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HomeMy WebLinkAbout2203 20 iSeries B bonds, moneya anfficient (~vhen increased by the payment of acorned interest to March 1at of anch year) to redeem, on snch March 1st, Seriea g bonds in an aggregate prineipal a~nonnt equal to one per cenk (1 ~o ) of the t~otal aggregate principal amonnt of iSeriea B bonds anthenticated and delivered to and inclnding anoh March Iet (ezclnsive of i5eries g bonds in eachange or in sabstitntion for whioh other bonds of Seriea B may have been anthenticated or delivered nnder the proviaions of Sections 11, 14, 15, 17 and 18 of the Original Indentnre and Seation 7 of tlus Fonrteenth Snpplemental Indentnre). The ag- gregate principal amonnt of 1Series B bonds to be redeemed in any - y~r ss provided in this paragraph is hereinafter called `~the einking fund payment" for snch year. ; On each such March 1st the Trustee ahall, insofar as it shall be ~ possible for it so to do, eghanst the moneys in said sinking fnnd by a applying the same to the redemption of Series B bonds. The redemp- ~ tion price for Series S bonds for the pnrposes of the sinhing fnnd ' ; careated by thia $ection ahall be the principal amonnt the~eof plns ; interest aceraed thereon to the date fixed for sneh redemption. ~ Provided, however, that in lieu of depositing all or a part of such moneys the Company may satisfy the sinking fnnd p~yment, in whole i or in part, in any year by depositing with the Trustee Series g bonds theretofore iasued and antstanding hereunder, such bonds to be credited . at the principal amonnt thereof, or, ur whole or in part, in any year, , by certifying to the Trastee nnfnnded net praperty additions in au amonnt eqnal to the sin~ng fnnd requirement~ IInfnnded net property additions so credited map not there&fter be made the basis for the issuance o# bonds, the withdravval o~ cash or the taking of oredit nnder any provision of the Indentnre. The term Sinking Fnnd Certi.ficate for Series K bonds" as used ~ ~ in this Section and elsewhere in the Indentnre shall mean a certificate ~ filed by the Campany with the Trnetee pnrsnant to t~is Section, ; signed by the President or a Vice President of the Company and a ,-;.=~°e~1fi .P c~2199 +!-1 ,.Z.,. _ { ~ i . • _ ~tk~.,.i.;eyr:.++x ~ . . " ' . . _ . . . . . . CN" 5" _ _ . . ~ FY!1.~ - v . .~~u ~ ~ ~ ~ ~ . .