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Registered Securities charged with Payment of Debentures, and not applicable for any other Purpose until discharged from Registration.
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14. All the registered Securities for the Time being of the Company shall be charged with the Payment of the Principal Monies and Interest from Time to Time payable upon or in respect of all the Mortgage Debentures of the Company for the Time being issued and outstanding; and no registered Security, until discharged therefrom as herein-after provided, shall be applicable to or available for any other Purpose than the Satisfaction of such Principal Monies and Interest, or be transferred, disposed of, or otherwise dealt with by the Company, unless and until the same shall have been discharged from Registration in the Manner herein-after provided: Provided, nevertheless, that such Registration shall not prevent the Company from receiving, applying, and giving a valid Discharge for any Interest which may from Time to Time be receivable upon or in respect of any such Security, unless where a Receiver shall have been actually appointed under the Provisions of this Act.
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