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tion prices, expressed in percentages of the principal amount of the bonds
to be redeemed:
GENERAL REDEMPTION PRICBS
If redeemed during the 12 month period ending May 31,
1973 109.11% 1983 105.97% 1993........ 102.83%
1974 _ 108.80% 1984 . _ . 105.66% 1994 _ . . . . 102.52%
1975. . 108.48% 1985.. 105.34% 1995. 102.20% .
1976. 108.17% 1986 105.03% 1996 101.89% ~
~ 1977. _ 107.86~'0 1987..... 104.72% 1997. . 101.58%
- 1978.. 107.54% 1988 . 104.40% 1998.. 101.26%
1979 _ . 107.23% 1989 _ 104.099'0 1999. . . . . . 100.95% .
19$0_ lOb.91% 1940_ . 103.7~% 2000.. I00.63%
1981 . 106.60% t1991.._ 103.46% Z001 I00.32%
1982 106.29% 1992 103.15% 2002_ 100.00%
_ in each case, together with accrued interest to the date fued for redemption;
provided, however, that none of the bonds of the TweQty-s'vcth Series shall be
redeemed prior to June 1, 1977, if such redemption is for the purpose, or in
anticipation, of refunding such bond of the Twenty-sixth Series through the
use, directiy or indinectly, of funds borrowed by ihe Company at an effective
interest cost to the Company (calculated in accordance with acceptable finan-
cia! practiccs) of less than 7.5587% per annum.
(II) Bonds of the Twenty-sixth Series shall also Ue redeemable in
whole at any time, or in part from time to time, prior to maturity, upon like
notice, by the application (either at the option of the Company or pursuant
to the requirements of the MoRgage) of cash delivered to or deposited with
the Corporate Trustee pursuant to the provisions of Section 39 or Section 64
of the Mortgage or with Proceeds of Released Property, at the following
special redemption prices. expressed in percentages of the principal amount
of the bonds to be redeemed:
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