HomeMy WebLinkAbout0088 20
Thereafter and on or before March 1,1987 1.02g6
Thereafter and on or before March 1,1988 0.77%
Thereafter and on or before March 1,1989 0.51g'o
Thereafter and on or before March 1,1990 0.26%
Thereafter and prior to matarity, witLont preminm;
provided, however, that, prior to March 1, 1973, the Company ahall
not be permitted to redeem any bond pnreuaut to tLia ~tion if anch
redemption ie made in oonneation with or is a resnlt oi anp transaotion
~vhic:h theretofore haa been, or ia then being, or ie thereafter to be,
made involving, directly or indireotly, the issnanoe o! secnrities or
the inanrrenoe of indebtedneaa for: borrowed money at a oost to the
ComPanY (calonlated in aooordsnce with aooepted Suancisl prinaiples)
of lese than the annnal interest rate borne by the $eriea J bonds.
Ssariox 3. The Company oovenants and agrees tha?t so long sa
any $eries J bonda sre ontstanding berennder it will in eaah of tLe
years 1567-1990, both inalusive, not later t1~an Febraarp lst of each
snch year, deposit with the Traetee aa and for a sin]~ing fund for
Series J bonda, moneys st~aient (when increased by the pe?yment of
acxiraed interest to March lst of anch pear) to rede~m, on snah March
lat, seriea J bonds in an aggregate principal amonnt eqnal to one per
cent. (lqro) of the total aggregste principal amount of 8eriee J bonda
aathen~icaf,ed and delivered to and inchtding snch March lst (ezelnsive
of ~eries J bonda in ezcLange or in gnbetitntion for which other
bonda of i~eriea J may have been anthenticated or delivered under the
provisiona of $ections 11, 14, 15, 17 and 18 of the Orig?i.nat Indentnre
and Section 7 of thie Thirteenth ~npplemental Indentnre). The ag-
gregate principal amount of $eriee J bonde to be redeemed in any
_ year sa provided in thiB paragrapL ia hereinafter called "the sinking
fund payment" for anch year.
On each snch Diarch lat the Truetee Bhall, insofar as it ahall be
posaibie for it so to do, ezhanst ~he moneys in eaid sinking fnnd by
applying the same to the redemption of 33eries J bonds. The redemp-
tion price for Seriea J bonds for the pnrpose$ of the ainking fnnd
created bp this 8ection aLalt be the principal amonnt thereof plus
intereat accrned thereon to the date fized for ench redemption.
. BooK 139 85
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