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010643
<br />All cash received by the T'rustee pursuant to this Section 1.05 shall be held by the Trustee as part.
<br />of the mortgaged property,-iind shall be applied by the Trustee to the redemption of outstanding Sc�,
<br />ries 14 Bonds, without premium; and the Company shall, in each case prior to the ginking fund
<br />redemption date, pay to tlib Trustee in cash all unpaid inf.crest accrued.on the bonds to be redeemed
<br />through the operation of said sinking fund to the sinking fund redemption date.
<br />All Series 1-1 Bonds redeemed pursuant to this Sec6on 1.05 (except,Scries I -I Bonds redeemed in
<br />part and upon which notatic, ' ns of partial payment are rhade as provide ' d in Section 1.07.licreof) shall.
<br />forthwith be cancelled by the Trustee and shall be delivered to or -upon the written order of the Com-.
<br />p any and shall not be made the basis for issuance of any additional bonds tinder thd Original Inden-
<br />ture, as supplemented and amended.
<br />SECTION 1.06. If less than'all the outstanding Serics'H Bonds are to be redeemed, dic particulai%
<br />bonds to be redeemed in whole or in part shall be designated or selected'by the Trustee by allocating
<br />the aggregate principal amount of bonds to be redeemed among the registered owners thereof pro rata,:
<br />as nearly as practicable, in amounts of $1,000 or any integral multiple thereof, in the proportion that..
<br />the aggregate principal amo ' unt of such bonds held by each such registered owner bears to the ag-
<br />gregate principal amount of such bonds then outstanding.
<br />SECTION 1.07. In the event of the paymeril of a portion of the prin�ipal arnount, of any Bond of'7
<br />Series 1-1 registered in the n ' ame of any initial registered owner in whose name such bonds were firstj
<br />registered, or registered in the name of any subsequent registered owner designated in writing by the'
<br />Company filed with the Trustee and acceptable to the Trustee and stati , ng that the provisions of this
<br />Section 1.07 shall -be applicable thereto, the Trustee shall make payment to such registered owner (or,
<br />to its nominee or to the custodian of its bonds) without requiring presentation of such bond if the,
<br />Company shall certify to the Trustee that it has entered into a written agreement with the owner of'
<br />such Bond that. in the event that such owner shall sell, tr�iisfcr or otherwise dispose of such bond it:
<br />will, prior to the delivery of such bond, (a)�prcsent such bond to the Trustee for appropriate notation:
<br />thereon of the date to which interest has been paid thereon and, if not theretofore inade, a notation,
<br />thereon of the extent to which payment has been made oil account of the principal thereof, or (h) pre --
<br />,cut such bond to the Trustee in exchange for a new bond or bonds of the same series in aggregate
<br />principal amount equal to the,unpaid portion of the bond so presented to,the Trustee..'
<br />A RT I C L E TWO
<br />COVENANTS WITH RE'SPECTTO BONDS OF SERIt-s H
<br />Six-rio% 2.01. The covenants contained in this Arficle Two are for' the exclusive benefit of the,
<br />-ics 1-1. The exclusive right, to mend or waive compliance with such cove
<br />owneis of the Bonds of Set
<br />nants shall be vested solely'ii ' i the owners of not less than three-fourtlis in principal amount of the'�
<br />Bonds' of Series 1-1 then outstandina. No benefits or duties by reason of such covenants shall be
<br />deeined to be conferred upon persons other than the owners of the Bonds of Series 1-1, the Trustee and
<br />-e ained in this Ni-ticle Two -,hall be in addition to all other c velian -
<br />the Company. The co,, niants cont. 0 US
<br />of the Company set, forth ill the Indenture foi, the benefit of the holders of the bonds outstanding
<br />under the Indenture, including the Bonds of Series 11.
<br />Si:(i,iO.N 2.02. The Company will not
<br />(a) declare or pay any dividends, either in cash or propertY, on.any class of its stock, except
<br />dividends payable solely ill common stock of the Company; or
<br />(b� directly or indirectly purchase, redeem or retire any of its stock of any class, except, for
<br />all aggregate amount. of purchases, redemptions or retirements in all arnount not exceeding the
<br />n
<br />net cash procceds from the sale after December 31, 1974 of additional shares of its stock; or
<br />(c) make aily other distribution, either directly oi, indirectly in respect of its stock of any
<br />class; l.
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