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and with the same effect as if the said property had been owned by the Com- •
pany at the time of the execution of the Mortgage, and had been specifically
- and at length described in and conveyed to said Trustees, by the Mortgage aS
a part of the pmperty therein stated to be conveyed.
Thc Company further covenants and agr+ees to and with the Trustas
and their successors in said trust under the Mortgage. as follows: '
AR'I~CI.E I
1~enty-1~lY Series of Boad~
SECTION 1. There shall be a series of bonds desiRnated "7~s 9b Series
due September 1, 2001", herein sometimes referred to as the "Twenty-fifth
Series", each of which shali also bear the descriptive title First Mortgage Bond,
and the form thereof, which shall be established by Resolution of the Board
of Directors of the Company, shall contai» suitabk provisions with respoct
to the matters hereinafter in this Section speci6ed. Bonds of th 'iriventy-
fifth Series shall mature on September 1, 2001, and shall bc issued ~ully reg-
istered bonds in denominations of One Thousand Dollars and, at the option
of thc Company. in any multiple or multiples of One Thousand Dollars
(the exercise of such option to be evidenced by the eaecution and delivery
' thereof they shall bear interest at the rate of seven and three quarters per
centum (~3/, °!o ) per annum, payable semi-annuaUy on March l and Septem-
ber 1 of each year; the principal of and interest on each said bond to be
payable at the office or agency of the Company in the Borough of Manhattan,
The Ciry of New York, in such coin or curnency of the United States of
America as at the time of payment is legal tender for public and private debts.
Bonds of the Twentyfifth Series shall be dated as in Section 10 of the Mort-
~tage provided.
(I) Bonds of the Twenty-fifth Series shall be redcemable either at
the option of the Company or pucauant to the requinments of the Mortgage
in whole at any time, or in part frum time to time, prior to maturity, upon
notice, as provided in Section 52 of the Mortgage, mailed at leaat thirty (30)
days prior to the date fixed for rtdemption, at the following general redemp-
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