 | Board of Visitors minutes October 6, 1906 |  |
—Article 6.—
And this indenture further witnesseth; That the said Rector
and Visitors for and in consideration of the premises and
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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
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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.
| Board of Visitors minutes October 6, 1906 | |