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<br />AFtTICI,E I
<br />DESCttIPTie3N OF BONDS OF THE SERIES DUE 144$
<br />78- ~83~?
<br />S~eTtoN I. The Company hereby treater a new series of bonds to be known as "First Mortgage
<br />Bonds, 9.85, Series due 1498". The Bonds of the Series due 1448 shall be executed, authenticated aad
<br />delivered in acxordance with the provisions of, and shall in all respects be subject to, all of the terms,
<br />conditions and covenants of the Indenture. The aggregate principal amount of the Bonds of the Series due
<br />1998 is unlimited except as the principal amount of all bonds is limited by the Indenture.
<br />Each of the Bands of the Series due 1498 shalt be dated as of the interest payment date thereof an
<br />which interest was paid next preceding the dace of issue, unless (a) issued on an interest payment date
<br />thereof on wlilch interest was paid< in which event it shad be dated as of the date of issue, ar (b} issued
<br />prior to the occurrence of any interest payment date thereof on which interest was paid, is which event it
<br />shall be dated December i, 1478; shall mature Decemher i, 1948; and shall bear interest at the rate of
<br />nine and eighty-five hundredths per ceatum (9.$5°k} per annum, payabie setni-annually on the first day of
<br />June and the first day of Decen'iizer in each year. The Bonds of the Series due 1498 shall ~ payabie as to
<br />principal and interest in any coin or currency of the United States of America which at the time of payment
<br />is legal tender for public and private debts, and shall Ise payable (as to the interest thereon as wall as the
<br />principal thereof} at the office er agency of the Company in the City of Chicago, Illinois, or at the afftee as
<br />agency of the Company in the Borough of Manhattan, the City of New York, State of New York.
<br />Anything oontained itt Section I Q of Article I of the Original Indenture noewithstandutg, only the persons
<br />3B whose names Bonds of the Series due 1448 are registered at the close of business on the tt:mrd date (as
<br />hereinafter defined `, with respect to any interest payment date shall be entitled to receive the interest
<br />payable on such interest paymen€ date notwithstanding ette canceliatian of any such bonds upon an,
<br />Ilse remr~ .. pn.,. , paym__,
<br />transfer ar exchange subsequent to a date a^d - ., .,ach Interest P^* date; provided, that
<br />if and to the extent the Company shall default is the payment of interest due on such interest payment
<br />date, such defaulted interest shall be paid to she persons in whose names outstanding Bonds of?he Series
<br />due 1948 are registered on the date of payment of such defaulted interest.
<br />The term "record dace" as used in this Section with respet7 *.o any interest payment date shall mean
<br />*_he Iwlay IS or November i5. as the case may be, next preceding such interest payment date, or, if suds
<br />May l3 ar November l7 shad be a legal holiday or a dap on which bani~ussg insti*tstians in the Cit}% aF
<br />Chicago, Illinois, or in the Borough of Manhattan, the City of New York, State of New Yark, are
<br />authar.=,ed by law to close, t?:eu the next preceding day which shall not be a Legal holiday ar a day on
<br />wlsich such institutions are sa autlsorized to dose.
<br />SECTSON 3. The Bands of the Series due i 498 shall he issued only as registered bonds without coupons
<br />of the denomination of Sl,t?t~), or any multiple of $1,Oa0, numbered R-1 aad ransecutively upwards,
<br />without regard tv the denotninatian thereof.
<br />The Company shall not tae required to make regisuations, exchanges or uansfets of any of the Bonds
<br />of the Series due 1998 during a period of nfteen (l5) da}~s next preceding nay selection of Bands of the
<br />Series due 1498 for redemption. Subject to the provisions of Section li) and of the last sentence oFSection
<br />i 1 of Article i of the O;~git<a'• In-,IRnt~r~, &ands of the Series due 1498 shall be exchangeable, whetlser or
<br />not itt connection with a uan for. upon surrender thereof at the principal office of the Trustee For the time
<br />beitsg hereunder far Bonds ei the Series due 1998 of the same aggregate principal amount but of different
<br />authorised denomination or denominations, su~la exchanges to be made rvithaut charge (except far any
<br />stamp tact or other goc°ernmtntal charge?
<br />SECTttsN 3. The Bonds oFthe Series due 1448 and the Trustee`s Certificate shaII be substantially in the -
<br />follawing forms respec'ively ;awed any of the provisions of the Bonds of the Series due 194$ may be set
<br />forth on tlse reverse side thereof):
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