HomeMy WebLinkAbout0234~~~~ ~5 PAC~~~4 _
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This Bond is transferable by delivery ezoept while registered
} as to principal. This Bond may, from time to time, be registered
. as to principal in the name of the holder at the agency of the
Company for that purpose in the Borough of Manhattan, The City
of New York, on books of the Company to be kept for that purpose
at said agency, and such registration shall be noted hereon, after
which no transfer hereof shall be valid unless made on said books
by the registered owner hereof in person or by duly authorized
attorney and similarly noted hereon, but this Bond may be dis-
charged from registration by being in like manner transferred to
bearer, and thereupon transferability by delivery shall be restored;
provided that this Bond may again, from time to time, be regis-
tered or discharged from registration in the same manner. Such ,
registration, however, shall not affect the negotiability of the
coupons hereto appertaining, which shall always be payer ble to
bearer and transferable by delivery, and payment to the bearer
thereof shall folly discharge the Company in respect of the interest
therein mentioned, whether or not this Bond at the time be regis-
tered.
The Company, said Trustees, any paying agent, and any regis-
trar may deem and treat the bearer of this Bond, or, if this Bond
is registered as to principal as herein authorized, the person in
whose name this Bond is registered, and the bearer of any interest
coupon appurtenant bereto whether or not this Bond shall be regis-
tered as to principal, as the absolute owner of this Bond or such
coupon, as the case maybe (whether or not this Bond or such
coupon shall be overdue j, for the purpose of receiving payment
thereof or on account thereof and for all other purposes, and
neither the Company, the Trustees, any paying agent nor any reg-
istrar shall be affected by any notice to the contrary.
The coupon Bonds of the 1982 Series and the registered Bonds
without coupons of the 1982 Series are interchangeable upon
presentation thereof for the purpose at the above mentioned
agency of the Company and upon payment of charges and subject
to the terms and conditions set forth in the Indenture.
No recourse shall be had for the payment of the principal of,
or the interest or premium, if any, on, this Bond, or for any claim
based hereon or on the Indenture or any indenture supplemental
thereto, against any incorporator, or against any stockholder,
director or officer, past, present or future, of the Company, or of
I any predecessor or sncxesBOr corporation, as such, either directly
or through the Company or any such predecessor or successor
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