such transfer may be made to a party named or to bearer and any regis-
tered owner may surrender the interest warrants or coupons not then due to be
cancelled: And thereupon the interest shall be payable only on the receipt
or written order of the registered owner of the Bond at the time such interest
falls due. And the Bond shall be marked accordingly and shall
not again be transferred so as to become payable to bearer.
     In testimony whereof the said Peninsular Rail Road Company has
caused this Bond to be sealed with its seal and to be subscribed by its Pres-
ident and Secretary this 24 day of May AD 1876
Secretary                                    President

Countersigned and registered by Geo T.M. Davis as Trustee this      day
of         AD 187

No                                      $35.-
       The Peninsular Rail Road Bond
              Interest Warrant
   Treasurer Peninsular Rail Road Company pay to bearer the 1st of
18       Thirty five dollars at the Irving Bank in the City of New York
being six months interest on the Bond Numbered above
Secetary                                                President

Now therefore in order to secure the payment of the principal and interest of
said Bonds and in consideration of One dollar to it paid the said Penin-
sular Rail Road Company the party of the first part herein, has given
bargained, granted, sold, conveyed, confirmed and transferred and
by these presents does give bargain grant sell convey confirm and trans
fer to the said party of the second part and to his successor or successors in the
Trust herein and hereby noted, all and singular the Railroad of the said com-
pany from the town of Waldo to the County of Ocala in the State of Florida, being
in length about Forty four miles constructed or to be constructed, or acquired by
purchase or otherwise together with all rights of way depot grounds railways rails
bridges, station houses and machine shops and all locomotives and rolling
stock appertaining to the said road, now owned possessed and acquired or
hereafter to be owned possessed or acquired together with all and singular
the rights priviledges and corporate property, and franchises of said Railroad
company and all appurtenances to the above described premises belonging 
in any wise appertaining. But nothing herein contained shall be construed
to prevent the said company from selling or otherwise disposing of any lands or
or other property of the company not necessary to be retained for its roads, de-
pots, stations, or rights of way nor required for the construction or convenient use
of its road nor from collecting moneys due the said company on stock sub-
scription or otherwise provided such company shall diligently collect and
faithfully apply all such means to the construction and equipment of such
road.   To Have and Hold the said the said granted premises unto the
said party of the second part and his successor or his successors forever
for the uses and purposes in this indenture expressed that is to say
That if the the interest on any of the Bonds so to be issued shall not
be paid by the party of the first part when the same shall become
due and if such interest shall remain in arrear for six months or in