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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 :"3 f: 1 ~~z BGOK~~~ PAGE~77O ~ _ _ - ~ ? - ; ~.~y-~- _ , . . _ . . . . _ . ; : ~ .