EX-4.1 2 d441492dex41.htm FIFTY-FIRST SUPPLEMENTAL INDENTURE Fifty-first Supplemental Indenture

Exhibit 4.1

This instrument was prepared

under the supervision of:

Kristen B. Parker, Associate General Counsel

Florida Power Corporation

d/b/a Progress Energy Florida, Inc.

299 First Avenue North

St. Petersburg, Florida 33701

 

 

 

FLORIDA POWER CORPORATION

d/b/a PROGRESS ENERGY FLORIDA, INC.

TO

THE BANK OF NEW YORK MELLON, TRUSTEE

 

 

FIFTY-FIRST

SUPPLEMENTAL INDENTURE

Dated as of November 1, 2012

 

 

This is a security agreement covering personal property as

well as a mortgage upon real estate and other property.

SUPPLEMENT TO INDENTURE

DATED AS OF JANUARY 1, 1944, AS SUPPLEMENTED

 

 

 

 

NOTE TO RECORDER:    Nonrecurring Intangible Taxes and Documentary Stamp Taxes have been collected by the Pinellas County Circuit Court Clerk. With respect to the Nonrecurring Intangible Taxes due, the Intangible Tax Base was calculated in compliance with Subsections (1) and (2) of Section 199.133 of the Florida Statutes and is $57,460,000.


TABLE OF CONTENTS*

 

     Page  

Recitals

     1   

Granting Language

     4   

Article I—The New Series Bonds

     5   

A. Creation of First Mortgage Bonds, 0.65% Series Due 2015

     5   

B. Creation of First Mortgage Bonds, 3.85% Series Due 2042

     9   

C. Form of the New Series Bonds

     13   

D. Interest on the New Series Bonds

     19   

Article II—Additional Covenants

     20   

Article III—Sundry Provisions

     20   
EXHIBITS:   

Exhibit A—Recording Information

     A-1   

Exhibit B—Property Descriptions

     B-1   

 

* The headings listed in this Table of Contents are for convenience only and should not be included for substantive purposes as part of this Supplemental Indenture.

 

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RECITALS

SUPPLEMENTAL INDENTURE, dated as of the 1st day of November 2012, made and entered into by and between FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC., a corporation of the State of Florida (hereinafter sometimes called the “Company”), party of the first part, and THE BANK OF NEW YORK MELLON (formerly known of record as The Bank of New York), a New York banking corporation, whose post office address is 101 Barclay Street, New York, New York 10286, as successor trustee (hereinafter sometimes called the “Trustee”), party of the second part.

WHEREAS, the Company has heretofore executed and delivered an indenture of mortgage and deed of trust, titled the Indenture, dated as of January 1, 1944, and the same has been recorded in the public records and on the dates listed on Exhibit A hereto, and for the purpose of preventing the extinguishment of said Indenture under Chapter 712, Florida Statutes, the above-referred-to Indenture applicable to each county in which this instrument is recorded is hereby incorporated herein and made a part hereof by this reference thereto (said Indenture is hereinafter referred to as the “Original Indenture” and with the below-mentioned fifty Supplemental Indentures and this Supplemental Indenture and all other indentures, if any, supplemental to the Original Indenture collectively referred to as the “Indenture”), in and by which the Company conveyed and mortgaged to the Trustee certain property therein described to secure the payment of all bonds of the Company to be issued thereunder in one or more series; and

WHEREAS, pursuant to and under the terms of the Original Indenture, the Company issued $16,500,000 First Mortgage Bonds, 3 3/8% Series due 1974; and

WHEREAS, subsequent to the date of the execution and delivery of the Original Indenture, the Company has from time to time executed and delivered fifty indentures supplemental to the Original Indenture (together with this Supplemental Indenture, collectively, the “Supplemental Indentures”), providing for the creation of additional series of bonds secured by the Original Indenture and/or for amendment of certain terms and provisions of the Original Indenture and of indentures supplemental thereto, such Supplemental Indentures, and the purposes thereof, being as follows:

 

Supplemental Indenture

and Date

  

Providing for:

First
July 1, 1946

   $4,000,000 First Mortgage Bonds, 2 7/8% Series due 1974

Second
November 1, 1948

   $8,500,000 First Mortgage Bonds, 3 1/4% Series due 1978

Third
July 1, 1951

   $14,000,000 First Mortgage Bonds, 3 3/8% Series due 1981

Fourth
November 1, 1952

   $15,000,000 First Mortgage Bonds, 3 3/8% Series due 1982

Fifth
November 1, 1953

   $10,000,000 First Mortgage Bonds, 3 5/8% Series due 1983

Sixth
July 1, 1954

   $12,000,000 First Mortgage Bonds, 3 1/8% Series due 1984

Seventh
July 1, 1956

   $20,000,000 First Mortgage Bonds, 3 7/8% Series due 1986, and amendment of certain provisions of the Original Indenture

Eighth
July 1, 1958

   $25,000,000 First Mortgage Bonds, 4 1/8% Series due 1988, and amendment of certain provisions of the Original Indenture

Ninth
October 1, 1960

   $25,000,000 First Mortgage Bonds, 4 3/4% Series due 1990

Tenth
May 1, 1962

   $25,000,000 First Mortgage Bonds, 4 1/4% Series due 1992

Eleventh
April 1, 1965

   $30,000,000 First Mortgage Bonds, 4 5/8% Series due 1995

Twelfth
November 1, 1965

   $25,000,000 First Mortgage Bonds, 4 7/8% Series due 1995


Supplemental Indenture

and Date

  

Providing for:

Thirteenth
August 1, 1967

   $25,000,000 First Mortgage Bonds, 6 1/8% Series due 1997

Fourteenth
November 1, 1968

   $30,000,000 First Mortgage Bonds, 7% Series due 1998

Fifteenth
August 1, 1969

   $35,000,000 First Mortgage Bonds, 7 7/8% Series due 1999

Sixteenth
February 1, 1970

   Amendment of certain provisions of the Original Indenture

Seventeenth
November 1, 1970

   $40,000,000 First Mortgage Bonds, 9% Series due 2000

Eighteenth
October 1, 1971

   $50,000,000 First Mortgage Bonds, 7 3/4% Series due 2001

Nineteenth
June 1, 1972

   $50,000,000 First Mortgage Bonds, 7 3/8% Series due 2002

Twentieth
November 1, 1972

   $50,000,000 First Mortgage Bonds, 7 1/4% Series A due 2002

Twenty-First
June 1, 1973

   $60,000,000 First Mortgage Bonds, 7 3/4% Series due 2003

Twenty-Second
December 1, 1973

   $70,000,000 First Mortgage Bonds, 8% Series A due 2003

Twenty-Third
October 1, 1976

   $80,000,000 First Mortgage Bonds, 8 3/4% Series due 2006

Twenty-Fourth
April 1, 1979

   $40,000,000 First Mortgage Bonds, 6 3/4-6 7/8% Series due 2004-2009

Twenty-Fifth
April 1, 1980

   $100,000,000 First Mortgage Bonds, 13 5/8% Series due 1987

Twenty-Sixth
November 1, 1980

   $100,000,000 First Mortgage Bonds, 13.30% Series A due 1990

Twenty-Seventh
November 15, 1980

   $38,000,000 First Mortgage Bonds, 10-10 1/4% Series due 2000-2010

Twenty-Eighth
May 1, 1981

   $50,000,000 First Mortgage Bonds, 9 1/4% Series A due 1984

Twenty-Ninth
September 1, 1982

   Amendment of certain provisions of the Original Indenture

Thirtieth
October 1, 1982

   $100,000,000 First Mortgage Bonds, 13 1/8% Series due 2012

Thirty-First
November 1, 1991

   $150,000,000 First Mortgage Bonds, 8 5/8% Series due 2021

Thirty-Second
December 1, 1992

   $150,000,000 First Mortgage Bonds, 8% Series due 2022

Thirty-Third
December 1, 1992

   $75,000,000 First Mortgage Bonds, 6 1/2% Series due 1999

Thirty-Fourth
February 1, 1993

   $80,000,000 First Mortgage Bonds, 6-7/8% Series due 2008

Thirty-Fifth
March 1, 1993

   $70,000,000 First Mortgage Bonds, 6-1/8% Series due 2003

Thirty-Sixth
July 1, 1993

   $110,000,000 First Mortgage Bonds, 6% Series due 2003

Thirty-Seventh
December 1, 1993

   $100,000,000 First Mortgage Bonds, 7% Series due 2023

Thirty-Eighth
July 25, 1994

   Appointment of First Chicago Trust Company of New York as successor Trustee and resignation of former Trustee and Co-Trustee

 

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Supplemental Indenture

and Date

  

Providing for:

Thirty-Ninth
July 1, 2001

   $300,000,000 First Mortgage Bonds, 6.650% Series due 2011

Fortieth
July 1, 2002

   $240,865,000 First Mortgage Bonds in three series as follows: (i) $108,550,000 Pollution Control Series 2002A Bonds due 2027; (ii) $100,115,000 Pollution Control Series 2002B Bonds due 2022; and (iii) $32,200,000 Pollution Control Series 2002C Bonds due 2018; and reservation of amendment of certain provisions of the Original Indenture

Forty-First
February 1, 2003

   $650,000,000 First Mortgage Bonds in two series as follows: (i) $425,000,000 4.80% Series due 2013 and (ii) $225,000,000 5.90% Series due 2033; and reservation of amendment of certain provisions of the Original Indenture

Forty-Second
April 1, 2003

   Amendment of certain provisions of the Original Indenture; appointment of Bank One, N.A. as successor Trustee and resignation of former Trustee; and reservation of amendment of certain provisions of the Original Indenture

Forty-Third
November 1, 2003

   $300,000,000 First Mortgage Bonds, 5.10% Series due 2015; and reservation of amendment of certain provisions of the Original Indenture

Forty-Fourth
August 1, 2004

   Amendment of certain provisions of the Original Indenture

Forty-Fifth
May 1, 2005

   $300,000,000 First Mortgage Bonds, 4.50% Series due 2010

Forty-Sixth
September 1, 2007

   $750,000,000 First Mortgage Bonds in two series as follows: (i) $250,000,000 5.80% Series due 2017 and (ii) $500,000,000 6.35% Series due 2037

Forty-Seventh
December 1, 2007

   Appointment of The Bank of New York Mellon as successor Trustee and resignation of former Trustee

Forty-Eighth
June 1, 2008

   $1,500,000,000 First Mortgage Bonds in two series as follows: (i) $500,000,000 5.65% Series due 2018 and (ii) $1,000,000,000 6.40% Series due 2038

Forty-Ninth
March 1, 2010

   $600,000,000 First Mortgage Bonds in two series as follows: (i) $250,000,000 4.55% Series due 2020 and (ii) $350,000,000 5.65% Series due 2040

Fiftieth
August 1, 2011

   $300,000,000 First Mortgage Bonds, 3.10% Series due 2021

WHEREAS, such Supplemental Indentures have each been recorded in the public records of the counties listed on Exhibit A hereto, on the dates and in the official record books and at the page numbers listed thereon; and

WHEREAS, subsequent to the date of the execution and delivery of the Fiftieth Supplemental Indenture the Company has purchased, constructed or otherwise acquired certain property hereinafter referred to, and the Company desires by this Supplemental Indenture to confirm the lien of the Original Indenture on such property; and

WHEREAS, pursuant to the Forty-Seventh Supplemental Indenture, JPMorgan Chase Bank, N.A., resigned as Trustee and The Bank of New York Mellon was appointed as the successor Trustee, effective December 13, 2007; and

WHEREAS, The Bank of New York Mellon is eligible and qualified to serve as Trustee under the Indenture; and

WHEREAS, the Company desires by this Supplemental Indenture to create two new series of bonds to be designated as (i) First Mortgage Bonds, 0.65% Series due 2015 (the “2015 Bonds”) and (ii) First Mortgage Bonds, 3.85% Series due 2042 (the “2042 Bonds” and together with the 2015 Bonds, sometimes herein collectively called the “New Series Bonds”), to be issued under the Original Indenture pursuant to Section 2.01 of the Original

 

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Indenture, and also desires to deliver to the Trustee prior to or simultaneously with the authentication and delivery of the initial issue of Six Hundred Fifty Million Dollars ($650,000,000) principal amount of New Series Bonds pursuant to Section 4.05 of the Original Indenture the documents and instruments required by said section; and

WHEREAS, the Company in the exercise of the powers and authority conferred upon and reserved to it under and by virtue of the Indenture, and pursuant to the resolutions of its Board of Directors (as defined in the Indenture, which definition includes any duly authorized committee of the Board of Directors, including the First Mortgage Bond Indenture Committee of the Board of Directors) has duly resolved and determined to make, execute and deliver to the Trustee a Supplemental Indenture in the form hereof for the purposes herein provided; and

WHEREAS, all conditions and requirements necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been done, performed and fulfilled, and the execution and delivery hereof have been in all respects duly authorized;

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: That Florida Power Corporation d/b/a Progress Energy Florida, Inc., in consideration of the premises and of One Dollar ($1.00) and other good and valuable consideration to it duly paid by the Trustee at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and in order to secure the payment of both the principal of and interest and premium, if any, on the bonds from time to time issued and to be issued under the Indenture, according to their tenor and effect, does hereby confirm the grant, sale, resale, conveyance, assignment, transfer, mortgage and pledge of the property described in the Original Indenture and the Supplemental Indentures (except such properties or interests therein as may have been released or sold or disposed of in whole or in part as permitted by the provisions of the Original Indenture), and hath granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed, and by these presents doth grant, bargain, sell, release, convey, assign, transfer, mortgage, pledge, set over and confirm unto The Bank of New York Mellon, as Trustee, and to its successors in the trust and to its successors and assigns, forever, all property, real, personal and mixed, tangible and intangible, owned by the Company on the date of the execution of this Supplemental Indenture or which may be hereafter acquired by it, including (but not limited to) all property which it has acquired subsequent to the date of execution of the Fiftieth Supplemental Indenture and situated in the State of Florida, including without limitation the property described on Exhibit B hereto (in all cases, except such property as is expressly excepted by the Original Indenture from the lien and operation thereof); and without in any way limiting or impairing by the enumeration of the same the scope and intent of the foregoing, all lands, 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, facilities for utilization of natural gas, street lighting systems, if any, standards and other equipment incidental thereto, telephone, radio and television systems, microwave systems, facilities for utilization of water, steam heat and hot water plants, if any, all substations, lines, service and supply systems, bridges, culverts, tracks, offices, buildings and other structures and equipment and fixtures thereof; all machinery, engines, boilers, dynamos, electric machines, regulators, meters, transformers, generators, motors, electrical and mechanical appliances, conduits, cables, pipes, fittings, valves and connections, poles (wood, metal and concrete), and transmission lines, wires, cables, conductors, insulators, tools, implements, apparatus, furniture, chattels, and choses in action; all municipal and other franchises, consents, licenses or permits; all lines for the distribution of electric current, gas, steam heat or water for any purpose including towers, poles (wood, metal and concrete), 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 use and occupancy of the same (except as herein or in the Original Indenture or any of the Supplemental Indentures 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 Original Indenture and said Supplemental Indentures, described.

IT IS HEREBY AGREED by the Company that all the property, rights and franchises acquired by the Company after the date hereof (except any property herein or in the Original Indenture or any of the Supplemental Indentures expressly excepted) shall, subject to the provisions of Section 9.01 of the Original Indenture and to the extent permitted by law, be as fully embraced within the lien hereof as if such property, rights and franchises were now owned by the Company and/or specifically described herein and conveyed hereby.

 

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TOGETHER WITH all and singular the tenements, hereditaments and appurtenances belonging or in any way appertaining to the aforesaid mortgaged property or any part thereof, with the reversion and reversions, remainder and remainders and (subject to the provisions of Section 9.01 of the Original Indenture) 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 mortgaged property and every part and parcel thereof.

TO HAVE AND TO HOLD THE SAME unto The Bank of New York Mellon, as Trustee, and its successors in the trust and its assigns forever, but IN TRUST NEVERTHELESS upon the terms and trusts set forth in the Indenture, for the benefit and security of those who shall hold the bonds and coupons issued and to be issued under the Indenture, without preference, priority or distinction as to lien of any of said bonds and coupons over any others thereof by reason or priority in the time of the issue or negotiation thereof, or otherwise howsoever, subject, however, to the provisions of Sections 10.03 and 10.12 of the Original Indenture.

SUBJECT, HOWEVER, to the reservations, exceptions, conditions, limitations and restrictions contained in the several deeds, servitudes and contracts or other instruments through which the Company acquired, and/or claims title to and/or enjoys the use of the aforesaid properties; and subject also to encumbrances of the character defined in the Original Indenture as “excepted encumbrances” in so far as the same may attach to any of the property embraced herein.

Without derogating from the security and priority presently afforded by the Indenture and by law for all of the bonds of the Company that have been, are being, and may in the future be, issued pursuant to the Indenture, for purposes of obtaining any additional benefits and security provided by Section 697.04 of the Florida Statutes, the following provisions of this paragraph shall be applicable. The Indenture also shall secure the payment of both principal and interest and premium, if any, on the bonds from time to time hereafter issued pursuant to the Indenture, according to their tenor and effect, and the performance and observance of all the provisions of the Indenture (including any indentures supplemental thereto and any modification or alteration thereof made as therein provided), whether the issuance of such bonds may be optional or mandatory, and for any purpose, within twenty (20) years from the date of this Supplemental Indenture. The total amount of indebtedness secured by the Indenture may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed the maximum principal amount of $10,000,000,000, plus interest and premium, if any, as well as any disbursements made for the payment of taxes, levies or insurance on the property encumbered by the Indenture, with interest on those disbursements, plus any increase in the principal balance as the result of negative amortization or deferred interest. For purposes of Section 697.04 of the Florida Statutes, the Original Indenture, as well as all of the indentures supplemental thereto that have been executed prior to the date of this Supplemental Indenture, are incorporated herein by this reference with the same effect as if they had been set forth in full herein.

And, upon the consideration hereinbefore set forth, the Company does hereby covenant and agree to and with the Trustee and its successors in trust under the Indenture for the benefit of those who shall hold bonds and coupons issued and to be issued under the Indenture, as follows:

ARTICLE I

THE NEW SERIES BONDS

A. CREATION OF FIRST MORTGAGE BONDS, 0.65% SERIES DUE 2015

Section 1. The Company hereby creates a new series of bonds, not limited in principal amount except as provided in the Original Indenture, to be issued under and secured by the Original Indenture, to be designated by the title “First Mortgage Bonds, 0.65% Series due 2015.” The initial issue of the 2015 Bonds shall consist of Two Hundred Fifty Million Dollars ($250,000,000) principal amount thereof. Subject to the terms of the Indenture, the principal amount of the 2015 Bonds is unlimited. The Company may, at its option in the future, issue additional 2015 Bonds.

The 2015 Bonds shall be issued only as registered bonds without coupons in the denomination of Two Thousand Dollars ($2,000) and any integral multiple of One Thousand Dollars ($1,000) above that amount.

Section 2. (a) The 2015 Bonds shall be issued in registered form without coupons and shall be issued initially in the form of one or more Global Bonds (each such Global Bond, a “2015 Global Bond”) to or on behalf of The

 

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Depository Trust Company (“DTC”), as depositary therefor (in such capacity, the “Depositary”), and registered in the name of such Depositary or its nominee. Any 2015 Bonds to be issued or transferred to, or to be held by or on behalf of DTC as such Depositary or such nominee (or any successor of such nominee) for such purpose shall bear the depositary legends in substantially the form set forth at the top of the form of the 2015 Bonds in Section C of this Article I, unless otherwise agreed by the Company, and in the case of a successor Depositary, such legend or legends as such Depositary and/or the Company shall require and to which each shall agree, in each case such agreement to be confirmed in writing to the Trustee. Principal of, and interest on, the 2015 Bonds and the Redemption Price (as defined below), if applicable, will be payable, the transfer of the 2015 Bonds will be registrable and the 2015 Bonds will be exchangeable for the 2015 Bonds bearing identical terms and provisions, at the office or agency of the Company in the Borough of Manhattan, The City and State of New York; provided, however, that payment of interest may be made at the option of the Company by check mailed to the registered holders thereof at their registered address; and further provided, however, that with respect to a 2015 Global Bond, the Company may make payments of principal of, and interest on, the 2015 Global Bond and the Redemption Price, if applicable, and interest on such 2015 Global Bond pursuant to and in accordance with such arrangements as are agreed upon by the Company and the Depositary for such 2015 Global Bond. The 2015 Bonds shall have the terms set forth in the form of the New Series Bond set forth in Section C of this Article I.

(b) Notwithstanding any other provision of this Subsection A.2 of this Article I or of Section 2.03 of the Original Indenture, except as contemplated by the provisions of paragraph (c) below, a 2015 Global Bond may be transferred, in whole but not in part and in the manner provided in Section 2.03 of the Original Indenture, only to a nominee of the Depositary for such 2015 Global Bond, or to the Depositary, or to a successor Depositary for such 2015 Global Bond selected or approved by the Company, or to a nominee of such successor Depositary.

(c) (1) If at any time the Depositary for a 2015 Global Bond notifies the Company that it is unwilling or unable to continue as the Depositary for such 2015 Global Bond or if at any time the Depositary for a 2015 Global Bond ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, at a time when the Depositary is required to be so registered to act as such Depositary, the Company shall appoint a successor Depositary with respect to such 2015 Global Bond. If a successor Depositary for such 2015 Global Bond is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such cessation, the Company will execute, and the Trustee, upon receipt of a Company order for the authentication and delivery of 2015 Bonds in the form of definitive certificates in exchange for such 2015 Global Bond, will authenticate and deliver, without service charge, 2015 Bonds in the form of definitive certificates of like tenor and terms in an aggregate principal amount equal to the principal amount of the 2015 Global Bond in exchange for such 2015 Global Bond. Such 2015 Bonds will be issued to and registered in the name of such person or persons as are specified by the Depositary.

(2) The Company may at any time and in its sole discretion (subject to the procedures of the Depositary) determine that any 2015 Bonds issued or issuable in the form of one or more 2015 Global Bonds shall no longer be represented by such 2015 Global Bond or Bonds. In any such event the Company will execute, and the Trustee, upon receipt of a Company order for the authentication and delivery of 2015 Bonds in the form of definitive certificates in exchange in whole or in part for such 2015 Global Bond or Bonds, will authenticate and deliver, without service charge, to each person specified by the Depositary, 2015 Bonds in the form of definitive certificates of like tenor and terms in an aggregate principal amount equal to the principal amount of such 2015 Global Bond or the aggregate principal amount of such 2015 Global Bonds in exchange for such 2015 Global Bond or Bonds.

(3) If at any time a completed default has occurred and is continuing with respect to the 2015 Bonds and beneficial owners of a majority in aggregate principal amount of the 2015 Bonds represented by 2015 Global Bonds advise the Depositary to cease acting as the Depositary, the Company will execute, and the Trustee, upon receipt of a Company order for the authentication and delivery of 2015 Bonds in the form of definitive certificates in exchange for such 2015 Global Bond, will authenticate and deliver, without service charge, 2015 Bonds in the form of definitive certificates of like tenor and terms in an aggregate principal amount equal to the principal amount of the 2015 Global Bond in exchange for such 2015 Global Bond. Such 2015 Bonds will be issued to and registered in the name of such person or persons as are specified by the Depositary.

(4) In any exchange provided for in any of the preceding three subparagraphs, the Company shall execute and the Trustee shall authenticate and deliver 2015 Bonds in the form of definitive certificates in authorized denominations. Upon the exchange of the entire principal amount of a 2015 Global Bond for 2015 Bonds in the form of definitive

 

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certificates, such 2015 Global Bond shall be canceled by the Trustee. Except as provided in the immediately preceding subparagraph, 2015 Bonds issued in exchange for a 2015 Global Bond pursuant to Subsection A.2 of this Article I shall be registered in such names and in such authorized denominations as the Depositary for such 2015 Global Bond, acting pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. Provided that the Company and the Trustee have so agreed, the Trustee shall deliver such 2015 Bonds to the persons in whose names the 2015 Bonds are so to be registered.

(5) Any endorsement of a 2015 Global Bond to reflect the principal amount thereof, or any increase or decrease in such principal amount, shall be made in such manner and by such person or persons as shall be specified in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures of, the Depositary with respect to such 2015 Global Bond or in the Company order delivered or to be delivered pursuant to Section 4.07 of the Original Indenture with respect thereto. Subject to the provisions of Section 4.07 of the Original Indenture, the Trustee shall deliver and redeliver any such 2015 Global Bond in the manner and upon instructions given by the person or persons specified in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures of, the Depositary with respect to such 2015 Global Bond or in any applicable Company order. If a Company order pursuant to Section 4.07 of the Original Indenture is so delivered, any instructions by the Company with respect to such 2015 Global Bond contained therein shall be in writing but need not be accompanied by or contained in an officers’ certificate and need not be accompanied by an opinion of counsel.

(6) The Depositary or, if there be one, its nominee, shall be the holder of a 2015 Global Bond for all purposes under the Indenture and the 2015 Bonds and beneficial owners with respect to such 2015 Global Bond shall hold their interests pursuant to applicable procedures of such Depositary. The Company, the Trustee and any bond registrar shall be entitled to deal with such Depositary for all purposes of the Indenture relating to such 2015 Global Bond (including the payment of principal, the Redemption Price, if applicable, and interest and the giving of instructions or directions by or to the beneficial owners of such 2015 Global Bond as the sole holder of such 2015 Global Bond and shall have no obligations to the beneficial owners thereof (including any direct or indirect participants in such Depositary)). None of the Company, the Trustee, any paying agent or bond registrar shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a beneficial owner in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures of, the Depositary with respect to such 2015 Global Bond or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

Section 3. November 20, 2012, shall be the date of the beginning of the first interest period for the 2015 Bonds. The first Interest Payment Date (as defined below) shall be May 15, 2013. The 2015 Bonds shall be dated as provided in Section 2.01 of the Original Indenture. The 2015 Bonds shall be payable on November 15, 2015, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts, and shall bear interest, payable in like coin or currency, at the rate of 0.65% per annum, payable semiannually on May 15 and November 15 of each year (each an “Interest Payment Date”) to the persons in whose names the 2015 Bonds are registered at the close of business on the tenth calendar day next preceding the Interest Payment Date (i.e., May 5 and November 5, respectively) (each a “Regular Record Date”), provided, however, that so long as the 2015 Bonds are registered in the name of DTC, its nominee or a successor depository, the Regular Record Date for interest payable on any Interest Payment Date shall be the close of business on the business day immediately preceding such Interest Payment Date (each subject to certain exceptions provided in this Supplemental Indenture and the Indenture), until maturity, according to the terms of the bonds or on prior redemption or by declaration or otherwise, and at the highest rate of interest borne by any of the bonds outstanding under the Indenture from such date of maturity until they shall be paid or payment thereof shall have been duly provided for. Principal of, and interest on, the 2015 Bonds and the Redemption Price, if applicable, shall be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York; provided, however, that payment of interest may be made, at the option of the Company, by check mailed by the Company or its affiliate to the person entitled thereto at his registered address. If a due date for the payment of interest, principal or the Redemption Price, if applicable, falls on a day that is not a business day, then the payment will be made on the next succeeding business day, and no interest will accrue on the amounts payable for the period from and after the original due date and until the next business day. The term “business day” means any day other than a Saturday or Sunday or day on which banking institutions in the City of New York are required or authorized to close.

 

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The 2015 Bonds shall be redeemable, in whole or in part at any time and from time to time, at the option of the Company, on any date prior to maturity (with respect to the 2015 Bonds, a “Redemption Date”), at a redemption price (with respect to the 2015 Bonds, the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the 2015 Bonds being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 5 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to such Redemption Date.

For purposes of this Section 3, the following terms have the following meanings:

“Treasury Rate” means, with respect to any Redemption Date for the 2015 Bonds, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolated maturity (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated on the third business day preceding the Redemption Date.

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term of the 2015 Bonds to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such 2015 Bonds.

“Quotation Agent” means a Reference Treasury Dealer appointed by the Company.

“Comparable Treasury Price” means, with respect to any Redemption Date for the 2015 Bonds, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if fewer than four such Reference Treasury Dealer Quotations are obtained, the average of all such Reference Treasury Dealer Quotations.

“Reference Treasury Dealer” means each of Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, plus one other financial institution appointed by the Company at the time of any redemption of the 2015 Bonds or their respective affiliates which are primary U.S. Government securities dealers in the United States (a “Primary Treasury Dealer”), and their respective successors; provided, however, that if any of the foregoing or their affiliates or successors ceases to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer.

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the 2015 Bonds, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such Redemption Date.

So long as the 2015 Bonds are registered in the name of DTC, its nominee or a successor depositary, if the Company elects to redeem less than all of the 2015 Bonds, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in the 2015 Bonds to be redeemed. At all other times, the Trustee shall draw by lot, in such manner as it deems appropriate, the particular 2015 Bonds, or portions of them, to be redeemed.

The 2015 Bonds shall also be redeemable, as a whole but not in part, at the Redemption Price in the event that (i) all the outstanding common stock of the Company shall be acquired by some governmental body or instrumentality and the Company elects to redeem all of the bonds of all series, the Redemption Date in any such event to be not more than one hundred twenty (120) days after the date on which all said stock is so acquired, or (ii) all, or substantially all, the mortgaged and pledged property constituting bondable property which at the time shall be subject to the lien of the Indenture as a first lien shall be released from the lien of the Indenture pursuant to the provisions thereof, and available moneys in the hands of the Trustee, including any moneys deposited by the Company available for the purpose, are sufficient to redeem all the bonds of all series at the redemption prices (together with accrued interest to the date of redemption) specified therein applicable to the redemption thereof upon the happening of such event.

 

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Notice of redemption shall be given by mail not less than 30 nor more than 90 days prior to the date fixed for redemption to the holders of 2015 Bonds to be redeemed (which, as long as the 2015 Bonds are held in the book-entry only system, will be the Depositary, its nominee or a successor depositary). On and after the date fixed for redemption (unless the Company defaults in the payment of the Redemption Price and interest accrued thereon to such date), interest on the 2015 Bonds or the portions of them so called for redemption shall cease to accrue. If the Company elects to redeem any 2015 Bonds, the Company will notify the Trustee of its election at least 45 days prior to the Redemption Date (or a shorter period acceptable to the Trustee). The Company will provide the Trustee a reasonably detailed computation of the Redemption Price with such notice (or, if not then known, the manner of calculation, with the actual computation provided by the Company to the Trustee promptly following its computation).

The 2015 Bonds of the several denominations are exchangeable for a like aggregate principal amount of other 2015 Bonds of other authorized denominations. Notwithstanding the provisions of Section 2.03 of the Original Indenture, for any exchange of the 2015 Bonds for other 2015 Bonds of different authorized denominations, or for any transfer of 2015 Bonds, the Company may require the payment of a sum sufficient to reimburse it for any tax or other governmental charge incident thereto only. The 2015 Bonds may be presented for transfer or exchange at the corporate trust office of the Trustee in New York, New York.

B. CREATION OF FIRST MORTGAGE BONDS, 3.85% SERIES DUE 2042

Section 1. The Company hereby creates a new series of bonds, not limited in principal amount except as provided in the Original Indenture, to be issued under and secured by the Original Indenture, to be designated by the title “First Mortgage Bonds, 3.85% Series due 2042.” The initial issue of the 2042 Bonds shall consist of Four Hundred Million Dollars ($400,000,000) principal amount thereof. Subject to the terms of the Indenture, the principal amount of the 2042 Bonds is unlimited. The Company may, at its option in the future, issue additional 2042 Bonds.

The 2042 Bonds shall be issued only as registered bonds without coupons in the denomination of Two Thousand Dollars ($2,000) and any integral multiple of One Thousand Dollars ($1,000) above that amount.

Section 2. (a) The 2042 Bonds shall be issued in registered form without coupons and shall be issued initially in the form of one or more Global Bonds (each such Global Bond, a “2042 Global Bond”) to or on behalf of The Depository Trust Company (“DTC”), as depositary therefor (in such capacity, the “Depositary”), and registered in the name of such Depositary or its nominee. Any 2042 Bonds to be issued or transferred to, or to be held by or on behalf of DTC as such Depositary or such nominee (or any successor of such nominee) for such purpose shall bear the depositary legends in substantially the form set forth at the top of the form of the 2042 Bonds in Section C of this Article I, unless otherwise agreed by the Company, and in the case of a successor Depositary, such legend or legends as such Depositary and/or the Company shall require and to which each shall agree, in each case such agreement to be confirmed in writing to the Trustee. Principal of, and interest on, the 2042 Bonds and the Redemption Price (as defined below), if applicable, will be payable, the transfer of the 2042 Bonds will be registrable and the 2042 Bonds will be exchangeable for the 2042 Bonds bearing identical terms and provisions, at the office or agency of the Company in the Borough of Manhattan, The City and State of New York; provided, however, that payment of interest may be made at the option of the Company by check mailed to the registered holders thereof at their registered address; and further provided, however, that with respect to a 2042 Global Bond, the Company may make payments of principal of, and interest on, the 2042 Global Bond and the Redemption Price, if applicable, and interest on such 2042 Global Bond pursuant to and in accordance with such arrangements as are agreed upon by the Company and the Depositary for such 2042 Global Bond. The 2042 Bonds shall have the terms set forth in the form of the New Series Bond set forth in Section C of this Article I.

(b) Notwithstanding any other provision of this Subsection B.2 of this Article I or of Section 2.03 of the Original Indenture, except as contemplated by the provisions of paragraph (c) below, a 2042 Global Bond may be transferred, in whole but not in part and in the manner provided in Section 2.03 of the Original Indenture, only to a nominee of the Depositary for such 2042 Global Bond, or to the Depositary, or to a successor Depositary for such 2042 Global Bond selected or approved by the Company, or to a nominee of such successor Depositary.

(c) (1) If at any time the Depositary for a 2042 Global Bond notifies the Company that it is unwilling or unable to continue as the Depositary for such 2042 Global Bond or if at any time the Depositary for a 2042 Global Bond ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, at a time when the

 

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Depositary is required to be so registered to act as such Depositary, the Company shall appoint a successor Depositary with respect to such 2042 Global Bond. If a successor Depositary for such 2042 Global Bond is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such cessation, the Company will execute, and the Trustee, upon receipt of a Company order for the authentication and delivery of 2042 Bonds in the form of definitive certificates in exchange for such 2042 Global Bond, will authenticate and deliver, without service charge, 2042 Bonds in the form of definitive certificates of like tenor and terms in an aggregate principal amount equal to the principal amount of the 2042 Global Bond in exchange for such 2042 Global Bond. Such 2042 Bonds will be issued to and registered in the name of such person or persons as are specified by the Depositary.

(2) The Company may at any time and in its sole discretion (subject to the procedures of the Depositary) determine that any 2042 Bonds issued or issuable in the form of one or more 2042 Global Bonds shall no longer be represented by such 2042 Global Bond or Bonds. In any such event the Company will execute, and the Trustee, upon receipt of a Company order for the authentication and delivery of 2042 Bonds in the form of definitive certificates in exchange in whole or in part for such 2042 Global Bond or Bonds, will authenticate and deliver, without service charge, to each person specified by the Depositary, 2042 Bonds in the form of definitive certificates of like tenor and terms in an aggregate principal amount equal to the principal amount of such 2042 Global Bond or the aggregate principal amount of such 2042 Global Bonds in exchange for such 2042 Global Bond or Bonds.

(3) If at any time a completed default has occurred and is continuing with respect to the 2042 Bonds and beneficial owners of a majority in aggregate principal amount of the 2042 Bonds represented by 2042 Global Bonds advise the Depositary to cease acting as the Depositary, the Company will execute, and the Trustee, upon receipt of a Company order for the authentication and delivery of 2042 Bonds in the form of definitive certificates in exchange for such 2042 Global Bond, will authenticate and deliver, without service charge, 2042 Bonds in the form of definitive certificates of like tenor and terms in an aggregate principal amount equal to the principal amount of the 2042 Global Bond in exchange for such 2042 Global Bond. Such 2042 Bonds will be issued to and registered in the name of such person or persons as are specified by the Depositary.

(4) In any exchange provided for in any of the preceding three subparagraphs, the Company shall execute and the Trustee shall authenticate and deliver 2042 Bonds in the form of definitive certificates in authorized denominations. Upon the exchange of the entire principal amount of a 2042 Global Bond for 2042 Bonds in the form of definitive certificates, such 2042 Global Bond shall be canceled by the Trustee. Except as provided in the immediately preceding subparagraph, 2042 Bonds issued in exchange for a 2042 Global Bond pursuant to Subsection B.2 of this Article I shall be registered in such names and in such authorized denominations as the Depositary for such 2042 Global Bond, acting pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. Provided that the Company and the Trustee have so agreed, the Trustee shall deliver such 2042 Bonds to the persons in whose names the 2042 Bonds are so to be registered.

(5) Any endorsement of a 2042 Global Bond to reflect the principal amount thereof, or any increase or decrease in such principal amount, shall be made in such manner and by such person or persons as shall be specified in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures of, the Depositary with respect to such 2042 Global Bond or in the Company order delivered or to be delivered pursuant to Section 4.07 of the Original Indenture with respect thereto. Subject to the provisions of Section 4.07 of the Original Indenture, the Trustee shall deliver and redeliver any such 2042 Global Bond in the manner and upon instructions given by the person or persons specified in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures of, the Depositary with respect to such 2042 Global Bond or in any applicable Company order. If a Company order pursuant to Section 4.07 of the Original Indenture is so delivered, any instructions by the Company with respect to such 2042 Global Bond contained therein shall be in writing but need not be accompanied by or contained in an officers’ certificate and need not be accompanied by an opinion of counsel.

(6) The Depositary or, if there be one, its nominee, shall be the holder of a 2042 Global Bond for all purposes under the Indenture and the 2042 Bonds and beneficial owners with respect to such 2042 Global Bond shall hold their interests pursuant to applicable procedures of such Depositary. The Company, the Trustee and any bond registrar shall be entitled to deal with such Depositary for all purposes of the Indenture relating to such 2042 Global Bond (including the payment of principal, the Redemption Price, if applicable, and interest and the giving of instructions or directions by or to the beneficial owners of such 2042 Global Bond as the sole holder of such 2042

 

10


Global Bond and shall have no obligations to the beneficial owners thereof (including any direct or indirect participants in such Depositary)). None of the Company, the Trustee, any paying agent or bond registrar shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a beneficial owner in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures of, the Depositary with respect to such 2042 Global Bond or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

Section 3. November 20, 2012, shall be the date of the beginning of the first interest period for the 2042 Bonds. The first Interest Payment Date (as defined below) shall be May 15, 2013. The 2042 Bonds shall be dated as provided in Section 2.01 of the Original Indenture. The 2042 Bonds shall be payable on November 15, 2042, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts, and shall bear interest, payable in like coin or currency, at the rate of 3.85% per annum, payable semiannually on May 15 and November 15 of each year (each an “Interest Payment Date”) to the persons in whose names the 2042 Bonds are registered at the close of business on the tenth calendar day next preceding the Interest Payment Date (i.e., May 5 and November 5, respectively) (each a “Regular Record Date”), provided, however, that so long as the 2042 Bonds are registered in the name of DTC, its nominee or a successor depository, the Regular Record Date for interest payable on any Interest Payment Date shall be the close of business on the business day immediately preceding such Interest Payment Date (each subject to certain exceptions provided in this Supplemental Indenture and the Indenture), until maturity, according to the terms of the bonds or on prior redemption or by declaration or otherwise, and at the highest rate of interest borne by any of the bonds outstanding under the Indenture from such date of maturity until they shall be paid or payment thereof shall have been duly provided for. Principal of, and interest on, the 2042 Bonds and the Redemption Price, if applicable, shall be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York; provided, however, that payment of interest may be made, at the option of the Company, by check mailed by the Company or its affiliate to the person entitled thereto at his registered address. If a due date for the payment of interest, principal or the Redemption Price, if applicable, falls on a day that is not a business day, then the payment will be made on the next succeeding business day, and no interest will accrue on the amounts payable for the period from and after the original due date and until the next business day. The term “business day” means any day other than a Saturday or Sunday or day on which banking institutions in the City of New York are required or authorized to close.

At any time before May 15, 2042, the 2042 Bonds shall be redeemable, in whole or in part and from time to time, at the option of the Company, on any date (with respect to the 2042 Bonds, a “Redemption Date”), at a redemption price (with respect to the 2042 Bonds, the “Make-Whole Redemption Price”) equal to the greater of (i) 100% of the principal amount of the 2042 Bonds being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to such Redemption Date.

At any time on or after May 15, 2042, the 2042 Bonds shall be redeemable, in whole or in part and from time to time, at the option of the Company, at a redemption price (together with any Make-Whole Redemption Price, with respect to the 2042 Bonds, each a “Redemption Price”) equal to 100% of the principal amount of the 2042 Bonds being redeemed plus accrued and unpaid interest on the principal amount being redeemed to such Redemption Date.

For purposes of the second preceding paragraph of this Section 3, the following terms have the following meanings:

“Treasury Rate” means, with respect to any Redemption Date for the 2042 Bonds, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolated maturity (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated on the third business day preceding the Redemption Date.

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term of the 2042 Bonds to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such 2042 Bonds.

 

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“Quotation Agent” means a Reference Treasury Dealer appointed by the Company.

“Comparable Treasury Price” means, with respect to any Redemption Date for the 2042 Bonds, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if fewer than four such Reference Treasury Dealer Quotations are obtained, the average of all such Reference Treasury Dealer Quotations.

“Reference Treasury Dealer” means each of Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, plus one other financial institution appointed by the Company at the time of any redemption of the 2042 Bonds or their respective affiliates which are primary U.S. Government securities dealers in the United States (a “Primary Treasury Dealer”), and their respective successors; provided, however, that if any of the foregoing or their affiliates or successors ceases to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer.

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the 2042 Bonds, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such Redemption Date.

So long as the 2042 Bonds are registered in the name of DTC, its nominee or a successor depositary, if the Company elects to redeem less than all of the 2042 Bonds, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in the 2042 Bonds to be redeemed. At all other times, the Trustee shall draw by lot, in such manner as it deems appropriate, the particular 2042 Bonds, or portions of them, to be redeemed.

The 2042 Bonds shall also be redeemable, as a whole but not in part, at the Make-Whole Redemption Price in the event that (i) all the outstanding common stock of the Company shall be acquired by some governmental body or instrumentality and the Company elects to redeem all of the bonds of all series, the Redemption Date in any such event to be not more than one hundred twenty (120) days after the date on which all said stock is so acquired, or (ii) all, or substantially all, the mortgaged and pledged property constituting bondable property which at the time shall be subject to the lien of the Indenture as a first lien shall be released from the lien of the Indenture pursuant to the provisions thereof, and available moneys in the hands of the Trustee, including any moneys deposited by the Company available for the purpose, are sufficient to redeem all the bonds of all series at the redemption prices (together with accrued interest to the date of redemption) specified therein applicable to the redemption thereof upon the happening of such event.

Notice of redemption shall be given by mail not less than 30 nor more than 90 days prior to the date fixed for redemption to the holders of 2042 Bonds to be redeemed (which, as long as the 2042 Bonds are held in the book-entry only system, will be the Depositary, its nominee or a successor depositary). On and after the date fixed for redemption (unless the Company defaults in the payment of the Redemption Price and interest accrued thereon to such date), interest on the 2042 Bonds or the portions of them so called for redemption shall cease to accrue. If the Company elects to redeem any 2042 Bonds, the Company will notify the Trustee of its election at least 45 days prior to the Redemption Date (or a shorter period acceptable to the Trustee). The Company will provide the Trustee a reasonably detailed computation of the Redemption Price with such notice (or if the Redemption Price includes the Make Whole Redemption Price, the manner of calculation, with the actual computation provided by the Company to the Trustee promptly following its computation).

The 2042 Bonds of the several denominations are exchangeable for a like aggregate principal amount of other 2042 Bonds of other authorized denominations. Notwithstanding the provisions of Section 2.03 of the Original Indenture, for any exchange of the 2042 Bonds for other 2042 Bonds of different authorized denominations, or for any transfer of 2042 Bonds, the Company may require the payment of a sum sufficient to reimburse it for any tax or other governmental charge incident thereto only. The 2042 Bonds may be presented for transfer or exchange at the corporate trust office of the Trustee in New York, New York.

 

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C. FORM OF THE NEW SERIES BONDS

The New Series Bonds shall be substantially in the following form, with such inclusions, omissions, and variations as the Board of Directors of the Company may determine in accordance with the provisions of the Indenture and with such variations, as between the 2015 Bonds and the 2042 Bonds, as set forth therein:

[FORM OF THE NEW SERIES BONDS]

[Insert applicable depositary legend or legends, which initially shall be the following:

THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

THIS FIRST MORTGAGE BOND,     % SERIES DUE 20     MAY, UNDER CONDITIONS PROVIDED IN THE INDENTURE, BE EXCHANGED FOR FIRST MORTGAGE BONDS,     % SERIES DUE 20     IN THE FORM OF DEFINITIVE CERTIFICATES OF LIKE TENOR AND OF AN EQUAL AGGREGATE PRINCIPAL AMOUNT, IN AUTHORIZED DENOMINATIONS, REGISTERED IN THE NAMES OF SUCH PERSONS AS THE DEPOSITARY SHALL INSTRUCT THE TRUSTEE. ANY SUCH EXCHANGE SHALL BE MADE UPON RECEIPT BY THE TRUSTEE OF AN OFFICERS’ CERTIFICATE THEREFOR AND A WRITTEN INSTRUCTION FROM THE DEPOSITARY SETTING FORTH THE NAME OR NAMES IN WHICH THE TRUSTEE IS TO REGISTER SUCH FIRST MORTGAGE BONDS,     % SERIES DUE 20     IN THE FORM OF DEFINITIVE CERTIFICATES.]

 

REGISTERED BOND

  CUSIP No.             

FLORIDA POWER CORPORATION

d/b/a PROGRESS ENERGY FLORIDA, INC.

(Incorporated under the laws of the State of Florida)

FIRST MORTGAGE BOND,

% SERIES DUE 20

DUE                     , 20    

 

No.

  $         

FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC., a corporation of the State of Florida (hereinafter called the Company), for value received, hereby promises to pay to                                          or registered assigns, on                      at the office or agency of the Company in the Borough of Manhattan, The City of New York,                      Dollars ($        ) in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts, and to pay interest thereon, semiannually on May 15 and November 15 of each year, commencing May 15, 2013, to the person in whose name this bond is registered at the close of business on the tenth calendar day

 

13


next preceding the interest payment date (i.e., May 5 and November 5, respectively), provided, however, that so long as this bond is registered in the name of The Depository Trust Company, its nominee or a successor depository, the record date for interest payable on any interest payment date shall be the close of business on the business day immediately preceding such interest payment date (each subject to certain exceptions provided in the Mortgage hereinafter mentioned), at the rate of              per annum, at said office or agency in like coin or currency, from the date hereof until this bond shall mature, according to its terms or on prior redemption or by declaration or otherwise, and at the highest rate of interest borne by any of the bonds outstanding under the Mortgage hereinafter mentioned from such date of maturity until this bond shall be paid or the payment hereof shall have been duly provided for; provided, however, that payment of interest may be made at the option of the Company by check mailed by the Company or its affiliate to the person entitled thereto at his registered address. If a due date for the payment of interest, principal, or the Redemption Price, if applicable, falls on a day that is not a business day, then the payment will be made on the next succeeding business day, and no interest will accrue on the amounts payable for the period from and after the original due date and until the next business day. The term “business day” means any day other than a Saturday or Sunday or day on which banking institutions in the City of New York are required or authorized to close.

Additional provisions of this bond are set forth on the reverse hereof and such provisions shall for all purposes have the same effect as though fully set forth at this place.

This bond shall not become valid or obligatory for any purpose until The Bank of New York Mellon, or its successor as Trustee under the Mortgage, shall have signed the certificate of authentication endorsed hereon.

IN WITNESS WHEREOF, FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC. has caused this bond to be signed in its name by its President or one of its Vice Presidents by his signature or a facsimile thereof, and its corporate seal, or a facsimile thereof, to be affixed hereto and attested by its Secretary or one of its Assistant Secretaries by his signature or a facsimile thereof.

Dated: November     , 2012

 

FLORIDA POWER CORPORATION

d/b/a PROGRESS ENERGY FLORIDA, INC.

By:  

 

Name:  
Title:  

 

[SEAL]
Attest:

 

Name:
Title

 

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TRUSTEE’S AUTHENTICATION CERTIFICATE

This bond is one of the bonds, of the series herein designated, described or provided for in the within-mentioned Mortgage.

 

THE BANK OF NEW YORK MELLON
By:  

 

Name:  
Title:  

 

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[TEXT APPEARING ON REVERSE SIDE OF BOND]

FLORIDA POWER CORPORATION

d/b/a PROGRESS ENERGY FLORIDA, INC.

FIRST MORTGAGE BOND

% SERIES DUE 20

DUE                     , 20

This bond is one of an issue of bonds of the Company (herein referred to as the bonds), not limited in principal amount except as provided in the Mortgage hereinafter mentioned, issuable in series, which different series may mature at different times, may bear interest at different rates, and may otherwise vary as provided in the Mortgage hereinafter mentioned, and is one of a series known as its First Mortgage Bonds,     % Series due 20     (herein referred to as the “Bonds of this Series”), all bonds of all series issued and to be issued under and equally and ratably secured (except insofar as any sinking or analogous fund, established in accordance with the provisions of the Mortgage hereinafter mentioned, may afford additional security for the bonds of any particular series) by an Indenture dated as of January 1, 1944 (the “Original Indenture” and herein, together with all indentures supplemental thereto including the Fifty-First Supplemental Indenture dated as of November 1, 2012 (the “Fifty-First Supplemental Indenture”) between the Company and The Bank of New York Mellon, as Trustee, called the “Mortgage”), to which reference is made for the nature and extent of the security, the rights of the holders of bonds and of the Company in respect thereof, the rights, duties and immunities of the Trustee, and the terms and conditions upon which the bonds are, and are to be, issued and secured. The Mortgage contains provisions permitting the holders of not less than seventy-five per centum (75%) in principal amount of all the bonds at the time outstanding, determined and evidenced as provided in the Mortgage, or in case the rights under the Mortgage of the holders of bonds of one or more, but less than all, of the series of bonds outstanding shall be affected, the holders of not less than seventy-five per centum (75%) in principal amount of the bonds at the time outstanding of all series affected, determined and evidenced as provided in the Mortgage, on behalf of the holders of all the bonds to waive any past default under the Mortgage and its consequences except a completed default, as defined in the Mortgage, in respect of the payment of the principal of or interest on any bond or default arising from the creation of any lien ranking prior to or equal with the lien of the Mortgage on any of the mortgaged and pledged property. The Mortgage also contains provisions permitting the Company and the Trustee, with the consent of the holders of not less than seventy-five per centum (75%) in principal amount of all the bonds at the time outstanding, determined and evidenced as provided in the Mortgage, or in case the rights under the Mortgage of the holders of bonds of one or more, but less than all, of the series of bonds outstanding shall be affected, then with the consent of the holders of not less than seventy-five per centum (75%) in principal amount of the bonds at the time outstanding of all series affected, determined and evidenced as provided in the Mortgage, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Mortgage or modifying in any manner the rights of the holders of the bonds and coupons; provided, however, that no such supplemental indenture shall (i) extend the fixed maturity of any bonds, or reduce the rate or extend the time of payment of interest thereon, or reduce the principal amount thereof, without the express consent of the holder of each bond so affected, or (ii) reduce the aforesaid percentage of bonds, the holders of which are required to consent to any such supplemental indenture, without the consent of the holders of all bonds then outstanding, or (iii) permit the creation of any lien ranking prior to or equal with the lien of the Mortgage on any of the mortgaged and pledged property, or (iv) deprive the holder of any outstanding bond of the lien of the Mortgage on any of the mortgaged and pledged property. Any such waiver or consent by the registered holder of this bond (unless effectively revoked as provided in the Mortgage) shall be conclusive and binding upon such holder and upon all future holders of this bond, irrespective of whether or not any notation of such waiver or consent is made upon this bond. No reference herein to the Mortgage and no provision of this bond or of the Mortgage shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this bond at the time and place and at the rate and in the coin or currency herein prescribed.

The Bonds of this Series are issuable in denominations of Two Thousand Dollars ($2,000) and any integral multiple of One Thousand Dollars ($1,000) above that amount and are exchangeable for a like aggregate principal amount of Bonds of this Series of other authorized denominations. This bond is transferable as prescribed in the Mortgage by

 

16


the registered holder hereof in person, or by his duly authorized attorney, at the office or agency of the Company in said Borough of Manhattan, The City of New York, upon surrender and cancellation of this bond, and upon payment, if the Company shall require it, of the transfer charges prescribed in the Fifty-First Supplemental Indenture hereinabove referred to, and thereupon a new fully registered bond or bonds of authorized denominations of the same series and for the same aggregate principal amount will be issued to the transferee in exchange herefor as provided in the Mortgage. The Company and the Trustee, any paying agent and any bond registrar may deem and treat the person in whose name this bond is registered as the absolute owner hereof, whether or not this bond shall be overdue, for the purpose of receiving payment and for all other purposes and neither the Company nor the Trustee nor any paying agent nor any bond registrar shall be affected by any notice to the contrary.

[Insert the following paragraph solely for the 2015 Bonds:

The Bonds of this Series shall be redeemable, in whole or in part at any time and from time to time, at the option of the Company, on any date prior to maturity (a “Redemption Date”), at a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Bonds of this Series being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 5 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to such Redemption Date.]

[Insert the following two paragraphs solely for the 2042 Bonds:

At any time before May 15, 2042, the Bonds of this Series shall be redeemable, in whole or in part and from time to time, at the option of the Company, on any date (a “Redemption Date”), at a redemption price (the “Make-Whole Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Bonds of this Series being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to such Redemption Date.

At any time on or after May 15, 2042, the Bonds of this Series shall be redeemable, in whole or in part and from time to time, at the option of the Company, at a redemption price (together with any Make-Whole Redemption Price, each a “Redemption Price”) equal to 100% of the principal amount of the Bonds of this Series being redeemed plus accrued and unpaid interest on the principal amount being redeemed to such Redemption Date.]

For purposes the Bonds of this Series, the following terms have the following meanings:

“Treasury Rate” means, with respect to any Redemption Date for the Bonds of this Series, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolated maturity (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated on the third business day preceding the Redemption Date.

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term of the Bonds of this Series to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Bonds of this Series.

“Quotation Agent” means a Reference Treasury Dealer appointed by the Company.

“Comparable Treasury Price” means, with respect to any Redemption Date for the Bonds of this Series, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if fewer than four such Reference Treasury Dealer Quotations are obtained, the average of all such Reference Treasury Dealer Quotations.

 

17


“Reference Treasury Dealer” means each of Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, plus one other financial institution appointed by the Company at the time of any redemption of the Bonds of this Series or their respective affiliates which are primary U.S. Government securities dealers in the United States (a “Primary Treasury Dealer”), and their respective successors; provided, however, that if any of the foregoing or their affiliates or successors ceases to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer.

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the Bonds of this Series, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such Redemption Date.

So long as the Bonds of this Series are registered in the name of DTC, its nominee or a successor depositary, if the Company elects to redeem less than all of the Bonds of this Series, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in the Bonds of this Series to be redeemed. At all other times, the Trustee shall draw by lot, in such manner as it deems appropriate, the particular Bonds of this Series, or portions of them, to be redeemed.

The Bonds of this Series shall also be redeemable, as a whole but not in part, at the [for the 2015 Bonds, insert Redemption Price; for the 2042 Bonds, insert Make-Whole Redemption Price] in the event that (i) all the outstanding common stock of the Company shall be acquired by some governmental body or instrumentality and the Company elects to redeem all of the bonds of all series, the Redemption Date in any such event to be not more than one hundred twenty (120) days after the date on which all said stock is so acquired, or (ii) all, or substantially all, the mortgaged and pledged property constituting bondable property which at the time shall be subject to the lien of the Mortgage as a first lien shall be released from the lien of the Mortgage pursuant to the provisions thereof, and available moneys in the hands of the Trustee, including any moneys deposited by the Company available for the purpose, are sufficient to redeem all the bonds of all series at the redemption prices (together with accrued interest to the date of redemption) specified therein applicable to the redemption thereof upon the happening of such event.

Notice of redemption shall be given by mail not less than 30 nor more than 90 days prior to the date fixed for redemption to the holders of the Bonds of this Series to be redeemed (which, as long as the Bonds of this Series are held in the book-entry only system, will be the Depositary, its nominee or a successor depositary). On and after the date fixed for redemption (unless the Company defaults in the payment of the Redemption Price and interest accrued thereon to such date), interest on the Bonds of this Series or the portions of them so called for redemption shall cease to accrue. If the Company elects to redeem any Bonds of this Series, the Company will notify the Trustee of its election at least 45 days prior to the Redemption Date (or a shorter period acceptable to the Trustee). [Insert the following sentence for the 2015 Bonds: The Company will provide the Trustee a reasonably detailed computation of the Redemption Price with such notice (or, if not then known, the manner of calculation, with the actual computation provided by the Company to the Trustee promptly following its computation). [Insert the following sentence for the 2042 Bonds: The Company will provide the Trustee a reasonably detailed computation of the Redemption Price with such notice (or if the Redemption Price includes the Make Whole Redemption Price, the manner of calculation, with the actual computation provided by the Company to the Trustee promptly following its computation).]

The Mortgage provides that if the Company shall deposit with The Bank of New York Mellon or its successor as Trustee in trust for the purpose funds sufficient to pay the principal of all the bonds of any series, or such of the bonds of any series as have been or are to be called for redemption (including any portions, constituting $1,000 or an integral multiple thereof, of fully registered bonds), and premium, if any, thereon, and all interest payable on such bonds (or portions) to the date on which they become due and payable at maturity or upon redemption or otherwise, and complies with the other provisions of the Mortgage in respect thereof, then from the date of such deposit such bonds (or portions) shall no longer be secured by the lien of the Mortgage.

 

18


The Mortgage provides that, upon any partial redemption of a fully registered bond, upon surrender thereof endorsed for transfer, new bonds of the same series and of authorized denominations in principal amount equal to the unredeemed portion of such fully registered bond will be delivered in exchange therefor.

The principal hereof may be declared or may become due prior to the express date of the maturity hereof on the conditions, in the manner and at the time set forth in the Mortgage, upon the occurrence of a completed default as in the Mortgage provided.

No recourse shall be had for the payment of the principal of, the Redemption Price, if applicable, or interest on this bond, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Mortgage or under or upon any obligation, covenant or agreement contained in the Mortgage, against any incorporator or any past, present or future subscriber to the capital stock, stockholder, officer or director, as such, of the Company or of any predecessor or successor corporation, either directly or through the Company or any predecessor or successor corporation under any present or future rule of law, statute or constitution or by the enforcement of any assessment or otherwise, all such liability of incorporators, subscribers, stockholders, officers and directors, as such, being waived and released by the holder and owner hereof by the acceptance of this bond and being likewise waived and released by the terms of the Mortgage.

D. INTEREST ON THE NEW SERIES BONDS

Interest on any New Series Bond which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the person in whose name that bond (or one or more predecessor bonds) is registered at the close of business on the Regular Record Date for such interest specified in the provisions of this Supplemental Indenture. Interest shall be computed on the basis of a 360-day year composed of twelve 30-day months.

Any interest on any New Series Bond which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant Regular Record Date solely by virtue of such holder having been such holder; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Subsection A or B below:

A. The Company may elect to make payment of any Defaulted Interest on the New Series Bonds to the persons in whose names such bonds (or their respective predecessor bonds) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner (a “Special Record Date”). The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each bond and the date of the proposed payment (which date shall be such as will enable the Trustee to comply with the next sentence hereof), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the persons entitled to such Defaulted Interest as in this Subsection provided and not to be deemed part of the trust estate or trust moneys. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each holder of a bond of the New Series Bonds at the address as it appears in the bond register not less than 10 days prior to such Special Record Date. The Trustee may, in its discretion in the name and at the expense of the Company, cause a similar notice to be published at least once in a newspaper approved by the Company in each place of payment of the New Series Bonds, but such publication shall not be a condition precedent to the establishment of such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the persons in whose names the New Series Bonds (or their respective predecessor bonds) are registered on such Special Record Date and shall no longer be payable pursuant to the following Subsection B.

B. The Company may make payment of any Defaulted Interest on the New Series Bonds in any other lawful manner not inconsistent with the requirements of any securities exchange on which such bonds may be listed and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Subsection, such payment shall be deemed practicable by the Trustee.

 

19


Subject to the foregoing provisions of this Section, each New Series Bond delivered under this Supplemental Indenture upon transfer of or in exchange for or in lieu of any other New Series Bonds shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other bond and each such bond shall bear interest from such date, that neither gain nor loss in interest shall result from such transfer, exchange or substitution.

ARTICLE II

ADDITIONAL COVENANTS

The Company hereby covenants as follows:

Section 1. That it will, prior to or simultaneously with the initial authentication and delivery by the Trustee of the New Series Bonds under Section 4.05 of the Original Indenture, deliver to the Trustee the instruments required by said Section.

Section 2. That, so long as any of the New Series Bonds shall be outstanding, it will not declare or pay any dividends (except a dividend in its own common stock) upon its common stock, or make any other distribution (by way of purchase, or otherwise) to the holders thereof, except a payment or distribution out of net income of the Company subsequent to December 31, 1943; and that it will not permit any subsidiary of the Company to purchase any shares of common stock of the Company.

For the purpose of this Section, net income of the Company shall be determined by regarding as charges or credits to income, as the case may be, any and all charges or credits to earned surplus subsequent to December 31, 1943, representing adjustments on account of excessive or deficient accruals to income for taxes, and operating expenses shall include all proper charges for the maintenance and repairs of the property owned by the Company and appropriations out of income for the retirement or depreciation of the property used in its electric business in an amount of not less than the amount of the minimum provision for depreciation determined as provided in clause (5) of paragraph A of Section 1.05 of the Original Indenture.

ARTICLE III

SUNDRY PROVISIONS

Section 1. This Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Original Indenture, and shall form a part thereof and all of the provisions contained in the Original Indenture in respect to the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect hereof as fully and with like effect as if set forth herein in full. The Trustee agrees to accept and act upon instructions or directions pursuant to this Supplemental Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Company shall provide to the Trustee an incumbency certificate listing designated persons authorized to provide such instructions, which incumbency certificate shall be amended whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee e-mail or facsimile instructions pursuant to this Supplemental Indenture (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling in the absence of manifest error. Subject to Sections 14.02 and 14.03 of the Indenture, the Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding whether such instructions conflict or are inconsistent with a subsequent written instruction. Subject to Sections 14.02 and 14.03 of the Indenture, the Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee pursuant to this Supplemental Indenture, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties.

 

20


Section 2. This Supplemental Indenture may be simultaneously executed in any number of counterparts, and all of said counterparts executed and delivered, each as an original, shall constitute but one and the same instrument.

Section 3. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or of the due execution hereof by the Company or for or in respect of the recitals contained herein, all of which recitals are made by the Company solely.

Section 4. Although this Supplemental Indenture is dated for convenience and for purposes of reference as of November 1, 2012, the actual dates of execution by the Company and by the Trustee are as indicated by the respective acknowledgments hereto annexed.

[signature page follows]

 

21


IN WITNESS WHEREOF, FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC. has caused this Supplemental Indenture to be signed in its name and behalf by its Assistant Treasurer, and its corporate seal to be hereunto affixed and attested by its Assistant Secretary, and THE BANK OF NEW YORK MELLON has caused this Supplemental Indenture to be signed and sealed in its name and behalf by a Vice President, and its corporate seal to be attested by a Vice President, all as of the day and year first above written.

 

FLORIDA POWER CORPORATION
d/b/a PROGRESS ENERGY FLORIDA, INC.
By:  

/s/ W. Bryan Buckler

  W. Bryan Buckler, Assistant Treasurer
  299 First Avenue North
  St. Petersburg, Florida 33701

[SEAL]

 

Attest:

/s/ Robert T. Lucas III

Robert T. Lucas III, Assistant Secretary
299 First Avenue North
St. Petersburg, Florida 33701

Signed, sealed and delivered by said

FLORIDA POWER CORPORATION
d/b/a PROGRESS ENERGY FLORIDA, INC.
in the presence of:

/s/ Delcia S. Dunlap

Delcia S. Dunlap

/s/ Jacqueline Williams

Jacqueline Williams

[Company’s Signature Page of Fifty-First Supplemental Indenture]


THE BANK OF NEW YORK MELLON
By:  

/s/ Laurence J. O’Brien

  Laurence J. O’Brien, Vice President
  101 Barclay Street
  New York, New York 10286

[SEAL]

Attest:

 

/s/ Maryann Joseph

Maryann Joseph, Vice President
101 Barclay Street
New York, New York 10286
Signed, sealed and delivered by said
THE BANK OF NEW YORK MELLON
in the presence of:

/s/ Glenn McKeever

Glenn McKeever, Vice President

/s/ Francine Kincaid

Francine Kincaid, Vice President

[Trustee’s Signature Page of Fifty-First Supplemental Indenture]


STATE OF NORTH CAROLINA    )   
      SS:
COUNTY OF MECKLENBURG    )   

Before me, the undersigned, a notary public in and for the State and County aforesaid, an officer duly authorized to take acknowledgments of deeds and other instruments, personally appeared W. Bryan Buckler, Assistant Treasurer of FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC., a corporation, the corporate party of the first part in and to the above written instrument, and also personally appeared before me Robert T. Lucas III, Assistant Secretary of the said corporation; such persons being severally personally known to me, who did take an oath and are known by me to be the same individuals who as such Assistant Treasurer and as such Assistant Secretary executed the above written instrument on behalf of said corporation; and he, the said Assistant Treasurer, acknowledged that as such Assistant Treasurer, he subscribed the said corporate name to said instrument on behalf and by authority of said corporation, and he, the said Assistant Secretary, acknowledged that he affixed the seal of said corporation to said instrument and attested the same by subscribing his name as Assistant Secretary of said corporation, by authority and on behalf of said corporation, and each of the two persons above named acknowledged that, being informed of the contents of said instrument, they, as such Assistant Treasurer and Assistant Secretary, delivered said instrument by authority and on behalf of said corporation and that all such acts were done freely and voluntarily and for the uses and purposes in said instrument set forth and that such instrument is the free act and deed of said corporation; and each of said persons further acknowledged and declared that he/she knows the seal of said corporation, and that the seal affixed to said instrument is the corporate seal of the corporation aforesaid.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal this 20th day of November, 2012 at Charlotte in the State and County aforesaid.

 

/s/ Jennie M. Raine

Jennie M. Raine

My commission expires: August 12, 2016

[NOTARIAL SEAL]


STATE OF NEW YORK    )   
      SS:
COUNTY OF NEW YORK    )   

Before me, the undersigned, a notary public in and for the State of New York and County of Queens, an officer duly authorized to take acknowledgments of deeds and other instruments, personally appeared Laurence J. O’Brien, Vice President (the “Executing Vice President”) of THE BANK OF NEW YORK MELLON, a New York banking corporation, the corporate party of the second part in and to the above written instrument, and also personally appeared before me Maryann Joseph, Vice President (the “Attesting Vice President”) of the said corporation; said persons being severally personally known to me, who did take an oath and are known by me to be the same individuals who as such Executing Vice President and as such Attesting Vice President executed the above written instrument on behalf of said corporation; and he, the said Executing Vice President, acknowledged that as such Executing Vice President he subscribed the said corporate name to said instrument and affixed the seal of said corporation to said instrument on behalf and by authority of said corporation, and he, the said Attesting Vice President, acknowledged that he attested the same by subscribing his name as Vice President of said corporation, by authority and on behalf of said corporation, and each of the two persons above named acknowledged that, being informed of the contents of said instrument, they, as such Executing Vice President and Attesting Vice President, delivered said instrument by authority and on behalf of said corporation and that all such acts were done freely and voluntarily and for the uses and purposes in said instrument set forth and that such instrument is the free act and deed of said corporation, and each of said persons further acknowledged and declared that he knows the seal of said corporation, and that the seal affixed to said instrument is the corporate seal of the corporation aforesaid.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal this 20th day of November, 2012, at New York, in the State and County aforesaid.

 

/s/ Danny Lee

Danny Lee
Notary Public, State of New York
No. 01LE6161129
Qualified in New York County

My commission expires: February 20, 2015

[NOTARIAL SEAL]


EXHIBIT A

RECORDING INFORMATION

ORIGINAL INDENTURE dated January 1, 1944

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  02/25/44     121        172   

Bay

  10/20/47     59        18   

Brevard

  10/30/91     3157        3297   

Citrus

  02/25/44     18        1   

Columbia

  02/25/44     42        175   

Dixie

  02/25/44     3        127   

Flagler

  10/30/91     456        288   

Franklin

  02/25/44     0        83   

Gadsden

  02/26/44     A-6        175   

Gilchrist

  02/25/44     5        60   

Gulf

  02/26/44     6        193   

Hamilton

  02/25/44     42        69   

Hardee

  02/25/44     23        1   

Hernando

  02/25/44     90        1   

Highlands

  02/25/44     48        357   

Hillsborough

  02/25/44     662        105   

Jackson

  02/26/44     370        1   

Jefferson

  07/02/51     25        1   

Lafayette

  02/25/44     22        465   

Lake

  02/25/44     93        1   

Leon

  02/25/44     41        1   

Levy

  02/25/44     3        160   

Liberty

  02/25/44     “H”        116   

Madison

  07/02/51     61        86   

Marion

  02/25/44     103        1   

Orange

  02/25/44     297        375   

Osceola

  02/25/44     20        1   

Pasco

  02/25/44     39        449   

Pinellas

  02/26/44     566        1   

Polk

  02/25/44     666        305   

Seminole

  02/25/44     65        147   

Sumter

  02/25/44     25        1   

Suwanee

  02/25/44     58        425   

Taylor

  07/03/51     36        1   

Volusia

  02/25/44     135        156   

Wakulla

  02/25/44     14        1   

STATE OF GEORGIA

 

County

 

Date of Recordation

 

Book

   

Page

 

Cook

  02/25/44     24        1   

Echols

  02/25/44     A-1        300   

Lowndes

  02/25/44     5-0        1   

 

A-1


SUPPLEMENTAL INDENTURE (First) dated July 1, 1946

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  11/12/46     166        1   

Bay

  10/20/47     59        1   

Brevard

  10/30/91     3157        3590   

Citrus

  11/12/46     17        362   

Columbia

  11/12/46     49        283   

Dixie

  11/14/46     3        357   

Flagler

  10/30/91     456        579   

Franklin

  11/13/46     “P”        80   

Gadsden

  11/13/46     A-9        148   

Gilchrist

  11/14/46     7        120   

Gulf

  11/13/46     10        313   

Hamilton

  11/12/46     40        371   

Hardee

  11/12/46     24        575   

Hernando

  11/14/46     99        201   

Highlands

  11/12/46     55        303   

Hillsborough

  11/06/46     95        375   

Jackson

  11/13/46     399        1   

Jefferson

  07/02/51     25        287   

Lafayette

  11/14/46     23        156   

Lake

  11/13/46     107        209   

Leon

  11/13/46     55        481   

Levy

  11/14/46     4        133   

Liberty

  11/13/46     “H”        420   

Madison

  07/02/51     61        373   

Marion

  11/12/46     110        1   

Orange

  11/12/46     338        379   

Osceola

  11/12/46     20        164   

Pasco

  11/14/46     44        169   

Pinellas

  11/06/46     632        161   

Polk

  11/12/46     744        511   

Seminole

  11/13/46     74        431   

Sumter

  11/13/46     25        467   

Suwanee

  11/12/46     63        316   

Taylor

  07/03/51     36        145   

Volusia

  11/13/46     158        203   

Wakulla

  11/13/36     14        299   

 

A-2


SUPPLEMENTAL INDENTURE (Second) dated November 1, 1948

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  01/08/49     196        287   

Bay

  01/10/49     64        395   

Brevard

  10/30/91     3157        3607   

Citrus

  01/13/49     18        414   

Columbia

  01/08/49     55        493   

Dixie

  01/10/49     4        201   

Flagler

  10/30/91     456        601   

Franklin

  01/10/49     “Q”        1   

Gadsden

  01/10/49     A-13        157   

Gilchrist

  01/08/49     6        274   

Gulf

  01/10/49     13        74   

Hamilton

  01/10/49     44        1   

Hardee

  01/08/49     28        110   

Hernando

  01/08/49     109        448   

Highlands

  01/08/49     61        398   

Hillsborough

  01/13/49     810        452   

Jackson

  01/10/49     400        563   

Jefferson

  07/02/51     25        320   

Lafayette

  01/10/49     25        210   

Lake

  01/08/49     119        555   

Leon

  01/10/49     82        303   

Levy

  01/08/49     5        242   

Liberty

  01/08/49     “H”        587   

Madison

  07/02/51     61        407   

Marion

  01/11/49     122        172   

Orange

  01/08/49     388        604   

Osceola

  01/08/49     25        104   

Pasco

  01/08/49     47        549   

Pinellas

  01/05/49     716        11   

Polk

  01/07/49     807        411   

Seminole

  01/06/49     84        389   

Sumter

  01/08/49     28        41   

Suwanee

  01/08/49     69        150   

Taylor

  07/03/51     36        162   

Volusia

  01/06/49     192        167   

Wakulla

  01/10/49     16        1   

 

A-3


SUPPLEMENTAL INDENTURE (Third) dated July 1, 1951

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  08/02/51     234        340   

Bay

  08/03/51     93        155   

Brevard

  10/30/91     3157        3630   

Citrus

  07/30/51     20        251   

Columbia

  08/02/51     66        503   

Dixie

  08/02/51     5        271   

Flagler

  10/30/91     456        624   

Franklin

  08/03/51     “Q”        522   

Gadsden

  08/03/51     A-19        271   

Gilchrist

  08/02/51     7        422   

Gulf

  08/03/51     16        59   

Hamilton

  08/03/51     51        347   

Hardee

  08/02/51     32        1   

Hernando

  08/02/51     118        537   

Highlands

  08/02/51     69        344   

Hillsborough

  08/02/51     927        174   

Jefferson

  08/03/51     25        359   

Lafayette

  08/03/51     27        305   

Lake

  07/31/51     139        323   

Leon

  08/02/51     113        465   

Levy

  08/02/51     7        211   

Liberty

  07/25/51     1        232   

Madison

  08/07/51     62        1   

Marion

  08/02/51     142        143   

Orange

  08/07/51     460        60   

Osceola

  08/02/51     31        385   

Pasco

  08/10/51     56        1   

Pinellas

  08/02/51     847        301   

Polk

  08/01/51     899        539   

Seminole

  08/07/51     100        403   

Sumter

  08/02/51     32        345   

Suwanee

  08/02/51     76        413   

Taylor

  08/07/51     36        182   

Volusia

  08/07/51     245        393   

Wakulla

  08/03/51     17        259   

STATE OF GEORGIA

 

County

 

Date of Recordation

 

Book

   

Page

 

Cook

  08/08/51     35        566   

Echols

  08/02/51     A-3        521   

Lowndes

  08/04/51     7-E        188   

 

A-4


FOURTH SUPPLEMENTAL INDENTURE November 1, 1952

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  12/31/52     256        288   

Bay

  01/01/53     104        571   

Brevard

  10/30/91     3157        3663   

Citrus

  12/31/52     22        321   

Columbia

  12/31/52     72        521   

Dixie

  12/31/52     6        135   

Flagler

  10/31/91     456        657   

Franklin

  12/31/52     R        477   

Gadsden

  12/31/52     A-22        511   

Gilchrist

  12/31/52     9        124   

Gulf

  01/02/53     17        7   

Hamilton

  12/31/52     54        293   

Hardee

  12/31/52     33        433   

Hernando

  12/31/52     125        361   

Highlands

  01/02/53     74        131   

Hillsborough

  12/29/52     993        545   

Jefferson

  12/31/52     27        1   

Lafayette

  12/31/52     28        445   

Lake

  01/02/53     150        343   

Leon

  12/31/52     130        1   

Levy

  12/31/52     8        362   

Liberty

  01/09/53     1        462   

Madison

  01/02/53     65        134   

Marion

  01/02/53     153        434   

Orange

  12/31/52     505        358   

Osceola

  12/31/52     36        145   

Pasco

  01/02/53     61        563   

Pinellas

  12/29/52     926        561   

Polk

  01/12/53     974        177   

Seminole

  01/02/53     111        41   

Sumter

  12/31/52     35        441   

Suwanee

  01/02/53     82        27   

Taylor

  12/31/52     37        325   

Volusia

  01/10/53     278        107   

Wakulla

  01/02/53     18        383   

STATE OF GEORGIA

 

County

 

Date of Recordation

 

Book

   

Page

 

Cook

  01/01/53     39        95   

Echols

  01/01/53     A-4        110   

Lowndes

  12/31/52     7-0        540   

 

A-5


FIFTH SUPPLEMENTAL INDENTURE November 1, 1953

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  12/29/53     271        24   

Bay

  01/01/54     115        505   

Brevard

  10/30/91     3157        3690   

Citrus

  12/28/53     2        73   

Columbia

  12/28/53     7        3   

Dixie

  12/23/53     6        466   

Flagler

  10/30/91     456        684   

Franklin

  12/28/53     1        447   

Gadsden

  12/24/53     A-26        251   

Gilchrist

  12/23/53     9        317   

Gulf

  12/28/53     11        229   

Hamilton

  12/28/53     58        220   

Hardee

  12/23/53     35        518   

Hernando

  12/23/53     130        409   

Highlands

  12/29/53     78        1   

Hillsborough

  01/04/54     1050        229   

Jefferson

  12/29/53     28        91   

Lafayette

  12/24/53     30        16   

Lake

  12/23/53     160        189   

Leon

  12/23/53     144        268   

Levy

  12/23/53     9        368   

Liberty

  01/06/54     J        40   

Madison

  12/26/53     67        381   

Marion

  12/28/53     168        179   

Orange

  12/24/53     541        253   

Osceola

  12/24/53     39        42   

Pasco

  12/23/53     67        1   

Pinellas

  12/22/53     988        333   

Polk

  01/05/54     1021        473   

Seminole

  12/29/53     118        535   

Sumter

  12/28/53     37        466   

Suwanee

  12/28/53     85        346   

Taylor

  12/24/53     43        225   

Volusia

  12/24/53     303        454   

Wakulla

  12/30/53     19        380   

STATE OF GEORGIA

 

County

 

Date of Recordation

 

Book

   

Page

 

Cook

  01/15/54     39        437   

Echols

  01/15/54     A-4        418   

Lowndes

  12/29/53     7-X        235   

 

A-6


SIXTH SUPPLEMENTAL INDENTURE dated July 1, 1954

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  11/19/54     286        129   

Bay

  11/22/54     125        502   

Brevard

  10/30/91     3157        3719   

Citrus

  11/19/54     9        525   

Columbia

  11/20/54     17        479   

Dixie

  11/19/54     7        299   

Flagler

  10/30/91     456        713   

Franklin

  11/19/54     5        465   

Gadsden

  11/20/54     A-29        411   

Gilchrist

  11/19/54     9        530   

Gulf

  11/22/54     19        284   

Hamilton

  11/22/54     59        425   

Hardee

  11/19/54     37        307   

Hernando

  11/19/54     7        335   

Highlands

  11/19/54     82        403   

Hillsborough

  11/26/54     1116        164   

Jefferson

  11/19/54     29        17   

Lafayette

  11/19/54     31        138   

Lake

  11/19/54     170        225   

Leon

  11/19/54     159        209   

Levy

  11/19/54     10        523   

Liberty

  11/30/54     “J”        215   

Madison

  11/20/54     69        483   

Marion

  11/20/54     181        573   

Orange

  11/23/54     578        123   

Osceola

  11/20/54     42        216   

Pasco

  11/22/54     15        568   

Pinellas

  11/18/54     1046        507   

Polk

  11/23/54     1068        22   

Seminole

  11/19/54     28        374   

Sumter

  11/30/54     40        81   

Suwanee

  11/23/54     89        1   

Taylor

  11/20/54     45        377   

Volusia

  11/23/54     327        538   

Wakulla

  11/19/54     20        445   

STATE OF GEORGIA

 

County

 

Date of Recordation

 

Book

   

Page

 

Cook

  11/20/54     55        385   

Echols

  11/20/54     5        86   

Lowndes

  11/20/54     3        387   

 

A-7


SEVENTH SUPPLEMENTAL INDENTURE dated July 1, 1956

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  07/27/56     320        309   

Bay

  07/27/56     145        395   

Brevard

  10/30/91     3157        3746   

Citrus

  07/25/56     28        403   

Columbia

  07/26/56     38        279   

Dixie

  07/30/56     9        1   

Flagler

  10/30/91     456        740   

Franklin

  07/27/56     16        392   

Gadsden

  07/26/56     A-36        100   

Gilchrist

  07/31/56     11        289   

Gulf

  08/02/56     23        475   

Hamilton

  07/27/56     11        79   

Hardee

  07/31/56     43        1   

Hernando

  07/26/56     21        88   

Highlands

  07/31/56     11        571   

Hillsborough

  08/06/56     1260        125   

Jefferson

  07/25/56     30        295   

Lafayette

  07/25/56     33        117   

Lake

  07/26/56     189        613   

Leon

  07/25/56     190        301   

Levy

  07/30/56     14        13   

Liberty

  07/31/56     “J”        531   

Madison

  07/26/56     74        12   

Marion

  07/26/56     208        223   

Orange

  07/27/56     126        165   

Osceola

  07/26/56     49        1   

Pasco

  08/02/56     51        353   

Pinellas

  07/24/56     1168        481   

Polk

  08/20/56     1180        30   

Seminole

  07/27/56     90        5   

Sumter

  08/02/56     43        523   

Suwanee

  07/26/56     96        67   

Taylor

  07/25/56     52        451   

Volusia

  07/26/56     384        195   

Wakulla

  07/25/56     22        281   

STATE OF GEORGIA

 

County

 

Date of Recordation

 

Book

   

Page

 

Cook

  07/26/56     48        36   

Echols

  07/26/56     5        401   

Lowndes

  07/25/56     22        419   

 

A-8


EIGHTH SUPPLEMENTAL INDENTURE dated July 1, 1958

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  07/23/58     20        227   

Bay

  08/05/58     170        295   

Brevard

  10/30/91     3157        3785   

Citrus

  07/24/58     55        336   

Columbia

  07/23/58     66        365   

Dixie

  07/22/58     11        166   

Flagler

  10/30/91     456        779   

Franklin

  07/22/58     29        248   

Gadsden

  07/23/58     9        48   

Gilchrist

  07/22/58     12        341   

Gulf

  07/24/58     29        40   

Hamilton

  07/22/58     23        1   

Hardee

  07/22/58     49        451   

Hernando

  07/25/58     39        358   

Highlands

  07/29/58     50        514   

Hillsborough

  07/29/58     111        108   

Jefferson

  07/23/58     33        19   

Lafayette

  07/23/58     35        120   

Lake

  07/31/58     56        297   

Leon

  07/23/58     216        129   

Levy

  07/22/58     18        63   

Liberty

  07/24/58     “K”        413   

Madison

  07/23/58     78        310   

Marion

  07/29/58     237        447   

Orange

  07/23/58     403        300   

Osceola

  07/23/58     26        462   

Pasco

  07/25/58     96        455   

Pinellas

  07/24/58     381        683   

Polk

  07/24/58     165        452   

Seminole

  07/23/58     178        26   

Sumter

  08/01/58     5        66   

Suwanee

  07/23/58     102        360   

Taylor

  07/22/58     4        254   

Volusia

  07/23/58     129        244   

Wakulla

  07/25/58     24        375   

 

A-9


NINTH SUPPLEMENTAL INDENTURE dated October 1, 1960

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  11/23/60     119        158   

Bay

  11/25/60     28        411   

Brevard

  10/30/91     3157        3822   

Citrus

  12/01/60     93        370   

Columbia

  11/17/60     105        133   

Dixie

  11/16/60     13        331   

Flagler

  10/30/91     456        816   

Franklin

  11/17/60     49        375   

Gadsden

  11/17/60     29        655   

Gilchrist

  11/16/60     1        473   

Gulf

  11/21/60     5        409   

Hamilton

  11/18/60     37        171   

Hardee

  11/17/60     60        76   

Hernando

  11/16/60     65        688   

Highlands

  11/18/60     108        421   

Hillsborough

  11/23/60     629        675   

Jefferson

  11/18/60     8        290   

Lafayette

  11/16/60     38        185   

Lake

  11/21/60     141        619   

Leon

  11/23/60     254        479   

Levy

  11/16/60     23        537   

Liberty

  11/17/60     “M”        525   

Madison

  11/22/60     11        153   

Marion

  11/18/60     54        420   

Orange

  11/22/60     817        569   

Osceola

  11/16/60     68        410   

Pasco

  11/21/60     158        530   

Pinellas

  11/16/60     1036        239   

Polk

  11/18/60     440        179   

Seminole

  11/21/60     332        203   

Sumter

  11/30/60     25        318   

Suwanee

  11/17/60     111        282   

Taylor

  11/18/60     21        626   

Volusia

  11/21/60     330        281   

Wakulla

  11/21/60     28        185   

 

A-10


TENTH SUPPLEMENTAL INDENTURE dated May 1, 1962

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  06/07/62     188        123   

Bay

  06/15/62     70        173   

Brevard

  10/30/91     3157        3858   

Citrus

  06/08/62     120        221   

Columbia

  06/05/62     130        187   

Dixie

  06/05/62     15        36   

Flagler

  10/30/91     456        852   

Franklin

  06/06/62     58        333   

Gadsden

  06/05/62     45        493   

Gilchrist

  06/05/62     7        261   

Gulf

  06/06/62     14        147   

Hamilton

  06/05/62     46        407   

Hardee

  06/05/62     16        449   

Hernando

  06/05/62     82        326   

Highlands

  06/11/62     148        617   

Hillsborough

  06/11/62     949        738   

Jefferson

  06/05/62     13        606   

Lafayette

  06/08/62     39        385   

Lake

  06/06/62     204        1   

Leon

  06/11/62     48        49   

Levy

  06/05/62     27        574   

Liberty

  06/06/62     0        214   

Madison

  06/05/62     20        76   

Marion

  06/15/62     112        412   

Orange

  06/06/62     1060        464   

Osceola

  06/05/62     90        389   

Pasco

  06/08/62     202        457   

Pinellas

  06/01/62     1438        571   

Polk

  06/14/62     605        696   

Seminole

  06/13/62     408        102   

Sumter

  06/13/62     40        85   

Suwanee

  06/05/62     116        273   

Taylor

  06/05/62     34        330   

Volusia

  06/20/62     456        46   

Wakulla

  06/11/62     31        349   

 

A-11


ELEVENTH SUPPLEMENTAL INDENTURE dated April 1, 1965

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  05/21/65     324        610   

Bay

  05/28/65     158        231   

Brevard

  10/30/91     3157        3894   

Citrus

  05/13/65     179        485   

Columbia

  05/17/65     184        314   

Dixie

  05/13/65     6        485   

Flagler

  10/30/91     456        888   

Franklin

  05/19/65     72        497   

Gadsden

  05/18/65     73        410   

Gilchrist

  05/13/65     17        11   

Gulf

  05/18/65     24        717   

Hamilton

  05/13/65     63        327   

Hardee

  05/13/65     47        377   

Hernando

  05/13/65     112        236   

Highlands

  05/21/65     232        421   

Hillsborough

  05/12/65     1448        57   

Jefferson

  05/14/65     23        198   

Lafayette

  05/13/65     1        687   

Lake

  05/19/65     287        74   

Leon

  05/21/65     178        48   

Levy

  05/21/65     34        519   

Liberty

  05/14/65     6        1   

Madison

  05/14/65     34        399   

Marion

  05/24/65     228        528   

Orange

  05/25/65     1445        830   

Osceola

  05/18/65     132        351   

Pasco

  05/13/65     291        437   

Pinellas

  05/12/65     2154        77   

Polk

  05/17/65     929        371   

Seminole

  05/19/65     535        241   

Sumter

  05/14/65     68        83   

Suwanee

  05/17/65     24        673   

Taylor

  05/17/65     56        129   

Volusia

  05/19/65     708        531   

Wakulla

  05/17/65     8        6   

 

A-12


TWELFTH SUPPLEMENTAL INDENTURE dated November 1, 1965

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  12/10/65     355        229   

Bay

  12/20/65     174        619   

Brevard

  10/30/91     3157        3931   

Citrus

  12/22/65     192        309   

Columbia

  12/10/65     194        338   

Dixie

  12/10/65     9        42   

Flagler

  10/30/91     456        925   

Franklin

  12/13/65     76        249   

Gadsden

  12/10/65     78        606   

Gilchrist

  12/10/65     19        447   

Gulf

  12/10/65     26        692   

Hamilton

  12/10/65     66        303   

Hardee

  12/10/65     53        426   

Hernando

  12/13/65     118        441   

Highlands

  12/20/65     248        20   

Hillsborough

  12/17/65     1548        603   

Jefferson

  12/10/65     24        595   

Lafayette

  12/10/65     2        671   

Lake

  12/20/65     301        528   

Leon

  12/20/65     205        170   

Levy

  12/20/65     36        184   

Liberty

  12/10/65     6        477   

Madison

  12/11/65     36        806   

Marion

  12/27/65     254        153   

Orange

  12/10/65     1499        785   

Osceola

  12/10/65     140        445   

Pasco

  12/13/65     312        19   

Pinellas

  12/09/65     2283        186   

Polk

  12/20/65     984        641   

Seminole

  12/22/65     559        591   

Sumter

  12/14/65     73        283   

Suwanee

  12/14/65     30        218   

Taylor

  12/10/65     59        361   

Volusia

  12/10/65     755        174   

Wakulla

  12/20/65     9        390   

 

A-13


THIRTEENTH SUPPLEMENTAL INDENTURE dated August 1, 1967

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  08/22/67     458        347   

Bay

  08/28/67     223        457   

Brevard

  10/30/91     3157        3964   

Citrus

  08/28/67     218        756   

Columbia

  08/22/67     225        304   

Dixie

  08/22/67     15        367   

Flagler

  10/30/91     456        962   

Franklin

  08/28/67     83        556   

Gadsden

  08/23/67     96        29   

Gilchrist

  08/22/67     25        131   

Gulf

  08/22/67     33        618   

Hamilton

  08/23/67     76        465   

Hardee

  08/22/67     71        366   

Hernando

  08/28/67     137        646   

Highlands

  08/30/67     288        585   

Hillsborough

  08/28/67     1795        635   

Jefferson

  08/23/67     30        662   

Lafayette

  08/22/67     5        694   

Lake

  08/25/67     342        196   

Leon

  08/30/67     280        594   

Levy

  08/28/67     41        262   

Liberty

  08/23/67     10        90   

Madison

  08/23/67     44        606   

Marion

  09/01/67     324        444   

Orange

  08/24/67     1660        421   

Osceola

  08/22/67     164        335   

Pasco

  08/28/67     370        728   

Pinellas

  08/21/67     2659        498   

Polk

  09/06/67     1108        900   

Seminole

  08/31/67     628        506   

Sumter

  09/06/67     87        602   

Suwanee

  08/23/67     47        228   

Taylor

  08/24/67     67        782   

Volusia

  08/24/67     964        254   

Wakulla

  08/31/67     14        755   

 

A-14


FOURTEENTH SUPPLEMENTAL INDENTURE dated November 1, 1968

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  12/06/68     543        198   

Bay

  12/18/68     262        487   

Brevard

  10/30/91     3157        3984   

Citrus

  12/09/68     239        487   

Columbia

  12/09/68     242        397   

Dixie

  12/09/68     20        109   

Flagler

  10/30/91     456        983   

Franklin

  12/06/68     88        538   

Gadsden

  12/12/68     110        7   

Gilchrist

  12/06/68     29        281   

Gulf

  12/09/68     38        359   

Hamilton

  12/06/68     82        245   

Hardee

  12/06/68     83        221   

Hernando

  12/09/68     164        395   

Highlands

  12/11/68     319        390   

Hillsborough

  12/19/68     1977        890   

Jefferson

  12/09/68     35        32   

Lafayette

  12/06/68     9        170   

Lake

  12/06/68     371        438   

Leon

  12/19/68     342        572   

Levy

  12/09/68     44        215   

Liberty

  12/09/68     12        41   

Madison

  12/09/68     49        627   

Marion

  12/20/68     375        12   

Orange

  12/06/68     1785        837   

Osceola

  12/06/68     183        688   

Pasco

  12/06/68     423        607   

Pinellas

  12/06/68     2964        580   

Polk

  12/10/68     1193        854   

Seminole

  12/18/68     695        638   

Sumter

  01/02/69     98        509   

Suwanee

  12/06/68     60        50   

Taylor

  12/09/68     73        494   

Volusia

  12/09/68     1060        466   

Wakulla

  12/19/68     18        593   

 

A-15


FIFTEENTH SUPPLEMENTAL INDENTURE dated August 1, 1969

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  08/26/69     592        206   

Bay

  09/03/69     283        513   

Brevard

  10/30/91     3157        4002   

Citrus

  08/26/69     251        437   

Columbia

  09/05/69     251        586   

Dixie

  08/26/69     21        705   

Flagler

  10/30/91     456        1001   

Franklin

  08/26/69     92        363   

Gadsden

  08/26/69     116        723   

Gilchrist

  09/04/69     31        539   

Gulf

  08/26/69     41        23   

Hamilton

  08/26/69     85        292   

Hardee

  08/26/69     91        19   

Hernando

  09/03/69     191        745   

Highlands

  09/05/69     339        90   

Hillsborough

  09/03/69     2073        501   

Jefferson

  08/26/69     37        193   

Lafayette

  08/26/69     12        235   

Lake

  09/11/69     389        148   

Leon

  09/05/69     377        548   

Levy

  08/26/69     6        348   

Liberty

  08/29/69     12        680   

Madison

  08/26/69     52        263   

Marion

  09/08/69     399        668   

Orange

  08/27/69     1867        156   

Osceola

  09/03/69     192        726   

Pasco

  08/26/69     459        315   

Pinellas

  08/26/69     3149        131   

Polk

  09/04/69     1241        971   

Seminole

  09/05/69     740        500   

Sumter

  09/05/69     104        504   

Suwanee

  08/26/69     66        489   

Taylor

  08/26/69     77        44   

Volusia

  08/26/69     1123        577   

Wakulla

  09/05/69     21        231   

 

A-16


SIXTEENTH SUPPLEMENTAL INDENTURE dated February 1, 1970

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  03/13/70     625        297   

Bay

  03/23/70     298        539   

Brevard

  10/30/91     3157        4019   

Citrus

  03/16/70     261        729   

Columbia

  03/13/70     257        622   

Dixie

  03/13/70     23        107   

Flagler

  10/30/91     456        1019   

Franklin

  03/13/70     94        507   

Gadsden

  03/13/70     121        571   

Gilchrist

  03/20/70     33        449   

Gulf

  03/16/70     43        244   

Hamilton

  03/14/70     87        291   

Hardee

  03/16/70     97        225   

Hernando

  03/20/70     212        536   

Highlands

  03/20/70     352        25   

Hillsborough

  03/20/70     2146        824   

Jefferson

  03/13/70     38        643   

Lafayette

  03/16/70     14        42   

Lake

  03/13/70     400        545   

Leon

  04/02/70     406        203   

Levy

  03/20/70     11        150   

Liberty

  03/13/70     13        494   

Madison

  03/13/70     54        152   

Marion

  03/20/70     419        113   

Orange

  03/20/70     1927        853   

Osceola

  03/13/70     199        282   

Pasco

  03/13/70     487        207   

Pinellas

  03/23/70     3294        582   

Polk

  03/27/70     1278        4   

Seminole

  03/20/70     771        384   

Sumter

  03/27/70     109        1   

Suwanee

  03/13/70     71        61   

Taylor

  03/16/70     79        282   

Volusia

  03/13/70     1183        353   

Wakulla

  03/24/70     23        36   

 

A-17


SEVENTEENTH SUPPLEMENTAL INDENTURE dated November 1, 1970

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  12/15/70     678        70   
  01/08/71     682        405B   

Bay

  01/11/71     321        565   

Brevard

  10/30/91     3157        4030   

Citrus

  01/07/71     277        324   

Columbia

  12/16/70     266        25   
  01/07/71     266        351   

Dixie

  01/07/71     25        246   

Flagler

  10/30/91     456        1030   

Franklin

  12/15/70     98        171   
  01/18/71     98        472   

Gadsden

  01/07/71     128        705   

Gilchrist

  01/13/71     36        5   

Gulf

  12/16/70     46        132   

Hamilton

  12/16/70     90        201   
  01/08/71     90        325   

Hardee

  12/16/70     106        109   
  01/07/71     107        15   

Hernando

  12/16/70     246        299   
  01/13/71     252        715   

Highlands

  01/11/71     372        79   

Hillsborough

  01/11/71     2261        308   

Jefferson

  12/16/70     41        467   

Lafayette

  01/06/71     16        144   

Lake

  01/12/71     421        742   

Leon

  01/14/71     449        244   

Levy

  01/11/71     18        65   

Liberty

  12/16/70     14        535   

Madison

  01/07/71     56        911   

Marion

  01/11/71     449        33   

Orange

  01/11/71     2021        24   

Osceola

  01/29/71     212        353   

Pasco

  01/08/71     524        86   

Pinellas

  01/14/71     3467        449   

Polk

  01/14/71     1331        880   

Seminole

  01/11/71     819        223   

Sumter

  01/11/71     115        308   

Suwanee

  12/17/70     77        82   

Taylor

  12/17/70     83        53   

Volusia

  01/11/71     1257        142   

Wakulla

  01/12/71     26        175   

 

A-18


EIGHTEENTH SUPPLEMENTAL INDENTURE dated October 1, 1971

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  11/17/71     755        116   

Bay

  11/09/71     351        33   

Brevard

  10/30/91     3157        4062   

Citrus

  11/16/71     296        490   

Columbia

  11/15/71     278        597   

Dixie

  11/09/71     31        23   

Flagler

  10/30/91     456        1062   

Franklin

  11/09/71     103        278   

Gadsden

  11/10/71     138        360   

Gilchrist

  11/16/71     39        92   

Gulf

  11/11/71     49        107   

Hamilton

  11/09/71     93        538   

Hardee

  11/09/71     119        63   

Hernando

  11/17/71     280        1   

Highlands

  11/16/71     393        578   

Hillsborough

  11/17/71     2393        263   

Jefferson

  11/11/71     45        135   

Lafayette

  11/09/71     19        91   

Lake

  11/16/71     447        834   

Leon

  11/12/71     496        190   

Levy

  11/16/71     26        748   

Liberty

  11/10/71     16        108   

Madison

  11/11/71     61        220   

Marion

  11/16/71     487        239   

Orange

  11/18/71     2144        179   

Osceola

  11/10/71     229        360   

Pasco

  11/12/71     569        344   

Pinellas

  11/09/71     3659        630   

Polk

  11/16/71     1400        1   

Seminole

  11/16/71     892        460   

Sumter

  11/09/71     123        457   

Suwanee

  11/12/71     86        28   

Taylor

  11/09/71     87        706   

Volusia

  11/09/71     1352        118   

Wakulla

  11/16/71     30        218   

 

A-19


NINETEENTH SUPPLEMENTAL INDENTURE dated June 1, 1971

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  07/31/72     797        81   

Bay

  07/31/72     378        483   

Brevard

  10/30/91     3157        4079   

Citrus

  08/01/72     314        557   

Columbia

  07/31/72     290        418   

Dixie

  07/31/72     35        44   

Flagler

  10/30/91     456        1079   

Franklin

  07/31/72     107        442   

Gadsden

  07/31/72     147        296   

Gilchrist

  07/31/72     41        148   

Gulf

  07/31/72     51        371   

Hamilton

  07/31/72     96        573   

Hardee

  07/31/72     130        35   

Hernando

  07/31/72     295        702   

Highlands

  07/31/72     409        578   

Hillsborough

  07/31/72     2518        15   

Jefferson

  07/31/72     48        389   

Lafayette

  08/04/72     22        70   

Lake

  08/02/72     474        134   

Leon

  08/02/72     537        763   

Levy

  08/02/72     35        5   

Liberty

  08/03/72     17        319   

Madison

  08/03/72     65        120   

Marion

  08/02/72     521        427   

Orange

  08/03/72     2259        950   

Osceola

  08/02/72     245        626   

Pasco

  08/03/72     619        487   

Pinellas

  08/02/72     3846        454   

Polk

  08/02/72     1467        276   

Seminole

  08/03/72     948        1035   

Sumter

  08/02/72     131        348   

Suwanee

  08/02/72     93        785   

Taylor

  08/03/72     92        198   

Volusia

  08/02/72     1456        420   

Wakulla

  08/03/72     33        147   

 

A-20


TWENTIETH SUPPLEMENTAL INDENTURE dated November 1, 1972

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  01/22/73     818        709   

Bay

  01/22/73     400        226   

Brevard

  10/30/91     3157        4096   

Citrus

  01/22/73     328        152   

Columbia

  01/22/73     298        244   

Dixie

  01/22/73     38        92   

Flagler

  10/30/91     456        1096   

Franklin

  01/22/73     110        446   

Gadsden

  01/22/73     154        117   

Gilchrist

  01/22/73     42        685   

Gulf

  01/22/73     52        813   

Hamilton

  01/22/73     99        270   

Hardee

  01/22/73     138        88   

Hernando

  01/22/73     306        325   

Highlands

  01/22/73     422        5   

Hillsborough

  01/22/73     2612        659   

Jefferson

  01/23/73     50        632   

Lafayette

  01/22/73     23        338   

Lake

  01/22/73     492        696   

Leon

  01/25/73     567        238   

Levy

  01/22/73     40        755   

Liberty

  01/23/73     18        51   

Madison

  01/23/73     67        413   

Marion

  01/22/73     546        125   

Orange

  01/22/73     2345        569   

Osceola

  01/24/73     256        564   

Pasco

  01/22/73     654        281   

Pinellas

  01/23/73     3980        788   

Polk

  01/24/73     1514        854   

Seminole

  01/22/73     136        696   

Sumter

  01/22/73     136        696   

Suwanee

  01/22/73     98        583   

Taylor

  01/22/73     95        99   

Volusia

  01/22/73     1533        327   

Wakulla

  01/26/73     35        266   

 

A-21


TWENTY-FIRST SUPPLEMENTAL INDENTURE dated June 1, 1973

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  08/30/73     850        668   

Bay

  08/30/73     431        401   

Brevard

  10/30/91     3157        4126   

Citrus

  08/31/73     349        609   

Columbia

  08/30/73     309        245   

Dixie

  08/30/73     41        473   

Flagler

  10/30/91     456        1126   

Franklin

  08/31/73     115        120   

Gadsden

  08/31/73     164        90   

Gilchrist

  08/31/73     45        387   

Gulf

  09/04/73     54        736   

Hamilton

  09/04/73     104        250   

Hardee

  08/31/73     149        295   

Hernando

  08/31/73     321        479   

Highlands

  08/31/73     442        961   

Hillsborough

  08/31/73     2740        278   

Jefferson

  08/31/73     54        591   

Lafayette

  09/07/73     26        73   

Lake

  08/31/73     520        70   

Leon

  09/06/73     609        543   

Levy

  09/05/73     50        741   

Liberty

  08/31/73     19        111   

Madison

  08/31/73     71        22   

Marion

  09/04/73     585        491   

Orange

  09/07/73     2448        1009   

Osceola

  09/06/73     272        204   

Pasco

  09/04/73     707        613   

Pinellas

  08/31/73     4073        767   

Polk

  08/31/73     1550        1341   

Seminole

  09/04/73     993        0048   

Sumter

  08/31/73     144        265   

Suwanee

  09/04/73     106        192   

Taylor

  08/31/73     99        444   

Volusia

  08/31/73     1647        440   

Wakulla

  08/31/73     38        458   

 

A-22


TWENTY-SECOND SUPPLEMENTAL INDENTURE dated December 1, 1973

STATE OF FLORIDA

 

County

 

Date of Recordation

 

Book

   

Page

 

Alachua

  02/28/74     876        74   

Bay

  02/28/74     457        572   

Brevard

  10/30/91     3157        4155   

Citrus

  03/18/74     365        200   

Columbia

  03/01/74     319        179   

Dixie

  02/28/74     44        149   

Flagler

  10/30/91     456        1155   

Franklin

  03/01/74     119        14   

Gadsden

  03/01/74     171        264   

Gilchrist

  02/28/74     48        25   

Gulf

  03/01/74     56        427   

Hamilton

  03/01/74     109        89   

Hardee

  02/28/74     158        140   

Hernando

  02/28/74     333        455   

Highlands

  02/28/74     458        394   

Hillsborough

  02/28/74     2842        642   

Jefferson

  03/01/74     58        5   

Lafayette

  03/01/74     28        34   

Lake

  03/04/74     540        77   

Leon

  03/01/74     638        672   

Levy