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and with the same ef~ect as if the said property had been owned by the Cora-
pany at the time af the execution of the Mortgage, and had been specifically
and at length described in and conveyed to said Trustees, by the Mortgage a~
a part of the pmperty therein stated to be conveyed. .
.
The Company further covenants and agrees to and with the Trustees
and their successors in said trust under the Mortgage, as fullows:
ARTICLE I
TwenE-y t~:~ ~ stt
SECTION 1. There shall be a series of bonds designated "7~h % Series
due 2U03", herein sometimes referred to as the "Twenty-seventh Series",
each of which shall also bear the descriptive title Fitst Mortgage Bond,
I~ and the form thereof, which shall be established by Resolution of the Board
~ of Directors of the Company, shall contain suitable provisions with respect
j to the matters hereinafter in this Section speci6ed. Bonds of the Twenty-
` seventh Series shall mature on January l, 2003, and shall be issued as fully
i registered bonds in denominations of One Thousand Dollars and, at the option _
~ of the Company, in any multiple or multiples of One Thousand Dollars
~ (the exercise of such option to be evidenced by the execution and delivery
~ thereof they shall bear interest at the rate of 7~fi % per annum, ~ayable
~ semi-annually on July 1 and January 1 of each year; the principai of and
~ interest on each said bond to be payable at the office or agency of the Com-
~ pany in the Borough of Manhattan, The City of New York, in sucn coin ur
~ currency of the United States of America as at the time of payment is legal
tender for public and private debts. Bonds of the Twer.ty-seventh Series shall
~ be dated as in Section 10 of the Mortgage provided.
~ ( I) Bonds of the Twenty-seventh Series shall be redeemable either at
_ the option of the Company or pursuant to the requirements of the Mortgage
~ 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, mailed at least thirty (30)
~ days prior to the date fuced for redemption. at the following general redemp- -
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