THE CALIFORNIA GOLD DUST CO. FIRST MORTGAGE No. 54 GOLD COUPON BOND

KNOW ALL MEN BY THESE PRESENTS, That The California Gold Dust Company, a corporation organized and existing under the laws of the State of Delaware, is indebted, and for value received promises to pay, to the bearer hereof, or to the registered holder of this bond, if the same be registered, the sum of Two Hundred and Fifty Dollars ($250) in gold coin of the United States of the present standard of weight and fineness, on the 1st day of March, 1913, at the office of the said Company, in the City of Dover, Delaware, with interest at the rate of six per cent per annum, payable semi-annually at said office, in like gold coin, on the first days of September and March in each year, upon surrender of the annexed coupons therefore as they severally mature.

Both the principal and interest of this bond are payable without deduction for any United States, State, municipal or other tax or taxes which said The California Gold Dust Company may be required to pay or deduct therefrom under or by reason of any present or future law, the said Company hereby agreeing to pay such tax or taxes.

This bond is one of a series of coupon and registered bonds of The California Gold Dust Company, bearing interest at the rate of six per cent per annum, issued or to be issued in pursuance of and subject to the terms of the Mortgage or Deed of Trust hereinafter referred to, but so that the aggregate amount of said bonds, both coupon and registered, shall not exceed the total sum of $25,000. All of said bonds are equally secured by a mortgage or deed of trust, dated March 1, 1911, executed by The California Gold Dust Company to James Howard of the City of Dover, Delaware, as trustee, conveying the property and franchises of The California Gold Dust Company mentioned in said mortgage or deed of trust, to which reference is hereby made for a description of the property and franchises mortgaged and the nature and extent of the security, and the rights of the holders of said bonds under the same, and the terms and conditions upon which said bonds are issued and secured.

This bond may be registered, in the name of the owner, on the books of the company, such registration to be endorsed hereon, and thereafter no transfer shall be valid unless made on the books of the Company by the registered owner and similarly endorsed hereon, but said bond may again be made payable to bearer by like transfer, and thereafter pass by delivery until again registered. Notwithstanding such registration the coupons hereon shall remain and be negotiable by delivery and payable to bearer on presentation.

This bond shall not become obligatory for any purpose until it shall have been authenticated by the certificate, hereon endorsed, of the trustee under said mortgage or deed of trust.

IN WITNESS WHEREOF, The California Gold Dust Mining Company has caused these presents to be signed by its President, and its corporate seal to be hereunto affixed, and to be attested by its Secretary, and coupons for said interest, with the engraved signature of its Treasurer to be attached hereto, this 1st day of March, 1911.

The California Gold Dust Co.,

By JOHN DOE, (Seal) President.

Attest:

RICHARD DOE, Secretary.