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and at lengtL descn'bod in and oonveyed to said Tn~stees, by the Mortgage as
a part of the property thercin stated to be conveyed.
The C4mpany further covenants and agrees to and with the 1'rustees
and their successors in said tcust under the Mortgage, as follows:
ARTICLE L ~
FSgLteent6 Series of Bonds. .
SECTION 1. There shall be a series of bonds designated "6% Series
due 1996", herein sometimes referred to as the "Eighteenth Series", each
of which shall also bear the descriptive title First Mortgage Bond, aad the
form thereof, which shall be established by Resolution of the Board of
Directors of the Company, shall contain suitable provisions with respect
to the matters hereinafter in this Sec6on specified. Bonds of the Eighteenth
Series shall mature on December 1, 1996, and shall be issued as fullY
registered twnds in denominations of One Thousand Dollars and, at the
; option of the Company, in any muttiple or multiples of One Thousand
( Dollars (the exercise of such option to be evidenced by the execudon and
' delivery thereof they shall bear interest at the rate of six per centum
~ (6% ) per annum, payable semi-annually on June 1 and December 1 of
each year; the principal of and interest on each said bond to be payable at the
office or agency of the Company in ths Borough of Manhattan, The City of
New York, in such coin or curnency of the United States of America as at
~ the time of payment is legal tender for public and private c;ebts. Bonds
of the Eighteenth Series shall be dated as in Section 10 of the Mortgage
provided.
(n Bonds of the Eighteenth Series shall be re~mable either at the
~ option of the Company or puisuant to the requirements of the Mortgage in
{ whole at any time, or in part from time to time, prior to maturity, upon notice,
~ as provided in Section 52 of the Mortgage, mailed at least thirt~r (30) days
prior to the date Sxed for redemption, at the following general redemption
prices, expres..`ed in percentages of the principal amount of the bonds to be
redeemed.
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