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itPeoeirfbor31, 1909* A motiivs WP ptii 'Bsumxitlm Cosriifctoo of the Can Pedro* l*oo Arv5@lo@ A Salt fays* Euilroud Oosgany ime held cm Mm~0m 31, 1909, at ISO Mm York llip I: Present * Messrs* m mmute* r* Lovett ma imh. wow* m *5,020, with « pri® coitah? -? to mmim mm tmsmtoi, bosbs. , IOSCO®, this oet^pawy will deposit with The g^uitefclo TrustCeng-any the anas a€ Hundred and Twenty Pollers ff5,§20#l to provide for the payment of the ««c! e - ? -E. on Eiiiia majored res* ©etively SfOif sni 37030, together # i%% the o onions pertaining thereto, beginning the ooujon dhdsji In due on , s, , a let, 19101 asl issued under s oortain easrtgn^a or deed of trust by this ©o&gany hearing; date July lot, 1903, to The i^jultnble Trust C ©eg any of Yorlc, and the 1 resident of this Coi^any is authoriaedto roedSve ©aid csenoy and to |.t*y out §jj|f oeysai in piyrsent of «aM bonds and soup ©ns on lu'eauritution th#r#of to said frost 0e®§ia*iyt timber bofor® or at the mtwrity of m..$4 head® or ooui one* ais© mw §f §41*000,000. of ? fitliST TOBTOAGB OTPS PAT®.JOLT 1, 1909. lulilllll®* that the President, or one of the Vise 1 ro©i&0nfafj| find thu soaretavry, or ono of tit© 'Aealotant Csjrotixio©, of this 6»ii:'lilyf he,' and tl*©y are hereby authorised to sign and delive# to the Guaranty Trust of Sew Torh, as Trustee of