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registered bonds in denominations of One Thousand Dollars and, at the
option of the Company, in any multiple or multiples of One Thousand
Dollars ( the exercise af such option to be evidenced by the execution and _
delivery thereof); they shall bear interest at the rate of l0'/a~o per annum,
payable semi-annually on September I and March 1 of each year; the
principal of and interest on each said bonJ to he payable at the office or
agency of the Company in the Borough of Manhattan, The City of New _
. York, in such coin or currency of the United States of Americ~ as at the time
of payment is legal tender for public and private debts. Bonds of the Thirty-
first Series shall be dated as in Sertion 10 of the Mortgage provided. •
(1t ) Bonds of' the Thirty-first Series shall be redeemable either at the
option of the Company or pursuant to the requirements of the Mortgage in
whole at any time, or in part from time to time, priar to maturity, upon
! notice, as provided in Section 52 of the Mortgage, mailed at least thirty ( 30 )
; days prior to the date fixed for redemption, at the following general
i redemption prices, expressed in percentages of the principal amount of the
`s bonds to be redeemed:
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~ GENERAI. REDEMPTION PRICES
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~ If redeemed during the l2 month period ending the last da}~ of
~ February,
s 1976......_. 111.79°,0 1986........ 107.73% 1996._...... 103.66°l0
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~ 1977 I I t.39rio 1987 107.32`k 1997 103.26 :
~ 1978 110_98`I~ 1988 106.92~10 1998 102.85°Io
~ 1979 1 I0.57~0 1989 !06_S I rIo 1999 102.4490
~ 1980.---•--. 110.17r/o 1990........ 106.10°,% 2000......_. 102.04~70 ~
~ 1981....---. 109.76°k. 1991........ 105.70% 2001........ 101.63"c ~
v. 1982..---... 109.35% 1992........ 105.29~ 2002......_. 101.22~I~
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~ 1983 IOR.95r/c. 1993 104.8A`Io 2003 100.82 io
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' 1984 t08.54`?0 1994 104.48`k 2004 100.41°Io
~ 1985 108.13~ 1995 104.07~?0 20Q5 100.00%
in each case, together with accrued interest to the date fixed for redemption;
- pravided, however, that none of the twnds af the Thirty-first Series shall be
'x redeemed prior to March 1, 1980, if such redemption is for the purpose, or in
~ anticipation, of refunding such bond of the Thirty-first Series through the
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~ ~ R 2~7 ~775
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