The instrument's own words
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KNOW ALL MEN BY THESE PRESENTS:
WHEREAS under date of June 1, 1922, the New England Telephone and Telegraph Company (hereinafter called the Telephone Company) a corporation duly organized under the laws of the State of New York, having its principal office in the City of New York, State of New York, and having its principal carrying office in the City of Boston, State of Massachusetts, and having its offices in New Hampshire, at the Manchester in the County of Hillsborough, in Massachusetts, at Boston in the County of Suffolk, and in Rhode Island, at Providence in the County of Providence, executed and delivered an indenture of first trust and first mortgage (hereinafter called the First Mortgage) to the First National Bank of Boston, a banking corporation organized and existing under the laws of the United States of America (hereinafter called the Trustees), having its established place of business in the City of Boston, State of Massachusetts, as trustee for the bonds issued under the First Mortgage the Telephone Company mortgaged and assigned the property therein described as security for the payment of the principal and interest of the bonds and for the payment of the taxes; and
WHEREAS, in and by said First Mortgage the Telephone Company covenanted with said Trustees that the Telephone Company at any and all times would do, execute, acknowledge and deliver all and every such further deed, quitclaim, conveyances, mortgages and transfers and assurances as should be reasonably required for the purpose of perfecting the title of said Trustees to all property thereby conveyed and assigned or intended so to be; and
WHEREAS, the Telephone Company since the date of said First Mortgage has from time to time acquired property both in the State of Rhode Island and elsewhere, by purchase, by provisions of various kinds and descriptions, which it acquired property and interests were by virtue of the provisions of said First Mortgage intended to be a part of the security for the indebtedness therein specified and provided for; and
WHEREAS, the Telephone Company in accordance with the requirements of the above-recited covenants contained in said First Mortgage, and at the express request of said Trustees, executed and delivered to said Trustees under date of May 1, 1926, and February 1, 1936, and February 1, 1941, and confirming said First Mortgage; and
WHEREAS, the Telephone Company has heretofore issued Series A bonds, $15,000,000 in principal amount of its First Mortgage Thirty Year Five Per Cent Bonds, sold Series A maturing June 1, 1952, and $40,000,000 in principal amount of its First Mortgage $1,000 Bonds, Series B maturing May 1, 1961, and $20,000,000 in principal amount of its First Mortgage $1,000 Bonds, Series C maturing February 1, 1961, $20,000,000 all said bonds of Series C being redeemed in accordance with their terms on February 1, 1940; and
WHEREAS, all said bonds of Series A and of Series B are now outstanding, and the Telephone Company now proposes to issue $20,000,000 in principal amount of bonds of a new series to be issued under the First Mortgage, to be known as the First Mortgage $1,000 Bonds, Series D, maturing February 1, 1977, all bonds of Series A, Trustees and Series D being to be issued and paid in accordance with the terms of the First Mortgage and the instruments dated May 1, 1926 and February 1, 1936, and this supplemental instrument which has been based and authorized by the Telephone Company and the Trustees; and
NOW THEREFORE, in further compliance with the provisions of the above recited covenant contained in said First Mortgage, and at the express request of said Trustees, and in consideration of the sum of One Dollar ($1.00) paid by the Trustees to the Telephone Company, the receipt whereof is hereby acknowledged, and further to secure the payment of the principal and interest of the bonds now issued or to be issued under the First Mortgage whether now issued or to be issued thereunder, according to their tenor and effect and the terms of said First Mortgage, the Telephone Company has granted, bargained, sold, demised, conveyed, released, confirmed, assigned, transferred and set over unto the Trustees and to its successors in said trust and its assigns, and there shall remain granted, bargained, sold, demised, conveyed, released, confirmed, assigned, transferred, confirm, assign, transfer and set over unto the Trustees and to its successors in said trust and its assigns, all that certain estate and property of every nature and kind whatsoever and any, all and its interests thereunto, lying and situated in the town of Charlestown, State of Rhode Island, to have and to hold the same together with all the usefulness in the transaction by said Telephone Company of its business in said state and town which the Telephone Company has acquired or may hereafter acquire in said town of Charlestown and now owns together with all rights, privileges and easements of every kind of nature and character whatsoever appertaining thereto, together with all the rents, profits, benefits and advantages to be derived therefrom, except those specifically excepted, both now and hereafter, and all other rights, titles, interests received or had therefore, except stocks, equity bonds), together with all the rights, privileges and easements of every kind of nature and character whatsoever appertaining thereto, and also subject to all other existing liens and existing encumbrances, if any, prior to the lien of said First Mortgage.
TO HAVE AND TO HOLD, all and singular, the property, interests and rights hereby conveyed and assigned, and intended so to be combined, so to be together with, all the singular the reversions, remainders, reversions, income, interests, options, rights and easements of every kind of nature and character whatsoever, or in any way appertaining thereto (hereinafter in these presents sometimes referred to collectively as the property), to the Trustees and to its successors in said trust and its assigns, to be held by said Trustees and behoof forever, BUT IN TRUE NEVERTHELESS for the purposes, upon the trusts, the subject to and under the provisions, conditions and agreements contained in and by the aforesaid First Mortgage, reference to which is hereby made and which is made hereby a part hereof.
PROVIDED, NEVERTHELESS, and these presents are upon the express condition, that if the said Telephone Company shall fully pay the principal and interest of the bonds and shall not by any act or cause to be paid the principal and all of the bonds issued and to be issued under the aforesaid First Mortgage, and set over and assign to the Trustees, and shall not be in default in the payment of any sum, or meaning, or shall provide for the payment of the same by depositing with the said Trustees the sum of money, or shall provide for the payment of the same by depositing with the said Trustees the sum of money, or shall provide for the payment of the same by depositing with the said Trustees the sum of money, or shall provide for the payment of the same by depositing with the said Trustees the sum of money, or shall provide for the payment of the same by depositing with the said Trustees the sum of money, or shall provide for the payment of the same by depositing with the said Trustees the 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