cause the towns of Fernandina and Cedar Key to be more
fully laid out according to the plans now adopted or which they
may hereafter adopt, for the said towns and their ex
tensions, and suitable lists or schedules of the said lots to
be made and furnished to the said parties of the second
part, and will immediately proceed concurrently with the said
parties of the second part or their agent to affix a value
for each of the said lots, pieces or parcels of land according
to its actual and true value as near as may be, and will fur-
nish to the said parties of the second part list of such values
and does further covenant and agree that the said par-
ties of the second part may at once proceed to sell all or
any of the lots, pieces or parcels of land, at the prices in the
said list or schedule named, whether any portion of the
interest or principal of the above mentioned bonds shall remain in
arrear and unpaid or not
  And the said parties of the second part on their part
do covenant and agree for themselves and successors that
they will receive all such sums of money as may from time
to time be paid to them on account of this conveyance and the
matters and things therein contained, and will safely and
securely invest the same according to the true intents and
purposes of this deed.
                ies
And the said part^of the first part, do on their part
further covenant and agree that the said parties of the
second part, shall only be answerable under this deed for
gross and wilful negligence and breach of trust, and that
each shall be answerable only for such sums of money as
shall actually come into his hands, and that neither shall
answerable for the act of the other, and it is further covenan
ted and agreed that in the event of the death of either of the par-
ties hereto of the second part, the survivor shall act as sole trus-
tee unless the said party of the first part shall desire to name
a new trustee to act conjointly with such survivor, in
which event they shall be at liberty to do so, and the person so
named shall be entrusted with the same powers rights and
priviledges, and shall be liable to perform the same duties
as if originally named herein, unless the person so nominated
shall be objected to by the holders of at least one third of
the outstanding bonds within six months from the time of
such nomination, but in the event of any such ob-
jection the said party of the first part shall be at
liberty to nominate a third trustee in the place of the
one objected to, subject always to the same right of ob-
jection on the part of the bond holders; and it is fur-
ther covenanted and agreed by and between the par-
ties hereto, that in the event of any failures or defaults
on the part of the parties of the first part by reason
whereof the said parties of the second part or either
of them shall be subjected to any extraordinary trouble
labour or expenses, they shall be entitled to a fair and
reasonable compensation for such extraordinary
trouble labour and expenses, And the said parties