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HomeMy WebLinkAbout2698 - ~ Thereafter and prior to matnritg, withont prQminm; all on the conditions and in the manner provided in the Indentnre. On tlie condition~ and in the manner provided in the Indentnre, Series L bonds may become subject to redemption, in whole or ; in part, at any time by the use of moneys deposited with or paid ' to the Trnstee (a) as the proceeds of the sale of propertg, or (b) aa the prceeeds of prnpertp of the Company taken under power of eminent domain or sold to a governmental bod~ pnrsnant to the provisions of any statnte or franchise enabling snch govern- mental body to compel the Company to sell snch property, or (c) as the proceeds of insnrance policies deposited with or paid ' to tLe Trnstee becanse of damage to or destrnction of property ; of the Company, or nnder the provisions of Section 40 (~sin- ~ tenance Provisions) of the Indentnre dated as of Jnlp 1, 1941. Series L bonds so redeemed shall be rede~med at their principal ' amount plns interest accrued to date of redemption, plns, in the refarred to in a above the then a licable reminm c a s e o f t h o s e ) , P P P ~ set forth in the preceding paragraph and, in the case of those referred to in (b) and (c) above, withont preminm. Bonds of this series are entitled to ths benefit of a certain sink- ing fnnd provided for in the Indentnre and ma~ become snbject ~ to redemption for the pnrpose of sneh sinldng fnnd on November 1 of any year at the principal amount thereof plns interest accrned thereon to the date of such redemption, all on the conditions and in the manner provided in the Indentnre. . Notice of any of the aforesaid redemptions, ezcept redemptions for the purposes of a sinking fnnd, shali be pnblished once a week for fonr snccesaive calendar ~veeks in one daily newspaper printed in the Engliah language and pnblished and of general cirenlation in the Borongh of ~fanhattan, City and $tate of New York, and in one snch newspaper published and of general cirenlation in the City of Chicago, State of Illinois, the first snch pnblication to be not more than forty-five (45) days nor less than thirtp (30) days prior to the date fixed for redemption; notice of redemptions for the pnrposes of the sinkin~ fnnd shall be pnbliahed once in each of t~vo snocessive calendar weelts in such newspapers not more than twenty-five (25) davs nor less than fifteen (15) days prior to . a' ' . , d00K ~ . PACF~,V ~ ' ~ _ - _ _ - ~ ~ ~~~;~a,.~~~~~~~~=~__~