HomeMy WebLinkAbout1772 ~t
5
7'/.% Series due September 1, 2001
i~ ro S~nes due 2L~2 `
744`~o Series due 2003
~
8'~s°lo Secies due August 1, 1980 i
8~%z~ Series due 2004 x
8'/s`lo Series due 1982 ~
; and a
WHEREAS, Section 8 of the Mortgage pro~ides that the form of ;a~h~ ~
series of bonds (other than the tirst sericsi i~~u~~ ~~iz~~~~~~~r st:..l ~
established by Resolution of the Board of Directors of the Company and ~
~ that the form of such series, as established by said Board of Directors, shall
specify the descriptive title of the bonds and various other terms thereof, and ~
' may also contain such provisions not inconsistent with the provisions of the ~
s Mortgage as the Board of Directors may, in its discretion, cause to be ~
. _ ,i ...~'.:...,c ~~nnn
; inserted therein express~ng or reierring w u~C u~•~ ~
` which such bonds are to he issued and/or secured under the Mortgage: and ~
~
' WHEREAS, Section 120 of the Mortgage provides, among other things,
;
= that any power, privilege or right expressly or impliedly reserved to or in any
~ rovision of the Mortgage,
~ way conferred upon the Company by any p
~ whether such power, privilege or right is in any way restricted or is
~ unrestricted, may be in whole or in part waived or surrendered or subjecced ~
~ ~
to any restriction if at the time unrestricted or to additional restriction if ~
~ already restricted, and the Company may enter into any further covenants,
~ limitations or restrictions for the benefit of.any one or more series of bonds
issued thereunder, or the Company may cure any ambiguity contained _w
~
~ therein, or in any supplemental indenture, or may establish the terms and f
; provisions of any series of bonds other than said first series, by an instrument 3
~
~ in writing executed and acknowledged by the Company in such manner as
~ would be necessary to entitle a conveyance of real estate to record in all of =
- the states in which any propercy at the time subject to the Lien of the
~ Mortgage shall be situaced; and
WHEREAS, the Company now desires to create the series of bonds
- described in Article 1 hereof and to add to its covenants and agreements
contained in the Mortgage certain o[her covenants and agreements to be
= observed by it and to alter and amend in certain respects the covenants and
_ provisions contained in the Mortgage; and
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~~z BGOK~~~ PAGE~77O
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