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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 redemption prices, expressed in percentages of the principal amount
of the bonds to be redeemed:
GFavtxtwt. IZEDEMP'110N 1?ttlcts
If redeemed during the 12 month period ending Apri130,
1981............110.88% 1991............107.13% 2001............103.38%
- 1982 110.51% 1992 106.76% 2002 103.01%
1983............110.13% 1993............106.38% 2003............102.63%
1984 109.76% ~ 1994 106.0 I % 2004 102.26% -
1985............109.38% 1995............105.63% 2005............101.88%
1986............109.01% 1996............105.26% 2006............101.51%_
1987............108.63% 1997............104.88% 2007............101.13% -
1988 108.26% 1998 104.51 % 2008 100.76%
1989............107.88% 1999............104.I3% 2009............100.38%
1990 107.51 % 2000 103.76% ' 2010 100.00% -
in each case, together with accrued interest to the date -fixed for redemption;
provided, however, that none of the bonds of the Thirty-ninth Series shall be
redeemed prior to May 1, 1985; if such redemption is for the purpose, or in
anticipation, of refunding such bond of the Thirty-ninth Series through the
- . use, directly or indirectly, of funds borrowed by the Company at an effective
interest cost to the Company (calculated in accordance with acceptable
financial practice) of Less than 11.455% per annum.
(III) At the option of the registered owner, any bonds of the Thirty-
ninth Series, upon surrender thereof for cancellation at the office or agency
of the Company in the Borough of Manhattan, The City of New York,
together with a written instrument of transfer wherever required by the ~ -
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