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<br /> wh�irh sha1T have elapsed during said peri�d beginnirmg January 1 , 1946, and ( b ) the amount. if �ny, equal , } ' ' f ' "�"
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<br /> qa such peapartican ot' 3'�� of zhe hxed tangi6le prvp�e;zy, plarYt and equdpmenx -(as shown by the bcsoks pf - � ��� �� � � � "��� � '�r ,r ' a
<br /> ' the4 CompanY ) �� the firsa day oi' �lie then cursenc :c�lendas. year as is reprasented by tt�e ratio : oC th� � ` '� '� ,�, "" r" N ,� �;`�
<br /> �� � nu�nber oi"�fuYI mr�nths ( frorn the beginr�ing� of the tt�en current �calendar� year to the date��o£ the proposed ��� � � ` ' ` r{ �' " ' ' ` ���� ' tit�
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<br /> payanent o€ such dividend or making af such distril:udon ur acqccisition ) ta twelve manths. � , r < , .
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<br /> � � ARTI�CLE Y N f ; I � ` ), � ���' r ;
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<br /> � ��� �.� $PECIAL ��PROVI510NS FO[t RE'CIREMENF (1F BOTiDS �� �� . ! r ri+ � r �"n `+` r�f
<br /> : � . . . . . � . . "�� d`� 1 � �k � Vi
<br /> SEcncsrt 1 . The prvvisions of Anicie 17( of che Oci�;inai Ind�'nsuce, as:amec�ded by Section 8 of ArtieIe t` ` � � ' ` A � � � � � xs �� 'N
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<br /> 1Y oCthe Supplementa} Indentare daced C)ctober 1 , [ �4b, c+re ( so tcmg as any Bcands of xhe.5eries due ?007 , ' ' � ' '�'
<br /> : i�ev � �, , n ;
<br /> sh2�li be o��tandidg ), with respect xQ mo�eys rec�ivec9 by the Truszee undet stsid !�r[icle IX �.sursuaa2. ta the � � , � �, ' �t;r '
<br /> prc+visions of Section 1 of Articte VII of the Originai 'indencure; ,as amehded by Section 4 of Anict�: IV aF , ' ` , ., , ; r
<br /> the Sappiemencal lndenture dated Ocwber l ; 1446, expressiy rnade subject to the pravisio�as of t�rticle III , � , ' , ;, ! �`� ;;
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<br /> heFeof with respect ,ta the price at wtxich, and the condidons under which, ' Bonds af the 5eries due 2007 are ; � ; ' 't � s „ , , rt �� ?',
<br /> 7CC'�CCII13bj.E� �.ly t�lE ll5C Or SY1Ci1 IIIOIIC'�YS. �� �.. . . � ..� `*' ., r f � , ' r ' "� �i
<br /> � � � � ��,� ,,i f �$�. i Pa � +7.a 4v `.�
<br /> ' The, provisions of Articie IX of xhe �riginal Inci.enture, as amended by 5ecuon 8 of Article IY of the `v� , i�, `� ° � . ; t ,r,� �s��
<br /> Supplementa[ Inde�tare daced Occober 1 , 194ti, are +� so long as axiy Bonds of the< Series due 2007 shalt be • ; �; " ' , � �; ` � ^ �' ,`u� `"'-
<br /> � , outstanding), with respeccto moneys received ' by ti3e '.Trustee.pu.rsuant to the provisi�ns oi' Secd�on 3 af ,i �'�i ' ry r' ` '« ��ir'°
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<br /> Article VIII aF the Glriginal Indenture, as ameuded by Section ? af Article <IV of the; 5upplemental ,r* , � as % ; ' � ���, $ r:�
<br /> Indenture dated Octaber i _ ,i946, and with respecrto mon�ys rrceived by the Trustee �nrsuanc : to the '. > � i ' � "
<br /> provisions of Secuon 3 of ttus Anide V, expressly made subject to the pravisions oF Article III hereof. and : 3 '� t ' ` ' � �' ' '" r��T
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<br /> {he provisions of5ectic�n 3 ' of this Articie V wlch respecc [a the _price ac which, and the coaditions ' nnder . P , { � ,`� h ' s ,y . ` �'4���Ye
<br /> which, Bonds of the Series due 2007 are redeemable by [he use c.�f any �of such moneys. ' ;r � < _; k
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<br /> The rights of the Company with respect ta die withdrawat and applicauon ,of moneys hetd by the ; �5,� ; �`, ' , 5 ' s� ' r,^, i
<br /> Trustee under Article IX of the Original lndenture;; as amencFed by :- Section & oF Artirle IY ° of the Y , -r� �° '> � ` r`; '�;
<br /> Supplemea�l Inden[ure dazed October 2 , d946, are expressly made subject to 1he provisions of Section 2 ` ' `��� F , '; , , ;' �'��'�_.
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<br /> and Sectioa 3 of this Article V. � "� , `' �`'`
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<br /> Sac�rtoN 2. The Cornpany covenancs 1hat, so ]ong as any Bonds of the Series due 2(307 are � `� ' rr , ` y �� tn
<br /> outstandiag, it will comply wizh the covenants contained in Section 2 of Article YI of the Supplesnental i�� � ' ' ' 4i� ' �� l ,*c��,:
<br /> Indenture .dated Qcrober 1 , 1946, even though no Bonds of the Series due 19'73 are ou[szaadingrand tht � �Y � � r ' ' � ;� { ,'� °:
<br /> ravisions pf said Section 2 of Artecle �I shall be cfeemed to cozadnue in force and be appl�cabie : ta the " ' '
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<br /> Bonds of the Series due 20C)7, even though noBonc�s of the Series due I973 are outstandiag. , � ' ` � �� �
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<br /> SEcrioN 3. ,Cash reeeived by the Trustee as s6e proc:eeds of any uansaction wittucc the seope of � ' `; ' ' ' ` ,1 'r`,
<br />, Section 2' of this Articie v shall nof be applied �o any purpose other than the redemprion oF: bonds ' ��`` , ,; u < , � � '-,
<br /> outstanding under the Indenture unless the total amoune of such. proceeQs which'che Company shall hav+e ' � r , , 1�'�;:
<br />� received or have becxime enuded _to receive daring, any calendar year shaii aggregate 19ess than Five " " a' ` `
<br /> �� � � k � i
<br /> Hundred Thousand DoUars ' ( $500;000 ) . Subjea to the foregoing, such procezds shall be`t�eld, used and , ' ':
<br /> applied as' the proceeds of released ;property purssaant to the provisious of Anicle FX of iha Original ` r " � ; ` � ; `
<br /> Indenture, as amended by Section 8 of Aruele IV of the Suppfe�entaLIndenture dated Qcaoberl i , 1946, : ` ' �"' �:
<br />� buz if the Compaay sha11 elect ' to: have such proceeds or any pasi thereaf applie�i to tfie redemption of ' ' � ` ` � ''
<br /> Bomds o(-the Serierdue 20Q7, the'redempuon price therefor shaii be the redeanption price as sea farth in ' ' ' ,, :':
<br />, � , . � . ��. -1
<br /> . . . . . . . . . . . . . � . , : , . .�� . , . . m:.
<br /> Sec�ion 2 of Article III hereof. '. ,
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<br /> ARTJCLE VI ':
<br /> � � � � � CONVEYANCE . OF AL�ll17YO1V,�L� PROPERTY � �� � � � � ' r �
<br />� The Company;has given, gransed, bargained, sold, transferred, assigned, pledged, tr�ortgpged and ' `
<br /> warrant�d the utle to and conveyeci, ancr �y these presenu c3oes ,�ve, ;rant, bargain, seii; tr�nsf'er, assign. � :
<br /> pledge, mortgage and warrant the title to and convey, unto the '�'rustees, their successors a.nd assigns, in , � ;
<br /> tr�sst, all the ri�ht, tid� anci intemst of :he Comps�)' in and te � 11 and sinoular the Frllow�ing described 4 "
<br />� • property: ' 3
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<br /> �� : �,- < �,'"��` '�pe � ���������� �90 h�3�, ����. wh�4 kx .. .s., ,x,�„s�,.
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