to tlieni of tin- said bonds but notliin<r heriMU 
 contained shall releas(> the b'aiiway ('om))any from any other jirovision 
 of the suid ajrreements nor any liability of the Railway (.'om)>any to 
 make any jjaynn'iits to them in cash or o'herwise inst(>ad of the issiu? 
 to them of such lionds so lu'vertheless that no such provision orlialiility 
 shall alfect the property hereinafter mortfjajjred in ))riorily to the 
 mortffasre anil cliarp- hereby created. 
 
 .\nd whereas b\' way of consid(>ration for the execution b\' them 
 re«[)e(iively of these presents the Railway Cotupany have paid to the 
 Construction Com])an\' and to the said Hoi-ace .lansoii Meemei and to 
 the Trustees n'spectively the sum of one dollar (the receipt of which 
 respe<'tiv(> sums they the said Construction ('ompaiu' llurare .lanson 
 Heenier and the Trustees do liere'>\- res[H>etiv(!ly acknowledge). 
 
 Now this Indenture witiu'.ss«'th that the Kailway Company a.i 
 beneficial owners for and in consideration of the premises and for the 
 purpose of seeming- the payment of the lionds so to be issued and the 
 interest thereon as sp«'eitied in the Interest ('oupons tlu^'efo attached 
 
 
li 
 
 ami every |iint of tlic suitl priiiripiil mikI interest us tlie same sliall liecMino 
 |iiiyalil(' acciiiiliii^;- In the leiinr nf the siiid ImhiiIh liiiv(! f^ntiited War^niiiUMl 
 Hdld aHsje-iird released and eunlirined imd liv these jireHentiH <h) 
 ^{■ranl l»arffaiii sell (issi^n release and cdnliiMti and 'I'he ( 'i>nstriielii)n 
 Cnniiiany and the said llnrace .fansun Meenier in si> I'ar as their 
 res|)eeti\e interests are ■'oiiceriied fur tne purposes aforesaid lierehy 
 convey and conlirm anto the 'rru.>tees their heirs and assie-ns and 
 to tiuMr siieeessors in the trust All and sin^rular the division or 
 ])ortion oC the l!aih\ii\ of the l{ailwa\ Conipanv e\tendin>r from tin; 
 (_"ity of (^uiliec to 'volierval on Lake St. .1 ihn afcu-esald l»ein;r tin' main 
 liiu' of the >aid It'ailwa' extending for a distance of IlM» miles measured 
 ulonji' the trark of the aid railway as the sum(> is now loeatnl and 
 (Minstrueted or in I'ourse of eonstru( tion or as the same iieinu' the main 
 Inu! us aforesaid nuiy hereafter l»e elian;.od loeated and constrMcted 
 Huhjeet onlv as to the hridy,. crossini; 'he River St ( Iharle-; now in 
 course of coiistruetion and the proposed tfcj'miiutl 'Station unil station 
 ^Tounds in (^nenei and the interveiiiiii,'- socti ii of line Ketweeii the 
 said iirldj^'e and the station to such joint rights of user thereof li\' the 
 Queliec .Miaitmoicney and (Jhurlevoi lailwax Coui)' ,i, as tiia\ lie 
 iifrreed upon hetween the ('oni|iany ami the sa I (^uiliee Montmorency 
 and Charlevoix Flailwav (dmpan\' toiretlua- < ith all and sin;jiilar 
 rij-dits of way road lieds depot irroMhos nd laiuls used for the 
 |)urpose of eonstrnition or rmmia;; of the said ilivi>ion or piatiou 
 (if the said railway and all docks piers ipiax s tracks liiiiliics \'iadu(;t8 
 culverts fen 'es dijiots stations stati<in houses station ■.■r'"""''^ tv''"' 
 houses ear houses fiei^ht houses wood houses machiin' shops and 
 all other shops and all other strnctuic.s and liuililin;_'-s whals lever 
 now held and ac(piired or hereinafter to lie in an\\visu held or acipiired 
 hy the Uailway ('ompai.v their suci'essors oi' assijrns foe use in the con- 
 struction umiiiti-nanee and oporatioii of or for tise in conierlion with 
 the rmniiii^'' of such division or portion of the said railway or of any 
 jiart thereof now owned liy it or that may he hereafter constructed 
 And also the steamer '' I'erihonca " now on Lake St. .lolni and all 
 locomotives tenders passeiifjv'r hug-ji-uffc froifjlit and ofhei' cars and 
 all other rollin;; stock and ecpiipnicnt whatsoever and all nia<hinirv 
 tools and implements and all fuel supplies and niateiials now 
 held or ac(piired or hereafter to he held or acipiiicd li\ the 
 |{uilway Company theii- succi'.ssors or assip;ns for constriiclin;,' main- 
 taiiiinj^r op(>ratin^; repairiiiL:' or replacing' the said division or pcation 
 of the said lailway lietween the points aforesaid or any part 
 thereof oi' lieiii";- used in connection thi>r(nvith or any of the I'lpiipnuMit or 
 appurtenances thereof. And .dsoall rov«n\ies freiji:lits tolls incoun> rents 
 issues profits and sums of money arising or to arise from the use id' the 
 said division or poi-tion of the said raih\a\' or of the jiropeily herehy 
 conveyed or any part thereof suhji'ct nevertheK>ss to the working 
 oxpeii.ses of the said railway docks piers (piays and steamer aiid 
 to all rates taxes and a.ssessments and other (iovernnient 
 eharj^es Anil also all rii^hts privih'tres jiowers innnunities aiul exemp- 
 tions and all corporate and other fraiu'hises iu)w owned held and 
 

 
 iiijii\i>(l l.\- till- l^iJ v;i\ ( 'iiiii|i;iii\ cir lii'ifal'tn- In Iii' liclil aiul 
 (•iijiist'<l or (•(iiiiV'n'tl ii|niii tliciii tlicii' sihci'smus (It iissi;;!!-^ in any wiiy 
 eoimcctcil witli ni' rclatinir tn ttn' saiil (li\isii.ii or portion of tlic said 
 niil\\a\ coiisiiMictcil and to \)i- coiislnnlcd oi- to tlir Miid dm'ks |iii'rs 
 i|na\ s stcaint'i- and |ii('inisi's ;inil tin' licni'lit ol' any ai;i>M'ini'nts con- 
 iii'ttcd tlificwitli oi' irhilinu tlicrctoiind in pai licularof tlic ii^ii'i't'inritts 
 for c'dii^tniction at'ori'said so fai- as tlicv iclali' thoii'lo or to any )(art 
 tlif.'col'. And the rcvi'fsioii and icsiisions r( uiaiiidcr and I'l'inaindci's 
 
 tlirirof. 
 
 'l"o li;i\t' and '.o liold thr alii.vc iic>ciilMd di\ ision of portion of 
 tlif said l{ailua\' and tlio lauds nsni for the ]iiir|ios(' of constrnctini; 
 or runiiin;; <.f tlic said division or portion of ihc said railway an<i tlic 
 said doiks pici's (pia\s and >tcanN'r prrndsrs things rij^lits jinilits jtrivi- 
 li'ors ininmiutics framldsi's and pniidscs acipdrod ;iiid to lie accpiirod 
 and liir<di\ (AprcsstMl to ho coiarvcd and nilcndcd so to lir Iroc 
 front iniaunhranct's I'lito llio 'I'l-iistco tlnir siicci'ssors and assii;iis to 
 tlir onK nsc and l)clioof of the 'I'rustccs tlicir su(<'t'ssors and assi;^iis 
 upon tilt' trusts lirn'iiiaflt'f di'darcd conrcrinn:^ tlio sami'. 
 
 i'rovidt'd al\\a\satid it is liir<'l)\ aiii'i'cd aiiil dci land that init- 
 w itlistamliiit; an\tldii;.i- in tlic licrfiniK't'orc ri'idlcd Arts of I'ailiaincnt or 
 ill anv other Acts of I 'afliaiiiciil now cxistiii;^ the Uail\va\ < 'ouipany 
 >hall retain fidl |)ower to inor:;ja;^'e pledLTc as>i:^ii ami otherwise deal 
 witii ail and evcr\ their railwas |irt)peit\ and undertaLini:- fice(l and 
 discliarticd from an\ lien or niorti^a^'-c rhuni •<( the lionds .secured 
 Ina'cliv e\eipi Niich portion III ihe vaiil railwas piopert\ and under- 
 ttikini; as l^ heieliN niortuatred and pledged for 'he se(airil \' id' the 
 same lilit the\ ^ilall not ixiaiase ir attempt to cNcrcise such power 
 without the wiiiieii cpiisent theri to iif the I'l-iisfees lirst had ami 
 olitaiiied unless an<l until lhe\ shall !ia\e obtained le^^'islat i Ve power to 
 inorlua^^e plediH' assitjii m otherwise deal a* aforesaid with such other 
 portions (d 'heir said ju'opeitv and iindertakinii sepuialeK and distinctly 
 from the poitious ,,i the propert\- herel)\- mortiia^ed and pledui'd aini 
 jt is hei'eli\ iti'i'eeil and ileclaied and till' Kailwav ("oinpaii\ herelis' 
 express!', covenant with the 'I'rustees their siicces.sors and assigns that 
 an\ siiliseijiicnt ismic of HoniN moiti^ajic pled^jc or <'hari;e shall coiit tin 
 a declaiation exempting the piopiatx liereli\ inorty;a;.'<Ml from the 
 setiiiil\ ihia-ehy cri'aled and ihe ..iperation thiu'etd' to the nilenl that 
 the lioiids hereliv seiaiii'il iiiav he a (irst and exclusive charge upon the 
 Uaihsav and pi<ipial\ liereh\ iiiort:^a:iei|. 
 
 And it is liereh\ aL'icedaiid declared that the Trust ees and t heir 
 .successors in ihc I'riist shall hold ihi' pn iiiiscs herchv assured anil also 
 tlie said slim ol' }.■■.'((( ijmki and thi smiis s., in he paid as aforesaid h\ 
 was of pro\idilii;- fiU' the interest on the said Ifoiids a.s and \\heii the 
 Kame shall lespcil i\ ol\ hi' receM'ed upon the trusts to and for the u.ses 
 
 iind purposes and with the powers .ind ;iutliorit\- and upon the con- 
 ditions liereiniifter ineiitloned ami .set fnrth that is to .sa\ : 
 
Aftirlc 1 . I'Mlil licl'iiiill ^1 111 11 1)(' uiiiili' liv till' I{.iil\\ :i\' ('iini|)aii\- in 
 tile |)ii\liii'ri! of tlir iiriliii|iai nr i)itcrcsf of tlir siiid !') mils lirrcliy scciirril 
 oi' soinr oiif or iiioi'o of thrill or iintil (Icfiiiilt >1im!1 lir niailo 1)\ tin- IJailw ay 
 < 'oin|ian\- in ri's|icct of soiiirtliiii;:- In at 'in i'('(|iiiii'i! to lio ijoiii' oi' ki'|)! hy 
 fliian the ItaiUvav ''oni|)aii\ -.liall lie sullcH'il ;iiiil |ifniiilt('il to |io>s(\ss 
 Mill nai^c ami I'n jos t in ■ said 'lis ision or [loition of t iio said railway and tlin 
 land dock • piiTs i|iia\'s and stiaiiirr ixpn'sscd to Itc lonvi-ycd and a-^siir'^d 
 li('n'l)\ toi^ctlicr willi tlir fi|ui|Fiiicnts and a|i|iurlciianrc.s t liori'id' or used 
 ill t'oniii'ction tlicrcw itii and llu' frani'liix-, a|i|u'rtaininj: llicrrlo and to 
 tiiki' and IIM-' the n-nts iiiconii's protits lolls and issin's tlicri'of in tlic 
 sanii- manner and witli the saiiio ctfi it a> if tins deed had not lircn made 
 Inil suldi'it i.r to lie siilijci'l iir\ ct ihcli'ss to the lien i'| thcsi' pri-scnts. 
 
 Artirlr .'. In i-d>v default shall lii made in the p.ivnieiil iif aiiv 
 interest to accrue en ali\ oi the aforesaid lioiids to l.r issued li\ the 
 l!ail\sa\- ( 'on I pa 11 \ when siwh interest .>liall lieioice p:i\alile accord iii;^' to 
 the tenor id' such Hoiid or the lernis . d' an\ cf mpon t hereto .niniAeil and 
 such default shall continue for ihi' period of thiei- months or in case 
 default shall he made in the oh-.ervance or performance cif :in\ ..tlicr 
 matter or tliini: in t hese presents laenl i^ 'ncd and a^rci i| oi- 1 eipiired to li(> 
 observed and performed In the Uailwax ( 'oinpany and siich difiiill 
 shall contiime for the jieriod i,t three months then and from theni-c- 
 forth and in either of >ncli cases it -hall he lawful for the Tiuslees 
 or for llieir attninex- or agents to enter into ami u|ioii all and 
 siiiLTular the said duisidii o|- poitioii ol the said raihsa\' and the 
 land docks piers .pia\s aid steamei- and other the premises hereli\ 
 ciinveviil or iiiteiided s. > to he or to lie aeipnied or cole 
 struc(<^l or uli\ |iart tlierenf and from theic'efoith to have hold 
 iMissess iiiid um' the said railway land docks jiiers ipiay- steamer and 
 preiniso iilld emh a'id cver\ part and parcel thereof tluii suliject to 
 the lien tif tliene present-^ with full pc'Wcr to uperate and ciuiduct 
 the liiisiiie.-w of tile said division or portion ol the said railwav and iIk. 
 rtiiid land docks piers i((( ."s steal ner and premises hy ti • o- snpci luteudeiits 
 iiianaeers amJl M'rvaiit> alloriiev s or a_' nts either in eoniuiiclion « itii 
 
 the persons ot companies oeraliiiL; and coiidnctinc tj t hi r port ions 
 
 of the said railvviis' or otio'i w i.-e and to mak' Ii'mii liiiic !!• lime all 
 repairs and rejilacemiiil.'* am! such useful alterations additions and 
 iin|)rovi'meiits thereto is mas --eem to tiiein judicious and lo collect 
 and receive ail lolls fares freights iieoines rents is>ues and prolit> nf 
 the same and of e\er\ part tliereol' ami after deducting the expense- 
 of operalinc- the said di\ ismi or portion of the said railway and the said 
 land doid^s |uersipia\ s steamer and premises and coudiictiiie the liusiness 
 thereof and of all the said repair- replacements alterations addition- and 
 iiiiprovements and all pa\'tneiits winch iiia\ he made or iiuis' he due for 
 tuxes assessments charees or hens prior to the hen id tliese presents 
 upon the said preniiscs or iii\ part thereof as well as reniiineriition and 
 just coiniieiisalion for their own services and fm the services of such 
 utlornevs and counsel and all ■■! Iier ujj:t'iits iiiid jiersoiis as shall have Ikkmi 
 l,\- Ihein empl"\ I'd the rriisii'cs shall apply the mom '\ arisine; from such 
 
8 
 
 colliM'tioiis uiul receipts as afoivsiii.l d. tlic piiyiueiit of interest on tlio 
 said IJoiulsii! tlie ordvr in wliicli sucli interest shall have heeonie uiid 
 shall l).'e.)nie due rateably (<> the persons entith-d to such interest 
 and if after payini:- in full the inti'rest which shall haw aeiTiied on 
 the said lionds a surplus of tiic nione\ s arisini:- as aforesaid shall remain 
 and the principal of said lionils shall not he due and such snrpl- 
 or an\ part thereof -hall not lie re(|uirecl in the juiLiucnt of t' 
 Trustees lor the protection of the property or to |irovide for the 
 iustalnieiit of interest ne\t thereafter to fall due the same shall he 
 paiil over to the Uailway ( 'om|»any l)ut in ease the principal of the said 
 hca'ds or aiiv of theui shall ha\e hecome due the surplus arislnfi; as 
 aforesiiid shall l.e reserved to he applied to the payment of fhi' saiil 
 honds upon a sale ,<[' the said railway land .locks piers ipiays steamer 
 and prennses as hereinafter provided. I'rovided always that the time 
 duriui;- which thi- Trustees shall hold and run the said division of the 
 Itailway under the provisions of this Aiticle ^hull not exceed the 
 pcrjoil of .'lit vears for an\ une detaidt. 
 
 Article ;. In .use defaidl shall he made in the payment of 
 interest on the said honds or anv of them as aforesaid and shall 
 continue as af(a-esiid I'or th" perioil of six months thereafter or in 
 eaM> defaidt siiall he made in the iiayment of the principal of tlu' 
 said I'.onds or any of them or any part tlcreof or in i-ase defaidt shall 
 h(> male ill the oliservance or performance ..f any other matter or tliiujr 
 in these presents mentioned and aixreed or reipiired to he oliserved and 
 performed liy the KaUway ( "onii.any and such default shall continue 
 for the period of mn months then it shall he lawful for the Tmsices 
 after such enirv as aforesaid or after other enir\ or witlauit entry j)er- 
 sonalh or In their attorneys or u^oiits to sell and dispose of the said 
 division or portion cd' the said railway and the said land docks piers ipiays 
 sti amer and premises and all ami siu'^ular the properly riii-hts anil 
 franehiso hereinhehue ■■xpresM'd til heconveved and assured and which 
 shall he then siihj,.ct to tiie lien of these presents either separately or 
 in ciiniuiictioii wiih tlii' owner or owners for the time heinir ot 
 the reiiiainiiii.' portions of the said line and t itlier to^r,.ther or 
 ill parcels al piihlie auction in the city .if t,lueliec in the I'r.'Vinee 
 of (,liieli.M' or els. wh. re in North America or Kurope ami at 
 such time as the Trustees shall appoint haviiii; lirst ■^ivi'ii ii.iti.'c of 
 the time and place of such sale h\ a.lv.'rtis.aiient puhlisli.'.l not less 
 than thr.'e iim.'s a w.'ck ha six su.'.'cssiv.' weeks in ut least two ilaily 
 
 new-papers in theCilv .if (^ii.'l .me of whi.h shall he piililishe.l in 
 
 the Kren.h lanfruiiffe ami th.' other in the Kai^ilish laii^ua;!.' aii.l in on.- 
 or more daily n.'wspapers in fli.- 'Jdy of London Kiisjlaml aii.l after 
 su.h notice it shall he lawful for the rriistees to make such sal." 
 or to a.lj.airii such sale Inmi time to lime in their .lis.-retioii ami 
 if S.I adjoiirniiiir to make the same wilh'iut further notice .d' the 
 til, I.' iiid place lo whi.h th.' same shall hi' so a.ljoiirm'.l an.l t.i 
 mak.' an.l .hliv.'r to the piirchasir or pur. hasers of the said railwav 
 and pi.'inis.s oi an\ part ih.'reof 'jooi! an.l sulVnient deed or deeds 
 
SSI}:! IS 
 < f..r 
 
 "I (■(nivcyaiici' ami as-iur;iiirc in the law for llic Haiiii' ali.s..|iitcly 
 svliich sale iiiailf us iil'urcsaiil sliail hi- a |MT|M'tiial bar ln.tli in law and 
 i'i|uit_v anaiiiHt tin' iiallway < '.ini|)any and tlicir as.si;;iis and all other 
 persons claiinini; lli'' .-aid pri'Miise- or an\- part or parcel tluM-col' 
 h\ from lln-ouL;li or undii the iJaiKvav' ( 'ompanv or tlieir as.- 
 and after deiliietinu-' froui the pioi leds of siah s;de jnst ullowaiu'cs f 
 all expenses thereof i)ieliidin^- attorm\s' and iianisels" fifes and all 
 olher expenses ad\ aiiees or liaiiiiit ies wliieh mav have i)een made or 
 imiured liy th>' I'nistees in ojieratin:; or niaintaii.inii the suid railway 
 land doeks piers (piays steamer :mi| premises or in manaj,'inji- the Imsiness 
 thereof and all payments liy ih.'m madi> for taxes or ii.s.sessfuents 
 and for rhar^es and liens piioi' to the lien of these presents on tiie 
 said premi.ses or .my part tl.eicof as well as a reasonalde rompen.sa- 
 ti(ai for tlieir o\s n servii'es in additii^n t(p the amount of i.'4(l(l 
 pet annum for the 'I'lnsiees ami tlii' anioinit of .L'KMI per annum 
 
 for .\^cnts herein.ifler menti I it shall lie lawful for thr Trustees 
 
 and it shall lie their dut\ lo ajipK the residue of 'he moiie\s arisini.'- 
 from suih sale to the pa\ ment ol i he |iiancipal and accrued and unpaid 
 interest on all the said I'.onds which shall then li • ontsiamlin.Lr without 
 disci-imiiiiilion or preiVrence as hetween principal and accrued and 
 unpaid intiTcsi or a> hetween the holders of the said l>onds oi' of .inv 
 (•■lUpons issued therewith re|)resentinj^- acciiied and iin|iaiil interest 
 lint cfpially anil rateahly to all snch iJoiid and Coupon holders 
 and if after the pavment and satisfaction of the principal and 
 interest of the said i'londs a surplus of the said proceeds shall 
 remain to pay sinh surplus to the Kaihvay Compans or their 
 assi^rns. And it is h.rehv declar-ed and .i:;reed that the i-eceipt 
 of the IVustees shall lie a siillliient disch.aiye to the purchaser 
 or ]tiircha.sers ,it such sale for his or their purchase nioue\ and that 
 alter payment of such purchase mone\ and having- such receipt such 
 [lurcliaser or puichascis shall not lie ohliijed to inquire into the 
 applic.iiion of siii-h |im'iliase mone\- upon or for the trusts or piiriioses 
 ol these presents or he in anv manner whatsoexcr aiisweralile foi- an\' 
 loss misapplication or noii applicaiion of such itiirclia.se nionev or of 
 any |iart thereof or he olilioed or eiitithd to empiii'e into the necessity 
 e.xpi (lieiicv ol' aiilhoi it \- of or for aii\ such sale or as to the I'mstees 
 hiivinj: issued advertisements or otherw ise complied w ith the provisions 
 hereof hut sucli Side shall as ii'i;aii|s 'he safety and protection of every 
 purchaser he alisol-iteU \alid and iiniinpeaehalile and the remedy of 
 the liaiiwaN ( 'ompanN i if aii\i shall In' onl\ in dania)^es au'ainst the 
 \endor-i. .\nd it is herehv also drrlared that if an\ of the premises 
 herein loiiiprised shall afdr the power of sale herein contained shall 
 have arisen (of which fad a ilcclaratioii li\ the 'I'rustees shall he 
 siilli'icnl cvuleiicei i( mam unsold it shall he Lawful tiu- the i'rustees lo 
 h't the same 'or such ti-nn and in such manner as shall in their or his 
 discretion seem lii and I'lev shall ap|il\ i!ie r^et iciils and prolits to 
 arise iherehy to the pasnieiii of ihes.iid lioiidsand accrued and unpaid 
 intel'est as upon a sale of the said railway land docks piei's ipias's 
 steamer and premises, 
 
10 
 
 Article 4. — It sliall lie tiif iliity of the 'Pnisici .s to t^xcrcisc tlu> 
 jiiuvcr of tMUl\ lirrcliv ;,'-|jilit('il nv till' [iiwcr lit' smIc luTchy ;,'i:int(Ml or 
 h'ltli i>i til |irii(MH'il li\' suit or suits in i'(|uit\' m' at law to rnforrc tlio 
 rif^lits ol' HomllioMiTs ill till' si'\i'iai lascs uf (Irlaiill licrciii s|icci(i(>(l 
 on the part nt the KaiiwuN ( 'iiiii|iaii\' or tlii>ir assi;,'-iis in tlir iiiiiiintT ami 
 sulijfi't to llic i|iialili('atii>ns licn.'iti rx|in'ss('il iiinni tlif r('i|iii-iitii>n nf 
 lJoiiilliolil''rs as licn-iii iiriscrilicd us follows: ;- 
 
 1. — In cast! default shall hi' inadc in |tavni('iit of intorcst to 
 accrui' on aiiN' of thr said Uonds to he issued as heieiii provided 
 mid sucli default shall lontiniie as ifnresaid for a period of six 
 months then and in ever\' siieli rase upon a reijiiisit iun in writinir 
 signed hv tlie holder or holder'- uf Ivuids to an au'^rreifato 
 aiiii'iint of not less than one lifth of the ainounl of said Hmids then 
 outstanding: and ade'piate and proper indeinnilieaiion of the 
 'I'rustee.-. ai^'ainst the fists evpenses and liiiliilities to he li\- thi ni 
 incurre'd it shall lie the duty of the 'I'lustei-s to |)ro(^eed to enfoire 
 the rit;hts of tiu" bondholders uinier these presents hy siieli pro- 
 ceedinir authorised 1)\' thise presents mc |i\ law as they shall lie in 
 sueh reipiisition direi'ted to take or if such rei juisit ion eoiitaiiis no 
 such direction tneu 1)\' entry sale or suit or suits in eipiiis- m a 
 law as tliev heiii;r advised liseniinsel learned in the law shall deem 
 iiio.-t expedient for the interest of the holders of the ^ "id lionds the 
 ri!_di1> of entrv and sale lieieinliefoie Lirunted lieiii^' intended a.s 
 cuiniilati\e remedies additional to all oilier remedies allowed 1)\' 
 law for till" execution and enforiMMin-nt of the trusts hereof. I'm- 
 vided nevertheless that it --hall he lawful for a inajoril\ in interest 
 of the holders for the time i)ein;r of the said Hoiids li\ all 
 instrument under their hands and seals or l)\ a vole at a nieetiiiir 
 duly convein'd and held as hereinafter provided to direct the 
 Trusteed to waive such di'fault upon such tiMiiisas may he directed 
 hy sucli majoritv in such instrument or li\ such vote and thereupon 
 ami upon |)ri'per imli;iniiit\- heine ;jiven to them the Trustees shall 
 waive the said default accordingly. And it is liereh\ provided 
 and expressl\- agreed that no holder of Honds or ( 'oupons secured 
 to he paid h<Teh\' shall have the rii:ht tn institute an\ suit or pro- 
 cee'din^' for the fnreclosiire of this Indenture oi' the execution of 
 the trusts thereof e\ci'pt upon and after the refusal or lieelect of the 
 'I'nistees hereunder to proceed to act in the premises upon reipii 
 sitioii and indoiiuii^icatinn aforesaid hut it shall nevertheless he 
 lawful for a majorit\ in interest of the holders for the time 
 hein;/ of the sa d Moiids to direct the part\ or parties lirini.,Niie- 
 any mh h suit or proceeding: to waive the default or defaults on 
 which it is founded in like manner as i« hereinhefort^ pros ided for 
 tt direction to tlii' 'I'rusti'es to waive default and thereupon and 
 upon proper indemnity liemfi; given I" the party or parties hriniiine' 
 Much suit or proceedin(r lie or they -.hall waive such defauit 
 ac(;orilini.dy. And it is lierehy further declared and |irovide\l that 
 no action taken hy tlie Trustees or li> the Hondhohlers under this 
 
11 
 
 <'liiust' sliall j)rrjii(li('<' or in any niiitiiiiT MfTccf the pDwers orri'iilits 
 of tli(> 'I'nistccs nr iif flio |{iiiiilli(il(l('rs iii tlic cvi'iit nt:' aii\' siihso- 
 ((iicnt (Icl'aiili Iif lirciicli nf cuMilition or covi'iiatit herein. 
 
 ■^. — If the l>'jilu:i\ ( 'oiii|iini\- shiili iiiiike ilefiiiilt or lircMi'h in 
 the iierforiiiance or oliservanee of an\' othi'r loiiilition ohli^^ation 
 or rei|uil'eniellt li\ the saiil liouiis or hv tiiis present ileed imposed 
 on tlioin then ami in ■•iieli ease the I'ni-itees shall upon a re(|nisi- 
 tion in maimer aforesaid of not less tlian one-tit'tli in interest of 
 tile Koniiiinliler-> for tile time iiein;;- anil upon ailei|iiale arni proper 
 imiemiiilieatioii of tiie Trustees a;i'aiiist the i-osts expense,-, and lia- 
 liilities to he lu' tliein inenrred proceed to laiforee tjie riudits of tlie 
 liondholders nmhr tli(\se presents in tlie manm'r l)V the first clauseof 
 til is Artirle pro\ided suhjeet to a power in >iii-h ma joritx'at an \' time 
 to direct ill manner aforesaid tho I'liiHtees to waive such default or 
 hreiieh upon nparation therefoi-to tlie satisfaetion of swell nnijority 
 heiiijiumdeand t he 'I'i'iistees shall upon proper indemiiit y heiiii,'- ni von 
 lo them wai'.e llie same aeeordiiiiri\'. And it is herein' provided 
 tluil no aetion taken 1)\- the Trusteesor h\- the liondholders under 
 this clause >hall |irejiiilice or in anv manner atVect the jiowers or 
 riirht> of the Trustees <ir of the bondholders in the exetit of an\' 
 suh^eipient default or lirearh of condition oi' covenant herein. 
 
 Al'ticlc ."). 11 at the expiration of tlie said term of ten \ ears for 
 wliiih the tjiiaraiilee of the said (iovernmeiil is L;ivcn there shall not 
 he in the hands of the Trustees either out of the aceumidation in 
 their hands of the net eiirninus duriiii;' tin' said term or hy means of 
 pa\liicnt to ihom o\ the Kailwa\' ( 'oinpany or in hotli these wavs a 
 siillii-ii lit lunoinit to pa\ two \ears' interest on tiie --aid lionds or if at 
 an\ time ihereafrcr 'luriiii;' the continuanci' of this security the 
 Trustees sliall cease to have in their hands such a sullicieiit amount 
 us aforesaid then and from thciicefoith the princi|Mil sum of each 
 tnid ever\' of the Hond>. hereh\ setaired sliall it the option of the 
 Trustees hecoine and he ilimiediutelv due ami payahle iiotwith- 
 standinii the time limited in the ~aid Honds lor the payment theri'of 
 nni\ not then have elapxii and the 'I'rustees shall fortliwith i- ill a 
 mietiii;^ of the Moiidholdeis as hereiiiuftei' provided and shall re|iort to 
 them that such default has hetMi iiuide as aforesaid. Provided always 
 that a m,iioi-it\ in interost of the holders of all the said Honds which 
 >hall lie thill o!it.-tandiii;j shall have the power hy an iii>iriiment in 
 writing under their hands and seals or h\ a \ ote at such meetin::' 
 to instruct the I'rustees to dcclari' the >au\ |irincipal due or to 
 naive the r;:rht so to declare on surli term- and conditions as 
 sui-li inaiorilx- in interest sliall prc'-crihe :ind ^iicli niapuitv in interest 
 nni\' h\ such in^riiiment in wriliiiii- or --uch vote annul or re\erse any 
 declaration of the Trustees m respect of said lionds hecominw' or not 
 heeoinin;;' immediateK pa\.ihle provided tilwaysthat no act or omission 
 either ot the ! ruslees or of the liondholders in tiii> premises shall 
 extend to oi lie taken in anv manner \vhatsoe\('r to allect .inv siih- 
 sequeni del'aiiit or the rii^hts resiiltiiiii- lherefri.1111. 
 
12 
 
 Article t). -Ill case .Icfiiiilt sliall 1m> nia.lc in the |)Mym(Mit of 
 interest on tho said Huiids ,,r any ..f tlioni a.s uforcsiiid nnd >iiall con. 
 tinuc as aforesaid for a [.ciiod of six iiioiitli« lliereafler or in casp 
 default shall l.c made in ilie |)iiynieiit of the |.riiici|,al ,.( (he >aid 
 Bonds or any of them or any part thereof tiie ri-hf of vodnj; |„,ssessed 
 by the Shareholders of the Kailway < 'oiii|)aiiy .shall eease ami deter 
 mine and shall tlierealter appertain sol<'l\ |,, the M.mdholdeis pn-vi led 
 thnt any Bondholder before exercisin;: such riLilit nf \,,iinL!- shall 
 reiiister hl> MmiicIs and any transfers thereof af lea-t ..iie week 
 previous f.. date of aiiv (ieneral Meeting:- at wlii.'h it is desired t.. esneise 
 such rii^h! in the same manner as is providecl f,,,- le-istral ion of shares 
 of the l.'ailway ( 'oiiipany ami it diall he thednts of ihe Secrclarv of 
 tlie iv'ailway (Mmiriiiy to reyislei the same on hrin- re.piiied so to ,\» 
 hy anv holder thereof oi 1,\ any liolder uT aii\ transfer tiicreof. 
 Provided always that in no case shall the City ,,f (7url,e,- l,,se 
 its full rijihts as a shareholder in the liaihvay Coinpanv ind the 
 provisions as tM determination of rii:ht .d' votinir herein contained 
 shall not ;ipply to the shares owned l.ythe ( 'nrporati.Mi of the said 
 City which >liall coiitiinie I i he represent. m! on the h,,„,-,l of directors 
 of the K'ailwax Conipany and >hall he entitled to if, inf,.,rst in the 
 net revenues of the said railway after the prinrapal and interoi ,ai the 
 Homls shall have heeii paid as provided iiy tlie said .\<t hut this 
 jiroviso ,hal! n..t affect the al.sohite operation of a sale under the 
 power ol sale iiereinhefore eontailieil. 
 
 Article :, The 'i'ru.st.-.- shall at all times <li,rmo- the CMnliuuan.'e 
 of the trusts herein created have power and autlmritv t.. he ex.Tcl.se,! 
 in their own dis,Tetion and not othcrwis.' to ,-,,nvey or release from the 
 lion and operation of these presents up-.n such teim.^ as thev max think 
 fit to any jiarly ule. may he designated in writin- l,v the iJaiKvav 
 Company to reeeive the same any p.,itiun of ihe lands and premis('.s 
 conveyed heivi.y o,- al any time rnpiire.l ,,r he|,| hv the Kailwav 
 
 Conipuny h>r iis,. m <'oune,-tion with the said division ,,|- p.uti f the 
 
 sani railwav or the docks piers or ,pia\s ,„■ the construction main- 
 tenance or operation theicf hut ulnCh in th.^ jndi: nt ..f the 
 
 Trustees shall he unnecessHrv t.. Iw hui-er retained h.r use in oniiecti.Mi 
 therewith and in parti<-ulai may rcleas.' uii...mlitionalls suHicient land 
 conti-ictis to th'' line i.f railway h.r the .•r..cti.,n ..f liie .■!, vat.,r 
 hereinafter ivh'rr.d t.. an.l ih.^ 'I'rustees shall als., \r.i\r power aid 
 autln.nty t..alluw Ihe Kailwa\ ('..mpaiiy fr..iii liimi.itime to dispose. .f 
 in theirdiserell.,1, such p,,rii,,ns ,,f the e.piipment ma.hin.'rx implements 
 an.l thm-s al any time a.'.pmcl ,,r hehl f..r tli,. us.' ..f the said ,llvisi.,n 
 
 or p..rtmn ..f th.^ s^ii.l railway an.| st.Mni.r as shall Imv,. h, ne 
 
 untit .ir unn.M-,.ssarv ha- sinh us... And als,, p,,uer f ami when tli.^v 
 
 shall he ill pos»essi,,n ..f tlie sai.i .livisi -r p..rti -• the said railway 
 
 laud do<-kspi,as.|uays steamer an.l pnanis.s .,r pre. ioi,m,, a sale there.. f 
 by them ..iit ..f the ass.Ms m then haii.ls fur the time bein-- t.. expen.l 
 Huchitsiim .,r sums of ii,oiie\ up,.n tin' residue of the UailwavCan 
 ptmy's line .,r t., enter mt.. such a«:reenient in relation to the \v..rkimr 
 
\i 
 
 ""''■""'' "" "'■'> '" 'I'-i'' 'liscivtiMi, l„. .,..ss,iry ,„■ ,Mlvi.-*,.l.l.. in (m\rr to 
 
 i'n.inutr ll„. tniMic und t., i,„n,.,s.. thr .■.■v'..|.i.(.s mimI in,.,,,,., ,,|' i1„. 
 
 'Ii^isini, u,-,,,.rti,,i,,, fil,,.s,u.l niilw,ivla.,.l,|,,.ks|,i,.,s,,NM\s St. .„„„.,• i,i,.l 
 |)n.,i.is...s .•,„„,„is,,| ,„ tl.is scMirlty a>,(i !■,„■ tl„. ,„,,-,„,s,. ,",f „.s,,., tMi„i,,;r 
 til.' i,r-.p,,iii,,„ Mf tl,.. r-v..„,„^s ai„l ,i„,.„„. ,|,.,-iv.Ml f,-,.,,, tli.^ thn.iifrli 
 
 ''■''"' ' ^^•'"'<i"y "f 111" .sai.l .Mitiiv li„.. wl,i,l, is n.f.Ti.l.lc I. I the 
 
 l"-"|'"«ti,„, ,,f tl„. o,.,„.,„i ,.x,„.„s,.s „( t|„. sKi.l ,„iir,. li,„. wl.ici, ,.u;.|,t 
 t.. 1... I„„„,. l,v tl„. ,livisi.,„ nr ,,.,ri„„, tl„.rc..f :.,„! t|„. s:,i.| |,„„| ,|.,rks 
 |)MTs,|l,i,ysst,.;,„H.r ;,,„! l„M.„.is,.s ,.,„„,„is,.,| in ,|,is s...Ml, ,1 v t,,sul„nit 
 tl..- SUM,.. I,> arl,itri,ti..i, ;„„| |,, airni-, w„l, tl,.. K'ailwav ('.nnp.nx ,.r 
 "tlirr tl„. |„.,.s,,„ ,„• |„.,.s,.„s int..,vst..,| ,l„.,,.i„ a ,,,,,,„,, ^vst,.,,, ,,f 
 <livi.si,.n l,y whn.ji mi, I, |„,,|„„-f i,,,, ,„„y I,,. ;,s,v,-tain, .1. 
 
 A.ti,.|,. ,S. Tl,.. T,Mst.M.s shall slan.l ,,„ss..ss..,| ,,f ,|„. sa,.| ,un, ,.f 
 X-JniMMK. s,. t., I„. |,,„.l t,, ,„■ n.i:„n,.,| h, .l,,.,,, ,, .,f,,n.sai,l :„„1 ,„ any 
 mv..st,„..„tsf„rtl,.. tin,.. I,,.,,,;... ,...|„...s,.„,n,^r t|,.. san„. (all uliiH, s„n, 
 aiKl .„v..stn,.-nts a,.,- l„.,.,.i„att.T n-iWr.;l t., as tl,.. - CMnpL.ti,.,, 
 
 ''"'"'' ' "I-"" tn.st that l,„tl, th,. Capital an-l ih,. In „.• „t' tin- 
 
 <'oi,.|.l.-li.,i, lun,l may (V,„„ tin,., t,, n,,,,. h,, „|,,,|„.,| t,.,,,,,.,,,- •„ ,,f 
 
 111.- tnlluwin- p,„.|„,s,.s that is t.,.say : Tl,.. -• pl,.,i„n „r,h, stna- 
 
 t...„ an,l .-.p„p„„.nt ..I' th,. sai.i .livisi,,,, ,„• p,„.,i,.M ,.f ,]„. sai.i laihvav 
 'l'>.'l< p.rrs an.l.piavs i„ a,.,.„nlan,.,. with tl„. sai.j a^,.,.,.,,,,.,,, „r ,h',. 
 I"lh ,lav „f.l„lv iss;!. Th,. s„ppK,n,„f all s,„.h l„,th,., sta.,,.,, an.l 
 ""'.'■'• '""I'""'«- '"ilniv- .st,„.k, „,a,.l„n,.,.s ph,,,, :„„| ;,,,,„„ ,„„„„,,,, 
 iirlK'h'san,! thn,i;s as M,ay in th,' ,,pini.,n ,,f .\l,.\ai„l,.r I,,,,!,.,-. Li-h, in 
 
 tlH'.sai,la-,.,.,.n„.nt nain,.,|,„.aft..,.his,| ,,s,. ,„• „, ,|,„ „,,n, ,"f |,i, 
 
 ""'"- ""^''''" •" "iiu-illin. t,, a.t th,.n „. th,. ..piin',,,, ,,t .,„.h ,,tl„., 
 .■ii;:ni..,.ras,nay l„. ann...,| „p,,n h-.t.v,...,, ,)„. K'ailu a v < ', „np.,nv an,| 
 tl..' Tn.st.M.s ,tl,.. sai.I Ah..xa„-I,.r I.imI.m-s la^ht ,„. s,„.h „th,.- ,.„.:,„,.,.,• 
 
 l..'n,.h..n.,nart,.,..:,lh.,|-Mh..|.;„.i .,.")l„. -..ssafv f,.,. ,h. tl„,r„u,.hlv 
 
 ••""■'""" "■'"•'^"'^- •■•' '!"■ -^'''-I 'livision .,r p.,rti„n ,,f ,1„. ,ai.| .-ailuav an,| 
 tlu> sai,l ,|,„.ks pi,.,.s ,p,ays ami st,.a,n,.,. h..,-,.i,x „„„.,.,a.,.,| anil th,- 
 Tn.st.vs n,av a,.(.,.nlin-lv tV..n, tin,,. t„ li,,,.. i.p',,,, ,]„, ,,^^,„,,, ,,,■ ,,,,, 
 
 iJ'Hlua.N f,,n,panyan,l „p„n th.. pi-,-,|,„.ti,,n ,,f .■,M.tili..at..s pn,p,,rti 
 
 tn lu.omnt.Ml l.y th,.,.i::,i, r pa.v ,.ul ,,f th,. ..apital ,„■ ,„..,„ f ,h,. 
 
 ('nn,pl,>t,.,n Fnn.l s„..|, a s„n, as may I'n.n, inn,, t,, tin,,. I„ „an„.,| in 
 
 .MM,.h,...,.t,(i,.at,.t.,tl,.. j,.inta... nt„r tl,.. sa„l I l,„a,.,. ,(ans„„ li,...,,,,., 
 
 un,l th.. K'aihvas (',,n,pa.,v at s,,n„. Hank t,, I,., na I ],s ihm, an.l 
 
 a|.pn,v,.,l l,y th,. Inist,.,.s, .\n.| if anx pari of th..C /.h.-i,,,, F,,,,,- 
 
 .shall ivinau, n, th,. han.N „f th.. Tnisf.c.s aft.M- th.. p,-,„|,„.,„,n ,„ an,| 
 payin..nt In th.,,, .,f a ....rtilhat.. purp.,rtin,.: t- Im. th,. (jnal ......tilh.at,. 
 
 ..f th,. ,. 11-111,... ,. a, „l ..xp,.,>,sin,- ,„■ i.nplyin. that ,1„. ...,„st,-„..ti,,n ami 
 
 "■'''■"""^''''"■-^'i.|al„lals,,„f th, ..i,.val.„h,.,.,.n,aft,.,. n„.n,„,n,.,| ar,. 
 
 finally ,.,,Mrli.,l,.,| th,.,, ami in sn,.h .'as,. tl„. Tn.st,.,., shall np,,nth,. 
 
 HMpu'si afon.sai.l pay s,,,.], n.maii.iny- part ,,f th, n,,,],.,,,,,, c,,,,! „, 
 
 'laM"..inta,...M.intaf,.n.sai,|. fr,,vi,l,.,| aluas s an.l ,t Is h..,-,.hv ,.<p,.,,,slv 
 <l.'.'ian..l that aiitil tl„. ..|..\ at.-r h,.r,.M,art..r ni,.,iti..m.,| shall app, a,- h\ 
 .soim'....rtili..at.. ,,f tl„. ..n^nrnTP t.. he .•.Miipl,.t,.lv .■.•,•, t..,i th." hust,;., 
 may m.twillistaialin- th,.y shall tli.T.'l.y ho tmaWo t., p,.,,vi,l.. (ho 
 
II 
 
 iinioiiiit (iT iiiiy (itlicr icrtiliciiti' rrfiiin in their liinnls iiii\ piirf uf tlio 
 r<iiii|ilflii.ii Fiiiiil II. if cxitimIIiih- the iiiiiiimit or value (»f i,'"^(),ilO(». 
 I'iuvi(h'(l alsd that the pin iiieiit liy tlie 'I'ni.stees to the Hunk ufnresiii<l 
 shall Ilea trood ami siillieiint (li.sehari.'e to them for the moiievs so paid 
 anil that aithiiii^h any \Miik> nanicil in the i-ert ideates |>resenteii to 
 them may not have lieen actually executed or may not he within the 
 (ie.icriptioii of works Ip'reinhefor mtained. 
 
 Article ;i. The Tnistee.H shall stand possessed of anv sums |iaid to 
 them as af.iiesaid diirin),' the period often vears for which theinterest 
 nil the said limids is jiuaranteed liy the (Jovernment of the said 
 pro\iiice and also of any >iim> paid to them as aforesaid after the 
 expiration of the said in riod •<( ten years for the |)ur|iose of enahlin;;- 
 them at all times to liave in hand tin ainoimt at least eipial to two 
 years interest on the said lioiids and also of the investments for 
 the time lieiniT representing- sm li sums (all which siiiiik and invest- 
 ments are ih'reiiiafter referred to as the Interest (iiiarantee Kami I 
 upon trust as to the income of the interest (iuarautee I'und until 
 the said fund shall amomit to suHieieiit to |ia\- five \-ears interest 
 on the Ik, nils f.,r the time heinu' oiitstandinc- to capitalise the same 
 and add it to the said fund and thorciifter upon trust sm Ioiij.-- as 
 such t'and aniMiints to more tiian siillicient to jiav two \ears interest 
 on the lion, Is for the time luiiiir outstandiii;,'- to | 'ly such iiu'iuiie to th(> 
 
 Uaiiway (.' pany and as to the capital of the Interest (iuaranteo 
 
 Fund ami also as t,, tlie income thereof if and when the capital thereof 
 shall imi lie more than siillicient to pay iwu years intere-t on the l>onds 
 for the time lieini;' outstamliuy u|)on trust to hold the same as a 
 fund fir the piirpiise of LMiaranticin;.'- mid iiisurinir the due paNineiif 
 from time t,, time of the interest on such fionds and fiu- that purpose 
 from lime to time upon the recpiest in writing,' of the Ivailwav ('om|iany 
 either ti, |iay to the K'aijway Canpany thereout such an amount as 
 may fnaii time to time lie reipiired to pa \- anv interest for ihe lime 
 iieine- due or about to fail due upon the said Hoiid.s or (at the option of 
 the 'IVustees) to make the payments of such interest hy themselves or 
 their agents. And suiiject to the af(U-esaid >:uarantee of interest 
 'he Iiitiiist (iiiaianti' |-'uiid -hall he lieid as a further securitv for the 
 liriiicipal o( the said lioiids ;iii,l sidiject thereto upon trust for the 
 RailwaN' ( omiianv their successors and assi'i-ns. 
 
 Artiil,' 1(1. None of th,' l„inds of the issue |Miivided for in these 
 presents shall lieeoine ohiicatory upon the Kailwayf 'onipan\ iioi- shall the 
 payment of :iny liond of the said issue liecmie seiaired thereliv until the 
 criilicale of the trusfi.es shall l,e endorsed thereon to the ellect ami in 
 tlie form appeariiiLT in the schedule hereto. .\nd it is the intention 
 hereof ami the .same is so heieiiy declared that all of the hoiids issued 
 under the provisioim of this instrument shall he eipially in all respects 
 secur.Ml liy fiie.s.! presents upon all the property covered therehv- without 
 preference priority or diserimnialuui on account of or with refereiu'c to 
 the times of the a(-tual issue thereof or tif an\ of them hut smh l.omls 
 
16 
 
 sliiill hear iiitercHt rohjM'ctivcly only frnm llic (•oiinnciucmcnt nf tlio.sfiiii- 
 i'liiniMl intcrfst poriod in which they shall bf issu.'d and th.^ j.ast due 
 
 <'niiiM.nH(if any)sl,Hll !..■ .•i,t ,,(r and cancolli^d hefop. fin rtiti.'alion ..r 
 
 isMiu- of the said hi.n.l.-,. 
 
 Articio 11. All lionds to 1h' sccurfd l.y tlii.-s dcd ..f truM and 
 inoit;:a>rf! shall jiriuia hivw he payahh' to Lean r ami lie nf^rutial.lc and 
 pass hy di'livt'i-y unless n.j,'isl.. red for the time i.cin- in the names of 
 the owners thereof in the maimer hereinafter provided and the Kailway 
 ("ompany shall ki "p at its transter olli('e in the City of (^a'l.ee a hoiiil 
 re^rister in which every hohh'r of a h.aid shall lie entitle,! to hav<' his 
 naiiif and address and the nnniherof the Ix.ml held in liim <>ntered upon 
 prosoiitinj: at the said otti.'e a written statement <,( the saiil |.arlieulars 
 and verifyin-: his title to sueh hond l.y the prodaetion tlua-eof dnl\ en- 
 ilorsed with his name as the holder thereof or otherwise And every 
 such re^rislration of ownership shall if re.piired he pro|.erl\ certilied on 
 the bond. After such re^rif^tration of ownorship <.f anv such lion<| so 
 certified thereon no tranHf<'r shall he made or shall he valid except in 
 writinj.-- in a snitahle form si;,nMMi l,y the party re^nstereil us the owner 
 thereof for the tinu' lieini.-- or his le;rid representative ><r his or their 
 a>rent or attoriwy thereunto duly authorised. Ami the fact <.f every 
 such transfer shall heenlereil upon the al.ove menti.na'd liond lie^n'ster 
 «o as lo .sli,,w the numher of the bond transferreil and the name and 
 address of the transferee unless any sacli transfer shall he to heanw 
 ni which casi- it shall ho so entered. .\nd ev.ry su<'h tran.sfer shall if 
 re<|nin!d he in.ted on the l„,nd and if the last transfer he to hearer it 
 shall restore to it transferal.ilily hy delivery hut every such hoiid shall 
 hesid.jecf t.> successive rej-'istration and transfers to hearer as aforesaid 
 at the option of each holdi'r. 
 
 Artn-le 1-J. — In ca.se the < 'orjioratioii la rehy constituteil to he 
 Trustees hereof shall at any time hereafter desiri' lr> retir.' from the 
 trusts of the.se presents tiiey shall he at liberty .so to do npmi liavinu- 
 called a nieetin<r of sach .,f the bondhuldrrs as shall have re-i^tered 
 their bonds for the pur|io.se of electin^^ a n( w 'i'nistee or new 'i'liistees 
 ami at any such meetinj; any new 'i'rustee or new Trustees whetlu'r 
 individuals or (•.rporalions may be elected to suppiv the vaiaru'v in 
 the trn.st and any rey:ulations may be made as to the tenure of oHJcc 
 remuneration or otherwise of such new Trasf/e nv 'I'mstcs but in 
 default .>f regulation to the e.aitrary every and all such new Trustee 
 or TrustecH .shall be comp(!ten( to (>xercise all the powers and di.screli(ais 
 and be entitled to all the inununities and Indemiuties hereof iiml that 
 althou^di there nuiy at any tinu' be a vacancy in their mnnber sh:dl 
 be removable by a resolution of the bornlhohlers who shall have 
 ref,'istered their bonds passed at a nu'otin;,'^ specially called for that 
 purpo.se may in the ca.so of a vacancy caused by death resij,rnat ion 
 incapacity to act or removal from olHce have his (u- their place or 
 places supplied by a new Trastce (U- new Trustees to be elect(«d at a 
 meeting of such refrist.Ted liondholders caMed for that purpo.se or in 
 case no such election shall tak,; place within tlnve calendar months 
 
16 
 
 of tin- VHCiiiKv tlii'ii to \iv .ippniutcil l>y the ( 'liiiincry [Hvi.iion of tlif 
 Hijfli ('<iiiri of .Fiistiff in Kiij^'lainl upon tli«' potitioii of any n';,'iHti're«l 
 l)oii(lhoIilt>r and hIiuH Ix' iiititliMl to (he nMnnM«*riifion licn-inaftiT nu-n- 
 tioiifd wliicli shall lie sinned lirtwiin tlifni if inoir t'lan one in siicli 
 pro|>oi'tions as tlicv sliali di'ti-rniinc or in drfault of dftfrniinutioti 
 «!qimlly 
 
 Articlf IM. Tlic Tnistfcs sliull 1>»' at lilinty to appoint any 
 |H>rsoii oi' lirni to rrprrsiMit tlicni and to ai't as tlirir ti^rcnt or ap'nts in 
 tint Dominion of Ciinndii and inuy taki< Murli Ic^al advir*' and employ 
 (tiicli farther assisfanct- as iiia\ l>e necessarx in their jud^nnent to the 
 proper dis('liar<;'e of tlieir diitie> and shall lie entitled in aildition to 
 the remunenitii "i hereinafter mentioned to icasonalile eompenHUtion 
 for all and -Atw sei'vices whieh may hereaftei' lie rendered by them in 
 case of default l)\' the li'ailwav ( 'limpaiiN oi- under other speeial eir- 
 eumstanees ami for all expenses whieh niav he incurred l)y them in 
 the said trust The TrustecN hIiiiII also he entitled hy \>ayof remu- 
 neration for their ordinary services hereunder to a sum of £|ltO 
 |»er annum and anv such ay:('nt or assents as aforesaid shall lio 
 entitled to an annual remuneratiia^ of £illl) |ier anmnii and the 
 Kailwax < 'onipan',' liereli\ |iri>nn'.se and aifree to pay on deimnid tlie 
 rennnu'raticuis and compensation aforesaid hut in case the Kailwav 
 Compans sh<add make default in such |>ayment the saini> mav l)o 
 retained hv the Trustees out of any trust moneys coming' into the.ir 
 hands. 
 
 Article N. — Tlie Trustees shall not lie aiisweralih' for the default 
 or misconduct of an\' ancnt or attorney by tliem appointed under or 
 pursuant to these prexents if such aj^-'cnt or attoriwy lie select»'d with 
 reasoiiahle care nor lor any erntr or mistake made hv them in ^ooj 
 faith liut onl\ for personal miscouducf or j;ross ne;,di;;('nce in the 
 oxecutiiUL of the said trusts on the part of ilie Trustee sou<;ht to he 
 nuide lialile. 
 
 Article I;">. Any moiu-yH at any time in tlie hands cd' the Trustees 
 and which ma\' not hi' immediately reipiired ma\ lie invested in tho 
 names or iiinler the let;al control oi tlie 'i'rustecs in any of the puhlic 
 tttocks or funds or (Joyeniment securities of the I'nited Kingdom or of 
 tlie iJoiiiinioii of Canada or the (iovemnienf of the I'rovince of l^iichec 
 or in the Stoi'k of the liank of Kn^laml or in Municipal Dclientiires 
 or Bonds of any Incorpoiiited ('it\ or Town in tlic hominioii of 
 i'umida ur in oi upon any other investments or securities for tho 
 time lieiiif>- iifi-rced upon heiwieii t'e Uailway < 'ompanv and the 
 Trustees or may lie placed on d^'posil in the names or name of the 
 'I'rustecs in such hanks m- liank as they may think (it and an\ of the 
 .^aid investments iiia\ lie \ariti| for others of a like nature. 
 
 Article It). — Meetinj^s of the liondholders under this I )eed of 
 Trust may he called in such mode a.- may he tixed liy re^''uiati<iii 
 jiresciilicd or estahlisiied hy such hondholders and such hondholderii 
 may vote at such meetings personally or by proxy and the ([uorum 
 
i: 
 
 iiuiy 1m- il.'liii...! ;ii,(l sucii othrr r.'friilations or liyc-hiw.s in rcspcrt (if 
 xu.li .iircliiiMS „|MV I,,. fVniM time to tillic (stMl.lisIi.Ml ;ilt."ic(| or 
 rc|H'iil.il \,y ill,. I.oihIIioI.I.ts ii.'tinu- l,v th-' niiijoritN In interest as 
 to tlii'n. >-l.MlUr,.nt (XiH-dicn* Ml (I until sncii li.pndl.oM.'r.H shall di'tiuc 
 tlif ,|Munnn and niakr su.'ii n'trniiit ions or luc laws sncls powers may 
 he exercisci hy the ■I'nist.M.s and the Tniste.'s shall have the rifrlit at 
 nr lietore miv nieetln- of ho.idlmlders to re,|iiire that anv net or 
 resohi!i,,n of th<- Ix-ndholders affeetniM- the .luties of th.^ Trustees 
 shall he a.ithentieate.l hv the siiriiatiires of all the persons assentinsr 
 *'"•''••'" ''^ ^^'■" ■'■' l'> • Hiiniite of th,. proceedinu-s of the iMe.-tintr. 
 And when.'ver and as often as an\ e,.nlin--ein'y shall arise in whi.'h 
 
 •'" ■"■'■' '■ ''"' li"ld<.rs ,,f the honds secured lierehy shall 
 
 he necessary ... in whi.di the said l.-ndholders are ',erein declared 
 to have anv disereliotiarv voi.',. or power it shall 1h the dniv 
 of the Trustees and su.'h 'I'mstees shall he ami are hereby 
 anihoris.'d and re.piired to call a ineetintr of the holders of bonds 
 secured hereby lo be held in the ( 'it v of London Kn-iaii.l and in the 
 
 ahseiiee of any reirnlati • In <■ law ,|elerniinin- the n..'i,-<. to 1... 
 
 ^■iven of such nnvtinij- it shall be notili.d U, the bondholders 
 whether their Kon.ls are reL^ster.'d or ,. ,t by a.Kerlisenient 
 
 (the expenses whei 1 shall be a liabilit\ of the h'ailwav Company 
 
 and may he defrayal if necessarv from the liusi fuml I to he pidilished 
 twn-e in euc', week h.r two successive wei'ks ni at least Uv(, dailv 
 lu'wspapei-s of ;i,„„l circuhitioi, ;npon;^ the business cjmmunitv in saiil 
 City and also for a like niimbei of tinie> in two dady mwspapers in 
 
 \''^'^ ■■ii'idailon in th.' ( 'itx of i,»u,.|,c, r vvln'ch shall be pu'nlished 
 
 in the l''reiicli lancuai;-e and the other in the [■an.dish lannuaL'c The last 
 
 "f "*'"■' '!'■''> '" iipp"'!!!' not less than II clear days before the date 
 
 ti\cd ha such meetiec \nd in .lelaull of sm-h incetiii!:- heini; called 
 
 by the Trustees wiiiiin .-in days aft.T nolilication to tliein in writinnbx' 
 any bondholder of the necessity iheivb.ioi' in case the trust shall be 
 wholly vac'ant it shall lu- eoinpeteiit for a-iy holder or holders of the 
 said bonds to the a!juree;ate ;;,iioniit of at least one-lifth of the entire 
 outstiindin;r Monds of the Ifailwav ( '.unpMiiv of the issue hereb\ secured 
 to call the sai.l mectinc-. Aiul it every meelin-r s.. convenci a 
 aforesaid a miijority in inlercsl of sinh of the holders of the said 
 Monds as sl|,.uhl !"■ present personally or bypros\ and sluill vot. ..n 
 any icsolulion shall be competent to excr-is.- except when b\ these 
 lireseiits the authority of a majoril\- in inti'ri'si ,,f all the Itundholders 
 IS reiideied reipiisiiel all the powers mil auihoritii's conferred upon 
 Ihcm b\ these presents each such holder beine' entitled to a vol e for 
 each Itond held by him Hut until otherwis.^ provided pursuant to 
 the provisions of this iusti unieni in that behalf one-fourth in interest 
 of the holilcrs of the oulslaiidinu liunds hereb\ siciired for the time 
 liein;,'- shall be reipiircd lobe present ill person or b\ pr.ev to ,, 
 stiliile a i|iiM|um at ;in\ sui h ineetinL'. 
 
 I'll- 
 
 ^'■'i'l'" I" II' the li'aiiwav ('ompaiiy or their assigns shall «cll 
 and triil\ pay the priniipal of each and everv of the said Utiiids .secured 
 
18 
 
 by this iiistriniiciif wlicii tli(> .siimm- sliall licconic ji;ivm1»Ic ;uiiI hII interest 
 thereiMi us liereiiiliet'ore pr.A-ideil aiiil aecmlint; tci tli(> lenur of 
 sucli Motiils respeetively ami slmll well jiiiil truly .Id ami observe 
 every other matter and tiling: [irovi.led or meiitioiuMl in -hese |)resciit,s 
 to lie by theui .lone and observed tln^n an. I in tliat case all tlie 
 estate riylit title and intere>(r of the 'rru>fers hy these presents eresitod 
 shall cease d(>teruiine and be... me M.i.l otherwise the same shall remain 
 ill fall tore- an. I virtue. Ami ujx.n any such det.'rnu'nati..|i of such 
 interot the Trustees shall execut. such re-conve\aiice an.l n-asMM-n- 
 nient ..f the |)remises as may lie necessary <u- expeilient. 
 
 Article IS. — /\n.l th. Kadway I 'i.m|)an \- in .■onsiih'rai ion .)t' the 
 J)remises hereby e.ivemint and a^Tce t.. and with the Trustees ami 
 their succe.-.sors in the tru.st .'reateil b\ these presents in manner follow- 
 inir. thiit is t.. say -First: that th.-y will I'r.'ct ..r .-ausc to be 
 eiecte.l an Klevator upon sucli ]iart of tiiV laml im-lude.l in this 
 security .)r np..n laml c.)nfinuou> t.i th.' sai.l Kaihvav an.l .»f 
 .such size elliciiaicy an.! workman.ship as in the opniioii of the 
 Kneitieer xhail be ne.'essar\ ami pr.iper tor the purpo.ses f)f the .said 
 Railway ami that until this shall have been .Ion.' the 'rrustces shall be 
 at liberty t.. retain .)ut n( the £'J(l(t,(l()(t next hereafter nieiiti..m-.l the 
 sum ..f £'J(l,(MMt. .Sec.n.lly that the Railway ('ompany will ..ut of 
 the first nmm'ys received in respect of the issue '.t' the said B.uids 
 l)ay to the Tru.stees or all..w them I., retain thi' .sinn .1' t'-.'mMi()ii 
 sterlini: t.) meet the expense of e.impletinir the c.instructi.m and 
 e()uipment ..f the sai.l divi.sion lu- porti.in of the sai.j line 
 diK'ks piers and .piay> in iiccurdanee with tlu' .sai.l airreemeiit 
 .d' the l(»rh day ..f ,)uly l,S,s;{ ami ..f supplyinf,^ the ..tlier 
 \v..rks ami thin;is an.! f.ir the ..ther purpo.ses iii-i.'inbi'f.ire iiniil 1. .lu'il. 
 'li'ii-'ily ;hat wi'enever an.l a- often a> the Railway ("..mpany 
 shall hi'reaffer ac.|uii'e any aihlitional pr..piat\ rij.d(ts franchises i,y 
 thinc-s whalMiever i'or lli.' .'.ui-ti u.-tion .if oi lor us. up..n th.' sii.l 
 
 "^'^■'■•'i" • p<>rti..n of the sai.l railway an.l lli.s.ii.j land .h.cks pi.^rs 
 
 (puivssteanmr an.l pr.nii.sexir u|i..n any part lli.'r.'.,f the Kailwav ( '..m- 
 pany .m.l their a-iun.- will f.-rthwilh c..n\.'\ ..r .l.li\. r ;!ie >am.' |m the 
 'I'rnstee- b.r the bench! ..f til.' I rust by thesi^ presents civale.l ami will 
 until su.-h convcyaii.'e and .leiivery a.(piire p..ssi'.ss ami Ii.pI.I ih.^ -ame 
 and every par! an.l parcel there.if up..n and >ubje.i i., ihe trusts of 
 this Iml..|iiure. K..mtlil\ that they will cau>.- th.' sai.l lincfi..m th.' 
 present jim. lion vsith ihiCana.liaii I'acitic Uailuayinlu (,lneb... .md 
 the >ai.| line t.. UoI.erv.d t.. bi' c.m.strmte.l with all p.i.ssibli spie.l 
 and the wli..Ie ..f the sii.l .li\i-i.in ..r p.ution ..f the .sai.l rail\va\ .locks 
 piers an.l ipia\s to be lullv .'..iistruited e.pii|,pe.| an.l c..m|ihli'.l in ae- 
 c.jnlance with the .said ajrreement ..f the Inth .lav ..f diilv |.*i.H:; ami 
 will .supply all siicli further station an.i ..ther buiidin^rs rolling; 
 Ktock machinery plant ami appurleniin.'es articles ami thin^zs 
 us may in the opini..n of llu' Kn'.zineer be neees.sary and 
 proper f.u- tiie thiirouji-hlx elli.ieiil wrkin^- ..f the said .livision or 
 porti.ui (d the .sai.l Hailwav ami the sai.l docks picr.s .|uay 
 
s 
 
 ill 
 
 a...l .h.<n„..r a,ul uill :., .11 linn: .lurin;: Ih. rontinna,,,-,. .,f 
 tins srrun.y .nainfair. tl,,. sai,l Mv.nuv,- nn.l all an.l sin-mlar 
 "'" l-."n,ntPes t...,.I.Ts ,.assn,uvr |„.,,a^r,. |V,.,>l,t a.,,1 ..thor vav. 
 '""' ^''> """■'■ '"lli-'f:- stork an.l ,v,ni,M.,fnt wl.at..<„.v.'r an,l ; 
 '"■■"■Imi.Tv t.,nls i,u|,I,.,M..Mts a..,] tlmiirs wl„,.|, „„w arc or hvvo^ 
 nft.T at any tin,.. .l,all l„. ,.o,„pris,...l in t\w ......uritv l„.,vhv 
 
 n-(.ut...l nr n,t.,„l..,l s,, t„ 1... i„ a j,,„„j ,„„i ,,,,vi,.,.a!,l.. stal,". n{ pfpn'r 
 ^""1 w.Mkin- nnl.r an.l wlH.n..v..r .InWn- lli,. .Mniinnan.-.. .,f th.. 
 s..,un(,v anx .,t tl„. -,ai,l |,n.,nis..s shall I,.- wurn ..ut ,„■ n.n.|..r...l 
 
 iiUMTV,...,!,!,. uill as s.,n„ as y -•.,., v..ni..ntlv l„. r..i.lac.. .nch „f 
 
 fluan as shall I... so w,,ni uut ,„• vvwh'vv,] „n..T\ i,..,!,!,. I,v uth.Ts uf at 
 
 h.ust...|Mal vaha.M.asat all ti s to k..,.,, up an,! inaiMtain lh„ total 
 
 valu.. ul il„. sa.,1 sfanuT l.„-o,notiv,.s t.-iah-rs pass,.,,,,.,- In a.^. 
 
 ''•'■'-'" ^""' """•'■ '•"'■■^ ^""' ^'11 "tlHT rolUn, <,,„.k and . ,n,.-pn,..nts 
 nii...|.M,..,-y to.,|s nnph.ni.nt^ an,l thin-s f..,. ,]„, tin... h.^ian .^on.pnMMl 
 '" ''"'^ -■'■".•ily an.i (ha. th.y will in a.l.lition to th- provisions 
 
 "''"'"■^""' '^"I'l''.^ '^''"I' "I' ^"h1 intain anv lu,th,.r st,.ani..rs 
 
 rollnm M.M-k lor,,niotiv,.s Laahas pass.ai-.T iiiii^n-ay,. tV.'i-ht an.l 
 ..th.T .■ars .•.pu-pnunl .nat...-ials an.l thin-s n....,.ssary ■ l,y the 
 w..ikin-of th.. sai.l .livlsion or p..rti..n ,.f Ih,' sai.l lin.' an.! th.- sai.l 
 .l."k^ pl..r. .p.ays st,.aMHr an.l pr.Mnis,..s in a sati>ra..t.,rv an.l a.l...,uat.- 
 
 """ '•• '*''f*''l.^ "'•" ""■> uill nnn„.,li;,t..h upo,,', x...M,ti..n 
 
 ••t th.'s.. pn.scnts .-aus, I,, l„. atlJN.Ml to ,h.. .suM st.'anH.r an.l 
 '" "" l"--'"""'iv-'- t.'n.lois pass,.nnvr lu.--a-.. f.viuht an.! oth.T 
 
 curs an.l all ,,ih,., n>ilin- stork in nx-nts an.l ...piipnant uhat- 
 
 ""■'"' '""' ^'" " I'''"''\ <""!- Ini|.h.n„.nt. an.l limits xvlii,.h „ow 
 
 •"'"• '"■ '"■'■'■^''■''•'' ^1' unx iini.. shall 1,.. .•onipi is,..l in vh.. s,.,-Mrity 
 '"■'■'■''>■ '■'■'•'''•'' '"■ inl..n,l,.d so to h.. v.in,. ha.jo-,. ,„ark or ,|,.vi,.i. 
 •" '"' ^ippruv..,! l,y ,1,,. 'i'rust....s hy whi.-h it shall app..ar that 
 su.-h >t. inner rollu,- sto..k ..,|uipn,..nt n>a,-hni..rv tools in,ph.n,..nfs 
 m,.l thni^'s ar.. In.l.i l.y tj,,. I^iilway ( \anpan v f,,r t h,. ,,urpos,. ,,f ,h.. 
 s...M.nty -ivcn l.v thrs,. pr,.s..nts an I will ,1,. all thin-s n..,...ssury 
 a......r.lin- I., law so far a. p,.ssihl,. t.. s..,mmv that (In. sai.l stcann'r 
 
 •■""'"- "''"''^ n'pnM.Ml n,a.-liin..r\ -loK ln,pl..nM.nts an.l thi s 
 
 •"■'• •'"'m""' '" '■""' •••"isiitnt,. an ,.|V..,.tiv .■ s,.,nritv f,,r t!„. p,n.- 
 1...M.S of th.>-.. pr..s,.nts a......r.lin- t., th.. t,.rn.s iM.r..ol' an.l will in 
 
 ''•'•■ '■'■'"""■'■ '"■"■'^ ^'11 M,.an,..rs rollin- sto,-k ...pnp „ nt n,a..hin..rv 
 an.l l..ols in,pl.Mn..nts an.! (!,in,:;s an.l oth.-r prop-rtv h,.r..afr,a. 
 
 •l"''''-"' "'^^- 'I'"'"' '"I'l"' pnrp.,s..s„f th.. sai.l .livisnai .".r p.,rti f 
 
 *'"• ^"'"' '"''^^^'y I ''" '-'i'l 'l"<Iv- !'i<Ts ,pn,ys st.-ai 'an^l pr..n,i.-.,.s in 
 
 a..or,lan<... with th,. pr,.visi.,n> h..n.inl...|or, .•.,ntani...l an.l uill 
 
 in like nianm-r .h. all tliin-s , ,.s>ar\ t.. .•on>iitnt.. th.. san n 
 
 rH'...-tiial s...a.rilv f..r tl... purp,.s.. ,',{ ,h.s,. prcs-nts. IV..vi,|..,| 
 iilwaxs that ir th.. K'liilway Coinpany .lo i,„i k.'.'p th.. sai.l ,livisi,,n 
 <>i |...rti..n .,f tli.>s,ii,l h'aiiwi.y an.! th.. sii.l .1... ks pi-rs an.l ,p.ays in 
 such r..puir iisul'..r.'.s!.i<| UH.I <lo ii.it ninintain th,. sai.l st.'an...r and all 
 l..(;<.ni.itivcs ton.l.Ts passeiifcr fn-iylit sin.i ..thcr .'ars and all ,.th.-i 
 rollit.f.' st.M'k iin.l ...p.ipni." 's niacliinfry t...,ls imph.n„.„t,s and tilings as 
 h..ri.i.i pi.ivi.l.Ml tl... ■|'nist<.,.s may .h. s,. ont „( a.iv trust finids in tlinir 
 
 M 
 
20 
 
 hands hut nothiii); herein pontained mIuiII roleiise the Kiiilwiiy Company 
 
 from iinv obligations liereliy inip.)S<>d upon it nor iiffcrt tic rij^lits and 
 
 powers of the 'IVuHtees under any other Artich' hereof. Sixtldy 
 
 that the Kailway Company will dnrinj^ tlie jteriod of ten years from the 
 
 iHt day of Jidy 1888 or until a snHicient sum shall l)e ace iinuilated in 
 
 the haniis of the Trustees to pi'ovide for the interest on the said Monds 
 
 for a pcu'iod of five years after the expirati<ai of the said period of 
 
 ten vears whichever of the said two alternative ])eriods shall he the 
 
 shorter pav to the Trustee's or allow tluMii to r<<,'eive in each and ev(>ry 
 
 ye;!r the whole of the net earnin^'s or llie said division or portion of the 
 
 said Uailway and of the said land docks pii-rsepiayssteaniertuid premises 
 
 and will after the expirati<in of the said period of ten years and at all 
 
 times while the said Bonds or anv part thereof remain (lutstandin^r 
 
 pa\' to th(^ Trustees out of such net caniinirsas aforesaid or if the same 
 
 are insufHcient then othcr\visi> such a sum or such sums as will to^rcther 
 
 with any amounts paid to them diirinjr the saiil period of ten years 
 
 and notwithstandinjr any application of any of the said amounts under 
 
 the trusts hercinhefore dtiilured enahle the Trustees at all times to 
 
 have in hand an amount at ii'ast e(|ual to two vcars" intei-cst on 
 
 such Bonds. Provided always and it is herehx- ai^reed and declared 
 
 that if any difference or dispute shall ari.se as to the maniu>r in which 
 
 such net earninj^s shall he ascertaine<l the .same shall 1m> suhmitted to 
 
 the sole decision of the I'ji^rineer or in the event of the suhmis ion 
 
 to him hein).f revoked then to (he arbitration of two arl)itrators laie to 
 
 lu- appointed by the Hallway ( 'ompany and the other by the Trustees 
 
 ur to their innpire and in the event of the refusal of either partv to 
 
 ajipoint an arbitrator or if the arbitrators-- fail to a;4'ree upon an umpire 
 
 the ('our! may exercise such j)ower of appointment on the application 
 
 of the other party. Seventhly that the Railvva}' Company now has 
 
 full power to morti^a;re chartfe pled(^e or otherwi.se deal witii all 
 
 or any of its umh'rtaking- and propert\ present ami future as 
 
 aforesaid l're(> from any mort};age lien claim or incumbranee 
 
 whatsoever and that it will use and a|»ply the net earnin^^'s 
 
 and incouK- to be from time to time d(>rived from the .said division 
 
 or portion of tin- said railway ami t' . said land docks piers (pia\s 
 
 steamer and premises or from an\ part thcicof or >o nunli of sucli 
 
 not earninji's and im-onu' as ma\ be neces.sary for that purpose to 
 
 the payment of the whole of the interest and principal of the said 
 
 lionds as and when the sime shall become ilue and will therebv or 
 
 otherwi.se fully pay anci satisfv the sann; as and wiien the ,sann> 
 
 shall become due Ei;;lilld\- that the Kailway ('ompany will not 
 
 witiiout the written consent thereto id' the Trustees first had and 
 
 obtained issue or attem|)l lo i.ssue anv further Bonds or create or 
 
 attempt to create any mortgaffe char;;e or pl(>d<fe of or over any pcation 
 
 of their jiroperty until they have obtained lej^islative authority to 
 
 ■.nort^aj-c char^,n' pled;.;e or otherwise deal with other portions of their 
 
 property and umlertakiiif.'- separately anti distinctly from the portions 
 
 hereby niortpifred chi'.rgcd and pledged and that every subsefpient 
 
 issue of Bonds mort^age charge or pledge shall exempt the pro|)erty 
 
21 
 
 lif'l'cli\ liini'';4-:i;^ril <'liiil';ri'(l iillil |)I('(l;ji'(l from tlic .scciiriM' t li(>|i'li\' 
 (Tfiitcil Mild I'roiH the ..|nT:ili<m tiificMl'. Ninthly that the Kuilwav 
 ( '<>iii|>;iiiy will -.i;is(iii;iIp1\- in carli iiiKJ <'vcr\- yty.iv |)ii\ mid discliar;,M' all 
 taxes ami a-sc^^mi'iit-. uT cvcrs ''a-! ami di'scrijil iiai win'cli iiia\' lif 
 la u lull \ iin||M^rd |i'\ h d nr a.-sox'd ii|)iili all nr a.ii\ pail nf llic tVaiirlii-^rs 
 III' iitlirr |inp|irrlv lirriin and lirrrlA r(ai\('\i'd <iv iiiicmlrd ci cihi- 
 tcliijilalt'il SM til 111' s(. a> to k(i'|i llic iinal H-iij_.(-ii |a'i'mi>c> IVim ami clear 
 IVoin an\ imiiinlaanee l>\- rea'^oii llieiri.r. And laslU 'hat ihevwill 
 fi'iiiii lime ir. lime Old at all times hereiil'ti r and as nl'len a- thereunto 
 lei|uesled liy the 'rrnsie.'s and at their own expense exeiaite ileliver 
 and ai'kiiowledij'i' all sueli further deeds eoiives ames and assurances in 
 the law lor the hettei assiiriiii; unto the 'I'rnsteis u|iom the 1 rasis herein 
 ■_'.\|)ies>e<l the ,>aid di\isioii or porlion ol' tht iallwa\ cipiisti-aeted 
 or to lie eonsiructed t<i;^('tlier with its e(|iii|antaits a|i|Hirt<aiance.s 
 and IraiH hises and the said land docks |)ier'.i ipaus steamer and jireiiii-^es 
 and all ami sini^ular the |)i(i|iei t\ and thinirs herianhefore imailiiaied la 
 descrihed and L:'ranti'd '>r c(aive\c(l or aiz'reed or intended or coii- 
 telnplaled to he n'ranteil nr coii\e\ed to the Trustees or their siiccessias 
 in the tru-^l creatt^d 1)\ these presents a.> liv the 'rrustees or their 
 successors in the !ni-l hereli\ laealed or \,\- their counsel learned in tlu> 
 law shall lie rea.^oiialiK advised devised la' retpiiri'd. 
 
 In witness whereid' llie (,'iiehec mimI Lake Si. .lohi) llailwav 
 ( laiijiaii s' ol' ( 'aiiada have caused their ciaaiorate seal to he liereanlo 
 atli\ed and the,e preseiil> to he sie-ned In' llieii- President and Secretary 
 and till' said <,MalH'c and Lake St. .John Railway Lumherin;^ and 
 Tradiii;^ ( 'iMiipaiis have al-o caused their ciajiorale ^eal to he hereiinti; 
 alH.\ed ami these presents to he si^-|ied 1)\- their I'le^ideiit ;md Seia-clarv 
 and the said Horace .lan.son Hceima' has horiaiiit i sel ids h:ind and seal 
 and the said I'lusiees I'Lveiaitors and Secarities Insurance ( 'orporai ion 
 Limited to evidence tlaar acceptance of the said trusts have likewise 
 eaiisecl tliiar corpiuate seal to he alli.ved hereto the da\ :ind \ear lirst 
 yi'ai' lirst ahovi written. 
 
 ■JlIK S('Ili;i»rLK AHdVK |{i:FI'l;!ii;i) To. 
 
 (Shewin;.;- the t'oriii id' the Moiids to he secured h\ the aho\(>. 
 written Indentiiie and id' the ('laijuais thereto annexed and of the 
 (rtiiiniiitee and < 'ertitii'iitc thereon eiiihir.seti.) 
 
 [ l''ol;M i>K Hii.Mi.'] 
 
 iVo. 
 
 ilnii. 
 
 TllK <..)rKl{K(' ANI> LAKK SI'. d(»IlN h'AII.W.W coMi'xNV 
 
 ()V lANAhA 
 
 The (,>aidiec aiul l..akt' St. John K'ailw av ( "i aiipanv (d' < 'anada 
 I'irst Mortjraj^'e (iold Moiid setaired on llu" lirst divisiiai of th(> 
 Railway fnan the ( 'it\ of (^hndiec to Ivohervai on Lake St. John 
 beinj,' a distance of llln miles measured alone' the Iraek of the 
 Hiiiil Uailwa\. 
 
22 
 
 Tiif l^iicltrc Jiiiil I,iik(> St. Jdlin liiiilway (Vunpany nf (^iukkIh 
 (liiTfiiiat'tci calli'd rlif rdiupiiiiy) fnr value roccivcd licrfby 
 |.rniiii>fs tu |.iiy tu till' Itciircr m- ri'<ristrnil lidlilcr licri'of First tlin 
 
 |irilirip;i| ,mii ,,f ildO ill |iiiti,.|, >f( ililiLT Ill(ill('\ ill ;;iil(l Cdin of 
 ilic present st.iiiijanl of weight ainl rmenesMUi tln' 1st (l:iv nf .July 
 l!»iH 1,1) |)resen!atii)ii atid surrender of tin's Hond at 
 
 ill I.oiidi'ti l-jii.'l;iu(| or at such otlier jilaee in cii near Lomlon 
 Khii-land a-i shall he hereafter tixed hv the ('oin|ian\ with tlio 
 eonseiit of tlie Trastee-. of the i teed "f Trust and M(>rt^aijr(. 
 heii'inatti'r mentioned and pni^nalit !■> the provisions ihereii; 
 contained and Seeondl\ interest <ai '.lio iirinrl|ial sum afi.re- 
 s;ii(i in like iiioni'v ai thr rati' of .'/ per rent, per annum 
 antii the said 1 >t ,Fuls I'.HiS in like irold cin j.ayaljh' half- 
 ye:,rly on thr 1st .lay nf .lanuary and on tin 1st das of .liijv in 
 eaeh voai r-n pre-^.aital ioii and siirremh r at the |)lace afoicsaid of 
 '1 oiipiuis hereto aniiexi'i] ;'s the\ severalh lieeoine due. 
 
 'I'liis liond i> oni. of a serie- ..f 7><n(l honds c leh for t'lOd 
 sterl;n- and ;dl ot' like tenor and date nnndiered eonsei-ul ivelv 
 f''"i!i 1 t" T-^ii'i inrlusive All the said H..nd.-< are issued under 
 the [irovisioiis of the Aet of the 1 .e^-islat ure of the I'rnvinee of 
 (.iii.lici passed in the forty-sixth yoar of the rei^'n of II, r Majesty 
 <,>ii(en Vieloiia ihapler ^> and entitled " An Aet to amend and 
 '• Cfinsolidate the varmus Aets respecting: the Quehee and Lake 
 "St. .Iiihn Kadway ('ompuiiy," uhich is rlie Act lmorporatiii{/ 
 flic s.'iid t'ompanv an.l tic- iimendin;; Aet of the -aid I .i Llislatnro 
 p.issel in the 'iff \ lii.^i _\i-irof ihi' ren^ii i d' Her Majestx- l,>ueen 
 \ict,,ii.i chapter :M and the piyineiit of all of such llonds and 
 the intenst thereon is secured without reference to t)i<' time when 
 \\\<'\ shall lie aciii.dl\ issued hy a deed of trust and niortirfi^TO 
 'lated the dav .'f mKH and made hetween the 
 
 Company of the lli-t |,:irt The (.,»uelc-e and Lake St. ,lohn 
 Kailwax Liimiiiiiiie- .,nd TiMdini: ('onipan\ -f the .-econd part 
 Ihiraii- .l.ilisiUi I'.cemel ol' the tlllld part :ilid 'I'lle 'IVllstees 
 
 F.Neciitor-, ami Sieiiriii.s Insurance ( 'or].orat ion ,.t the foiiith part 
 hy which lleerl llieie 1-. i.aneved Under the authorilv of the 
 
 said .Ael.- hy wm\ .,f i te.'ie,. iV.-e from inciindirances to 
 
 the -aid ( 'orporatcu ,.- Tru-teo lor tin lielileis of the saiii lliuids 
 SM much of the r:iilu.i\ .-f liie -aid < '..nipaii\- liuilt and to he 
 huilt ill the honniieui nf I aiiada as extends fri.m the < 'ity 
 of <,,liieliec to 1,'oIm rxal a di-lance .d' l!'ti mile- mca-iired alonj.,' 
 tli<' tiiak id' the siijd iailwa\ ami all tin propert\ rielils iind 
 prisileees forming pari I hereof or used and o|ierated in coiiliee- 
 tion iheiewiih and ill the iiiiildin>.;s statiotis lixlures docks iiieri^ 
 ipiays lolline -tock steamers plant and appurtenances thereof 
 artich s and thinii- now owned i.i- held or that ma\ he h acufter 
 af()iiired owin'd or held h\ the said Cumpaii} in connection uith 
 
^■i 
 
 the vil.i iiMrtiuh nf th.' siiid railw;ty flir wIimI,. .,> <l.'scrilMM| in the 
 '*■'''! '''■'•'' "'■ "ust :uir| iiiui|M,i->. wiiicli s;ii(l ilirH \v,i> ,lulv 
 >lc|)Msii,Ml ii, til, Oili,,. ,,|- I'n.viiiciMl thr Srcvtiuv oil the 
 <la_v i.f \HS 
 
 As pr(.viil((l In llif siiid |>,.,.,1 of IViist mimI M..rl-;i-r llic 
 
 siti.l |{..ii(|s iir. nut t(, pivvciit thf '■..rnpiiiiv fr nh.rtuMKi'it: 
 
 |.l<"<l^ri,|j, a.s.-ititu'ii^ ami utluTwisc .IcalinM- uith luiy piirts of tliPir 
 l'r.i|MTtv Ahvv tlum that iii.>itj,'a;:..,i and ,l,ai-jr'..,| l,v flu- saiil 
 D'M-.l iHit It is lliiTcliy also i.n.vi.i..,! lliat any s,il.s,.,"|iu.nt issiio 
 
 of Un,uU .., MMl-tiraK.' pl.-il^r,. ,„• ,.l„„Mr,. |,y tllr CnllipaMV 
 
 .sliiill r,,iiiain a dirlai-atiun fxeniiitinu I'f.iH! the ..peratiMii thiTc.f 
 'li.' piuporty .■(an|.rls,.(| in tli,. :,ai,| |),.,.,i ,,f 'li-ust and Murt-air<' 
 U' the intdit fliaf t|„. niunics .s.-cim-d thcrln and l,v this pivscnt 
 issue .,f i'.unils may )„■ a fii-st and .•v,I„siv, diaiMr,. ..n ih, l^'aiKvay 
 Mild jaM|«.rty thcii hy ni..r|irun-,.,l and char-cii. 
 
 Tliis H.,iid is payahic u, hraivr and tr insf,.:-,,!,],. i,v d>div, ry 
 unlil iv-i.si,.n-d in thr h,„,|..s ,,f -la (,',„nparn at thri'i TransfiT 
 Oftir.. ill thr Cifv ,,r (,>u,.i„.r in ,i„ „;„,,. ,,,■ ,|„, i,,,,,,,,,. 
 fur ih.'linir iH.in- ihrivuf and frum and afl.T >u,-h iv;rim,,,tiun 
 and thr .vitilirai i,,n ihrivuf uii ti„. I!u,id shall .•,,.„■ |,. !„■ inuis- 
 fcnil.lc i)y dchvri-\ and shall only hr tiviiishr,. ,] |,v tfan^iVr in 
 Wl-itiiiu- n--,strM.d in th- huuks uf ihv CunipaMV rxrcpl 
 lH'vr,-tlir|,.s, that ihr n-ist,.nd huhicr li.Truf f,,,- tl„ lin,,. I„.,n- 
 may makf a lian-.f,.r tu h,.,.v, and this li,,nd will llaivapun 
 '•••''"""■ ■'-'"'■ |i''\.'hh' In Ih,ii.t and traiisfiaal.lr l.\ ,l.livi>|-y 
 
 'I'his |{..nd shall nut )..• ,.Mii..;atu,_s until aut h.nt icati'd i,v ft 
 .:crtili(atc , iid.as.',! |it>ir<,n and si;:.icd hy ui- un hilialf nf the 
 said I'msK^cs ,,!■ their smci'ssni's in utlii'r lu il„ ,.|l,.,i thai it is 
 one i>{ thf hund,-. >i-eured h\ ||„- l»,.rd ,:f '1',,,.,, „,„| M,.|.t^,,ir,, ,,f 
 
 !'"'■ ''•'> "<■ ^nd that il has hmi dulv 
 
 i-isu.-d in a.vurdance with lii.' pp.viMuio tlna-cur. It is ,xsii,d and 
 
 NJutll he reerived and tail Mil.j.vt tu the t.a uis . d" ~ iid de.'d of 
 trust and inui't;.'-a!:e. 
 
 Ill uiti,.-s> yvh.Teuf thr (^lin.JMT and Lake St. .),,!,„ K'aiiuay 
 Company uf Canada ha- raiis^d its eui-pufaic seal fu !.,■ hcfeuntu 
 atVixed and these presents to he si-m-d hy its I'n-sident >rei-,.|arv 
 and 'I'i-easiuer fliis da\ of |,'ss 
 
 'I'he (,)uehee ami i.uk.' St. .luhn i^uiway Cuinpan\ of 
 <'""•"'"• IVesident. 
 
 iSei'i'etary. 
 
 'I'rea--imT. 
 
24 
 
 ^^KtiliM OK (dl I'ON." 
 'Plii' <,iiit'lK'i' uiiil Lake St. ,li>lm IJuilwiiv < 'niii|iiiiiy ot" 
 
 (';illMii:l. lialf-yt'lir's interest ilue i>li tlie 1 si diiy nf 
 
 18 i>li the First l»i\isi(iil I'iisl .\Inrt;.'-iiy:e (iiilil r><>iiil 
 
 No. JinjMlile :it 
 
 £2 It's. Oil. 
 
 Secri'turw 
 
 [TRISTKKS' ('KliTll'l('\'i'K lA'i miKSKIi (iN K.\(li l!()\I).] 
 
 AS in VI l;ll YINl. nils I'."S1>. 
 
 'r'le miilersii^iiiil iertit"\ tliiit tlii.s liniHJ i> uiie nf tlic |{niiil.s 
 the jm\iiu;nf of wliicli is senircil hy tlie I li iij of Iriist ami .Mortfjaj^c 
 witliiu lueiitioiH'il ainl has liccn iluly issued in a( rciiiliince with the 
 |ii'ovisioiis thereot ami tiial uo luoie lioiiils than the aiiioiiiit 
 thel'eiii atltlloi'ised liave lieeli colililersi^lied 1)\- us. 
 
 I nistee.s. 
 
 UiOVr.l.'N.MKN'J- (IIAKANTKI-; KNDi »i;si;i » t ».S KAfil HoNO.J 
 
 I'lie |ia\"liieiit ol' the inti rest ( liut ii(it the Ciijiital ' on this hoiid at 
 the late of ;) pel eelit, per aillililii half \eally on tjie tiist iia\s nf 
 Jaimarv an<i JuK in eaeli \ear i- uiideitaken and ;;iuiraiiteed h\ tlie 
 Goverimient of the i'io\ inee of t^uehee for ten M'ai's ffoiii the 1st uiiy 
 of .Inly lx><>< to the jst day (d .Inly IS'.lM uK'insive. 
 
 A. f!., 
 .\ssi.staiil Treasure!' ot tlie I'lovinee of tJiieliee. 
 
 lFOKM (IF (K!; riKicATi'; TO |{K riiiNTi;!) i>\ rm; 
 Fii.'sr ,'<t cori'oNs. i 
 
 The pa_\ nieiit of this c.inpoii is assumed h\ the t Jos eninieiit id' 
 the I'roviiu f (jhiehee. 
 
 A. 15.. 
 
 Assist. lilt Tleasiirer of the I'rovineenf (.^ui'liee.