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and with the same effect as if the said pmperty had been ownod by the Cmrt-
pany at the time of the execution of the Mortgage, and had been spocifically
and at length describcd in and comeyed to said Trustas, by the Mortgage ac
a part of the pmperty thenin statod to ba conve}rod.
The Company further covenants and agc+ees to and with the Ttustees
and their successors iri said trust under the Mortgage, as follows:
AR'IZCI.E I
1r?eaty-~ Series ot Bosdd '
SECTION 1. There shall be a series of bonds desi~nated "7~a 9b Series
due September 1, 2001", herein sometimes referred to as the "Twenty-fifth
Series", each of which shall also beat the descriptive title First Mongage Bond,
a~d-the form thereof, which shall be established by Resolution of the Board
of Directors of the Company, shail contain suitabk provisions with respoct
to the matters hereinafter in this Section specified. Bonds of the 't~iventy-
fifth Series shall mature on September l, 2001, and shall be issued as fuity reg-
istered bonds in denominations of One Thousand Dol[ars and, at the optioa
of the Company, in auy multiple or multiples of C)ne Thousand Dollars
( the exercise of such option to be evidenced by the exccution and delivery
thereof); they shall bear interest at the rate of seven and thr~ee quarters per
centum ( 73?.~ per annum, payable semi-annualiy on March 1 and Septem-
ber 1 of each year; the principal of and interest on each said bond to be
payable at the oflice or agency of the Company in the Borough of Manhattan,
The City of New York, in such coin or cuneacy of the United States of
America as at the time of payment is legal tender for public and private debts.
Bonds of the Twentyfifth Stries shall be dated as in Section 10 of the Mort-
gaRe provided.
- SIZBonds of the Twenty-fifth Series shall be redcemabte either at
the optiof~ of the Company or pursuant to the requirements of the Mortga~ge
in whole at any time, or in part from time to time, prior to maturity, upon
notice, as provided in Section 52 of the Mortgage. maiied at least thirty (30) .
days prior to the date ftxad for rodemption, at thc foliowing genernl redemp-
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