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manner and with the same efTect as if said property had been owneci oy the
Company at the time of the execution af the Mortgage, and had been
specifically and at length described in and vonveyed to said Trustees, by the
Mortgage as a part of the property 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 follows: ~
ARTICLE 1 _
Twenty-eighth Series of Bonds
SEC'iION 1. There shall be a series of bonds designated "8S~a96 Series
due August I, 1980", herein somedmes referred to as the "Twenty-eighth
Series", each of which shall also bear the descriptive title First Moctgage
Bond, and the form thereof, which shall be established by Resolution of the
Board of Directors of the Company, shall contain suitable provisions with
respect to the matters hereinaRer in this Sectioa specified. Bonds of the
Twenty-eighth Series shall mature on August 1, 1980, and shall be issued as
fulfy registered bonds in denominauons oF One Thousand Dollars and, at
the option of the Company, in any muitiple or multiples of One Thousand
Dollars ( the exercise of such option to be evidenced by the execution and
delivery thereof); they shal! bear interest at the rate of 84fs°X~ per annum,
payable semi-annually on February 1 and August 1 of each year; the
principal of and interest on each said bond to be payable at the of~'ice or -
agency of the Company in the Borough of Manhattan, The City of New
York, in such coin or cunency of the United States of America as at the time
of payment is legal tender for public and private debts. Bonds of the
Twenty-eighth Series shalt be dated as in Section 10 of the Mortgage
provided.
( I) Bonds of the Twenty-eighth Series are not redeemabie prior to
August t, 1978. Bonds of the Twenty-eighth Series shall be redeemable on
and after August t, 1978, either at the option of the Company or pursuant to
the requirements of the Mortgage in whole at any time, or irt part from ame '
to time, prior to maturity, upon notice, as provided in Section 52 of the
Mongage, maited at least 30 days prior to the date fixed for redemption, at
the principat amount of the bonds to be redeemed, without premium, in
each case togecher with accrued interest to the date fixed for redemption.
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