HomeMy WebLinkAbout1820 ~ . ; ~ ' ~
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~ . ~ . RedawpNoa Provisio~s . ~ : , • ~ ' ` ' .
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~ a~o~r 4.01. All or any p~rt of t~he ~eriee A bonda outst~?nding at any tlt~e, or e?ay purt of tbe priaoipsl
~mount of auy fully registered 8erie8 A bond oonstituting i1,OQ0 or ~ny multiple thereof, ~msy be m?lled for
~ redemption and payment an any interESt paymen~ date prior to maturity (eubjeot to t~he lurt~r pro~isione
~ ~ hereon, at the principal o€~'ioa of the ~uatEe, upon not less than 30 daya prior notice given or ~nuiv~ ae here-
~ inafter provided~ if call~d through the operation of the einking fund, at thefr priaoipal amwunt, otherwiea ~tt the
~ following redemption pricea, hcrein expresseci as percentages of such principal amaunt, during t6e respeative
, periode hereinafter in thi~ paragraph aet forth~ in each caee together with thhe acarued and unpaid intere$t on
~ the prinoipal amount of bonda called to the date fixe,ri for redemption:
~ ~ ~~ffiaat~DsDEnd~nt ~ , S+demDt~ba
~ , Dsoember ai , Psia
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~ 1965 106.00000°~0 .
~ 1966. 145.67143%
lOb.1~4286 ~
, 1967 % .
~ , 104.71429%0 , r ~ .
f ; . 1~ ,
} : . 1969 104.28572%a , ,
; ~ 1970. . . . . . 103.8b71b°Ja ~ • k> ~ ~ ~
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~ . ~ ~ . 1971 103.42858% _ t
; . . . : . 1972 103.00~00% ;
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i~ ~ • 19fi3 102.57143°Jo ' '
~ . ' . . ~ 1974.. . . . . . . ' . 102.14286% . t ,~t: . ,
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; , . . 197b ~ ~ 101.71429% ,f ~ F S
# . . f• :
s . ~ . . . . . . . . . . . ' . . . 101.28572 , s., r r, , ,
i . 1976:.. . . % `
. . . , 19'77 ~ . ~ . : . . . . . . . . . . ~ 100.85715°~0 ~ ~.t ,,.~2 r r~ ~ ! - -
~ . ; . . . ~ lOD.428b8 ` ! ~ j ;~f'` i'~' •
- . 1978 .....................3................. % - ' .
; . 1979. : 100. 00000°Jv , , ~ ;
z. ~ , , s
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E provided, however, no bonda of ~3erieo A ehall be rede~med prior to Ja~uary 1,1972 at f,he optwn of t~he Co~psuy,
~ M; ~ direatly or indirectJ,y, with the proceed~ derived from or aa a part of or in antioipatian of ~?ny reiundiug oper-
i.~,. ation invo~ving the incurring of indebt~eduess by the~Company for borrowai money aL sn annuat iater~st mf,e
or effective in~erest oost (determineci in acoordanoe .with acoepted finanaial practioe) to the Cott?psuy of leae
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+ ~ than 6%a per annum or from fu~ula receivod fram, or as a part of, or in anticipation of, the eale of additional ~
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j' atock to Geueral Development Corporation. In all c~ses of redemption, exc:ept for sinking fund redemptione,
rior to Jan 1 19'12 ther8 shall~ r~or to the of notice of auch redem tion be filed with the Tn~stee
~ i' ' an a~davit ot~f
the President or.the Tx~easurer of the Cc~mpany statin~ the aout~ce of moneya to be ueed by the
' i'• ~ Companp in effecting the proposed redemption and'stating the fscts neceasary to atablish to the satiafaation ,
= of the Trustee that the Company under the foregoing provisions is entitled to redeera the 8eries A hond~ pro- '
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. poaed to be called for redemption.
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~ Bao~r~orr 4.42. Iu case t~+ Compaay ehsll eie~t to redeem ~eries A bonde, it eh~?1!, st least~ lb days before •
tt~e date upan vrhich ths not,iae of redemption ~ereiri provic~d for it to be given, notify the Trustse in rvrit~ag
t~ ~ af sucb election and of the aggregat~ grinoipai smount of suah bonde to be rsdeemed, sad thei~eupan, if lees '
` than s?ll outstanding Seri~ A bond,~ f~?re to be redeemed, the putiaulwr bo~da to b~e re~eaned ia whole or iti
~ ~ psrt shsU be designatsd by tho Tivatee ira ecoordnnoe with the pr~vieioas Qf an,y rvri~ten agreement filed, o~ or
befora the tirae of giving the notioe afor~eaid 4~o t~e ;~4uatee, with the Tn~tee by the reg~ered holdere ot aU
:1 the outataadin; ~eriee A bonds~ if at the t~ime the a~me shall be regtatered bonde without ocupons or ooupon '
bonds registered ae to priacipai, and otherwiee shsll be ee~cted by the ~ruatee by lot in sny ra~er deemed by
it pmper. The Tnist~e ahi?11 ~orithin 10 de?ys there~iftsr n:otify the Compuny in v~rriting of•the numbers sa~d
i',~ . prineipal umounts of the Series A t,onda so deaign~?t~d or eeleuted by Iot: .
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