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such interest payment date; provided, however, that if and to the eztent
that the Company shall default in the interest due on arch interest pay-
ment date then any such Series S bond shall bear interest from the. May
15 or November 15 as the case may be, nett preceding the date of such
Series S bond to which interest has been paid, unless such interest pay-
ment date is flay 1:5, 1980, in which case from November 15, 1979. The
person in whose name any Series S bond is registered at the close of
business on any record date with respect to any interest payment data
shall be entitled to receive the interest payable on such interest payment
date notwithstanding the cancellation of such Series S bond upon any
transfer of exchange subsequent to the record date and prior to such
interest payment date; provided, however, that if and to the extent that
the Company shall default in _the payment of the interest due on such
interest payment date, such defaulted interest shall be paid to the per-
sons. in whose names outstanding Series S bonds are registered on the
date of payment of such defaulted interest. Both the principal of and
the interest on bonds of Series S shall be payable at the office or agency
of tiie Company in the City of Chicago, Illinois, in lawful money of the
IInited States of .America. The teat of the bonds of Series S, and the
Trustee's certificate with respect to Series S bonds shall be respectively
substantially of the tenor and purport hereinbefore set forth.
Anything contained in Section 16 of the Original Indenture to the
contrary notwithstanding, the Series S bonds may be engraved, litho-
graphed or printed on steel engraved borders, and shall be executed on
behalf of the Company in its corporate name with the manual or fac-
simile signature of its Chairman and Chief Executive Officer or one of
its Vice Fresidents under its corporate seal attested by the manual or
facsimile signature of its Secretary or one of its Assistant Secretaries.
Such seal inay be in the form of a facsimile of the Company's seal and
may be imprinted or impressed upon the Series S bonds. In case any
of the officers who shall have signed or sealed any of the Series S bonds
shall cease to be such officer or officers of the Company before the Series
S bonds so signed or sealed shall have been authenticated or delivered by
the Trustee or issued by the Company, such Series S bonds may, never-
thele», be authenticated, delivered and issued and, upon such authenti-
cation, delivery and issue, shall be as binding upon the Company as
though those who signed and sealed the same had continued to be such