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ARTICIi.E sEVEx
RIGHTS OF THE COMPANY
Prior to Detadt The Company and its Soooessors shall have the tol-
bwing rights:
Sec. 7.1 To retain actual possession of all the Mortgaged Properties Musssba
and to manage, operate and use the acme sad every part thereof, with
the rights and franchisee appertaining thereto, and to collect, receive,
~:C, live silo e~jOJ ~iic I'$Lc~7uca, ICiti,a, Ct[I11Iij~o, II1WiIle, i$Slle$ and prof-
its thereof.
Sec. 7.2 The Company from time to time may terminate, release or Ce~trsets
make changes or alterations in, or substitution of, any leases, agreements
or contracts which are subject to this Indenture.
Sec ?.8 From time to time, while in poseeaaion of the Mortgaged 9is#sslWs
Properties, The Company shall have full power, without any action by N hgsrty
or notice to the Trustee, to dispose of, free from the lien of this Indenture,
any portion of its Movable Equipment, other equipment, machinery, tools
and chattels, materials or supplies which may have become unserviceable
or which may not be necessary or advantageou¢ to retain !or use in connec-
tion with the Mortgaged Properties,
Sec. 7.4 From time to time, the Trustee shall release from the lien , iblase
of this Indenture any part of the Mortgaged Properties upon delivery to
the Trustee by The Company of its Request therefor accompanied by a
Certificate setting forth:
(1) The description and fair market value of the Property, a release
of which is requested, and that such Property is not necessary or
advantageous to retain for use by The Comnanv in Railroad ()ru+rat.;~.,
(2) That the proposed sale or other disposition of the Prc,Iierty to
be released will not, prior to the Maturity of any Bonds: (a) sdverae-
ly affect or impair the efficiency, economy or continuity of The Com-
pany's Railroad Operation or of its service to the public; or (b) un-
duly restrict the scope o! The Company's business or service to the
(8) It the Property to be released is to be sold, leased, exchanged or
disposed of pursuant to contract, or is to be held by The Company for
all or anq of said purposes, which it may be, a description of the
minimum consideration to be received therefor, which shall not be
less in value than the fair market value of such Property, accompanied
by a Certificate of an engineer, appraiser, or expert who may be an
Gfficer or employee of The Company as to such value of such Prop-
erty and of the consideration to be revalued therefor;
(4) That the release requested is inddent to a change or modification
in right-of-way or terminals, if each be the case, sad a brie! descrip-
tion of such change or modification, purposes thereof and the results
anticipated thereimm ;
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