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had been owned by the Company at the time of the execution of the
Mortgage, and had been specifically and at length described in and con-
veyed to said 1'rustees, by the Mortgage as a part of the prnperty
therein stated to be conveyed.
The Company further covenants and agrees to and with the ~ustees
and their successors in said trust under the Mortgage, as follows:
ARTICLE I
Forty-first Series of Bonds
SECfION 1. ( I) There shall be a series of bonds designated "15~/8~
Series due March~ 1, 2011", herein sometimes referred to as the "Forty-
first Series", each of which shall also bear the descriptive title First
Mortgage Bond, and the form thereof, which shall be established by
Resolution of the Board of Directors of the Company, shall contain suit-
abie provisions wiii; res~,e4~ u; t~c ~~~at~~~ ;~r~~:.:~:~: z: ;,!::~ ~Li~r
specified. Bonds of the Forty-first Series shai! mature on March 1, 2011,
and shall be issued as fu11y regist~red bonds in denominations of One
Thousand Dollars and, at the option of the Company, in any multiple or
multiples of One Thausand Dollars (the exercise of such option to be
evidenced by the execution•and deli~~ery thereof); they shall bear inter-
est at the rate of 15~/$qo per annum, payable semi-annually on Septem-
ber 1 and March 1 of each year; the principal of and interest on each said
bond to be payable at the office or agency of the Company in the Bor-
ough of Manhattan, The City of New York, in such coin or currency of
the United States of America as at the time of payment is legal tender
for public and private debts. Bonds of the Forty-first Series sha11 be
dated as in Section 10 of the hiortgage provided.
( II ) Bonds of the Forty-first Series shall be redeemable either at the
option of the Company or pnrsuant Lo the requirements of the Mort-
gage (including, among other requirements~ the applieation of cash d~
livered to or deposited with the Corporate Trustee pursuant to the pro-
visions of Section 39 or Section 64 of the Mortgage or with proceeds of
Released ProQerty) in whole at any time, or in part from time to time,
prior to maturity~ upon notice, as providecl in Section 52 of the Mort-
gage, mailed at ieast thirty (30) days pr~or to the date fixed for re-
6'l~K 35Q ~aSE 75~
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