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(1) in the case of application of cash depasited with the Cor-
. porate Trustee pursuant to the provisions of Sectian 2 hereof, if the
date fixed for such redemption shall be on or after January 1 of the
calendar year in which such delivery of cash shall become due, or
( 2) in the case of redemption by the application of cash deposited
with the Corporate Trustee pursuant to the provisions of Section 39 or
Section 64 c~f che Mortgage or with the Proceeds of Released Property,
tliey shall be redeemable at the following special redemption prices, expressed
in perc~ntages of the principal amc~unt of the bonds to be redeemed:
SPECIr1L REDEMPTION PRICES
If redeemed during 12 months period ending November 30,
1966........ 102.36% 197b...._.. 101.91;'yo 1986........ 101.18%
1967........ 102.33% 1977._...._. 101.85% 1987........ i01.09~io
1968........ 102.29~10 1978........ 1Q1.79% 19$8........ 100.99~'0
1969........ 102.25% 1979........ 101.73~1c 1989........ 100.89%
1970........ 102.21% 1980........ 101.6b% 1990........ 100.78%
1971........ 102.16r1o 1981........ 101.59% 1991........ 100.66%
1972........ 102.12% 1982....... lU1.S2% 1992........ 100.54%
1973........ 102.07C'o 1983........ 101.44% 1993........ 100.42%
1974........ 10~.02"'0 1984........ 101.36% 1994........ 100.29%
1975........ 101.97% 1985........ 101.27%a 1995........ 100.00%
in each case, together with acerued interest to the date fixed for red$mption.
(III) At the option of the registered ar~~ner, any honds of the Seventeenth
Series, upnn surrender thereof, far canceltation, at the office or a~ency af the
Compa:~y in the Borough of Manhattan, The City of New York, together with
a written instrument of transfer wherever required by the Company dul~
executed by the registered owner or by his duly authorized attorney, shall
(subject to the provisians of Section 12 of the Mortgag~) be exchangeable
~ for a like aggregate principal an-~r~unt of bunds of the same series of other
authorized denomirations.
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