HomeMy WebLinkAbout1809 - - - _ _ _ _ _ -
. . a r.. . _ _ r. _ . _ . _ _ _ _ . _ ~
. ~ -~~~~~~.tr~,VU ilr~ ~7
~
SEVrION 1.03. The firet Qeriea nf . bonds to be issued hereunder (herein callecl generall,y tha ~'Serees A
bonds") ahall be designated "First Mort$age Bonde, Seriee A, a%a, due Decembee 31, 1U79." The 8eries A
- bonds ehall, stibject to thQ proviaione of ~ection 1.13, bo dated~ and ahall bQar interest fmm, the date of issue
~hereof; ehall mature December 31, 1979, ~uud aha11 bear interest on the principal ettm remaining from titne
to tima unpaid ati the rate af S% pcr annum gayable semi•annually on Jsnuary 1 end July 1 in eaeh year,
~ commencing July 1, 1585, until the principal thereof ahall have become due end payable and thereaftsr, if
' default be made in the peyment of Buch principal, at the rsts of 9% per annum to the ext,ent legally per-
. mitted until the principal th~reof ahalt be paid. The payment of ptinoipal of, intereet on~ and premium, if any,
on tho geriee A bonda will be gusranteed by Cieneral D~avelapment Corporation, s Uelsware~ Corporation.
~ ,
; ~~ox 1.04. Bonds of any eeries other than ~eriea A ahall contain such variant pmviaione, if any, ae
~ . to date, maturity or serisl maturities, interest rate or intereat ratea, in the case of eerial maturitier~, place of
payment, redemption, converaion, or deduction or reimbureement of taxes, ahalt be entitled to suah ainking
E fund provisione, and ahall be limited to such aggregate principal amount, if sny, as shall be determined by
~ the Board of Directora and eet forth in an indenture eupplemental hereto at the time any such otl~er eeries
~ ia created.
~
` 30 long as any bonde of Series A ahall remain outstanding no new series of bonds shall be authorized ;
i t
having a maturity date earlier than December 31~ 19fi9, and no provision ahall be made for the retirement of
anq n~w eeries of b~nds prior to December 31, 1979 thraugh a einking fund or other retirement fund in an
~ amount in any year greater pmportionately than is provided in thia indenture for tha retirement during such
qesr of tha geri~ A bonds bq operation of the sinking fund established for bonde of said seriea.
i S~criox 1.05. The Series A bonds initially to Ixx issuecl ehall be fully regietered bands without coupons,
; in denominations of E1,000 or multiples thereof, aubst~ntially in the form set forth in Schedule A hereof,
t with appropriate inaertione, omissions and changee, agproved by the Freaident of the Companq and the
s Trustee, a8 may be eppropriate for different denominations and in order to conform to usage or law. Upon
` receipt of a written request from holders of not less than 25% in aggregate principal amount of the Series A
: honds at the t,ime outstanding, stating their intention to exchange all or a aubstantial part of theix bonds for
j Series A bonda in coupon form, the Company will promptly cauae to be prepared 8eries A bonds in customary ~
coupon forra in the denomination of =1,000, registrable se to principal only, and substantially in the form of ~
~ the fuUy registered Seriea A bond aet forth in Schedule A hereto, with appropriate insertione, omisaione, and
` changes approved by counsel satisfactory to the Truatee in an opinion filed with the Trustee, and by the
~ Trustee. Thereafter fully registered bonds and coupon bonde of seriea A ahall be interahangeable, eubject to
~
~ the provisiorug of $ection 1.11 hereof. ~ • • ~ ,
~ _
_ j
= BECriox 1.06." Bonde of seriea other than series A ahall be fully.registered bonde without coupons, or
~ coupon bonds which may or map not be registr~ble ~ ~co principal, or both, shall be of euch denomination
; or denaminationa, interchangeable as between denQmination$ and as between fully registered bonds without
~ coupone and coupon bonds, or not so interchangeable, and ahall be ia such form or forme, not substantially
~ different fiani the form of Series A bonde, eaccept as may be occ~eioned by variant proviaione applicable t~o
# suoh seriea in accordanca with &ection 1.04 hereof, aa~ ehall be determined by the Board of Directore and set
forth in an indenture supplemental hereto at the tima such other seriee ie created. Bonds of any series may
' ` be endorsed ,with such notatione or legends as may be required by any indenture supplemental hereto, or
aa may be required to conform to usage or law and be appmved by the Truetee.
~ 8~o*r 1.07. Bonda of each eerie8 ahall be printed, lithographed on engraved bordere, or engraved, and
~ ehall be numbered and beer di~tinguiahing lettere or symbale far the dii~erent danominatione and forma, ~a may
` 3 be sppro~~ed by the President of the Company and by the Truetee. Temporary bonds.oi eny eeries ma~? be
: ieeued in ou~etocnaty form, +~PP~'ed by the Pr~ident of fbe Comp~ay ~?nd the ~uetee, containiag eubetaatislly .
~ z ' the prowisiona required for permanent bonde of the eeriea wd expree~ed to be exahangeable far aueh permanent
~ ~ bonde. . . . • : _ _ . : : . ~ . . , . . - ~ : . . ~ .
~ ; •
~ ~ ' _ . : ` ~ .
~ ~ ; :t ~3':.~ . ~
~
~
f ,
~ -
r
. •
. , . . ~
. ~ . -r... ~ ~
.
i ~ . • .4 7s . ~ `.~•t
. - ' " . ~ `f.
. , j ; h . . , . . . r~~ ` - , -
. ~
_ _ ~`s., ~:s . . r { . ,,'S`` _ ' ' . • - - -