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SSCTIOl~ 3. The Company co~ enants and agrees tliat so long as
any ~eries P bonds are outstanding hereunder it will in each of the
ycars 1374-2W2 both incl~sive, as and for a sinking fund for Series P
bonds, call for redemptiou on November l, of each such year Series P
bonds in an aggregate principtil atuount equal to one per cent (1%) of
the total aggregate principai amount of 5eries Y uonaa aufi~enti~r~iz~
and delivered to and inclnding such November 1(ezclusive of Series P
bonds in eachange or in substitution for which other bonds of Series P
e may have Ueen suthenticated or delivered wnder the provisions of
Sections 11, 14, 15, 17 and 18 of the Original Indenture and Section 5
of this Tweutieth Supplemental Indenture). The aggregate principal
amount of Series P bonds to be redeemed in any year as provided
in this paragraph is hereinafter called "the sinking fund payment"
for snch year.
On or before each such November 1 the Company shall deposit
ith the Trustee a suni of monep su~cient to carry out the sinking
fuud redemption required ou such date. The Trustee shall, insofar as
it shall be possible for it so to do, eahanst the moneys in said sinking
fund by applping the sa~e to the redemption of Series P bonds. The
redemptiou price for Series P bonds for the purposes of the sin~ng ~
fund created b3T this Seetion shall be the principal ainount thereof plus
interest accrued thereon to the date fixed for such redemption.
Yro~~ided, however, that in lieu of depositiug all or a part of such
moneys the Company may satisfy the siuking fund paymeut, in whole
or in part, in auy year by depositing ~vith the Trustee Series P bonds ~
theretofore issued and outstanding hereunder, such bonds to be credited
at the principal auiount thereof, or, in whole or iu par~, in auy 3Tear,
by certifying to the Trustee unfunded net property additions in an
amouut equal to the sinking fund requirement (egelusive of acerned
interest). Unfunded net property additions so credited ~nay not there-
after be made the basis for t.he issuance of bonds, the withdrawal of ~
cash or the tal~ng of credit under anp pro~ ision of the Indentnre.
The term "Sinking Fund Certificate for Series P bonds" as used
; in this Seetion and elsewhere ii~ the Indenture shall mean a certificate
f~led b3~ the Company ~vith the Trustee pur~uant to this Section, signed
by the President or a Vice President of the Company.
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