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principal hereof becomes due, and at the rate of 6q6 per annum
on any overdue principal and (to the eztent legally enforceable)
on any overdue installment of interest. Both principal of and in-
tereat and premium, if any, on this Bond are payable at the agency
of the Company for that purpose in the Borough of Manhattan,
The City of New York.
This Bond is one of a duly authorized issue of Bonds of the
Company (herein called the "Bonds") of the series hereinafter -
speci6eci, all issued and to be issued under and equally secured by
a DSortgage and Deed of Trust (herein, as the same has been and
may hereafter be amended and supplemented, called the "Inden-
ture"), dated. as of January 1, 199, ezecuted by the Company to
Bankers Trust Company (herein called the "Trustee") and The
Barnett National Bank of Jacksonville, Trustees, to which ~iort-
gaae and Deed of Trust and all indentures supplemental thereto
reference is hereby made for a dbscription of the properties mort-
gaged and pledged, the nature and eztent of the security, the rights
and limitations of rights of the bearers or registered owners of
the Bonds and the rights, duties and immunities of said Trustees
in respect thereof, and the terms and conditions ngon which the
Bonds are, and are to be, secured. The Bonds may be issued in
aeries, for various principal sums, may mature at different times,
may bear interest at different rates and may otherwise vary as in
the Indenture provided. This Bond is one of a series designated
as the "First ~!~rtgage Pipe Line Bonds, 5~49'o Series due Jan-
uary 1, 1982" (herein called the '`Bonds of the 1982 Series") of
the Company, issued ender and secured by the Indenture, and
limited to $10,500,OD0 aggregate principal amount.
The Bonds of the 1982 Series are subject to redemption at any
time or from time to time prior to maturity, at ~ ent of thef p he
Company, either as a whole or in part, upon paym
centagea of the principal amount thereof set forth below ender the
heading "Optional Redemption Prices", together with accrued
interest to the redemption date, upon notice given by publication
once in each of two separate calendar weeks in a newspaper
printed in the English language and customarily published at
least once a day for at least Sve business days each week and of
general circulation in the Borough of Manhattan, The City of
New York (the Srat of such publications to be not more rovided
and not leas than 30 days before the redemption date) ; p
however, that (i) ezcept ea permitted by the Indenture in the case
of the tademption of Bonds by application of certain moneys held
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