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(I) Bc~etis of tha Ninttant4 Series ahail be redoemable eithor at ths
option of t~ Company or pursuant w the roquirements cf tl~a Mortg~ in
whok at any time, or in part from time to time, prior to mahuity, upcm notice,
as provided in Section 52 af ffie I~octg,a8e, mmlod at Ieast tiur~y (30) day~
prior to the date fixed for redemptioa, at the following general red~emption
prices, expres~al in p~rcentages of the principat amaunt of the bon~ds to be
t+odeeaied. -
~ GENE1tAI, RBniBMPTION PRICES
~ If redeemed d~rring 12 montlu period m~ding Noven?bet 3+0,
1968...... 108.OS96 I9'18...... IOS.Z796 19EE...... 102.50%
1969...... 107.7796 19T9..... _ 105.009~ 1989...... 102.2296
1970...... 107.4996 1980_. 104.7296 1990...... 101.9596
1971._.... 107.2296 1951_..... 104.44%' 199l....... 101.6796
1972.__... 106.9d% 2982...... 104.1696 1992...... l01.3g96
1973...... 106.6696 1983_..... 103.899~ l993..._.. 101.119b
29'~I4.___.. 106.38~'0 1984..._..- 103.6196 1994...... 109.8496 : ~
1973...... 106.2196 l98S._.... 103.339b 1995...... 100.5696 _
1976...... 105.839~ 1986...... 103 06% 1996._..._ 100.28% ~
l977...... lOS.SS~ 1987...... 1Q2.78~Xr 199"/...... 100.009i6
i wch case, toget~er w?ith aocxued inEerest w t~ clste fnt~ed fer rede.a~pti~om.
Pt'uvided, howev+er, that none o~ t6e bonds of tha Nineta~th Sa~s shall be
Podoe,med prior to Deoember 1, 1972, ~ such rodanption is Ear the purpo~e,
or in anticipation, of refunding such bond of the Ninetea~th $eries tbc~ouah
thc use, airacfly os ina;roctly, of fu~da tw~wed by th~ comp~n~r ~t n+ effe~
tive iatere~ oost W the Ca~o~panY (ca~culstod in sooo~+dance with aocaptabla
fmancial prac~icxs) of less tban 6.7396 pa amrum. _
(II) Bonds of the Ninetcenth Seriea shafl also be rodeemabk in whole at
anY tim~, or it~ patt from time to time, priot to matnrity, npon Iilce nodo~, by
tbe appTcation- (either at the option of the Compazry or p~u~soant to ~e
reqnire~uuea~s of the Mc~rtgage) af cash deliver+ed to or depoeited with tLe
Corporate 'IYostee pvrsaant to tlie p=o~risio~ns o~ Sbcdon 39 or Sxtion 64 of
the Mortgage or vvith Procxeds af Releasod Property, at the following speciai
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