Document:

Exhibit 4.22

 

	
 
    

 

UNION ELECTRIC COMPANY

 

TO

 

ST. LOUIS UNION TRUST COMPANY

As Trustee

 

 

Supplemental Indenture

DATED JULY 1, 1956

 

 

First Mortgage Bonds,

33⁄4% Series due 1986

 

	
 
    

 

 

UNION ELECTRIC COMPANY

SUPPLEMENTAL INDENTURE

Dated July 1, 1956

 

 

TABLE OF CONTENTS

 

Inserted for convenience only and not as a part of the

Supplemental Indenture dated July 1, 1956

 

	
 
    	
 
    	
PAGE
    
	
 
    	
 
    
	
PARTIES
    	
1
    
	
RECITALS
    	
1
    
	
GRANTING   CLAUSES
    	
3
    
	
HABENDUM
    	
12
    
	
SUBJECT   TO CERTAIN EXCEPTIONS
    	
12
    
	
GRANT   IN TRUST
    	
13
    
	
GENERAL   COVENANT
    	
13
    
	
 
    	
 
    
	
ARTICLE I
    
	
 
    
	
DESCRIPTION OF   BONDS OF 1986 SERIES
    
	
 
    	
 
    	
 
    
	
Sec. 1.
    	
General description of   Bonds of 1986 Series
    	
13
    
	
Sec. 2.
    	
Denominations of Bonds   of 1986 Series and privilege of exchange
    	
14
    
	
Sec. 3.
    	
Forms of Bonds of 1986   Series
    	
15
    
	
 
    	
Form of   coupon Bond
    	
15
    
	
 
    	
Form of   coupon
    	
21
    
	
 
    	
Form of   registered Bond without coupons
    	
22
    
	
 
    	
Form of   Trustee’s certificate
    	
27
    
	
Sec. 4.
    	
Execution   of and form of temporary Bonds of 1986 Series
    	
27
    
	
 
    	
 
    	
 
    
	
ARTICLE II
    
	
 
    
	
ISSUE OF BONDS   OF 1986 SERIES
    
	
 
    	
 
    	
 
    
	
Sec. 1.
    	
Limitation as to   principal amount
    	
28
    
	
Sec. 2.
    	
Initial issue of   $40,000,000 principal amount of Bonds of 1986 Series
    	
28
    

 

 

	
 
    	
PAGE
    
	
 
    	
 
    
	
ARTICLE III
    
	
 
    
	
REDEMPTION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Sec. 1
    	
Bonds of 1986   Series redeemable
    	
28
    
	
 
    	
Redemption   prices (other than for Improvement Fund or upon application of moneys   included in the trust estate)
    	
29
    
	
Sec. 2.
    	
Notice of redemption
    	
29
    
	
 
    	
 
    	
 
    
	
ARTICLE IV
    
	
 
    
	
IMPROVEMENT FUND   FOR BONDS OF 1986 SERIES AND
    
	
APPLICATION OF   THE MAINTENANCE FUND
    
	
 
    	
 
    	
 
    
	
Sec. 1.
    	
Company   to provide Improvement Fund for Bonds of 1986 Series
    	
30
    
	
Sec. 2.
    	
Credit   against Improvement Fund for Bonds of 1986 Series delivered to Trustee
    	
31
    
	
Sec. 3.
    	
Improvement   Fund moneys required to be applied to redemption of Bonds of 1986   Series—Company required to provide, from sources other than Improvement Fund,   accrued interest and premium on Bonds so redeemed
    	
32
    
	
 
    	
Improvement   Fund redemption prices for Bonds of 1986 Series
    	
33
    
	
 
    	
Disposition   of Bonds of 1986 Series delivered to Trustee in lieu of cash or redeemed
    	
34
    
	
Sec. 4.
    	
Credit   against Improvement Fund on basis of property additions not subject to an   unfunded prior lien
    	
34
    
	
 
    	
Engineer’s   certificate respecting amount of net bondable value of property additions
    	
35
    
	
 
    	
Requirements   concerning future engineer’s certificates respecting net bondable value of   property additions
    	
36
    
	
Sec. 5.
    	
Continuation   of Maintenance Fund for Bonds of 1986 Series
    	
38
    
	
 
    	
Net   bondable value used as credit against Improvement Fund for Bonds of 1986   Series not available for credit against Maintenance Fund
    	
38
    
	
 
    	
Refundable   Bonds delivered to Trustee for credit against Improvement Fund for Bonds of   1986 Series not available as credit against Maintenance Fund
    	
38
    
	
 
    	
Requirements   of engineer’s certificate respecting Maintenance Fund
    	
39
    
	
 
    	
Disposition   of cash deposited with Trustee pursuant to Maintenance Fund
    	
39
    
	
Sec. 6.
    	
Company   permitted to withdraw cash deposited or restore certain credits taken   pursuant to Maintenance Fund
    	
39
    

 

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PAGE
    
	
 
    	
 
    	
 
    
	
ARTICLE V
    
	
 
    
	
COVENANTS
    
	
 
    	
 
    	
 
    
	
Sec. 1.
    	
Of   seisin and title
    	
40
    
	
Sec. 2.
    	
Additional   earnings test required for issue of additional Bonds
    	
40
    
	
 
    	
Definition   of “net earnings of the Company available for interest after property   retirement appropriations”
    	
41
    
	
 
    	
Definition   of “gross operating revenues of the Company”
    	
43
    
	
Sec. 3.
    	
Exclusion   of $22,500,000 from net bondable value of property additions available for   purposes of Indenture
    	
44
    
	
Sec. 4.
    	
Against   issuance of additional prior lien bonds secured by unfunded prior liens   except under certain conditions
    	
44
    
	
Sec. 5.
    	
Against   acquisition of property subject to unfunded prior liens except under certain   conditions
    	
45
    
	
Sec. 6.
    	
Against   payment of dividends, etc., on Common Stock subsequent to June 30,   1956 in excess of net income applicable to the Common Stock of the Company   subsequent to such date plus $14,500,000
    	
46
    
	
 
    	
Definition   of “net income of the Company applicable to the Common Stock of the Company”
    	
46
    
	
 
    	
 
    	
 
    
	
ARTICLE VI
    
	
 
    
	
THE TRUSTEE
    
	
 
    	
 
    	
 
    
	
Acceptance of trusts by   the Trustee
    	
47
    
	
Trustee not responsible   for validity of Supplemental Indenture
    	
47
    
	
 
    	
 
    	
 
    
	
ARTICLE VII
    
	
 
    
	
MISCELLANEOUS PROVISIONS
    
	
 
    	
 
    	
 
    
	
Meanings of terms   contained in the Supplemental Indenture
    	
47
    
	
Execution of the   Supplemental Indenture in counterparts
    	
47
    
	
 
    	
 
    
	
TESTIMONIUM
    	
47
    
	
EXECUTION
    	
48
    
	
COMPANY’S   ACKNOWLEDGMENT
    	
49
    
	
TRUSTEE’S   ACKNOWLEDGMENT
    	
50
    

 

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Supplemental Indenture, dated the first day of July, One thousand nine hundred and fifty-six (1956) made by and between UNION ELECTRIC COMPANY, a corporation organized and existing under the laws of the State of Missouri (hereinafter called the “Company”), party of the first part, and ST. LOUIS UNION TRUST COMPANY, a corporation organized and existing under the laws of of the State of Missouri (hereinafter called the “Trustee”), as Trustee under the Mortgage and Deed of Trust dated June 15, 1937, hereinafter mentioned, party of the second part;

 

WHEREAS, the Company has heretofore executed and delivered to the Trustee its Mortgage and Deed of Trust dated June 15, 1937, as amended May 1, 1941 (said Mortgage and Deed of Trust, as so amended, being hereinafter sometimes referred to as the “Original Indenture”), to secure the payment of the principal of and the interest (and premium, if any) on all bonds at any time issued and outstanding thereunder ; and indentures supplemental thereto dated June 15, 1937, May 1, 1941, March 17, 1942, April 13, 1945, April 27, 1945, October 1, 1945, April 11, 1947, April 13, 1949, September 13, 1950, December 1, 1950, September 20, 1951, May 1, 1952, March 1, 1954, May 1, 1955, August 31, 1955, and April 1, 1956, respectively, have heretofore been entered into between the Company and the Trustee; and

 

WHEREAS, Bonds heretofore designated as First Mortgage and Collateral Trust Bonds have been issued by the Company under said Mortgage and Deed of Trust, or under said Mortgage and Deed of Trust as amended, prior to the date hereof as follows:

 

(1)         $80,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 33⁄4% Series due 1962, all of which have been redeemed prior to the date of the execution hereof;

 

(2)         $90,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 33/8% Series due 1971 (herein called the “Bonds of 1971 Series”), which are described in the Supplemental Indenture dated May 1, 1941 (hereinafter called the “Supplemental Indenture of May 1, 1941”), all of which are outstanding at the date of the execution hereof;

 

 

(3)         $13,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 23⁄4% Series due 1975 (herein called the “Bonds of 1975 Series”), which are described in the Supplemental Indenture dated October 1, 1945 (hereinafter called the “Supplemental Indenture of October 1, 1945”) all of which are outstanding at the date of the execution hereof;

 

(4)         $25,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 27/8% Series due 1980 (herein called the “Bonds of 1980 Series”), which are described in the Supplemental Indenture dated December 1, 1950 (hereinafter called the “Supplemental Indenture of December 1, 1950”) all of which are outstanding at the date of the execution hereof; and

 

(5)         $30,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 31⁄4% Series due 1982 (herein called the “Bonds of 1982 Series”), which are described in the Supplemental Indenture dated May 1, 1952 (hereinafter referred to as the “Supplemental Indenture of May 1, 1952”) all of which are outstanding at the date of the execution hereof;

 

and

 

WHEREAS, the Company on August 31, 1955 acquired all of the properties of Union Electric Power Company, the Subsidiary as defined in Article I of the Original Indenture, upon the dissolution of the Subsidiary; the Company, by Supplemental Indenture dated August 31, 1955, conveyed all of the properties so acquired (other than property of the character defined as excepted property in the granting clauses of the Original Indenture) to the Trustee upon the terms and trusts in the Original Indenture and the indentures supplemental thereto set forth for the equal and proportionate benefit and security of all present and future holders of the Bonds and coupons issued and to be issued thereunder; all the shares of stock of the Subsidiary were released from the lien of the Original Indenture; and the Company has become entitled to change the general designation of the Bonds so as to omit the words “and Collateral Trust”; and

 

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WHEREAS, the Articles of Incorporation of the Company were duly amended on April 23, 1956 to change its corporate name from “Union Electric Company of Missouri” to “Union Electric Company”; and

 

WHEREAS, the Company is entitled at this time to have authenticated and delivered additional Bonds on the basis of net bondable value of property additions not subject to an unfunded prior lien, upon compliance with the provisions of Section 4 of Article III of the Original Indenture; and

 

WHEREAS, the Company desires by this Supplemental Indenture to provide for the creation of a new series of Bonds under the Original Indenture, to be designated “First Mortgage Bonds, 33⁄4% Series due 1986” (herein called the “Bonds of 1986 Series”), and the Original Indenture provides that certain terms and provisions, as determined by the Board of Directors of the Company, of the Bonds of any particular series may be expressed in and provided by the execution of an appropriate supplemental indenture; and

 

WHEREAS, the Original Indenture provides that the Company and the Trustee may enter into indentures supplemental to the Original Indenture specifically to convey, transfer and assign to the Trustee and to subject to the lien of the Original Indenture additional properties acquired by the Company; and

 

WHEREAS, the Company, in the exercise of the powers and authority conferred upon and reserved to it under the provisions of the Original Indenture and pursuant to appropriate resolutions 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 have been done, performed and fulfilled and the execution and delivery hereof have been in all respects duly authorized;

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

That, in consideration of the premises and of the mutual covenants herein contained and of the acceptance of this trust by the

 

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Trustee and of the sum of One Dollar duly paid by the Trustee to the Company at or before the time of the execution of this Supplemental Indenture, and of other valuable considerations, the receipt whereof is hereby acknowledged, and in order further to secure the payment of the principal of and interest (and premium, if any) on all Bonds at any time issued and outstanding under the Original Indenture, according to their tenor and effect, the Company has executed and delivered this Supplemental Indenture and has granted, bargained, sold, warranted, aliened, remised, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed and by these presents does grant, bargain, sell, warrant, alien, remise, release, convey, assign, transfer, mortgage, pledge, set over and confirm unto St. Louis Union Trust Company, as Trustee, and to its successors in trust under the Original Indenture forever, all and singular the following described properties (in addition to all other properties heretofore subjected to the lien of the Original Indenture and not heretofore released from the lien thereof)—that is to say:

 

FIRST.

 

The following described parcels of real estate, all of which are located in the States of Missouri, Illinois and Iowa in the respective cities and counties hereinafter specified:

 

CITY OF ST. LOUIS, MISSOURI

 

1.              Substation Site: Lots 3 and 4 on Plat “E” of the Sub division in Partition of Ann Biddle’s Estate and in Block 603 of the City of St. Louis, Missouri, fronting 80 feet on the west line of North Ninth Street by a depth westwardly of 125 feet to an alley; bounded on the north by a line 140 feet south of the south line of Mullanphy Street and subject to an easement over the northern 5 feet of Lot 4 to the owners of Lot 5; acquired by the Company by deed dated August 1, 1955, recorded in the office of the Recorder of Deeds for said City in Book 7539, Page 561.

 

ST. LOUIS COUNTY, MISSOURI

 

2.              Carson Substation Site: Two tracts of land in St. Louis County, Missouri, described as follows:

 

(a)         A parcel of land in Section 22, Township 46 North, Range 6 East, and being part of the abandoned right-of-way of

 

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St. Louis Public Service Company and described as follows: Beginning at a point, said point being the northeast corner of Lot 8 of Carsonville Center, a Subdivision recorded in Plat Book 39, Page 38, of the St. Louis County Records; thence southwardly along the east line of said Lot 8 and along the prolongation southwardly of the east line of said Lot 8 to a point in the west line of Carson Road; thence northwardly along the west line of Carson Road to a point, said point being the intersection of the west line of Carson Road and the eastward prolongation of the north line of said Lot 8; thence westwardly along the eastward prolongation of the north line of said Lot 8 to the northeast corner of said Lot 8, the point of beginning; acquired by the Company by deeds dated March 4, 1955 and April 12, 1955, recorded in the office of the Recorder of Deeds for said County in Book 3473, Page 613, and Book 3459, Page 384, respectively.

 

(b)         Lot 8 and the north 25 feet of Lot 7 of Carsonville Center, according to plat thereof recorded in Plat Book 39, Page 38, of the St. Louis County Records; acquired by the Company by deed dated March 4, 1955, recorded in the office of the Recorder of Deeds for said County in Book 3473, Page 613.

 

3.              Gravois Substation Site: Lot 4 and the east 40 feet of Lot 5 in Block 2 of City View Subdivision, St. Louis County, Missouri, according to the plat thereof recorded in Plat Book 17, Page 85, of the St. Louis County Records, excepting therefrom a 10 foot strip conveyed to the State of Missouri for the purpose of constructing and maintaining a State Highway according to deed recorded in Book 1053, Page 554, of the St. Louis County Records; subject to restrictions, conditions and easement of record and to any facts a survey may show; acquired by the Company by deed dated December 27, 1955, recorded in the office of the Recorder of Deeds for said County in Book 3538, Page 372.

 

4.              Halls Ferry Substation Site: Lots 23 and 24 in Block 75 of Castle Point Unit No. 3, St. Louis County, Missouri, according to plat thereof recorded in Plat Book 29, Pages 10 and 11 of the St. Louis County Records; subject to conditions and restrictions of record, if any; acquired by the Company by deed dated July 25, 1955, recorded in the office of the Recorder of Deeds for said County in Book 3471, Page 596.

 

5.              Manor Substation Site: A tract of land in U. S. Survey 2482, Township 47 North, Range 7 East, St. Louis County, Missouri, fronting 75 feet on the north line of U. S. Highway 66 by

 

5

 

a depth northwardly between parallel lines of 125 feet; bounded east by a line 135 feet west of the west line of property conveyed to William Gronemeier and wife by deed recorded in Book 296, Page 354, of the St. Louis County Records; subject to reservation of the northern 5 feet of said tract for easement for sewers or public utilities ; acquired by the Company by deed dated June 16, 1955, recorded in the office of the Recorder of Deeds for said County in Book 3443, Page 394.

 

6.              Price Substation Site: The south 90 feet of Lot 7 of LePere Villa Place, St. Louis County, Missouri, according to plat thereof recorded in Plat Book 5, Page 73, of the St. Louis City (former County) Records, excepting therefrom the west 10 feet thereof conveyed to Arthur T. Jablonsky and wife by deed recorded in Book 1245, Page 310, of the St. Louis County Records ; subject to easements of record and subject to an easement for a six-inch water drainage pipe line running north and south across said south 90 feet, near the westerly end thereof; acquired by the Company by deed dated March 9, 1956, recorded in the office of the Recorder of Deeds for said County in Book 3572, Page 221.

 

7.              Rock Hill Substation Site: A parcel of land situated in Lot 8 of the Subdivision of Charleville tract in U. S. Survey 1930, Township 45 North, Range 6 East, St. Louis County, Missouri, being also known as Lot A of Rock Hill Quarries Company Tract No. 1, described and bounded as follows : Beginning at a point in said Lot 8, 55 feet southerly from the Missouri Pacific Railroad right-of-way, 50 feet wide, and 440 feet westerly from the west line of Rock Hill Road, 40 feet wide, measured at right angles thereto ; thence southerly parallel to Rock Hill Road 75 feet to a point; thence westerly 120 feet measured at right angles to Rock Hill Road to a point ; thence northerly parallel to Rock Hill Road 75 feet to a point; thence easterly at right angles to Rock Hill Road 120 feet to point of beginning; together with an easement for overhead and underground lines over premises of Rock Hill Quarries Company lying between the above described parcel and said Railroad right-of-way and an easement for underground conduit over a strip 10 feet in width adjacent and south of south line of said Railroad right-of-way, together with right to overhang premises of Rock Hill Quarries Company with overhead conductors spanning from north line of parcel described above to points on Railroad right-of-way in both an easterly and westerly direction within 100 feet of extension in northerly direction of east and west lines of above parcel; acquired by the Company by deed dated February 10, 1956, recorded in the office of the Recorder of Deeds for said County in Book 3547, Page 446.

 

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8.              Shackelford Substation Site: A tract of land in Survey 170 of the St. Ferdinand Common Fields in St. Louis County, Missouri, and more particularly described as follows: Beginning at a point in the center line of Howdershell Road, 40 feet wide, at the most western corner of property conveyed to Bernard C. Hoormann and wife by deed recorded in Book 1315, Page 476, of the St. Louis County Records; thence S 52° E along the south-west line of said Hoormann property 183.99 feet to a point; thence N 41° 43’ E and parallel to the southeast line of said Hoormann property 80 feet to a point; thence N 52° W and parallel to the southwest line of said Hoormann property to a point in the center line of Howdershell Road; and thence S 58° 43’ W along said center line to the place of beginning; acquired by the Company by deed dated July 26, 1955, recorded in the office of the Recorder of Deeds for said County in Book 3471, Page 599.

 

9.              Stratman Substation Site: A parcel of land situated in the northwest quarter of Section 6, Township 45 North, Range 6 East, in St. Louis County, Missouri, being a part of a tract known as Stacy Park owned by the City of St. Louis, and more particularly described as follows: Beginning at a point at the intersection of the south line of Olive Street Road, 60 feet wide, and the east line of Warson Road, 40 feet wide; thence S 0° 36’ W a distance of 136.5 feet to a point on the east line of Warson Road; thence S 89° 24’ E a distance of 75 feet; thence N 0° 36’ E a distance of 125 feet to a point in the south line of Olive Street Road; thence N 80° 41’ W along the south line of Olive Street Road a distance of 75.88 feet to the point of beginning, containing .2251 of an acre, more or less; acquired by the Company by deed dated March 29, 1956, recorded in the office of the Recorder of Deeds for said County in Book 3583, Page 396.

 

10.            Will Substation Site: A tract of land in the northwest fractional quarter of Section 26, Township 44 North, Range 6 East, St. Louis County, Missouri, and more particularly described as follows: Beginning at a point in the northwest line of Union Road at its intersection with the east line of a tract of land conveyed to Zacharias Kratzek by deed recorded in Book 235, Page 286, of the St. Louis City (former County) Records; thence along the northwest line of Union Road S 35° 19’ W 91 feet to a point in the northwest line of Union Road; thence N 54° 4’ W 26.2 feet to a point; thence N 39° 7’ W 179 feet, more or less, to a point in the northerly line of property of Daniel P. McGuirk; thence N 77° E 161.55 feet to a point; thence S 14° 16’ E 119.79 feet to the point of beginning; subject, however, to the right-of-way and easement to Mississippi River Fuel Corporation, according to instrument recorded in Book 954, Page 443, of the St. Louis

 

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County Records; acquired by the Company by deed dated June 9, 1956, recorded in the office of the Recorder of Deeds for said County in Book 3622, Page 450.

 

FRANKLIN COUNTY, MISSOURI

 

11.            Union Service Building and Storeroom: Part of the south half of Block 1 of Dr. J. Schlagenhauf’s Addition to the City of Union, Franklin County, Missouri, as per plat of record, more fully described as follows: Beginning at the southwest corner of tract of the Company acquired by deed recorded in Book 82, Page 292, of the Franklin County Records, which southwest corner is 80 feet west of the southeast corner of said south half of Block 1; thence westwardly along the north line of Franklin Street 75 feet to a corner; thence north parallel with the east line of said Block 1, 150 feet; thence eastwardly 75 feet to the west line of said property of the Company; thence south 150 feet to the point of beginning; excepting a strip of ground of the uniform width of 7 feet off the north end thereof to be used for alley purposes; acquired by the Company by deed dated August 27, 1955, recorded in the office of the Recorder of Deeds for said County in Book 190, Page 475.

 

12.            Gray Summit Substation Site: A tract of land in the northwest quarter of the northeast quarter of Section 8, Township 43 North, Range 2 East, Franklin County, Missouri, described as follows: Bounded on the north by County Highway; on the east by Lot 1, Block 4, of original Town of Gray Summit; on the south by the southerly line of property of Missouri Pacific Railroad Company; and on the west by a line 100 feet westerly from and parallel to the northwesterly line of said Lot 1; acquired by the Company by deed dated December 12, 1933, recorded in the office of the Recorder of Deeds for said County in Book 119, Page 258.

 

JEFFERSON COUNTY, MISSOURI

 

13.            Imperial Works Headquarters Site: A tract of land containing 1.068 acres, being part of a larger tract of land located partly in U. S. Survey 2005, and partly in Lot 1 of Kimm’s Subdivision of U. S. Surveys 659 and 1303, Township 42 North, Range 6 East, Jefferson County, Missouri, which larger tract was conveyed by C. H. Clement, Administrator of the Estate of George Rasmussen, deceased, to Joseph F. Stovesand and Mildred Stove-sand, his wife, by deed dated November 25, 1939, recorded in Book 146, Page 13, of the Jefferson County Records, said 1.068 acre

 

8

 

tract being described as follows: Beginning at an iron pin marking the southeast corner of Lot 1 of Stovesand Hills, Subdivision One, plat of which is recorded in Plat Book 14, Page 15, of the Jefferson County Records, and running thence with the eastern boundary line of said Lot 1, N 19° 49’ E 133.8 feet to an iron pin marking the northeast corner thereof; thence N 84° 8’ W 40 feet to an iron pin marking the southeast corner of Lot 2 of said Stovesand Hills; thence with the eastern boundary line thereof, N 8° 24’ E 25.47 feet to an iron pin; thence S 82° 29’ E 96.76 feet to an iron pin marking the northwest corner of a strip of land 451⁄2% links wide and 3.75 chains long conveyed together with other lands, by William L. Hampel, and wife, et al, to Harry F. Hampel and Ida C. Hampel, his wife, by deed dated November 2, 1935, recorded in Book 133, Page 4, of the aforesaid Records; thence with the western boundary line of said strip of land, S 8° 36’ W 30.03 feet to an iron pin marking the southwestern corner thereof; thence with the southern boundary line of said strip of land, S 82° 29’ E 247.5 feet to an iron pin in the western line of the old State Road; thence with the western line of said old State Road, S 8° 36’ W 139.91 feet to an iron pin; thence with the northern line of a roadway, 30 feet wide, N 81° 38’ W 328.72 feet to an iron pin; thence N 19’ E 10.08 feet to the place of beginning; acquired by the Company by deed dated June 30, 1955, recorded in the office of the Recorder of Deeds for said County in Book 239, Page 58.

 

14.            Hematite Substation Site: A parcel of land in U. S. Survey 423, Township 40 North, Range 5 East, Jefferson County, Missouri, described and bounded as follows: Beginning at the most westerly corner of a 1.47 acre parcel of land described in deed dated October 1, 1940 and recorded in Book 146, Page 91, of the Jefferson County Records; thence S 52° 26’ E 100 feet, more or less, to the north right-of-way line of State Highway Route 21-A; thence S 54° 23’ W 30 feet to a point; thence N 63° 15’ W 158 feet to a point; thence N 54° 23’ E 70 feet to a point; thence S 40° 5’ E to the point of beginning, containing .105 of an acre, more or less; acquired by the Company by deed dated April 23, 1956, recorded in the office of the Recorder of Deeds for said County in Book 249, Page 532.

 

ST. CLAIR COUNTY, ILLINOIS

 

15.            French Village Works Headquarters Site: Part of the southeast quarter of Section 13, Township 2 North, Range 9 West of the Third Principal Meridian, St. Clair County, Illinois, more particularly described as follows: Commencing at the intersection

 

9

 

of the south line of said southeast quarter of said Section 13 with the westerly right-of-way line of Illinois Highway 157, said Highway having also been known as the road from the Belleville and St. Louis Turnpike to Caseyville; thence in a northeasterly direction along said westerly right-of-way line and with the meanders thereof, 333 feet, more or less, to a point in said westerly right-of-way line; thence west 445 feet to a point; thence south 300 feet, more or less, to said south line of said southeast quarter of Section 13; thence east along said south line of Section 13 to the point of beginning; subject to easement reserved to Felton Merwin and Elda Merwin, his wife, their heirs and assigns, for access roadway 20 feet in width, running over and across the property herein described and adjacent to the south line thereof from the west line thereof to Company’s entranceway at Illinois State Highway 157; acquired by the Company by deeds dated March 13, 1956, and April 6, 1956, recorded in the office of the Recorder of Deeds for said County in Book 1402, Page 389, and Book 1426, Page 165, respectively.

 

LEE COUNTY, IOWA

 

16.            69 Kv Transmission Line Right-of-Way: Part of the fractional northwest quarter of Section 30, Township 65 North, Range 4 West of the Fifth Principal Meridian, original City of Keokuk, Lee County, Iowa, described as follows: Beginning at the intersection of the northeasterly line of Orleans Avenue and the southeasterly line of Fourth Street extended; thence N 39° 57’ 15” W on the northeasterly line of Orleans Avenue 66 feet to the line between Lots 1 and 2, Park Place as the plat is recorded; thence N 50° 1’ E on said line which is the northwesterly line of Fourth Street extended 179.84 feet to the westerly line of old Third Street Road; thence S 0° 10’ W on said westerly line of 39.12 feet; thence S 2° 55’ W on said westerly line 155.91 feet to a 2 inch round pipe monument (Mississippi River Power Company Monument No. 21) marking the intersection of the west line of old Third Street Road and east-west quarter section line of said Section 30; thence S 89° 25’ W on said quarter section line 106.73 feet to a line 66 feet northeasterly of and parallel with the southwesterly line of Orleans Avenue extended; thence N 39° 57’ 15” W on said line 10.37 feet to the southeasterly line of Fourth Street extended; thence N 50° 1’ E on said southeasterly line 34 feet to the northeasterly line of Orleans Avenue and point of beginning; acquired by the Company by deed dated December 31, 1955, recorded in the office of the Recorder of Deeds for said County located in the City of Keokuk in Book 127, Page 162.

 

10

 

SECOND.

 

ALSO all power houses, plants, buildings and other structures, dams, dam sites, substations, heating plants, gas works, holders and tanks, together with all and singular the electric, heating, gas and mechanical appliances appurtenant thereto of every nature whatsoever, now owned by the Company, including all and singular the machinery, engines, boilers, furnaces, generators, dynamos, turbines and motors, and all and every character of mechanical appliance for generating or producing electricity, steam, gas and other agencies for light, heat, cold, power or other purposes, and all transmission and distribution systems used for the transmission and distribution of electricity, steam, gas and other agencies for light, heat, cold, or power or any other purpose whatsoever, whether underground or overhead, surface or otherwise, now owned by the Company, including all poles, towers, posts, wires, cables, conduits, manholes, mains, pipes, tubes, drains, furnaces, switchboards, transformers, conductors, insulators, supports, meters, lamps, fuses, junction boxes, regulator stations, and other electric, steam and gas fixtures and apparatus; all of the aforementioned property being located in the City of St. Louis, the counties of Benton, Bollinger, Boone, Camden, Clark, Cooper, Crawford, Franklin, Gasconade, Henry, Howard, Jefferson, Madison, Maries, Marion, Miller, Moniteau, Morgan, Osage, Phelps, Ralls, Randolph, St. Charles, St. Clair, St. Francois, Ste. Genevieve, St. Louis, and Washington, Missouri, the counties of Adams, Calhoun, Franklin, Hancock, Henderson, Jersey, Macoupin, Madison, Monroe, Perry, Pike, Randolph, St. Clair, Union and Washington, Illinois, and the counties of Des Moines, Henry and Lee, Iowa, upon real estate owned by the Company, or occupied by it under rights to so occupy, which real estate is described in the Original Indenture, in the Supplemental Indentures dated May 1, 1941, March 17, 1942, April 13, 1945, April 27, 1945, October 1, 1945, April 11, 1947, April 13, 1949, September 13, 1950, December 1, 1950, September 20, 1951, May 1, 1952, March 1, 1954, May 1, 1955, August 31, 1955 and April 1, 1956, and in this Supplemental Indenture, or attached to or connected with such real estate or

 

11

 

transmission or distribution systems of the Company leading from or into such real estate.

 

THIRD.

 

ALSO (except as in the Original Indenture expressly excepted) all franchises and all permits, ordinances, easements, privileges, immunities and licenses, all rights to construct, maintain and operate overhead, surface and underground systems for the distribution and transmission of electricity, steam, gas or other agencies for the supply to itself or others of light, heat, cold or power, all rights-of-way, all waters, water rights and flowage rights and all grants and consents, now owned or, subject to the provisions of Article XII, which it may hereafter acquire.

 

FOURTH.

 

ALSO, subject to the provisions of Article XII of the Original Indenture, all other property, real, personal and mixed (except as therein or herein expressly excepted) of every nature and kind and wheresoever situated now or hereafter possessed by or belonging to the Company, or to which it is now, or may at any time hereafter be, in any manner entitled at law or in equity.

 

To HAVE AND TO HOLD all said properties, real, personal and mixed, mortgaged, pledged and conveyed by the Company as aforesaid, or intended so to be, unto the Trustee and its successors and assigns forever;

 

SUBJECT, HOWEVER, to the exceptions and reservations and matters hereinabove recited, to existing leases, to existing liens upon rights-of-way for transmission or distribution line purposes, as defined in Article I of the Original Indenture, and any extensions thereof, and subject to existing easements for streets, alleys, highways, rights-of-way and railroad purposes over, upon and across certain of the property hereinbefore described, and subject also to all the terms, conditions, agreements, covenants, exceptions 

 

12

 

and reservations expressed or provided in the deeds or other instruments respectively under and by virtue of which the Company acquired the properties hereinabove described, and to undetermined liens and charges, if any, incidental to construction or other existing permitted liens as defined in Article I of the Original Indenture;

 

IN TRUST, NEVERTHELESS, upon the terms and trusts in the Original Indenture and the indentures supplemental thereto, including this Supplemental Indenture, set forth, for the equal and proportionate benefit and security of all present and future holders of the Bonds and coupons issued and to be issued thereunder, or any of them, without preference of any of said Bonds and coupons of any particular series over the Bonds and coupons of any other series, by reason of priority in the time of the issue, sale or negotiation thereof, or by reason of the purpose of issue or otherwise howsoever, except as otherwise provided in Section 2 of Article IV of the Original Indenture.

 

AND IT IS HEREBY COVENANTED, DECLARED AND AGREED, by and between the parties hereto, for the benefit of those who shall hold the Bonds and coupons, or any of them, to be issued under the Original Indenture, as follows:

 

ARTICLE I.

 

DESCRIPTION OF BONDS OF 1986 SERIES.

 

SECTION 1.              There is hereby created a new series of Bonds to be executed, authenticated and delivered under and secured by the Original Indenture which shall be Bonds of 1986 Series. The Bonds of 1986 Series shall, subject to the provisions of Section 1 of Article II of the Original Indenture, be designated as “First Mortgage Bonds, 33⁄4% Series due 1986” of the Company. The Bonds of 1986 Series shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, all of the terms, conditions and covenants of the Original Indenture.

 

13

 

The Coupon Bonds of 1986 Series shall be dated July 1, 1956, and all Bonds of 1986 Series shall mature July 1, 1986, and shall bear interest at the rate of three and three-quarters per cent. (33/4%) per annum, payable semi-annually on the first day of January and the first day of July in each year. The Bonds of 1986 Series shall be payable as to principal and interest in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts, and shall be payable (as well the interest as the principal thereof) at the agency of the Company in the Borough of Manhattan, The City of New York, or at the agency of the Company in the City of St. Louis, Missouri.

 

SECTION 2.              The Bonds of 1986 Series shall be coupon Bonds registerable as to principal, of the denomination of $1,000, numbered consecutively from M1 upwards, and registered Bonds without coupons of the denominations of $1,000, numbered consecutively from RMI upwards, and $5,000, numbered consecutively from RV1 upwards, and any multiple of $5,000, numbered consecutively from R1 upwards. For all registered Bonds of 1986 Series without coupons authenticated and delivered, there may be reserved by the Trustee appropriate serial numbers of coupon Bonds of 1986 Series issuable in exchange therefor as in the Original Indenture provided for the same aggregate principal amount, and whenever any registered Bonds of 1986 Series without coupons shall be so authenticated and delivered, there may be indicated or endorsed thereon, in such form as may then be required to comply with the rules and regulations of any stock exchange upon which Bonds of 1986 Series are listed or are to be listed or to conform with any usage with respect thereto, the distinctive serial number or numbers so reserved with respect to such registered Bonds of 1986 Series so issued, but, unless such reservation, indication or endorsement be so required, no such reservation, indication or endorsement need be made. Coupon Bonds of 1986 Series may be exchanged, upon surrender thereof, with all unmatured coupons attached, at the agency of the Company in the Borough of Manhattan, The City of New York, or

 

14

 

at the agency of the Company in the City of St. Louis, Missouri, for a fully registered Bond or fully registered Bonds of 1986 Series without coupons, of authorized denominations, for the same aggregate principal amount, upon payment of charges and subject to the terms and conditions set forth in the Original Indenture.

 

SECTION 3.              The coupon Bonds of 1986 Series, the coupons to be attached thereto, the registered Bonds of 1986 Series without coupons, and the Trustee’s certificate on Bonds of the 1986 Series shall be substantially in the following forms respectively:

 

[FORM OF COUPON BOND]

 

UNION ELECTRIC COMPANY

 

(Incorporated under the laws of the State of Missouri)

 

FIRST MORTGAGE BOND, 33⁄4% SERIES

 

DUE 1986

 

Due July 1, 1986

 

	
No.
    	
$1,000
    

 

UNION ELECTRIC COMPANY, a corporation organized and existing under the laws of the State of Missouri (hereinafter called the “Company”, which term shall include any successor corporation as defined in the Amended Indenture hereinafter referred to), for value received, hereby promises to pay to the bearer or, if this Bond be registered, to the registered owner hereof, the sum of One thousand dollars, on the first day of July, 1986, in any coin or currency of the United States of America, which at the time of payment is legal tender for public and private debts, and to pay interest thereon in like coin or currency from the first day of July, 1956, at the rate of three and three-quarters per cent. (33⁄4%) per annum, payable semi-annually, on the first days of January and July in each year until maturity, or, if this Bond shall be duly called for redemption, until the redemption date, or, if the Company 

 

15

 

shall default in the payment of the principal hereof, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Amended Indenture hereinafter mentioned, but only, in case of interest due on or before maturity, according to the tenor and upon presentation and surrender of the respective coupons therefor hereto attached as they severally mature. Both principal of, and interest on, this Bond are payable at the agency of the Company in the Borough of Manhattan, The City of New York, or at the agency of the Company in the City of St. Louis, Missouri.

 

This Bond is one of a duly authorized issue of Bonds of the Company (hereinafter called the “Bonds”), in unlimited aggregate principal amount, of the series hereinafter specified, all issued and to be issued under and equally secured by a mortgage and deed of trust, dated June 15, 1937, executed by the Company to St. Louis Union Trust Company (herein called the “Trustee”), as Trustee, as amended by the indenture supplemental thereto dated May 1, 1941 (herein called the “Supplemental Indenture of May 1, 1941”), between the Company and the Trustee (said mortgage and deed of trust, as so amended, being herein called the “Amended Indenture”), to which Amended Indenture and all indentures supplemental thereto reference is hereby made for a description of the properties mortgaged and pledged, the nature and extent of the security, the rights of the bearers or registered owners of the Bonds and of the Trustee in respect thereto, and the terms and conditions upon which the Bonds are, and are to be, secured. To the extent permitted by, and as provided in, the Amended Indenture, modifications or alterations of the Amended Indenture, or of any indenture supplemental thereto, and of the rights and obligations of the Company and of the holders of the Bonds may be made with the consent of the Company by an affirmative vote of not less than 80% in amount of the Bonds entitled to vote then outstanding, at a meeting of Bondholders called and held as provided in the Amended Indenture, and by an affirmative vote of not less than 80% in amount of the Bonds of any series entitled to vote then outstanding and affected by such modification or

 

16

 

alteration, in case one or more but less than all of the series of Bonds then outstanding under the Amended Indenture are so affected; provided, however, that no such modification or alteration shall be made which will affect the terms of payment of the principal of, or interest on, this Bond, which are unconditional. The Bonds may be issued in series, for various principal sums, may mature at different times, may bear interest at different rates and may otherwise vary as in the Amended Indenture provided. This Bond is one of a series designated as the “First Mortgage Bonds 33⁄4% Series due 1986” (herein called “Bonds of 1986 Series”) of the Company, issued under and secured by the Amended Indenture and described in the indenture (herein called the “Supplemental Indenture of July 1, 1956”) dated July 1, 1956, between the Company and the Trustee, supplemental to the Amended Indenture.

 

The Bonds of 1986 Series are subject to redemption (otherwise than for the Improvement Fund hereinafter mentioned or upon application of moneys included in the trust estate), at any time or from time to time prior to maturity, at the option of the Company, either as a whole or in part by lot, upon payment of the regular redemption prices applicable to the respective periods set forth below, together, in each case, with accrued interest to the redemption date; all subject to the conditions and as more fully set forth in the Amended Indenture and Supplemental Indenture of July 1, 1956.

 

The Bonds of 1986 Series are entitled to the benefit of the Improvement Fund for Bonds of such series provided for in the Supplemental Indenture of July 1, 1956, and the Maintenance Fund provided for in the Supplemental Indenture of May 1, 1941, and are subject to redemption for such Improvement Fund on or after May 1, 1958, or upon application on or after July 1, 1956 of moneys included in the trust estate, upon payment of the special redemption prices applicable to the respective periods set forth below, together, in each case, with accrued interest to the redemption date, all subject to the conditions and as more fully set forth in the Supplemental Indenture of July 1, 1956.

 

17

 

	
If Redeemed During
    	
 
    	
Regular
    	
 
    	
Special
    	
 
    
	
the 12 Month Period
    	
 
    	
Redemption
    	
 
    	
Redemption
    	
 
    
	
Beginning July 1
    	
 
    	
Price
    	
 
    	
Price
    	
 
    
	
 
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
 
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
1956
    	
 
    	
105.87
    	
 
    	
102.37
    	
 
    
	
1957
    	
 
    	
105.67
    	
 
    	
102.33
    	
 
    
	
1958
    	
 
    	
105.47
    	
 
    	
102.28
    	
 
    
	
1959
    	
 
    	
105.27
    	
 
    	
102.23
    	
 
    
	
1960
    	
 
    	
105.07
    	
 
    	
102.18
    	
 
    
	
1961
    	
 
    	
104.87
    	
 
    	
102.13
    	
 
    
	
1962
    	
 
    	
104.67
    	
 
    	
102.08
    	
 
    
	
1963
    	
 
    	
104.47
    	
 
    	
102.02
    	
 
    
	
1964
    	
 
    	
104.27
    	
 
    	
101.97
    	
 
    
	
1965
    	
 
    	
104.07
    	
 
    	
101.91
    	
 
    
	
1966
    	
 
    	
103.87
    	
 
    	
101.84
    	
 
    
	
1967
    	
 
    	
103.67
    	
 
    	
101.78
    	
 
    
	
1968
    	
 
    	
103.47
    	
 
    	
101.71
    	
 
    
	
1969
    	
 
    	
103.27
    	
 
    	
101.64
    	
 
    
	
1970
    	
 
    	
103.07
    	
 
    	
101.57
    	
 
    
	
1971
    	
 
    	
102.87
    	
 
    	
101.50
    	
 
    
	
1972
    	
 
    	
102.67
    	
 
    	
101.42
    	
 
    
	
1973
    	
 
    	
102.47
    	
 
    	
101.34
    	
 
    
	
1974
    	
 
    	
102.27
    	
 
    	
101.26
    	
 
    
	
1975
    	
 
    	
102.07
    	
 
    	
101.18
    	
 
    
	
1976
    	
 
    	
101.87
    	
 
    	
101.09
    	
 
    
	
1977
    	
 
    	
101.67
    	
 
    	
101.00
    	
 
    
	
1978
    	
 
    	
101.47
    	
 
    	
100.90
    	
 
    
	
1979
    	
 
    	
101.27
    	
 
    	
100.80
    	
 
    
	
1980
    	
 
    	
101.07
    	
 
    	
100.70
    	
 
    
	
1981
    	
 
    	
100.87
    	
 
    	
100.59
    	
 
    
	
1982
    	
 
    	
100.67
    	
 
    	
100.49
    	
 
    
	
1983
    	
 
    	
100.47
    	
 
    	
100.37
    	
 
    
	
1984
    	
 
    	
100.27
    	
 
    	
100.25
    	
 
    
	
1985
    	
 
    	
100.00
    	
 
    	
100.00
    	
 
    

 

Such redemption in every case shall be effected upon notice given by publication once in each of three separate calendar weeks in an authorized newspaper, printed in the English language and published and of general circulation in the Borough of Manhattan, The City of New York (the first of such publications to be not more than sixty and not less than thirty days before the redemption date), all subject to the conditions and as more fully

 

18

 

set forth in the Amended Indenture and Supplemental Indenture of July 1, 1956.

 

In case an event of default, as defined in the Amended Indenture, shall occur, the principal of all the Bonds at any such time outstanding under the Amended Indenture may be declared or may become due and payable, upon the conditions and in the manner and with the effect provided in the Amended Indenture. The Amended Indenture provides that such declaration may in certain events be waived by the holders of a majority in principal amount of the Bonds outstanding.

 

This Bond is transferable by delivery except while registered as to principal. This Bond may, from time to time, be registered as to principal in the name of the owner on books of the Company to be kept for that purpose at the agency of the Company in the Borough of Manhattan, The City of New York, and at the agency of the Company in the City of St. Louis, Missouri, and such registration shall be noted hereon, after which no transfer hereof shall be valid unless made on said books by the registered owner hereof in person or by duly authorized attorney, and similarly noted hereon; but this Bond may be discharged from registration by being in like manner transferred to bearer, and thereupon transferability by delivery shall be restored; and this Bond may again, from time to time, be registered or discharged from registration in the same manner. Such registration, however, shall not affect the negotiability of the coupons hereto appertaining, which shall always be payable to bearer and transferable by delivery, and payment to the bearer thereof shall fully discharge the Company in respect of the interest therein mentioned, whether or not this Bond at the time be registered. Such registration, transfers and discharges from registration shall be without expense to the bearer or registered owner hereof, but any taxes or other governmental charges required to be paid with respect to the same shall be paid by the bearer or registered owner requesting such registration, transfer or discharge from registration as a condition precedent to the exercise of such privilege.

 

Coupon Bonds of 1986 Series may be exchanged upon surrender thereof, with all unmatured coupons attached, at either of said agencies of the Company for a fully registered Bond or

 

19

 

fully registered Bonds without coupons of the same series, of authorized denominations, for the same aggregate principal amount, bearing interest from the January 1 or July 1 next preceding the date thereof (each fully registered Bond without coupons to be dated as of the time of issue, unless issued on an interest date, in which event it shall be dated as of the day next following such interest date), all upon payment of the charges and subject to the terms and conditions set forth in the Amended Indenture.

 

No recourse shall be had for the payment of the principal of, or the interest on, this Bond, or for any claim based hereon or on the Amended Indenture or any indenture supplemental thereto, against any incorporator, or against any stockholder, director or officer, past, present or future, of the Company, or of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor corporation, whether for amounts unpaid on stock subscriptions or by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability, whether at common law, in equity, by any constitution, statute or otherwise, of incorporators, stockholders, directors or officers being released by every bearer or registered owner hereof by the acceptance of this Bond and as part of the consideration for the issue hereof, and being likewise released by the terms of the Amended Indenture.

 

Neither this Bond, nor any of the coupons for interest thereon, shall be entitled to any benefit under the Amended Indenture or any indenture supplemental thereto, or become valid or obligatory for any purpose, until St. Louis Union Trust Company, the Trustee under the Amended Indenture, or a successor trustee thereto under the Amended Indenture, shall have signed the form of certificate endorsed hereon.

 

IN WITNESS WHEREOF, Union Electric Company has caused this Bond to be signed in its name by its President or a Vice President, and its corporate seal (or a facsimile thereof) to be hereto

 

20

 

affixed and attested by its Secretary or an Assistant Secretary, and interest coupons bearing the facsimile signature of its Treasurer to be attached hereto.

 

Dated, July 1, 1956.

 

	
 
    	
UNION ELECTRIC COMPANY,
    
	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
 
    	
Vice President.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
Attest:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Secretary.
    	
 
    
				

 

[FORM OF COUPON]

 

	
No.
    	
$18.75
    

 

On the     day of            ,          , unless the Bond herein mentioned shall have been called for previous redemption and payment thereof duly provided for, Union Electric Company will pay to bearer, on surrender of this coupon at the agency of the Company in the Borough of Manhattan, The City of New York or at the agency of the Company in the City of St. Louis, Missouri, Eighteen and 75/100 dollars in any coin or currency of the United States of America, which at the time of payment is legal tender for public and private debts, being six months’ interest then payable on its First Mortgage Bond, No.

 

33⁄4% Series due 1986

 

	
 
    	
 
    
	
 
    	
Treasurer.
    

 

21

 

[FORM OF REGISTERED BOND WITHOUT COUPONS]

UNION ELECTRIC COMPANY

 

(Incorporated under the laws of the State of Missouri)

FIRST MORTGAGE BOND, 33⁄4% SERIES

 

DUE 1986

 

Due July 1, 1986

 

	
No.
    	
$              
    

 

UNION ELECTRIC COMPANY, a corporation organized and existing under the laws of the State of Missouri (hereinafter called the “Company”, which term shall include any successor corporation as defined in the Amended Indenture hereinafter referred to), for value received, hereby promises to pay to                                                     or registered assigns, the sum of                   dollars, on the first day of July, 1986, in any coin or currency of the United States of America, which at the time of payment is legal tender for public and private debts, and to pay interest thereon in like coin or currency from the January 1 or July 1 next preceding the date of this Bond at the rate of three and three-quarters per cent. (33⁄4%) per annum, payable semi-annually, on the first days of January and July in each year until maturity, or, if this Bond shall be duly called for redemption, until the redemption date, or, if the Company shall default in the payment of the principal hereof, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Amended Indenture hereinafter mentioned. Both principal of, and interest on, this Bond are payable at the agency of the Company in the Borough of Manhattan, The City of New York, or at the agency of the Company in the City of St. Louis, Missouri.

 

This Bond is one of a duly authorized issue of Bonds of the Company (herein called the “Bonds”), in unlimited aggregate

 

22

 

principal amount, of the series hereinafter specified, all issued and to be issued under and equally secured by a mortgage and deed of trust, dated June 15, 1937, executed by the Company to St. Louis Union Trust Company (herein called the “Trustee”), as Trustee, as amended by the indenture supplemental thereto dated May 1, 1941 (herein called the “Supplemental Indenture of May 1, 1941”), between the Company and the Trustee (said mortgage and deed of trust, as so amended, being herein called the “Amended Indenture”), to which Amended Indenture and all indentures supplemental thereto reference is hereby made for a description of the properties mortgaged and pledged, the nature and extent of the security, the rights of the bearers or registered owners of the Bonds and of the Trustee in respect thereto, and the terms and conditions upon which the Bonds are, and are to be, secured. To the extent permitted by, and as provided in, the Amended Indenture, modifications or alterations of the Amended Indenture, or of any indenture supplemental thereto, and of the rights and obligations of the Company and of the holders of the Bonds may be made with the consent of the Company by an affirmative vote of not less than 80% in amount of the Bonds entitled to vote then outstanding, at a meeting of Bondholders called and held as provided in the Amended Indenture, and by an affirmative vote of not less than 80% in amount of the Bonds of any series entitled to vote then outstanding and affected by such modification or alteration, in case one or more but less than all of the series of Bonds then outstanding under the Amended Indenture are so affected; provided, however, that no such modification or alteration shall be made which will affect the terms of payment of the principal of, or interest on, this Bond, which are unconditional. The Bonds may be issued in series, for various principal sums, may mature at different times, may bear interest at different rates and may otherwise vary as in the Amended Indenture provided. This Bond is one of a series designated as the “First Mortgage Bonds, 33⁄4% Series due 1986” (herein called “Bonds of 1986 Series”) of the Company, issued under and secured by the Amended Indenture and described in the indenture (hereinafter called the “Supplemental Indenture of July 1, 1956”) dated July 1, 1956, between the Company and the Trustee, supplemental to the Amended Indenture.

 

23

 

The Bonds of 1986 Series are subject to redemption (otherwise than for the Improvement Fund hereinafter mentioned or upon application of moneys included in the trust estate), at any time or from time to time prior to maturity, at the option of the Company, either as a whole or in part by lot, upon payment of the regular redemption prices applicable to the respective periods set forth below, together, in each case, with accrued interest to the redemption date; all subject to the conditions and as more fully set forth in the Amended Indenture and Supplemental Indenture of July 1, 1956.

 

The Bonds of 1986 Series are entitled to the benefit of the Improvement Fund for Bonds of such series provided for in the Supplemental Indenture of July 1, 1956, and the Maintenance Fund provided for in the Supplemental Indenture of May 1, 1941, and are subject to redemption for such Improvement Fund on or after May 1, 1958, or upon application on or after July 1, 1956 of moneys included in the trust estate, upon payment of the special redemption prices applicable to the respective periods set forth below, together, in each case, with accrued interest to the redemption date, all subject to the conditions and as more fully set forth in the Supplemental Indenture of July 1, 1956.

 

	
If Redeemed During
    	
 
    	
Regular
    	
 
    	
Special
    	
 
    
	
the 12 Month Period
    	
 
    	
Redemption
    	
 
    	
Redemption
    	
 
    
	
Beginning July 1
    	
 
    	
Price
    	
 
    	
Price
    	
 
    
	
 
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
 
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
1956
    	
 
    	
105.87
    	
 
    	
102.37
    	
 
    
	
1957
    	
 
    	
105.67
    	
 
    	
102.33
    	
 
    
	
1958
    	
 
    	
105.47
    	
 
    	
102.28
    	
 
    
	
1959
    	
 
    	
105.27
    	
 
    	
102.23
    	
 
    
	
1960
    	
 
    	
105.07
    	
 
    	
102.18
    	
 
    
	
1961
    	
 
    	
104.87
    	
 
    	
102.13
    	
 
    
	
1962
    	
 
    	
104.67
    	
 
    	
102.08
    	
 
    
	
1963
    	
 
    	
104.47
    	
 
    	
102.02
    	
 
    
	
1964
    	
 
    	
104.27
    	
 
    	
101.97
    	
 
    
	
1965
    	
 
    	
104.07
    	
 
    	
101.91
    	
 
    
	
1966
    	
 
    	
103.87
    	
 
    	
101.84
    	
 
    
	
1967
    	
 
    	
103.67
    	
 
    	
101.78
    	
 
    
	
1968
    	
 
    	
103.47
    	
 
    	
101.71
    	
 
    
	
1969
    	
 
    	
103.27
    	
 
    	
101.64
    	
 
    

 

24

 

	
If Redeemed During
    	
 
    	
Regular
    	
 
    	
Special
    	
 
    
	
the 12 Month Period
    	
 
    	
Redemption
    	
 
    	
Redemption
    	
 
    
	
Beginning July 1
    	
 
    	
Price
    	
 
    	
Price
    	
 
    
	
 
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
 
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
1970
    	
 
    	
103.07
    	
 
    	
101.57
    	
 
    
	
1971
    	
 
    	
102.87
    	
 
    	
101.50
    	
 
    
	
1972
    	
 
    	
102.67
    	
 
    	
101.42
    	
 
    
	
1973
    	
 
    	
102.47
    	
 
    	
101.34
    	
 
    
	
1974
    	
 
    	
102.27
    	
 
    	
101.26
    	
 
    
	
1975
    	
 
    	
102.07
    	
 
    	
101.18
    	
 
    
	
1976
    	
 
    	
101.87
    	
 
    	
101.09
    	
 
    
	
1977
    	
 
    	
101.67
    	
 
    	
101.00
    	
 
    
	
1978
    	
 
    	
101.47
    	
 
    	
100.90
    	
 
    
	
1979
    	
 
    	
101.27
    	
 
    	
100.80
    	
 
    
	
1980
    	
 
    	
101.07
    	
 
    	
100.70
    	
 
    
	
1981
    	
 
    	
100.87
    	
 
    	
100.59
    	
 
    
	
1982
    	
 
    	
100.67
    	
 
    	
100.49
    	
 
    
	
1983
    	
 
    	
100.47
    	
 
    	
100.37
    	
 
    
	
1984
    	
 
    	
100.27
    	
 
    	
100.25
    	
 
    
	
1985
    	
 
    	
100.00
    	
 
    	
100.00
    	
 
    

 

Such redemption in every case shall be effected upon notice given by publication once in each of three separate calendar weeks in an authorized newspaper, printed in the English language and published and of general circulation in the Borough of Manhattan, The City of New York (the first of such publications to be not more than sixty and not less than thirty days before the redemption date), all subject to the conditions and as more fully set forth in the Amended Indenture and Supplemental Indenture of July 1, 1956.

 

In case an event of default, as defined in the Amended Indenture, shall occur, the principal of all the Bonds at any such time outstanding under the Amended Indenture may be declared or may become due and payable, upon the conditions and in the manner and with the effect provided in the Amended Indenture. The Amended Indenture provides that such declaration may in certain events be waived by the holders of a majority in principal amount of the Bonds outstanding.

 

This Bond is transferable by the registered owner hereof, in person or by duly authorized attorney, on the books of the Company

 

25

 

to be kept for that purpose at the agency of the Company in the Borough of Manhattan, The City of New York, and at the agency of the Company in the City of St. Louis, Missouri, upon surrender and cancellation of this Bond and on presentation of a duly executed written instrument of transfer, and thereupon a new registered Bond or Bonds without coupons of the same series, of the same aggregate principal amount and in authorized denominations will be issued to the transferee or transferees in exchange herefor; and this Bond, with or without others of like form and series, may in like manner be exchanged for one or more new registered Bonds of the same series of other authorized denominations but of the same aggregate principal amount; or the registered owner of this Bond, at his option, may in like manner surrender the same for cancellation in exchange for the same aggregate principal amount of coupon Bonds of the same series and in authorized denominations, with coupons attached maturing on and after the next ensuing interest date; all upon payment of the charges and subject to the terms and conditions set forth in the Amended Indenture.

 

No recourse shall be had for the payment of the principal of, or the interest on, this Bond, or for any claim based hereon or on the Amended Indenture or any indenture supplemental thereto, against any incorporator, or against any stockholder, director or officer, past, present or future, of the Company, or of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor corporation, whether for amounts unpaid on stock subscriptions or by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability, whether at common law, in equity, by any constitution, statute or otherwise, of incorporators, stockholders, directors or officers being released by every owner hereof by the acceptance of this Bond and as part of the consideration for the issue hereof, and being likewise released by the terms of the Amended Indenture.

 

This Bond shall not be entitled to any benefit under the Amended Indenture or any indenture supplemental thereto, or become valid or obligatory for any purpose, until St. Louis Union

 

26

 

Trust Company, the Trustee under the Amended Indenture, or a successor trustee thereto under the Amended Indenture, shall have signed the form of certificate endorsed hereon.

 

IN WITNESS WHEREOF, Union Electric Company has caused this Bond to be signed in its name by its President or a Vice President, and its corporate seal (or a facsimile thereof) to be hereto affixed and attested by its Secretary or an Assistant Secretary.

 

	
Dated,
    	
 
    
	
 
    	
 
    
	
 
    	
UNION ELECTRIC COMPANY,
    
	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
 
    	
Vice President.
    
	
Attest:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Secretary.
    	
 
    	
 
    

 

[FORM OF TRUSTEE’S CERTIFICATE]

 

This Bond is one of the Bonds (in temporary form), of the series designated therein, described in the within-mentioned Amended Indenture and Supplemental Indenture of July 1, 1956.

 

	
 
    	
ST. LOUIS UNION TRUST COMPANY,
    
	
 
    	
Trustee,
    
	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
 
    	
Authorized Officer.
    

 

SECTION 4.              Until Bonds of 1986 Series in definitive form are ready for delivery, the Company may execute, and upon its request in writing the Trustee shall authenticate and deliver, in lieu thereof, Bonds of 1986 Series in temporary form, as provided in

 

27

 

Section 9 of Article II of the Original Indenture. Such Bonds of 1986 Series in temporary form may, in lieu of the statement of the specific redemption prices required to be set forth in such Bonds in definitive form, include a reference to this Supplemental Indenture for a statement of such redemption prices.

 

ARTICLE II.

 

ISSUE OF BONDS OF 1986 SERIES.

 

SECTION 1.              The principal amount of Bonds of 1986 Series which may be authenticated and delivered hereunder is not limited except as the Original Indenture limits the principal amount of Bonds which may be issued thereunder.

 

SECTION 2.              Bonds of 1986 Series for the aggregate principal amount of Forty Million Dollars ($40,000,000), being the initial issue of Bonds of 1986 Series, may forthwith be executed by the Company and delivered to the Trustee and shall be authenticated by the Trustee and delivered (either before or after the filing or recording hereof) to or upon the order of the Company, upon compliance by the Company with the applicable provisions of Article III and Article XVIII of the Original Indenture.

 

ARTICLE III.

 

REDEMPTION.

 

SECTION 1.              The Bonds of 1986 Series shall, subject to the provisions of Article V of the Original Indenture, be redeemable (otherwise than for the Improvement Fund provided in Article IV hereof or pursuant to Section 8 of Article VIII of the Original Indenture), at any time or from time to time prior to maturity, at the option of the Board of Directors of the Company, either as a whole or in part by lot, upon payment of the regular redemption prices applicable to the respective periods set forth below,

 

28

 

together, in each case, with accrued interest to the redemption date:

 

	
If Redeemed During
    	
 
    	
Regular Redemption Price
    	
 
    
	
the 12 Month Period
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
Beginning July 1
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
1956
    	
 
    	
105.87
    	
 
    
	
1957
    	
 
    	
105.67
    	
 
    
	
1958
    	
 
    	
105.47
    	
 
    
	
1959
    	
 
    	
105.27
    	
 
    
	
1960
    	
 
    	
105.07
    	
 
    
	
1961
    	
 
    	
104.87
    	
 
    
	
1962
    	
 
    	
104.67
    	
 
    
	
1963
    	
 
    	
104.47
    	
 
    
	
1964
    	
 
    	
104.27
    	
 
    
	
1965
    	
 
    	
104.07
    	
 
    
	
1966
    	
 
    	
103.87
    	
 
    
	
1967
    	
 
    	
103.67
    	
 
    
	
1968
    	
 
    	
103.47
    	
 
    
	
1969
    	
 
    	
103.27
    	
 
    
	
1970
    	
 
    	
103.07
    	
 
    
	
1971
    	
 
    	
102.87
    	
 
    
	
1972
    	
 
    	
102.67
    	
 
    
	
1973
    	
 
    	
102.47
    	
 
    
	
1974
    	
 
    	
102.27
    	
 
    
	
1975
    	
 
    	
102.07
    	
 
    
	
1976
    	
 
    	
101.87
    	
 
    
	
1977
    	
 
    	
101.67
    	
 
    
	
1978
    	
 
    	
101.47
    	
 
    
	
1979
    	
 
    	
101.27
    	
 
    
	
1980
    	
 
    	
101.07
    	
 
    
	
1981
    	
 
    	
100.87
    	
 
    
	
1982
    	
 
    	
100.67
    	
 
    
	
1983
    	
 
    	
100.47
    	
 
    
	
1984
    	
 
    	
100.27
    	
 
    
	
1985
    	
 
    	
100.00
    	
 
    

 

SECTION 2.              Subject to the provisions of Article V of the Original Indenture, notice of redemption shall be given by publication once in each of three separate calendar weeks in an authorized newspaper in the Borough of Manhattan, The City of New York, the first of such publications to be not more than sixty and not less than thirty days prior to the date fixed for redemption, and,

 

29

 

if any of the Bonds to be redeemed are registered Bonds or coupon Bonds registered as to principal, similar notice shall be sent by the Company through the mails, postage prepaid, at least thirty days and not more than sixty days prior to the date of redemption, to the registered owners of such Bonds at their addresses as the same shall appear, if at all, on the transfer register of the Company.

 

ARTICLE IV.

 

IMPROVEMENT FUND FOR BONDS OF 1986 SERIES AND APPLICATION

OF THE MAINTENANCE FUND.

 

SECTION 1.              The Company covenants and agrees that, so long as any of the Bonds of 1986 Series are outstanding, the Company will, on or before the fifteenth day of April in each of the calendar years 1958 to 1985, both inclusive, pay to the Trustee, as and for a fund herein sometimes called the “Improvement Fund for Bonds of 1986 Series”, a sum in cash equal to one per cent. (1%) of (a) the greatest aggregate principal amount of Bonds of 1986 Series outstanding at any one time prior to January 1 of such year, less (b) the aggregate principal amount of all issued Bonds of 1986 Series retired prior to the date of such payment, pursuant to Section 8 of Article VIII of the Original Indenture by the application of moneys deposited with the Trustee in connection with releases of property or on account of damage or destruction of property; provided, however, that in any such case, Bonds of 1986 Series may be used in lieu of such payments as provided in Section 2 of this Article IV, and in such case, the amount of such payment in cash shall be reduced accordingly by the principal amount of such Bonds of 1986 Series so used; and provided, further, that in any such case the Company may credit against such Improvement Fund for Bonds of 1986 Series, as provided in Section 4 of this Article IV, an amount equal to sixty per cent. (60%) of the amount of net bondable value of property additions not subject to an unfunded prior lien deducted pursuant to Section 4 of this Article IV from the balance of net bondable value of property additions not subject to an unfunded prior lien

 

30

 

shown on the certificate delivered to the Trustee pursuant to said Section 4. The Company shall not be permitted (either under Section 5 of Article VIII of the Original Indenture or otherwise) to credit any moneys included in the trust estate or any Bonds purchased or redeemed with moneys included in the trust estate against any Improvement Fund payment required to be made by this Section 1.

 

SECTION 2.              If at any time on or before any Improvement Fund payment date the Company shall deliver Bonds of 1986 Series, theretofore issued by the Company, to the Trustee for cancellation for the Improvement Fund for Bonds of 1986 Series, together with an officers’ certificate stating

 

(a)         the cost to the Company of such Bonds of 1986 Series;

 

(b)         that such Bonds of 1986 Series were issued and outstanding immediately prior to their acquisition by the Company; and that to the knowledge of the signers of such certificate none of such Bonds of 1986 Series were acquired by the Company from any affiliate of the Company;

 

(c)          that no portion of said Bonds of 1986 Series had previously been used for credit against the Improvement Fund for Bonds of 1986 Series pursuant to this Section 2 or had been made the basis for the authentication and delivery of additional Bonds or the withdrawal of cash included in the trust estate or the reduction of the amount of cash required to be paid into the trust estate under any provision of the Original Indenture; and

 

(d)         that no portion of said Bonds of 1986 Series had previously been used for credit against the Maintenance Fund provided in Section 5 of Part IV of the Supplemental Indenture of May 1, 1941, unless the availability of such Bonds for credit to the Improvement Fund for Bonds of 1986 Series had been restored pursuant to Section 6 of this Article IV and Section 6 of Part IV of the Supplemental Indenture of May 1, 1941,

 

the obligation of the Company to make the Improvement Fund payment provided for in Section 1 of this Article IV in cash on

 

31

 

such Improvement Fund payment date shall be credited with an amount equal to the principal amount of such Bonds of 1986 Series so delivered by the Company. In case such credit with respect to Bonds so delivered to the Trustee shall exceed the amount of the obligation of the Company with respect to the Improvement Fund payment on said Improvement Fund payment date, such excess shall be applied in reduction of the obligation of the Company to make Improvement Fund payments in cash on the next succeeding Improvement Fund payment date or dates. All coupon Bonds of 1986 Series so delivered by the Company to the Trustee for credit against the Improvement Fund for Bonds of 1986 Series shall be accompanied by all unmatured coupons appertaining thereto and all registered Bonds of 1986 Series without coupons and all coupon Bonds of 1986 Series registered as to principal so delivered shall be accompanied by duly executed instruments of transfer.

 

SECTION 3.              All cash paid to the Trustee for the Improvement Fund for Bonds of 1986 Series provided for in Section 1 of this Article IV shall be held in trust, but not as part of the trust estate, for the benefit of the holders of Bonds of 1986 Series and, if in excess of Fifty thousand Dollars ($50,000), shall be applied to the redemption, on the earliest practical date (but not earlier than the next succeeding May 1) next succeeding the date of payment of such cash, at the special redemption price specified in this Section 3 applicable on the date fixed for such redemption, together with accrued interest to the redemption date, of a principal amount of Bonds of 1986 Series equal, as near as may be, to the amount of such cash. Such redemption shall be made in the manner and with the effect provided in Article III of this Supplemental Indenture and in Article V of the Original Indenture. The Company covenants and agrees that it will provide, from sources other than the Improvement Fund for Bonds of 1986 Series, the accrued interest and premium on the Bonds so called for redemption and that it will pay the same to the Trustee prior to the date fixed for the redemption of such Bonds. The Trustee shall draw by lot the Bonds of 1986 Series so to be redeemed in accordance with Article V of the Original Indenture and shall notify

 

32

 

the Company in writing of the numbers of the Bonds of 1986 Series so drawn, and the Trustee shall give or cause to be given on behalf of the Company the notice specified by Section 2 of Article III of this Supplemental Indenture, unless provision satisfactory to the Trustee for the giving of such notice shall have been made; provided, however, that, in addition to the matters required to be included in said notice by Article V of the Original Indenture, such notice shall also state that the Bonds therein designated for redemption are to be redeemed through operation of the Improvement Fund for Bonds of 1986 Series. Any cash remaining after any such redemption shall be held by the Trustee and applied hereunder to succeeding redemptions for the Improvement Fund for Bonds of 1986 Series.

 

Bonds of 1986 Series shall be redeemable, at any time and from time to time on and after May 1, 1958, for the Improvement Fund for Bonds of 1986 Series provided in Section 1 of this Article IV, and at any time and from time to time on and after July 1, 1956, pursuant to Section 8 of Article VIII of the Original Indenture, upon payment of the special redemption prices applicable to the respective periods set forth below, together, in each case, with accrued interest to the redemption date:

 

	
If Redeemed During
    	
 
    	
Special Redemption Price
    	
 
    
	
the 12 Month Period
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
Beginning July 1
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
1956
    	
 
    	
102.37
    	
 
    
	
1957
    	
 
    	
102.33
    	
 
    
	
1958
    	
 
    	
102.28
    	
 
    
	
1959
    	
 
    	
102.23
    	
 
    
	
1960
    	
 
    	
102.18
    	
 
    
	
1961
    	
 
    	
102.13
    	
 
    
	
1962
    	
 
    	
102.08
    	
 
    
	
1963
    	
 
    	
102.02
    	
 
    
	
1964
    	
 
    	
101.97
    	
 
    
	
1965
    	
 
    	
101.91
    	
 
    
	
1966
    	
 
    	
101.84
    	
 
    
	
1967
    	
 
    	
101.78
    	
 
    
	
1968
    	
 
    	
101.71
    	
 
    
	
1969
    	
 
    	
101.64
    	
 
    
	
1970
    	
 
    	
101.57
    	
 
    
	
1971
    	
 
    	
101.50
    	
 
    
	
1972
    	
 
    	
101.42
    	
 
    
	
1973
    	
 
    	
101.34
    	
 
    

 

33

 

	
If Redeemed During
    	
 
    	
Special Redemption Price
    	
 
    
	
the 12 Month Period
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
Beginning July 1
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
1974
    	
 
    	
101.26
    	
 
    
	
1975
    	
 
    	
101.18
    	
 
    
	
1976
    	
 
    	
101.09
    	
 
    
	
1977
    	
 
    	
101.00
    	
 
    
	
1978
    	
 
    	
100.90
    	
 
    
	
1979
    	
 
    	
100.80
    	
 
    
	
1980
    	
 
    	
100.70
    	
 
    
	
1981
    	
 
    	
100.59
    	
 
    
	
1982
    	
 
    	
100.49
    	
 
    
	
1983
    	
 
    	
100.37
    	
 
    
	
1984
    	
 
    	
100.25
    	
 
    
	
1985
    	
 
    	
100.00
    	
 
    

 

All Bonds of 1986 Series delivered to the Trustee in lieu of cash or redeemed by operation of the Improvement Fund for Bonds of 1986 Series in accordance with the provisions of this Article IV, together with the unmatured coupons thereto appertaining, shall forthwith be cancelled by the Trustee and shall be delivered to the Company. Bonds of 1986 Series so cancelled shall not be reissued, and, so long as any Bonds of 1986 Series are outstanding, no additional Bonds shall be authenticated and delivered in substitution for Bonds of 1986 Series so cancelled or in substitution for Bonds of 1971 Series, Bonds of 1975 Series, Bonds of 1980 Series or Bonds of 1982 Series delivered to the Trustee in lieu of cash otherwise payable into the improvement funds for any of such series, or redeemed by operation of such funds, in accordance with the provisions of the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950 or May 1, 1952 with respect to the operation of such improvement funds, and no cash included in the trust estate shall be withdrawn, nor shall the amount of cash required to be paid into the trust estate under any provision of the Original Indenture, the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950, May 1, 1952 or this Supplemental Indenture be reduced, on the basis thereof.

 

SECTION 4.              The Company hereby covenants and agrees that, so long as any of the Bonds of 1986 Series are outstanding, the

 

34

 

Company will file with the Trustee on or before the fifteenth day of April in each of the calendar years 1958 to 1985, both inclusive, an engineer’s certificate with respect to the amount of net bondable value of property additions not subject to an unfunded prior lien (such amount being hereafter in this Article IV sometimes referred to as the amount of net bondable value of property additions, all references to property additions being to property additions not subject to an unfunded prior lien except where otherwise specified), of the nature required by Section 4(a) of Article III of the Original Indenture, either

 

(a)         stating, in lieu of the matters required to be stated in a certificate required by said Section 4(a), the matters required by paragraphs (1), (5), (7), (9) and (18) of said Section 4(a) and the balance of or deficiency in net bondable value of property additions remaining after taking the balance or deficiency stated pursuant to said paragraph (1) and subtracting from said balance or adding to said deficiency, as the case may be, the amounts stated in said paragraphs (5), (7) and (9),

 

or, at the election of the Company,

 

(b)         stating all the matters required by said Section 4(a), other than paragraphs (3), (4) and (8) thereof, and accompanied by the applicable certificates, instruments, opinion, prior lien bonds and cash required by Subdivisions (c) to (h), both inclusive, of said Section 4.

 

Such certificate may, so long as any of the Bonds of 1971 Series, Bonds of 1975 Series, Bonds of 1980 Series or Bonds of 1982 Series are outstanding, be the engineer’s certificate required to be filed with the Trustee pursuant to Section 4 of Part IV of the Supplemental Indenture of May 1, 1941 or pursuant to Section 4 of Article IV of the Supplemental Indentures of October 1, 1945, December 1, 1950 or May 1, 1952, in connection with the improvement funds for Bonds of such series. If such certificate shall show a balance of net bondable value of property additions, the Company may at its election (in addition to or in lieu of exercising the elections provided for in said sections of the Supplemental

 

35

 

Indentures of May 1, 1941, October 1, 1945, December 1, 1950 and May 1, 1952, in connection with the improvement funds for Bonds of 1971 Series, Bonds of 1975 Series, Bonds of 1980 Series and Bonds of 1982 Series) deduct from such balance an amount not exceeding one hundred sixty-six and two-thirds per cent. (166 2/3%) of the sum otherwise required to be paid to the Trustee for the Improvement Fund for Bonds of 1986 Series for such year, if such balance shall equal at least said amount (after the deductions, if any, made pursuant to said elections in respect of the improvement funds for Bonds of 1971 Series, Bonds of 1975 Series, Bonds of 1980 Series and Bonds of 1982 Series), or any part or all of the entire balance if less than said amount, and may apply sixty per cent. (60%) of the amount so deducted as a credit against the Improvement Fund for Bonds of 1986 Series provided for in Section 1 of this Article IV. If the Company exercises the election granted to it pursuant to this Section 4 to apply any part or all of such balance of net bondable value of property additions shown by such engineer’s certificate for the purpose of the Improvement Fund for Bonds of 1986 Series, such engineer’s certificate shall also state, as separate and additional items, the amount deducted for such purpose, and the then remaining balance, if any, of net bondable value of property additions. Subject to the provisions of Sections 5 and 6 of this Article IV, Sections 5 and 6 of Part IV of the Supplemental Indenture of May 1, 1941 and Sections 5 and 6 of Article IV of the Supplemental Indentures of October 1, 1945, December 1, 1950 and May 1, 1952, such then remaining balance, if any, of net bondable value of property additions or the deficiency, if any, in net bondable value of property additions shown in such certificate shall be the balance or deficiency to be stated pursuant to paragraph (1) of Section 4(a) of Article III of the Original Indenture in the next succeeding engineer’s certificate with respect to the amount of net bondable value of property additions filed with the Trustee.

 

The Company hereby covenants that, so long as any of the Bonds of 1986 Series are outstanding, it will not apply for the authentication and delivery of additional Bonds pursuant to

 

36

 

Section 4 of Article III of the Original Indenture or the withdrawal of cash included in the trust estate or the reduction of the amount of cash required to be paid into the trust estate under any provision of the Original Indenture, the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950, May 1, 1952 or this Supplemental Indenture upon the basis of the amount so deducted for the purpose of the Improvement Fund for Bonds of 1986 Series or upon the basis of the amounts deducted for the purposes of the improvement funds for Bonds of 1971 Series, Bonds of 1975 Series, Bonds of 1980 Series or Bonds of 1982 Series in accordance with the provisions with respect thereto contained in the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950 or May 1, 1952. Each engineer’s certificate filed pursuant to this Section 4 and each engineer’s certificate with respect to the amount of net bondable value of property additions filed with the Trustee pursuant to any of the provisions of the Original Indenture, the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950, May 1, 1952 or this Supplemental Indenture shall state the amounts, if any, theretofore and since the date of the last previous such certificate deducted for the purpose of the Improvement Fund for Bonds of 1986 Series pursuant to this Section 4 or for the purposes of the improvement funds for Bonds of 1971 Series, Bonds of 1975 Series, Bonds of 1980 Series or Bonds of 1982 Series or for the purpose of the Maintenance Fund provided by Section 5 of Part IV of the Supplemental Indenture of May 1, 1941, pursuant to paragraph (d) of said Section 5 or restored to net bondable value of property additions pursuant to Section 6 of this Article IV, Section 6 of Part IV of the Supplemental Indenture of May 1, 1941 or Section 6 of Article IV of the Supplemental Indentures of October 1, 1945, December 1, 1950 or May 1, 1952, and that no part of such amounts so deducted and not so restored is included in the amount of net bondable value of property additions stated pursuant to paragraph (1) of Section 4(a) of Article III of the Original Indenture in the certificate then being filed, or has theretofore been made the basis for the issue of additional Bonds pursuant to Section 4 of Article III of the Original Indenture or the withdrawal of cash included in the trust estate or the reduction 

 

37

 

of the amount of cash required to be paid into the trust estate under any provision of the Original Indenture, the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950, May 1, 1952 or this Supplemental Indenture.

 

SECTION 5.              The Company hereby covenants and agrees that, so long as any of the Bonds of 1986 Series are outstanding, the Company will, on or before the fifteenth day of April in each year continue to make the deposits with the Trustee for the Maintenance Fund provided in Section 5 of Part IV of the Supplemental Indenture of May 1, 1941 and will comply with all the covenants and provisions with respect to such Maintenance Fund contained in said Section 5, which covenants and provisions are hereby continued in effect so long as any of the Bonds of 1986 Series are outstanding; provided, however, that

 

(a)         in calculating the balance of net bondable value of property additions which the Company is entitled to take as a credit against the Maintenance Fund for any calendar year pursuant to paragraph (d) of Section 5 of Part IV of the Supplemental Indenture of May 1, 1941, there shall be deducted, in addition to the deduction specified in said paragraph (d), the amount, if any, of net bondable value of property additions deducted for the purpose of the Improvement Fund for Bonds of 1986 Series for such year pursuant to Section 4 of this Article IV, and such additional deduction shall be made in stating the amount of the balance of net bondable value of property additions in paragraph (10) of the engineer’s certificate filed with the Trustee for such year pursuant to Section 5 of Part IV of the Supplemental Indenture of May 1, 1941 (an engineer’s certificate of such character being hereinafter in this Article IV referred to as the “Maintenance Fund certificate,” all references to paragraphs of the Maintenance Fund certificate being to the paragraphs of such engineer’s certificate as specified in Section 5 of Part IV of the Supplemental Indenture of May 1, 1941);

 

(b)         no refundable Bonds theretofore delivered to the Trustee in lieu of cash in accordance with the provisions of

 

38

 

Sections 1 and 2 of this Article IV shall be used as the basis for a credit against the Maintenance Fund pursuant to paragraph (e) of Section 5 of Part IV of the Supplemental Indenture of May 1, 1941 and, accordingly, shall not be included in the aggregate principal amount of refundable Bonds which may be stated in paragraph (11) of the Maintenance Fund certificate;

 

(c)          the requirements of paragraph (9) of the Maintenance Fund certificate shall be satisfied, in case no engineer’s certificate specified in Section 4 of Part IV of the Supplemental Indenture of May 1, 1941 or in Section 4 of Article IV of the Supplemental Indentures of October 1, 1945, December 1, 1950 or May 1, 1952 had been or concurrently therewith is being filed with the Trustee pursuant to either of said Sections, by filing with the Trustee pursuant to Section 4 of this Article IV the engineer’s certificate therein specified and by appropriate reference in paragraph (9) of the Maintenance Fund certificate to such engineer’s certificate; and

 

(d)         all cash received by the Trustee for the Maintenance Fund pursuant to Section 5 of Part IV of the Supplemental Indenture of May 1, 1941, not paid over to the Company as therein provided within one year from the date of such deposit and not added to the Improvement Fund for Bonds of 1971 Series as therein provided or to the Improvement Funds for Bonds of 1975 Series, Bonds of 1980 Series or Bonds of 1982 Series as provided in Section 5 of Article IV of the Supplemental Indentures of October 1, 1945, December 1, 1950 and May 1, 1952, shall, at the election of the Company, be added to the Improvement Fund for Bonds of 1986 Series provided for in Section 1 of this Article IV.

 

SECTION 6.              The Company shall, so long as any of the Bonds of 1986 Series are outstanding, continue to have and may exercise all of the rights and privileges set forth in Section 6 of Part IV of the Supplemental Indenture of May 1, 1941, with respect to the return of any cash deposited with the Trustee for the Maintenance Fund, and the restoration of the amount of net bondable

 

39

 

value of property additions taken as a credit against the Maintenance Fund and the restoration of the availability of refundable Bonds taken as a credit against the Maintenance Fund for the uses and purposes set forth in Section 6 of said Part IV, to the extent of excess credits as therein provided, upon compliance with the provisions of Section 6 of said Part IV which are hereby continued in effect so long as any of the Bonds of 1986 Series are outstanding; and the Company may in the same manner restore the availability of refundable Bonds, taken as a credit against the Maintenance Fund, for delivery to the Trustee in lieu of the payment of cash pursuant to the provisions of Sections 1 and 2 of this Article IV.

 

ARTICLE V.

 

COVENANTS.

 

The Company hereby covenants, warrants and agrees:

 

SECTION 1.              That the Company is lawfully seized and possessed of all of the mortgaged property described in the granting clauses of this Supplemental Indenture; that it has good right and lawful authority to mortgage the same as provided in this Supplemental Indenture; and that such mortgaged property is, at the actual date of the initial issue of the Bonds of 1986 Series, free and clear of any deed of trust, mortgage, lien, charge or encumbrance thereon or affecting the title thereto prior to the Original Indenture, except as set forth in the granting clauses of the Original Indenture or this Supplemental Indenture.

 

SECTION 2.              (a) That, so long as any of the Bonds of 1986 Series are outstanding, whenever any officers’ certificate is required to be filed or deposited with the Trustee pursuant to Section 3(b) of Article III of the Original Indenture upon an application for the authentication of additional Bonds pursuant to Article III of the Original Indenture, such officers’ certificate shall include, in addition to the matters required to be stated therein by said Section 3(b), a statement showing that:

 

40

 

(1)         The net earnings of the Company available for interest after property retirement appropriations, as hereinafter defined, for any twelve consecutive calendar months during the period of fifteen months immediately preceding the first day of the month in which the application for authentication and delivery of additional Bonds is made, have been in the aggregate equal to not less than twice the annual interest charges on

 

(i)            all Bonds then outstanding under the Original Indenture and any indentures supplemental thereto and the additional Bonds applied for; and

 

(ii)        all prior lien bonds and indebtedness, if any, of the character specified in paragraphs (ii), (iii) and (iv) of Section 3(b) of Article III of the Original Indenture, at the time outstanding and all such prior lien bonds, if any, simultaneously applied for;

 

and

 

(2)         The net earnings of the Company available for interest after property retirement appropriations have been calculated in accordance with the definition thereof contained in Section 2(b) of Article V of this Supplemental Indenture, and to that end specifying the operating revenues of the Company and the net non-operating revenues of the properties of the Company and the deductions therefrom, all as called for by said definition.

 

(b)         The term “net earnings of the Company available for interest after property retirement appropriations” shall mean the net earnings of the Company ascertained as follows:

 

(1)         The total operating revenues of the Company and the net non-operating revenues of the properties of the Company shall be ascertained.

 

(2)         From the total, determined as provided in the preceding paragraph (1), there shall be deducted all operating expenses of the Company, including all salaries, rentals, insurance, interest on customers’ deposits, license and franchise fees, taxes (other than income and excess or other profits taxes

 

41

 

which are imposed on income after the deduction of interest charges), and the greater of (i) the provisions for depreciation and expenditures for maintenance and repairs or (ii) fifteen per cent. (15%) of the gross operating revenues of the Company for the period in question calculated in the manner provided in Subdivision (c) of this Section 2; but excluding all interest charges (other than interest on customers’ deposits), amortization of stock or debt discount and expense or premium, provisions for amortization of plant acquisition adjustment accounts or plant adjustment accounts or other provisions for amortization not charged as an operating expense on the books of the Company and provisions for any improvement, maintenance or sinking fund or other device for the retirement of any indebtedness.

 

(3)         The balance remaining after the deduction of the total amount computed pursuant to paragraph (2) from the total amount computed pursuant to paragraph (1) shall constitute the “net earnings of the Company available for interest after property retirement appropriations”.

 

(4)         No income received or accrued by the Company from securities or other investments in other corporations and no profits or losses from the sale of capital assets shall be included in making such computations.

 

(5)         In case the Company shall have acquired any acquired plant or system within or after the particular period for which the calculation of net earnings of the Company available for interest after property retirement appropriations is made, then, in computing the net earnings of the Company available for interest after property retirement appropriations there shall be included, to the extent that they may not have been otherwise included, the net earnings or net losses of such acquired plant or system for the whole of such period. The net earnings or net losses of such acquired plant or system preceding such acquisition shall be ascertained and computed as provided in the foregoing paragraphs of this definition as if such acquired plant or system had been owned by the Company during the whole of such period.

 

42

 

(6)         In case the Company shall have obtained the release of any property pursuant to Section 3 of Article VII of the Original Indenture, of a fair value in excess of Five hundred thousand dollars as shown by the engineer’s certificate required by said Section 3, or shall have obtained the release of any property pursuant to Section 7 of Article VII of the Original Indenture, the proceeds of which shall have exceeded Five hundred thousand dollars, within or after the particular period for which the calculation of net earnings of the Company available for interest after property retirement appropriations is made, then, in computing the net earnings of the Company available for interest after property retirement appropriations, the net earnings or net losses of such property for the whole of such period shall be excluded to the extent practicable on the basis of actual earnings and expenses of such property or on the basis of such estimates of the earnings and expenses of such property as the signers of the officers’ certificate referred to in Subdivision (a) of this Section 2 shall deem proper.

 

The terms “net earnings of property available for interest after property retirement appropriations” and “net earnings of another corporation available for interest after property retirement appropriations”, when used with respect to any property or with respect to another corporation, shall mean the net earnings of such property or such other corporation, as the case may be, computed on a corporate basis in the manner provided in this definition for the computation of net earnings of the Company available for interest after property retirement appropriations.

 

The net earnings available for interest after property retirement appropriations, whether of the Company or of some other corporation or of property, shall be determined in accordance with principles of sound accounting practice.

 

(c)          The “gross operating revenues of the Company” shall mean the gross operating revenues of the Company as shown by the books of the Company and after deducting the cost to the Company of electric energy purchased for resale and of the net amount of electric energy received on interchange, and after

 

43

 

deducting any rentals paid by the Company for all leased electric generating, transmitting, distributing and other operating properties.

 

SECTION 3.              That, so long as any of the Bonds of 1986 Series are outstanding, the Company will not apply for the authentication and delivery of additional Bonds pursuant to Section 4 of Article III of the Original Indenture or the withdrawal of cash from the trust estate or the reduction of the amount of cash required to be paid into the trust estate or to satisfy the maintenance and improvement funds under any provision of the Original Indenture or the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950 or May 1, 1952 or this Supplemental Indenture, on the basis of the amount of $15,000,000 excluded from net bondable value of property additions not subject to an unfunded prior lien pursuant to Section 3 of Article V of the Supplemental Indenture of October 1, 1945, or on the basis of an additional amount of $7,500,000 in respect of property additions acquired by the Company prior to the date of this Supplemental Indenture and not heretofore included in any engineer’s certificate in respect of net bondable value of property additions not subject to an unfunded prior lien filed with the Trustee; and in the first such engineer’s certificate filed with the Trustee after the authentication and delivery of the original issue of Bonds of 1986 Series, the Company will deduct such amount of $7,500,000 in calculating the balance of net bondable value of property additions not subject to an unfunded prior lien required to be shown pursuant to paragraph (12) of Section 4(a) of Article III of the Original Indenture.

 

SECTION 4.              That, so long as any of the Bonds of 1986 Series are outstanding, the Company will not issue or permit to be issued any prior lien bonds secured by any unfunded prior lien in addition to the prior lien bonds secured by such unfunded prior lien at the time of first acquisition by the Company of property subject thereto (other than in lieu of lost, stolen or mutilated bonds or on the exchange for bonds already outstanding of an equal principal amount of other bonds of the same issue

 

44

 

and the same series, if any, and of the same maturity), except upon compliance with the provisions of Section 16 of Article IV of the Original Indenture, nor unless the net earnings of the Company available for interest after property retirement appropriations (determined as provided in Section 2 of this Article V), for any twelve consecutive calendar months during the period of fifteen calendar months immediately preceding the first day of the month in which the additional prior lien bonds are to be issued, have been, in the aggregate, equal to not less than twice the annual interest charges on the indebtedness specified in sub-paragraphs (i) and (ii) of paragraph (1) of Section 2(a) of this Article V; provided that, if the application for the issue of such additional prior lien bonds is upon the basis of payment at maturity of prior lien bonds theretofore sold or otherwise disposed of or the redemption or purchase thereof after a date two years prior to the date of maturity, the additional requirement imposed by this Section 4 with respect to net earnings of the Company available for interest after property retirement appropriations shall not apply. Any officers’ certificate with respect to net earnings of the Company, required to be filed with the Trustee as a condition precedent to the issue of such additional prior lien bonds, shall include, in addition to the matters otherwise required to be stated therein, the matters required to be stated in an officers’ certificate pursuant to paragraphs (1) and (2) of Section 2(a) of this Article V.

 

SECTION 5.              That, so long as any of the Bonds of 1986 Series are outstanding, the Company will not acquire, by purchase, merger or otherwise, any property subject to a lien or liens which will on acquisition be an unfunded prior lien or prior liens, except upon compliance with the provisions of Section 14 of Article IV of the Original Indenture, nor unless the net earnings of such property available for interest after property retirement appropriations (determined in the manner provided in Section 2 of this Article V), for any twelve consecutive calendar months immediately preceding the first day of the month in which the first acquisition of property subject to such lien or liens occurs, have been, in the aggregate, equal to not less than twice the amount of annual interest charges on all outstanding indebtedness secured by such lien or

 

45

 

liens. Any officers’ certificate with respect to net earnings of such property, required to be filed with the Trustee as a condition precedent to the acquisition of such property, shall include, in addition to the matters otherwise required to be stated therein, the matters required to be stated in an officers’ certificate pursuant to Section 2 of this Article V applicable, however, only to the net earnings of such property and to the indebtedness secured by such liens to which such property is subject.

 

SECTION 6.              (a) That, so long as any of the Bonds of 1986 Series are outstanding, the Company will not pay any dividend on its Common Stock (other than dividends payable in its Common Stock) or make any distribution on, or purchase or acquire for value any of, its Common Stock, if the amount thereof, together with the aggregate amount of such payments, distributions, purchases or acquisitions made since June 30, 1956, would exceed Fourteen million five hundred thousand dollars ($14,500,000) plus the aggregate net income of the Company applicable to the Common Stock of the Company subsequent to June 30, 1956 and prior to the date on which such payment, distribution, purchase or acquisition is to be made, computed in the manner provided in Subdivision (b) of this Section 6, except that in such computation any and all charges and/or credits to earned surplus subsequent to June 30, 1956 representing adjustments on account of excessive or deficient accruals charged to income subsequent to June 30, 1956 for taxes shall be considered as charges and/or credits to income.

 

(b)         The term “net income of the Company applicable to the Common Stock of the Company” shall mean for any particular period the net income of the Company for such period as shown by the books of the Company, after deducting therefrom an amount equal to dividends accrued during such period on any class of capital stock of the Company having preference as to payment of dividends over the Common Stock of the Company; provided, however, that, in computing such net income of the Company for any particular period, operating expenses, among other things, shall include the greater of (i) the provisions for depreciation for such period as recorded on the books of the

 

46

 

Company, excluding, however, any provision for amortization of plant acquisition adjustment accounts or plant adjustment accounts or other provisions for amortization not charged as an operating expense on the books of the Company, or (ii) the amount by which fifteen per cent. (15%) of the gross operating revenues of the Company for such period (calculated in the manner provided in Subdivision (c) of Section 2 of this Article V) exceeds the total amounts expended by the Company during such period for maintenance and repairs as shown by the books of the Company.

 

ARTICLE VI.

 

THE TRUSTEE.

 

The Trustee hereby accepts the trusts hereby declared and provided, and agrees to perform the same upon the terms and conditions in the Original Indenture and in this Supplemental Indenture set forth, and upon the following terms and conditions:

 

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or 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.

 

ARTICLE VII.

 

MISCELLANEOUS PROVISIONS.

 

All terms contained in this Supplemental Indenture shall, for all purposes thereof, have the meanings given to such terms in Article I of the Original Indenture.

 

This Supplemental Indenture may be simultaneously executed in any number of counterparts, each of which when so executed shall be deemed to be an original; but such counterparts shall together constitute but one and the same instrument.

 

IN WITNESS WHEREOF, said Union Electric Company has caused this Indenture to be executed on its behalf by its President or one of its Vice Presidents and its corporate seal to be hereto affixed

 

47

 

and said seal and this Indenture to be attested by its Secretary or one of its Assistant Secretaries; and said St. Louis Union Trust Company, in evidence of its acceptance of the trust hereby created, has caused this Indenture to be executed on its behalf by its President or one of its Vice Presidents, and its corporate seal to be hereto affixed and said seal and this Indenture to be attested by its Secretary or one of its Assistant Secretaries; all as of the first day of July, One thousand nine hundred and fifty-six.

 

	
 
    	
UNION ELECTRIC COMPANY,
    
	
[CORPORATE SEAL]
    	
 
    
	
 
    	
By
    	
DUDLEY SANFORD
    
	
 
    	
 
    	
Vice President.
    

 

Attested:

 

H. G. NIEMOELLER

Assistant Secretary.

 

Signed, sealed and delivered by

UNION ELECTRIC COMPANY

in the presence of:

 

C. J. SCHUMERT

WM. R. SCHMIED

As Witnesses.

 

	
 
    	
ST. LOUIS UNION TRUST COMPANY,
    
	
 
    	
 
    
	
[CORPORATE SEAL]
    	
 
    
	
 
    	
 
    
	
 
    	
By
    	
H. J. MILLER
    
	
Attested:
    	
 
    	
Vice President.
    

 

D. L. MCVEA

Assistant Secretary.

 

Signed, sealed and delivered by

ST. LOUIS UNION TRUST COMPANY 

in the presence of:

 

A. J. ANDERSON

V. C. COOPER

As Witnesses.

 

48

 

	
STATE OF MISSOURI,

CITY OF ST. LOUIS,
    	

    	
SS.:
    

 

On this 18th day of July, 1956, before me appeared DUDLEY SANFORD, to me personally known, who, being by me duly sworn, did say that he is a Vice President of UNION ELECTRIC COMPANY, a corporation, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and said DUDLEY SANFORD acknowledged said instrument to be the free act and deed of said corporation.

 

IN TESTIMONY WHEREOF, I have hereto set my hand and affixed my official seal at my office, in the City and State aforesaid, the day and year last above written.

 

	
 
    	
O. W. JOHNSON
    
	
[NOTARIAL SEAL]
    	
Notary Public.
    
	
 
    	
 
    
	
 
    	
My Commission Expires   April 19, 1958
    

 

49

 

	
STATE OF MISSOURI,

CITY OF ST. LOUIS,
    	

    	
SS.:
    

 

On this 18th day of July, 1956, before me appeared H. J. MILLER, to me personally known, who, being by me duly sworn, did say that he is a Vice President of ST. LOUIS UNION TRUST COMPANY, a corporation, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation as the trustee thereunder by authority of its Board of Directors, and said H. J. MILLER acknowledged said instrument to be the free act and deed of said corporation as the trustee under said instrument.

 

IN TESTIMONY WHEREOF, I have hereto set my hand and affixed my official seal at my office, in the City and State aforesaid, the day and year last above written.

 

	
 
    	
FRANCIS H. QUIGLEY
    
	
[NOTARIAL SEAL]
    	
Notary Public.
    
	
 
    	
 
    
	
 
    	
My Commission Expires   Oct. 27, 1956
    

 

50

 

The Supplemental Indenture dated July 1, 1956, was executed in eighty counterparts. Executed counterparts were recorded in the offices of the Recorders of Deeds for the City of St. Louis, Missouri, and Counties in Missouri, Illinois and Iowa listed below, as follows:

 

	
County
    	
 
    	
Date Recorded
    	
 
    	
Time
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
 
    	
 
    
	
STATE OF MISSOURI
    	
 
    
	
Benton
    	
 
    	
July 20, 1956
    	
 
    	
8:40 A.M.
    	
 
    	
214
    	
 
    	
581
    	
 
    	
 
    	
 
    
	
Bollinger
    	
 
    	
July 20, 1956
    	
 
    	
8:30 A.M.
    	
 
    	
134
    	
 
    	
516
    	
 
    	
 
    	
 
    
	
Boone
    	
 
    	
July 20, 1956
    	
 
    	
9:36 A.M.
    	
 
    	
284
    	
 
    	
112
    	
 
    	
 
    	
 
    
	
Camden
    	
 
    	
July 19, 1956
    	
 
    	
1:00 P.M.
    	
 
    	
49
    	
 
    	
35
    	
 
    	
 
    	
 
    
	
Clark
    	
 
    	
July 19, 1956
    	
 
    	
2:30 P.M.
    	
 
    	
59
    	
 
    	
2
    	
 
    	
 
    	
 
    
	
Cooper
    	
 
    	
July 19, 1956
    	
 
    	
3:40 P.M.
    	
 
    	
67
    	
 
    	
440
    	
 
    	
 
    	
 
    
	
Crawford
    	
 
    	
July 19, 1956
    	
 
    	
9:00 A.M.
    	
 
    	
68
    	
 
    	
629
    	
 
    	
 
    	
 
    
	
Franklin
    	
 
    	
July 19, 1956
    	
 
    	
10:00 A.M.
    	
 
    	
76
    	
 
    	
1
    	
 
    	
 
    	
 
    
	
Gasconade
    	
 
    	
July 19, 1956
    	
 
    	
11:30 A.M.
    	
 
    	
93
    	
 
    	
386
    	
 
    	
 
    	
 
    
	
Henry
    	
 
    	
July 19, 1956
    	
 
    	
4:00 P.M.
    	
 
    	
A-51
    	
 
    	
1
    	
 
    	
 
    	
 
    
	
Howard
    	
 
    	
July 19, 1956
    	
 
    	
4:05 P.M.
    	
 
    	
183
    	
 
    	
720
    	
 
    	
 
    	
 
    
	
Jefferson
    	
 
    	
July 20, 1956
    	
 
    	
1:00 P.M.
    	
 
    	
203
    	
 
    	
264
    	
 
    	
 
    	
 
    
	
Madison
    	
 
    	
July 20, 1956
    	
 
    	
9:00 A.M.
    	
 
    	
86
    	
 
    	
250
    	
 
    	
 
    	
 
    
	
Maries
    	
 
    	
July 19, 1956
    	
 
    	
11:00 A.M.
    	
 
    	
80
    	
 
    	
131
    	
 
    	
 
    	
 
    
	
Marion
    	
 
    	
July 19, 1956
    	
 
    	
10:00 A.M.
    	
 
    	
459
    	
A
    	
356
    	
 
    	
 
    	
 
    
	
Miller
    	
 
    	
July 19, 1956
    	
 
    	
11:50 A.M.
    	
 
    	
37
    	
 
    	
464
    	
 
    	
 
    	
 
    
	
Moniteau
    	
 
    	
July 19, 1956
    	
 
    	
2:30 P.M.
    	
 
    	
62
    	
 
    	
641
    	
 
    	
 
    	
 
    
	
Morgan
    	
 
    	
July 20, 1956
    	
 
    	
10:30 A.M.
    	
 
    	
54
    	
 
    	
587
    	
 
    	
 
    	
 
    
	
Osage
    	
 
    	
July 19, 1956
    	
 
    	
1:08 P.M.
    	
 
    	
103
    	
 
    	
217
    	
 
    	
 
    	
 
    
	
Phelps
    	
 
    	
July 19, 1956
    	
 
    	
10:50 A.M.
    	
 
    	
80
    	
 
    	
359
    	
 
    	
 
    	
 
    
	
Ralls
    	
 
    	
July 19, 1956
    	
 
    	
9:00 A.M.
    	
 
    	
160
    	
 
    	
363
    	
 
    	
 
    	
 
    
	
Randolph
    	
 
    	
July 19, 1956
    	
 
    	
4:50 P.M.
    	
 
    	
137
    	
A
    	
436
    	
 
    	
 
    	
 
    
	
St. Charles
    	
 
    	
July 20, 1956
    	
 
    	
3:00 P.M.
    	
 
    	
293
    	
 
    	
109
    	
 
    	
 
    	
 
    
	
St. Clair
    	
 
    	
July 19, 1956
    	
 
    	
3:00 P.M.
    	
 
    	
235
    	
 
    	
519
    	
 
    	
 
    	
 
    
	
St. Francois
    	
 
    	
July 20, 1956
    	
 
    	
10:07 A.M.
    	
 
    	
312
    	
 
    	
478
    	
 
    	
 
    	
 
    
	
Ste. Genevieve
    	
 
    	
July 19, 1956
    	
 
    	
9:00 A.M.
    	
 
    	
149
    	
 
    	
B-1
    	
 
    	
 
    	
 
    
	
St. Louis
    	
 
    	
July 20, 1956
    	
 
    	
3:16 P.M.
    	
 
    	
3640
    	
 
    	
566
    	
 
    	
 
    	
 
    
	
Washington
    	
 
    	
July 20, 1956
    	
 
    	
11:20 A.M.
    	
 
    	
39
    	
 
    	
115
    	
 
    	
 
    	
 
    
	
City of St.   Louis
    	
 
    	
July 18, 1956
    	
 
    	
4:50 P.M.
    	
 
    	
7650
    	
 
    	
152
    	
 
    	
 
    	
 
    
	
STATE OF ILLINOIS
    	
 
    
	
Adams
    	
 
    	
July 19, 1956
    	
 
    	
12:55 P.M.
    	
 
    	
290
    	
 
    	
527
    	
 
    	
 
    	
 
    
	
Calhoun
    	
 
    	
July 20, 1956
    	
 
    	
11:25 A.M.
    	
 
    	
29
    	
 
    	
1
    	
 
    	
(Part II)
    	
 
    
	
Franklin
    	
 
    	
July 19, 1956
    	
 
    	
1:15 P.M.
    	
 
    	
92
    	
 
    	
497
    	
 
    	
 
    	
 
    
	
Hancock
    	
 
    	
July 20, 1956
    	
 
    	
3:25 P.M.
    	
 
    	
157
    	
 
    	
377
    	
 
    	
 
    	
 
    
	
Henderson
    	
 
    	
July 20, 1956
    	
 
    	
11:55 A.M.
    	
 
    	
42
    	
 
    	
640
    	
a
    	
 
    	
 
    
	
Jersey
    	
 
    	
July 20, 1956
    	
 
    	
1:00 P.M.
    	
 
    	
202
    	
 
    	
354
    	
 
    	
 
    	
 
    
	
Macoupin
    	
 
    	
July 19, 1956
    	
 
    	
12:30 P.M.
    	
 
    	
510
    	
 
    	
78
    	
 
    	
 
    	
 
    
	
Madison
    	
 
    	
July 19, 1956
    	
 
    	
10:30 A.M.
    	
 
    	
1709
    	
 
    	
108
    	
 
    	
 
    	
 
    
	
Monroe
    	
 
    	
July 19, 1956
    	
 
    	
9:00 A.M.
    	
 
    	
38
    	
 
    	
141
    	
 
    	
 
    	
 
    
	
Perry
    	
 
    	
July 21, 1956
    	
 
    	
8:00 A.M.
    	
 
    	
94
    	
 
    	
136
    	
 
    	
 
    	
 
    
	
Pike
    	
 
    	
July 19, 1956
    	
 
    	
4:00 P.M.
    	
 
    	
101
    	
 
    	
Part 2
    	
 
    	
 
    	
 
    
	
Randolph
    	
 
    	
July 19, 1956
    	
 
    	
10:00 A.M.
    	
 
    	
56
    	
 
    	
283
    	
 
    	
 
    	
 
    
	
St. Clair
    	
 
    	
July 19, 1956
    	
 
    	
10:00 A.M.
    	
 
    	
1443
    	
 
    	
485
    	
 
    	
 
    	
 
    
	
Union
    	
 
    	
July 19, 1956
    	
 
    	
3:30 P.M.
    	
 
    	
61
    	
 
    	
512
    	
 
    	
 
    	
 
    
	
Washington
    	
 
    	
July 19, 1956
    	
 
    	
11:30 A.M.
    	
 
    	
221
    	
 
    	
282
    	
 
    	
 
    	
 
    
	
STATE OF IOWA
    	
 
    
	
Des Moines
    	
 
    	
July 20, 1956
    	
 
    	
11:20 A.M.
    	
 
    	
167
    	
 
    	
509
    	
 
    	
 
    	
 
    
	
Henry
    	
 
    	
July 20, 1956
    	
 
    	
9:10 A.M.
    	
 
    	
246
    	
 
    	
565
    	
 
    	
 
    	
 
    
	
Lee (Fort   Madison)
    	
 
    	
July 19, 1956
    	
 
    	
4:00 P.M.
    	
 
    	
33
    	
 
    	
Inst. #2
    	
 
    	
 
    	
 
    
	
Lee (Keokuk)
    	
 
    	
July 19, 1956
    	
 
    	
3:28 P.M.
    	
 
    	
90
    	
 
    	
2
    	
 
    	
 
    	
 
    

 

($44,000 United States Documentary Tax Stamps were affixed to Counterpart No. 1 in the possession of the Trustee, and each stamp was individually cancelled.)

 

51Exhibit 4.23

 

(Conformed)

 

UNION ELECTRIC COMPANY

 

TO

 

ST. LOUIS UNION TRUST COMPANY

 

As Trustee

 

Supplemental Indenture

 

DATED APRIL 1, 1971

 

 

First Mortgage Bonds,

75/8% Series due 2001

 

 

 

UNION ELECTRIC COMPANY

SUPPLEMENTAL INDENTURE

 

Dated April 1, 1971

 

 

TABLE OF CONTENTS

 

Inserted for convenience only and not as a part of the

Supplemental Indenture dated April 1, 1971

 

	
 
    	
PAGE
    
	
 
    	
 
    
	
PARTIES
    	
1
    
	
RECITALS
    	
1
    
	
GRANTING CLAUSES
    	
6
    
	
HABENDUM
    	
10
    
	
SUBJECT TO CERTAIN   EXCEPTIONS
    	
10
    
	
GRANT IN TRUST
    	
10
    
	
GENERAL COVENANT
    	
11
    
	
 
    	
 
    
	
ARTICLE I
    
	
DESCRIPTION OF BONDS OF   2001 SERIES
    
	
 
    	
 
    	
 
    	
 
    
	
Sec.
    	
1.
    	
General description of   Bonds of 2001 Series
    	
11
    
	
Sec.
    	
2.
    	
Denominations and   dating of Bonds of 2001 Series and privilege of exchange
    	
12
    
	
Sec.
    	
3.
    	
Form of face of   Bond of 2001 Series
    	
13
    
	
 
    	
 
    	
Form of Trustee’s   Certificate
    	
15
    
	
 
    	
 
    	
Form of reverse of   Bond of 2001 Series
    	
16
    
	
Sec.
    	
4.
    	
Execution of and form   of temporary Bonds of 2001 Series
    	
20
    
	
 
    	
 
    
	
ARTICLE II
    
	
ISSUE OF BONDS OF 2001   SERIES
    
	
 
    	
 
    	
 
    	
 
    
	
Sec. 
    	
1.
    	
Limitation as to   principal amount
    	
20
    
	
Sec.
    	
2.
    	
Initial issue of   $50,000,000 principal amount of Bonds of 2001 Series
    	
20
    
	
 
    	
 
    
	
ARTICLE III
    
	
REDEMPTION
    
	
 
    	
 
    	
 
    	
 
    
	
Sec.
    	
1.
    	
Bonds of 2001   Series redeemable
    	
21
    
	
 
    	
 
    	
Regular redemption   prices
    	
21
    
	
Sec. 
    	
2.
    	
Notice of redemption
    	
21
    

 

 

	
 
    	
PAGE
    
	
 
    	
 
    
	
ARTICLE IV
    
	
IMPROVEMENT AND   MAINTENANCE FUNDS
    
	
 
    	
 
    
	
Sec.
    	
1.
    	
Improvement Fund for   Bonds of 2001 Series
    	
22
    
	
Sec.
    	
2.
    	
Credit for Bonds of   2001 Series delivered to Trustee
    	
23
    
	
Sec.
    	
3.
    	
Application of   Improvement Fund moneys to redemption of Bonds of 2001 Series
    	
24
    
	
 
    	
 
    	
Improvement Fund   redemption prices for Bonds of 2001 Series
    	
25
    
	
Sec.
    	
4.
    	
Credit against   Improvement Fund on basis of property additions
    	
26
    
	
 
    	
 
    	
Engineer’s certificate
    	
27
    
	
Sec.
    	
5.
    	
Continuance of   Maintenance Fund for Bonds of 2001 Series
    	
29
    
	
 
    	
 
    	
Disposition of cash   deposited for Maintenance Fund
    	
30
    
	
Sec.
    	
6.
    	
Return of cash   deposited or restoration of certain credits taken pursuant to Maintenance   Fund
    	
30
    
	
 
    	
 
    
	
ARTICLE V
    
	
COVENANTS
    
	
 
    	
 
    	
 
    	
 
    
	
Sec.
    	
1.
    	
Of seisin and title
    	
31
    
	
Sec.
    	
2.
    	
Earnings test required   for issue of additional Bonds
    	
32
    
	
Sec.
    	
3.
    	
Exclusion of   $22,500,000 from net bondable value of property additions available for   purposes of Indenture
    	
32
    
	
Sec.
    	
4.
    	
Against   issuance of additional prior lien bonds secured by unfunded prior liens   except under certain conditions
    	
33
    
	
Sec.
    	
5.
    	
Against acquisition of   property subject to unfunded prior liens except under certain conditions
    	
34
    
	
Sec.
    	
6.
    	
Dividend restriction
    	
34
    
	
 
    	
 
    
	
ARTICLE VI
    
	
THE TRUSTEE
    
	
 
    	
 
    
	
Acceptance of trusts by   Trustee
    	
36
    
	
Trustee not responsible   for validity of Supplemental Indenture
    	
36
    

 

ii

 

	
 
    	
PAGE
    
	
 
    	
 
    
	
ARTICLE VII
    
	
AMENDMENT
    
	
 
    	
 
    
	
Execution of Bonds by   facsimile signatures
    	
36
    
	
 
    	
 
    
	
ARTICLE VIII
    
	
MISCELLANEOUS PROVISIONS
    
	
 
    	
 
    
	
Meanings of terms in   Supplemental Indenture
    	
36
    
	
Execution of   Supplemental Indenture in counterparts
    	
36
    
	
TESTIMONIUM
    	
37
    
	
EXECUTION
    	
38
    
	
ACKNOWLEDGMENTS
    	
39
    

 

iii

 

SUPPLEMENTAL INDENTURE, dated the first day of April, One thousand nine hundred and seventy-one (1971) made by and between UNION ELECTRIC COMPANY, a corporation organized and existing under the laws of the State of Missouri (hereinafter called the “Company”), party of the first part, and ST. LOUIS UNION TRUST COMPANY, a corporation organized and existing under the laws of the State of Missouri (hereinafter called the “Trustee”), as Trustee under the Mortgage and Deed of Trust dated June 15, 1937, hereinafter mentioned, party of the second part;

 

WHEREAS, the Company has heretofore executed and delivered to the Trustee its Mortgage and Deed of Trust dated June 15, 1937, as amended May 1, 1941 and as being amended by this Supplemental Indenture dated April 1, 1971 (said Mortgage and Deed of Trust, as so amended, being hereinafter sometimes referred to as the “Original Indenture”), to secure the payment of the principal of and the interest (and premium, if any) on all bonds at any time issued and outstanding thereunder; and indentures supplemental thereto dated June 15, 1937, May 1, 1941, March 17, 1942, April 13, 1945, April 27, 1945, October 1, 1945, April 11, 1947, April 13, 1949, September 13, 1950, December 1, 1950, September 20, 1951, May 1, 1952, March 1, 1954, May 1, 1955, August 31, 1955, April 1, 1956, July 1, 1956, August 1, 1957, February 1, 1958, March 1, 1958, November 5, 1958, March 16, 1959, June 24, 1959, December 11, 1959, August 17, 1960, September 1, 1960, October 24, 1960, June 30, 1961, July 1, 1961, August 9, 1962, September 30, 1963, November 1, 1963, March 12, 1965, April 1, 1965, April 14, 1966, May 1, 1966, February 17, 1967, March 1, 1967, February 19, 1968, March 15, 1968, August 21, 1968, April 7, 1969, May 1, 1969, September 12, 1969, October 1, 1969, March 26, 1970, April 1, 1970, June 12, 1970, and January 1, 1971, respectively, have heretofore been entered into between the Company and the Trustee; and

 

WHEREAS, Bonds have heretofore been issued by the Company under said Mortgage and Deed of Trust, or under said Mortgage and Deed of Trust as amended, prior to the date hereof as follows:

 

(1)         $80,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 33/4% Series due 1962, all of which have been redeemed prior to the date of the execution hereof;

 

(2)         $90,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 33/8% Series due 1971 (herein called

 

 

the “Bonds of 1971 Series”), which are described in the Supplemental Indenture dated May 1, 1941 (hereinafter called the “Supplemental Indenture of May 1, 1941”), all of which are outstanding at the date of the execution hereof;

 

(3)         $13,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 23/4% Series due 1975 (herein called the “Bonds of 1975 Series”), which are described in the Supplemental Indenture dated October 1, 1945 (hereinafter called the “Supplemental Indenture of October 1, 1945”), all of which are outstanding at the date of the execution hereof;

 

(4)         $25,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 27/8% Series due 1980 (herein called the “Bonds of 1980 Series”), which are described in the Supplemental Indenture dated December 1, 1950 (hereinafter called the “Supplemental Indenture of December 1, 1950”), all of which are outstanding at the date of the execution hereof;

 

(5)         $30,000,000 principal amount of First Mortgage and Collateral Trust Bonds, 31/4% Series due 1982 (herein called the “Bonds of 1982 Series”), which are described in the Supplemental Indenture dated May 1, 1952 (hereinafter called the “Supplemental Indenture of May 1, 1952”), all of which are outstanding at the date of the execution hereof;

 

(6)         $40,000,000 principal amount of First Mortgage Bonds, 33/4% Series due 1986 (herein called the “Bonds of 1986 Series”), which are described in the Supplemental Indenture dated July 1, 1956 (hereinafter called the “Supplemental Indenture of July 1, 1956”), all of which are out standing at the date of the execution hereof;

 

(7)         $35,000,000 principal amount of First Mortgage Bonds, 43/8% Series due 1988 (herein called the “Bonds of 1988 Series”), which are described in the Supplemental Indenture dated March 1, 1958 (hereinafter called the “Supplemental Indenture of March 1, 1958”), all of which are outstanding at the date of the execution hereof;

 

(8)         $50,000,000 principal amount of First Mortgage Bonds, 43⁄4% Series due 1990 (herein called the “Bonds of

 

2

 

1990 Series”), which are described in the Supplemental Indenture dated September 1, 1960 (hereinafter called the “Supplemental Indenture of September 1, 1960”), all of which are outstanding at the date of the execution hereof;

 

(9)         $30,000,000 principal amount of First Mortgage Bonds, 43/4% Series due 1991 (herein called the “Bonds of 1991 Series”), which are described in the Supplemental Indenture dated July 1, 1961 (hereinafter called the “Supplemental Indenture of July 1, 1961”), all of which are out standing at the date of the execution hereof;

 

(10)       $30,000,000 principal amount of First Mortgage Bonds, 41/2% Series due 1993 (herein called the “Bonds of 1993 Series”), which are described in the Supplemental Indenture dated November 1, 1963 (hereinafter called the “Supplemental Indenture of November 1, 1963”), all of which are outstanding at the date of the execution hereof;

 

(11)       $35,000,000 principal amount of First Mortgage Bonds, 41/2% Series due 1995 (herein called the “Bonds of 1995 Series”), which are described in the Supplemental Indenture dated April 1, 1965 (hereinafter called the “Supplemental Indenture of April 1, 1965”), all of which are outstanding at the date of the execution hereof;

 

(12)       $30,000,000 principal amount of First Mortgage Bonds, 51/2% Series due 1996 (herein called the “Bonds of 1996 Series”), which are described in the Supplemental Indenture dated May 1, 1966 (hereinafter called the “Supplemental Indenture of May 1, 1966”), all of which are out standing at the date of the execution hereof;

 

(13)       $40,000,000 principal amount of First Mortgage Bonds, 51/2% Series due 1997 (herein called the “Bonds of 1997 Series”), which are described in the Supplemental Indenture dated March 1, 1967 (hereinafter called the “Supplemental Indenture of March 1, 1967”), all of which are outstanding at the date of the execution hereof;

 

(14)       $50,000,000 principal amount of First Mortgage Bonds, 7% Series due 1998 (herein called the “Bonds of

 

3

 

1998 Series”), which are described in the Supplemental Indenture dated March 15, 1968 (hereinafter called the “Supplemental Indenture of March 15, 1968”), all of which are outstanding at the date of the execution hereof;

 

(15)       $35,000,000 principal amount of First Mortgage Bonds, 73/8% Series due 1999 (herein called the “Bonds of May 1999 Series”), which are described in the Supplemental Indenture dated May 1, 1969 (hereinafter called the “Supplemental Indenture of May 1, 1969”), all of which are out standing at the date of the execution hereof;

 

(16)       $40,000,000 principal amount of First Mortgage Bonds, 81/4% Series due 1999 (herein called the “Bonds of October 1999 Series”), which are described in the Supplemental Indenture dated October 1, 1969 (hereinafter called the “Supplemental Indenture of October 1, 1969”), all of which are outstanding at the date of the execution hereof;

 

(17)       $60,000,000 principal amount of First Mortgage Bonds, 9% Series due 2000 (herein called the “Bonds of 2000 Series”), which are described in the Supplemental Indenture dated April 1, 1970 (hereinafter called the “Supplemental Indenture of April 1, 1970”), all of which are outstanding at the date of the execution hereof; and

 

(18)       $50,000,000 principal amount of First Mortgage Bonds, 77/8% Series due 2001 (herein called the “Bonds of January 2001 Series”), which are described in the Supplemental Indenture dated January 1, 1971 (hereinafter called the “Supplemental Indenture of January 1, 1971”), all of which are outstanding at the date of the execution hereof;

 

and

 

WHEREAS, the Company on August 31, 1955 acquired all of the properties of Union Electric Power Company, the Subsidiary as defined in Article I of the Original Indenture, upon the dissolution of the Subsidiary; the Company, by Supplemental Indenture dated August 31, 1955, conveyed all of the properties so acquired (other than property of the character defined as excepted property in the granting clauses of the Original Indenture)

 

4

 

to the Trustee upon the terms and trusts in the Original Indenture and the indentures supplemental thereto set forth for the equal and proportionate benefit and security of all present and future holders of the Bonds and coupons issued and to be issued thereunder; all the shares of stock of the Subsidiary were released from the lien of the Original Indenture; and the Company became entitled to change the general designation of the Bonds so as to omit the words “and Collateral Trust”; and

 

WHEREAS, the Articles of Incorporation of the Company were duly amended on April 23, 1956 to change its corporate name from “Union Electric Company of Missouri” to “Union Electric Company”; and

 

WHEREAS, the Company is entitled at this time to have authenticated and delivered additional Bonds in substitution for refundable Bonds for an aggregate principal amount equal to the aggregate principal amount of the refundable Bonds, upon compliance with the provisions of Section 6 of Article III of the Original Indenture; and

 

WHEREAS, the Company desires by this Supplemental Indenture to provide for the creation of a new series of Bonds under the Original Indenture, to be designated “First Mortgage Bonds, 75/8% Series due 2001” (herein called the “Bonds of 2001 Series”), and the Original Indenture provides that certain terms and provisions, as determined by the Board of Directors of the Company, of the Bonds of any particular series may be expressed in and provided by the execution of an appropriate supplemental indenture; and

 

WHEREAS, the Company also desires by this Supplemental Indenture to modify and amend the Original Indenture in order to permit the use by authorized officers of the Company of facsimile signatures in their execution of, and the attestation of the Company’s seal on, Bonds of Series authorized on and after May 1, 1971; and

 

WHEREAS, the Original Indenture provides that the Company and the Trustee may enter into indentures supplemental to the Original Indenture specifically to convey, transfer and assign to the Trustee and to subject to the lien of the Original Indenture additional properties acquired by the Company; and

 

5

 

WHEREAS, the Company, in the exercise of the powers and authority conferred upon and reserved to it under the provisions of the Original Indenture and pursuant to appropriate resolutions 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 have been done, performed and fulfilled and the execution and delivery hereof have been in all respects duly authorized;

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

That, in consideration of the premises and of the mutual covenants herein contained and of the acceptance of this trust by the Trustee and of the sum of One Dollar duly paid by the Trustee to the Company at or before the time of the execution of this Supplemental Indenture, and of other valuable considerations, the receipt whereof is hereby acknowledged, and in order further to secure the payment of the principal of and interest (and premium, if any) on all Bonds at any time issued and outstanding under the Original Indenture, according to their tenor and effect, the Company has executed and delivered this Supplemental Indenture and has granted, bargained, sold, warranted, aliened, remised, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed and by these presents does grant, bargain, sell, warrant, alien, remise, release, convey, assign, transfer, mortgage, pledge, set over and confirm unto St. Louis Union Trust Company, as Trustee, and to its successors in trust under the Original Indenture forever, all and singular the following described properties (in addition to all other properties heretofore subjected to the lien of the Original Indenture and not heretofore released from the lien thereof)—that is to say:

 

FIRST.

 

The following described parcels of real estate located in the County of St. Charles, State of Missouri:

 

6

 

Peruque Lands. A tract of land containing 240 acres and being the southeast 240 acres of a larger tract of land containing 594.70 acres conveyed by George W. Diehl to Francis D. Nunes by deed dated April 1, 1910, and recorded in the Recorder’s Office of St. Charles County, Missouri, in Book 98, Page 104, which said piece of land of 240 acres was on the 2nd day of January, 1914, surveyed by Alfred Riske, County Surveyor of St. Charles County, Missouri, a plat of which survey is recorded in Plat Book 4, Page 87, of the County Surveyor’s records in the Recorder’s Office of said County, and according to which survey said piece of land of 240 acres is described by metes and bounds as follows: Commencing at a stone at the point of intersection of the south-east line of U.S. Survey 1687 with the northern line of the right of way of the Chicago, Burlington & Quincy Railroad from which point a stone at the most southern corner of said survey bears S 31° 0’ W 19.952 chains; running thence along the north line of said railroad right of way N 65° 50’ W 36.84 chains to a stone; thence N 31° 0’ E 69.95 chains to a stake on the southern bank of the Mississippi River from which a locust tree 12 inches in diameter bears N 56° 10’ W 1.225 chains; thence southeastwardly along the south bank of said river to a point in the southeast line of said survey; thence along said southeast line of survey S 31° 0’ W 59.40 chains to the place of beginning; together with all accretions attached thereto.

 

Also a tract of land containing 354.70 acres, more or less, and being all of that part of a tract of 594.70 acres, conveyed by George W. Diehl to Francis D. Nunes by deed dated April 9, 1910, and recorded in the Recorder’s Office of St. Charles County, Missouri, in Book 98, Page 104, described as follows: All that part of U.S. Survey 1687, Township 48 North, Range 3 East, lying east and south of Peruque Creek, containing 735 acres, more or less; excepting therefrom 100 acres thereof sold and conveyed by Lawrence Beck to Henry Beck, by deed recorded in the Recorder’s Office of St. Charles County, Missouri, in Book 16, Page 83, and all that portion of said survey lying south of the right of way of the St. Louis, Keokuk & Northwestern Railroad (now the Chicago, Burlington & Quincy Railroad) containing

 

7

 

40.30 acres sold and conveyed by Aloys Schneider and wife to Thomas J. McMahon by deed dated May 22, 1903, and recorded in the Recorder’s Office of St. Charles County, Missouri, in Book 84, Page 351; also, save and excepting from said 594.70 acres the tract of land containing 240 acres first above described; excepting therefrom a tract of 10.20 acres sold to the St. Louis, Keokuk & Northwestern Railroad Company by Bardo Weinerth and wife as per deed recorded in Book 62, Page 11, of the St. Charles County records; excepting therefrom a 15.8 acre tract of land conveyed to Elmer B. Schlegel and wife by deed recorded in Book 392, Page 330, of the St. Charles County records; and excepting therefrom a tract of 1.8 acres, more or less, conveyed to Elmer B. Schlegel and Clara M. Schlegel, his wife, by General Warranty Deed dated May 5, 1967; together with all accretions attached to the foregoing tract; subject to easement rights of the Prairie Pipe Line Company recorded in Book 123, Page 380.

 

The above tracts were acquired by the Company by deed dated February 1, 1971, recorded in the office of the Recorder of Deeds for said County in Book 575, Page 63.

 

SECOND.

 

ALSO all power houses, plants, buildings and other structures, dams, dam sites, substations, heating plants, gas works, holders and tanks, together with all and singular the electric, heating, gas and mechanical appliances appurtenant thereto of every nature whatsoever, now owned by the Company, including all and singular the machinery, engines, boilers, furnaces, generators, dynamos, turbines and motors, and all and every character of mechanical appliance for generating or producing electricity, steam, gas and other agencies for light, heat, cold, or power or other purposes, and all transmission and distribution systems used for the transmission and distribution of electricity, steam, gas and other agencies for light, heat, cold, or power or any other purpose whatsoever, whether underground or overhead, surface or otherwise, now owned by the Company, including all poles, towers, posts, wires, cables, conduits, man-holes, mains, pipes, tubes, drains, furnaces, switchboards, transformers,

 

8

 

conductors, insulators, supports, meters, lamps, fuses, junction boxes, regulator stations, and other electric, steam and gas fixtures and apparatus; all of the aforementioned property being located in the City of St. Louis, the counties of Adair, Audrain, Benton, Bollinger, Boone, Callaway, Camden, Cape Girardeau, Clark, Cooper, Crawford, Franklin, Gasconade, Howard, Iron, Jefferson, Lewis, Lincoln, Macon, Madison, Maries, Marion, Miller, Moniteau, Montgomery, Morgan, Osage, Perry, Phelps, Pike, Pulaski, Ralls, Randolph, Reynolds, St. Charles, St. Francois, Ste. Genevieve, St. Louis, Schuyler, Scott, Warren, and Washington, Missouri, the counties of Adams, Alexander, Calhoun, Franklin, Hancock, Henderson, Jackson, Jersey, Macoupin, Madison, Massac, Monroe, Perry, Pike, Pulaski, Randolph, St. Clair, Union, and Washington, Illinois, and the counties of Des Moines, Henry, Johnson, Lee, Van Buren, and Washington, Iowa, upon real estate owned by the Company, or occupied by it under rights to so occupy, which real estate is described in the Original Indenture, in the Supplemental Indentures dated May 1, 1941, March 17, 1942, April 13, 1945, April 27, 1945, October 1, 1945, April 11, 1947, April 13, 1949, September 13, 1950, December 1, 1950, September 20, 1951, May 1, 1952, March 1, 1954, May 1, 1955, August 31, 1955, April 1, 1956, July 1, 1956, August 1, 1957, February 1, 1958, March 1, 1958, November 5, 1958, March 16, 1959, June 24, 1959, December 11, 1959, August 17, 1960, September 1, 1960, October 24, 1960, June 30, 1961, July 1, 1961, August 9, 1962, September 30, 1963, November 1, 1963, March 12, 1965, April 1, 1965, April 14, 1966, May 1, 1966, February 17, 1967, March 1, 1967, February 19, 1968, March 15, 1968, August 21, 1968, April 7, 1969, May 1, 1969, September 12, 1969, October 1, 1969, March 26, 1970, April 1, 1970, and January 1, 1971, and in this Supplemental Indenture, or attached to or connected with such real estate or transmission or distribution systems of the Company leading from or into such real estate.

 

THIRD.

 

ALSO (except as in the Original Indenture expressly excepted) all franchises and all permits, ordinances, easements, privileges,

 

9

 

immunities and licenses, all rights to construct, maintain and operate overhead, surface and underground systems for the distribution and transmission of electricity, steam, gas or other agencies for the supply to itself or others of light, heat, cold or power, all rights-of-way, all waters, water rights and flowage rights and all grants and consents, now owned or, subject to the provisions of Article XII of the Original Indenture, which it may hereafter acquire.

 

FOURTH.

 

ALSO, subject to the provisions of Article XII of the Original Indenture, all other property, real, personal and mixed (except as therein or herein expressly excepted) of every nature and kind and wheresoever situated now or hereafter possessed by or belonging to the Company, or to which it is now, or may at any time hereafter be, in any manner entitled at law or in equity.

 

TO HAVE AND TO HOLD all said properties, real, personal and mixed, mortgaged, pledged and conveyed by the Company as aforesaid, or intended so to be, unto the Trustee and its successors and assigns forever;

 

SUBJECT, HOWEVER, to the exceptions and reservations and matters hereinabove recited, to existing leases, to existing liens upon rights-of-way for transmission or distribution line purposes, as defined in Article I of the Original Indenture, and any extensions thereof, and subject to existing easements for streets, alleys, highways, rights-of-way and railroad purposes over, upon and across certain of the property hereinbefore described, and subject also to all the terms, conditions, agreements, covenants, exceptions and reservations expressed or provided in the deeds or other instruments respectively under and by virtue of which the Company acquired the properties hereinabove described, and to undetermined liens and charges, if any, incidental to construction or other existing permitted liens as defined in Article I of the Original Indenture;

 

IN TRUST, NEVERTHELESS, upon the terms and trusts in the Original Indenture and the indentures supplemental thereto, including this Supplemental Indenture, set forth, for the equal

 

10

 

and proportionate benefit and security of all present and future holders of the Bonds and coupons issued and to be issued thereunder, or any of them, without preference of any of said Bonds and coupons of any particular series over the Bonds and coupons of any other series, by reason of priority in the time of the issue, sale or negotiation thereof, or by reason of the purpose of issue or otherwise howsoever, except as otherwise provided in Section 2 of Article IV of the Original Indenture.

 

AND IT IS HEREBY COVENANTED, DECLARED AND AGREED, by and between the parties hereto, for the benefit of those who shall hold the Bonds and coupons, or any of them, to be issued under the Original Indenture, as follows:

 

ARTICLE I.

 

DESCRIPTION OF BONDS OF 2001 SERIES.

 

SECTION 1.              There is hereby created a new series of Bonds to be executed, authenticated and delivered under and secured by the Original Indenture which shall be Bonds of 2001 Series. The Bonds of 2001 Series shall, subject to the provisions of Section 1 of Article II of the Original Indenture, be designated as “First Mortgage Bonds, 75/8% Series due 2001” of the Company. The Bonds of 2001 Series shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to all of the terms, conditions and covenants of, the Original Indenture.

 

The Bonds of 2001 Series shall mature April 1, 2001, and shall bear interest at the rate of seven and five/eighths per cent. (75/8%) per annum, payable semi-annually on the first day of April and the first day of October in each year. The Bonds of 2001 Series shall be payable as to principal and interest in any coin or currency of the United States of America, which at the time of payment is legal tender for public and private debts, and shall be payable at the agency of the Company in the Borough of Manhattan, The City of New York, or at the agency of the Company in the City of St. Louis, Missouri.

 

11

 

SECTION 2. The Bonds of 2001 Series shall be registered Bonds without coupons, of the denominations of $1,000 or any multiple thereof.

 

Bonds of 2001 Series shall be transferable and exchangeable for Bonds of 2001 Series of other denominations as in the Original Indenture provided, except that payment of a service charge therefor will not be required by the Company.

 

Irrespective of the provision of Section 10 of Article II of the Original Indenture, the Company shall not be required (i) to issue, transfer or exchange any Bond of 2001 Series during a period beginning at the opening of business 15 days before any selection of Bonds of 2001 Series to be redeemed, and ending at the close of business on the day notice of redemption is mailed or (ii) to transfer or exchange any Bond of 2001 Series called or being called for redemption in whole or in part, except, in the case of any Bond of 2001 Series to be redeemed in part, the portion thereof not so to be redeemed.

 

Notwithstanding the provisions of Section 6 of Article II of the Original Indenture, Bonds of 2001 Series shall be dated the date of authentication and shall bear interest from the interest payment date to which interest on the Bonds of 2001 Series has been paid next preceding the date thereof, unless such date is an interest payment date to which interest has been paid, in which case they shall bear interest from the date thereof, or unless the date thereof is prior to the first payment of interest, in which case they shall bear interest from April 1, 1971, provided, however, that, subject to the provisions of this Section with respect to failure by the Company to pay any interest on an interest payment date, the holder of any Bond of 2001 Series dated after a record date (as hereinafter defined) for the payment of interest and prior to the date of payment of such interest shall not be entitled to payment of such interest and shall have no claim against the Company with respect thereto.

 

The person in whose name any Bond of 2001 Series is registered at the close of business on any record date with respect to any interest payment date shall be entitled to receive the

 

12

 

interest payable on such interest payment date notwithstanding the cancellation of such Bond upon any transfer or exchange thereof subsequent to the record date and prior to such interest payment date, except if and to the extent the Company shall default in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the person in whose name such Bond is registered on the date of payment of such defaulted interest or on a subsequent record date for such payment if one shall have been established as hereinafter provided. A subsequent record date may be established by the Company by notice mailed to the holders of Bonds of 2001 Series not less than ten days preceding such record date, which record date shall be not more than thirty days prior to the subsequent interest payment date. The term “record date” as used in this Section with respect to any regular interest payment date shall mean the March 15 or September 15, as the case may be, next preceding such interest payment date, or, if such March 15 or September 15 shall be a legal holiday or a day on which banking institutions in the Borough of Manhattan, The City of New York, or the City of St. Louis, Missouri, are authorized by law to close, the next preceding day which shall not be a legal holiday or a day on which such institutions are so authorized to close.

 

SECTION 3.              The Bonds of 2001 Series and the Trustee’s certificate on the Bonds of 2001 Series shall be substantially in the following forms respectively:

 

[FORM OF FACE OF BOND]

UNION ELECTRIC COMPANY

(Incorporated under the laws of the State of Missouri)

FIRST MORTGAGE BOND, 75/8% SERIES DUE 2001

DUE APRIL 1, 2001

	
 
    	
 
    
	
No.
    	
$                
    

 

UNION ELECTRIC COMPANY, a corporation organized and existing under the laws of the State of Missouri (hereinafter

 

13

 

called the “Company”, which term shall include any successor corporation as defined in the Amended Indenture hereinafter referred to), for value received, hereby promises to pay to                                         or registered assigns, the sum of                           Dollars, on the first day of April, 2001, in any coin or currency of the United States of America, which at the time of payment is legal tender for public and private debts, and to pay interest thereon, in like coin or currency, at the rate of seven and five/eighths per cent. (75/8%) per annum, payable semi-annually, on April 1 and October 1 in each year until maturity, or, if this Bond shall be duly called for redemption, until the redemption date, or, if the Company shall default in the payment of the principal hereof, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Amended Indenture referred to on the reverse hereof. Such interest shall be payable from the April 1 or October 1, as the case may be, next preceding the date hereof to which interest has been paid, unless the date hereof is an April 1 or October 1 to which interest has been paid, in which case from the date hereof, or unless the date hereof is prior to the first payment of interest, in which case from April 1, 1971. The interest so payable will be paid to the person in whose name this Bond, or the Bond in exchange or substitution for which this Bond shall have been issued, shall have been registered at the close of business on the March 15 or September 15, as the case may be, next preceding the date of payment, subject to certain exceptions set forth in the Amended Indenture. Both principal of, and interest on, this Bond are payable at the agency of the Company in the Borough of Manhattan, The City of New York, or at the agency of the Company in the City of St. Louis, Missouri.

 

This Bond shall not be entitled to any benefit under the Amended Indenture or any indenture supplemental thereto, or become valid or obligatory for any purpose, until St. Louis Union Trust Company, the Trustee under the Amended Indenture, or a successor trustee thereto under the Amended Indenture, shall have signed the form of certificate endorsed hereon.

 

14

 

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

 

IN WITNESS WHEREOF, Union Electric Company has caused this Bond to be signed in its name by its President or a Vice President, and its corporate seal (or a facsimile thereof) to be hereto affixed and attested by its Secretary or an Assistant Secretary.

 

	
Dated,
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
UNION ELECTRIC   COMPANY,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By
    	
 
    
	
 
    	
 
    	
Vice President.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Attest:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Secretary.
    	
 
    	
 
    

 

[FORM OF TRUSTEE’S CERTIFICATE]

 

This Bond is one of the Bonds (in temporary form), of the series designated therein, described in the within-mentioned Amended Indenture and Supplemental Indenture of April 1, 1971.

 

	
 
    	
ST. LOUIS UNION   TRUST COMPANY,
    
	
 
    	
                                                          Trustee,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By
    	
 
    
	
 
    	
 
    	
 
    	
Authorized   Officer.
    
					

 

15

 

[FORM OF REVERSE OF BOND]

 

This Bond is one of a duly authorized issue of Bonds of the Company (herein called the “Bonds”), in unlimited aggregate principal amount, of the series hereinafter specified, all issued and to be issued under and equally secured by a mortgage and deed of trust, dated June 15, 1937, executed by the Company to St. Louis Union Trust Company (herein called the “Trustee”), as Trustee, as amended by the indentures supplemental thereto dated May 1, 1941 and April 1, 1971, between the Company and the Trustee (said mortgage and deed of trust, as so amended, being herein called the “Amended Indenture”), to which Amended Indenture and all indentures supplemental thereto reference is hereby made for a description of the properties mortgaged and pledged, the nature and extent of the security, the rights of the bearers or registered owners of the Bonds and of the Trustee in respect thereto, and the terms and conditions upon which the Bonds are, and are to be, secured. To the extent permitted by, and as provided in, the Amended Indenture, modifications or alterations of the Amended Indenture, or of any indenture supplemental thereto, and of the rights and obligations of the Company and of the holders of the Bonds may be made with the consent of the Company by an affirmative vote of not less than 80% in amount of the Bonds entitled to vote then outstanding, at a meeting of Bondholders called and held as provided in the Amended Indenture, and by an affirmative vote of not less than 80% in amount of the Bonds of any series entitled to vote then outstanding and affected by such modification or alteration, in case one or more but less than all of the series of Bonds then outstanding under the Amended Indenture are so affected; provided, however, that no such modification or alteration shall be made which will affect the terms of payment of the principal of, or interest on, this Bond, which are unconditional. The Bonds may be issued in series, for various principal sums, may mature at different times, may bear interest at different rates and may otherwise vary as in the Amended Indenture provided. This Bond is one of a series designated as the “First Mortgage Bonds, 75/8% Series due 2001” (herein called “Bonds of 2001

 

16

 

Series”) of the Company, issued under and secured by the Amended Indenture and described in the indenture (hereinafter called the “Supplemental Indenture of April 1, 1971”) dated April 1, 1971, between the Company and the Trustee, supplemental to the Amended Indenture.

 

The Bonds of 2001 Series are subject to redemption (otherwise than for the Improvement Fund hereinafter mentioned or upon application of moneys included in the trust estate), at any time or from time to time prior to maturity, at the option of the Company, either as a whole or in part by lot, subject to certain restrictions with respect to redemptions prior to April 1, 1976, upon payment of the regular redemption prices applicable to the respective periods set forth below, together, in each case, with accrued interest to the redemption date, all subject to the conditions of, and as more fully set forth in, the Amended Indenture and Supplemental Indenture of April 1, 1971.

 

The Bonds of 2001 Series are entitled to the benefit of the Improvement Fund for Bonds of such series and the Maintenance Fund provided for in the Supplemental Indenture of April 1, 1971, and are subject to redemption for such Improvement Fund on or after May 1, 1972, or upon application on or after April 1, 1971 of moneys included in the trust estate, upon payment of the special redemption prices applicable to the respective periods set forth below, together, in each case, with accrued interest to the redemption date, all subject to the conditions of, and as more fully set forth in, the Supplemental Indenture of April 1, 1971.

 

	
If Redeemed During
    	
 
    	
Regular
    	
 
    	
Special
    	
 
    
	
the 12 Month Period
    	
 
    	
Redemption
    	
 
    	
Redemption
    	
 
    
	
Beginning April 1
    	
 
    	
Price
    	
 
    	
Price
    	
 
    
	
 
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
 
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
1971
    	
 
    	
109.47
    	
 
    	
101.85
    	
 
    
	
1972
    	
 
    	
109.15
    	
 
    	
101.83
    	
 
    
	
1973
    	
 
    	
108.82
    	
 
    	
101.81
    	
 
    
	
1974
    	
 
    	
108.50
    	
 
    	
101.79
    	
 
    
	
1975
    	
 
    	
108.17
    	
 
    	
101.77
    	
 
    

 

17

 

	
If Redeemed During
    	
 
    	
Regular
    	
 
    	
Special
    	
 
    
	
the 12 Month Period
    	
 
    	
Redemption
    	
 
    	
Redemption
    	
 
    
	
Beginning April 1
    	
 
    	
Price
    	
 
    	
Price
    	
 
    
	
 
    	
 
    	
Expressed as Percentages of the
    	
 
    
	
 
    	
 
    	
Principal Amount of the Bonds
    	
 
    
	
1976
    	
 
    	
107.84
    	
 
    	
101.75
    	
 
    
	
1977
    	
 
    	
107.52
    	
 
    	
101.72
    	
 
    
	
1978
    	
 
    	
107.19
    	
 
    	
101.70
    	
 
    
	
1979
    	
 
    	
106.86
    	
 
    	
101.67
    	
 
    
	
1980
    	
 
    	
106.54
    	
 
    	
101.64
    	
 
    
	
1981
    	
 
    	
106.21
    	
 
    	
101.60
    	
 
    
	
1982
    	
 
    	
105.88
    	
 
    	
101.56
    	
 
    
	
1983
    	
 
    	
105.56
    	
 
    	
101.53
    	
 
    
	
1984
    	
 
    	
105.23
    	
 
    	
101.48
    	
 
    
	
1985
    	
 
    	
104.90
    	
 
    	
101.44
    	
 
    
	
1986
    	
 
    	
104.58
    	
 
    	
101.39
    	
 
    
	
1987
    	
 
    	
104.25
    	
 
    	
101.34
    	
 
    
	
1988
    	
 
    	
103.92
    	
 
    	
101.28
    	
 
    
	
1989
    	
 
    	
103.60
    	
 
    	
101.22
    	
 
    
	
1990
    	
 
    	
103.27
    	
 
    	
101.15
    	
 
    
	
1991
    	
 
    	
102.94
    	
 
    	
101.08
    	
 
    
	
1992
    	
 
    	
102.62
    	
 
    	
101.01
    	
 
    
	
1993
    	
 
    	
102.29
    	
 
    	
100.93
    	
 
    
	
1994
    	
 
    	
101.96
    	
 
    	
100.84
    	
 
    
	
1995
    	
 
    	
101.64
    	
 
    	
100.74
    	
 
    
	
1996
    	
 
    	
101.31
    	
 
    	
100.64
    	
 
    
	
1997
    	
 
    	
100.98
    	
 
    	
100.53
    	
 
    
	
1998
    	
 
    	
100.66
    	
 
    	
100.41
    	
 
    
	
1999
    	
 
    	
100.33
    	
 
    	
100.29
    	
 
    
	
2000
    	
 
    	
100.00
    	
 
    	
100.00
    	
 
    

 

Such redemption in every case shall be effected upon notice sent by the Company through the mails, postage prepaid, at least thirty days and not more than sixty days prior to the date of redemption, to the registered owners of the Bonds to be redeemed, all subject to the conditions of, and as more fully set forth in, the Amended Indenture and Supplemental Indenture of April 1, 1971.

 

In case an event of default, as defined in the Amended Indenture, shall occur, the principal of all the Bonds at any such time outstanding under the Amended Indenture may be declared or may become due and payable, upon the conditions and in the

 

18

 

manner and with the effect provided in the Amended Indenture. The Amended Indenture provides that such declaration may in certain events be waived by the holders of a majority in principal amount of the Bonds outstanding.

 

This Bond is transferable by the registered owner hereof, in person or by duly authorized attorney, on the books of the Company to be kept for that purpose at the agency of the Company in the Borough of Manhattan, The City of New York, and at the agency of the Company in the City of St. Louis, Missouri, upon surrender and cancellation of this Bond and on presentation of a duly executed written instrument of transfer, and thereupon a new Bond or Bonds of the same series and of the same aggregate principal amount will be issued to the transferee or transferees in exchange herefor, without payment of any charge other than stamp taxes and other governmental charges incident thereto; and this Bond, with or without others of like series, may in like manner be exchanged for one or more new Bonds of the same series and of the same aggregate principal amount; all subject to the terms and conditions set forth in the Amended Indenture.

 

The Company shall not be required (i) to issue, transfer or exchange any Bond of 2001 Series during a period beginning at the opening of business 15 days before any selection of Bonds of 2001 Series to be redeemed, and ending at the close of business on the day notice of redemption is mailed or (ii) to transfer or exchange any Bond of 2001 Series called or being called for redemption in whole or in part, except, in the case of any Bond of 2001 Series to be redeemed in part, the portion thereof not so to be redeemed.

 

No recourse shall be had for the payment of the principal of, or the interest on, this Bond, or for any claim based hereon or on the Amended Indenture or any indenture supplemental thereto, against any incorporator, or against any stockholder, director or officer, past, present or future, of the Company, or of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor

 

19

 

corporation, whether for amounts unpaid on stock subscriptions or by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability, whether at common law, in equity, by any constitution, statute or otherwise, of incorporators, stockholders, directors or officers being released by every owner hereof by the acceptance of this Bond and as part of the consideration for the issue hereof, and being likewise released by the terms of the Amended Indenture.

 

SECTION 4.              Until Bonds of 2001 Series in definitive form are ready for delivery, the Company may execute, and upon its request in writing the Trustee shall authenticate and deliver, in lieu thereof, Bonds of 2001 Series in temporary form, as pro-vided in Section 9 of Article II of the Original Indenture. Such Bonds of 2001 Series in temporary form may, in lieu of the statement of the specific redemption prices required to be set forth in such Bonds in definitive form, include a reference to this Supplemental Indenture for a statement of such redemption prices.

 

ARTICLE II.

 

ISSUE OF BONDS OF 2001 SERIES.

 

SECTION 1.              The principal amount of Bonds of 2001 Series which may be authenticated and delivered hereunder is not limited except as the Original Indenture limits the principal amount of Bonds which may be issued thereunder.

 

SECTION 2.              Bonds of 2001 Series for the aggregate principal amount of Fifty Million Dollars ($50,000,000), being the initial issue of Bonds of 2001 Series, may forthwith be executed by the Company and delivered to the Trustee and shall be authenticated by the Trustee and delivered (either before or after the filing or recording hereof) to or upon the order of the Company, upon compliance by the Company with the applicable provisions of Article III and Article XVIII of the Original Indenture.

 

20

 

ARTICLE III.

 

REDEMPTION.

 

SECTION 1.              The Bonds of 2001 Series shall, subject to the provisions of Article V of the Original Indenture, be redeemable (otherwise than for the Improvement Fund provided in Article IV hereof or pursuant to Section 8 of Article VIII of the Original Indenture), at any time or from time to time prior to maturity, at the option of the Board of Directors of the Company, either as a whole or in part by lot, at the then applicable regular redemption price set forth in the form of Bonds of 2001 Series in Section 3 of Article I of this Supplemental Indenture, together, in each case, with accrued interest to the redemption date.

 

In case of the redemption of less than all the outstanding Bonds of 2001 Series, the particular Bonds or portions (equal to $1,000 or a multiple thereof) of Bonds of a denomination larger than $1,000 to be redeemed shall be determined by lot in such manner as the Trustee in its discretion shall deem proper, as in the Original Indenture provided.

 

Irrespective of the provisions of this Section 1, Bonds of 2001 Series shall not be redeemable at the option of the Company at any time prior to April 1, 1976 (other than by the operation of the Improvement Fund or the Maintenance Fund provided in Article IV of this Supplemental Indenture or pursuant to Section 8 of Article VIII of the Original Indenture) if moneys for such redemption are obtained by the Company directly or indirectly from or in anticipation of borrowings by or for the account of the Company at an effective interest cost (computed in accordance with generally accepted financial practice) of 7.549% or less per annum.

 

SECTION 2.              Subject to the provisions of Article V of the Original Indenture, notice of redemption shall be sent by the Company through the mails, postage prepaid, at least thirty days and not more than sixty days prior to the date of redemption,

 

21

 

to the registered owners of such Bonds to be redeemed at their addresses as the same shall appear on the transfer register of the Company, except that failure so to mail any such notice to the holder of any such Bond designated for redemption in whole or in part shall not affect the validity of the proceedings for the redemption of any other Bond.

 

ARTICLE IV.

 

IMPROVEMENT FUND FOB BONDS OF 2001 SERIES

AND MAINTENANCE FUND.

 

SECTION 1.              The Company covenants and agrees that, so long as any of the Bonds of 2001 Series are outstanding, the Company will, on or before the fifteenth day of April in each of the calendar years 1972 to 2000, both inclusive, pay to the Trustee, as and for a fund herein sometimes called the “Improvement Fund for Bonds of 2001 Series”, a sum in cash equal to one percent. (1%) of (a) the greatest aggregate principal amount of Bonds of 2001 Series outstanding at any one time prior to January 1 of such year, less (b) the aggregate principal amount of all issued Bonds of 2001 Series retired prior to the date of such payment, pursuant to Section 8 of Article VIII of the Original Indenture, by the application of moneys deposited with the Trustee in connection with releases of property or on account of damage or destruction of property; provided, however, that in any such case, Bonds of 2001 Series may be used in lieu of such payments as provided in Section 2 of this Article IV, and in such case, the amount of such payment in cash shall be reduced accordingly by the principal amount of such Bonds of 2001 Series so used; and provided, further, that in any such case, the Company may credit against such Improvement Fund for Bonds of 2001 Series, as provided in Section 4 of this Article IV, an amount equal to sixty per cent. (60%) of the amount of net bondable value of property additions not subject to an unfunded prior lien deducted pursuant to Section 4 of this Article IV from the balance of net bondable value of property additions not subject to an unfunded prior lien shown on

 

22

 

the certificate delivered to the Trustee pursuant to said Section 4. The Company shall not be permitted (either under Section 5 of Article VIII of the Original Indenture or otherwise) to credit any moneys included in the trust estate or any Bonds purchased or redeemed with moneys included in the trust estate against any Improvement Fund payment required to be made by this Section 1.

 

SECTION 2.              If at any time on or before any Improvement Fund payment date the Company shall deliver Bonds of 2001 Series, theretofore issued by the Company, to the Trustee for cancellation for the Improvement Fund for Bonds of 2001 Series, together with an officers’ certificate stating

 

(a)         the cost to the Company of such Bonds of 2001 Series;

 

(b)         that such Bonds of 2001 Series were issued and outstanding immediately prior to their acquisition by the Company; and that to the knowledge of the signers of such certificate none of such Bonds of 2001 Series were acquired by the Company from any affiliate of the Company;

 

(c)          that no portion of said Bonds of 2001 Series had previously been used for credit against the Improvement Fund for Bonds of 2001 Series pursuant to this Section 2 or had been made the basis for the authentication and delivery of additional Bonds or the withdrawal of cash included in the trust estate or the reduction of the amount of cash required to be paid into the trust estate under any provision of the Original Indenture; and

 

(d)         that no portion of said Bonds of 2001 Series had previously been used for credit against the Maintenance Fund provided in Section 5 of this Article IV, unless the availability of such Bonds for credit to the Improvement Fund for Bonds of 2001 Series had been restored pursuant to Section 6 of this Article IV and Section 6 of Part IV of the Supplemental Indenture of May 1, 1941,

 

23

 

the obligation of the Company to make the Improvement Fund payment provided for in Section 1 of this Article IV in cash on such Improvement Fund payment date shall be credited with an amount equal to the principal amount of such Bonds of 2001 Series so delivered by the Company. In case such credit with respect to Bonds so delivered to the Trustee shall exceed the amount of the obligation of the Company with respect to the Improvement Fund payment on said Improvement Fund payment date, such excess shall be applied in reduction of the obligation of the Company to make Improvement Fund payments in cash on the next succeeding Improvement Fund payment date or dates. All Bonds of 2001 Series so delivered by the Company to the Trustee for credit against the Improvement Fund for Bonds of 2001 Series shall be accompanied by duly executed instruments of transfer.

 

SECTION 3. All cash paid to the Trustee for the Improvement Fund for Bonds of 2001 Series provided for in Section 1 of this Article IV shall be held in trust, but not as part of the trust estate, for the benefit of the holders of Bonds of 2001 Series and, if in excess of Fifty Thousand Dollars ($50,000), shall be applied to the redemption, on the earliest practical date (but not earlier than the next succeeding May 1) next succeeding the date of payment of such cash, at the special redemption price set forth in the form of Bonds of 2001 Series in Section 3 of Article I of this Supplemental Indenture applicable on the date fixed for such redemption, together with accrued interest to the redemption date, of a principal amount of Bonds of 2001 Series equal, as near as may be, to the amount of such cash. Such redemption shall be made in the manner and with the effect provided in Article III of this Supplemental Indenture and in Article V of the Original Indenture. The Company covenants and agrees that it will provide, from sources other than the Improvement Fund for Bonds of 2001 Series, the accrued interest and premium on the Bonds so called for redemption and that it will pay the same to the Trustee prior to the date fixed for the redemption of such Bonds. The Trustee shall draw by lot the Bonds of 2001 Series so to be redeemed in accordance

 

24

 

with Article V of the Original Indenture and shall notify the Company in writing of the numbers of the Bonds of 2001 Series so drawn, and the Trustee shall give or cause to be given on behalf of the Company the notice specified by Section 2 of Article III of this Supplemental Indenture, unless provision satisfactory to the Trustee for the giving of such notice shall have been made; provided, however, that, in addition to the matters required to be included in said notice by Article V of the Original Indenture, such notice shall also state that the Bonds therein designated for redemption are to be redeemed through operation of the Improvement Fund for Bonds of 2001 Series. Any cash remaining after any such redemption shall be held by the Trustee and applied hereunder to succeeding redemptions for the Improvement Fund for Bonds of 2001 Series.

 

Bonds of 2001 Series shall be redeemable, at any time and from time to time on and after May 1, 1972, for the Improvement Fund for Bonds of 2001 Series provided in Section 1 of this Article IV, and at any time and from time to time on and after April 1, 1971, pursuant to Section 8 of Article VIII of the Original Indenture, at the then applicable special redemption price set forth in the form of Bonds of 2001 Series in Section 3 of Article I of this Supplemental Indenture, together, in each case, with accrued interest to the redemption date.

 

All Bonds of 2001 Series delivered to the Trustee in lieu of cash or redeemed by operation of the Improvement Fund for Bonds of 2001 Series in accordance with the provisions of this Article IV, shall forthwith be cancelled by the Trustee and shall be delivered to the Company. Bonds of 2001 Series so cancelled shall not be reissued, and, so long as any Bonds of 2001 Series are outstanding, no additional Bonds shall be authenticated and delivered in substitution for Bonds of 2001 Series so cancelled or in substitution for Bonds of 1971 Series, Bonds of 1975 Series, Bonds of 1980 Series, Bonds of 1982 Series, Bonds of 1986 Series, Bonds of 1988 Series, Bonds of 1990 Series, Bonds of 1991 Series, Bonds of 1993 Series, Bonds of 1995 Series, Bonds of 1996 Series, Bonds of 1997 Series, Bonds

 

25

 

of 1998 Series, Bonds of May 1999 Series, Bonds of October 1999 Series, Bonds of 2000 Series, or Bonds of January 2001 Series (Bonds of such series being hereinafter sometimes called “Bonds of prior Series”) delivered to the Trustee in lieu of cash otherwise payable into the improvement funds for any of such series, or redeemed by operation of such funds, in accordance with the provisions with respect to the operation of such funds contained in the Supplemental Indentures of May 1, 1941, October 1, 1945, December 1, 1950, May 1, 1952, July 1, 1956, March 1, 1958, September 1, 1960, July 1, 1961, November 1, 1963, April 1, 1965, May 1, 1966, March 1, 1967, March 15, 1968, May 1, 1969, October 1, 1969, April 1, 1970, or January 1, 1971 (such Supplemental Indentures being hereinafter sometimes referred to as “Supplemental Indentures creating prior series of Bonds”), and no cash included in the trust estate shall be withdrawn, nor shall the amount of cash required to be paid into the trust estate under any provision of the Original Indenture, the Supplemental Indentures creating prior series of Bonds or this Supplemental Indenture be reduced, on the basis thereof.

 

SECTION 4. The Company hereby covenants and agrees that, so long as any of the Bonds of 2001 Series are outstanding, the Company will file with the Trustee on or before the fifteenth day of April in each of the calendar years 1972 to 2000, both inclusive, an engineer’s certificate with respect to the amount of net bondable value of property additions not subject to an unfunded prior lien (such amount being hereafter in this Article IV sometimes referred to as the amount of net bondable value of property additions, all references to property additions being to property additions not subject to an unfunded prior lien except where otherwise specified), of the nature required by Section 4(a) of Article III of the Original Indenture, either

 

(a)         stating, in lieu of the matters required to be stated in a certificate required by said Section 4(a), the matters required by paragraphs (1), (5), (7), (9), and (18) of said Section 4(a) and the balance of or deficiency in net bondable value of property additions remaining after taking the balance or deficiency stated pursuant to said paragraph (1) and

 

26

 

subtracting from said balance or adding to said deficiency, as the case may be, the amounts stated in said paragraphs (5), (7), and (9),

 

or, at the election of the Company,

 

(b)         stating all the matters required by said Section 4(a), other than paragraphs (3), (4), and (8) thereof, and accompanied by the applicable certificates, instruments, opinion, prior lien bonds and cash required by Subdivisions (c) to (h), both inclusive, of said Section 4.

 

Such certificate may, so long as any of the Bonds of prior Series are outstanding, be the engineer’s certificate required to be filed with the Trustee pursuant to the provisions with respect to the improvement funds for Bonds of prior Series contained in the Supplemental Indentures creating prior series of Bonds. If such certificate shall show a balance of net bondable value of property additions, the Company may at its election (in addition to or in lieu of exercising the elections provided for in the Supplemental Indentures creating prior series of Bonds in connection with the improvement funds for Bonds of prior Series) deduct from such balance an amount not exceeding one hundred sixty-six and two-thirds per cent. (1662/3%) of the sum otherwise required to be paid to the Trustee for the Improvement Fund for Bonds of 2001 Series for such year, if such balance shall equal at least said amount (after the deductions, if any, made pursuant to said elections in respect of the improvement funds for Bonds of prior Series), or any part or all of the entire balance if less than said amount, and may apply sixty per cent. (60%) of the amount so deducted as a credit against the Improvement Fund for Bonds of 2001 Series provided for in Section 1 of this Article IV. If the Company exercises the election granted to it pursuant to this Section 4 to apply any part or all of such balance of net bondable value of property additions shown by such engineer’s certificate for the purpose of the Improvement Fund for Bonds of 2001 Series, such engineer’s certificate shall also state, as separate and additional items, the amount deducted for such purpose, and the then remaining balance, if any, of net bondable value of property additions. 

 

27

 

Subject to the provisions of Sections 5 and 6 of this Article IV, Sections 5 and 6 of Part IV of the Supplemental Indenture of May 1, 1941 and Sections 5 and 6 of Article IV of the other Supplemental Indentures creating prior series of Bonds, such then remaining balance, if any, of net bondable value of property additions or the deficiency, if any, in net bondable value of property additions shown in such certificate shall be the balance or deficiency to be stated pursuant to paragraph (1) of Section 4(a) of Article III of the Original Indenture in the next succeeding engineer’s certificate with respect to the amount of net bondable value of property additions filed with the Trustee.

 

The Company hereby covenants that, so long as any of the Bonds of 2001 Series are outstanding, it will not apply for the authentication and delivery of additional Bonds pursuant to Section 4 of Article III of the Original Indenture or the withdrawal of cash included in the trust estate or the reduction of the amount of cash required to be paid into the trust estate under any provision of the Original Indenture, the Supplemental Indentures creating prior series of Bonds or this Supplemental Indenture upon the basis of the amount so deducted for the purpose of the Improvement Fund for Bonds of 2001 Series or upon the basis of the amounts deducted for the purposes of the improvement funds for Bonds of prior Series, in accordance with the provisions with respect thereto contained in the Supplemental Indentures creating prior series of Bonds. Each engineer’s certificate filed pursuant to this Section 4 and each engineer’s certificate with respect to the amount of net bondable value of property additions filed with the Trustee pursuant to any of the provisions of the Original Indenture, the Supplemental Indentures creating prior series of Bonds or this Supplemental Indenture shall state the amounts, if any, theretofore and since the date of the last previous such certificate deducted for the purpose of the Improvement Fund for Bonds of 2001 Series pursuant to this Section 4 or for the purposes of the improvement funds for Bonds of prior Series or for the purpose of the Maintenance Fund provided by Section 5 of this Article IV or restored to net bondable value of property additions pursuant to Section 6 of this Article IV, Section 6 of Part IV of the

 

28

 

Supplemental Indenture of May 1, 1941, or Section 6 of Article IV of any of the other Supplemental Indentures creating prior series of Bonds, and that no part of such amount so deducted and not so restored is included in the amount of net bondable value of property additions stated pursuant to paragraph (1) of Section 4(a) of Article III of the Original Indenture in the certificate then being filed, or has theretofore been made the basis for the issue of additional Bonds pursuant to Section 4 of Article III of the Original Indenture or the withdrawal of cash included in the trust estate or the reduction of the amount of cash required to be paid into the trust estate under any provision of the Original Indenture, the Supplemental Indentures creating prior series of Bonds, or this Supplemental Indenture.

 

SECTION 5.              The Company hereby covenants and agrees that, so long as any Bonds of 2001 Series are outstanding, the Company will, on or before the fifteenth day of April in each year, continue to deposit with the Trustee for the Maintenance Fund the amounts of cash required by Section 5 of Part IV of the Supplemental Indenture of May 1, 1941, subject to reduction as provided in said Section 5, and will comply with all the covenants and provisions with respect to such Maintenance Fund contained in said Section 5, which covenants and provisions are hereby continued in effect so long as any of the Bonds of 2001 Series are outstanding.

 

All cash received by the Trustee for the Maintenance Fund pursuant to this Section 5 shall be held and applied as part of the trust estate, and shall be paid over from time to time to the Company upon compliance with Section 1 or Section 3 of Article VIII of the Original Indenture or Section 6 of this Article IV or Section 6 of Part IV of the Supplemental Indenture of May 1, 1941 or Section 6 of Article IV of any of the other Supplemental Indentures creating prior series of Bonds, or, if not so paid over within one year from the date of such deposit, and not added to the improvement funds for Bonds of prior Series as provided in the respective Supplemental Indentures creating such series, shall, at the election of the Company, be added to the Improvement Fund for Bonds of 2001 Series provided for in Section 1 of this Article IV.

 

29

 

So long as the Company is required by the terms of the Supplemental Indentures of March 1, 1958 or September 1, 1960 or July 1, 1961 to comply with the covenants and provisions with respect to the Maintenance Fund contained in Section 5 of Article IV of the Supplemental Indenture of March 1, 1958, compliance therewith shall be deemed to be full compliance with all the covenants and conditions with respect to the Maintenance Fund contained in this Section 5 and in Section 5 of Part IV of the Supplemental Indenture of May 1, 1941; provided, however, that each Maintenance Fund certificate filed pursuant thereto and pursuant to this Section 5 shall be accompanied by an officers’ certificate certifying that the amount of cash, if any, then required to be deposited with the Trustee for the Maintenance Fund after the application of credits to which the Company is then entitled pursuant to the provisions of Section 5 of Article IV of the Supplemental Indenture of March 1, 1958, is not less than the amount of cash, if any, that would then have been required to be deposited with the Trustee for the Maintenance Fund pursuant to this Section 5 or Section 5 of Part IV of the Supplemental Indenture of May 1, 1941 after the application of credits to which the Company would then have been entitled pursuant to the provisions of said Section 5 of Part IV of the Supplemental Indenture of May 1, 1941.

 

SECTION 6.              The Company shall, so long as any of the Bonds of 2001 Series are outstanding, continue to have and may exercise all of the rights and privileges set forth in Section 6 of Part IV of the Supplemental Indenture of May 1, 1941, with respect to the return of cash deposited with the Trustee for the Maintenance Fund, and the restoration of the amount of net bondable value of property additions taken as a credit against the Maintenance Fund and the restoration of the availability of refundable Bonds taken as a credit against the Maintenance Fund, upon compliance with the provisions of Section 6 of said Part IV, which are hereby continued in effect so long as any of the Bonds of 2001 Series are outstanding and shall apply to the return of cash deposited, and the restoration of net bondable 

 

30

 

value of property additions or of availability of refundable Bonds taken as credits against the Maintenance Fund, whether such cash was deposited pursuant to Section 5 of said Part IV or pursuant to Section 5 of Article IV of the Supplemental Indenture of March 1, 1958, or whether such credits were taken pursuant to paragraphs (d) or (e) of Section 5 of said Part IV or pursuant to the comparable paragraphs (b) or (c) of Section 5 of said Article IV, but only to the extent of excess credits of the character specified in paragraphs (a) to (c), inclusive, of Section 5 of said Article IV; provided that, in lieu of the engineer’s certificate specified in Section 6 of said Part IV, there shall be filed with the Trustee an engineer’s certificate which may be either the annual Maintenance Fund certificate required to be filed pursuant to Section 5 of said Article IV or an interim engineer’s certificate of the nature of such annual Maintenance Fund certificate with respect to the period from the close of the period covered by the last annual Maintenance Fund certificate or interim engineer’s certificate so filed to a date specified therein not exceeding sixty days prior to the date of filing of such interim engineer’s certificate, showing in substance that there then exist excess credits of the character specified in paragraphs (a) to (c), inclusive, of Section 5 of said Article IV; and the Company may in the same manner restore the availability of refundable Bonds, taken as a credit against the Maintenance Fund, for delivery to the Trustee in lieu of cash pursuant to the provisions of Sections 1 and 2 of this Article IV.

 

ARTICLE V.

 

COVENANTS.

 

The Company hereby covenants, warrants and agrees:

 

SECTION 1.              That the Company is lawfully seized and possessed of all of the mortgaged property described in the granting clauses of this Supplemental Indenture; that it has good right and lawful authority to mortgage the same as provided in this Supplemental Indenture ; and that such mortgaged

 

31

 

property is, at the actual date of the initial issue of the Bonds of 2001 Series, free and clear of any deed of trust, mortgage, lien, charge or encumbrance thereon or affecting the title thereto prior to the Original Indenture, except as set forth in the granting clauses of the Original Indenture or this Supplemental Indenture.

 

SECTION 2.              (a) That, so long as any of the Bonds of 2001 Series are outstanding, whenever any officers’ certificate is required to be filed or deposited with the Trustee pursuant to Section 3(b) of Article III of the Original Indenture upon an application for the authentication of additional Bonds pursuant to Article III of the Original Indenture, such officers’ certificate shall include, in addition to the matters required to be stated therein by said Section 3(b), the statement with respect to the net earnings of the Company available for interest after property retirement appropriations required by Section 2 of Article V of the Supplemental Indenture of July 1, 1956.

 

(b)         So long as the Company is required by the terms of the Supplemental Indentures of March 1, 1958 or September 1, 1960 or July 1, 1961 to comply with the covenants and provisions contained in Section 2 of Article V of the Supplemental Indenture of March 1, 1958, compliance therewith shall be deemed to be full compliance with the covenants and conditions contained in this Section 2 and in Section 2 of Article V of the Supplemental Indenture of July 1, 1956; provided, however, that the “net earnings of the Company available for interest after property retirement appropriations” for the period in question, calculated in accordance with the definition thereof contained in Section 2(b) of Article V of the Supplemental Indenture of March 1, 1958, shall be reduced by the amount, if any, by which such net earnings exceed the “net earnings of the Company available for interest after property retirement appropriations’’ for such period calculated in accordance with the definition thereof contained in Section 2(b) of Article V of the Supplemental Indenture of July 1, 1956.

 

SECTION 3.              That, so long as any of the Bonds of 2001 Series are outstanding, the Company will not apply for the authentication 

 

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and delivery of additional Bonds pursuant to Section 4 of Article III of the Original Indenture or the withdrawal of cash from the trust estate or the reduction of the amount of cash required to be paid into the trust estate or to satisfy the maintenance and improvement funds under any provision of the Original Indenture or the Supplemental Indentures creating prior series of Bonds or this Supplemental Indenture, on the basis of the amount of $15,000,000 excluded from net bondable value of property additions not subject to an unfunded prior lien pursuant to Section 3 of Article V of the Supplemental Indenture of October 1, 1945, or on the basis of the amount of $7,500,000 excluded from net bondable value of property additions not subject to an unfunded prior lien pursuant to Section 3 of Article V of the Supplemental Indenture of July 1, 1956.

 

SECTION 4.              That, so long as any of the Bonds of 2001 Series are outstanding, the Company will not issue or permit to be issued any prior lien bonds secured by any unfunded prior lien in addition to the prior lien bonds secured by such unfunded prior lien at the time of first acquisition by the Company of property subject thereto (other than in lieu of lost, stolen or mutilated bonds or on the exchange for bonds already outstanding of an equal principal amount of other bonds of the same issue and the same series, if any, and of the same maturity), except upon compliance with the provisions of Section 16 of Article IV of the Original Indenture, nor unless the net earnings of the Company available for interest after property retirement appropriations (determined as provided in Section 2 of Article V of the Supplemental Indenture of July 1, 1956), for any twelve consecutive calendar months during the period of fifteen calendar months immediately preceding the first day of the month in which the additional prior lien bonds are to be issued, have been, in the aggregate, equal to not less than twice the annual interest charges on the indebtedness specified in subparagraphs (i) and (ii) of paragraph (1) of Section 2(a) of said Article V; provided that, if the application for the issue of such additional prior lien bonds is upon the basis of payment at maturity of prior lien bonds theretofore sold or otherwise disposed of or the redemption or purchase thereof after a date two years prior

 

33

 

to the date of maturity, the additional requirement imposed by this Section 4 with respect to net earnings of the Company available for interest after property retirement appropriations shall not apply. Any officers’ certificate with respect to net earnings of the Company, required to be filed with the Trustee as a condition precedent to the issue of such additional prior lien bonds, shall include, in addition to the matters otherwise required to be stated therein, the matters required to be stated in an officers’ certificate pursuant to paragraphs (1) and (2) of Section 2(a) of said Article V.

 

SECTION 5.              That, so long as any of the Bonds of 2001 Series are outstanding, the Company will not acquire, by purchase, merger or otherwise, any property subject to a lien or liens which will on acquisition be an unfunded prior lien or prior liens, except upon compliance with the provisions of Section 14 of Article IV of the Original Indenture, nor unless the net earnings of such property available for interest after property retirement appropriations (determined in the manner provided in Section 2 of Article V of the Supplemental Indenture of July 1, 1956), for any twelve consecutive calendar months during the period of fifteen calendar months immediately preceding the first day of the month in which the first acquisition of property subject to such lien or liens occurs, have been, in the aggregate, equal to not less than twice the amount of annual interest charges on all outstanding indebtedness secured by such lien or liens. Any officers’ certificate with respect to net earnings of such property, required to be filed with the Trustee as a condition precedent to the acquisition of such property, shall include, in addition to the matters otherwise required to be stated therein, the matters required to be stated in an officers’ certificate pursuant to Section 2 of said Article V applicable, however, only to the net earnings of such property and to the indebtedness secured by such liens to which such property is subject.

 

SECTION 6.              (a) That, so long as any Bonds of 2001 Series are outstanding, the Company will not declare any dividend on its Common Stock (other than dividends payable in its Common Stock) or make any distributions on, or purchase or acquire

 

34

 

for value any of, its Common Stock (otherwise than in exchange for or out of the proceeds from the sale of other shares of its Common Stock), if the amount thereof, together with the aggregate amount of such dividends, distributions, purchases and acquisitions declared or effected subsequent to June 30, 1961 would exceed Twenty-two Million Seven Hundred Thousand Dollars ($22,700,000) plus the aggregate net income of the Company applicable to the Common Stock of the Company subsequent to June 30, 1961 and prior to the date on which such dividend, distribution, purchase or acquisition is to be made, computed in the manner provided in Subdivision (b) of this Section 6, except that in such computation any and all charges and/or credits to earned surplus subsequent to June 30, 1961 representing adjustments on account of excessive or deficient accruals charged to income subsequent to June 30, 1961 for taxes shall be considered as charges and /or credits to income.

 

(b)         The term “net income of the Company applicable to the Common Stock of the Company” shall mean for any particular period the net income of the Company for such period as shown by the books of the Company, after deducting therefrom an amount equal to dividends accrued during such period on any class of capital stock of the Company having preference as to payment of dividends over the Common Stock of the Company; provided, however, that, in computing such net income of the Company for any particular period, operating expenses, among other things, shall include the greater of (i) the provisions for depreciation for such period as recorded on the books of the Company, excluding, however, any provision for amortization of plant acquisition adjustment accounts or plant adjustment accounts or other provisions for amortization not charged as an operating expense on the books of the Company, or (ii) the amount by which fifteen per cent. (15%) of the gross operating revenues of the Company for such period (calculated in the manner provided in Subdivision (c) of Section 2 of Article V of the Supplemental Indenture of July 1, 1956) exceeds the total amounts expended by the Company during such period for maintenance and repairs as shown by the books of the Company.

 

35

 

ARTICLE VI.

 

THE TRUSTEE.

 

The Trustee hereby accepts the trusts hereby declared and provided, and agrees to perform the same upon the terms and conditions in the Original Indenture and in this Supplemental Indenture set forth, and upon the following terms and conditions:

 

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or 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.

 

ARTICLE VII.

 

AMENDMENT.

 

Pursuant to Section 1(e) of Article XIV of the Mortgage and Deed of Trust dated June 15, 1937, as amended May 1, 1941, Section 12 of Article II thereof is hereby modified and amended by adding at the end of the first sentence thereof, in place of the period, the following:

 

“, except that all Bonds of series authorized on and after May 1, 1971 may be executed, and the Company’s corporate seal or facsimile affixed thereto attested, by the facsimile signatures of such officers.”

 

ARTICLE VIII.

 

MISCELLANEOUS PROVISIONS.

 

All terms contained in this Supplemental Indenture shall, for all purposes thereof, have the meanings given to such terms in Article I of the Original Indenture.

 

This Supplemental Indenture may be simultaneously executed in any number of counterparts, each of which when so

 

36

 

executed shall be deemed to be an original; but such counterparts shall together constitute but one and the same instrument.

 

IN WITNESS WHEREOF, said Union Electric Company has caused this Indenture to be executed on its behalf by its President or one of its Vice Presidents and its corporate seal to be hereto affixed and said seal and this Indenture to be attested by its Secretary or one of its Assistant Secretaries; and said St. Louis Union Trust Company, in evidence of its acceptance of the trust hereby created, has caused this Indenture to be executed on its behalf by its President or one of its Vice Presidents, and its corporate seal to be hereto affixed and said seal and this Indenture to be attested by its Secretary or one of its

 

37

 

Assistant Secretaries; all as of the first day of April, One thousand nine hundred and seventy-one.

 

	
 
    	
UNION ELECTRIC COMPANY,
    
	
(CORPORATE SEAL)
    	
One Memorial Drive,
    
	
 
    	
St. Louis, Missouri.
    
	
 
    	
 
    
	
 
    	
By H. R. SCOTT
    
	
 
    	
 
    
	
 
    	
Vice President.
    

 

Attested:

 

WM. R. SCHMIED

 

Assistant Secretary.

 

Signed, sealed and delivered by

UNION ELECTRIC COMPANY

in the presence of:

 

DENNIS T. MCGILLICUDDY

 

JAMES C. THOMPSON

 

As Witnesses.

 

	
 
    	
ST. LOUIS UNION TRUST COMPANY,
    
	
(CORPORATE SEAL)
    	
510 Locust Street,
    
	
 
    	
St. Louis, Missouri.
    
	
 
    	
 
    
	
 
    	
By H. W. HARDIN
    
	
 
    	
 
    
	
 
    	
Vice President.
    

 

Attested:

 

B. W. GROSSKETTLER

 

Assistant Secretary.

 

Signed, sealed and delivered by

ST. LOUIS UNION TRUST COMPANY

in the presence of:

 

V. G. WISEMAN

 

HELEN SCHUTZENHOFER

 

AS Witnesses.

 

38

 

	
STATE OF MISSOURI, 

CITY OF ST. LOUIS,
    	

    	
SS.:
    

 

On this 19th day of April, 1971, before me appeared H. R. SCOTT, to me personally known, who, being by me duly sworn, did say that he is a Vice President of UNION ELECTRIC COMPANY, a corporation, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and said H. R. SCOTT acknowledged said instrument to be the free act and deed of said corporation.

 

IN TESTIMONY WHEREOF, I have hereto set my hand and affixed my official seal at my office, in the City and State aforesaid, the day and year last above written.

 

	
 
    	
J. R. SUDDARTH
    
	
(NOTARIAL SEAL)
    	
 
    
	
 
    	
Notary Public
    
	
 
    	
MY COMMISSION EXPIRES   MAY 26, 1974
    

 

	
STATE OF MISSOURI, 

CITY OF ST. LOUIS,
    	

    	
SS.:
    

 

On this 19th day of April, 1971, before me appeared H. W. HARDIN, to me personally known, who, being by me duly sworn, did say that he is a Vice President of ST. LOUIS UNION TRUST COMPANY, a corporation, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation as the trustee thereunder by authority of its Board of Directors, and said H. W. HARDIN acknowledged said instrument to be the free act and deed of said corporation as the trustee under said instrument.

 

IN TESTIMONY WHEREOF, I have hereto set my hand and affixed my official seal at my office, in the City and State aforesaid, the day and year last above written.

 

	
 
    	
LOUIS J. THYM
    
	
(NOTARIAL SEAL)
    	
 
    
	
 
    	
Notary Public
    
	
 
    	
MY COMMISSION EXPIRES   AUG. 1, 1974
    

 

39

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