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i » mggpatod tte mMsalty of mklag s«j» provision ter the intending of ttew setts mat that to soo«splitl4 tit is «i to provide for otter obligations mi mmmttim of the ooapwp, ttoat Viral i-tortgago of tto® MWpttQr «to»«M too rottret soft oamoollod w4 ttoat In lion ttoroof a now aertgag® efeooCML too as.de for too aggre- goto i«wt of #60,000,§00*00 in tents* #40,000,000 ox m ma&b of fiiit now i«s* a* sight toe nooos* easy to toe wed to rstix# tte tooado iomod aad mtmtmitn^ males* tte pxoottot mortgage; £6,19&,?48*S6 a,st m aaoh of said Isooo as mj to© atooMflt*y to retire tte oooioap'o sir per ooat notes whioto aataro 1, Hit* Ctoa reminder of the first 180,000,000 to to® isovoft itooa tim to time mater smM ©ortg&ge and need water ap­propriate pxovlaioss fixed top the utortg&g© ter tte pavotajk of ad&ltioaol eftiipmemi, asi tte oonetraetion of shops, traOtoo or additional fmilitim asu tetoteraents m *sy to# rtfolrod ter the ©oiaptmy*© mm* tto® remaining #10,000,000 issm® of now toonte to be hmmtl 'tmm ttea to time in so pairing or ooRotmotlag ®f or tor^aoto lines, or is purotec*lag tte oapital sto©^: and ©estiritles of otter mUroed oorpawfioao, D-utostantiaily nron tte terr.s aai mnikltiMm pte*rU.®& In the present first llor%ag® as to tte ex­penditure of a 111® cm for llte# pnrpoe®o* Upon oonaldomtioa tte snggoatlon of tte irmXAtmt we approved end too was direotoft to ooaeo the now Mortgage aad a»o toasts to to® prepared; tte fa rat e t wkloto toe ter® isonanoo is to to© •atooittod to approrod toy this Ooaalttoos eat to tala otopo Hfseessary to rsftot tte present is© rtg-ag® anl not# Jtod#tot«dnti® of tte ooa^any span said tea Is site retire tte ontetendins first