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aoquired by the Company after the date hereof (except any herein
or in the Mortgage, as heretofore supplemented, express~y excepted)
ahall be and are sa fully granted and conveyed hereby and as ful~y
embraoed within the Lien of the Mortgag~e, ae if such prnperty, rights
and franchises were now owned by the Company and were specifically
. described herein and oonveyed hereby.
PROVinEn that the following are not and are not intended to be now
or hereafter granted, bargained, sold, released, conveyed, assigned,
transferred, mortgaged, pledged, set over or confirmed hereunder and
are hereby expressly excepted fmm the Lien and operation of this
Thirty-second Supplemental Indenture and frnm the Lien and operation
of the Mortgage, as heretofore supplemented, viz :(1) cash, shares -
of stock, bonds, notes and other obligations and other securities not
he"reafter specifically pledged, paid, deposited, delivered or held under
the biortgage or covenanted so to be; (2) merchandise, equipment,
materials or supplies held for the puriw.ge of sale in the uaual oourse
of business and fuel, oil and similar materials and supplies oonsumable
in the operation of any prnperties of the Company; rolling stock, buses,
motor coaches, automobiles and other vehicles; (3) bills~ notea and
accounts receivable, and all contracts, leases and operating agreements
not specifically pledged under the Mortgage or covenanted so to be;
( 4) the last day of the term of any lease or leasehold which may
~ hereafter become subject to the Lien of the Mortgage; (5) electric
I energ,y, gas, ice, and other materials or products generated, manufac-
tured, produced or purchased by the Company for sale, distribution
{ or use in the ordinary course of its business; all timber, minerala,
mineral rights and royalties; (6) the Company's franchise to be a
corporation; and (7) the properties already sold or in the process
of being sold by the Company and heretofore released from the Mor~
gage and Deed of Trust, dated as of January 1, 1926, from Florida
Power & Light Company to Bankers Trust Company and The Florida
' National Bank of Jacksonville, Trustees, and specifically described in
three separate releases executed by Bankers Trust Company and The
Florida National Bank of Jacksonville, dated July 28, 1343, October
6, 1943 and December 11, 1943, which releases have heretofore been
delivered by the said Trustees to the Company and recorded by the
Company ameng the Public Rec~.ords of all Couaties in which such
propertiea are located; provided, however, that the property and rights
800~245 P~2158
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