Document:

FORM OF REGISTRANT'S 3.75% SENIOR NOTES DUE 2008

  
 Exhibit 4.1 
  
 CUSIP #064057BE1 
  
 THIS SECURITY IS NOT A SAVINGS ACCOUNT, DEPOSIT OR OTHER OBLIGATION OF ANY BANK OR NONBANK SUBSIDIARY OF THE COMPANY AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE BANK INSURANCE
FUND OR ANY OTHER GOVERNMENTAL AGENCY. 
  
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE OR THE RELATED OFFICERS’ CERTIFICATE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE
OF THE DEPOSITARY. 
  
 Unless this Security is presented by an authorized representative of The Depository Trust
Company, a New York corporation (“DTC”), to the Issuer 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. 
  
 THE BANK OF NEW YORK COMPANY,
INC. 
 3.75% SENIOR NOTES DUE 2008 
  
 No.    
102                                        
                                        
                                        
        $300,000,000 
  
 THE BANK OF NEW YORK COMPANY, INC., a corporation
duly organized and existing under the laws of the State of New York (herein called the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to
CEDE & CO. or registered assigns, the principal sum of Three Hundred Million Dollars ($300,000,000) on February 15, 2008, and to pay interest thereon from November 21, 2003 or from the most recent Interest Payment Date to which interest has been
paid or duly 

 provided for, semi-annually on February 15 and August 15 in each year, commencing February 15, 2003, at the rate of 3.75% per annum, until the
principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the fifteenth calendar day (whether or not a Business Day) next preceding such Interest Payment Date. Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be
paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided
in the Indenture. 
  
 Payment of the principal of and interest on this Security will be made at the office or agency
of the Company maintained for that purpose in The Borough of Manhattan, The City of New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided,
however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled hereto as such address shall appear in the Security Register. 
  
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under
an Indenture, dated as of July 18, 1991 (herein called the “Indenture”), between the Company and Deutsche Bank Trust Company Americas (f/k/a Bankers Trust Company), as Trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee
and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated above. 
  
 This Global Security shall be exchangeable for Securities of this series registered in the names of persons other than the Depositary or its nominee only if (i) the
Depositary notifies the Company that it is unwilling or unable to continue as the Depositary or if at any time such Depositary ceases to be a clearing agency registered under the United States Securities Exchange Act of 1934, at a time when such
Depositary is required to be so registered in order to act as Depositary, (ii) the 

 

 Company executes and delivers to the Trustee a Company order that the Global Security shall be so exchangeable or (iii) there shall have
occurred and be continuing an Event of Default, or an event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default, with respect to the Securities of this series. To the extent that this Global Security
is exchangeable pursuant to the preceding sentence, it shall be exchangeable for Securities of this series registered in such names as the Depositary shall direct. 
  
 Notwithstanding any other provision herein, this Global Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee
of the Depositary to the Depositary or another nominee of the Depositary. 
  
 The Indenture contains provisions for
defeasance at any time of (a) the entire indebtedness evidenced by this Security and (b) certain restrictive covenants, in each case upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Security.

  
 If an Event of Default with respect to securities of this series shall occur and be continuing, the principal of
the securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
  
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected
under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions
permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of
the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any
security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether 

 

 or not notation of such consent or waiver is made upon this Security. 
  
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
  
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registerable in the Security Register, upon surrender of this Security for
registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company
and the security registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees. 
  
 The Securities of this series are issuable only in registered
form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of
Securities of this series of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
  
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

 
 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 

 

  
 The Depositary by acceptance of this Global Security agrees that it will not
sell, assign, transfer or otherwise convey any beneficial interest in this Global Security unless such beneficial interest is in an amount equal to an authorized denomination for Securities of this series. 
  
 This Security shall be governed by and construed in accordance with the laws of the State of New York. 
  
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

  
 Unless the certificate of authentication hereon has been executed by the Trustee referred to herein by manual
signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  
  
  
 [This space left blank intentionally] 

 

  
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal. 
  
 Dated:  November 21, 2002 
  
 THE BANK OF NEW YORK COMPANY, INC. 
  
 By:                                     
                                        
      
  
 [SEAL] 
  

Attest: 
  
  
 
 
 CERTIFICATE OF AUTHENTICATION 
  
 This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture. 
  
 DEUTSCHE BANK TRUST COMPANY AMERICAS 
 as Trustee 
  
 By:    The Bank
of New York 
             Authenticating Agent 
  
 By:OFFICERS' CERTIFICATE PURSUANT TO SECTION 201

  
 Exhibit 4.2 
  
 THE BANK OF NEW YORK COMPANY, INC. 
  
 Officers’ Certificate Pursuant 
  
 to 
  
 Sections 201 and 301 of the Indenture 
  
 Pursuant to resolutions of the Board of Directors, dated May 14, 2002 (the “Resolutions”), of The Bank of New York Company, Inc. (the “Company”), and an Action, dated November 14, 2002 (the “Action”), of
an Authorized Officer (as defined in the Resolutions) of the Company pursuant to the Resolutions and Sections 201 and 301 of the Indenture, dated as of July 18, 1991 (the “Indenture”), between the Company and Deutsche Bank Trust Company
Americas (f/k/a Bankers Trust Company), as Trustee (the “Trustee”), the undersigned certify that the terms of a series of Securities established pursuant to the Resolutions, the Action and Section 301 of the Indenture shall be as follows
(capitalized terms not defined herein shall have the meanings assigned to them in the Indenture): 
  
 (1)    The title of the Securities of such series is “3.75% Senior Notes due 2008” (the “Notes”). 
  
 (2)    The aggregate principal amount of the Notes which may be authenticated and delivered under the Indenture shall be $300,000,000, subject to being increased in the future on
the same terms and conditions (except for the issue price, the issuance date and, in some cases, the first interest payment date) and with the same CUSIP number, as permitted under Section 301 of the Indenture (except for Notes authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 304, 305, 306, 906 or 1107 of the Indenture and except for any Notes which, pursuant to Section 303, are deemed never to have been
delivered thereunder). 
  
 (3)    Each Note shall mature, and the principal amount thereof shall
be payable, on February 15, 2008. 
  
 (4)    The rate at which each Note shall bear interest
shall be 3.75% per annum. Each Note shall bear interest from November 21, 2002 or from the last date to which payment of interest has been made or duly provided for. Interest on the Notes shall be payable semi-annually on February 15 and August 15
of each year (each an “Interest Payment Date”), commencing February 15, 2003. Interest shall be payable to the person in whose name a Note (or any Predecessor Security) is registered at the close of business on the fifteenth calendar day
(each a “Regular Record Date”) next preceding each Interest Payment Date. 

 (5)    The Notes may not be redeemed by the Company prior to Maturity. 
  
 (6)    The Notes will not have the benefit of any sinking fund. 
  

(7)    The Notes will be subject to Sections 1302 and 1303 of the Indenture. 
  
 (8)    The Notes shall be issued initially in the form of one or more permanent Global Notes (collectively, the “Global Note”) and the
Depositary for such Global Note shall initially be The Depository Trust Company (the “Depositary”). 
  
 Except as otherwise set forth herein, in the Indenture or in the Global Note, owners of beneficial interests in the Notes evidenced by the Global Note will not be entitled to any rights under the Indenture with respect to the Global
Note, and the Depositary may be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the owner of the Global Note for all purposes whatsoever. 
  
 The Depositary shall be a clearing agency registered under the Securities Exchange Act of 1934, as amended. Initially, the Global Note shall be held by the Paying Agent as
custodian for the Depositary and registered in the name of Cede & Co., as the nominee of the Depositary. 
  
 (9)    The Company’s obligations under the Notes shall rank pari passu in right of payment with other Securities authenticated and delivered under the Indenture. 
  
 (10)    The Notes will be substantially in the form of Annex A attached hereto, with such modifications thereto as may
be approved by an Authorized Officer. 
  
 IN WITNESS WHEREOF, the undersigned, hereto duly authorized, have duly
signed, and delivered or caused to be delivered to the Trustee under the Indenture, this Officers’ Certificate. 
  
 
	 Dated: November 21, 2002
 
	 
	 By:
 	 	 /s/    Bruce Van Saun         
 

	  	 	 Bruce Van Saun
 Senior Executive Vice President
     and Chief Financial Officer
 
	 
	 By:
 	 	 /s/    J. Michael Shepherd         
 

	  	 	 J. Michael Shepherd
 Executive Vice President,
 General Counsel and Secretary

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