HomeMy WebLinkAbout0869 , ~ ~ ,.,_~~_3.~x
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of Directors of the Company, ahall oo~tain suitabla proviaions with rapect
to tL~ mauesa L~c+eina?ft~r in t6is Section spccified. Boads of tLe 1`rantg-
seoond Se~ies shall matuce on Jun~e 1, 1999, and shall ba isaued m fnU1 ~S~s"'
ter~d bo~rda in deao~ninati4m o~ One Thousan~d Dollars and, at d~e option
~ ~ co,~y, ~n ~y m~e~ ~ m~a~ ~ ~ ~a Dw~
(the exerciee af such option to be evidcnaed by the eaecution aud deliv~.y
tt~eroof); th~y shall bear interest at the rate of eig6t per .ctatum~ E6~ )
per annum, payable semi-annually on December 1 and Jnna 1 c[ e~ch p~ear;
the principal of and interest on each said boad to be payable stt tl~e offive
or agency of tbe Company in the Borw~,gh of Manhattan, Tbe City of I~tow
Yorlc, in such voin or currency of the United 5tstes of America ~ at tlre
' time of payment is legal tender for public and private debts. Bonds af the
Twenty-second Scries s6at16e" dated as in Section 10 af tl~ Mortgaga ptq-
vid~ed. • -
~ (I) Bonds of t~re Tvventy-eocond Scriea shall be redeemable either at tha
option of the Company or pursuant to the requirements of tl~e Mortgage in
whole at any time, or in part from tu~e W timc, prior to maturity, upon notice.
as pmvided in Sectiun 52 of the Mortgag~e, mailed at Ieast thirty (30) days
prior to tl~ date fiaed for rodemption, at the tollowing general redemption
prioes, exPressed in parcentage~ a~ ttre prin~a~al amount of t6e bo~da to be
redoemed:
GBNERAL RSDEMPITON PRICfiS
If rodeemed dming 12 montl~ period eading May 31,
1970...... 109.15% 1980...... lOS.99gb 1990...... 102.8496
1971...... 108.$3 96 1981...... 105.6896 1991:..... 102.53 %
1972...... 108.52% I982...... lOS.3696 1992...... 102.2196
1973...... 108.2096 1983...... 105,05% 1993...... 101.9096
I 974...... 107.89 96 1984. 104.73 96 1994. 101.5 8 96
1975...... 107.5796 1985...... 104.4296 1995:..... 101.27%
1976...... 107.25% 1986...... 104.1096 1996...... 100.9596
1977...... 106.9496 1987...... 103.7996 1997...... 100.64% •
1978...... 106.6296 1988...... 103.4796 1998.. 100.3296
1979...... 106.319'6 1989...... 103.1696 1999...... 100.0096 "
in esch cssa, tog~6er vvith accrued inL~st to the da~e fi~ced foz ~oa:
Prvvidoa, however, that none of the bo~o~ds oi the 'I`wcahr-~eoond Stries ahall
: g~K~78 8b8
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