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prior to the first pa~-ment of interest, in ~~hich case from the date of authen-
tication of such bond. NotH~thstanding the foregoing, when there is no exist-
ing default in the pavment of interest on the Series R bonds, all Series R
bonds authenticated by the Trustee after the close of business on any record
date (hereb}• fiYed as January• 1 or July 1, as the case may be) next prior to
any interest pa}'~nent date ( Januarv 15 or Jul~~ 15, as the case may be ) and.
prior to s~ch interest pa~~ment date shall be dated as of and shall bear inter- -
est from such interest pay7nent date; pro~~ided, however, that if and to the
estent that the Compan~~ shall default in the interest due on such interest
pa~mnent date then an~• such Series R bond shall bear interest from the
~ (anuan• 15 or juh• 15 as the case mati• be, next preceding the date of such
Series R bond to which interest has lx~en paid, unless such interest pa~-ment
date is januarv 15, 1976, in which case from the date of authentication of
such Series R bond. The person in ~vhose name anv Series R bond is reg-
istered at the close of business on any record date ~vith respect to am-
interest pa~~ment date shall be entitled to receive the interest pa~•able on
such interest payment date nohvithstanding the cancellation of such Series
; R bond upon am• transfer or exchange subsequent to the record date and
i prior to such interest payment date; provided, however, that if and to the
' ectent that the Compam• shall default in the pa~rnent of the interest due
~ an such interest pa~~rnent date, such defaulteci interest shall be paid to the
s persons in whose names outstanding Series R bonds are ~registered an the
~ date of payment of such defauited interest. Both the principal of and the
~ interest on bonds of Series R shall be pa~-able at the office or agencv of the
~ Compam~ in the Cih~ of Chicago, Illinois, in la~vful mone~~ of the L'nited
States of America. The text of the bonds of Series R, and the Tnistee's
~ certificate w~ith respect to Series R honds shall be respecti~•el~~ siibstantialh~
~ of the tenor and purport heminbefore set forth.
~
~ Am~thing contained in Section 16 of the (?riginai Indenture to the
contrary nohvithstanding, the Series R bonds ma~• be engraved, litho-
; graphed or printed on steel engra~~ed borders, and shall be executed on
~ behalf of the Compan~- in its corporate name «~ith the manual or fao-
~ simile signature of its Yresident or one of its Vice Presidents under
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~ its corporate seal attested b~• the manual or facsimile signature of its
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