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ZVH~s, tlie issuance by the Company of said Fifteen Million
Dollars ($15,000,000) iii uggregate principal amount of Series P bonds
and tlie egecution and delivery bp its proper o$'icers on its behalf of this
~~r..a~t~ S::N~Ze~ c:_+~~ In~~r±;~re h~~•P heen auth~ri~ed and directed
b3~ resolutions of the Board of Directors of the Company adopted at
ineetings tliereof regularly called and hetd in accordance with the law;
and
`Va~:es, all acts, proceedings and things necessarq to make said
new issue of bonds, when authenticated by the Trustee and issued, the
valid, binding and legal obligations of tl~e Companp secured by the lien
' of the Indenture equall~• and r~t~blr ~ti ith the bonds ~eretofore issued
i thereunder and presently outstanding, and to make tliis Twentieth
Supplemental Indenture a~~alid, binding and leaal instruinent have
i been duly authorized and performed;
~ l~o«~, TH~aEFO~~e, in consideration of tlic premi~es, and of theaccept-
ance and purchase of tlie bonds by t.he holders thereof, and of tlie sum
of One Dollar dul~ paid b3~ tl~e Trustees to the Compan~, and of other
good aud valuable considerations, tlie receipt ~chereof is hereb~T ac-
kno«ledged, and for the ~urpose of securing t}~e due and punetual pay-
ment of the principal of and interest on all bonds issued and to be issued
under and in conformity ~c ith the terms of the Indenture, and for the
purpose of securing the faitLful performance und obser~-ance of all
covenants and conditions set forth in the Indenture, and witbout in any _
way limiting tbe grant of after-acquired property contained in the
Original Indenture, the Company has given, grnnted, bargained, sold,
transferred, assigued, pledged, mortgaged, ~varranted and con~ e3•ed,
and by these presents does gi~ e, grant, bargain, sell, transfer, assign,
plec~ge, mortgage, «arrant and convey unto ~merican \ationAl Bank
aud Trust Company of CLicago, Chicago, Illinois, as Trustee, and to _
Armand D. ~Vl~iteman of Fort Aiyers, County of Lee, Florida, as Co-
Trustee, us in the Indenture pro~ ided, and the respecti~e successor or
successors in the trust thereby created, and to them and their assigns
fore~ er, all the right, title and interest of the Company in and to an3~
and all premises, property, franchises and rights of e~•ery kind and
description, reAl, personal and mized, tan~ible and intangible, acquired
bs tl~e Company since tl~e execution of the Nineteenth Supplemental
Indenture (other than an~ ~~liicl~ since such esecution may have been
released From the lien o£ tl~e Indenture in accordance with ifs terms),
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