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and upon the terme and oonditions atated in the Indentnre, and tlie
Trastee herein named is named as pledgee and mortgagee for the bene-
fit of itself and of the holder8 and owners of Bonda issned hereunder,
and the Traatee is hereby irrevocably appointed agent of the owners
and holder+a of Said Bonds issned herennder and is vested with fnll
powers to e$ect and enforce the pledge and mortgage hereby created.
Whenever sach action is otherwise permitted or anthorised nnder tlie
~ terms of the Indentnre, the Truatee hereby consents that the Company
may cerry or transport any movable pmperty snbject to the Lien
hereof permanently beyond the tsrritorial limita of any state in which
P~PB~Y ~Y be located at the time.
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