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Series M twnds any such person shall not have been such officer of the
~P~Y•
Only such of the Series M bonds as shall bear thereon a oerHHcate of
authentication in the form hereinbefore recited, executed by the Trust~ee,
shall be or become valid or obligatory for any purpose or entided to the
benefit of the Indenture, and such cerHficate of the Trustee sh~ll be -
~
conclusive evidence that the Series M bonds so authenticated have been .
- dulv authenticated and delivered.
S~cnox 2. At the optia~? of the Company and upon notice given as
provided in Article IX of the Original Indenture, the bonds of Series M
shall be redeemabk, in whole or in part, at any time, at the principal ~
amount thereof, plus interest accrued thereon to the date fixed for such
redemption, plus a premium equal to tlie applicable percentage of the
principa~ amount theaeof: - - ~
i
€
If redcemed on or before October 31, 1971 ....................................8.50'~ ;
T~ereafber and on or before October 31, 1972 ................................7:50~ " ;
II
Thereafte~r and on or before October 31, 1973
................................5.5056 =
.Thereafter and on or before October 31, 1874 ................................3.50%
T'~?ereafter and on or before October 31, 1975 ................................1.50~
Thereaker and prior to maturity, without premi~mi; all on the conditions
ancl in the manner pro~~ided in the Indenture.
Provided, however, that, prior to October 31, 1875 the Compau~• shall
~t ~ ~~a ~ rea~? ~y ~d ~~t ~ ~ _ s~i~ ~ ~ .
redemption is made in oonneciion with or is a result of any transactioa~ '
which theretofore has been, or is then being, or is ihereafter to be, made in- ?
volving, direcdy or indirecdv, the issuance of securities ar the incurrence of
indebtedness for borrowed money at a aoat fio the CompanY ( c~laila~ed in
aocordance with acoepted financsal principles ) of less than the annual
interest rate borne by the Ser~es M bonds. Anything contained in Article
IX of the Indenture to the contrary notwithstanding, in case the Company
shall elect to redeem Series M bonds, it shall, at least 15 days before the
date upon wluch the notice of nedewption herein provided for is to be
given, notifv the Tnistee in writing of such election and of the aggregate
. r•',
gooK 188 ~E 78?' . ~
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