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to such pmport~a of 354 ro of the fixed tsngible property, Plant aad equipment { as shown by zhe books of
<br />the Company) as the first day of the then current calendar yeaz as is represented by the eatio of the
<br />number of full months {from the I>egianing of the then current calendar year to the date of the proposed
<br />payment of such dividend or making of such distributicn or acquisition) to twelve months.
<br />ARTICLE V'
<br />SPECIAL PROVISIONS FOR RET[Rc~A1EN't OF $ONi3S
<br />SECTION 1. The provisions of Article IX of the Original Indenture, as aatended by Section 8 of Article
<br />N of the Suppiemen[ai Indenture dated October 1, 1446, are {so Song as any Bonds of the Series due 1998
<br />shall be outstanding), wi[h respect to moneys received by the Truster, under said Article IX pursuant to the
<br />provisions of Section I of Article VII of the Original Indenture, as amended by Section 4 of Article IV of
<br />the Supplemental Indenture dated October t, 1946, expressly made subject to the provisions of Article III
<br />taereof with respect to the price at which, aad the conditions under which, Bonds of the Series due 1998 are
<br />redeemable by the use of such moneys.
<br />The provisions of Article IX of the Original Indenture, as amended by Section 8 of Article TV of the
<br />Supplemental Indenture dated October I, 1946, are {so tang as nay Bands of the Series due 1998 shall be
<br />outstanding), with respect ifl moneys received by the Trustee pursuant to the provisions of Section 3 of
<br />Article VIII of the Original Indenture, as amended by Section 7 of Article IV of the Supplemental
<br />Indenture dated October i, 1946, and with respect to moseys received by the Trustee pursuant to the
<br />provisions of Section 2 of this Article V, expressly made subject [o the provisians of Article III hereof and
<br />the provisions of Section 3 of this Artieie V with respect to the price at which, and the conditions under
<br />which, Bonds of Ilse Series due 1998 are redeemable by the use of any of such moneys.
<br />The rights of the Company with respect to the withdrawal aad application of moneys herd by tl+~
<br />T^astee under ;~ a_1e I_x_ cf the Original Indenture, as amended by Section 8 of Article IV of the
<br />Supplemental Indenture dated October t, 1946, are expressly made subject to the provisions of Section 2
<br />and Seetian 3 of this Article Y.
<br />S€~lox 2. The Company wveaaats that, so long as any Bonds of ttse Series due 1998 are
<br />outstanding, it will comply wi[h the covenants contained in Section 3 of Article VI of the Supplemea[ai
<br />Indenture dated October I, 1946, eves though no Bonds of the Series due 1973 are outstanding, and the
<br />provisions of said SeMioa 2 of Article V7 shall be deemed to continue in force and be applicable to the
<br />Bonds of the Series due 1998, even though ao Bonds of the Series due 1973 are ouLraading.
<br />S€crtex 3. Cash received by the Trustee as the proceeds of any transaction within the scope of
<br />Section 2 of this Article V shalt not be applied to any purpose other than the redemptien of bends
<br />outstanding under the Indenture unless the tota~ amount of such prwxeds wtsich the Company shall have
<br />received or have become entitled to receive dtl:u,g any ;,alendar year shat agg_*egate ins than Five
<br />Hundred Thousand Ilollars {$SQO,gdtl). Subject *.o the foregoing, sash proceeds shaft be herd, used aad
<br />agplied as she proceeds of released property pursuant to the provisions of Article IX of the Original
<br />Indenture, as amended by Section 8 of Article IV of the Supplemental Indenture dated October 1, 1946,
<br />but if the Company shall elect to have such proceeds or nay part thereof applied to ehe redemption of
<br />$.~:nds of the Series due 3998, the redemption price therefor shall be the *edemgtion price as ~t forth in
<br />Section 2 of Article III hereof.
<br />ARTICLE Vi
<br />CONVEYANCE OF AnnmaNAl PROPERTY
<br />The Company has given, granted; bargained, sold, transferred, assigned, pledged, mortgaged-and .
<br />warranted the title to and conveyed, and by these presents does give, great, bargain, sett. transfer, assign,
<br />pledge, mortgage aad wsrrant the tide to and convey, unto she Trustees, their successors and assigns, in
<br />trust, aIi the right, title aad i;,tetest cf the Company ~ aad to all and singular the following described
<br />PmP~Y-
<br />1~
<br />
<br />d~ _
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