EXHIBIT 4(C)3
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MINNESOTA POWER, INC.
(FORMERLY MINNESOTA POWER & LIGHT COMPANY)
TO
THE BANK OF NEW YORK
(FORMERLY IRVING TRUST COMPANY)
AND
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
(SUCCESSOR TO ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇.▇. ▇▇▇▇▇▇,
▇.▇. ▇▇▇▇▇▇, D.W. MAY, ▇.▇. ▇▇▇▇▇▇▇ AND ▇.▇. ▇▇▇▇▇▇▇▇▇▇)
AS TRUSTEES UNDER MINNESOTA POWER,
INC.'S MORTGAGE AND DEED OF TRUST
DATED AS OF SEPTEMBER 1, 1945
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SUPPLEMENTAL INDENTURE
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PROVIDING AMONG OTHER THINGS FOR
FIRST MORTGAGE BONDS, % SERIES DUE
--- -------------
( SERIES)
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DATED AS OF
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SUPPLEMENTAL INDENTURE
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THIS INDENTURE, dated as of , by and between MINNESOTA
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POWER, INC. (formerly Minnesota Power & Light Company), a corporation of the
State of Minnesota, whose post office address is ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (hereinafter sometimes called the "Company"), and THE
BANK OF NEW YORK (formerly Irving Trust Company), a corporation of the State of
New York, whose post office address is ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇
▇▇▇▇▇ (hereinafter sometimes called the "Corporate Trustee"), and ▇▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇ (successor to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇.▇. ▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇▇, ▇.▇. May, ▇.▇.
▇▇▇▇▇▇▇ and ▇.▇. ▇▇▇▇▇▇▇▇▇▇), whose post office address is ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ (said ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ being hereinafter
sometimes called the "Co-Trustee" and the Corporate Trustee and the Co-Trustee
being hereinafter together sometimes called the "Trustees"), as Trustees under
the Mortgage and Deed of Trust, dated as of September 1, 1945, between the
Company and Irving Trust Company and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, as Trustees, securing
bonds issued and to be issued as provided therein (hereinafter sometimes called
the "Mortgage"), reference to which mortgage is hereby made, this indenture
(hereinafter sometimes called the "__________ Supplemental Indenture") being
supplemental thereto:
WHEREAS, the Mortgage was filed and recorded in various official
records in the State of Minnesota; and
WHEREAS, an instrument, dated as of October 16, 1957, was executed and
delivered under which ▇.▇. ▇▇▇▇▇▇ succeeded ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ as Co-Trustee under
the Mortgage, and such instrument was filed and recorded in various official
records in the State of Minnesota; and
WHEREAS, an instrument, dated as of April 4, 1967, was executed and
delivered under which ▇.▇. ▇▇▇▇▇▇ in turn succeeded ▇.▇. ▇▇▇▇▇▇ as Co-Trustee
under the Mortgage, and such instrument was filed and recorded in various
official records in the State of Minnesota; and
WHEREAS, under the Sixth Supplemental Indenture, dated as of August 1,
1975, to which reference is hereinafter made, D.W. May in turn succeeded ▇.▇.
▇▇▇▇▇▇ as Co-Trustee under the Mortgage; and
WHEREAS, an instrument, dated as of June 25, 1984, was executed and
delivered under which ▇.▇. ▇▇▇▇▇▇▇ in turn succeeded D.W. May as Co-Trustee
under the Mortgage, and such instrument was filed and recorded in various
official records in the State of Minnesota; and
WHEREAS, an instrument, dated as of July 27, 1988, was executed and
delivered under which ▇.▇. ▇▇▇▇▇▇▇▇▇▇ in turn succeeded ▇.▇. ▇▇▇▇▇▇▇ as
Co-Trustee under the Mortgage, and such instrument was filed and recorded in
various official records in the State of Minnesota; and
WHEREAS, an instrument, dated as of April 15, 1999, was executed and
delivered under which ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ in turn succeeded ▇.▇. ▇▇▇▇▇▇▇▇▇▇ as
Co-Trustee under the Mortgage, and such instrument was filed and recorded in
various official records in the State of Minnesota; and
2
WHEREAS, by the Mortgage the Company covenanted, among other things,
that it would execute and deliver such supplemental indenture or indentures and
such further instruments and do such further acts as might be necessary or
proper to carry out more effectually the purposes of the Mortgage and to make
subject to the lien of the Mortgage any property thereafter acquired and
intended to be subject to the lien thereof; and
WHEREAS, for said purposes, among others, the Company executed and
delivered the following indentures supplemental to the Mortgage:
DESIGNATION DATED AS OF
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First Supplemental Indenture........................ March 1, 1949
Second Supplemental Indenture....................... July 1, 1951
Third Supplemental Indenture........................ March 1, 1957
Fourth Supplemental Indenture....................... January 1, 1968
Fifth Supplemental Indenture........................ April 1, 1971
Sixth Supplemental Indenture........................ August 1, 1975
Seventh Supplemental Indenture...................... September 1, 1976
Eighth Supplemental Indenture....................... September 1, 1977
Ninth Supplemental Indenture........................ April 1, 1978
Tenth Supplemental Indenture........................ August 1, 1978
Eleventh Supplemental Indenture..................... December 1, 1982
Twelfth Supplemental Indenture...................... April 1, 1987
Thirteenth Supplemental Indenture................... March 1, 1992
Fourteenth Supplemental Indenture................... June 1, 1992
Fifteenth Supplemental Indenture.................... July 1, 1992
Sixteenth Supplemental Indenture.................... July 1, 1992
Seventeenth Supplemental Indenture.................. February 1, 1993
Eighteenth Supplemental Indenture................... July 1, 1993
*
which supplemental indentures were filed and recorded in various official
records in the State of Minnesota; and
WHEREAS, for said purposes, among others, the Company also executed
and delivered a ** Supplemental Indenture, dated as of
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, which was filed and recorded in various official records in the
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State of Minnesota as follows:
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* Here will be inserted additional executed Supplemental Indentures.
** Here will be inserted the most recent executed Supplemental Indenture(s).
3
REGISTRAR
COUNTY IN RECORDER OF TITLES
MINNESOTA DATE DOC. NO. DATE DOC. NO.
--------- ---- -------- ---- --------
Aitkin...............................
▇▇▇▇▇▇...............................
Carlton..............................
Cass.................................
Crow Wing............................
▇▇▇▇▇▇▇..............................
Itasca...............................
Koochiching..........................
Lake.................................
▇▇▇▇▇▇▇▇.............................
Otter Tail...........................
Pine.................................
St. Louis............................
▇▇▇▇▇▇▇..............................
▇▇▇▇.................................
Wadena...............................
Office of Secretary of State of Minnesota; recorded as Document No.
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; and
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WHEREAS, the Company has heretofore issued, in accordance with the
provisions of the Mortgage, as heretofore supplemented, the following series of
First Mortgage Bonds:
PRINCIPAL PRINCIPAL
AMOUNT AMOUNT
SERIES ISSUED OUTSTANDING
------ ---------- -----------
3-1/8% Series due 1975................... $26,000,000 None
3-1/8% Series due 1979................... 4,000,000 None
3-5/8% Series due 1981................... 10,000,000 None
4-3/4% Series due 1987................... 12,000,000 None
6-1/2% Series due 1998................... 18,000,000 None
8-1/8% Series due 2001................... 23,000,000 None
10-1/2% Series due 2005.................. 35,000,000 None
8.70% Series due 2006.................... 35,000,000 None
8.35% Series due 2007.................... 50,000,000 None
9-1/4% Series due 2008................... 50,000,000 None
Pollution Control Series A............... 111,000,000 None
Industrial Development Series A.......... 2,500,000 None
Industrial Development Series B.......... 1,800,000 None
Industrial Development Series C.......... 1,150,000 None
Pollution Control Series B............... 13,500,000 None
Pollution Control Series C............... 2,000,000 None
Pollution Control Series D............... 3,600,000 None
7-3/4% Series due 1994................... 55,000,000 None
4
PRINCIPAL PRINCIPAL
AMOUNT AMOUNT
SERIES ISSUED OUTSTANDING
------ ---------- -----------
7-3/8% Series due March 1, 1997.......... 60,000,000 None
7-3/4% Series due June 1, 2007........... 55,000,000 55,000,000
7-1/2% Series due August 1, 2007......... 35,000,000 35,000,000
Pollution Control Series E............... 111,000,000 111,000,000
7% Series due March 1, 2008.............. 50,000,000 50,000,000
6-1/4% Series due July 1, 2003........... 25,000,000 25,000,000
7% Series due February 15, 2007.......... 60,000,000 60,000,000
6.68% Series due November 15, 2007....... 20,000,000 20,000,000
*
which bonds are also hereinafter sometimes called bonds of the First through
** Series, respectively; and
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WHEREAS, Section 8 of the Mortgage provides that the form of each
series of bonds (other than the First Series) issued thereunder and of coupons
to be attached to coupon bonds of such series shall be established by Resolution
of the Board of Directors of the Company and that the form of such series, as
established by said Board of Directors, shall specify the descriptive title of
the bonds and various other terms thereof, and may also contain such provisions
not inconsistent with the provisions of the Mortgage as the Board of Directors
may, in its discretion, cause to be inserted therein expressing or referring to
the terms and conditions upon which such bonds are to be issued and/or secured
under the Mortgage; and
WHEREAS, Section 120 of the Mortgage provides, among other things,
that any power, privilege or right expressly or impliedly reserved to or in any
way conferred upon the Company by any provision of the Mortgage, whether such
power, privilege or right is in any way restricted or is unrestricted, may (to
the extent permitted by law) be in whole or in part waived or surrendered or
subjected to any restriction if at the time unrestricted or to additional
restriction if already restricted, and the Company may enter into any further
covenants, limitations or restrictions for the benefit of any one or more series
of bonds issued thereunder, or the Company may cure any ambiguity contained
therein, or in any supplemental indenture, or may establish the terms and
provisions of any series of bonds (other than said First Series) by an
instrument in writing executed and acknowledged by the Company in such manner as
would be necessary to entitle a conveyance of real estate to record in all of
the states in which any property at the time subject to the lien of the Mortgage
shall be situated; and
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* Here will be inserted additional executed Supplemental Indentures.
** Here will be inserted the most recent executed Supplemental Indenture(s).
5
WHEREAS, the Company now desires to create new series of bonds
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and (pursuant to the provisions of Section 120 of the Mortgage) to add to its
covenants and agreements contained in the Mortgage, as heretofore supplemented,
certain other covenants and agreements to be observed by it and to alter and
amend in certain respects the covenants and provisions contained in the
Mortgage, as heretofore supplemented; and
WHEREAS, the execution and delivery by the Company of this
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Supplemental Indenture, and the terms of the bonds of the Series,
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hereinafter referred to, have been duly authorized by the Board of Directors of
the Company by appropriate resolutions of said Board of Directors;
NOW, THEREFORE, THIS INDENTURE WITNESSETH:
That the Company, in consideration of the premises and of One Dollar
to it duly paid by the Trustees at or before the ensealing and delivery of these
presents, the receipt whereof is hereby acknowledged, and in further evidence of
assurance of the estate, title and rights of the Trustees and in order further
to secure the payment of both the principal of and interest and premium, if any,
on the bonds from time to time issued under the Mortgage, as heretofore
supplemented, according to their tenor and effect and the performance of all the
provisions of the Mortgage (including any instruments supplemental thereto and
any modification made as in the Mortgage provided) and of said bonds, hereby
grants, bargains, sells, releases, conveys, assigns, transfers, mortgages,
pledges, sets over and confirms (subject, however, to Excepted Encumbrances)
unto THE BANK OF NEW YORK and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, as Trustees under the
Mortgage, and to their successor or successors in said trust, and to said
Trustees and their successors and assigns forever, all property, real, personal
and mixed, of the kind or nature specifically mentioned in the Mortgage, as
heretofore supplemented, or of any other kind or nature acquired by the Company
after the date of the execution and delivery of the Mortgage, as heretofore
supplemented (except any herein or in the Mortgage, as heretofore supplemented,
expressly excepted), now owned or, subject to the provisions of subsection (I)
of Section 87 of the Mortgage, hereafter acquired by the Company (by purchase,
consolidation, merger, donation, construction, erection or in any other way) and
wheresoever situated, including (without in anywise limiting or impairing by the
enumeration of the same the scope and intent of the foregoing or of any general
description contained in this Supplemental Indenture) all lands,
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power sites, flowage rights, water rights, water locations, water
appropriations, ditches, flumes, reservoirs, reservoir sites, canals, raceways,
dams, dam sites, aqueducts, and all other rights or means for appropriating,
conveying, storing and supplying water; all rights of way and roads; all plants
for the generation of electricity by steam, water and/or other power; all power
houses, gas plants, street lighting systems, standards and other equipment
incidental thereto, telephone, radio and television systems, air-conditioning
systems and equipment incidental thereto, water works, water systems, steam heat
and hot water plants, substations, lines, service and supply systems, bridges,
culverts, tracks, ice or refrigeration plants and equipment, offices, buildings
and other structures and the equipment thereof; all machinery, engines, boilers,
dynamos, electric, gas and other machines, regulators, meters, transformers,
generators, motors, electrical, gas and mechanical appliances, conduits, cables,
water, steam heat, gas or other pipes, gas mains and pipes, service pipes,
fittings, valves and connections, pole and transmission lines, wires, cables,
tools, implements, apparatus, furniture and chattels; all municipal and other
franchises, consents or permits; all lines for the transmission and distribution
6
of electric current, gas, steam heat or water for any purpose including towers,
poles, wires, cables, pipes, conduits, ducts and all apparatus for use in
connection therewith; all real estate, lands, easements, servitudes, licenses,
permits, franchises, privileges, rights of way and other rights in or relating
to real estate or the occupancy of the same and (except as herein or in the
Mortgage, as heretofore supplemented, expressly excepted) all the right, title
and interest of the Company in and to all other property of any kind or nature
appertaining to and/or used and/or occupied and/or enjoyed in connection with
any property hereinbefore or in the Mortgage, as heretofore supplemented,
described.
TOGETHER WITH all and singular the tenements, hereditaments,
prescriptions, servitudes and appurtenances belonging or in anywise appertaining
to the aforesaid property or any part thereof, with the reversion and
reversions, remainder and remainders and (subject to the provisions of Section
57 of the Mortgage) the tolls, rents, revenues, issues, earnings, income,
product and profits thereof, and all the estate, right, title and interest and
claim whatsoever, at law as well as in equity, which the Company now has or may
hereafter acquire in and to the aforesaid property and franchises and every part
and parcel thereof.
IT IS HEREBY AGREED by the Company that, subject to the provisions of
subsection (I) of Section 87 of the Mortgage, all the property, rights, and
franchises acquired by the Company (by purchase, consolidation, merger,
donation, construction, erection or in any other way) after the date hereof,
except any herein or in the Mortgage, as heretofore supplemented, expressly
excepted, shall be and are as fully granted and conveyed hereby and by the
Mortgage and as fully embraced within the lien hereof and the lien of the
Mortgage as if such property, rights and franchises were now owned by the
Company and were specifically described herein or in the Mortgage and conveyed
hereby or thereby.
PROVIDED that the following are not and are not intended to be now or
hereafter granted, bargained, sold, released, conveyed, assigned, transferred,
mortgaged, hypothecated, affected, pledged, set over or confirmed hereunder and
are hereby expressly excepted from the lien and operation of this
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Supplemental Indenture and from the lien and operation of the Mortgage, namely:
(1) cash, shares of stock, bonds, notes and other obligations and other
securities not hereafter specifically pledged, paid, deposited, delivered or
held under the Mortgage or covenanted so to be; (2) merchandise, equipment,
apparatus, materials or supplies held for the purpose of sale or other
disposition in the usual course of business; fuel, oil and similar materials and
supplies consumable in the operation of any of the properties of the Company;
all aircraft, rolling stock, trolley coaches, buses, motor coaches, automobiles
and other vehicles and materials and supplies held for the purpose of repairing
or replacing (in whole or part) any of the same; all timber, minerals, mineral
rights and royalties; (3) bills, notes and accounts receivable, judgments,
demands and choses in action, and all contracts, leases and operating agreements
not specifically pledged under the Mortgage or covenanted so to be; the
Company's contractual rights or other interest in or with respect to tires not
owned by the Company; (4) the last day of the term of any lease or leasehold
which may hereafter become subject to the lien of the Mortgage; (5) electric
energy, gas, steam, ice, and other materials or products generated,
manufactured, produced or purchased by the Company for sale, distribution or use
in the ordinary course of its business; and (6) the Company's franchise to be a
corporation; provided, however, that the property and rights expressly excepted
7
from the lien and operation of this Supplemental Indenture and
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from the lien and operation of the Mortgage in the above subdivisions (2) and
(3) shall (to the extent permitted by law) cease to be so excepted in the event
and as of the date that either or both of the Trustees or a receiver or trustee
shall enter upon and take possession of the Mortgaged and Pledged Property in
the manner provided in Article XIII of the Mortgage by reason of the occurrence
of a Default as defined in Section 65 thereof.
TO HAVE AND TO HOLD all such properties, real, personal and mixed,
granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged,
pledged, set over or confirmed by the Company as aforesaid, or intended so to
be, unto the Trustees and their successors and assigns forever.
IN TRUST NEVERTHELESS, for the same purposes and upon the same terms,
trusts and conditions and subject to and with the same provisos and covenants as
are set forth in the Mortgage, as supplemented, this Supplemental
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Indenture being supplemental thereto.
AND IT IS HEREBY COVENANTED by the Company that all the terms,
conditions, provisos, covenants and provisions contained in the Mortgage, as
heretofore supplemented, shall affect and apply to the property hereinbefore
described and conveyed and to the estate, rights, obligations and duties of the
Company and Trustees and the beneficiaries of the trust with respect to said
property, and to the Trustees and their successors in the trust in the same
manner and with the same effect as if said property had been owned by the
Company at the time of the execution of the Mortgage, and had been specifically
and at length described in and conveyed to said Trustees by the Mortgage as a
part of the property therein stated to be conveyed.
The Company further covenants and agrees to and with the Trustees and
their successors in said trust under the Mortgage as follows:
ARTICLE I
SERIES OF BONDS
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SECTION 1. There shall be a series of bonds designated " % Series
-----
due " (herein sometimes referred to as the " Series"),
-------------- ----------
each of which shall also bear the descriptive title "First Mortgage Bond", and
the form thereof, which shall be established by Resolution of the Board of
Directors of the Company, shall contain suitable provisions with respect to the
matters hereinafter in this Section specified. Bonds of the Series
----------
shall be dated as in Section 10 of the Mortgage provided, mature on
, be issued as fully registered bonds in denominations of One
-------------
Thousand Dollars and, at the option of the Company, in any multiple or multiples
of One Thousand Dollars (the exercise of such option to be evidenced by the
execution and delivery thereof) and bear interest [at the rate of % per
-----
annum, payable semi-annually on and of each year]*,
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* Bracketed material to be changed if bonds of the Series to which this
Supplemental Indenture shall relate shall bear interest at a rate which may
be changed during the life of such bonds or if such bonds shall bear
interest payable other than semi-annually.
8
commencing , the principal of and interest on each said bond to
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be payable at the office or agency of the Company in the Borough of Manhattan,
The City of New York, in such coin or currency of the United States of America
as at the time of payment is legal tender for public and private debts.
**(I) Bonds of the Series shall not be redeemable prior to
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.
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**(II) Bonds of the Series shall be redeemable on and
-----------
after , in whole at any time, or in part from time to time, prior
--------------
to maturity, upon notice as provided in Section 52 of the Mortgage mailed at
least 30 days prior to the date fixed for redemption, at 100% of the principal
amount of the bonds to be redeemed together, in each case, with accrued interest
to the date fixed for redemption.
(III) At the option of the registered owner, any bonds of the
Series, upon surrender thereof for cancellation at the office or
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agency of the Company in the Borough of Manhattan, The City of New York,
together with a written instrument of transfer wherever required by the Company
duly executed by the registered owner or by his duly authorized attorney, shall
(subject to the provisions of Section 12 of the Mortgage) be exchangeable for a
like aggregate principal amount of bonds of the same series of other authorized
denominations.
Bonds of the Series shall be transferable (subject to the
----------
provisions of Section 12 of the Mortgage) at the office or agency of the Company
in the Borough of Manhattan, The City of New York.
Upon any exchange or transfer of bonds of the Series, the
-----------
Company may make a charge therefor sufficient to reimburse it for any tax or
taxes or other governmental charge, as provided in Section 12 of the Mortgage,
but the Company hereby waives any right to make a charge in addition thereto for
any exchange or transfer of bonds of the Series.
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Upon the delivery of this Supplemental Indenture and upon
------------
compliance with the applicable provisions of the Mortgage, there shall be an
initial issue of bonds of the Series for the aggregate principal
----------
amount of $ .
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ARTICLE II
DIVIDEND COVENANT
SECTION 2. The Company covenants and agrees that the provisions of
subdivision (III) of Section 39 of the Mortgage, which are to remain in effect
so long as any of the bonds of the First Series shall remain Outstanding, shall
remain in full force and effect so long as any bonds of the First through
Series shall remain Outstanding.
----------
------------------------
** These paragraphs will be omitted or changed if the bonds of the series to
which this Supplemental Indenture shall relate shall not be subject to
redemption or shall be subject to redemption on terms different from those
described above.
9
[ AMENDMENT TO THE MORTGAGE
MEETINGS AND CONSENTS OF BONDHOLDERS
SECTION . Pursuant to the reservation of right in Section 3 of the
--
Fifth Supplemental Indenture dated as of April 1, 1971 and there being no
Outstanding bonds of any series created prior to the Sixth Series, the Company
hereby amends the Mortgage, as supplemented, by substituting for Article XIX
(relating to Meetings and Consents of Bondholders) a new Article XIX to read as
set forth in Section 3 of such Fifth Supplemental Indenture.]*
[ AMENDMENT TO THE MORTGAGE
NUCLEAR FUEL
SECTION . Pursuant to the reservation of right in Section 2 of the
--
Fifth Supplemental Indenture dated as of April 1, 1971 and there being no
Outstanding bonds of any series created prior to the Sixth Series, the Company
hereby amends the Mortgage, as supplemented, as set forth in paragraphs (A), (B)
and (C) of Section 2 of such Fifth Supplemental Indenture (relating to Nuclear
Fuel).]*
ARTICLE III
MISCELLANEOUS PROVISIONS
SECTION 3. Section 126 of the Mortgage, as heretofore amended, is
hereby further amended by adding the words "and ,"** after the words
-----------
"and ."***
---------
SECTION 4. Subject to the amendments provided for in this
Supplemental Indenture, the terms defined in the Mortgage, as
-------------
heretofore supplemented, shall, for all purposes of this
-------------
Supplemental Indenture, have the meanings specified in the Mortgage, as
heretofore supplemented.
SECTION 5. The holders of bonds of the Series consent
-------------
that the Company may, but shall not be obligated to, fix a record date for the
purpose of determining the holders of bonds of the Series entitled
-------------
to consent to any amendment, supplement or waiver. If a record date is fixed,
those persons who were holders at such record date (or their duly designated
proxies), and only those persons, shall be entitled to consent to such
amendment, supplement or waiver or to revoke any consent previously given,
whether or not such persons continue to be holders after such record date. No
------------------------
* The Company may insert the bracketed language in any one Supplemental
Indenture executed after all bonds of the Fifth Series have been retired.
** Here will be inserted the maturity date of the most recent series of bonds.
*** Here will be inserted the maturity date of the series of bonds issued
immediately before the most recent series of bonds.
10
such consent shall be valid or effective for more than 90 days after such record
date.
SECTION 6. The Trustees hereby accept the trusts herein declared,
provided, created or supplemented and agree to perform the same upon the terms
and conditions herein and in the Mortgage set forth and upon the following terms
and conditions:
The Trustees shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental
-------------
Indenture or for or in respect of the recitals contained herein, all of which
recitals are made by the Company solely. In general, each and every term and
condition contained in Article XVII of the Mortgage shall apply to and form part
of this Supplemental Indenture with the same force and effect as
-------------
if the same were herein set forth in full with such omissions, variations and
insertions, if any, as may be appropriate to make the same conform to the
provisions of this Supplemental Indenture.
-------------
SECTION 7. Whenever in this Supplemental Indenture any
-------------
party hereto is named or referred to, this shall, subject to the provisions of
Articles XVI and XVII of the Mortgage, as heretofore supplemented, be deemed to
include the successors or assigns of such party, and all the covenants and
agreements in this Supplemental Indenture contained by or on
-------------
behalf of the Company, or by or on behalf of the Trustees shall, subject as
aforesaid, bind and inure to the benefit of the respective successors and
assigns of such party whether so expressed or not.
SECTION 8. Nothing in this Supplemental Indenture,
-------------
expressed or implied, is intended, or shall be construed, to confer upon, or
give to, any person, firm or corporation, other than the parties hereto and the
holders of the bonds and coupons Outstanding under the Mortgage, any right,
remedy, or claim under or by reason of this Supplemental Indenture
-------------
or any covenant, condition, stipulation, promise or agreement hereof, and all
the covenants, conditions, stipulations, promises and agreements in this
Supplemental Indenture contained by and on behalf of the Company
-------------
shall be for the sole and exclusive benefit of the parties hereto, and of the
holders of the bonds and of the coupons Outstanding under the Mortgage.
SECTION 9. This Supplemental Indenture shall be executed
-------------
in several counterparts, each of which shall be an original and all of which
shall constitute but one and the same instrument.
SECTION 10. The Company, the mortgagor named herein, by its execution
hereof acknowledges receipt of a full, true and complete copy of this
Supplemental Indenture.
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11
IN WITNESS WHEREOF, Minnesota Power, Inc. has caused its corporate
name to be hereunto affixed, and this instrument to be signed and sealed by its
President or one of its Vice Presidents, and its corporate seal to be attested
by its Secretary or one of its Assistant Secretaries for and in its behalf, and
The Bank of New York has caused its corporate name to be hereunto affixed, and
this instrument to be signed and sealed by one of its Vice Presidents or one of
its Assistant Vice Presidents and its corporate seal to be attested by one of
its Assistant Treasurers or one of its Assistant Vice Presidents, and ▇▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇ has hereunto set his hand and affixed his seal, all in The City of New
York, as of the day and year first above written.
MINNESOTA POWER, INC.
By
--------------------------------------
[Name]
[Title]
Attest:
-----------------------------
[Name]
[Title]
Executed, sealed and delivered by MINNESOTA POWER, INC.
in the presence of:
-----------------------------
-----------------------------
▇▇
▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇
as Trustee
By
--------------------------------------
[Name]
[Title]
Attest:
-----------------------------
[Name]
[Title]
--------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Executed, sealed and delivered by THE BANK
OF NEW YORK and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
in the presence of:
-----------------------------
-----------------------------
-----------------------------
13
STATE OF MINNESOTA )
) SS.:
COUNTY OF ST. LOUIS )
On this day of , before me, a Notary Public
----- ----------------
within and for said County, personally appeared and
--------------------
, to me personally known, who, being each by me duly sworn,
-------------------
did say that they are respectively the and the
----------------------
of MINNESOTA POWER, INC. of the State of
-----------------------------
Minnesota, the corporation named in the foregoing instrument; that the seal
affixed to the foregoing instrument is the corporate seal of said corporation;
that said instrument was signed and sealed in behalf of said corporation by
authority of its Board of Directors; and said and
--------------------
acknowledged said instrument to be the free act and deed of
-------------------
said corporation.
Personally came before me on this day of ,
----- ---------------
, to me known to be the , and
-------------------- ------------------------
, to me known to be the , of the
-------------------- -----------------------
above named MINNESOTA POWER, INC., the corporation described in and which
executed the foregoing instrument, and to me personally known to be the persons
who as such officers executed the foregoing instrument in the name and behalf of
said corporation, who, being by me duly sworn did depose and say and acknowledge
that they are respectively the and the
--------------------- -------------------
of said corporation; that the seal affixed to said instrument is the corporate
seal of said corporation; and that they signed, sealed and delivered said
instrument in the name and on behalf of said corporation by authority of its
Board of Directors and stockholders, and said and
--------------------
then and there acknowledged said instrument to be the free
-------------------
act and deed of said corporation and that such corporation executed the same.
On the day of , before me personally came
----- ---------------
and , to me known, who, being by me duly
-------------------- -------------------
sworn, did depose and say that they respectively reside at
, and
---------------------------------------
; that they are respectively the
----------------------------------------
and the of MINNESOTA POWER, INC.,
-------------------- -----------------------
one of the corporations described in and which executed the above instrument;
that they know the seal of said corporation; that the seal affixed to said
instrument is such corporate seal; that it was so affixed by order of the Board
of Directors of said corporation, and that they signed their names thereto by
like order.
GIVEN under my hand and notarial seal this day of .
----- -------------
--------------------------------------
Notary Public
▇▇
▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ )
) SS:
COUNTY OF NEW YORK )
On this day of , before me, a Notary Public within
----- --------------
and for said County, personally appeared and
--------------------
, to me personally known, who, being each by me duly sworn,
-------------------
did say that they are respectively a and an of
--------------- ----------------
THE BANK OF NEW YORK of the State of New York, the corporation named in the
foregoing instrument; that the seal affixed to the foregoing instrument is the
corporate seal of said corporation; that said instrument was signed and sealed
in behalf of said corporation by authority of its Board of Directors; and said
and acknowledged said instrument to be
-------------------- -------------------
the free act and deed of said corporation.
Personally came before me on this day of ,
----- --------------
, to me known to be a , and
-------------------- ------------------
, known to me to be an , of the above
-------------------- ------------------
named THE BANK OF NEW YORK, the corporation described in and which executed the
foregoing instrument, and to me personally known to be the persons who as such
officers executed the foregoing instrument in the name and behalf of said
corporation, who, being by me duly sworn did depose and say and acknowledge that
they are respectively a and an of said
----------------- ----------------
corporation; that the seal affixed to said instrument is the corporate seal of
said corporation; and that they signed, sealed and delivered said instrument in
the name and on behalf of said corporation by authority of its Board of
Directors, and said and then and there
-------------------- -------------------
acknowledged said instrument to be the free act and deed of said corporation and
that such corporation executed the same.
On the day of , before me personally came
----- ---------------
and , to me known, who, being by me duly
-------------------- -------------------
sworn, did depose and say that they respectively reside at
, and ;
-------------------------------- ---------------------------------------
that they are respectively a and an of
----------------- --------------------
THE BANK OF NEW YORK, one of the corporations described in and which executed
the above instrument; that they know the seal of said corporation; that the seal
affixed to said instrument is such corporate seal; that it was so affixed by
order of the Board of Directors of said corporation, and that they signed their
names thereto by like order.
GIVEN under my hand and notarial seal this day of .
----- -------------
--------------------------------------
Notary Public, State of ▇▇▇ ▇▇▇▇
▇▇
▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ )
) SS:
COUNTY OF NEW YORK )
On this day of , before me personally
----- -------------------
appeared ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, to me known to be the person described in and who
executed the foregoing instrument, and acknowledged that he executed the same as
his free act and deed.
Personally came before me this day of , the above
----- --------------
named ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, to me known to be the person who executed the
foregoing instrument, and acknowledged the same.
On the day of , before me personally came ▇▇▇▇▇▇▇
----- --------------
▇. ▇▇▇▇▇▇▇▇, to me known to be the person described in and who executed the
foregoing instrument, and acknowledged that he executed the same.
GIVEN under my hand and notarial seal this day of .
----- ----------------
--------------------------------------
Notary Public, State of New York
