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ST. Lt~CtE Ct1ilNT Y. f L l-.
. 28
modification or alteration,II Poinchoal amount ofe ea h series lthen
of not less than 66?i'~s`16 ~ P P
outstanding and so affected, or by an aQ'irmative vote of the hold-
ers of not leas than 6G'`i'~596 in principal amount of the Bonds .of
each series then outstanding and affected by anch modification
or alteration at a meeting of Boudholdera called and held as
aforesaid; provided, however, that, without the consent of the
' holder hereof, no such modification or alteration shall be made
which will affect the terms of payment of the principal of or inter-
est or premium, if any, on this Bond, permit the creation of and
lien equal or prior to the lien of the Iudentnrc, deprive the holder
hereof of the benefit of a lien on the mortgaged p~+pperty, affect the
sinking fond provisions with respect to Bonds of the 1982 Series, •
permit the issuance of additional Bonds on tho basis of Froperty
Additions (as defined in the Indenture) in a principal amount
equal to a greater percentage of Net Bondable Value of Property
Additions (as defined in the Indenture) than the maximum' per-
centage thereof expressed in the Indenture as originally executed,
or reduce the percentage of the holders of the Bonds required for
any such modification or alteration; and provided, further, that
no anch modification or alteration shall be made which will in
effect waive any event of default, as defined in the Indenture,
unless the event of default, as defined in sad at the tune existink
under the Other Indenture herein referred to, as the cause or result
of such event of default ender the Indenture, shall be in eficct
concurrently waived by action pursuant to the provisions con-
tained in such Other Indenture which correspond to the provisions,
in the Indenture, referred to above in this paragraph.
In case an event of default, as defined in the Indenture, shall
occur, the principal of all the Bonds at any anch time outstanding
ender the Indenture may be declared and become due and payable,
upon the conditions, in the manner and with the effect provided in
the Indenture. The Indenture provides that such declaration may
in certain events be rescinded by the holders of not leas than a
majority in principal amount of the Bonde, including a majority in
principal amount of the Bonds of the 1982 Series, outstanding, prc-
vided, however, that any similar declaration at the time in effect
under the Other Indenture herein referred to, shall at the time b~
rescinded pursuant to the corresponding provisions in anch other
Indenture.
The second stage of pipe line development referred to in the
Indenture is part of a project which includes the second stage of
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