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On or before tl~e fifteenth daq of September in each of the years
1974-2002, both inclusive, so long as any bonds of Series P are out-
stancling under the Indenture, and if the payment is to be made in
other tlian casl~, the Company sl~all deliver to the Trustee a Sinking
~ Fund Certificate for Series P bonds showing the sinking fund pay-
ment for that y ear and tlie manner in which the Coinpany elecfs io -
satisfy such sii~ng fund payment. The Company shall concurrentl3
witL the delivery to the Trustee of such certificate, deliver to the
Trustee the cas}~, bonds and certificates necessary to satisfy such sink-
ing fund payment in the manner elected by the Company. On or before
October 1 in eacL year the Trustee, in the name and at the egpeuse of
tLe Company, shall effect the call for redemption of any Series P bonds
to be redeemed under the sinking fnnd on the neat November 1.
No nnfnnded net property additions shall be certified to satisf~•
xnp sinkiug fund payment pursuant to the provisions of this Section
unless there shall be delivered to the Trustee with such Sinking Fund
Certificate for Series P bonds the applicable certificates, opinion of
counsel, iustruments and cash, if any, required by paragraphs (3), (4),
(5), (7), (8) an,d of ~ection 26 of the Original Indentnre (ezclnsi~•e
of sucl~ parts of tlie opinion of connsel as relates solely to the authoriza-
tion of the issuance of bonds by governmental authorities and Uy the
Compauy) sLowing that the Company has unfunded net propert~
additions equal to the amonnt so certified.
Bonds of Series P to be redeemed for siiiking fund purposes sl~all
be redeemed in accordance v~ith the prorisions of Article IX of the
Original Indentare.
any sinking fund cash remaii~ing ~vitl~ the Trustee after any such
redemptioii ~SllC~l C8S~1 being herein called "e$cess cash") shall con-
tinue to be lield in trust by the Trnstee. ~n~• such eacess cash reniain-
ing on deposit with tlie Trustee at the time of a subsequent deposit of
sinking fund cash with the Trustee shall be eshansted insofar as pos-
sible for tLe redemption of Series P bonds pursuant to this Section.
Series I' bonds deli~ ered to the Trustee pursuant to this Sectio~i,
: or purcliased or redeen~ed pursuant to the nr.ovisions set forth in tl~is
Section, shall be cancelled and shall not be made the basis for the witl~-
dra~cal, use or applieation of cash or the release of propert}~ wider an~~
of the provisions of the Indenture, or used to satisfy an~- other sinking
. . ~ ~ - soox ~20 234G