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~ollds ~VitLin a reasonable time after the receipt of a request for snCh an
eachange the Company- shall issue and the Trastee shall anthenticate
st the and deliver all bonds required in connection therewith, and the Trnstee
5ht~il shall make snch exchange upon payment to it of snch charge, if any,
~inin~ as is reqniretl by the following paragraph.
dA~ s For any ezchange of fnll~ registered bonds without coupons for
n~:in~; other fu11~T registered bonds without conpons, and, except as herein-
~<riec~
, Sec- after statec~, for anp exchange of fully registered bonds for coupon
bonds, the Con~pany, at its option, may reqtiire the payment of a snm
snfficient to reunbnrse it for any stamp or other tax or governmental
prin- charge reqnired to be paid by the Company or the Trnstee, and in
~7e of addition a fnrther smm ~ot in egcess of the aetnal cost of the prepara-
cl, ol• tion of each new bond issned npon sneL exchange and the ebarges of
~itin~ the Trnstee in connection therewith. The original registered owners to
b~~n~ «hom.the $12,000,000 of Series L bonds shall be initially issned in the
filed form of fully reg?istered bonds withont coupons as provided in Section 7
~ting of this Sixteenth Snpplemental Indentare shall, however, have the priv-
st~ch ilege of ezchanging, withont charge to tLem, for one or more conpon
i n t o bonds any snch fully registered bond so initially issued to them and
~~1~;~' any fnlly registered bond which has become snbstitnted for a portion of
' tiur- snch a fnily reg'istered bond or for several such fnlly registered bonds.
nota-
~,j~~e1• SECrtox 8. Fnlly registered bonds withont conpons of Seriea L
~>>•io~~ shall be nnmbered "R-1" and consecntively upwarda. Coupon bonds
~z~tee of Series L shall be nnmbered "bi-1" and consecntively npwards.
~'t S$crcox 9. IIpon the execntion of this Sixteenth 8upplemental
~ered Indentnre the Company shall ezecute and deli~er to the Trnstee and
s~•it~-, the Trastee shall antbenticate and deliver to the Company or npon
~~'`~f the order of tLe Company bonds of said Series L in the form of
tr,cler registered bonds withont conpons in tbe aggregate principal amount
~eon, of Twelve 14iillion Dollars ($12,000,000) ; snch bonds to be issned
``tl~~' against nnfnnded net property additions as provided in Article IP
of the Original Indenture, as amended.
s L ~
~}1e S$criox 10. The Company agrees that (a) it will at all timea main-
t~, tain, preserve and keep the mort~;aged and pledged property, with the
~~~~t appnrtenances and every part and parcel thereof, in good repair, work-
r~,_ ing order and conditi~n and eqnipped with snitable ecYnipment and
~~.~,~t appliances and in accordance ivith the accepted standards and require-
:e ~~~~ct nients of the Public Service Co~nniission of Florida; (b) npon writtei?
reqaest by holders of at letist 25% in principal amonnt of Series L
b00K ~SO PACE~~~v
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