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~ ~ - 73/.~ Jo Series due Septembei• 1, 2001 _ -
` 7~/~ % Series due 2002 ~ ~
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71/2 % Series due 2003
- - 8~/~ ~o Sei•ies due August 1,1980
81/z ~o Series due 2004 - - ~ .
i~ ~ 87/,~ °lo Series due 1982 .
' - ~ 10~/,S J~ Series due March 1, 2005 _ - ~
;and ~ . - =
~V4~~ER~.s, `Section 8 of the Mortgage provides that the form of each _
. series of bonds (other than the first series) issued thereunder shall be
. established by Resolution of the Board of Directors of the Company and ~
- that the form of such series, as established by said Board of Directors, -
shall specify the descriptive title of the bonds and various other terms
thereof,.and may also contain such provisions not inconsistent with the
~rovisions of the Mortgage as the Boai•d of Directors may, in its dis- - -
cretion, cause to be inserted therein ehpressing or referring to the terms
' and conditions upon which such bonds are to be issued and/or secured ~
~ - under the Mortgage; and . -
WHEREAS, Section 120 of the Mortgage provides; among other things,
; that any power, privilege or right expressly or impliedly reserved_to or ~
. , in any way conferred upon the Company bS• any provision of the Mort- ~ -
gage, whether such power, privilege or right is in any way restricted or
_ is unrestricted, may b~ in whole or in part waived or surrendered or
I'~, subjected to any restriction ~f at the time unrestricted oz• to additional -
restrietion if aii•eady restricted, and the Company may enter into any
further covenants, limitations or restrictions for the benefit of any one
or more series of bonds issued thei~eunder, or tl~e Company may cure .
any ambiguity contained therein, or~ in any supgl~mental indenture, or .
may establish the terms and provisions of any series of bonds other than -
said ~irst series, by an instrument in vsriting executed and acknowl-
edged by the Company in such manner as would be necessary to entitle
a conveyance of real estate to record in all of the states in which any-
_ - property at the time subject to the Lien of the 1Viortgage shall be situ= ~
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. - ated; and -
WH~REAS, the Company now desires to create the series of bonds
described in Article_I hereof and to add to its covenants and agreements =
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i . . _ ~ - - - . BOOKfrJ~ PAGE~~Gc~ _