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s
Thereafter and on or before November 15,1998.. 104.599%
Thereafter and on or before November 15,1999.. 104.1$1%
Thereafter and on or before November 15, 2000.. 103.763%
Thereafter and on or before November 15, 2001.. 103.345%
Thereafter and on or before November 15, 2002.. 102.927%
Thereafter and on or before November 15, 2003.. 102.509%
Thereafter and on or before November 15, 2004.. 102.091%
Thereafter and on or before November 15, 2005.. 101.fi73%
Thereafter -and on or before November 15, 2006.. 101.25#%
Thereafter and on or before November 15, 2007.. 100.836%
Thereafter and on or before November 15, 2008.. 100.418%
Thereafter and prior to maturity, without premium ; all on the
conditions and in the manner provided in the Indenture.
On the conditions and in the manner provided in the Indenture,
Series ,S bonds may become subject to redemption, in whole or in
part, at any time by the use of moneys deposited with or paid to the
Trustee (a) as the proceeds of the sale of property, or (b) as the
proceeds of property of the Company taken under power of eminent
domain or sold to a governmental body pursuant to the provisions
of any statute or franchise enabling such governmental body to
compel the Company to sell such property, or (c) as the proceeds
of insurance policies deposited with or paid to the Trustee because
of damage to or deatraction of property of the Company. Series S
bonds ao redeemed~ahall be redeemed at their principal amount plus
interest accrued to date of redemption, plea, in the case of those
referred to in (a) above, the then applicable premium set forth in
the preceding paragraph and, in the case of those referred to in
(b) and (c) above, without premium.
Notwithstanding the foregoing, the Company may not redeem
any of the bonds of Series S prior to November 15, 1984 as a part
of, or in anticipation of, any refunding operation involving the in-
curring of any indebtedness having an interest cost to the Company
(calculated in accordance with generally accepted financial prat
tire) of less than 121/8% per annum.
Notice of any of the aforesaid redemptions shall be mailed by
the Company, by first class mail postage prepaid, not leas than
thirty (30) nor more than aiaty (fi0) bays prior to the date fixed for -