HomeMy WebLinkAbout1814 - -
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and wit6 tha aama e~ect aa ii tha aid psoperty had boen oMnod by tha Cca~-
P~Y at the time of the ~xecution of tbe Mortgaga, and had been p~ec~cany
and at kngth describ~d in and oonv~yed to ~tid 1~ru~ees, by the Mortgage as
a part of tbe properlq ~t sta~ed to be coav~y~e~d.
_ T6e Company inrther oovenants and agrees to and aith the 'hnsteee
and t6eir ~uax~ots in asid trwt nnder die Matgs~a, as tdlo~va:
~ - A~'1'1CI.E L
1bat~to~i1~ SeeiM ~t 1o~ir.
S~acriorr 1. There ahsll be a~ries of bond: ~gnatod "73li 96 Seria
due 2001 henin saaaetimes re~red to ~ tbe "I~renty-fourth Saia",
esch of which ahaU al~o beu tha deaaript~ra titie F'u~t Mortga~e Bond, -
and the form thereof, ~vhich ahaU ba estab}is6ed by Re~olution of t~e Board
af Dira~tora oi the Campuny, a6aD oonttin wibible pro~iona with respect
to the mattera t~et+einafter in thia Soction speciSed. Bonds of t~ Tw~e~nty-
~ fourth Series shalt matuc+e on January 1, 2001, and shall be issued aa fullY i'~8-
~ isteced bonds in denominatiuoa oE Ona T`bouaand Dollsra and, at tbe opt'son
~ ot tbe Company, in any multipie or multipla of One T7au:and DoDats
(tLe exentise af such oQtion to be evidencod by the eaceCUtion aud delive,~?
theroof tbey shaU besr iniereat at tba rat~ o~ sehen aud 5vacig6t~ per cxatum
f 7~ %n ) per annum, payabk semi•annually on Ju1y 1 and Janusry 1 of each
' year; the principal of and intexest on wch said bond to be payable at the a~ce
or ageucy of the Company in tltie Borough of Maahattan, 'Ibe City af New
Yorlc, in auch coin ot c~urr~cy o~ tbo United St~tta of America as at the
time of paymant ia kgal tender for pnblic aad private deb~s. Bonda of tbe
Twrentyfourth Seriea shall be dated as in S~ction 10 of the Mort~ Pi'o-
vlded.
~ (I) Bonda of the 'I~venty#oarth Seria ahall be i+edoemable at~ at
~ che option of the Company or puisuant w the roquic~eanena of d~e Ma~tg,agp
in whole at any tin~e. a in part from time to time, P~ QF~
~ notice, as provided in Section 52 of tbe Mortgage, ma~ed at kaat tlurty (34)
~ days prior to the date fu~od for redemption, at the follo~vin~ g~neral tedemp-
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