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gregate principal amount of registered bonds then held by snch
initial holder conaerned bearg to the aggregate principal amonnt ~
of bonds then outstanding, and the amount so apportioned for
redemption of bonds not reg'istered in the name of any of the said
initial holders shall be applied to tLe redemption of snch of said
bonda as are selected by lot in anp manner deemed proper by ti~e
Trastee; and
i
(iii) in cases not coverec3 by the foregoing provisions the
twnds to be redeemed shall be selected by lot by the Trastee in
any manner deemed by it proper.
The Trastee shall within 10 days after snch designation or selection
~ notify the Company in writing of the numbers and principal amonnts
of the bonda so deaignated or selected by ik
8$vriox 3. The Company covenants and ag?rees that so long as
any Series L b~nds are ontstanding herennder it will in each of tbe
years [1970-1999] both inelnsive, not later than October lst of each
- sneh year, deposit with tLe Trnstee as and for a sin~ing fnnd for '
Series L bonds, moaeys snfficient (when increased by the payment of
accrned intereat to November 1st of snch year) to redeem, on snch Na
vember lst, Series L Iwnds in an aggregate principal amonnt eqnal to
one per cent (1%) of the total aggregate principal amonnt of Series L
bonds anthenticated and delivered to and inclnding snch November lst
(egc3lnsive of ileries L bonds in ezchange or in snbstitntion for which
other bonds~of Series L may have been anthenticated or delivered under
~ the provisiona of Sections 11, 1~„ 15, 17 and 18 of the Original Inden-
tnre and Section 7 of this Sigteenth iSnpplemental Indentnre). The ag
gregate principal amonnt of Series L bonds to be redeemed in any
. year as provided in tlus paragraph is hereinafter called "the ainkin
S
f~nd payment" for snch year.
On each sneh November lst the Trastee shall, insofar as it ahall be
possible for it so to do, exhanst the moneya in said sinking fnnd by
applying the same to the redemption of Seriea. L bonds. The redemp-
tion price for Series L bonds for tbe purposes of the sin~ng fund •
created bp this Section shall be the principal amonnt thereof plna ,
interest accrned thereon to the date fized for snch redemption.
-The term "Sinking Fnnd Certifieate for Seriea L bonds" as nsed
in this Section and elsewhere in the Indentnre shall mean a certificate
~led by the Company with the Trastee pnrsnant to thia $ection,
signed by the Preaident or a Pce Preaident of the Company and a
g~K~SO pAtE2~~
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