IMAGE EVALUATION TEST TARGET (MT-3) 4 ^^ .<^^. {/ y. f/. ^ !.0 I.I ^ %i^ 12.0 1.8 L25 I U i 1.6 p>. V.^^ y /^ ^^ ;\ ">^^^ CIHM/ICMH Microfiche Series. CINM/iCMH Collection de microfiches. Canadian Institute for Historical Microreproductions Institut canadi«n de microreproductions historiques 1980 Technical Notes / Notes techniques 1 The Institute hes attempted to obtain the best original copy available for filming. Physical features of this copy which may alter any of the images in the reproduction are checked below. L'Institut a microfilm^ le meilleur exemplaire qu'il lui a «t6 possible de se procurer. Certains dAfauts susceptibles de nuire A la quality de la reproduction sont not6s ci-dessaus. 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Lnnl line tlidiisaiid I'iirht.liiiiKlicd 1111(1 Mvciitytwo. Itctwveii tli<' CIIKJAr^O AXI") CAN- ADA SOlTilKRX KAlliW.W rOMI'ANV, a Ixnly politic and ((.rpoiah". .'xistiim uudtT and i)y virtue of the laws of tlin Siaii-SDl' Illinois Indiana. (Hiio and ^^^(•lliL^an, iintli()Pi/.in^' tlu' cDiiMolidation of iiiiilroad (JonipaniHs to fonn ii connccii'd ami cuntinuous iintli()Pi/.in^' tlu' cDiiMolidation of iiiiilroad (JonipaniHs to fonn a connccii'd ami cuntinuou line »f Railway, party of lli.' first part, and ANDUFAV T. IIAfili. of Boston, in the Siat4' of .Mas>a. liuat'tts. and KKNVOX ('0\. of tlio City of N.-w Vork, 'I'nistccs as hereinafter nuMitioiie*!. |>iiiic< of tlic >ccond pait. witncssctli : -* j Wuftfrtjl, riie Mirhisran Air Linp' Railroad ('oni]ia»y, a roi-puratlon existing: nnder .. and by virtue of the laws of the State of Illinois ; the Oliiiau;o and Canada Swntliern Kaiiwny ('uiniiaay. a corjmratioti existing niider ami hy virtue of the laws of tiie ■^tate of Indiana; the Northwestern Ohio Ifiilrond ('(wnpaiiy. a corporation existin;,' uuiIt and by virtue of the laws of liie State of Ohiet. and the S(»nilieasteni Michigan Fiaihvay Coni- jiany. a corporiitiou exisIill^' niidei and Ity virtue of the laws of the State of Miclii^ran : have, underandby virtue of the lawsof the said several State- of Illinois. Indiana. Ohio and Mi(diieti-oil Hiver. ^nd, ^i* hftfttlBi, At a ivLtular meetinudf the stockholders of the said consolidate( Hailw.iy Company, held on the seventeenth day of .lannary. A. I>. ls7'J. it was voted tha tile Hoaid of IHrectois of said Company I ^Itn, "tvhfffilS, The Hoard of Directors of said Conijiany, under said authority, have determined to i.->sue the said bonds toan amount not exceetlinu ond.s, when issued, are to be sitriieil l)y the I'lesideiii and Secretary of said Company, and certilied liy the Tnustees. parties of the second part, which certitication shall l)c conclusive evidence that 1 •**'■ -ftf-' .ar HUl'li liuihls arr III" till' issin' iiit)>ii(li'<| in lie siTiir«'il liv tli'- ^aicl Miiii^a>;i' I)im'(1 nt' 'I'riist, wliicli Miid Ixiiiils, ^«l III III' i>sii<- COHl'OUATION Firni M < >rtt;;iij:< ■ ^"■••vii p<'j' im-mi. «'<>ii|><>ii <»i>l(i Itond. NuinlHT sl.noo Know all null l<- i>ri'>i-iit>. that tin' ( liiia^n' aiit. This hoiiil is one of a series of Itniids issued and to In- issued to an a^^i^reuate anioiint not exceeding eijrlit millions of dollars, in I )on< Is of one thousand dollars each, n limbered from I to 8.000 inilusive, and is secured by a tirsi niortjraK'' deed of trust, dated the first day of April, ejirhteeri hiiiidreil and si'vcnty-t wo, duly executed and deliM'teil by the Chicago and (Canada Southern Railway ('nmpaiiy. to said Andrew T. Hall and Kiii\on (Jox. Triis- twH. and coiiveyidK to them and their successors in the trust the railway of the said company, its land, rolliin: -tuck. toll-. ii'\eiiues and present and tiituie proiierty tind I'tfecis, lianchi>i's and appmieiiaini'-. and in wliieii moil u;i ire piovisinii is made for a si lik- ing; fund Ik pay said lininN and ilie inieresi ther.'«iii, .'i> they become due. This bond and all tin- riiiht- and beiiefii- ari-iiii; llierefrnm. -"hall pass by delivery ; and at the option i>f the holder tlieieof. may be reiristeied tor the time beinix in the {'a>\\\- paiiy's books, at its oflice in the ("ity of Cliicairo. Illinois, or in the Company's books at its ai^^eiicy in the City of New York, such lejrislry being noted on the bond by the Com- pany's transfer officer or ap-nt. After such registry, no transfer shall be valid unless made in the Coiiiiiany'ti books by tlie |M'rson registered for the time iieing a> the owner thereof, which transfi i- shall also be iioii'il oil the bond. Such registry will not lesirain or change tin- negotialiility of the cou- pons by mere delivery, but the holder of such coupons may detach and surrender tlie same to be cancelled, and have micIi cancellation noted on the bond, in which case the interest will be payable only to tin- person regi>tered for the time being as the owner of this bond. AHer registration as herein pro\ ided. and before the coupon shall be detached, ttie holder may transfer this bond on the Companx's bonks to the bearer, and Iherealter it shall pass by delivery ; but shall continue •^ubjcct 'o sin ssive registrations and transfers to bearer as aforesaid at the option of each holder. This bmid is subject to the conditions endorseil hereon. This bond >liall imt become obliiratoiy npnii -aid Company, until tli" certiticate en- dorsed helenll i • sJLrni'd liV the Trustees. I »"■.* Ill l<'>tiiiinii\ v\ rii'ii'iit'. till' >iiii| Cliirauo ;iii I'm ; inili' nlliri' in llii'Citv nl' ( 'liiiauo. in lli<- Stati' III' llliiiipi-. anil tlir si tn !..■ atti'-tnl li_\ tin' -imiatiiii' nf it- I'n -iiliiil, ami tlir sii;- iiiitiiii' uf its Si'cit'tar.s, nil tln' lii-si .|a\ ,<[ April, in lli''.\i'ai of mir liiini mii' tlimisanil v'lfiht liiiii(lr<-il ami si'Viiitv two. Ami -aiil ('Miii|ian\ liiis iilsu niii>.i'il thr si;f||j|iiiii' uf its Tri-asiiicr In 111' alli\i'il In tlir rnii|Miii^ attatlii'il tn thi^ liniiil. in tin- inanm'f |ir"\ id.-d hy \ nit' III' till' jiirrctnis iil' saiil ('niii|ianv. ; us, ; , Prisiflffiit. , Sirrftniij. FORM OF COUPON. 35] THE CHICAGO & CANADA SOUTHERN 35 UAli.WAV COMPANY A\''ill Piiv X" IIk' H«.tu-.r. i«l It- Ay:«'ii''V in Un- <'ily ol N."W-Vi.i'U. <.ii tlii> ■lnv ' nf llliiini>, Indiana, njiin. and .Mirhiuaii- 7\llx/l I X. CONDITIONS. This liiiiid. at llir nptinii ii( Ihi' Imlil.T. vvill !»' niadi' a -ti'ilin;;- Imiid. nii aiijiiiratinii at till' a<:''n''V "I' 'li" rmiiiiany in Ni'W Ym-k. |iiim'iiial and inti-n'si pax al>li' at thr Cninpany's ap'in'v in hniidnii. Knuiand. nr in tin- City nf N,'w YniJv. at tin' lat.' nltwn liiimlivd pniiiids sti'iiinir I'ni till' piimipal nf thr Imiid, and ^ ii''''Ki"'''' !'^ lii'rrinl>rrnrr statrd. ^ou*, thmtorf, thw J^'cjcnts "iiitufftji iimi r..i n..- i,ui|m.>.. ..r Hi-mi ill;: till' |>ii;k iiKiil i>r till' -iiiil ImiihI-. Willi till' iiih ii-t tln'i't-uii. ii^i iitnrcsiiiil, jiiiil tor tlit* fiirllici' riMisiili-i'iitiiiii urmii- ilnlhir in Ii'.ikI piiid li,\ tin- Hiit' tli<- sci-niid |iiirt tn tin- •»iilrtlii' til -It |i;iit. till' r.'<'i'i|il wild t i» Ii.h'Ih iirkiinwl.-dtj.'d. flic Mild C'lii r:mi> mill ('.iiijidii Sniiiliri n |{iiil\Mi_\ ( ''Hiiiiiiiiv. ii:iit_\ of tin- lir>i piiii. Jn^\\n uiiantI':ii. B.\I{<.AINKI> ami -i>l.l>. iiml li_\ lln'^i |i|i-.||l- UOlU i.iiXNI. IIAIIt.AlN AMi --i:!.!. Illitu tin- wiid iiiii-ti<'> of till' MTuiid I 111 It ;ill till |iin|ii'ii\ w liirli till' »iiid Cliicn; ■• -md ('inuidii Smitli iTii Kiiihviiv <'i>iii|iiiiiy. |iiii't_\ ul tin' lir-i pint, mm nwii- m «.|iiill luTi'iiltii tinniiiv ; that is III >ii_\ : Till' --iiiil ('iMii|i.'my'- r;iihMi_\ in rum-i' nf inii^ii in linn iuid \>> lir ininli . niiii nil aiiiu; ill tlir ('ii\ nl ( 'liiiai:!'. in IIh' Stnti' nl' llliiiiii>. iituii'snid. mid niniiiiiL: Irmn siiid <'ii\ III Tiii 'iiuii 111 iln' ii!>li'iii liiii' I't till' 'I'li^ ii>lii|i i>r .Mi>nuiiii>;iiii. mi i||i> jtctrnit HImm. ill till' ('iiiiiily It'' WiiviH', iiinl Stiit>' uf .Mirliiij:mi. ni'idv-iiiil. liiiim Ixriiti'd mid sitiiui.d in tlic Stilt. 's III' lllinui>. Iiidiiinii. (>lii<>. mid Mii liii:iiii. mi iIm' liiK- iirm'i-siiid. inrliidin^r tin- rijrlit I if w:i\ mid till' liind> iii'i'Mpii d tliiTi'liy : and iiNnfln' Mipn-sti net ii it mid lincUs iIhti' on III' Id III' tlii'i'<'!i'i'| rail-. ti.-~, and utlii'i' iiniti'rial.s plart'd i>r nst'd tlii'i'i'iiii. iiii« I'l' lii'ii alti'T pii'iiiii'd tlii'ii'tiir. and all l.ridp s, \ iadiii'ts. nilvi'i'ls, li'iirt's, fitatiiiiis. -latiiiii trmiiiiN. Iiinldiiiu>. 'iiid iii ilp'ifnii : and all iMiirliiin'rliops ami ntlii'i— Imp' li-'ld m iHiiniivil lur ii-r in ri'iiin'itimi with -aid rail\\a\ m tlir Imsinos ilnii'iir. and iiii'liidiiiK iiImi all |iirmm>iiM'>. tiiidi'i'>. lar-. and I'lln-r mllin;; ^tm-k or I'liiiiiiiiiiiits. and all niai'liiii' ry. tonN. inipli'iiiiiii-i. I'iu'I. and inatiiial- fm riiii>ti iirliiii!-. opi'iatini:. n- pairiiiir III' ii'piarin^r the said railway, or any part lli.i'ii.t'. m any ol' it- i'(|ni'|iini'ntr- or up imrti'iimiri'S. w In'tiirr now lii-ld or at aiiv tiini' In'ii-altii aiipiii.-d ; all nl w Ihli lliiii^f> arc li.'ii'liy di'i'liiri'd In III- appnrli'iianri'.- and lixliiii'- n; tin- said railway, and ;o In- imlndi'd ill and pa-s liy tlioi' pri'-i'ni> . anil al>o all lranilii>i'> rmm.'i ii'd with m ii'lainn lothi'said niiiway. m- tin' I'oiistriirlion. niaiiiti'nmn'i'. or iir*i' tlii'iTof. now lirld m- hrn al'ti'r iiri|iiiii'd liy tin- said party of tin' lirst part : and all I'orporati' and othi-r I'riinrliis.-s which mi- now or may hi-ii'iitlir ln' ln'ld or I'.M'irisrd li\ tlir said part\ of Ihr lirst part ; iiinl all jiropiity, jii-r-oiial or niixi'd. iisi'd mi tin' liiii'orsaid road in coiistriiitinu t>i' o])i-ratinu' tin- saiiie, to- p'tlu-r with all and '^iii^nilar. tin- ti-iii'iiii'iits. In'ii'ditiimi'nts ami appiiiti'nam'i's tlii-ii'to hi- lon^iiii^ or ill any wisi' iijipi'itaiiiini.;'. and tin- irM'i^inn^. ii'inaimli'is. (nils, incoini's. ii'iils. issues and prolils tln'ii'oi. and all thi' rstati', riiiht. tit!«'. intii-i'st. piopi'ity. possession, claim and di'MiamI w hat>oi'\i'r. as well in law as in ei|iiiiy. nf the siid party of the lirst part, of. ill and tn till' >miii'. and mix and e\cr_\ pari theienf. with the appiirt. nances. To ILWI-; .\M> I'ti ll»ild» the -aid premi-e. :uid r\,i\ part the|,.,,f niitn the said parti"- III the > ml part .is jnint tenants, and not a - ii-nmit- in cnnimou. and the survivor of I In 'III. and to their nr his successors or assiun> |nri'\ er. ^fVftthclfS.S in (TtUOt, '•"' ''"■ hold, i-nl -aid I^mid-miil upon III.' lollnwin!.' conditions, cnx.nanl- and aui.'.Hieni-. and I'm' the pnrpn-i - her.-in i-\pi.'ss.'d : Kii:-r. Iiitil difaull -hall 1"' inad.' in tin paynnnt ..f the inl.'re>t iipmi the Hmids. nr some part tln'ieol', m niilil d"fiiiilt .-hall lie made in Miinethini: herein ii'.|iiir.'d to Ih' dniie liy the Cliica^'-n and Canada Si.iitln'in Uailwav Cninpany. the -aid railwa\ .'miipmiy. party oftin lii-I pari, -hall l>e siiU'ered and permitted to pns-ess, npeiate. maintain and enjo_\ said railway, with its eipiipiinnts and appnitenances. ami lo uiive ami use the rents, in conies, 'ii'ofits. tolls and issues ihei.'nj'. diirin.tr the term nf lim.- the -nid Hmids. s. cured \>\ this Mni'tpiKe |).'i'il orTiii-t, shall rnii li.'fme matin in. Si.i iiM). Ill case aii\ default sjiiijl Im' made in the payment ormiy interest on any of said homl-, issued or to he issued, accordim: to tin' teimr therenf. ic in case default shall lie made in aiiv of the reipiiremeiit- herein in Im- .Inn.' m- Uepi l.y tin' -aid liailway Com paiiv. party of the lirst part, and smh default -hall emitiniie lur the period t)\' three mmitlis, it shall then lie lawful J'oi tin said 'I'lii-te.'s. ami mi r.'.jii.'-t nf ten or iiime of the holders of sjiid l>miils. repres.'iitiim in aiiinunl one million dollar- llnr.'nf. it shall 1..' tlnir duty, jier- smially, m In lln-ii .iilni ii.'\ > nr aLf.'iit-. withm wiilmut jir. ics.. nf law i lull p.iw.r and I iiiitliurit y l>i-iim li<'i'i-liy irJMMi I'ui that )Mir|)ii- 'i, (>> i-iit>-i' iiili)iiii(l ii|i<>ii all atii'- litTi'lis r(iii\c_\ I'd III' iiiti'iiili'il III lif. aiiil i-arli aiiil I'Vi'i \ |ini'l lli-ii'iil'; ainl In liuvi', liiiiil. ami u-'r till' sanif I'm lln' ln'iii'lit ttt'llif liiilili'isid'siiil Imiiil"* i"*"-!!'-!! iiihIit llii'>'i' |ii'i'>*i'iil». til iia_\ till' ill I III '-it lliiTi'iiii, ii|ii'i'atiiii.' I«_\ llii'iii-ii'lvi'H. ur li\ tli>'ir m- lii> Sup •liiili'iiil-iit. \\:\h a^ji'is. |{i'('fiMT-i. or Si'i'vaiil*. iir iillii-r Atinini ys or Airi'iil-, lli'' -aiil railway, ami rnmliirl iii^tlifhiiftiiii'SHtliiM'i'iir. ami iiiakiiii;rrHiii timr to liimall r<'|iairs ami ri-|ilai'i'iiii-iitM, ami mhIi iiltcratioiis. ai|ililioiis ami iiii|iiii\<'im-ht>> tliiTi'to. as max mmmii to tln'iii to In- jiiilirioii> ami |iioli.'r.roi ihr lii'st iiiti'ifsl III all |iaitii'«irom'i'i ih'iI. ami toriiJliMt ami riTi'i\fall to||>. I'lfiKlils, iiii'iiiiiet, ii-iit'i. isHiii's ami iH'oliti of till- siiMic. ami iM-ry pait tln-ri'iil': ami tVoiii tlw pm- ci'i'd^ of siK'li ii'cciiits. attt'i payiiiir all tin' fXiH'iisi-s ami rliaiyi'^ of opcratiiiir fli"»ai ami riplari'iiii'iits. altiiatioiis, iiiMitioiis ami iinprovi-im-nts, and all tax<'s aixl asM'ssnifHts, saili'. lataMy to i'h- jm-isoii- I'lititli-d thi-rt'to; and at'li-f payini: all iiitoffst on said lioiids. ot'whj'h d<-l'a was niadi- liy said railway rompanv. and all iiiti-ii'st whirh shall fall dm- on said liomi iii>i'i'an<-i'. mi that no inti-r.'st sliall nniiiin unpaid and tm di-faiilt Khali I'xist in anylliinii lii'fi'in ii-ipiin-d t i !>.• d in- or Ui'pt \>\ said raihvax riunpanv. said party of tin- liist jtarl. thfii tin Trust. -i-s -hall ri-sion- tin- possession of ihi- pio)ii'rty. rail way framhiscs. and appiirtiiiamis to the said railway nr|i fmllii'r ir(|iii'st of said liomiholdi-rs in niiiiilii'r and anion lit a- hii'iii -lati'd. -iii,! 'i'msie •* ^hall lake po--i' .^i mi o ' all tlir prop- frt\ and I'll'i-cts lii'ii'liv iiiiiitL';i'_'>'d. ni iiiteiidi'd so tn lie, and operate >aiil rail\\a_\ and jiioperty a> liiieiiil»t'oie stated, ami |ia_\ the interest in ilefanlt of pa\ iimih a» piii\ ided Ami it is fiirthi'i stipulated ami proxided. for the jiiirpose of uiviiiu an additimial and fnitlier security and unaiantee to iiisnie priiiii|it pa_\ ineiit ol' the intenst of said liomls. as it shall inatni'i- and I iiie due and pa\ aMr acrordiiiv' to tin- tenor of -aid Ixinds, as fol- lows, X iz : That in ca-e iletanlt -liall lie madi' at an\ time in the |iayiiii nt of any interest on any 4tf said Imiids i-..ii|ed iimlei the^e presents, then the liohh-is of said I'omis or any ten or niori' ortln-ni. artiiiLr for themselves and others representin|.r in tin- aii)ir»vate one mill lion of dollars of said Immls. ~hall lia\e th" ri'.'ht at any tinii' after si\ 'iiontlis havee|ap>ed afti'f such di'faiilt shall haxe lieen made in the payment of interest, and -aid default then »'Xistinir. to I'lft and deelare the prinrijial of all of >aiil luiml- due and )ia\ alile. and that theti and in -inh rase the prim- i pal of said liomls shall then lie deemed due and pa\ iMe to all iiiteiils and purposes the s;inie .is ihouirh said Immls were all dm' and jiayaMe liy the terms thereof, aiiytliiiiir rontaiii"il in said In aids or herein to the ronlrary iio|» itiistandiliu. and that in smli I'.ise. or in ease default shall I"' made in the pa\ iiient of the principal of said liomls issued or to In- issued under these presents, when l he same sliall lieciuiie due and ]iayal>le arcordiiii; to the teiuis thereof, at the rei|iiest of said liomlhohlers to tin- said nniulier and anioiiiit. the s.iid ■rriisiees shall iiiinn'diately eleet and deelare the prim'ijial of all of said Immls to lie then due and pavahle. and shall foreclose tii is inortpi.ue deerl of trust for the principal of all said hoiids issued under tlu-se presents and the interest iin|iaid thereon, and enforce payment theri'of as speedily as possiMe. instead of operjitinir said rail- way and condm'tinir the luisiiiess thereof as herein provided for in case of default lieiiii; niadi' in the payment of interest, and such default continued for a period of iliree niniiths And the said Cliicairo and Canada Southern Kailwax Comiiany, parly of the lirst part, in such case doth hereliy irrevocalily authori/.e ami empower the .said trustees on such I'eiiuest to make sale of all :ind sin^;ular the piopertx heieliy i oiiveyed or intended to he conveyed. Ill so much as may lie necessary to jiay oil' the snid liomls issued under ihesp ])resents. and the accrued inteiest thereon then unpaid. Such sale shall !»• at juiblic auc- tion at the north ih mi of the Court House in the City of Chicay:o. Illinois, (U' at such other ]ilace as the said Truslees may select, to the liit:liest ladder or bidders, lirst irixinK notii'e by jMililicati'iii in one or more leadin;^ newspapers oi' ireiieral circulation in eai'li of tin- Cities of Cliicairo. Detroit and New York, for ninety consecutive days before the day of the sah', settitm forth the time and place and terms of such sale and the jiroperty to be sold; and cm such sale said Trustees may convey to the purchaser or puichasers. by >;ood iiinl siitlit'ii'iil ciiiiM'x iiiicc. Jill llic ]irii]iiii\ -n «ii|i|. » hiili Mil"' iiinl (•(iii\"'\ iiinr -hiill Im- witlidiit r)'i|i'rn|ilii>ii :iiiil willmiii ■,[]\\ liulil ni ihiiiii iil' (Ih' ]i:ii'l_\ nl'tlii' lir^t |:iit in tin- bt'ilt'tit (if Miiv \ iiliiMlimi or iiii|ii!iisc'iii"'iil hi«-: mihI >iicIi >iil"- :iinl idiixi'Viiiir" slmll l»' ii |»iTpi'lii;il l>:ii- In .ill ihiiin-^ or liulil nf s:|m| |);nty i>\' t'l • lii-l imrl i>\' :nii*' til' tii-i| pint fni-.-M-r ; :iiii| such >|i • ami iniiM-yjiiicr \' ri''> nr any of thfin. It i< I'll It her |>in\ i<|ed, ami liy and nii the pail n'' the part\ nf the tir-i part, it i- a'.:r I that in ease said Trustees shall di'eiii it advisable j'nr the inteii'si nl'the Iximllmlder- in result tn judicial ]i|nceedil!t;s In fnleclnse this mnrli;aL:e lilt ller t ha 11 In advertise and -ell as herein provided, then, in that case, saiil 'rrn-tees may proceed in aii.\ Coiirt. Stale or KiMleral. Iiavint: .jiirisdictinii in eitlieidf ihi' Stale- oi' IHinoi-. Imliana. (Hiiooi Michiean. to fnreclosc the saiiie. aiid tl qnity of iedeni]iiioii o| ih.' |iail_\ of the lir-t part in said property, and enforce a sale theieoj' l'\ judicial pincc--; to pa\ ami saii-t\ the whole aimniiit of said Imml- with accrued inteie-t thereon in the same manner as thnm.:h >aiil liniids were all due and jia.xalile li\ the term- iher.i.i. which sale-hati lie alxoliite and wiiliniil ledeinptioii, and iiidi sale, in and to -aid piopcily -.i-nh iider jndicial proceediiiL:- as ]iio\ ided for herein. Tiiiitii. 'i'lie said Chicaiiii alio Canada Suiithern Wai, .i\ t'nmpaiiy. shall, from time to tinii'. and at all time- heieailer. and a- often a- rei|i|csteil liy the ,aid Tnistei-. execute, ackiiowledire and deliver all such I'lnlher deed-, conveyance- and a--iiraiice- in the law. for the lietter as-\llillu lllllo t lie -aid Trn-tee-. Upnll tie- tllisis herein expressed, the -aid railway, the I'ipiipineiits and aiiiiiirteiiances heirinliefore mentioiii'd. and all other ]iiop- erty ;i!iil etferi- w ha I sih ■ver. which iiia.v at .■iiiy tiiii' lierea!'l"r li" ac piired for ii-e in cniiiieciioii with the said railway or any part thereol'. and all franchis.'- iiow held or here- after ac.piired li\ siid railway company, as liy the Trustees or liy their or his counsel shall lie lea-iiiialily adv i>ed. devised or reipiired. In case of any sale of the property under the trust, a- herein provided, and all the oiitstandiii!.^ Iionds issued under the provisions hereof shall mil lie ii-pioeiiii'd at -iich sale, then said trustee- shall re|iresent smdi of the liomllioldei^ as are not otherwisi' rejiie- Sellted. so that no preferem r ad van la tie c;i II he eailied li.V one or imile of the I mi id holders ov er other holders of said lioiids on such sale of the properly under these presents. .\nd at any siicii sale, under these piesi.|its. the said trustees. |iarties of the second part, may at the request of a majority in valiii' of thi' said lioiidholdeis. liid in or purchase ilu' said prop 'rry' fo!- th" li -n 'lit ni' s lid i m 1 i il I 'i-s, in [ir ip ii'ina ti In 'ir resji '.'tive interests. ForiiTii. The Mnard nf Diiectms nf the Cliicaun and Canada Southern Hallway (,'nni- jiiiny may fiDiii time tn time, 1>\ rest iliit ion, reijuire saidTrnstei's. liy way of release or otiiei'- wisc, to discliariri' from the opei'iitioii of these jireseiits. aiiv lands a cipiiii'd or held for the liiirpiise of stations, depots, shops or other Iniildinus or premises cii(li (|i\ iiitiiiii m <'li;iiii:i'. iiiid wliirh IhikU ii-|ic(ii\ dy sluill. h_\ i-f^ulutiiiii uf .slid Hoiiid, III' iliM'laii'd to lie iiiiiK'fcvsiiy I'm- the |iiii|iii^" iiml l)ii>iiii'^> nf siiid riiin|i:iii\' ; iind ill cvi'iy siirli cii-i". till' >iid tni-*!'"-^. wli.-ii -^n !•.■ [iiii ■ 1. sli;ill cX' ill • -ucli i'i'li'iis«'S iiiid cliscliiir^i's iifcordiiijilx : mihI ii i- Iniiliy di'il;iiiil. lli:ii iiiiy l:iiid- uliiili nmy Im' jirciuiii-d in siilisiitiiliiiii i'lir liiiids sn irli'a>"d m- di^'harui'd. ii-> wi'il as any lands >nl>si'nii.-iifly acnuii'i'd liy said cunijiany. Cnr tlic nsi> ui- cnini'nii'ni'"' nf its railway, cii- in •■uniii'iiinii thert'witii. sliall i>i' iMTalicin nf tlicsc iiicscnts, and tn In- iiirindi'd tlii'ii-in. and sliall lir runM'y.-d tn and In'ld 1>_\ said 'i'liisti'i's ii|M)n tin- trust of tli'-s.' |ir -si'iits : an I it is fiirtlu'r d ilaii-d that said ('diniiany may. IVuin tim.' Ici tiiiK-. sidl or (lisjiosi' of any part of tlir ii|iii]iiiii'nt. milinu' stm l\. inaciiiiii'iy. iin|>lfiii«-iits ur niatciial. at any time Indd or m-tiniri'il. for llif iisi- nr ]iiiriHisfs of said railway, as may, liy ri-soln- tion of the Hoard of I)iri'ftoi's, lie dcclari-d to hi' no Immi'r useful or necessary for the said comitany'.s Inisiiiess. and any new or -ntisiM|iienily aeipiired r'(|iii|)meiit-i. rolliiii: Ntoi'k. iiia(diinery. imiilements or materials shall come within and 1h' siiliject to these ineseiits. FiKlii. If the said Chicae-o and Canada Southern l^iilway ( 'onuiany ^^liall widl and truly pay the lionds issued under thesi' )ire-'ni- rei|nired to hi' paid Ky saiil Company. and all interest thereon, ac •oidinu' to ih" I'lior ami elf^ct of said honds. and shall w.dl and truly keep and iieit'orm all tliiims herein leipiired to l)e kept or pel forme I l)y tin- said (Jompauy, accordim:' to the true intent and ineanin.;' of ihes,. ]iresi'nls. thi'ii in that case, th-' estate, riuht. title and interest nf tin- said parties of the sec.nid pari, and of their suc- cessors in the trust herel.y ci.Mteij. and all tlie.spiiiy of lioiidhoMer- in ^aid prop'-rty shall cease and det'iniiiie ami liecome void without an\ reh'ase hy said Triistei's, Init it shall he till' oth he oriirinal or new. and whenever a vacancy shall exist, to mean tie- survivor or continiiine- Ti'iisti'i. ; jmd such Trustee shall, diii'iiii:' such vacancy, lie comjie- tellt to exel'cise all the powers yrailti-d hy these ]iresenls to the parties of tile second Jiait. And it is inntiiiilly airreed hy and heiween the jiartiev heiito. as a ci.nditioii on wliicii the ]iarties of the second part have ;issented to these pres..|iis. that the said Trustees shall not. in any manner, he respmisihle for any default or niiscondnct of each other; and that .said Trustees shall lie entitled to just com)iens;ition for all M-rvices which they may hereafter render in their tiust. to he paid liy tin' said ( 'oinpany. and that either of the said Ti iistees. or any siicc'"riviny: such imtici' to ihe other as the Court may di I t. .\iiil such Truster or Trustees s.i appointed sinill have all the rieht and title, and he 7 ('I(itlii'(| with all IIk- |iii\vi'I' :ni I siilij ' i tu a'! tlir iliiti ■- lnTfiii ini'iiliiin<-il in tin- •iutw iiiaii- UiTaiKJ lo till' saiiH' I'xti'iil as if iiaiiK'ii in this M(iiti;a!j;i' as siicli 'rrii>li r 'riiisti'rs, Skvkntii. It is rmtlicr innvidi'd and a^iiffd. on tin' jiait of tin- |>arty ol' tin' lii>t iiait. tliat ill case thf sai. or any ti'ii or iiioii' of till '11 1, holdin;:' an anion lit in tin' ajiurctiati' of oiii' mi I lion of dollar^, sinill lia\ !• the l'iliio or Miclii;iaii, lliroiioh which s;ii(i railway may lie constnictt'd, in their niiim's. for tiiemseh cs tiiid all oihi'i' holders of >aiil lionds issned under and secnre<| liy ihi'^e jMi'seiit-, as may or will jirotei't the hohleis of said lioiids, ami insiiie a ih'rr f foreclosure and sale of the liro|ierty. and a closin^df said trust ; lo |ia\ ami satisfy the iiitei-est due and iinjiaid on said liomls, or the |iriiiciiial thereon, to the I'nII inoiection of the holder~> ol'said bomU in all thiiies niider these |ireseiits. iiiakim:' said Ti unices |iarti'- defemhint. and charuim: ^lich llejilect or refusal. .\nd it is furlher aur.'cd that iIk' liohh')- of any of -aid lioiids. after reui-i rat ion I hereof. as provided in sai;iiue shall hecoinediie and payal)le accore assessed ii]ioii said liomls from time to time liy the govei'iiiiieiit of the I iiited States, a lid also all taxes assessed u]ioii said morti:a'.ie(| property or any part thereof, liotli general and special, in the several Stale- tliroii;ili wliicii said railway extends, so that said piojierty morliianrd shall lie free from all lieiis or chaiLies for taxes or assi'ssineiils in said States of wliatever kind or naliire. Said Imiids. or any of them, at the option On the lirst day of April, in the year A. D. ISSO. the sum of ?(i:j(i,'>()0 On the lirst da\ of .\pril, in llie year A. I>. ISSl. the sum of .if(ir>(),(i()() On I he tirsi day of April, in the \eai A. I>. ISS-J. the >uiii of !?n:J,0()() On the tii>i day of April, ill the year A. 1». ISSii. the sum of . .s^l'.M.OOl) On Ihe lirst da\ oT .\pril, in the year A. i». IS.si. the sum of . i^^liMMKt S Hii ihr |ii>i (liiv .if Ajiiil. ill till' v.'iir A. IV iss:.. ilir -ii I .. . ■>^'2•2^.U{\^> Oil I III' til -I (l;i\ tif A) nil, ill iIm> y.^iir A l>. ISSil. tli.. -mil nf i?24f5.(MMi OiMli.- Iii>t iliiv i.r April, ill til.' y,.iii A D. 1SS7. llir -mn d' . . .^t^'if.ri.ddo On till' lirsl iiii_\ i>r Apiil. ill till' M'jir A l». ISSS. th.' -11111 uf ^2S<.niin On tlif lirsl (l:i\ nt' Ainil. ill the vi;ir A I) lsS:t. iKf miiii c.f k:{(i|.(I(«i On till- liisl (l:i\ lit' Ainil. ill llii' ,\i;ii A. I). is;iii, tjp,. -m,i ul' ... . .>iH'Jl,t'tMi On till' llrsi iliiv nt" A|.ril. ill til.' yriir A. I>. tSlH. (In- sum >\' J!i8:{t<.iiii(i On till' first liiiy i.f Ainil. in tlii' yi'iir A. D. IS'.fJ, tlir -iini uf ;i;C>t',.(i()n On till' first il;iy of April, in tin- yi'ar .V. D. IS'.*:!, iir -iini nf KiatS.udd On file first (lay ul' April, ill the yi'iir A. I>. IS'.M. tin' siiiii nf siCWM.iMMi On till' lii>t day ut' .\piil, in (lie yi'ar .V. D I Sit."), tin' siiiii ul' >(fl l.min On flic lir.st (lay III' April, in tin' year .\. D. IsiX!. tin- sum nf" ... lii^Sl.iKin On flu' first tiay nf April, in tin' y.'ar .V. I>. IS'.»7. tin' -uni uf ?!44b.iMi(i On till' liisf (lay I if" April, in tin' yrar .V. i> l.'^'.ts. Ilir sum ul' !!!4t;(i.(Hi(i On till' lirsi (|;i_\ III' April, in tlic yi'ar .\. 1). l.s'.iK. tin' -inn nf s.4.sti noii On fill- iirsi (liiy iif .Ajiril. in till' y.'Mi .\ l» r.cii. th,. -uni uf SrinM.iMKi On fill' first ilay nf April, in till' yi'.'ir A. i>, liiaj. ihi' sum nf sri-i'J. ni 11 1 On till' first (lay nf .\pril. in til'- yi-ar .1. 1> I'.tn-,*. tin' -11111 nf . .s.'iJi'.ikki AinouiitiiiK in till' a^;i:r.';:iiti' tn $S.U(iii,(Mi(i ; .'hhI t\„- uniumit luivliy Mppi(i|iiiati'il fur tliH rt'dt'tnptinri i.r siiiil Imnil- -^liall lie applii'.l as thus apprnpiint.'d to tlir inirclia-i' nf luMids issued undi'i- lln-si' pii'Miils at the Inwesl rate- at which said liniids can III' piir oilllSt'd, not hnWi'Ver exccdillir llie |i;ir value tllerenf and the ace 11 III II la ted interest thelenli. and to t'flt'ct this the iinard nf iliiecfnr- nf -;iid cnmiiaiiy will, liy piilijic aih ertisemeiit Hlicll yciir. snlicil nU'ers nf -lull lin|id> 111 the limnlint .'Ipprnpriated in each lespectixe year fiir this purpose. Hut if -ucn Imiidscaiinnt he purchased at par. the said iinard nf Diiectnis will III' at liherty til piirchas" saiil Imiid- at their inarUet value, nr tn iuMsi 1 h,. aiuniiiit thus ajiiuopriati'd in aii\ nther way. which in tlnii juiieiueiit will lie must fur the inieivst of tlie Sini>f Irii-t an- stamped when issued as required by the rniti'd States internal i^eveuiie laws. In ti'slimony wherenf. and in iiuisiiaiiceiif a resiiliilioii nf the Unard of Diiectois of tlie said Ciiicairo and Canada Southern i{:iilway ("oinpaiiy. jiassed on tlic twenty-fourth day of January, in the year one tlioii-ind einht hundred and seventy two. the said llailwayf^oin yiaiiy of tlie first part hascaii I its corporate seal to he aflived to these ]iresents, at its office in the City of Cliicu'i'o. in ih- Sfit ' of illin lis, ;ii| i tli • sam ' to h ' attested hy tiin siy- nafiiiv of its i'l'i'sidi'iit and the si'.;natiii'i' of its s -ci'tarx . and tin- said Trustees have liere- iintn set their respective Iniids and seals to testify their acceptance of the said trust, tiie day and year first almve written. Attested hy l*n siili lit 0/ .suit/ ('iiiiijxnnj. Attested hy Sirrelili;/ nf (hr CiHiifHtiiil. The undersiiiiii'd lu'iehy accejit said Trust. , ISKAL.I Sijrneil. sealed and deiivi'led in presence iif ., |SK.VI..1 Tntufees.