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SECTIO\ 3. The Compan3~ covenants and ugrees that so long as
any Series O bonds are outstanding hereunder it will in each of the
3•eurs 1973-Z001 both inclusive, as uncl for fl siuking fund for Series O
Uo~ids, call for reclemptioii on llecember 1, of e~ch sucL year Series O ;t -
bouds in an aggregate principal amount. equtil to oue per cent (l~o) of
the total aggregnte principal amoui~t of Series U Uouds authenticated
and deli~ered to ~ncl ii~cluding such December 1(e~clusive of Series O
bonds in eachange ar in substitution for ahich other bonds of Seriea O
map have been authenticated or delivered under the provisions of
Sections 11, 1~, 15, 17 and 18 of the Original Indentnre and Section 5 ~
of this I~Tineteenth Suplemental Indenture). The aggregate principal
amount of Series O bonds to be redeemed in anp year as provided
in thia paragraph is hereinafter called "the sinking fnnd payment" ~
for snch year.
On or before each such December 1 the Company shall deposit ~
~ith the Trustee in immediately available fuads the moneys suffieient -
to c~rry ont the sinking fund redemption required on snch date. The
~ Trustee shall, insofar as it shall be possible for it so to do, ezhaust
the moneys in said sinking fund by applping the same to the redemp-
E tiou of Series O bonds. The redemption price for Series 0 bonds for
~ the purposes of the sinking fund created by this Section shall be the
principal amount thereof plus interest accrued thereon to the date
figed for snch redemption.
Provided, howerer, th~t in lieu of depositing all or a part of snch
~ moneys the Companp ma~• satisfi~ the sinking fund pa3•uient, in zrhole
or in part, in an~ year bv depositiug ~rith tl~e Trustee Series O bonds -
theretofore issued and out_standing hereunder, such Uond~ to be credited ,r~
at the principal amouut thereof, or, in tivhole or in part, in nnp year,
by certif~-ing to tl~e Trustee unfunded net pro~ert3 aclditions in an
amonnt equal to the sinking fund requirenie~it (esclusi~-e of accrued
interest). linfunded net property additions su credited may not there-
~ after be made the b~sis for the issuauce of Uonds, tlie ~ti~ithdra~~al of
casli or the taking of credit under ~n} pro~•ision of the Indc~iture.
~ The term ~~Sinking Fund Certificate for Series O bonds" as used
_ in this Section and else«here in the Indenture shall mean a certifieate
filed by the Company ~c~ith the Trustee pursn~nt to this Section, signed
by the I'residen~ or a Vice President of tlie Compan3.
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