University of Virginia Library

Article 6.

And this indenture further witnesseth; that the said Rector
and Visitors for and in consideration of the premises and
for the sum of Ten Dollars, the receipt whereof, at and before
the ensealing and delivery of these presents, is hereby acknowledged,
covenants, promises and agrees, and by these presents
does for itself and its successors covenant, promise and
agree to and with the said Trust Company and its successors in
the trust hereby created, that the said Rector and Visitors
shall and will well and truly pay, or cause to be paid, unto
the holders of the said bonds the principal and interest thereof

as the same shall become payable according to the tenor of
the said bonds, and the terms of such coupons as may be thereto
annexed, and that they shall and will from time to time,
and at all times thereafter, and as often as thereunto requested
by the said Trust Company under this indenture, execute, acknowledge,
and deliver all such other and further instruments, conveyances
and assurances in law for the better assuring unto the
said Trust Company, and its successors in this trust, the property
herein mentioned and described, and all substituted property,
as shall by the said Trust Company, or its counsel learned
in the law, be devised, advised or required.

And it is further understood and agreed that the bonds for
the registration of which provision has hereinbefore been made,
shall be so registered on the books of the said Rector and Visitors,
and while they shall remain so registered the principal
thereof shall be payable only to the registered owners or to
their legal representatives. And if at any time after the expiration
of ten years from the date of said bonds the said Rector
and Visitors shall determine to call in and redeem a portion,
or a certain number of said bonds by way of investment of
the sinking fund herein provided for, or otherwise, the bond or
bonds so to be called in and redeemed shall be selected and determined
upon by lot by the said Rector and Visitors.