HomeMy WebLinkAbout0239''-
v
0
_. sic3is.;~~=+~}ir^. ---~yt~~tE~~~~ci~iii~~ - ~•tiisi~ Latii~:.._:•.s~r`m'ta1r:~:: ~ia-+t ~a~taK~at ..
•. •. - ~ ~:s 3L 1~•.Y'a i3.=ai:..a?.i~`a~.s'kc.- .
ebRi~~ . 25'' ~ PACE 239
~T, t!!~!f (''!LINTY. F!~A.
27
theretofore received by the Trustee upon the taking by the ezer-
eise of a power of eminent domain of, or as proceeds of insurance
on, property enbject to the lien of the Indenture, and (ii) at the
applicable optional redemption prices as set :orW above and
accrued interest to the redemption date, by the application of
certain other moneys theretofore received by the Trustee, and
(b) in case the Company shall have failed to complete the second
stage of pipe line development referred to in the Indenture within
the time fined by the Indenture and the Trustee shall have been
requested by the holders of 90y6 in principal amount of the Bund$
of the 1982 Series to effect snob redemption, at the principal
amount thereof and accrued interest to the redemption date by
application of the ttnezpended balance of moneys theretofore re-
ceived by the Trustee but not utilized for the payment of construc-
tion costa of such second stage of pipe line development.
The Bonds of the 1982 Series are entitled to the benefits of the
sinking fund provided in the Indenture and are subject to redemp-
tion on July 1, 1964, and on each January 1 and July 1 thereafter,
through the operation of such sinking fund at the principal amount
thereof together with accrued interest to the redemption date,
upon notice given in the manner provided in the case of redemp-
tion at the option of the Company.
In the e~•ent of the selection for redemption (whether for the
sinking fund or otherwise) of a portion only of the principal of
this Bond, payment of the redemption price will l,e made only (a)
upon presentation of this Bond for notation hereon of such pay-
ment of the portion of the principal of this Boncl so redeemed,
er (b) upon surrender of this Bond in eachan~;e for a Bond or
Bonds of the 1982, Series in either fully registered or coupon
form (but only of authorized denominations) for the unredeemed
balance of the principal of this Bond.
To the extent permitted by, and as provided in, the Indenture,
modifications or alterations of the Indenture, or of any Indenture
supplemental thereto, and of the rights and obligations of the
Company and of the holders of the Bonds and coupons may be
made with the consent of the Company, upon the written consent
of the holciers of not leas than 66~y6 in principal amount of the
Bonds then outstanding, or by an affirmative vote of the holders
of not less than 66~39'o in Principal amount of the Bonds then
outstanding at a meeting of Bondholders called and held as pro-
vided in the Indenture, and, in case one or more of the series of
Bonds then outstanding under the Indenture are affected by such