Agreement of Holders of Collateral Notes of Union Pacific Railway Company Dated
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Neither the execution of this agreement nor anything herein contained shall in any manner affect, limit or im- pair any rights, powers or duties of said firm of J. P. Morgan & Co. As Trustees under said Collateral Trust Indenture.
VI. All sums in cash received by the Depositaries for principal or interest on the deposited Collateral Notes, or upon any bonds, stocks or other securities purchased by the Depositaries, and all sums realized by the Depositaries by the sale or other disposition of an...y such bonds, stocks or other securities, or in any manner resulting from the trust estate under this Agreement, shall be deposited with J. P. Morgan & Co. As bankers and may be applied by the Depositaries to the payment of any and all expenses whatso- ever incurred by the Depositaries, including the repayment of any moneys advanced by the Depositaries or borrowed by them from others, and a reasonable allowance to the De- 15 positaries to cover expenses for clerk hire, rental of vaults, counsel fees and other incidental expenses ; and after the pay- ment, or proper provision for the payment, of all such ex- penses, or such part thereof as the Depositaries may think best then to pay or to provide for, any balance of such moneys remaining in the hands of the Depositaries, shall be applied by the Depositaries as follows : FIRST.
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To quickly assess the difficulty of the text, read a short excerpt:
Neither the execution of this agreement nor anything herein contained shall in any manner affect, limit or im- pair any rights, powers or duties of said firm of J. P. Morgan & Co. As Trustees under said Collateral Trust Indenture.
VI. All sums in cash received by the Depositaries for principal or interest on the deposited Collateral Notes, or upon any bonds, stocks or other securities purchased by the Depositaries, and all sums realized by the Depositaries by the sale or other disposition of an...y such bonds, stocks or other securities, or in any manner resulting from the trust estate under this Agreement, shall be deposited with J. P. Morgan & Co. As bankers and may be applied by the Depositaries to the payment of any and all expenses whatso- ever incurred by the Depositaries, including the repayment of any moneys advanced by the Depositaries or borrowed by them from others, and a reasonable allowance to the De- 15 positaries to cover expenses for clerk hire, rental of vaults, counsel fees and other incidental expenses ; and after the pay- ment, or proper provision for the payment, of all such ex- penses, or such part thereof as the Depositaries may think best then to pay or to provide for, any balance of such moneys remaining in the hands of the Depositaries, shall be applied by the Depositaries as follows : FIRST.
What to read after Agreement of Holders of Collateral Notes of Union Pacific Railway Company Dated?
You can find similar books in the "Read Also" column, or choose other free books by Union Pacific Railroad Company to read onlineMoreLess
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