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HomeMy WebLinkAbout2916 . ~ _ _ : _ _ - . _ -._~..,..~_~a.n_~ts.zy.~~.~ 10 second Series", each of which shall also bear the descriptive title Fiist Mortgage Bond, and the form thereof, which shaii be estabiisnea ay is,es~- - olution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section speci- fied. Bonds of the Thirty-second Series shall mature on May 1, 1984, and shall be issued as fully 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 exei•cise of such option to be evidenced by the execution and delivery thereof they shall bear inter- • est at the rate of 9~J,; ~ per annum, payable semi-annually on No~~em- ber 1 and May 1 of each year; the principal of and interest on each said bond to be 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 America as at the time of payment is legal tender for public and private debts. Bonds of the Thirty-second Series shall be dated as in Section 10 of the Mortgage provided. ( II ) Bonds of the Thirty-second Series shall be redeemable either at the option of the Company or pursuant to the requirements of the ~iort- ; gage in whole at any time, or in part from time to time, prior to ma- ; turity, upon notice, as provided in Section 52 of the Mortgage, mailed at ~ least thirty ( 30 ) days prior to the date fixed for i•edemption, at the fol- ~ lowing general redemption prices, expressed in percentages of the prin- ~ cipal amountof the bonds to be redeemed: ~ ~ GENERAL REDEi1iPTION PRIC~:S If redeemed during the 12 month period ending Apri130, ~ 1976 . . . . . . 110.13 % 1980 . . . . . . 105.07 ~i~ ~ 1977 . . . . . . 108.86;~ 1981 . . . . . . 103.80% ~ 1978 . . . . . . 107.60 1982 . . . . . . 102.54'J~ ~ - 1979 . . . . . . 106.33 q~ 1983 . . . . . . 101.27 ; ~ 1984 . . . . . . 100.00 {y~ ~ in each case, together with accrued interest to the date fixed for redemp- tion ; pro~~ided, how ever, that none of the bonds of the Thirty-second Series shall be redeemed prior to May 1, 1980, if such redemption is for ~ the purpose, oi• in anticipation, of i~efunding such bond of the Thirty- ~ - ~ ~ ~ ~ 800K~V~7 PA6E~~~ ~ ~ ~ ~ ~ ~ _ - - _ - ~ - ; _ . _ _ - - -