Document:

Forty-Fifth Supplemental Indenture, dated April 1, 1960

 Exhibit 4.8 
  

 
 PUGET SOUND POWER & LIGHT COMPANY

 TO 
 OLD COLONY TRUST COMPANY,

 OF BOSTON, 
                                         
                TRUSTEE. 
  
  
 Forty-Fifth Supplemental
Indenture 
 Dated as of April 1, 1960 
  
  
 Relating to an Issue of First Mortgage Bonds, 53/8% Series 
 Due April 1, 1990 
  
  
 Supplemental to Indenture
dated as of June 2, 1924, 
 as supplemented and modified 
  
  
 (NOT PART OF INDENTURE) 

 THIS FORTY-FIFTH SUPPLEMENTAL INDENTURE, made as of the first day of April, 1960, by and between
PUGET SOUND POWER & LIGHT COMPANY, a corporation duly organized and existing under and by virtue of the laws of the Commonwealth of Massachusetts (hereinafter
sometimes called the “Company”), party of the first part, and OLD COLONY TRUST COMPANY, a corporation duly organized and existing under and by virtue of the laws of the
Commonwealth of Massachusetts and having its principal office in the City of Boston, in said Commonwealth (hereinafter sometimes called the “Trustee”), as Trustee under the First Mortgage (originally, and before modification thereof by
certain supplemental indentures, called “First and Refunding Mortgage”) from PUGET SOUND POWER & LIGHT COMPANY dated as of June 2, 1924 (said Mortgage
being hereinafter sometimes called the “Original Mortgage”), as supplemented and modified by all indentures supplemental thereto heretofore executed and delivered, party of the second part; 
 WITNESSETH: That 
 WHEREAS, the Company did by the Original Mortgage, filed for record in the offices of the Auditors of the Counties of Chelan, Clallam, Cowlitz, Douglas, Grant, Grays Harbor, Island, Jefferson, King, Kitsap, Kittitas, Lewis,
Mason, Pacific, Pierce, Skagit, Snohomish, Thurston and Whatcom, all in the State of Washington, and left on file as a chattel mortgage in each of said counties, convey and pledge certain property therein described to Old Colony Trust Company, as
Trustee, to be held upon the trusts expressed in the Original Mortgage to equally secure an unlimited authorized amount of mortgage bonds (therein and herein called the “Bonds”) issued or to be issued in one or more series, all as more
fully provided in the Original Mortgage; and 
 WHEREAS, the Company, prior to September 1, 1954, had executed and
delivered to the Trustee thirty-nine supplemental indentures, supplementing and in certain respects modifying the Original Mortgage and providing for the execution, certification and delivery of Bonds of various series from time to time pursuant
thereto (which Original Mortgage, as so supplemented and modified, is therein and herein sometimes called the “First Mortgage”); and 
 Whereas, the Company executed and delivered to the Trustee a Fortieth Supplemental Indenture, dated as of September 1, 1954, which Supplemental 

 
Indenture is divided into two parts, designated as Part I and Part II, and Part I thereof provided for the establishment and the execution, certification and
delivery initially of Twenty-five Million Dollars ($25,000,000) principal amount of a series of Bonds, designated as First Mortgage Bonds, 3 1/2 % Series due 1984, (herein sometimes called “Bonds of the 1984 Series”) and contained certain covenants, restrictions, conditions and provisions affecting, and provided for certain modifications of,
the First Mortgage (the First Mortgage, as so supplemented and modified by said Part I, being sometimes in said Fortieth Supplemental Indenture and herein called the “Revised First Mortgage”) and Part II thereof provided for modifications
of the Revised First Mortgage as therein set forth, which modifications became effective on October 20, 1955 (the Revised First Mortgage as so modified by Part II of the Fortieth Supplemental Indenture as heretofore, hereby, and hereafter
supplemented and modified being sometimes in said Part II and herein called the “Indenture” and references herein to Sections, Articles or other provisions of the Indenture being to the revised or modified provisions thereof as set forth
in Part II of the Fortieth Supplemental Indenture) ; and 
 WHEREAS, the Company has heretofore executed and delivered
to the Trustee a Forty-first Supplemental Indenture dated as of December 1, 1954, a Forty-second Supplemental Indenture dated as of July 1, 1957, a Forty-third Supplemental Indenture, dated as of May 1, 1958, and a Forty-fourth
Supplemental Indenture dated as of November 1, 1959, all of which mortgaged, pledged, assigned, conveyed and transferred to the Trustee and subjected to the lien of the Indenture additional property acquired or constructed, and betterments,
improvements and additions made to the mortgaged property since the execution and delivery of the Fortieth Supplemental Indenture; and 
 WHEREAS, there have been duly executed, authenticated and delivered, pursuant to
the provisions of the Indenture as supplemented by the Forty-third Supplemental Indenture, Bonds designated as First Mortgage Bonds, 4 1/8 % Series due 1988 (hereinafter sometimes called “Bonds of the 1988 Series”) in the principal amount of Thirty Million Dollars ($30,000,000) ; and 
 WHEREAS, there have been duly executed, authenticated and delivered, pursuant to the provisions of the Indenture as supplemented by the

  

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Forty-fourth Supplemental Indenture, Bonds designated as First Mortgage Bonds, 5 1/2 % Series due 1989 (hereinafter sometimes called “Bonds of the 1989 Series”) in the principal amount of Twenty Million Dollars ($20,000,000); and 
 WHEREAS, all Bonds of any series heretofore executed, authenticated and delivered pursuant to the Original Mortgage, as from time to time
supplemented and modified, have been retired and cancelled or payment duly and irrevocably provided for, except the Twenty-five Million Dollars ($25,000,000) principal amount of Bonds of the 1984 Series, the Thirty Million Dollars ($30,000,000)
principal amount of Bonds of the 1988 Series and the Twenty Million Dollars ($20,000,000) principal amount of Bonds of the 1989 Series, which Bonds are now outstanding and constitute the only Bonds of the Company outstanding under the Indenture; and

 WHEREAS, the Board of Directors of the Company has established a new
series of Bonds to be designated First Mortgage Bonds, 5 3/8 % Series due 1990 (hereinafter sometimes called “Bonds of
the 1990 Series”), and has authorized an initial issue of Twenty Million Dollars ($20,000,000) principal amount thereof, and the Company has complied or will comply with all provisions required to issue additional Bonds provided for in the
Indenture; and 
 WHEREAS, the Company desires to execute and deliver this Forty-fifth Supplemental Indenture, in
accordance with the provisions of the Indenture, for the purposes of (a) further assuring, conveying, mortgaging and assigning unto the Trustee certain additional property acquired by the Company, (b) providing for the creation of a new
series of Bonds, designating the series to be created and specifying the form and provisions of the Bonds of such series, and (c) adding to the Indenture other covenants and agreements to be hereafter observed by the Company; and 
 WHEREAS, all things necessary have been done to authorize the execution, delivery and recording of these presents validly to secure the
payment of the principal of, and the premium, if any, and interest on, the initial issue of Twenty Million Dollars ($20,000,000) principal amount of Bonds of the 1990 Series, and to make such Bonds, when executed by the Company, authenticated and
delivered by the Trustee and duly issued, the valid and binding legal obligations of the Company, and to constitute the Indenture, 

  

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a valid and binding mortgage for the security of all of the Bonds in accordance with its and their terms; 
 NOW, THEREFORE, this Forty-fifth Supplemental Indenture 
 WITNESSETH, that, pursuant to and in execution of the powers, authorities and obligations conferred, imposed and reserved in the
Indenture, and pursuant to and in execution of every other power, authority and obligation thereto appertaining and/or enabling, in order to secure the payment of the principal of, and the premium, if any, and interest on, the Bonds issued and to be
issued under the Indenture, and secured thereby and hereby at any time outstanding according to their tenor and effect, and the performance of all the covenants and conditions therein and herein and in said Bonds contained, and for the purpose of
confirming the lien of the Indenture, said Puget Sound Power & Light Company, in consideration of the premises and of One Dollar ($1.00) and other good and valuable consideration to it duly paid by the Trustee, at or before the execution
and delivery of these presents, the receipt whereof is hereby acknowledged, has granted, bargained, sold, conveyed, transferred, assigned, remised, released, mortgaged, set over and confirmed and by these presents does grant, bargain, sell, convey,
transfer, assign, remise, release, mortgage, set over and confirm unto Old Colony Trust Company, as Trustee, and to its successor or successors in the trust created by the Indenture, and to said Trustee and its assigns forever, for the uses and
purposes created by the Indenture, all property, real, personal or mixed, including all rights, privileges, easements, licenses and franchises, described in the Indenture and thereby conveyed and mortgaged or intended so to be, including also all
such property acquired by the Company since the execution and delivery of the Original Mortgage, which by the terms of the Indenture, is subjected or intended to be subjected to the lien thereof, and including also all such property as the Company
may hereafter acquire which by the terms of the Indenture is subjected or intended to be subjected to the lien thereof, excepting from the foregoing, however, all property included within the foregoing general description, whether now owned or
hereafter acquired, which by the provisions of the Indenture, is excepted or to be excepted from the conveyance and lien of the Indenture, or which has heretofore been released from the lien of the Indenture or otherwise disposed of by the Company
free from the lien of the Indenture in accordance with the provisions thereof: 
  

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 INCLUDING NEVERTHELESS in the property hereby conveyed and confirmed to the
Trustee (without limiting the generality of the foregoing general description of such property and without prejudice to the conveyance and confirmance of all such property by such general description) the following: 
 All property, real, personal or mixed, together with all buildings or improvements thereon and the appurtenances thereto, located in the State of
Washington and described below or conveyed to the Company by the deeds listed on the list of properties and deeds below, to which deeds and the records thereof in the County Auditor’s office of the respective counties in the State of Washington
below stated (in all cases where said deeds and/or records are below specified) reference is hereby made for a more particular description of the property hereby conveyed and confirmed to the Trustee and its respective successor or successors and
assigns as aforesaid, to wit: 
  

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 LIST OF REAL ESTATE ACQUIRED BY PUGET SOUND POWER & LIGHT COMPANY 
 NOT SPECIFICALLY DESCRIBED IN ANY PRIOR SUPPLEMENTAL MORTGAGE 
  

															
	 Sec.
	  	Twp.	 	 	Range	 	 	 Description
	  	 Deed From
	  	Deed
Records
	 (or plat name)
	 	 	 	  	 	  	Vol.	  	Page
		  			 			 	ISLAND COUNTY	  		  		  	
							
	3	  	32	*	 	1E	*	 	A tract in the SW 1/4 of SW 1/4 of Section 3, Township 32 N, Range 1 E of the W.M., described as follows: Beginning at the Section corner common to Sections 3, 4, 9 and 10, Township 32 N, Range 1E,
W.M.; thence N 1° E 380.95 feet and S 89°E 20 feet to true point of beginning; thence S 89° E 100 feet; thence N 1°E 99.83 feet; thence N 88°54’ W 60.01 feet to the beginning of a curve to the left with a central angle of
90° 06’ and a radius of 40.07 feet; thence on said curve 62.90 feet; thence S 1°W 60 feet to the point of beginning.	  	Harry Riepma and Minnie Riepma, his wife Nov. 10, 1959	  	103	  	538
							
		  			 			 	KITSAP COUNTY	  		  		  	
							
	28	  	24	 	 	1E	 	 	The N 500 feet, as measured along the W line thereof, of the SW 1/4 of the
SW 1/4 of Section 28, Township 24 N, Range 1 E, W.M., EXCEPT the E 501 feet thereof, and EXCEPT
that portion previously conveyed to the Puget Sound Power & Light Company by statutory warranty deed, dated March 25, 1952 and recorded in Volume 543 of Deeds, Page 122, Records of Kitsap County, Washington, same being under Auditor’s File
No. 551750, the S line of the property herewith conveyed being on a bearing of S 88°53’48” E	  	Rosanna S. Sample formerly Rosanna S. Oliver, whose husband is H. G. Sample also known as Harold G. Sample Nov. 10, 1959	  	701	  	633
							
	1	  	26	 	 	1E	 	 	That portion of the S 1/4 of the NE 1/4 of the SE 1/4, Section 1, Township 26 N, Range 1 E., W.M., in Kitsap County, Washington, lying southeasterly of Bond Road and westerly of County Road No. 88, more particularly described as follows: Beginning at the SE corner of Section 1, Township 26 N,
Range 1 E, W.M.; thence N 0°32’57” E along the E line of said Section 1, a distance of 1,319.58 feet to the S sixteenth corner on said E line; thence N 89°01’38” W along the S line of the NE 1/4 of the SE 1/4 of said Section 1, a distance of 51.36 feet to the westerly right of way line of County Road No. 88 and the true point of beginning; thence continuing N 89°01’38” W 153.57 feet to the southeasterly right of way line of the
Bond Road; thence along the southeasterly right of way line of the Bond Road, N 50°02’22” E 78.85 feet to the beginning of a curve to the left with a radius of 331.56 feet; thence along said curve a distance of 107.06 feet to the point
of intersection with the westerly right of way line of County Road No. 88; thence S 9°56’23” E along the westerly right of way line of County Road No. 88 a distance of 136.00 feet to the true point of beginning.
	  	Howard K. Asher and Betty A. Asher, his wife Oct. 15, 1959	  	699	  	545

  

	*	All numbers in the columns of the following tabulation under designation “Twp” indicate townships north of the Willamette Base Line, and the Letters “E” and
“W” in the column under the designation “Range” indicate ranges east or west, as the case may be, of the Willamette Meridian. 

  

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	 Sec.
	  	Twp.	  	Range	  	 Description
	  	 Deed From
	  	Deed
Records
	 (or plat name)
	  	 	  	 	  	Vol.	  	Page
	H. A. Stetson’s 5 Acre Tracts	  	The E 200 feet of Lot 28, in the Plat of H. A. Stetson’s 5 Acre Tracts as per plat recorded in Volume 3 of Plats, page 26, records of Kitsap County, Washington. EXCEPT the S
10 feet conveyed to Kitsap County for road	  	Irlow Berg and Ellen S. Berg, husband and wife July 17, 1959	  	694	  	642
							
		  		  		  	PIERCE COUNTY	  		  		  	
							
	1	  	17	  	4E	  	That part of the W one-half of the W one-half of the SE 1/4 of Section 1,
Township 17 N, Range 4 E,W.M., described as follows: Beginning at the intersection of the southerly line of the Kapowsin Highway (Butler County Road) with the westerly line of the Benbow Road, thence westerly along the southerly line of said
Kapowsin Highway, 100 feet; thence southerly parallel with westerly line of Benbow Road a distance of 100 feet; thence easterly parallel with the southerly line of said Kapowsin Highway, 100 feet to the westerly line of Benbow Road; thence northerly
along said westerly line to point of beginning, subject to the exceptions and reservations contained in deeds from St. Paul and Tacoma Lumber Company recorded under Auditor’s Fee Numbers, 811154 and 1631868 and further subject to the easement
for electric transmission and distribution line as granted in deed recorded under Auditor’s Fee No. 1072330, October 20, 1952	  	Jack M. Widener and Barbara Widener, now, at the time of acquiring title to the below described property, and at all intervening times, husband and wife July 23, 1959	  	1199	  	810
							
	8	  	19	  	2E	  	S 120 feet of E 180 feet of N 341.54 feet of NE 1/4 of NE 1/4, Section 8, Township 19 N, Range 2 E of the W.M. EXCEPT from said E 180 feet the E 30 feet for Holden Road
	  	Helen Schaff as her separate property being a single woman on May 15, 1959 and at all times since July 22, 1959	  	1199	  	349
							
		  		  		  	SKAGIT COUNTY	  		  		  	
							
	14	  	34	  	4E	  	That part of the N 1/2 of the S 1/2 of the NE 1/4 of the SW 1/4 of Section 14, Township 34 N, Range 4 E, W.M. Skagit County, Washington, described as follows: Commencing
at the intersection of the southerly line of the said N 1/2 of the S 1/2 of the NE 1/4 of the SW 1/4 of said Section with the easterly boundary of State Highway No. 1 A (sometimes known as the Clear Lake Road); thence easterly
along said southerly line of said tract 100 feet; thence N 0°0’15” E 100 feet; thence N 88°45’ W 131.15 feet to the easterly boundary of said Highway; thence southeasterly along said easterly boundary of said Highway 105.35
feet, more or less, to the point of beginning. Subject only to reservation of minerals and mineral rights contained in deed from Wm. Lindsay et ux, dated August 8, 1905, filed August 22, 1905, as File No. 53220 and recorded in Volume 59 of Deeds at
Page 183.	  	Chauncey D. Green July 13, 1959	  	303	  	469

  

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 TO HAVE AND TO HOLD all and
singular the said rights, privileges, easements, licenses and franchises and also all other property and interest of any kind and of every nature that, by virtue of any provision hereof or of the Indenture or otherwise, has or shall hereafter become
subject to the Indenture, to the Trustee, its successor or successors and assigns, forever; 
 BUT IN
TRUST NEVERTHELESS, for the equal and proportionate benefit and security (except as otherwise expressly provided) of all present and future holders of the Bonds and interest obligations issued and to be issued under and
secured by the Indenture, and to secure the payment of such Bonds and the interest thereon, in accordance with the provisions of said Bonds and of the Indenture, without priority or distinction as to lien or otherwise of any Bonds over any other
Bonds so that, except as otherwise expressly provided, the principal of, and the premium, if any, and interest on, every such Bond shall be equally and proportionately secured by the Indenture, as if all said Bonds had been issued, sold and
delivered for value simultaneously with the execution of the Original Mortgage, and to secure the performance of and compliance with the covenants and conditions of the Indenture, pursuant to and under and subject to the provisions and conditions
and for the uses hereinafter and in the Indenture set forth; it being hereby agreed as follows, to wit: 
 ARTICLE ONE. 
 Bonds of the 1990 Series and Certain Provisions 
 Relating Thereto. 
 SECTION 1.01. A. Terms of
Bonds of the 1990 Series. There shall be hereby established a series of Bonds, known as and entitled “First Mortgage Bonds, 53/8% Series due 1990” (herein referred to as the “Bonds of the 1990 Series”). The aggregate principal amount of the Bonds of the 1990 Series shall
not be limited, except as provided in Section 3.01 and in Article Five of the Indenture, and hereafter as may be provided in any indenture supplemental thereto. 
 The definitive Bonds of the 1990 Series shall be coupon Bonds of the denomination of $1,000, registerable as to principal, and registered Bonds without coupons of the denominations of $1,000 or any multiple thereof.

 The coupon Bonds of the 1990 Series shall be dated as of April 1, 1960, which date shall be the date of the commencement of the first
interest 

  

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period for all Bonds of the 1990 Series, and the registered Bonds of the 1990 Series without coupons shall be dated as provided in Section 3.05 of the
Indenture. All Bonds of the 1990 Series shall mature April 1, 1990, and shall bear interest at the rate of 53/8% per annum until the payment of the principal thereof, such interest to be payable semi-annually on April 1 and October 1 in each year. The
principal of, and the premium, if any, and interest on, the Bonds of the 1990 Series shall be paid in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, at
the principal corporate trust office of the Trustee in the City of Boston, Massachusetts, or of its successor in trust, or, at the option of the holders of the Bonds of the 1990 Series, at the office or agency of the Company in the Borough of
Manhattan, City and State of New York, or in the City of Seattle, State of Washington. 
 The definitive Bonds of the 1990 Series may be
issued in the form of Bonds engraved, printed or lithographed on steel engraved borders. 
 As permitted by the provisions of
Section 3.10 of the Indenture and upon payment at the option of the Company of the charges provided in Section 3.11 of the Indenture, registered Bonds of the 1990 Series without coupons may be exchanged for a new registered Bond or Bonds
of different authorized denominations of like aggregate principal amount or for a like aggregate principal amount of coupon Bonds of said series, with coupons attached representing interest from the last interest payment date to which interest has
been paid on the registered Bonds surrendered in exchange, or both, and coupon Bonds of the 1990 Series may be exchanged for a like aggregate principal amount of registered Bonds of the said series without coupons of the same or a different
authorized denomination or denominations. 
 The Trustee hereunder shall, by virtue of its office as such Trustee, be a paying agent of the
Company for the purpose of the payment of the principal of, and the premium, if any, and interest on, the Bonds of the 1990 Series and the registrar and transfer agent of the Company for the purpose of registering and transferring Bonds of the 1990
Series. 
 B. Forms of Bonds of the 1990 Series. The coupon Bonds of the 1990 Series, the interest coupons to be attached thereto, the
registered Bonds of said series, and the Trustee’s authentication certificate to be executed on all of the Bonds of said series, shall be in substantially the following forms, respectively: 
  

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 [FORM OF COUPON BOND OF
THE 1990 SERIES] 
  

				
	 No. M
	  	$	1,000

 PUGET SOUND POWER & LIGHT COMPANY 
 Incorporated under the Laws of the Commonwealth of Massachusetts 
 FIRST MORTGAGE BOND, 53/8% SERIES DUE 1990 
 DUE
APRIL 1, 1990 
 PUGET SOUND
POWER & LIGHT COMPANY, a corporation organized and existing under the laws of Massachusetts (hereinafter called the “Company” which term shall include any successor corporation as
defined in the 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 ($1,000) on April 1, 1990, or earlier
as hereinafter provided, with interest thereon from April 1, 1960, at the rate of 5 3/8% per annum, payable
semi-annually on the first days of April and October in each year until payment of the principal hereof but, as to interest due at or prior to maturity, only upon surrender of the appropriate coupons attached hereto as they severally become due.

 Both principal and interest of this bond (and premium, if any) are to be paid in any coin or currency of the United States of
America which at the time of payment is legal tender for the payment of public and private debts, at the principal corporate trust office of Old Colony Trust Company, Boston, Massachusetts, or of its successor in trust, or, at the option of the
holder hereof, at the office or agency of the Company in the Borough of Manhattan, City and State of New York, or in the City of Seattle, State of Washington. 
 This bond is one of the bonds, of the above designated series, of an unlimited authorized amount of coupon bonds or registered bonds without coupons, or both, known as First Mortgage Bonds, all issued or to be issued
in one or more series under and secured by a First Mortgage dated as of June 2, 1924, executed and delivered by the Company to Old Colony Trust Company as Trustee, as supplemented and/or modified by indentures supplemental thereto, including
particularly the Fortieth Supplemental Indenture, dated as of September 1, 1954, in Part II of which are set forth the revised provisions of said First Mortgage as theretofore and then supplemented and modified, and the Forty-fifth Supplemental
Indenture dated as of April 1, 1960, relating, among other things, to the bonds of the above designated series, and by all other instruments supplemental 

  

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thereto (herein sometimes called the “Indenture”) reference to each and all of which is hereby made for a description of the property mortgaged and
pledged as security for said bonds, the rights and remedies of the holder of this bond in regard thereto, and the terms and conditions upon which bonds may be issued. 
 This bond is to be treated as negotiable, subject to the requirements for registration as to principal hereinbelow provided, and all persons are invited by the Company and the holder hereof for the time being to act
accordingly. The principal and interest hereby secured will be paid without regard to any equities between the Company and the original or any intermediate holder hereof. 
 The bonds of this series are subject to redemption prior to maturity as a whole at any time or in part from time to time (a) at the option of the Company, upon payment of the applicable percentage of the called
principal amount thereof during the respective periods set forth in the tabulation below under the heading “Regular Redemption Price”, and (b) for the sinking and improvement fund for the bonds of this series, for the depreciation
fund provided for in the Indenture, and by the application of proceeds of certain property subject to the lien thereof as provided in the Indenture, upon payment of the applicable percentage of the called principal amount thereof during the
respective periods set forth in the tabulation below under the heading “Special Redemption Price”: 
  

											
	 Twelve Months’ Period Beginning April 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %	  	 Twelve Months’ Period Beginning April 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %
	 1960
	  	106.50	  	101.15	  	1975	  	103.15	  	100.80
	 1961
	  	106.30	  	101.15	  	1976	  	102.95	  	100.75
	 1962
	  	106.05	  	101.10	  	1977	  	102.70	  	100.70
	 1963
	  	105.85	  	101.10	  	1978	  	102.50	  	100.70
	 1964
	  	105.60	  	101.10	  	1979	  	102.25	  	100.65
	 1965
	  	105.40	  	101.05	  	1980	  	102.05	  	100.60
	 1966
	  	105.20	  	101.05	  	1981	  	101.80	  	100.55
	 1967
	  	104.95	  	101.00	  	1982	  	101.60	  	100.50
	 1968
	  	104.75	  	101.00	  	1983	  	101.35	  	100.45
	 1969
	  	104.50	  	100.95	  	1984	  	101.15	  	100.40
	 1970
	  	104.30	  	100.95	  	1985	  	100.90	  	100.35
	 1971
	  	104.05	  	100.90	  	1986	  	100.70	  	100.30
	 1972
	  	103.85	  	100.90	  	1987	  	100.45	  	100.25
	 1973
	  	103.60	  	100.85	  	1988	  	100.25	  	100.15
	 1974
	  	103.40	  	100.85	  	1989	  	100.00	  	100.00

  

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 together in any case with interest accrued thereon to the date fixed for redemption, upon prior notice (unless notice is
waived by the holders of all the bonds of this series) given by publication at least once each week for three successive calendar weeks, the first publication to be not less than thirty days nor more than ninety days prior to the date fixed for
redemption, in a newspaper, printed in the English language, customarily published at least five days a week, excluding legal holidays, and of general circulation in the City of Boston, Massachusetts, and in similar newspapers published and of
general circulation in the Borough of Manhattan, City and State of New York and in the City of Seattle, State of Washington, respectively; provided that if all of the bonds of this series at the time outstanding shall be registered bonds without
coupons and/or coupon bonds registered as to principal, such notice may be given by registered mail in lieu of such publication; all as more fully provided in the Indenture. 
 If this bond is duly designated for redemption, if payment of the principal hereof, together with accrued interest, and premium, if any, is irrevocably
provided for, and if notice of such redemption shall have been duly given, provided for or waived, this bond shall cease to be entitled to the lien of the Indenture from and after the date such payment is irrevocably so provided for and shall cease
to bear interest from and after the date fixed for redemption. 
 The Indenture provides that (1) the Company and the Trustee, with the
consent of the holders of not less than sixty-six and two-thirds per cent in principal amount of the bonds at the time outstanding (determined as provided in the Indenture) including, if more than one series of bonds shall be at the time
outstanding, not less than sixty-six and two-thirds per cent in principal amount of the bonds at the time outstanding of each series affected, may effect, by an indenture supplemental to the Indenture, further modifications or alterations of the
Indenture and of the rights and obligations of the Company and of the holders of the bonds and coupons; provided, however, that no such modification or alteration shall be made without the consent of the holder hereof which will (a) extend the
maturity of this bond or reduce the rate or extend or otherwise change the time of payment of interest hereon or reduce the amount of the principal hereof or reduce any premium payable on the redemption hereof, or (b) permit the creation of any
lien, not otherwise permitted, prior to or on a parity with the lien of the Indenture, or alter the equal and proportionate security afforded by the lien of the Indenture for the bonds issued thereunder, or (c) reduce the number or percentage

  

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of the principal amount of the bonds upon the consent of the holders of which modifications or alterations may be made as aforesaid or defaults may be
waived; and (2) the holders of like percentages of the principal amount of the bonds outstanding and of each series thereof may waive certain uncured past defaults and the consequences thereof. 
 In certain events of default, the principal of this bond may become or be declared due and payable before maturity as provided in said Indenture.

 This bond, with all appropriate coupons, is either singly, or together with other coupon bonds of the same series as this bond,
exchangeable at the option of the holder, upon surrender thereof in bearer form and upon payment of a reasonable charge, but subject to the terms, conditions and limitations expressed in said Indenture, for a registered bond or bonds without coupons
of the same series as this bond, and of the same aggregate principal amount of any denomination or denominations authorized by the Indenture. 
 This bond shall pass by delivery except while registered as to principal. 
 This bond, but not its coupons, may from time to time
be registered as to principal at the option of the holder on the books of the Company at the principal corporate trust office of the Trustee, and if so registered shall pass only by transfer on such books, unless such transfer shall have been made
and registered to bearer, in which case it shall again pass by delivery until again registered. Registration shall not affect the negotiability of the coupons, which shall continue to be transferable by delivery, and the payment of any coupon to the
bearer thereof shall be a discharge of the Company in respect of the interest therein mentioned. 
 It is a part of the contract herein
contained that each holder hereof waives all right of recourse to any personal, statutory or other liability of any promoter, stockholder, officer or director, past, present or future, of the Company or of any predecessor or successor corporation
for the collection of any indebtedness hereunder as more fully provided in said Indenture. 
 This bond shall not become obligatory for any
purpose or be entitled to any security or benefit under said Indenture until the certificate hereon shall have been signed by the Trustee. 
 IN WITNESS WHEREOF, PUGET SOUND POWER & LIGHT COMPANY has caused these presents to be executed in its corporate
name and behalf by its President or one of its Vice Presidents or its Secretary and by its Treasurer or an Assistant Treasurer, thereunto duly authorized, and its corporate seal or a facsimile thereof to be hereto affixed, and has likewise caused
the 

  

 13 

 
annexed coupons to be authenticated by a facsimile of the signature of its Treasurer, all as of the first day of April, 1960. 
  

			
	PUGET SOUND POWER & LIGHT COMPANY,
		
	By	 	  

		 	(Title)              
		
	And by	 	  

		 	(Title)              

 [GENERAL FORM OF INTEREST
COUPON APPURTENANT TO 
 COUPON BONDS OF
THE 1990 SERIES] 
  

			
	$            *            	  	No.            

 On the first day
            , 19    , upon surrender hereof, unless the bond mentioned below shall previously have become due and payable and payment shall have been duly provided
therefor, PUGET SOUND POWER & LIGHT COMPANY will pay to the bearer at the principal corporate trust office of Old Colony Trust Company, in the City of Boston,
Massachusetts, or of its successor in trust, or, at the option of the holder hereof, at the office or agency of the Company in the Borough of Manhattan, City and State of New York, or in the City of Seattle, State of Washington, the amount shown
hereon above, in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, being six months’ interest then due on its First Mortgage Bond, 5 3/8 % Series due 1990 No. M            . 
  

	
	  

	Treasurer.            

  

	*	October coupon will be $26.88 

	*	April coupon will be $26.87 

 [FORM
OF REGISTRATION] 
 NOTICE: No writing below except by a Bond Registrar. 
  

					
	 Date of Registration
	  	 Name of Registered Owner
	  	 Signature of Bond Registrar

		  		  	

  

 14 

 [FORM OF REGISTERED BOND OF THE 1990 SERIES WITHOUT COUPONS] 
  

				
	 No. R
	  	$	            

 PUGET SOUND POWER & LIGHT COMPANY 
 Incorporated under the Laws of the Commonwealth of Massachusetts 
 FIRST MORTGAGE BOND, 53/8% SERIES DUE 1990 
 DUE
APRIL 1, 1990 
 PUGET SOUND
POWER & LIGHT COMPANY, a corporation organized and existing under the laws of Massachusetts (hereinafter called the “Company” which term shall include any successor corporation as
defined in the Indenture hereinafter referred to), for value received, hereby promises to pay to
                                         or
registered assigns, the sum of              Dollars ($            ) on April 1, 1990, or earlier as hereinafter provided,
and to pay to said payee, or registered assigns, interest hereon from the date hereof at the rate of 5 3/8 % per annum,
payable semi-annually on the first days of April and October in each year until payment of the principal hereof. 
 Both principal and
interest of this bond (and premium, if any) are to be paid in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, at the principal corporate trust office of
Old Colony Trust Company, Boston, Massachusetts, or of its successor in trust, or, at the option of the registered holder hereof, at the office or agency of the Company in the Borough of Manhattan, City and State of New York, or in the City of
Seattle, State of Washington. 
 This Bond is one of the bonds, of the above designated series, of an unlimited authorized amount of coupon
bonds or registered bonds without coupons, or both, known as First Mortgage Bonds, all issued or to be issued in one or more series under and secured by a First Mortgage dated as of June 2, 1924, executed and delivered by the Company to Old
Colony Trust Company as Trustee, as supplemented and/or modified by indentures supplemental thereto, including particularly the Fortieth Supplemental Indenture, dated as of September 1, 1954, in Part II of which are set forth the revised
provisions of said First Mortgage as theretofore and then supplemented and modified, and the Forty-fifth Supplemental Indenture dated as of April 1, 1960, relating, among other things, to the bonds of the above designated series, and by all
other instruments supplemental thereto (herein sometimes called the “Indenture”) reference to each and all of which is hereby made 

  

 15 

 
for a description of the property mortgaged and pledged as security for said bonds, the rights and remedies of the holder of this bond in regard thereto, and
the terms and conditions upon which bonds may be issued. 
 This bond is to be treated as negotiable, subject to the requirements for
registration hereinbelow provided, and all persons are invited by the Company and the holder hereof for the time being to act accordingly. The principal and interest hereby secured will be paid without regard to any equities between the Company and
the original or any intermediate holder hereof. 
 The bonds of this series are subject to redemption prior to maturity as a whole at any
time or in part from time to time (a) at the option of the Company, upon payment of the applicable percentage of the called principal amount thereof during the respective periods set forth in the tabulation below under the heading “Regular
Redemption Price”, and (b) for the sinking and improvement fund for the bonds of this series, for the depreciation fund provided for in the Indenture and by the application of proceeds of certain property subject to the lien thereof as
provided in the Indenture, upon payment of the applicable percentage of the called principal amount thereof during the respective periods set forth in the tabulation below under the heading “Special Redemption Price”: 
  

											
	 Twelve Months’ Period Beginning April 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %	  	 Twelve Months’ Period Beginning April 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %
	 1960
	  	106.50	  	101.15	  	1975	  	103.15	  	100.80
	 1961
	  	106.30	  	101.15	  	1976	  	102.95	  	100.75
	 1962
	  	106.05	  	101.10	  	1977	  	102.70	  	100.70
	 1963
	  	105.85	  	101.10	  	1978	  	102.50	  	100.70
	 1964
	  	105.60	  	101.10	  	1979	  	102.25	  	100.65
	 1965
	  	105.40	  	101.05	  	1980	  	102.05	  	100.60
	 1966
	  	105.20	  	101.05	  	1981	  	101.80	  	100.55
	 1967
	  	104.95	  	101.00	  	1982	  	101.60	  	100.50
	 1968
	  	104.75	  	101.00	  	1983	  	101.35	  	100.45
	 1969
	  	104.50	  	100.95	  	1984	  	101.15	  	100.40
	 1970
	  	104.30	  	100.95	  	1985	  	100.90	  	100.35
	 1971
	  	104.05	  	100.90	  	1986	  	100.70	  	100.30
	 1972
	  	103.85	  	100.90	  	1987	  	100.45	  	100.25
	 1973
	  	103.60	  	100.85	  	1988	  	100.25	  	100.15
	 1974
	  	103.40	  	100.85	  	1989	  	100.00	  	100.00

  

 16 

 together in any case with interest accrued thereon to the date fixed for redemption, upon prior notice (unless notice is
waived by the holders of all the bonds of this series) given by publication at least once each week for three successive calendar weeks, the first publication to be not less than thirty days nor more than ninety days prior to the date fixed for
redemption, in a newspaper, printed in the English language, customarily published at least five days a week, excluding legal holidays, and of general circulation in the City of Boston, Massachusetts, and in similar newspapers published and of
general circulation in the Borough of Manhattan, City and State of New York and in the City of Seattle, State of Washington, respectively; provided that if all of the bonds of this series at the time outstanding shall be registered bonds without
coupons and/or coupon bonds registered as to principal, such notice may be given by registered mail in lieu of such publication; all as more fully provided in the Indenture. 
 If this bond or any portion hereof ($1,000 or any multiple thereof) is duly designated for redemption, if payment of the principal hereof or of such
portion, together with accrued interest, and premium, if any, is irrevocably provided for, and if notice of such redemption shall have been duly given, provided for or waived, this bond or such portion shall cease to be entitled to the lien of the
Indenture from and after the date such payment is irrevocably so provided for and shall cease to bear interest from and after the date fixed for redemption. 
 In the event of the selection for redemption of a portion only of the principal of this bond, payment of the redemption price will be made at the option of the registered owner, either (a) upon presentation of
this bond for notation hereon of such payment of the portion of the principal of this bond so called for redemption, or (b) upon surrender of this bond in exchange for a bond or bonds, in either registered or coupon form (but only of authorized
denominations of the same series), for the unredeemed balance of the principal amount of this bond. 
 The Indenture provides that
(1) the Company and the Trustee, with the consent of the holders of not less than sixty-six and two-thirds per cent in principal amount of the bonds at the time outstanding (determined as provided in the Indenture) including, if more than one
series of bonds shall be at the time outstanding, not less than sixty-six and two-thirds per cent in principal amount of the bonds at the time outstanding of each series affected, may effect, by an indenture supplemental to the Indenture, further
modifications or alterations of the Indenture and of the rights and obligations of the 

  

 17 

 
Company and of the holders of the bonds and coupons; provided, however, that no such modification or alteration shall be made without the consent of the
registered owner hereof which will (a) extend the maturity of this bond or reduce the rate or extend or otherwise change the time of payment of interest hereon or reduce the amount of the principal hereof or reduce any premium payable on the
redemption hereof, or (b) permit the creation of any lien, not otherwise permitted, prior to or on a parity with the lien of the Indenture, or alter the equal and proportionate security afforded by the lien of the Indenture for the bonds issued
thereunder, or (c) reduce the number or percentage of the principal amount of the bonds upon the consent of the holders of which modifications or alterations may be made as aforesaid or defaults may be waived; and (2) the holders of like
percentages of the principal amount of the bonds outstanding and of each series thereof may waive certain uncured past defaults and the consequences thereof. 
 In certain events of default, the principal of this bond may become or be declared due and payable before maturity as provided in said Indenture. 
 This bond is transferable by the registered owner hereof in person or by his duly authorized attorney, on books of the Company kept for the purpose, at
the principal corporate trust office of the Trustee upon surrender of this bond for cancellation and upon payment, if the Company shall so require, of the charges provided for in the Indenture, and thereupon a new registered bond of the same series
of like principal amount will be issued to the transferee in exchange therefor. 
 The registered owner of this bond at his option may
surrender the same for cancellation at said office and receive in exchange therefor the same aggregate principal amount of registered bonds of the same series but of other authorized denominations or coupon bonds of the same series of the
denomination of One Thousand Dollars, bearing coupons representing interest from the last interest payment date to which interest has been paid on this bond, or both such registered bonds and coupon bonds, upon payment, if the Company shall so
require, of the charges provided for in the Indenture and subject to the terms and conditions therein set forth. 
 Payment of interest by
the Company to the registered holder of this bond will be a discharge of the Company with respect to such interest. 
 It is a part of the
contract herein contained that each holder hereof waives all right of recourse to any personal, statutory or other liability of any promoter, stockholder, officer or director, past, present or future, of the Company or of any predecessor or
successor corporation for the collection of any indebtedness hereunder as more fully provided in said Indenture. 
  

 18 

 This bond shall not become obligatory for any purpose or be entitled to any security or benefit under
said Indenture until the certificate hereon shall have been signed by the Trustee. 
 IN WITNESS
WHEREOF, PUGET SOUND POWER & LIGHT COMPANY has caused these presents to be executed in its corporate name and behalf by its President or one of its
Vice Presidents or its Secretary and by its Treasurer or an Assistant Treasurer, thereunto duly authorized, and its corporate seal or a facsimile thereof to be hereto affixed, all as of 
  

			
	PUGET SOUND POWER & LIGHT COMPANY,
		
	By	 	  

		 	(Title)              
		
	And by	 	  

		 	(Title)              

 [FORM OF ASSIGNMENT] 
 FOR VALUE RECEIVED the undersigned hereby sells, assigns, and transfers unto
                                         the
within bond, and all rights thereunder, hereby irrevocably constituting and appointing
                                         attorney
to transfer said bond on the books of the Company, with full power of substitution in the premises. 
 Dated: 
 Signature Guaranteed By: 
 NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within bond in every particular, without alteration or enlargement or any change whatever. 
 [FORM OF STAMP TAX LEGEND FOR ALL
BONDS OF THE 1990 SERIES] 
 United States Documentary Tax stamps required by law
have been affixed to the within mentioned Indenture and duly cancelled. 
  

 19 

 [FORM OF TRUSTEE’S
AUTHENTICATION CERTIFICATE FOR ALL BONDS] 
 This is one of the
bonds, of the series designated therein, described in the within mentioned Indenture. 
  

			
	OLD COLONY TRUST COMPANY,
	Trustee,
		
	By	 	  

		 	Authorized Officer.

 SECTION 1.02. Redemption Provisions for Bonds of the 1990 Series.
The Bonds of the 1990 Series shall be subject to redemption prior to maturity as a whole at any time or in part from time to time, 
 (a) at the option of the Company, upon payment of the applicable percentage of the called principal amount thereof set forth under the heading “Regular Redemption Price” in the tabulation in the forms of the Bonds of the 1990
Series set forth in Section 1.01 hereof; or 
 (b) upon payment of the applicable percentage of the called principal
amount thereof set forth under the heading “Special Redemption Price” in the tabulation in the forms of the Bonds of the 1990 Series set forth in Section 1.01 hereof 
 (i) through the application of cash deposited with the Trustee for the sinking and improvement fund for the Bonds of said series provided
for in Section 1.03 hereof, or 
 (ii) for use as a basis for credit, as provided in said Section 1.03, against the
sinking and improvement fund payment for the Bonds of said series due not more than 12 months subsequent to the date fixed for such redemption, or 
 (iii) through the application of cash deposited with the Trustee for the depreciation fund provided for in Section 1.04 hereof; or 
 (iv) through the application of any trust moneys representing the proceeds of property taken, recaptured or sold in any 

  

 20 

 
transaction to which the provisions of Section 7.04 of the Indenture are applicable, 
 together in any case with interest accrued thereon to the date fixed for redemption, upon prior notice (unless such notice is waived by the holders of all bonds of such series) given by publication at least once each
week for three successive calendar weeks, the first publication to be not less than thirty days nor more than ninety days prior to the date fixed for redemption, in a newspaper, printed in the English language, customarily published at least five
days a week, excluding legal holidays, and of general circulation in the City of Boston, Massachusetts, and in similar newspapers published and of general circulation in the Borough of Manhattan, City and State of New York and in the City of
Seattle, State of Washington, respectively; provided that if all of the bonds of this series at the time outstanding shall be registered bonds without coupons and/or coupon bonds registered as to principal, such notice may be given by registered
mail in lieu of such publication. 
 SECTION 1.03. Sinking and Improvement Fund for Bonds of the 1990 Series. As a
sinking and improvement fund for the benefit of the holders of the Bonds of the 1990 Series, the Company covenants that it will, subject to the provisions in this Section hereinafter set forth, annually on or before March 31 in each year,
beginning with 1962 and continuing to and including March 31, 1989, pay to the Trustee in cash, an amount equal to the excess, if any, over the sum of the credits shown by the annual certificate hereinafter in this Section provided for, of an
amount equal to the lowest multiple of $1,000 which equals or exceeds 1% of the aggregate principal amount of Bonds of the 1990 Series outstanding on the February 1 next preceding such March 31. 
 The payments and the dates upon which payments are required for the sinking and improvement fund as above provided are in this Section 1.03 and in
the annual certificate hereinafter provided for referred to as “sinking and improvement fund payments” and “sinking and improvement fund payment dates”, respectively. 
 The Company shall file with the Trustee at least 45 days preceding any sinking and improvement fund payment date an officers’ certificate (herein
referred to as an “annual sinking and improvement fund certificate”), substantially in the following form: 
  

 21 

 “PUGET SOUND POWER & LIGHT COMPANY 
 FIRST MORTGAGE DATED AS OF JUNE 2, 1924 
 AS SUPPLEMENTED AND MODIFIED 
  
  
 ANNUAL
SINKING AND IMPROVEMENT FUND CERTIFICATE 
 (Bonds of the 1990
Series) 
 The undersigned, one of whom is an accountant, in compliance with the provisions for a sinking and improvement fund contained in
Section 1.03 of the Forty-fifth Supplemental Indenture to the above mentioned Mortgage, do hereby certify as follows: 
 1. The amount of the sinking and improvement fund payment due on March 31, 19 (here there should be specified the March 31 next succeeding the date of filing of the certificate) computed as provided in Section 1.03 of said
Supplemental Indenture (but before deduction of credits) is
                                        
$            . 
 2. The credits, if any, which the Company elects
to take against said sinking and improvement fund payment are as follows: 
 (i) Bonds of the 1990 Series delivered or to be
delivered to the Trustee concurrently herewith, or not later than the date specified in Item 1 above, of a principal amount equal to
                                        
$            . 
 (Here specify Bonds delivered or to be
delivered.) 
 (ii) Bonds of the 1990 Series (or Bond credits therefor) which have been redeemed not more than 12 months
preceding the date specified in Item 1 above, at the Special Redemption Price provided for in, and pursuant to the provisions of, subparagraph (ii) of Clause (b) of 

  

 22 

 
Section 1.02 of the Forty-fifth Supplemental Indenture, of a principal amount equal to
                                        
$            . 
 (Here specify Bonds redeemed or Bond credits
therefor.) 
 (iii) Bonds of the 1990 Series (or Bond credits therefor) redeemed at any time prior to the date specified in
Item 1 above at the Regular Redemption Price provided for in Clause (a) of Section 1.02 of the Forty-fifth Supplemental Indenture, of a principal amount equal to
                                        
$            . 
 (Here specify Bonds redeemed or Bond credits
therefor.) 
 (iv) Unfunded net additions shown by net property additions applications heretofore or concurrently herewith
filed with the Trustee, equal to $            , to the extent of 60% of said amount, i.e
                                        
$            . 
 Total credits pursuant to Item 2
                                        
$            . 
 3. (To be included only if credit is taken
pursuant to Clause (i) of Item 2.) All Bonds delivered or to be delivered to the Trustee as stated in Clause (i) of Item 2 above have been bona fide issued and delivered to persons other than affiliates of the Company, and have
been reacquired by the Company. 
 4. (This statement need be included only if credit is taken pursuant to Item 2.) None
of the Bonds or Bond credits which are made the basis of a credit pursuant to Clauses (i), (ii) and (iii) of Item 2 above has been funded, and no net additions made the basis of a credit pursuant to Clause (iv) of Item 2
above have been funded, or, if funded, they have become unfunded pursuant to the provisions of the last two paragraphs of Section 1.35 of the Fortieth Supplemental Indenture, or (in the case of Bonds or Bond credits) such Bonds or 

  

 23 

 
Bond credits have been reinstated as provided in Section Four of Article II of Part I of said Fortieth Supplemental Indenture, or in Section 2.03 of said
Fortieth Supplemental Indenture. 
 5. The balance, if any, of the above-mentioned sinking and improvement fund payment to be
paid by the Company in cash, namely, the amount set forth in Item 1 hereof, minus the total credits set forth in Item 2 hereof, is
                                        
$            . 
 [Here insert statements as to compliance with conditions
precedent as required by Section 2.04 of the Fortieth Supplemental Indenture.] 
 Dated:
                     
  

	
	  

	President
	
	  

	 Treasurer of
 PUGET SOUND POWER & LIGHT COMPANY”

 All Bonds of the 1990 Series delivered to the Trustee and credited against any sinking and
improvement fund payment and all Bonds of the 1990 Series redeemed by operation of the sinking and improvement fund or the redemption of which has been made the basis of a credit against any sinking and improvement fund payment or Bond credits
therefor, and all net additions made the basis of a credit against any sinking and improvement fund payment, shall be deemed to be thereupon funded, but only so long as any Bonds of the 1990 Series are outstanding. All Bonds of the 1990 Series so
delivered or redeemed shall, if not previously cancelled, be forthwith cancelled by the Trustee. 
 Forthwith after the filing of the annual
sinking and improvement fund certificate preceding each sinking and improvement fund payment date on which the Company will, as shown by said certificate, be required to make to the Trustee a payment in cash for the sinking and improvement fund, the
Trustee shall proceed to select for redemption, in the manner provided 

  

 24 

 
in Article Ten of the Indenture, a principal amount of Bonds of the 1990 Series equal to the amount of such cash payment and, in the name of the Company,
shall give notice as required by the provisions of Section 1.02 hereof and Article Ten of the Indenture of the redemption for the sinking and improvement fund, on the then next ensuing April 1, of the Bonds so selected. On or before the
sinking and improvement fund payment date next preceding such April 1, the Company shall pay to the Trustee the cash payment required by this Section, plus the amount of all interest accrued, if any, and premium payable, on Bonds of the 1990
Series to be redeemed by the application of such cash payment, and the money so paid shall be applied by the Trustee to the redemption of such Bonds. The Company shall also deliver to the Trustee with the filing of any annual sinking and improvement
fund certificate, or not later than the next succeeding sinking and improvement fund payment date, any Bonds of the 1990 Series specified in said Clause (i) of Item 2 in such certificate. 
 All cash paid to the Trustee pursuant to the provisions of this Section shall be held by the Trustee as security for the payment of the called Bonds of
the 1990 Series until applied as herein provided. 
 The Company, upon request of the Trustee from time to time, will pay to the trustee an
amount equal to the cost of giving notice of redemption of Bonds of the 1990 Series for such fund and any other expense of operation of such fund, the intention being that such fund shall not be charged for such expenses. 
 SECTION 1.04. Depreciation Fund. Notwithstanding the provisions of Section Six of Article II of Part I of the Fortieth
Supplemental Indenture, the Company hereby covenants that, so long as any of the Bonds of the 1990 Series shall remain outstanding, (a) the covenants made by the Company in Section Four of Article II of Part I of the Fortieth Supplemental
Indenture shall continue in full force and effect and (b) Bonds delivered, redeemed or purchased pursuant to said Section Four and any amount of unfunded Bond credits used as a credit in Item 7 of any depreciation fund certificate shall be
deemed to be funded, unless and until the same shall have been reinstated as provided in said Section Four or in Section 2.03 of the Indenture. 
 SECTION 1.05. Restriction on Payment of Dividends on Common Stock. Notwithstanding the provisions of Section 1.08 of the Forty-fourth Supplemental Indenture, the Company hereby
covenants that the covenants made by the Company in Section 1.05 of the Forty-fourth Supplemental 

  

 25 

 
Indenture shall continue in full force and effect so long as any of the Bonds of the 1990 Series shall remain outstanding. 
 SECTION 1.06. Minimum Provision for Depreciation. The Company hereby covenants that the term “minimum provision for
depreciation” shall have the meaning specified in Section 1.32 of the Indenture so long as any of the Bonds of the 1990 Series shall remain outstanding. 
 SECTION 1.07. Assignment of Certain Contracts. The Company hereby covenants that, except in connection with any merger or consolidation of the Company, or any sale, conveyance, transfer or
lease, subject to the lien of the Indenture, of all of the trust estate as, or substantially as, an entirety as permitted by Article Fourteen of the Indenture, or unless the prior written consent of the holders of not less than a majority in
principal amount of the Bonds of the 1990 Series at the time outstanding is obtained, it will not assign to any third party any of its right, title and interest under, in and to, the following described contracts: 
 (a) Power Contract, dated January 6, 1956 between Public Utility District No. 1 of Chelan County, Washington and the Company,
relating to the sale of electric energy to the Company from the so-called Rock Island Project; 
 (b) Power Sales Contract,
dated as of the 14th day of November, 1957, between Public Utility District No. 1 of Chelan County, Washington and the Company relating to the sale of electric energy to the Company from the so-called Rocky Reach Project; and 
 (c) All amendments and supplements to, and modifications of, the Power Contracts described in clauses (a) and (b) above.

 Nothing in this Section 1.07 contained shall in any way affect or impair the right of the Company, from time to time, if no default shall exist under
the Indenture, to modify, supplement or terminate such contracts and each of them, if, in the opinion of the Company, such modification, supplement or termination is necessary, desirable or advisable in the conduct of the utility business of the
Company. 
 SECTION 1.08. Duration of Effectiveness of Article One. This Article shall be in force and effect only
so long as any of the Bonds of the 1990 Series are outstanding. 
  

 26 

 ARTICLE TWO. 
 Principal Amount Presently To Be Outstanding. 
 SECTION 2.01. The total aggregate principal amount of First Mortgage Bonds of the Company issued and outstanding and presently to be issued and outstanding under the provisions of and secured by the Indenture, will be
Ninety-five Million Dollars ($95,000,000), namely, Twenty-five Million Dollars ($25,000,000) principal amount of First Mortgage Bonds, 3 1/2% Series due 1984, Thirty Million Dollars ($30,000,000) principal amount of First Mortgage Bonds, 4 1/8 % Series due 1988 and Twenty Million Dollars ($20,000,000) principal amount of First Mortgage Bonds, 5 1/2% Series
due 1989 now issued and outstanding, and Twenty Million Dollars ($20,000,000) principal amount of First Mortgage Bonds, 5 3/8%
Series due 1990, to be authenticated and delivered pursuant to Section 2.02 of this Forty-fifth Supplemental Indenture. Additional Bonds of the 1984 Series, the 1988 Series, the 1989 Series, the 1990 Series and of any other series established
after the execution and delivery of this Forty-fifth Supplemental Indenture may from time to time be authenticated, delivered and issued pursuant to the terms of the Indenture and indentures supplemental thereto.

 SECTION 2.02. Bonds of the 1990 Series in the aggregate principal amount of Twenty Million
Dollars ($20,000,000) may forthwith, upon the execution and delivery of this Forty-fifth Supplemental Indenture, or from time to time thereafter, and upon compliance by the Company with the provisions of Article Five of the Indenture, be executed by
the Company and delivered to the Trustee and shall thereupon be authenticated and delivered by the Trustee to or upon the written order of the Company. 
 ARTICLE THREE. 
 Miscellaneous. 
 SECTION 3.01. This Forty-fifth Supplemental Indenture is executed and shall be construed as an indenture supplemental to the
Indenture, and shall form a part thereof, and the Indenture, as hereby supplemented, is hereby confirmed. Except to the extent inconsistent with the express terms hereof, all of the provisions, terms, covenants and conditions of the Indenture

  

 27 

 
shall be applicable to the Bonds of the 1990 Series to the same extent as if specifically set forth herein. All terms used in this Forty-fifth Supplemental
Indenture shall be taken to have the same meaning as in the Indenture, except in cases where the context herein clearly indicates otherwise. 
 SECTION 3.02. All recitals in this Forty-fifth Supplemental Indenture are made by the Company only and not by the Trustee; and all of the provisions contained in the Indenture in respect of the rights, privileges,
immunities, powers and duties of the Trustee shall be applicable in respect hereof as fully and with like effect as if set forth herein in full. 
 SECTION 3.03. The Company covenants that it is lawfully seized and possessed of all the trust estate at the date of the execution of this Forty-fifth Supplemental Indenture except as in the Indenture otherwise stated or
permitted; that on said date the trust estate is free and clear from all liens and encumbrances other than permitted encumbrances, except as in the Indenture otherwise stated or permitted; that the Company will warrant and forever defend the trust
estate and the title thereto to the Trustee against the claims of all persons whomsoever except as in the Indenture otherwise stated or permitted; that it will maintain and preserve the lien of the Indenture, as a first mortgage lien, except as in
the Indenture otherwise stated or permitted, so long as any of the Bonds issued under the Indenture are outstanding; and that it has good right and lawful authority to subject said property to the lien of the Indenture, as provided in and by the
Indenture. 
 SECTION 3.04. This Forty-fifth Supplemental Indenture may be executed in several counterparts, and each of
such counterparts shall for all purposes be deemed to be an original, and all such counterparts, or as many of them as the Company and the Trustee shall preserve undestroyed, shall together constitute but one and the same instrument. 
 SECTION 3.05. Although this Forty-fifth Supplemental Indenture is dated for convenience and for the purpose of reference as of
April 1, 1960, the actual date or dates of execution by the Company and by the Trustee are as indicated by their respective acknowledgments hereto annexed. 
 IN WITNESS WHEREOF, Puget Sound Power & Light Company has caused this Forty-fifth Supplemental Indenture to be signed in its corporate name and behalf by its
President or one of its Vice Presidents or its Treasurer 

  

 28 

 
and its corporate seal to be hereunto affixed and attested by its Clerk or Assistant Clerk or its Secretary or one of its Assistant Secretaries, and Old
Colony Trust Company in token of its acceptance of the trust hereby created has caused this Forty-fifth Supplemental Indenture to be signed in its corporate name and behalf by its President or one of its Vice Presidents, and its corporate seal to be
hereunto affixed and attested by its Secretary or one of its Assistant Secretaries, all on the 21st day of April, 1960, but as of the day and year first above written. 
  

							
		  		 	PUGET SOUND POWER & LIGHT COMPANY
				
		  		 	By	 	 /S/ J. E. ANDERSON

	Attest:	  		 		 	Treasurer.
				
	 /S/ CHARLES JACKSON, JR.
	  		 		 	
	Clerk.	  		 		 	
				
		  		 		 	CORPORATE SEAL    
			
		  		 	OLD COLONY TRUST COMPANY
				
		  		 	By	 	 /S/ H. S. PARKER

	Attest:	  		 		 	Vice President.
				
	 /S/ E. K. FIELDING
	  		 		 	
	Assistant Secretary.	  		 		 	
				
		  		 		 	CORPORATE SEAL    

  

 29 

					
	 }
  
	 	COMMONWEALTH OF MASSACHUSETTS	  	SS.:
	 	COUNTY OF SUFFOLK	  

 On this 21st day of April, 1960, before me personally appeared
J. E. ANDERSON and CHARLES JACKSON, JR., to me known to be the Treasurer and Clerk, respectively, of PUGET SOUND POWER &
LIGHT COMPANY, one of the corporations that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation for the uses and purposes
therein mentioned, and on oath stated that they were authorized to execute and attest said instrument, and that the seal affixed is the corporate seal of said corporation. 
 IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the day and year first above
written. 
  

	
	 /S/ JOHN J. WALSH

	NOTARY PUBLIC
	
	My commission expires November 5, 1960

 NOTARIAL SEAL 
  

 30 

					
	 }
  
	 	COMMONWEALTH OF MASSACHUSETTS	  	SS.:
	 	COUNTY OF SUFFOLK	  

 J. E. ANDERSON and CHARLES JACKSON,
JR., being duly sworn each for himself on oath deposes and says that he, the said J. E. ANDERSON is and at the time of the execution of the foregoing Supplemental Indenture was the Treasurer of PUGET
SOUND POWER & LIGHT COMPANY, a corporation and the mortgagor therein named, and the same person who as such Treasurer executed said Supplemental Indenture in behalf of said
corporation; and that he, the said CHARLES JACKSON, JR. is and at the time of the execution of said Supplemental Indenture was the Clerk of said corporation, the said mortgagor, and the same person who as
such Clerk attested such Supplemental Indenture on behalf of said corporation; and that the said Supplemental Indenture is made in good faith and without any design to hinder, delay or defraud creditors or any creditor of said corporation.

  

			
	J. E. ANDERSON	 	CHARLES JACKSON, JR.

 Subscribed and sworn to before me this 21st day of April, 1960. 
  

	
	 /S/ JOHN J. WALSH

	NOTARY PUBLIC
	
	My commission expires November 5, 1960

 NOTARIAL SEAL 
  

 31 

					
	 }
  
	 	COMMONWEALTH OF MASSACHUSETTS	  	SS.:
	 	COUNTY OF SUFFOLK	  

 On this 21st day of April, 1960 before me personally appeared
H. S. PARKER and E. K. FIELDING, to me known to be a Vice President and an Assistant Secretary, respectively, of OLD COLONY TRUST COMPANY, one of the
corporations that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation for the uses and purposes therein mentioned, and on oath stated that they were
authorized to execute and attest said instrument, and that the seal affixed is the corporate seal of said corporation. 
 IN
WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the day and year first above written. 
  

	
	 JOHN J. WALSH

	NOTARY PUBLIC
	
	My commission expires November 5, 1960

 NOTARIAL SEAL 
  

 32 

 TO COUNTY AUDITOR: 
 This instrument is a mixed real and chattel mortgage. Record as real estate mortgage and file and index as chattel mortgage. 
  

			
		 	OLD COLONY TRUST COMPANY, Trustee
		
		 	 /S/ E. K.
FIELDING        

		 	Assistant SecretaryForty-Sixth Supplemental Indenture, dated November 10, 1960

 Exhibit 4.9 
  

 
  
 PUGET SOUND POWER & LIGHT COMPANY 
 A
WASHINGTON CORPORATION 
 TO 
 OLD COLONY TRUST COMPANY, 
 OF BOSTON, 
                                         
                        TRUSTEE. 
  
  
 Forty-Sixth Supplemental Indenture 
 Dated as of November 10, 1960.

  
  
 Relating to the succession of Puget Sound Power & Light Company, 
 a Washington Corporation, to 
 Puget Sound Power & Light Company, 

 a Massachusetts Corporation, and the 
 Assumption by the Successor Corporation of the 
 Covenants and Obligations of its Predecessor. 

  
  
 Supplemental to Indenture dated as of June 2, 1924, 
 as supplemented and modified. 
  
  
  
 (NOT PART OF INDENTURE) 

 THIS FORTY-SIXTH SUPPLEMENTAL INDENTURE, made as of the tenth day of November, 1960, by and
between PUGET SOUND POWER & LIGHT COMPANY, a corporation duly organized and existing under and by virtue of the laws of the State of Washington (hereinafter
sometimes called “Puget-Washington”), and OLD COLONY TRUST COMPANY, a corporation duly organized and existing under and by virtue of the laws of the Commonwealth of Massachusetts
and having its principal office in the City of Boston, in said Commonwealth (hereinafter sometimes called the “Trustee”), as Trustee under the First Mortgage (originally, and before modification thereof by certain supplemental indentures,
called “First and Refunding Mortgage”) from PUGET SOUND POWER & LIGHT COMPANY, a Massachusetts Corporation, dated as of June 2, 1924 (said Mortgage
being hereinafter sometimes called the “Original Mortgage”), as supplemented and modified by all indentures supplemental thereto heretofore executed and delivered; 
 WITNESSETH: That 
 WHEREAS, Puget Sound Power & Light Company, a corporation duly organized and existing under and by virtue of the laws of the Commonwealth of Massachusetts (hereinafter sometimes called the “Company”) did by
the Original Mortgage, filed for record in the offices of the Auditors of the Counties of Chelan, Clallam, Cowlitz, Douglas, Grant, Grays Harbor, Island, Jefferson, King, Kitsap, Kittitas, Lewis, Mason, Pacific, Pierce, Skagit, Snohomish, Thurston
and Whatcom, all in the State of Washington, and left on file as a chattel mortgage in each of said counties, convey and pledge certain property therein described to Old Colony Trust Company, as Trustee, to be held upon the trusts expressed in the
Original Mortgage to equally secure an unlimited authorized amount of mortgage bonds (therein and herein called the “Bonds”) issued or to be issued in one or more series, all as more fully provided in the Original Mortgage; and 

WHEREAS, the Company, prior to September 1, 1954, had executed and delivered to the Trustee thirty-nine supplemental indentures,
supplementing and in certain respects modifying the Original Mortgage and providing for 
  

 1 

 the execution, certification and delivery of Bonds of various series from time to time pursuant thereto (which Original
Mortgage, as so supplemented and modified, is therein and herein sometimes called the “First Mortgage”); and 
 WHEREAS, the Company executed and delivered to the Trustee a Fortieth Supplemental
Indenture, dated as of September 1, 1954, which Supplemental Indenture is divided into two parts, designated as Part I and Part II, and Part I thereof provided for the establishment and the execution, certification and delivery initially of
Twenty-five Million Dollars ($25,000,000) principal amount of a series of Bonds, designated as First Mortgage Bonds, 3 1/2%
Series due 1984, (herein sometimes called “Bonds of the 1984 Series”) and contained certain covenants, restrictions, conditions and provisions affecting, and provided for certain modifications of, the First Mortgage (the First Mort-gage,
as so supplemented and modified by said Part I, being sometimes in said Fortieth Supplemental Indenture and herein called the “Revised First Mort-gage”) and Part II thereof provided for modifications of the Revised First Mortgage as
therein set forth, which modifications became effective on October 20, 1955 (the Revised First Mortgage as so modified by Part II of the Fortieth Supplemental Indenture as heretofore, hereby, and hereafter supplemented and modified being
sometimes in said Part II and herein called the “Indenture” and references herein to Sections, Articles or other provisions of the Indenture being to the revised or modified provisions thereof as set forth in Part II of the Fortieth
Supplemental Indenture) ; and 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee a
Forty-first Supplemental Indenture dated as of December 1, 1954, a Forty-second Supplemental Indenture dated as of July 1, 1957, a Forty-third Supplemental Indenture, dated as of May 1, 1958, a Forty-fourth Supplemental Indenture
dated as of November 1, 1959, and a Forty-fifth Supplemental Indenture dated as of April 1, 1960, all of which mortgaged, pledged, assigned, conveyed and transferred to the Trustee and subjected to the lien of the Indenture additional
property acquired or constructed, and betterments, improvements and additions made to the mortgaged property since the execution and delivery of the Fortieth Supplemental Indenture; and 
  

 2 

 WHEREAS, there have been duly
executed, authenticated and delivered, pursuant to the provisions of the Indenture as supplemented by the Forty-third Supplemental Indenture, Bonds designated as First Mortgage Bonds, 4 1/8% Series due 1988 (hereinafter sometimes called “Bonds of the 1988 Series”) in the principal amount of Thirty Million Dollars ($30,000,000); and

 WHEREAS, there have been duly executed, authenticated and
delivered, pursuant to the provisions of the Indenture as supplemented by the Forty-fourth Supplemental Indenture, Bonds designated as First Mortgage Bonds, 5 1/2 % Series due 1989 (hereinafter sometimes called “Bonds of the 1989 Series”) in the principal amount of Twenty Million Dollars ($20,000,000); and 
 WHEREAS, there have been duly executed, authenticated and delivered, pursuant to
the terms of the Indenture as supplemented by the Forty-fifth Supplemental Indenture, Bonds designated as First Mortgage Bonds, 5 3/8 % Series due 1990 (hereinafter sometimes called “Bonds of the 1990 Series”) in the principal amount of Twenty Million Dollars ($20,000,000); and 
 WHEREAS, all Bonds of any series heretofore issued pursuant to the Original Mortgage, as from time to time supplemented and modified, have
been retired and cancelled or payment duly and irrevocably provided for, except the Twenty-five Million Dollars ($25,000,000) principal amount of Bonds of the 1984 Series, the Thirty Million Dollars ($30,000,000) principal amount of Bonds of the
1988 Series, the Twenty Million Dollars ($20,000,000) principal amount of Bonds of the 1989 Series and the Twenty Million Dollars ($20,000,000) principal amount of Bonds of the 1990 Series, which Bonds are now outstanding and constitute the only
Bonds of the Company outstanding under the Indenture; and 
 WHEREAS, the Company has entered into a Joint Agreement of Merger
with Puget-Washington, dated September 14, 1960, pursuant to which agreement the Company will merge into Puget-Washington on such terms 
  

 3 

 as in no respect impair the lien and security of the Indenture on the mortgaged property or any of the rights or powers
of the Trustee or of the Bondholders thereunder; and 
 WHEREAS, Puget-Washington desires to execute and deliver this
Forty-sixth Supplemental Indenture for the purpose of evidencing the succession of Puget-Washington to the Company, and the assumption by Puget-Washington of the covenants and obligations of the Company in the Bonds and in the Indenture contained
and to enable Puget-Washington to have and exercise the rights, privileges and powers of the Company under the Indenture in accordance with the terms thereof, and 
 WHEREAS, all things necessary have been done to authorize the execution, delivery and recording of these presents validly to effectuate (a) the assumption and agreement by Puget-Washington to pay
duly and punctually the principal of and interest on the Bonds issued under the Indenture in accordance with the provisions of said Bonds and any coupons thereto appertaining and the Indenture, (b) the agreement by Puget-Washington to perform
and fulfill all the terms, covenants and conditions of the Indenture binding on the Company in respect of the trust estate and (c) the representation and warranty by Puget-Washington that, when said terms, covenants and conditions so become
binding upon it, there will not exist under the Indenture any default or any condition or event which, with the passage of time or notice or both, could become a default; 
 NOW THEREFORE, this Forty-sixth Supplemental Indenture 
 WITNESSETH, that, pursuant to and in execution of the powers, authorities and obligations conferred, imposed and reserved in the Indenture, and pursuant to and in execution of every other power, authority and obligation
thereto appertaining and/or enabling, in order to evidence the succession of Puget-Washington to the Company and the assumption by Puget-Washington of the covenants and obligations of the Company in the Bonds and in the Indenture contained and to
enable Puget-Washington to have and exercise the rights, privileges and powers of the Company under the Indenture in accordance with the terms thereof, said Puget Sound Power & Light Company, organized and 
  

 4 

 existing under the laws of the State of Washington, in consideration of the premises and of One Dollar ($1.00) and other
good and valuable consideration to it duly paid by the Trustee, hereby agrees with the Trustee as follows, to wit: 
 ARTICLE ONE. 

 Covenants and Agreements of Puget-Washington. 
 Puget-Washington hereby assumes and agrees to pay duly and punctually the principal of and interest on the Bonds issued under the Indenture in accordance with the provisions of said Bonds and any coupons thereto
appertaining and the Indenture, and agrees to perform and fulfill all the terms, covenants and conditions of the Indenture binding the Company in respect of the trust estate, and represents and warrants that, when said terms, covenants and
conditions so become binding upon it, there will not exist under the Indenture any default or any condition or event which, with the passage of time or notice or both, could become a default. 
 ARTICLE TWO. 
 Miscellaneous. 
 SECTION 2.01. This Forty-sixth Supplemental Indenture is executed and shall be construed as an indenture supplemental to the
Indenture, and shall form a part thereof, and the Indenture, as hereby supplemented, is hereby confirmed. All terms used in this Forty-sixth Supplemental Indenture shall be taken to have the same meaning as in the Indenture, except in cases where
the context herein clearly indicates otherwise. 
 SECTION 2.02. The Trustee accepts the modifications of the trusts
hereby effected, but only upon the terms and conditions set forth in the Indenture. Without limiting the generality of the foregoing, the Trustee assumes no responsibility for the correctness of the recitals of facts herein contained, 
  

 5 

 which shall be taken as the statements of Puget-Washington; and the Trustee makes no representations and shall have no
responsibility other than that assumed under the Indenture; and all of the provisions contained in the Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect hereof as fully and
with like effect as if set forth herein in full. 
 SECTION 2.03. This Forty-sixth Supplemental Indenture may be executed
in several counterparts, and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts, or as many of them as Puget-Washington and the Trustee shall preserve undestroyed, shall together constitute but
one and the same instrument. 
 SECTION 2.04. Although this Forty-sixth Supplemental Indenture is dated for convenience
and for the purpose of reference as of November 10, 1960, the actual date or dates of execution by Puget-Washington and by the Trustee are as indicated by their respective acknowledgments hereto annexed. 
 IN WITNESS WHEREOF, Puget Sound Power & Light Company, a Washington corporation, has caused this
Forty-sixth Supplemental Indenture to be signed in its corporate name and behalf by its President or one of its Vice Presidents or its Treasurer and its corporate seal to be hereunto affixed and attested by its Secretary or one of its Assistant
Secretaries, and Old Colony Trust Company in token of its acceptance of the trust hereby created has caused this Forty-sixth Supplemental Indenture to be signed in its corporate name and behalf by its President or one of its Vice Presidents,
and its corporate seal to be hereunto affixed and attested by its Secretary or one 
  

 6 

 of its Assistant Secretaries, all on the 10th day of November, 1960, but as of the day and year first above written.

  

			
	PUGET SOUND POWER & LIGHT COMPANY
		
	By	 	 /s/    J. H. CLAWSON

		 	President.

  

			
	Attest:	 	
		
	 /s/    RALPH M. DAVIS
	 	
	Secretary.	 	
		 	 CORPORATE
 SEAL      

  

			
	OLD COLONY TRUST COMPANY
		
	BY	 	 /s/    J. J. WALSH

		 	Vice President.

  

			
	Attest:	 	
		
	 /s/    E. K. FIELDING
	 	
	Assistant Secretary.	 	
		 	 CORPORATE
 SEAL      

  

 7 

					
	 COMMONWEALTH OF
MASSACHUSETTS
 COUNTY OF SUFFOLK
	  	 }
  
	  	ss.:

 On this 10th day of November, 1960, before me personally appeared J. H. CLAWSON and
RALPH M. DAVIS, to me known to be the President and Secretary, respectively, of PUGET SOUND POWER & LIGHT COMPANY, a Washington
corporation, one of the corporations that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation for the uses and purposes therein mentioned, and on oath
stated that they were authorized to execute and attest said instrument, and that the seal affixed is the corporate seal of said corporation. 
 IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the day and year first above written. 
  

	
	 /s/    ROBERT D. FISHER

	 NOTARY PUBLIC
 My commission expires December 1, 1965

 NOTARIAL 
     SEAL 
  

 8 

							
	 COMMONWEALTH OF
MASSACHUSETTS
 COUNTY OF SUFFOLK
	 	 }
  
	 	 	  	ss.:

 J. H. CLAWSON and RALPH M. DAVIS, being duly sworn
each for himself on oath deposes and says that he, the said J. H. CLAWSON is and at the time of the execution of the foregoing Supplemental Indenture was the President of PUGET SOUND
POWER & LIGHT COMPANY, a Washington corporation and the successor mortgagor therein named, and the same person who as such President executed said Supplemental Indenture in behalf of said
corporation; and that he, the said RALPH M. DAVIS is and at the time of the execution of said Supplemental Indenture was the Secretary of said corporation, the said successor mortgagor, and the same person who as such
Secretary attested such Supplemental Indenture on behalf of said corporation; and that the said Supplemental Indenture is made in good faith and without any design to hinder, delay or defraud creditors or any creditor of said corporation.

  

			
	RALPH M. DAVIS	  	J. H. CLAWSON

 Subscribed and sworn to before me this 10th day of November, 1960. 
  

	
	 /s/    ROBERT D.
FISHER

	NOTARY PUBLIC
	My commission expires December 1, 1965
	
	 NOTARIAL
 SEAL    

  

 9 

					
	 COMMONWEALTH OF
 MASSACHUSETTS
 COUNTY OF SUFFOLK
	  	 }
	  	ss.:

 On this 10th day of November, 1960, before me personally appeared J. J. WALSH
and E. K. FIELDING, to me known to be a Vice President and an Assistant Secretary, respectively, of OLD COLONY TRUST COMPANY, one of the corporations that executed the within
and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation for the uses and purposes therein mentioned, and on oath stated that they were authorized to execute and attest said
instrument, and that the seal affixed is the corporate seal of said corporation. 
 IN WITNESS
WHEREOF I have hereunto set my hand and affixed my official seal the day and year first above written. 
  

	
	 /s/    ROBERT D. FISHER

	NOTARY PUBLIC
	My commission expires December 1, 1965

 NOTARIAL 
     SEAL 
  

 10 

 (9531) 

 TO COUNTY AUDITOR: 
 This instrument is supplemental to a mixed real and chattel mortgage. Record as real estate mortgage and file and index as chattel mortgage. 

 

	
	OLD COLONY TRUST COMPANY, TRUSTEE
	
	 /S/    E. K. FIELDING

	Assistant Secretary

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