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~ 2.06. Redemption in certain eve+its. The' Bonds of the 1937
Series shall also be redeemable e~ither as a wLole or in part pnranant
to, and at the redemption prices prescribed for redemption of Bonds of
the 1979 aeriea in, ~ 9.07' of the Indentnre, ezoept ~Lat in the case oi
redemptions of Bonds of the 1987 Series where the price so prescribed
is the applicable optional redemption price, snch price shall be the
applicable percentage of principal amonnt as provided in ~ 2.05
hereof.
~ 2.07. (a) 8i~xkixg fu+~d. As a sin~dng fund for the retirement
of Bonds of the 1987 8eries, so long as any Bonds of- the 1987 Series
shall be Outstanding, the Company, in the manner provided in ~rticle 6
of the Indenture, s'uall redeem on Angeist 1, 1970 and on each Febrn-
' ary 1 and Angast l thereafter to and inalndi.ng February 1,1987 (each ~
snch Angnst 1 and Febraary 1 being herein referred to as a"sinking .
fund reden~ption date") Bonds oF the 1937 Series in the aggregate
principal amonnt of $855,000, in each case at the principal amonnt
- thereof together with aceraed interest ta the redemption date.
(b) Optionat sinking fund for Bonds of the 1987' Series. The
Company may, at its option bnt anbject to the proviso contained in
~.2.05 of this drticle 2, on any sinking fund redemption date, redeem,
~ as a part of the sitil~ing fnnd, ~t the principal amonnt thereof together
- wlth acerued interest to snch date, in addition to the prineipal amonnt -
of Bonds of the 1987 Series otherwise_redeemable on snch date for the
sinking fnnd, an additional principal amount of Bonds of the I987
Series eqnal to the principal amonnt thereof otherwise redeemable on
~ snch date for the sinking fund pwcsnant to ~~.o7'(a) of thia drticle a,
a$ said principal amonnt may bave been revised pnrsnant to ~~.08 of
this Article 2. If the Company elects to make snch optional sinking
fund redemption, it shall specify such eleetion in the O~eers' Certifi-
cate filed ~vith the Trnstee pnrsnant to g 6.01 of the Indentnre with
respect to the sin~ng fnnd installment as to which snah optionai aink-
ing fnnd redemption is to be made, sta~ing the principal amonnt of
Bonds of the 1987 Series otherwise redeemable for the sin~dng fund
and also stating the additional principal amonnt of Bonda to be
redeemed in the exercise of snch election. The election of the Com-
pany to make any optional sinking fand redemption, as evidenced by
BOOKIU~ PACE26~5
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