NOTE USED TO PROTECT OVERDRAFTS New York, 19.... On demand for value received,... ... promise to pay to 1 NATIONAL BANK OF FINANCE IN NEW YORK, or order, at the office of said Bank in the City of New York, the sum of Dollars, hereby agreeing that said Bank shall have a lien upon all property of the undersigned and all collaterals pledged by the undersigned, now or hereafter in possession of said Bank, or under its control, as security for any indebtedness of the undersigned now existing or to become due or that may be hereafter contracted, with the right at any time to demand additional security and with the right, in case of failure to comply with such demand for additional security or in case of default in payment, to sell without advertisement or notice to the undersigned, at any broker's board in the City of New York, or at public or private sale in the said City or elsewhere, or to otherwise dispose of the same in the discretion of any of the officers of the said Bank, without notice of amount due or claimed to be due, without advertisement, and without notice of the time or place of sale, each and every of which is hereby expressly waived, applying the proceeds thereof upon the said indebtedness, together with interest and expenses, legal or otherwise, the undersigned to be liable for any deficiency. It is further agreed, that upon any sale by virtue hereof, the holder hereof may purchase the whole or any part of such property discharged from any right of redemption, which is hereby expressly released to the holder hereof, who shall have a claim against the maker hereof for any deficiency arising upon such sale. It is further agreed that any moneys or property at any time in the possession of said Bank belonging to any of the parties liable hereon to said Bank, and any deposits, balance of deposits, or other sums at any time credited by or due from said Bank to any of said parties may at all times at the option of said Bank be held and treated as collateral security for the payment of this note or the indebtedness evidenced hereby whether due or not due, and said Bank may at any time at its option without demand for payment and without notice charge this note to the account of the undersigned with said Bank, or set off the amount due or to become due hereon against any claim of any of said parties against said Bank. 1 Fictitious name. This note, however, is in actual use. $.... COLLATERAL NOTE New York,.... .19 ..after date, for value received the undersigned promises to pay to The National Park Bank of New York, or order, at its banking house in the City of New York,... .. Dollars,... having deposited with said Bank, as collateral security for the payment of this note and of any other liability or liabilities, direct or contingent, due or not due, of the undersigned to the said Bank, or claims of said Bank against the undersigned, whether now existing or hereafter incurred, or acquired by said Bank, the following property, viz.: the undersigned also hereby giving to the said Bank a lien, for the amount of all the aforesaid liabilities and claims upon the title or interest of the undersigned in any other property or securities left with the said Bank for safekeeping or otherwise, or coming to the possession of said Bank in any way, and also upon the balance of any deposit account of the undersigned with the said Bank at any time existing, such deposit balance and other property to be regarded as additional collateral security for such liabilities and claims, with the right to the said Bank in its discretion to resort first to any part of the collateral. In case any of the securities above pledged should decline in market value, the undersigned hereby agrees to deposit with the said Bank, without notice or demand, additional collateral security satisfactory to it; and further agrees that in case of failure to deposit such additional collateral, or in case of the failure of the undersigned to meet at maturity any liability of the undersigned, either to said Bank or to any other party, or upon the declared insolvency or failure in business of, or appointment of a receiver for, or commencement of bankruptcy proceedings by or against the undersigned, or the entry of any judgment against the undersigned, or in case of any such default, insolvency, appointment of receiver, bankruptcy proceedings or judgment by or against any endorser or guarantor of this note, all liabilities of the undersigned to said Bank including this note, shall, at the option of said Bank, without demand of payment thereof, immediately mature and become forthwith due and payable. The undersigned further agrees that upon failure to pay this note at maturity or upon its becoming due in accordance with any of its provisions, said Bank may forthwith proceed to collect and receive and realize upon any deposit balance or any accounts, bills, notes or claims held by it as collateral, and also, without demand, advertisement, notice to redeem or other notice to the undersigned, to sell at public or private sale or at the New York Stock Exchange, or at any other exchange or brokers' board, at such prices as it may deem best, and either for cash or on credit or for future delivery, any or all securities or property of any kind held by it as collateral security for the indebtedness of the undersigned as herein before provided, with the right to said Bank at any such sale, public or private, to purchase the whole or any part of any securities or property so sold, free from any right or equity of redemption in the undersigned, which is hereby expressly waived, applying the net proceeds to the payment of this note and of any other liabilities of the undersigned to said Bank, and accounting for the surplus, if any, to the undersigned, who hereby expressly agrees to remain bound for the payment of any deficiency, with legal interest. The above described property may from time to time, by mutual consent, be exchanged for other property, which shall be held by said Bank subject to all the terms. of this note. Upon any transfer of this note the collateral held therefor at the time of transfer or any part thereof may be delivered to the transferee, who shall thereupon become vested with all the rights and powers above given to said Bank in respect thereto. Due..... 1 1 In consideration of the making, at the request of the undersigned, of the loan evidenced by the within note, upon the terms thereof. which are hereby agreed to by the undersigned, and of the sum of one dollar, the receipt of which is acknowledged, the undersigned (who, if two or more in number, shall be jointly and severally bound) hereby guarantee to the National Park Bank of New York, its successors, endorsees and assigns, the punctual payment of the within note at maturity or whenever it becomes due in accordance with any of the terms thereof, and hereby consent that the securities for said loan may be exchanged or surrendered, from time to time, or the payment of the within note or of any of the liabilities of the maker thereof may be extended or any of the provisions of said note may be modified, without notice to or further assent by the undersigned, who will remain bound hereon, notwithstanding such exchange, sur-render or modification. The undersigned hereby waive demand of payment from the maker of said note, and also waive notice of nonpayment thereof, notice of sale of any of the collateral therefor and all other notices in connection therewith. 1 Indorsed on back of above note. The International Paper Company purposes in future to do such financing as may be necessary for itself and its subsidiary companies through the issue of its direct paper rather than through the paper of its subsidiary companies. The company has effected an arrangement for the registration of its obligation in respect to both classes of such paper, and for the purpose of such registration it has appointed the Bankers' Trust Company, New York City, registrar. The International Paper Company hereby gives notice that all paper issued on and after February 1, 1911, bearing its signature either as maker, endorser, or acceptor, will not be complete and binding on the company unless such obligation has been registered by Bankers' Trust Company, registrar, and such registry noted thereon. Such obligations respectively will bear the following notations: This note is not valid nor is its issue complete unless registered by Bankers' Trust Company, registrar, and such registry noted hereon. sto. Insernasional Super Company premer se pray to the voter of Half at The Chusi Nasional Bank, Iné York Faz International Paper Company Endorsement by International Paper Company not complete unless registered by Bankers' Trust Company, registrar, and such registry noted here on. Acceptance by International Paper Company not complete unless registered by Bankers' Trust Company, registrar, and such registry noted hereon. This method of registration will permit any bank, banker, or trust company to ascertain at any time upon application in writing to Bankers' Trust Company, registrar, New York City, the amount of liabilities of the company, as evidenced by the registrar's record. The Bankers' Trust Company will furnish, upon request, specimen signatures of its officers authorized to sign in its behalf as registrar. The International Paper Company will be pleased to furnish upon request, any further information regarding the above plan of regis tration. 1 From circular of the International Paper Company. ASSIGNMENT OF ACCOUNTS RECEIVABLE BY WAY OF DISCOUNT FOR VALUE RECEIVED, we, the undersigned, have bargained, sold, assigned, transferred and set over and by these presents do sell, assign, transfer and set over unto L. SPIEGELBERG & SONS, their successors and assigns, the claims and accounts more specifically set forth in the statement annexed hereto and made part hereof, which is a copy of the original claims and accounts, assigning, transferring and conveying to the said L. SPIEGELBERG & SONS all our right, title and interest in and to the same and in and to the merchandise, the sale of which created said accounts with full power to reclaim said merchandise as heretofore stated. TO HAVE AND TO HOLD the same unto L. SPIEGELBERG & SONS, their successors and assigns and we hereby constitute and appoint said L. SPIEGELBERG & SONS our true and lawful attorneys irrevocably in our name or otherwise but to their own use and benefit to collect and receive all moneys due or to grow due upon said accounts and to collect, sell, assign, transfer, set over, compromise or discharge the whole or any part of said accounts and to receive, reclaim and without notice to us, dispose of the merchandise, the sale of which created said accounts (in the event that for any reason said merchandise in whole or in part shall come back upon said accounts) and for those purposes do all acts and things necessary or proper in the premises. This assignment is made for due and valuable considerations, having been paid to the undersigned by L. SPIEGELBERG & SONS and also is made in furtherance of an agreement about to be made between the undersigned and L. SPIEGELBERG & SONS and as further collateral security for the payment of any indebtedness arising as a result of said agreement and otherwise. We hereby guarantee payment of said accounts at maturity and hereby represent that the accounts so assigned are just and true and are the result of bona fide sales and that the merchandise, the sale of which created the accounts hereby assigned, belonged to us solely and absolutely and was not in whole or in part consigned to us and that the debtors therein named have agreed to accept the same; that no payment has been made on said accounts; that there are no setoffs or counterclaims thereto and that the terms of credit are as specified and that any and all remittances on said accounts coming direct to us shall be received by us in trust for L. SPIEGELBERG & SONS only and that the identical remittance in whatever form it may be received by us shall be immediately handed over to L. SPIEGELBERG & |