payment of its undertaking all its property whatsoever and wheresoever, both present and future. (4) This debenture is

issued subject to the conditions endorsed hereon.

Conditions.

(1) This indenture is one of a series of 2,000 debentures, each for securing the principal sum of £50, issued or about to be issued by the company. The debentures of the said series are all to rank pari passu as a first charge upon the property hereby charged, without any reference or priority one over another; and such charge is to be a floating security, but so that the company is not to be at liberty to create any mortgage or charge in priority to the said debenture.

Form 3271.

Application for Loan with Debenture Bonds as Security.

To the Bankers' Mortgage Company.

We hereby make application to your company for a loan in the sum of $125,000.00. We will agree to pay six per cent. interest per annum for such term as may be mutually agreed upon. We offer you the corporation note with collateral security as follows: sixty-three per cent. of the common or voting stock of the Harrisburg Foundry & Machine Works. The strong financial condition of this company which has been in operation in Harrisburg for many years is well known.

We are submitting herewith, for your consideration, a financial statement of the Harrisburg Foundry & Machine Works.

The Harrisburg Corporation, looking toward liquidation of this loan, will agree to hold in its treasury of its six and onehalf per cent. debenture bonds, a sufficient amount that, with proper deductions for commissions, etc., will net the amount of the said loan, these debenture bonds to be delivered to your company and sold by you, and the proceeds used for the liquidation of the said note, at such time or times and in such proportions as you may direct.

This application was granted by resolution of board of directors.

(Construed in Baker v. Bankers' Mortgage Co. (Del. Ch.), 133 Atl. 698.)

Form 3272.

Release of Unrecorded Debenture Agreement.

KNOW ALL MEN BY THESE PRESENTS:

That the First Trust and Savings Bank, a corporation organized and existing under and by virtue of the laws of the state of Illinois, and having its office in the city of Chicago in said state, as trustee under the trust agreement hereinafter described, for and in consideration of the sum of one dollar, the receipt. whereof is hereby acknowledged, and the payment of a portion of the gold debentures and the interest coupons thereto belonging, and of the deposit with said First Trust and Savings Bank of sufficient funds for the redemption of the remainder of the gold debentures and the coupons thereto belonging, described in a certain trust agreement executed by the Company and the 19-, does hereby acknowledge satisfaction and release of all the right, title, interest, claim or demand whatsoever which the said trustee may have acquired in, through or by the said trust agreement.

Company, dated the

day of

In Witness Whereof said First Trust and Savings Bank, as trustee as aforesaid, has caused these presents to be executed in its name and on its behalf, by one of its vice-presidents, and its corporate seal to be hereunto affixed and attested by its secretary, this day of, 19—.

First Trust and Savings Bank, As Trustee,

Stove Company will dollars

pay the bearer at its office in the city of New York

in gold coin free from all taxes, being three months' interest then due on its first mortgage coupon bond No.

The

Interest Coupon-Another Form.

Improvement Company will pay to bearer at the office of the St. Louis Union Trust Company in the city of St. Louis, Missouri, twenty-five dollars ($25.00) on the first day of being six months' interest due on its collateral trust

note No. $25.00

Secretary.

(See National Bank of Commerce v. Francis, 296 Mo. 169, 246 S. W. 326.)

Form 3275.

Notice by Trustee to Coupon Holders as to Taking Up Same.

Chicago, Ill.,

19-.

To the holders of coupons hereinafter referred to. Please take notice that the coupons of the bonds maturing this day of the Lake Street Elevated Railroad Company are taken up by the undersigned, the American Trust & Savings Bank, trustee, expressly under the following conditions: The Lake Street Elevated Railroad Company on, 19, deposited certain moneys with this bank to meet said interest coupons due 19. Other parties now insist that those moneys belong to them, and that said moneys should be applied, not toward the payment, but only toward the purchase for them of said coupons. If it be hereafter judicially determined that their position is correct, then the said coupons so maturing, 19, and taken up by this bank will be turned over to them as purchasers thereof uncanceled; otherwise said coupons will be treated as

paid, and will be canceled by this bank. Unless you consent to the conditions of this notice the undersigned must decline to take up said coupons.

The American Trust & Savings Bank, Trustee. The undersigned, who is the holder and owner of

dollars

of the coupons above referred to, hereby accepts and consents to all of the provisions and conditions of the foregoing notice.

Witness:

(Construed in Farmers' Loan & Trust Co. v. Lake St. Elevated R. Co., 122 Fed. 914.)

State of -, as principal, a corporation organized and as surety, (herein

existing under the laws of the State of after so called), are held and firmly bound unto United States Steel Corporation, a corporation organized and existing under the laws of the state of New Jersey, its successors and assigns, in the penal sum of dollars ($), to be paid to the said United States Steel Corporation, its successors or assigns, for the payment of which sum well and truly to be made the said principal and the said surety do hereby bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

Signed, sealed, dated and delivered this

A. D. 19-.

day of

Whereas, representations have been made to the said United States Steel Corporation that coupon No. payable pertaining to the, No. heretofore issued by the said United States Steel Corporation, ha- been lost, destroyed or stolen, and that said principal w—, at the time said coupon w— lost, destroyed or stolen, the sole owner and holder of said cou

pon— and ha— not in any manner transferred any right, title or interest in or to said coupon-;

And upon such representations, application has been made. by the said principal to the said United States Steel Corporation for the payment to the said principal of the interest represented by said coupon-;

Now, therefore, the condition of this obligation is such that, if the said United States Steel Corporation shall pay to the said principal the interest represented by said coupon-, and if the said principal shall, if and whenever said coupon- shall be found, deliver the same to the said United States Steel Corporation for cancellation, and if the said principal and the said surety shall at all times hereafter, jointly and severally, well and truly indemnify, save, defend and keep harmless the said United States Steel Corporation, its successors and assigns, of, from and against any and all claims and demands which may be made against it, and all loss, cost and damage arising out of or in any way connected with the said coupon-, and the payment of the interest represented thereby, and shall reimburse the said United States Steel Corporation, its successors and assigns, for all moneys which may at any time be paid, voluntarily or otherwise, by the said United States Steel Corporation, its successors or assigns, to any holder of said coupon-, and shail reimburse the said United States Steel Corporation, its successors and assigns, for all moneys which may at any time be paid, voluntarily or otherwise, to the trustee under the mortgage given to secure such bonds and coupons, by reason of the failure to surrender the said coupon- to said trustee, then this obligation shall be void, otherwise it shall remain in full force and effect.

Signed, sealed and delivered in the presence of:

On this

day of

19-, before me, a notary public

in and for the county and state aforesaid, personally came

to me known, and known to me to be the person- described in and who executed the foregoing instrument; and I having