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<br />knowledged and filed for record in each place where this
<br />Indenture shall have been recorded. In the event of the
<br />death, removal, resignation or incapacity to act of any
<br />such individual Trustee, a successor to such Trustee may
<br />be appointed by an instrument in writing signed by the
<br />person who shall at the time be the President of the
<br />Trust Company, and acknowledged and filed for record
<br />in each place where this Indenture shall have been re-
<br />corded; and in the event of the failure of the President of
<br />the Trust Company to make such appointment within a
<br />reasonable time (not to exceed twenty days) after such
<br />death, removal, resignation or incapacity to act of the
<br />individual Trustee, a successor to such Trustee may be
<br />appointed in the same manner as is provided in Section I
<br />of this Article with respect to the appointment of a suc-
<br />cessor Trust Company. Every successor to such indi-
<br />vidual Trustee shall be an individual person who is an
<br />officer of the Trust Company.
<br />Src. 3. Every successor to the individual Trustee or
<br />to the Trust Company appointed hereunder shall exe-
<br />cute, acknowledge and deliver to his or its predecessor
<br />last in office, and also to the Company, an instrument ac-
<br />cepting such appointment hereunder, and thereupon such
<br />successor, without any further aet, deed or conveyance,
<br />shall become vested with all the estates, properties,
<br />rights, powers, trusts, duties and obligations of his or its
<br />predecessor in trust hereunder, with like effect as if
<br />originally named as the individual Trustee or the Trust
<br />Company herein, but the individual Trustee or the Trust
<br />Company ceasing to act shall, nevertheless, on the writ-
<br />ten request of the Company, or of his or its successor,
<br />execute and deliver an instrument transferring to such
<br />successor, upon the trusts herein expressed, all the es-
<br />65
<br />tates, properties, rights, powers and trusts of the Trus-
<br />tee so ceasing to act, and shall duly assign, transfer and
<br />deliver all properties and moneys held by such Trustee
<br />to such successor Trustee. Should any deed, conveyance
<br />or instrument in writing from the Company be required
<br />for more fully vesting in and confirming to such succes-
<br />sor 'Trustee such estate, rights, powers and duties, any
<br />and all such deeds, conveyances and instruments in writ-
<br />ing shall upon request be made, executed, acknowledged
<br />and delivered by it.
<br />ARTICLE Y I I.
<br />Nothing contained in this Indenture, or in any bond
<br />hereby secured, shall prevent any consolidation or mer-
<br />ger of the Company with any other corporation, or any
<br />conveyance, transfer or lease, subject to the continu-
<br />ing lien of this Indenture, and to the provisions thereof,
<br />of all or any part of the mortgaged premises to any cor-
<br />poration lawfully- entitled to acquire the same; provided,
<br />however, that such consolidation, merger, sale, convey-
<br />ance, transfer or lease shall be upon such terms as to
<br />preserve and not impair the lien and security of this In-
<br />denture, or any of the rights or powers of the Trustees
<br />or of the bondholders hereunder.
<br />ARTICLE x I I I .
<br />SECTION 1. All of the covenants, stipulations, prom-
<br />ises, undertakings and agreements herein contained, by
<br />or on behalf of the Company, shall bind and inure to
<br />the benefit of its successors and assigns, whether so speci-
<br />fied or not. For all purposes of this Indenture, including
<br />the execution, issue and use of any of the notes hereby
<br />
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