HomeMy WebLinkAbout2916 ~
~ ;
~.,__.__•..~.,..._.~.-.~_----.av~.....=..._.rr.......y~_...:..J~.x_>..~e.~._.zvc..._,x._.:.V.::i,.._ac-......~...~.~.-+.ar..a.,..~:-.so7:.es:i!5_f.~..~saltijh3ai39~r
- 10 -
second Series", each of «~hich shall also beai• the descriptive t:*~s First
Moi•tgage Bond, and the form thereof, which shall Ue established by Res- -
olution of the Board of Directors of the Company, shall contain suitable
_ ~ provisions with respect. to the matters hereinaftei• in this Section speci-
fied. Bonds of the Thirty-second Series shall mature on May 1, 1984,
_ and shall be issued as fully i•egistered bonds in denominations of One -
Thousar.d _ Dollars. and, at the option of the Company, in any multiple '
or multiples of One Thousanci Dollars ( the e~ercise of such option to be ~ _
- -
~ evideneed by? the execution and delivery thereof they shall bear intei•-
• est at the ~•ate of 9~/,.; % pei•_ annttm, payable semi-annually on No~~em- -
- ber 1 and i17ay 1 of each year,• the principal of and _interest on each said -
bond to be payable at the office or agency of t.he Company in the Borough - -
of 1lianhattan, The City of Ne«~ Yoi•k, in such coin or curi•ency~ of the
United ~tates of America as at the t.ime of paS~ment is legai [.enuer for
public .and private ciebts. Bonds of the Thii•ty-second Series shall be
dated as in Section 10 of the i~Iortgage provided. . .
( II ) Bonds of the Thirty-second Series shall be redeemable either at
the option of the Company or pursuant to the requirements of the ~Iort-
~ gage in whole at any time; or in part from time to time, prior to ma-
turity, u~~on notice, as provided in Section 52 of the Mortgage, mailed at
- least thirt~? f 30 ) days prior to the date fixed for redemption, at the fol- ~
lowing general redemption pi•ices, expresseci in percentages of the prin--- -
cipal amount of the bonds to be redeemed =
~il:\'r:RAL ~EDE~IPTIO\' PRIG~:S
If redeemed during the 12 month pei•iod ending Apri130,
1976 . . . . . . 110.13 J: 1980 . . . . . . 105.07 ~J~ ~
~1977 . . . . : . 108.86;~ ~ 1981 . . . . . . 103.80 J~.
1978 . . . . . . 107.GO - - 1982 . . . . . : _ 102.54
- 1979 . . . . . . lOG.33 Jo . 1983 . . . . . . 101.27 Jo ~
~ 1984 . . . . . . 100.00 J~ _ -
in each case, together with ac~rued interest to the date fixed for redemp-
~ tion; prorided, ho~vever, that none of the bonds of the Thirty-second
Sei ies shall be redeemed prior to i~iay 1, 1980, if such redemption is far ~ -
- the purpose, oi• in anticipation, of r-efunding such b~nd of the Thii•ty-
. : ~ - ~ , 800K ~~~7 PAGE~~~