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<br /> ;� l0 . SecCion 9 of article Il of the Hortga�e is herebp aoended : ( i ) by -
<br /> �, nubattc��� SnF for tl►e vords "ar the ratc af ffve percentum (Sx) per nnnva" in the , '
<br /> `� E1rsC aentence af satd acctton , the follovinR : "At che higheet ic�� l rn [e but not -
<br /> • < in : exceee of ten percentum ( 1D�) per annum" ; nnd ( 2 ) by addiug at the end of eaid � -
<br /> , t' section the following addi [ 1onal eentence : _ "A nocehoider acting hercunder ahall '
<br /> fr ;� , not be liable to the Hortgngor; or anq other noteholder except for loaeee ra�ul [ing
<br /> j from Rrosa negiigence or vLTfuLmiafeaRance . "
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<br /> * = t 11 , Sectinn 10 of article II of the HortRnge io hereby nmended by
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<br /> ;; eliminating the present si�beection ( b) , by relet [ering su6aection� ( c ) , (d) and ( e )
<br /> ; �w se eubaeetions (b ) � ( c ) end (d ) respectively , and by revisinR the nevly - lettered ` .:
<br /> r+. � subsectinn (b ) so that it reads as £ollova : " ( b ) enter into any contraU or con-
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<br /> ; �, tracte for the operation or mnintenance of all or any part of ita p�operty , for
<br /> � the purchase of electric pwer or energy , for the sale for resale , or far the sale
<br /> � �� to the ultimate conaumer , of electric power and energy in exeeae of 1 , 000 kilovatta ,
<br /> . or for thc use by othere of nny of ite property ; "
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<br /> � 12 , Sectton 12 of nrticie II of the HoctFnqe is hereby e�ended ta reed a � 'r�
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<br /> "� follovr : � +;
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<br /> ? SECTIOH 12 . The HortgeRor Fill at nll timce keep , end �afely pze -
<br /> t aerve , proper books , recorda and accounts in vhich full and true entries vill , ,r
<br /> 4 ;K be made of all of the denllnRs , baninces and nffaire of [hc Nor [�ngor , in
<br /> accordance vith the methoda and principles of accountinR preAcri6ed in the
<br /> 2 Vniform Syatem of Accounte . Tiie Nortgagor uill pcepare nnd furnieh each note -
<br /> � hoider not later than the 15th dny of cach month , or at lesa frequcnt intervals :. -
<br /> � wfien epecified bq the majority noceholders , financial and statiatical reporta
<br /> on ite condition and operntions . Such reports shall be in euch focm and in-
<br /> � � l .�.in ..,�,�I; �.�c.1�. � t �:; ec ._.nv F.. gpe� SfL��J by Cfl� e�a �nrftv qn �nl�elrlare � in �
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<br /> � cludLnR vithaut limitation an analqsis of Che HortRaRor ' s revenues , ezpensee
<br /> and conaumer accounts , Ihe HortRagor viil cauee ro be prepared aad furniahed
<br /> � to each noteholder � a [ lenat onee durin� each 12 -mon [h perlod during the [erm
<br /> � hereof , a full and complete report of its financial condition aa of a da [e
<br /> , (hereLnnfter called the "Fiscai Date" ) not more than 90 daya prior to the date
<br /> ;� such report ie furnished to the notehoideca hereunder , nnd of its operntiona
<br /> �;,; for the 12 -month period ended on the Fincal Datc � in form and eubatance entie - t
<br /> % factary [o the mnjori [y notcholders , audtted and ccrtified by independen [ certi -
<br /> � fied public eccountante sn [ isfnctory to [he e�zfocity noteholdere nnd accompanied
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<br /> � by a report oE nuch nud [ [ in torm nnd sube [ance satiafnetory to the majori [y
<br /> �oteholdere , Any notchoidcr , throu�h ite reprezentatives , �hall nt all � imea
<br /> � durinR reasonable businese hourF have access to , nad [he riRh [ to inspect and
<br /> '� make copiee oE , nny or all booka , recorda rtnd necounts , and nnq or all invoieee �
<br /> �� can [racte , leesee , payroils , cnnceled checke , n [atements and o [her documents
<br /> `� aad pnpere of ever} kind belonginF to or in thc posseseion oE the HortRaRor
<br /> .,� or in nnyvise pertaining [o its proper[y or bu9iness .
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<br /> � 13 , Section 15 ei articic II of the ?fortgage is hereot� an2nded
<br /> �� [o read ne follova :
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<br /> ,� SECTION ld ' The Hortgagor v111 not at any timc rmploy , or enter into
<br /> F "' eny contract foc the emptoyment of , nny Feneral manager of the Hortgagor ' a �
<br /> :� syetem or aay peraon exerciein� cm�parable authoriCy [o euch a manager , unless
<br /> 32 such employment ar Ruch contraet ahall firat have been approved by [he cajority
<br /> '; noteholdere . If , during such periada as [he Nor[�agor ehnll be in default in
<br /> 3 the makinR of puyment or pnymente of principal of or interest on one or more of
<br /> `:r the notee or othecviec be in dcfault hereunder , the majority noteholdere nhell
<br /> > ,y nt aop time qive no [ ice to [he Nortgagor thnt in their opinion auch system ia
<br /> ;�; not being efficiently operated and ahall request the terminetion of the �� ior-
<br /> '? ment of eny such manager or peraon exercieing comparable authority , ar shnli
<br /> � k requtet Lhe teimination . of any operaring contrac [ in reapect of any aueh
<br /> � aystem� the HortgaRor vill tetminate such employment or opecatinR contract � , , ,, '
<br /> :? vithia thirty ( 30 ) daye nf [er the dnte oE such no [ iee . All contrncts in re - ?'�„� •�s,,i '�
<br /> ;? spect of the employment �f any such RanaRer or person exercieing compnrsble � �* ;
<br /> ..�i au [horitq , or for the operatfon of . anp aueh apetem , ehall contain proeieione �' `�
<br /> to pernit compliance with the foreRoSng covenante . �' `�
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