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HomeMy WebLinkAbout1252 s• • J - iit a 8 shall be redeemed by the Company, on the date fixed for redemption of such Series 1980 Martin Bonds, at the principal amount thereof together with accrued interest to the redemption date. If less than all the bonds of the Fortieth Series ate to be redeemed, they shall be selected from the maturities, and in the principal amounts, designated to the Corporate Trustee by the Company. ' The Corporate Trustee may conclusively presume that no redemption of bonds of the Fortieth Series is required pursuant to this subsection (III ) unless and until it shall have received a written notice from the trustee under the Second Martin Indenture, signed by its President, a Vice President or a Trust Officer, stating that Series 1980 Martin Bonds are to be redeemed pursuant to the fiRh paragraph of Section 301 of the Second Martin Indenture and~specifying the principal amount and redemption date of the - . Series 1980 Martin Bonds to be so redeemed. (IV) The Company hereby waives its right to have any notice' of redemption pursuant to subsection (III) of this Section 1 state that such ~ notice is subject to the receipt of the redemption moneys by the trustee f before the date fixed for redemption. Notwithstanding the provisions of Section 52 of the Mortgage, any such notice under such subsections shall not be conditional. (V) At the option of the registered owner, any bonds of -the Fortieth 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 uansfer wherever required by the Company, duly executed by the registered owner or by his duly authorized attorney, shall (subject to the' provisions of Secxion 12 of the Mortgage) be exchangeable for a like aggregate principal amount of bonds ot`the same series, interest rate and maturity of other authorized denominations. Bonds of the Fortieth Series shall .not be transferable except to any successor trustee under the Second-Martin Indenture, any such transfer to be made (subject to the provisions of Section 12 of the Mortgage) at the office or agency of the Company in the Borough of Manhattan, The City of New - York. The Company hereby waives any right to make a charge for any i exchange or transfer of bonds of the Fortieth Series. i BOOXJ~~ PaGE~~O ~ ~ _ - - ,3