HomeMy WebLinkAbout1927 . .
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~ principlee) of leas than the annual interest rafs borna by ths Beriea
H bonds. . . ;
-~os S. The Compaay oovenanta and agree~ that ao long as ~
any 8eriea H bonds are ontatandipg hereander it will ia ee~oh of the -
yeara 1965-1988, both inaluaive, not latsr tl~an Msy lat of ~ eaQh ec~ah
~ year, deposit ~vith the Trastee ~s and for s sinldng fand !or 8eriea . ~
' H bonds, moneys anfficient (~vhen inareased by the paymeat of a~o-
araed interest to June ist of snah yesr) to redeem, on such J~ome lst, .
8eries H bonda in sn aggregats principsl amownt eqn~?1 to one per
. oent (196) of the total sggregsts prin~ip~l amount oi Beri~ H bonda
a~henti~ated snd delivered to and inclnding ao~h Jmie 1$t (ezalosive -
o! 8eriea H bonde in e~Lange or in snbstit~ation for ~biah other
{ bonda o! Series H may have been anthentioated or delivered mider the
i prnvisiona of Sections 11,14,15,17 and 18 of the Origin~l Indentare _
~ and $ection ? ot this Eteventh t3upplemental Indentare). The ~tg
gregate princapal amount oi Series H bonds tQ be redeemed in, ang
; ~ . Year aa provided in this psragraph is hereinafter c~lled ~the sink:
; ing fnnd psyment" for enah year. :
~ On eacb saali June lst the Traatee sLall, insofer ae it ahari be -
~ , possible for it eo to do, ezhauat the mone~ps in said sinking fand by
aPP1Y~8 the same to the redemption oi Beries H bonda The redemp-
- tion prioe for $eries H bonds ior the pnrpoees od -the einldng fm~d `
areated by tbia ~eCtion sball be the prinoipal amoant thereof plas
interest a,c~craed thereoa~ to th~e dats $zed for snch redeomption. R
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; Provided, however, tLat in lien oi depoaiting aIl or s part ot a~ah
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' moneya the Company may saiiefy the sin~in8 f~nd PaYment, in ~vhole .
~ or in p~?rt, in any year by depoeiting with the Troatee ~eries H bonds . -
~ theretofore issned and ontstanding here~mdar, aue~h bonda to be ~
. aredited at the principal amount thereof, or, in whole or in part, in ,
. ~?Y Y~, bY eertifying to the Trastee unfwided aet PropertY addi-
tione in an amount equai to the sinking fm~d requirem~enk IInfunded .
, net property additiona eo credited m~?y not thereafter .be made the
' baais for the issuaaoe o! bonde, tLe Wit~hdrawal o~ c~ah or the taldng ~
o! aredit under any provision oi tl?e Indentare.
' ~ The term "Binting Fund Certifiosts for Beries H bonda" as need
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~ - in thia Section and elsewhere in th~e Indentnre a~ll mesa a oerti8cata
F ~l~d by the Company ~vith the Troat+~e purauaat to tbis 8eabion, .
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