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<br />If redeemed during the twelve months' period beginning the Srst day of December of the year:
<br />197$ ...................................... I09.850°,0 1988....................................-. 104.6b6gc
<br />I9?9_ .................................... 104.332 1989..........._...........---....,...... 104.147°b
<br />1980 ....................................... 108.873°k I990...................................... 103.629°b
<br />i98i ...................................... 108.245 1991...................................... 103.111`
<br />1982 ...................................... i07.77b% 1992...................................... 102.592ro
<br />1983 ...................................... 107.258K 1993...................................... 102.074
<br />i g84..........._ ......................... 106.740x0 1494....,......-.......................... I O I.555°h
<br />1985 ...................................... 106.221 ~ E995............-......................... i01.037°~0
<br />1986 ...................................... 105.703`'0 1996...................................... 100.519
<br />19$7 ...................................... IOS.I84x0 294?......°-.......................,.,... tG0.0000k
<br />together, in each case, with accrued interest to the redemption date; provided, however< that none of the
<br />Bonds of the Series due 1998 may be redeemed pursuant to this Section prier to December 1, 1488, if the
<br />redemption is directly or indirectly a part of, or in anticipation of, any refunding operation involving the
<br />incurring of indebtedness which has an effective interest cost to the Company (determined in accordance
<br />with generally accepted financial practice) of less than 9.85x0: and provided, further, thae none of the
<br />Bonds of the Series due 19°8 may he redeemed pursuant to this Section prior to December I, 148$, by
<br />operation of the maintenance and renewal fund provided fcr by Section 1 of Article VII of the €?riginal
<br />Indenture, as amended by Section 4 of Atticle IV of the Supplemental Indenture dated f7ctaber 1, 194E.
<br />S>:t'Ttont Z. tipan the notice and in the manner and with the effect provided in Article ~` of the
<br />Original Indenture, as amended by Section 3 aC this Attide III. any of the Bonds of the Series due 1998
<br />shall be redeemab3e (a) on the first day of December ir. each year, commencing in 1983, by operation of
<br />the sinking fund provided for in Section 1 of Article I V hereof. and { b) at any ume and from time to rime
<br />(I ), at the option of the Company. out of moneys aggregating less than $500,000 received by the Trustee
<br />durng ary calendar year, pursuant to the provisions of Article VIII of the Indenture, as proceeds of
<br />property taken by the power of eminent domain or sold as provided in Section 2 of Article V hereof, oa
<br />(II) out of moneys aggregating 5500,000 ar more received by the Trustee doting any calendar year,
<br />pursuant to the provisions of Article VIII of tite Indenture, as proceeds of prapvtty taken by the power of
<br />eminent domain or sold as provided in Section ~ of Article V hereof, in each such case upon payment of
<br />lie prir,.apal amount tereaf together u°itlt acc?ved interest to the redemption date.
<br />S~crtox 3. Whenever the Campanv shall propose to redeem Tess than all of_the outstanding Bonds of
<br />the Series due 1998 on any redemption date, the Trustee. instead of selecting by lot, shall select the serial
<br />numbers of the Bonds of the Series due 1998 to be redeemed ! in whole or in pan} by prorating, as nearly
<br />as may be, the aggregate principal amount of the Bonds of the Series due 149fi to be redeemed among the
<br />registered owners of the Bands of the Series due 1998 according to the principal atnounts thereof registered
<br />in then respective names. In any such proration, the Trustee shalt make such adjusemen*.s, realfocatians
<br />and eliminatiars as it shall deem proper to the end that the grincipal amount of the Bands of the Series
<br />due I948 so prorated to any registered owner of the Bands of the Series due I998 shall be S1,000 or a
<br />multiple thereof, by increasing ar decreasing or eliminating the amount which would be allocable to any
<br />such reo~zt;,red owner on the basis of exact tampottion by an amount not exceeding S1,G00. The Ttvstee in
<br />its discretion may determine the parsicular Bands of the Series due 1998 (if there are more than one)
<br />registered in the name of any registered owner which ase to be redeemed, ht whole or an part. In any
<br />deterrnittat:~n by proratitron pursuant w this Sec±+on, Bands of the Series due 1998 hetd by the Company
<br />shalS net be considered outstanding and shall be excluded in making the determination of the Roads of the
<br />Series doe I998 to be redeemed.
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