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ARTICLE I.
5c~enteentl~ Series of Bonds.
SECTION 1. There shall be a series of bonds designated "5% Series
due December 1, 1995", herein sometirnes referred ta as the "Seventeenth
Series", each of which shall also bear the descriptive titIe First Mortgage
Bond, and the form thereof, which shall be established by ResoluYion of the
Boazd of D'uectors of the Company, shall contain suitable provisions with
respect to the matters hereinafter in this Section specified. Bonds of the
Seventeenth Series shall mature on December 1, 1995, and shall be issued as
fully registered bonds in denaminations of One Thousand Dollars and, at the
oprion of the Company, in any multiple or multiples of One 'Y'h~usand
Dollars (the exercise of such option to be evidenced by the execation and
deliver~+ thereof) ; they shall bear interest at the rate of five per centum (5% )
per annum, payable semi-annually an June 1 and December 1 of each year;
the principal of and interest on ea;,h said bond to be payable at the office or
agency of the Cornpany in the Boraugh of Manhattan, T'he City of New York,
in sueh coin or cunency of the tJnite~d ~zates of America as at the time of
payment is legal tender for public and private debts. Bonds af the Seventeenth
Series shall be dated as in Section 10 of the Mortgage provided.
~I) Bonds of the Seventeenth Series shall be redeemable either at the
option of the Company or pursuant to the requirements of t19e Mortgage in
whole at any time, or in part from time to time, prior tn maturity, upon notice,
as provided in Section 52 af the MortQage, mailed at least thirty (30) days
prior to the date fixed for redemption, at the following general redernption
prices, expre~sed in perc~nta~res of the princioal amount of th~ bonds to be
redecmed:
; ~c~~~~~~ 53$
.