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pipe line development referred to in a Mortgage and Dced of Trust,
dated as of January 1,1959, as amended and supplemented (herein
called the "Other Indenture"), executed by Coastal Transmission
Corporation, a Delaware corporation (herein called the "Other
Company "), to Bankers Trust Company , Trustee, providing for
the issue and securing of bonds of the Other Company.
This Bond is transferable by the registered owner Lereof, iu
person or by duly authorized attoriicy, at the agency of the Com-
pany for that purpose in the Borough of lfanhattau, The City of
I~'ew fork, ou books of the Company to be kept for that purpose
at said agency, upon surrender and cancellation of this Bond and
on presentation of a duly executed written instrument of transfer,
and thereupon a now registered Bond or Bonds without coupons
of the same series, of the save aggre~,ute principal amount and iu
authorized denominations, will be issued to the transferee or
transferees in exchange herefor. This Bond, with or without others
of like form and series, may in like manner be exchanged for one
or more new registered Bonds of the same series of other author-
ized denominations but of the same aggregate principal amount.
The Company, said Trustees, any paying anent, and any regis-
trar may deem and treat the person in whose name this Bond is
registered as the absolute owner hereof for the purpose of receiving
payment of or on account of the principal hereof and interest and
premium, if any, duo hereon, and for all ether purposes, and neither
the Company, the Trustees, any paying agent nor any registrar
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. Any transfer or exchange of this Bond shall be
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
any predecessor or successor corporation, as such, either directly
or through the Compat-y or any such predecessor or anecessor cor-
poration, whether by virtue of any constitution, statute or role of
law, or by the enforcement of any assessment or penalty or other-