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GEIVERAL REDEb4PTION PRICES
If redeemed during 12 months ~eriod ending November 30,
1966........ 107.36% 1976........ 104.83% 1986........ 102.29%
1967'........ 107.11% 1977........ 104._57% 19$7........ 102.03%
1968........ 106.86% 197$........ 104.32% 1988........ 101.78°l0
1969........ 106.60% 1979........ 104.06% 1989........ 101.53 %a
1970........ 106.35% 1980....... 103.$1% 1990........ 101.27%
1971........ 105.09% 1981........ 103.56°.~0 1991........ 101.02%
1972........ 105.84% 1982........ 103.30% 1992........ 100.77%
1973........ 105.59% 19$3....... 103.05% 1993........ 100.51%
1974........ 105.33% 19$4........ 102.80% 1994........ lOQ.29%
1975........ 105.08% 1985........ 102.54% 1995........ 100.00%
in each case, toge2her with ~ccrued interest to the date fixed for redemption;
pro~~ided, ho~vever, that none of the bonds of the Seventeenth Series shall be
redeemed prior to ~ecember 1, 1970, if such redemption is for the purgose,
or in anticipation, of refunding such bend of the Seventeenth Series through
the use, directly or indirectly, of funds borrowed by the Company at an effec-
tive interest cost to the Com~any (calculated in accordane~ with acceptable
financial practices) of less than 4.88% per annum.
(II) Bonds of the Seventeenth Series shall also be redeemable in whole at
any time, or in part from time to time, prior to maturity, upon like nodce, by
the application (either at the option of the Company or pursuant to the
requirements of the Mortgage) of cash delivered to or deposited with the
Corporate Trustee pursuant to the provisions of Section 39 or Section 64 of
the Mort~age or of Section 2 hereof or with Proceeds of Released Property;
provided, however, that in the case of application of cash delivered to the
Gorporate Trustee pursuant to the pravisions of Section 2 hereof, if th~ date
fixed for such redemption shall be prior to 7anuary 1 of the calendar year in
which such delivery of cash s~ali become due under the provisi~ins of Section 2
hereof, they shall be redeemable at the general r~demptian prices set forth
in subdivision (I) af this Section, tugether with accrued interest to the date
fixed for redemption; and provided further, that
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