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ezecnte and deliver to the Trnstee s?nd the Trnstee ahall anthenticate
~ and deliver to the Company or upon the order of the Company bonds
of said Seriea Q in the form of reg'istered bonds u? the a88're8ate prin-
cipal amonnt of T~venty-Five Million Dollars ($25,040,004) ~ ancsh bonds
to be iasned again8t unfnnded net property additions as provided in
Article IV of the Originai Indentnre, as amended.
Sac~ox 8. The CompanY a8reea Lhat it will at all timea main-
tain, preserve .and keep the mortgaged and pledged prnperhi, wit1~ t~e
aPP~rtenancea and every part end parcel thereof, in good repair, work-
ing order and condition and eqnipped with enitablg eclmPment and ap-
pliances and in aacordance with good indnstry standards.
Sa~c~ox 9. The Company covenanta and agreea that, so long as
i any bonds of 8eries Q shall remain ontatanding, no dividend ahall be
~ paid on any sharea of any clasa of capital atoek of the Company, ezcept
~ dividenda payable aolely in atock of the Company, nor shall any ahares
~ of any capital stock of thg Company be pnrc~ased; retired, or otherwise .
aoqniredby the Company, unless ~after giving effeat to snch payment or
acquisition, the aggregate of all snch dividends snbseqnent to Decem-
ber 31, 1973, plns the escesa, if any, of the amownt applied to or set
apart for the pnrcLase or other aoqnisition of any ehares of capital
Stock af any class, snbseqnent to Deceml~eT 31, 1973, over the anm of
(a) anch amonnta ~as eh~ll have been received by the Company aa the
net cash proceeds of sales of sharea of its capital atock, of any class,
snbaeqnent to the initial iseuance of bonds of 8eries Q and (y) amonnts
received aa contribntiona to the eapital or snrplns of the Company
. anbaeqnent to the initisl issaance of bonda of Series Q, ahall not eaceed
the total of
.(i) the income of the Company, earned after December 31,
1973, available for dividends npon capital etoek;.Pins
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~ (ii) all other proper net aredits to anrplns made after the
~ initial issuance of bonds of Seriea Q(ezcept amonnta inclnded
~ in (z) and/or (Y) above) ; Plna -
~ (iii) the sum of $8,000,000; -
BOOK ~r~7~7 PA~E~~
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