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that no anthorization is necessary, it shall epeaify and be aooom-
panied by certified copies of anp orders, certiScates or other
docnmenta by which each sach suthorization then reqnired is
evidenced.
_ For the purposes of this ~ 4.01, the amount of the '~pro forma net
earnings of tLe Company svailable for intereat and property retire-
ment appropriations" for any particular period shall be the amonnt
of Net Earnings of the Company Available for Interest and Property
$etirement Appropriations for such period as defined in ~.rticie 1 of ~ ~
the Indentnre, plns :
.
(i) an amonnt eqnal to 63/2 /o of the amount stated pur-
suan~ to paragraph (4) of subdivision (a) of this ~ 4.01 in the
Officers' Certificate in which the amonnt of snch pro forma net ~
earnings of the Companp available for interest and pmperty
retirement appropriations is being stated,
(u) an amonnt eqnal to snch additional amonnt of income
taaes and other taaes imposed on income after the dednetion of _
_ interest charges as wo~ld have been payable by the Company if
the Additional Bonds the anthentication of wluch is applied
for in connection with the eapansion or constrnction program ~
referred to in snch Officers' Certificate and all other secnrities
or borrowinga to be onfistanding immediataly after the issnanee
and sale of snch Additional Bonds had been ontstanding dnr-
ing all of the particniar period specified in such Officers' Cer-
tiScate, and if dnring snch period tLe earnings of the Companp
had been increased to such an egtent that its net earnings, after
_ snch additional tages bnt before interest charges, would have
= been inerea3ed by an amonnt eqnal to the amonnt specified in
clause (i) of this paragraph, the effective rate of any snch
taa being deemed to be the effective rate of snch taz at the
time of the filing of snch application, and
(iii) the estimated amonnt of all appropriations for depre-
ciation, amortization and depletion .to be charged bp the Com- ~
pany on its books, on a straight-line basis, with respect to the
property additions inclnded in the facilities to be eonstrneted
_ _ or aoqnired in snch eapansion or constrnction program dnring
,
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