Document:

Forty-First Supplemental Indenture, dated December 1, 1954

 Exhibit 4.4 
  

 
  
 PUGET SOUND POWER & LIGHT COMPANY 
 TO 
 OLD COLONY TRUST COMPANY, 
 OF BOSTON, 
                                         
                                         
               TRUSTEE 
  
  
 FORTY-FIRST SUPPLEMENTAL
INDENTURE 
 Dated as of December 1, 1954 
  
  
 Supplemental to and modifying
First Mortgage 
 Dated as of June 2, 1924. 
 (Not Part of Indenture) 
  
  
  

 THIS FORTY-FIRST SUPPLEMENTAL INDENTURE, made as of the first day of December, 1954, 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 issued or to be issued in one or more series, all as more fully provided in the Original Mortgage; and 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee forty indentures supplemental to the Original Mortgage, the latest thereof
being the Fortieth Supplemental Indenture dated as of September 1, 1954; and 
 WHEREAS, there have been duly executed, certified and delivered from time to time pursuant to the provisions of the Original Mortgage, as from time to time supplemented and modified, Bonds designated as Series A, Series B, Series C and
Series D, Series E 6%, and First Mortgage Bonds, 4 1/4% Series due December 1, 1972, First Mortgage Bonds, 3 1/4% Series due March 1, 1977 and First Mortgage Bonds, 3 1/2% Series due 1984, all of which Bonds have been retired and cancelled or payment duly and irrevocably provided therefor, except (a) Seven Million Dollars ($7,000,000) principal amount of
Bonds designated as Series E 6%, which have been certified and delivered by the Trustee and are now held by the Company but have not been sold or otherwise disposed of by the Company and which shall be used hereafter by the Company only pursuant to
Section 5.04 and only for the purposes set forth in Clauses (1) and (2) of Section 5.05 of the Twenty-fifth Supplemental Indenture until required to be surrendered to and cancelled by the Trustee in accordance with the provisions
of Part II of the Fortieth Supplemental Indenture, and (b) Twenty-five Million Dollars ($25,000,000) principal amount of First Mortgage Bonds, 3 1/2% Series due 1984, which are now outstanding; and 

 WHEREAS, the Company has, since the execution and delivery of the Original Mortgage, acquired and/or
constructed certain Additional Property and certain betterments, improvements, developments, extensions and additions to the property described in the Original Mortgage and in the indentures supplemental thereto heretofore executed and delivered to
the Trustee by the Company, and desires effectually to subject to the lien of the Original Mortgage, as heretofore and hereby supplemented and modified, and as the same may be modified pursuant to Part II of the Fortieth Supplemental Indenture, all
such Additional Property, betterments, improvements, developments, extensions and additions; 
 NOW, THEREFORE, THIS FORTY-FIRST SUPPLEMENTAL
INDENTURE WITNESSETH: 
 That, pursuant to and in execution of the powers, authorities and obligations conferred, imposed and reserved in the
Original Mortgage, as heretofore and hereby supplemented and modified, 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 (and
premium, if any) and interest of the bonds issued and to be issued under the Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental 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
Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental 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 Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental Indenture, and to said Trustee and its
assigns forever, for the uses and purposes created by the Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental Indenture, all property, real, personal
or mixed, including all rights, privileges, easements, licenses and franchises, described in the Original Mortgage 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 Original Mortgage, as heretofore and hereby supplemented and modified, 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 Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental Indenture, is subjected or intended to be
subjected to the lien thereof, 
  

 –2– 

 excepting from the foregoing, however, all property included within the fore-going general description, whether now owned
or hereafter acquired, which by the provisions of the Original Mortgage, as heretofore and hereby supplemented and modified, is excepted or to be excepted from the conveyance and mortgage thereby made or which has heretofore been released from the
lien of the Original Mortgage, as heretofore and hereby supplemented and modified, or otherwise disposed of by the Company free from the lien of the Original Mortgage, as heretofore and hereby supplemented and modified, in accordance with the
provisions thereof: 
 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: 
 KING COUNTY 
  

															
	 	  	 	  	 	  	 	  	 	  	 	  	Recorded
	 Sec.
	  	Twp.	  	Rge.	  	 Description
	  	 Grantor
	  	Date	  	Vol.	  	Page
	19	  	21N	  	5E	  	South 150 feet of the West 3 acres of the following: The South half of Gov. Lot 8, EXCEPT the westerly 30 feet conveyed to King County for roads recorded under Auditor’s file Nos. 1960102
and 2749760. TOGETHER with portion of abandoned river bed adjacent thereto and lying North of the center line of South 340th St., (12th St. Southeast) extended, and East of the east line of 96th Ave. South (M Street, Southeast), situate in the City
of Auburn.	  	Minnie Giesker, in her sole, separate, and individual capacity	  	9-15-54	  	3393	  	246

  

 –3– 

 WHATCOM COUNTY 
  

															
	 	  	 	  	 	  	 	  	 	  	 	  	Recorded
	 Sec.
	  	Twp.	  	Rge.	  	 Description
	  	 Grantor
	  	Date	  	Vol.	  	Page
		  		  		  	 A triangular tract of land bounded as follows: On the Southwest by the Northeast line of York Street; on the Northwest by the Southeast line of Elk
Street (now State Street) as said street is now improved and occupied; on the East by the East
 line of the E. C. Fitzhugh Donation Claim, situate in the
City of Bellingham.
	  	Russell E. Lind and Ida C. Benton	  	8-12-54	  	399	  	735

 TO HAVE AND TO HOLD all and singular the said premises, properties, shares, franchises, rights and
income and also all other property and interest of any kind and of every nature that, by virtue of any provision hereof or of the Original Mortgage or otherwise, has or shall hereafter become subject to the Original Mortgage, as heretofore and
hereby supplemented and modified and as the same may be modified pursuant to Part II of the Fortieth Supplemental 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 Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental
Indenture, and to secure the payment of such bonds and the interest thereon, in accordance with the provisions of said bonds and of the Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to
Part II of the Fortieth Supplemental 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 (and premium, if any) and interest of every such
bond shall be equally and proportionately secured by the Original Mortgage, as heretofore and hereby supplemented and modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental 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 Original Mortgage, as heretofore and hereby supplemented and
modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental Indenture, and under and subject to the provisions and conditions and for the uses hereinafter and in the Original Mortgage, as heretofore supplemented and
modified, and as the same maybe modified pursuant to Part II of the Fortieth Supplemental Indenture, set forth. 
  

 –4– 

 Although this Forty-first Supplemental Indenture is dated for convenience and for the purpose of
reference as of December 1, 1954, the actual date or dates of execution by the Company and by the Trustee are as indicated by their respective acknowledgments hereto annexed. 
 In order to facilitate the recording and filing of this Forty-first Supplemental Indenture, the same maybe simultaneously executed in several
counterparts and each shall be deemed to be an original and such counter-parts shall together constitute but one and the same instrument. 
 IN WITNESS WHEREOF, Puget Sound Power & Light Company has caused this Forty-first 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 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-first 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 6th day of
December, 1954, but as of the day and year first above written. 
  

							
	Attest:	  		  	PUGET SOUND POWER & LIGHT COMPANY
				
	 /s/    WALTER S. ZACHARY
	  		  	By	  	 /s/    C. PATRICK JOHNSON

	Assistant Secretary	  		  		  	Vice President
				
	Puget Sound Power & Light Company	  		  		  	
	Massachusetts 1912	  		  		  	
	(Corporate Seal)	  		  		  	
			
	Attest:	  		  	OLD COLONY TRUST COMPANY
				
	 /s/    R. D. FISHER
	  		  	By	  	 /s/    H. S. PARKER

	Assistant Secretary	  		  		  	Vice President
				
	Old Colony Trust Company	  		  		  	
	Boston	  		  		  	
	Incorporated 1890 Mass.	  		  		  	
	(Corporate Seal)	  		  		  	

  

 –5– 

					
	STATE OF WASHINGTON	  	)	  	
		  	)	  	SS
	COUNTY OF KING	  	)	  	

 On this 6th day of December, 1954, before me personally appeared C. P. Johnson and Walter S.
Zachary, to me known to be a Vice President and an Assistant Secretary, 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. 

 

			
	H. E. Klein, Notary Public	  	 /s/    H. E. KLEIN

	 State of Washington
 Commission expires Mar. 15, 1956
 (Notarial Seal)
	  	 Notary Public in and for the State
 of Washington,
residing at Seattle

  

					
	STATE OF WASHINGTON	  	)	  	
		  	)	  	SS
	COUNTY OF KING	  	)	  	

 C. P. Johnson and Walter S. Zachary, being duly sworn each for himself on oath deposes and says
that he, the said C. P. Johnson is and at the time of the execution of the foregoing Supplemental Indenture was a Vice President of Puget Sound Power & Light Company, a corporation and the mortgagor therein named, and the same person who as
such Vice President executed said Supple-mental Indenture in behalf of said corporation; that he, the said Walter S. Zachary is and at the time of the execution of said Supplemental Indenture was an Assistant Secretary of said corporation, the said
mortgagor, and the same person who as such Assistant 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. 
  

			
		 	 /s/    C. P. JOHNSON

		
		 	 /s/    WALTER S. ZACHARY

 Subscribed and sworn to before me this 6th day of December, 1954 
  

			
	H. E. Klein, Notary Public	  	 /s/    H. E. KLEIN

	 State of Washington
 Commission expires Mar. 15, 1956
 (Notarial Seal)
	  	 Notary Public in and for the State
 of Washington,
residing at Seattle

  

 –6– 

					
	COMMONWEALTH OF MASSACHUSETTS	  	)	  	
		  	)	  	SS
	COUNTY OF SUFFOLK	  	)	  	

 On this 8th day of December, 1954 before me personally appeared H. S. Parker and R. D. Fisher, 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	  	 /s/    JOHN J. WALSH

	 Notary Public for the
 Commonwealth of
 Massachusetts U.S.A.
 (Notarial Seal)
	  	 Notary Public
  
 My commission expires November 5, 1960

  

 –7– 

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

	
	OLD COLONY TRUST COMPANY, Trustee
	
	 /s/    R. D. FISHER

	Assistant SecretaryForty-Second Supplemental Indenture, dated July 1, 1957

 Exhibit 4.5 
  
  
 PUGET SOUND POWER & LIGHT COMPANY

 TO 
 OLD COLONY
TRUST COMPANY, 
 OF BOSTON, 
                                         
                                    TRUSTEE.

  
  
 Forty-Second Supplemental Indenture 
 Dated as of July 1, 1957 
  
  
 Relating to an Issue of First Mortgage Bonds, 6 1/4% Series 
 Due July 1, 1987 
  
  
 Supplemental to Indenture
dated as of June 2, 1924, 
 as supplemented and modified 
  
  
 (NOT PART OF INDENTURE) 

 THIS FORTY-SECOND SUPPLEMENTAL INDENTURE, made as of the first day of July, 1957, 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 

  

 1 

 
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 further
modifications of the Revised First Mortgage, effective upon obtaining approval of such modifications by the holders of at least two-thirds of each class of stock of the Company outstanding and entitled to vote and upon the taking of other
appropriate action to make such modifications effective; and 
 WHEREAS, in Part II of the Fortieth Supplemental
Indenture, it was agreed by the Company, the Trustee and the holders of the Bonds of the 1984 Series, that the Revised First Mortgage should be modified by striking out (i) the provisions relating to property excepted from the lien of the
Revised First Mortgage contained in the Granting Clauses thereof, and (ii) all Articles of the Original Mortgage and all Articles contained in the First to the Thirty-ninth Supplemental Indentures, inclusive, and Articles I, III and IV of Part
I of the Fortieth Supplemental Indenture, and substituting in lieu of said provisions and Articles, Articles One to Twenty, inclusive, of Part II of the Fortieth Supplemental Indenture, upon receipt by the Trustee of 
  

	 	A.	A certificate by the Clerk, Secretary or Assistant Secretary of the Company, that the holders of two-thirds of each class of stock of the Company outstanding and entitled to vote,
at a meeting duly called for the purpose, had duly adopted a vote (which vote should be set out in the certificate) authorizing the further modifications described above; 

  

	 	B.	All of the Seven Million Dollars ($7,000,000) principal amount of First Mortgage Bonds, Series E 6%, theretofore certified and delivered by the Trustee pursuant to the First
Mortgage (hereinafter sometimes called the “Series E Bonds”), for cancellation by the Trustee; and 

  

 2 

	 	C.	An opinion of counsel as to compliance with conditions precedent which should also state that the Company had taken all the necessary corporate action to authorize the modification
of the Revised First Mortgage as provided in Part II of the Fortieth Supplemental Indenture; 

 and it was further provided therein that such
modifications should become effective as of the close of business on the day on which the receipt by the Trustee of the certificate, the Series E Bonds and opinion of counsel provided for in Subdivisions A, B and C aforesaid had been completed
(referred to therein and herein as the “effective modification date”) and that thereafter the holders of all Bonds of any series then issued and outstanding would be subject to and be bound by such modifications; and 
 WHEREAS, the Trustee on October 20, 1955 duly received the certificate, Series E Bonds, and opinion of counsel required to authorize
the modifications of the Revised First Mortgage as provided in Part II of the Fortieth Supplemental Indenture, and the Company has taken all other action required therein to cause such modifications to become effective and the Trustee on
November 14, 1955 executed and delivered to the Company an instrument releasing from the lien of the Revised First Mortgage, as modified by Part II of the Fortieth Supplemental Indenture (the Revised First Mortgage as so modified by the
Fortieth Supplemental Indenture being sometimes therein 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) the properties to be excepted as provided in Article Twenty thereof; and 
 WHEREAS, the Company, in compliance with covenants contained in the Indenture, has also caused to be filed as a chattel mortgage and to be recorded as a real estate mortgage in the offices of the County Auditors in all
Counties in the State of Washington, in which the Fortieth Supplemental Indenture has been filed and recorded, a duly executed and acknowledged instrument stating that the modifications provided for in Part II of the Fortieth Supplemental Indenture
had 

  

 3 

 
become effective and specifying the effective modification date, to wit, October 20, 1955 and the taking of all other action required in connection
therewith; and 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee a Forty-first Supplemental
Indenture, dated as of December 1, 1954, mortgaging, pledging, conveying, transferring and assigning to the Trustee and subjecting 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, all Bonds of any series heretofore executed, certified 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, 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, 6 1/4% Series due July 1, 1987 (hereinafter sometimes called “Bonds of the
1987 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, since the execution and delivery of the Forty-first Supplemental Indenture, has
acquired or constructed certain additional property and made certain betterments, improvements, and additions to the mortgaged property; and 
 WHEREAS, the Company desires to execute and deliver this Forty-second 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 since the execution and delivery of the Forty-first Supplemental Indenture, (b) providing for the creation of a new series of Bonds, designating the series to be
created and specifying 

  

 4 

 
the form and provisions of the Bonds of such series, (c) adding to the Indenture other covenants and agreements to be hereafter observed by the Company,
(d) conforming the provisions of the Indenture to the requirements of the Trust Indenture Act of 1939, and (e) making provision for correcting defective provisions in the Indenture; 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 1987 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, as heretofore supplemented and as further supplemented by this Forty-second Supplemental Indenture, a valid and
binding mortgage for the security of all of the Bonds in accordance with its and their terms; 
 NOW,
THEREFORE, this Forty-second 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, as heretofore and as the same may be supplemented, 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 

  

 5 

 
in the trust created by the Indenture as heretofore and hereby supplemented, and to said Trustee and its assigns forever, for the uses and purposes created
by the Indenture, as heretofore and hereby supplemented, 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, as heretofore and hereby supplemented, 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, as heretofore and hereby supplemented, 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, as heretofore and hereby supplemented, is excepted or to be excepted from the
conveyance and mortgage of the Indenture, as heretofore and hereby supplemented, or which has heretofore been released from the lien of the Indenture, as heretofore and hereby supplemented, or otherwise disposed of by the Company free from the lien
of the Indenture, as heretofore and hereby supplemented, in accordance with the provisions thereof: 
 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: 
  

 6 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	ISLAND COUNTY	  		  		  	
							
	15 	  	29*	  	3E*	  	That portion of the N 1/2 of the W 14 acres of the S 1/2 of the SE 1/4 of the SE 1/4 lying east of the State Highway	  	 W. T. Schlanbusch
 May 3, 1955
	  	83	  	75
							
		  		  		  	JEFFERSON COUNTY	  		  		  	
					
	Plat of Junction City, per plat in Vol. 2 of Plats, Page 103	  	Lots 11 and 12 in Block 147	  	 Chester L. Northup and wife; Archie C. Thomas and wife, and Lillian M. Witzke Balcom
 July 26, 1955
	  	140	  	562
							
		  		  		  	KING COUNTY	  		  		  	
					
	Bellevue Acre and Half- Acre tracts (per plat in Vol. 11 of Plats, Page 35)	  	That portion of Tracts 1, 2 and 3 lying west of Bellevue Way Southeast and lying south of a line commencing on the west line of Tract 1, 90 feet north from the SW corner of said Tract 1, and
extending easterly at right angles to west line of Tract 1 to the west line of Bellevue Way Southeast	  	 H. R. McKeever and Martha Jane McKeever, his wife
 Aug.
31, 1956
	  	3610	  	96
					
	Cheriton Fruit Gardens, Plat No. 1, per plat in Vol.              of Plats, Page 47	  	N 1/2 of N 1/2 of Tract 3, Block 2, EXCEPT the E 250 ft. thereof; SUBJECT to easement for sewer pipe line or lines over and across said property, to
Bellevue sewer district, a municipal corporation, recorded August 18, 1954 under Auditor’s File No. 4476720	  	 Seattle-First National Bank as Trustee
 July 28, 1955

	  	3489	  	643
					
	Cheriton Fruit Gardens, Plat No. 1, per plat in Vol.              of Plats, Page 47	  	S 1/2 of N 1/2 of Tract 3, in Block 2, EXCEPT the E 240 ft. of S 110 ft. thereof; and EXCEPT the E 250 ft. of that portion lying N of a line drawn parallel
to and 110 ft. N of the S line of said N 1/2 of Tract 3	  	 Donald R. Ritter and Marian Ritter, his wife
 July 6,
1955
	  	3485	  	104
					
	Cheriton Fruit Gardens, Plat No. 1, per plat in Vol.              of Plats, Page 47	  	S 1/2 of Tract 3 in Block 2, EXCEPT the E 230 ft. of the N
100 ft., and EXCEPT the E 30 ft. thereof deeded to King Co. for road by deeds recorded under Auditor’s File Nos. 913743 and 913775, records of King Co., Wn., SUBJECT to easement to Bellevue sewer district for pipe
line across said property as granted in instrument recorded Aug. 18, 1954 under Auditor’s File No. 4476721	  	 Seattle-First National Bank as Trustee
 July 28, 1955

	  	3489	  	643
					
	Grove Addition to Des Moines per plat in Vol. 4 of Plats, Page 83	  	Lots 1, 2, 3 and 4, Block 37, and West  1/2 of vacated street adjacent on
the East, EXCEPT portion taken for Des Moines Way	  	 Emelie Buxel
 March 15, 1956
	  	3555	  	643

  

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

  

 7 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	KING COUNTY (Continued)	  		  		  	
					
	Vitus Schmid’s East Seattle Acre Tracts, per plat in Vol. 7 of Plats, Page 76	  	W 100 ft. of Lots 1 and 2; and W 100 ft of N 60 ft. of Lot 3; ALL in Block 8	  	 Harry B. Luckenbach and Frances Elzina Luckenbach, his wife

 December 4, 1954
	  	3416	  	188
							
	18	  	21	  	5E	  	Beginning on the south line of Sec. 18, distant 1000 feet from the southeast corner thereof; thence west along said south line 284.84 feet, more or less, to the east line of “M” St.
SE, in the City of Auburn, Washington; thence north along said east line 450 feet; thence east parallel with the south line 120 feet; thence north parallel with “M” St. SE, 90 feet; thence east parallel with the south line to intersect a
line drawn from point of beginning to a point on the south line of Northern Pacific Railway (Palmer cutoff), distant 920 feet east from the dividing line between the southeast quarter of the southeast quarter and Gov’t. Lot 14; thence
southwesterly along said intersected line to point of beginning	  	 Sam C. Mathiesen and Nellie B. Mathiesen, his wife

 August 31, 1956
	  	3609	  	31
							
	  9	  	22	  	4E	  	The N 1/2 of the SE 1/4 of the SE 1/4 of the SE 1/4, EXCEPT the east 30 feet, and the W 30 feet for
roads	  	James Derezes and George Derezes
May 16, 1956	  	3577	  	108
	 (Tr. 22 of East Des
 Moines 5-acre Tracts
unrecorded)
	  	  	  	  
							
	  9	  	22	  	4E	  	The S 1/2 of the NE 1/4 of the SE 1/4 of the SE 1/4, EXCEPT the E 30 ft. thereof for road, and EXCEPT the N 45 ft. for road
conveyed to King County by deed recorded under Auditor’s file No. 2717363	  	Martin C. Watkins and Bernice T. Watkins, his wife, and Clarence S. Watkins
May 17, 1956	  	3577	  	106
	 (Tr. 23 of East Des
 Moines 5-acre Tracts
unrecorded)
	  	  	  	  
							
	  9	  	22	  	4E	  	The W 30 ft. of the N 1/2 of the SE 1/4 of the SE 1/4 of the SE 1/4	  	 Thomas C. Evetts and Edith M. Evetts, his wife
 February
20, 1957
	  	3654	  	232
							
	  9	  	22	  	4E	  	That portion of the SE 1/4 of the SW 1/4 which lies south of Fred Russell County Road (S 223rd St.) and east of a line drawn from a point 711.12 ft. east of the SW corner
to point 711 ft. east of the NW. corner of said tract; EXCEPT the easterly 30 ft. thereof conveyed to King County for road purposes by deed recorded under Auditor’s file No. 787611, records of said
county	  	 Jake C. Biemond and Nola N. Biemond, his wife

 August
28, 1956
	  	3606	  	373

  

 8 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	KING COUNTY (Continued)	  		  		  	
							
	  9	  	22	  	4E	  	The E 270 ft. of the N 1/2 of the SW 1/4 of the SE 1/4 of the SE 1/4, EXCEPT the S 82 ft. of the W 120 ft. thereof. SUBJECT to easement for
electric transmission line recorded under Auditor’s file No. 4714352, records of said county and SUBJECT to reservations contained in deed dated Oct. 22, 1906, recorded under Auditor’s file No. 432435, records of said county
	  	 Arthur D. Cox and Elsie L. Cox, his wife

 February
25, 1957
	  	3656	  	48
							
	10	  	22	  	4E	  	That portion of the SW 1/4 of the SW 1/4 of Sec. 10, Twp. 22 N, Range 4 E, W.M., described as follows: Beginning at the SW corner of said subdivision; thence N 88°
38’ 20” E along S line thereof 380.40 ft. to the westerly line of New Military Road; thence N 0° 47’ 40” E along said westerly line 355.80 ft. to true point of beginning of this description; thence continuing N 0°
47’ 30” E 100 ft.; thence S 88° 48’ 30” W 386.63 ft.; more or less, to the W line of the SW 1/4 of the
SW 1/4; thence S along said westerly line 100 ft. to a point from which the true beginning bears N 88° 48’ 30” E;
thence N 88° 48’ 30” E 385.24 ft., more or less, to true beginning; (BEING KNOWN as the S 10 ft. of Tract 8, and the N 90 ft. of Tract 9, of Richard’s Grand View Acre Tracts, an unrecorded
plat).	  	D. M. Lancaster & Marion C. Lancaster, his wife
May 16, 1956	  	3577	  	107
	Richard’s Grand View Acre Tracts, unrecorded)	  	  	  	  
							
	27	  	23	  	4E	  	Beginning at a point on the W line of Sec. 27, Twp. 23 N, Range 4 E, WM., distant S 0° 01’ 11” W 1835.29 ft. from the NW corner of said Sec. 27, and running thence S
89° 59’ 10” E 2245.00 ft.; thence S 0° 01’ 11” W 1890.00 ft.; thence S 89° 59’ 10” E 1060.00 ft. to the true point of beginning of this description; thence continuing S 89° 59’ 10” E 206.90 ft.
to the southwesterly margin of the Military Road; thence along the said southwesterly margin S 25° 10’ 50” E 151.96 ft.; thence N 89° 59’ 10” W 271.6 ft.; thence N 0° 01’ 11” E 137.5 ft. to the true point of
beginning; EXCEPT the W 106.9 ft. thereof; (Being known as Lots 1 and 2, Block 21, McMicken Heights, Div. #2, unrecorded,	  	Charles J. Boe and Zada Kathryn Boe, his wife
February 15, 1955	  	3442	  	602
	McMicken Heights, Div., unrecorded)	  	  	  	  

  

 9 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	KING COUNTY (Continued)	  		  		  	
							
		  		  		  	EXCEPT the W 106.9 ft. thereof), SUBJECT to restrictions contained in instrument recorded under File #3161972; and right of the public to make all necessary slopes
for cuts or fills	  		  		  	
							
	29	  	23	  	4E	  	That portion of the S 8.5 acres of that portion of the SW 1/4 of the
SW 1/4 lying E of County Road, described as follows: Beginning at a point on the east line of said SW 1/4 of the SW 1/4, distant 741.57 ft. N 1° 8’ 30” E from the SE corner of said SW 1/4 of the SW 1/4; thence westerly 515.1 ft., more or less, to a point on the E line of County Road, distant N 24° 53’ 00” W 770.25
ft. from the intersection of said E line with the S line of said SW 1/4 of the SW 1/4; thence along said E line N 24° 53’ 00” W 178.8 ft.; thence easterly 594.1 ft., more or less, to a point on the E line of said SW 1/4 of the SW 1/4, distant 162.5 ft. N from the point of beginning; thence S 1° 8’ 30” W 162.5 ft. to the point of beginning	  	 Adrian C. Eidinger and Leona M. Eidinger, his wife
 July
19, 1956
	  	3594	  	435
							
	  5	  	23	  	6E	  	A strip of land in Lots 3 and 4 and SW 1/4 of the NW 1/4 of Sec. 5, Twp. 23 N of Range 6 E, WM, of the width of 100 ft. lying on the Southerly side of and contiguous to the strip of land
conveyed by the Northern Pacific Railway Company to William T. Baker by deed dated February 28, 1899	  	 C. M. St. P. & Pac. Ry. Co.
 July 27,
1955
	  	3522	  	223
							
	10	  	23	  	8E	  	The S 140 ft. of the N 165 ft. of that portion of the NE 1/4 of the
SW 1/4 lying Southwesterly of the Chicago Milwaukee, Railway right of way, EXCEPT the W 25 ft. for County Road
	  	 Cecil E. Crandall and Annabelle Crandall, his wife
 April
11, 1956
	  	3579	  	367
							
	28	  	24	  	5E	  	The south 100 ft. of the N 929.87 ft. of the E 200 ft. of the W 230 ft. of the SW 1/4 of the NW 1/4	  	 Pavla Vogt
 March 9, 1956
	  	3556	  	145
							
	30	  	24	  	5E	  	S 120 ft. of N 150 ft. of E 120 ft. of the W 1/2 of the NE 1/4 of the SW 1/4 of the NW 1/4	  	 Mercer Island Golf & Country Club
 April 12, 1955

	  	3457	  	163

  

 10 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	KING COUNTY (Continued)	  		  		  	
							
	31	  	24	  	7E	  	A strip of land in the N 1/2 of the NE 1
/4, NE 1/4 of the NW 1/4, and Lot 1 of Sec. 31, Twp. 24 N, Range 7 E, WM, 100 ft in width, lying on the Southerly side of and contiguous to the strip of
land conveyed by the Northern Pacific Railway Company to William T. Baker in deed dated February 28, 1899	  	 C. M. St. P. & Pac. Ry. Co.
 July 27,
1955
	  	3522	  	223
							
	35	  	24	  	7E	  	A strip of land in the N 1/2 of the NE 1
/4 and the NE 1/4 of the NW 1/4 of Sec. 35, Twp. 24 N, R 7 E, WM, of the width of 50 ft. lying on the Southerly side of and contiguous to the strip of land
conveyed by the Northern Pacific Railway Company to William T. Baker in deed dated February 28, 1899	  	 C. M. St. P. & Pac. Ry. Co.
 July 27,
1955
	  	3522	  	223
							
	35	  	24	  	7E	  	A strip of land in the NW 1/4 of the NW 1
/4 of said Sec. 35, of the width of 100 ft. lying on the southerly side of and contiguous to the strip of land conveyed by the Northern Pacific Railway Company
to William T. Baker in deed dated February 28, 1899	  	 C M. St. P. & Pac. Ry. Co.
 July 27,
1956
	  	3522	  	223
							
	1  	  	26	  	6E	  	That portion of the N 150 ft. of the NE 1/4 of the NE 1/4 and of the NW 1/4 of the NE 1/4, lying easterly of the Redmond-Cottage Lake County Road, and W of a N and S line 100 ft. E measured along
the N line of said Sec. 19, from its intersection with the easterly margin of said county road, SUBJECT to an easement for road over the N 20 ft. thereof	  	 O. T. Dean and Ella Dean, his wife
 March 19,
1956
	  	3556	  	450
							
		  		  		  	KITSAP COUNTY	  		  		  	
							
	15	  	26	  	1E	  	That part of Gov’t Lot 4 described as follows: Commencing at the SW corner of said Gov’t Lot 4; thence S 88° 28’ E 451.07 ft. to the E margin of State Highway No 21; thence
northeasterly along the E margin of said State Highway No. 21 a distance of 395.1 ft., more or less, to the intersection of the E margin of State Highway No. 21 and the S margin of the County Road; thence E along the S margin of the County Road a
distance	  	 Nels Tornensis
 January 14, 1956
	  	628	  	38

  

 11 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	 Deed Records

	 (or plat name)
	  	 Description
	  	 Deed From
	  	 Vol.
	  	 Page

		  		  		  	KITSAP COUNTY (Continued)	  		  		  	
							
		  		  		  	of 132.0 ft. to the true point of beginning; thence S 0° 21’ W 100 ft.; thence S 89° 34’ E 100 ft.; thence N 0° 21’ E 99 ft., more or less, to the S margin of the
County Road; thence W along the S margin of the County Road 100 ft. to the point of beginning	  		  		  	
							
	  8	  	24	  	1E	  	That portion of the NW 1/4 of the NW 1/4 lying westerly of Permanent Highway No. 9, northerly of Permanent Highway No. 10, and southerly of a line drawn N 89° 34’
W from a point on the westerly line of said Permanent Highway No. 9 which is S 14° 20’ W 750 ft. from its intersection with the N line of said subdivision	  	 Sadie Bowes
 November 4, 1955
	  	623	  	38
					
	Gale and Miller’s Addition to Bremerton, per plat in Vol. 4 of Plats, Page 66	  	Lots 7, 8 and 9, in Block 4	  	 Mildred Chambers Ruth, Executrix of the Estate of Riley Chambers, deceased, and Herbert R. Chambers
 February 15, 1956
	  	626	  	645
							
		  		  		  	KITTITAS COUNTY	  		  		  	
							
	20	  	20	  	14E	  	That portion of the W 1/2 of the NW 1/4 described as follows: Beginning at the SW corner of said NW 1/4; thence E711 ft.; thence N 3° 30’ W 670 ft.; thence N 22° 45’ W 300 ft.; thence N 32° 15’ W 412 ft.; thence N 71° 00’ W 342 ft.; thence S 1402 ft. to point
of beginning, EXCEPT the S 950 ft. thereof, and EXCEPT the W 250 ft. thereof; SUBJECT to an easement for road as now located over the northerly portion of said tract	  	 Bert R. Malm and Irene Malm, his wife
 June 19,
1956
	  	98	  	150
							
	33	  	18	  	18E	  	That portion of the SW 1/4 of the SW 1/4 lying southeasterly of Hanson County Road, and northeasterly of Brown County Road, and northwesterly of a line 100 ft.
southeasterly of, measured at right angles to, the southeasterly margin of said Hanson County Road	  	 Roy F. Dyer and Anna M. Dyer, his wife
 January 19, 1955

	  	95	  	88
							
		  		  		  	PIERCE COUNTY	  		  		  	
							
	  1	  	19	  	2E	  	That portion of the S 13 rods of Gov’t Lot 2, lying westerly of the Old Pacific Highway South	  	 Erwin D. Strehlau and Mary C. Strehlau, his wife
 September 13, 1956
	  	1122	  	448

  

 12 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	KITSAP COUNTY (Continued)	  		  		  	
							
	31	  	19	  	5E	  	Beginning at a point on the westerly line of Calistoga Avenue in the Town of Orting, 15 ft. S of the N line of the SE 1/4 of the NE 1/4 of Sec. 31, Twp. 19 N, Range 5 E, WM; thence S 42°
40’ west along the westerly line of Calistoga Avenue 244.97 ft. to the southerly city limits line of the town of Orting; thence N 47° 20’ W along said city limits 273.81 ft. to a point 15 ft. S of the N line of said subdivision; thence
E parallel to said subdivision line 367.41 ft. to the point of beginning	  	 Ethel B. Hardtke
 April 4, 1956
	  	1110	  	156
							
	  1	  	19	  	2E	  	Beginning at the SE corner of Lot 3; thence N 13 rods; thence W 24.08 rods; thence S 13 rods; thence E along S line 24.08 rods to point of beginning, EXCEPT roads	  	 James H. March
 January 16, 1956
	  	1104	  	408
							
	15	  	20	  	2E	  	Beginning at a point 155 ft. W of the SE corner of the SW 1/4; thence
northerly 140 ft.; thence westerly 100 ft.; thence southerly 140 ft.; thence easterly 100 ft. to the point of beginning, EXCEPT roads	  	 David Carsten and Martha Carsten, his wife
 January 30,
1956
	  	1105	  	548
							
	  3	  	20	  	4E	  	W 180 ft. of the S 130 ft. of the SW 1/4 of the SW 1/4 of the SW 1/4, EXCEPT the S 30 ft. and the W 30 ft. for roads	  	 Albert Aufdermauer
 September 24, 1954
	  	1069	  	485
					
	Snell’s Plat of Part of Adam Benston’s Donation Claim, per plat in Vol. 7 of Plats, Page 87	  	Lot 6, EXCEPT roads	  	 Clyde M. Wallace and Etta May Wallace, his wife
 April
20, 1955
	  	1085	  	367
					
	Second Mountain View Addition to the Town of Puyallup, Pierce County, per plat in Vol. 5 of Plats, Page 63	  	Beginning at a point 30 ft. E and 262 ft. N of a stone monument at the center line of 12th St. NW and on the N line of Second Mountain View Addition to the Town of Puyallup, Pierce County,
Washington, according to plat recorded in Book 5 of Plats at page 63; thence continuing N 207.95 ft. to the southerly line of the N. P. RR right of way; thence southeasterly along said right of way 425.39 ft.; thence south parallel to the E line of
12th St. NW 129.61 ft. to within 232 ft. of the N line of Mountain View Addition (Part One) to the Town of Puyallup, according to plat recorded in Book 4 of Plats at page 18; thence northwesterly to point of	  	 L. O. Johnson and Connie Marvin, now Connie Marvin Johnson, his wife
 August 2, 1954
	  	1065	  	535

  

 13 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	PIERCE COUNTY (Continued)	  		  		  	
							
		  		  		  	beginning. EXCEPT S 90.95 ft. thereof and EXCEPT portion of W 100 ft. lying N of S 90.95 ft. thereof.	  		  		  	
							
		  		  		  	SKAGIT COUNTY	  		  		  	
							
	  4	  	34	  	2E	  	 The North  1/2 of the SW 1/4 of the SE 1/4, EXCEPT the following described portions:
  
 (a) Beginning at a point 40 rods N of SW corner of said SW 1/4 of the SE 1/4; thence N along the W line 200 ft.; thence E 653.4 ft.; thence S 200 ft.; thence W 653.4 ft. to the point of beginning.
  
 (b) Beginning at the NE corner of the SW 1/4 of the SE 1/4; thence W on the N line of said
subdivision to a point 422 ft. E of the NW corner of said subdivision; thence S 277 ft.; thence E 315 ft., more or less, to a point 589.6 ft. W of the E line of the SW 1/4
 of the SE 1/4; thence S 140.4 ft.; thence E 589.6 ft. to the E line of said SW 1/4 of the SE 1/4; thence N 417.4 ft. to the point of beginning.
  
 (c) Commencing at a point 1021.28 ft. N of the SW corner of the said SW 1/4 of the SE 1/4 and on the Westerly boundary line thereof, the true point of beginning; thence N on said W line of said SW 1/4 of the SE 1/4 to the NW corner thereof; thence N 89° 55’ E 422 ft.; thence S 0° 52’ W 277 ft.; thence S 89° 55’ W to the poing of beginning.
  
 (d) County road rights of way.
	  	 Nels Nelson and Rose Nelson, his wife

 April 29, 1955

	  	270	  	211
							
	  8	  	34	  	2E	  	Commencing at a point on the Westerly margin of the County Highway 30 ft. W of the N and S center line of said Sec. 8 and 1191.08 ft. N of the center of said Sec. 8; thence N 86° 59’
30” W 660 ft.; thence N 0° l’ 30” E 617.34 ft.; thence N 28° 14’ W 150 ft. to the Southeasterly margin of State Highway No. 15; thence Northeasterly along the Southeasterly margin of said Highway 60 ft.; thence S 28°
14’ E 150 ft.; thence S 86° 48’ E 607.07 ft. to the Westerly margin, of the County Road; thence S 0° 1’ 30” W along the Westerly margin of said County Road 644.92 ft. to the point of beginning	  	 R. D. Turner and Grace Turner, his wife

 July 10,
1956
	  	279	  	529

  

 14 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	SKAGIT COUNTY (Continued)	  		  		  	
							
	13	  	34	  	3E	  	That portion of Gov’t Lot 4 lying Easterly of the County Road and more particularly described as follows: Commencing at a point on the Easterly line of County Road 80.79 ft. southerly from
its intersection with the N line of said Gov’t Lot 4; thence N 86° 45’ 20” E 100 ft.; thence at right angles southerly 100 ft.; thence at right angles Westerly 72.73 ft. to the Easterly margin of the County Road; thence
Northwesterly along the Easterly margin of said County Road 103.65 ft. to the point of beginning	  	 Engvald Sandnes and Merit Sandnes, his wife
 January 23,
1956
	  	276	  	69
							
	19	  	34	  	3E	  	The following described tract of land in the SE 1/4 of the NE 1/4: Beginning at a point on the E right of way line of the LaConner-Bayview road 208.7 ft. N and 35.0’ E of the SW corner of
said subdivision (said point being on the N line of that certain tract conveyed to Rowland Lockhart by deed dated Jan. 30, 1922, and recorded under Auditors File No. 154689); thence N 89° 26’ E parallel to the S line of said subdivision and
along the N line of said Lockhart tract a distance of 100.0 ft.; thence N 0° 23’ 45” W parallel to the W line of said subdivision, 100.0 ft.; thence S 89° 26’ W 100.0 ft. to the E right of way line of said County Road; thence
S 0° 23’ 45” E along said County Road right of way line 100.0 ft. to the point of beginning	  	 Archie F. Peth and Anna Peth, his wife
 December 20, 1955

	  	275	  	373
							
	  6	  	34	  	4E	  	The W 1/2 of the N 1/
2 of the SW 1/4 of the NE 1
/4	  	 Walter L. Becker and Eva J. Becker, his wife
 July 6,
1956
	  	279	  	735
							
	18	  	34	  	5E	  	Beginning at the center of Section; thence N along the center line of said Sec. 18, bearing N 0° 24’ 30” W a distance of 1318.1 ft.; thence N 89° 33’ E 733.35 ft. to the
true point of beginning; thence N 0° 24’ 30” W 202 ft.; thence N 89° 33’ E 202 ft.; thence S 0° 24’ 30” E 202 ft.; thence S 89° 33’ W 202 ft. to true point of beginning	  	 Archie W. Pringle and Claire Pringle, his wife, and Melvin Stakkeland and Catherine Stakkeland
 September 3, 1955
	  	273	  	461

  

 15 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	SKAGIT COUNTY (Continued)	  		  		  	
							
	25	  	35	  	1E	  	A tract of land in the W 1/2 of the NW 1
/4 of the SE 1/4, described as follows :
Beginning at a point on the E right of way line of the Heart Lake Road 453.85 ft. S and 30.0 ft. E of the NW corner of said subdivision; thence E parallel to the N line of said subdivision 150.0 ft.; thence N 0° 04’ W parallel to the W line
of said subdivision 106.64 ft.; thence W 150.0 ft. to the E right of way line of said Heart Lake Road; thence S 0° 04’ E along said road right of way line 106.64 ft. to the point of beginning	  	 City of Anacortes
 May 14, 1956
	  	278	  	601
							
	19	  	35	  	5E	  	That portion of the SW 1/4 of the NE 1/4, described as follows: Beginning at a point on the W side of the County Road along the E side of said subdivision 913.8’ N
1° 52’ W of the S line thereof, said point being on the corner of a fence line running W from said point; thence N 89° 52’ 30” W along said fence line W 100 ft.; thence S parallel to the first described course, 100 ft.; thence
S 89° 52’ 30” E 100’ to the W line of said County Road; thence N 100 ft. to the point of beginning	  	 V. J. Tholstrup and Mae W. Tholstrup, his wife
 March 7,
1956
	  	276	  	768
							
	19	  	35	  	5E	  	Beginning at the SE corner of the NE 1/4 of the SE 1/4 of Sec. 19, said point being in the N right of way line of the F. J. Hoehn County Road; thence W along the N right of way line of
said Hoehn Road 242.5 ft.; thence N 3° 23’ 30” W parallel to the E line of said Sec. 19, 884.1 ft. to the SW line of the Puget Sound Power & Light Company’s property; thence S 36° 57’ 30” E along said Puget Sound
Power & Light Company’s property line, 213.72 ft.; thence N 53° 02’ 30” E along the SE line of the Puget Sound Power & Light Company’s property, 149.9 ft. to the E line of said Sec. 19; thence S 3° 23’
30” E along the E line of said Sec. 19; 803.52 ft. to the point of beginning.	  	 Ray E. Van Fleet and Lexie R. Van Fleet, his wife
 August
24, 1956
	  	280	  	54  

  

 16 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	SKAGIT COUNTY (Continued)	  		  		  	
							
	20	  	35	  	5E	  	Beginning at the SW corner of the NW 1/4 of the SW 1/4 of Sec. 20, said point being in the N right of way line of the F. J. Hoehn County Road; thence E along the N right of way line of
said Hoehn Road, 394.18 ft.; thence N 1135.44 ft. to the SE line of the Puget Sound Power & Light Company’s property; thence S 53° 02’ 30” W along said Puget Sound Power & Light Company’s property line, 552.76 ft. to
the W line of said Sec. 20; thence S 3° 23’ 30” E along the W line of said Sec. 20, 803.52 ft. to the point of beginning	  	 R. E. Van Fleet and Lexle R. Van Fleet, his wife
 August
24, 1956
	  	280	  	542
							
	18	  	36	  	4E	  	A tract of land in the NE 1/4 of the NE 1
/4, described as follows: Beginning at a point on the S line of said subdivision 482.85 ft. W of the SE corner thereof, said point being on the W right of way
line of the old County Road running through said subdivision; thence northwesterly along said County Road right of way line on a 7° curve to the right 100.0 ft., the tangent of the center line of said road bears N 24° 15’ 15” W;
thence N 89° 29’ 15” W parallel to the S line of said subdivision 100.0 ft.; thence southeasterly on a 7° curve to left parallel to the W line of said County Road right of way 100.0 ft. to the S line of said subdivision; thence S
89° 29’ 15” E along the S line of said subdivision 100.0 ft. to the point of beginning	  	 W. B. Garland & Belle Garland, his wife
 December 16,
1955
	  	275	  	363
					
	Greenstreet’s and LeGro’s First Addition, per plat in Vol. 7 of Plats, Page 48	  	Lot 28 and the N 34 ft. of Lot 29	  	 Otto Greenstreet and Hazel M. Greenstreet, his wife, and Gwynne D. Le Gro and Hulda Le Gro, his wife
 January 12, 1956
	  	275	  	785
					
	Pape’s Addition to Mt. Vernon, per plat in Vol. 3 of Plats, Page 59	  	Lot 14, Block 1	  	 Charles McGovern and Albertina McGovern, his wife
 August
20, 1954
	  	264	  	599

  

 17 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	THURSTON COUNTY	  		  		  	
							
		  	18	  	2W	  	That portion of the Northern Pacific Railway Company’s 14 foot right of way for its former Tumwater Branch in the C. Crosby Donation Claim No. 63 in Twp. 18 N, Range 2 W, being
7 ft. wide on each side of the center line of the main track of said branch line as formerly constructed and operated but now removed, lying between an Easterly production of the N line of DesChutes St. (Now DeSoto St.) as shown on the recorded plat
of Tumwater and Southeasterly of Simmons Road (formerly Water Street).	  	 Northern Pacific Railway Company

 November 10, 1954
	  	286	  	126
	(Plat of Tumwater)	  	  	  	  
		  	  	  		  	
		  	  		  		  	
		  	  		  		  	
		  	  		  		  	
		  	  		  		  	
		  	  		  		  	
		  	  		  		  	
					
	Swan Addition to Olympia Plat recorded Vol. 1 of Plats, Page 37	  	Lot 2 and the Westerly half of Lot 3 in Block 14, TOGETHER with that part of vacated Southerly 20 ft. of street adjacent to said property on the N, EXCEPTING
therefrom the Southerly 10 ft. for alley	  	 Ralph N. Clay and Aileen Clay, his wife
 February 8, 1955

	  	288	  	469
					
	Brown’s Subdivision, per plat in Vol. 8 of Plats, at Page 35	  	Lot 4; (said Brown’s Subdivision being a replat of the following: Lots 5, 7, 8 and the S 1/2 of Lot 6, Block 8, and the vacated portion of 8th St. lying between Main and Columbia Streets and Lots 1, 2, 3 and 4 of Block 9, all in Sylvester’s Plat of the Town (now City) of Olympia)	  	 Antillia Bordeaux
 December 12, 1956
	  	307	  	492
					
	Swan’s Addition to Olympia, per plat in Vol. 1 of Plats, Page 37	  	Lot 5 in Block 14, TOGETHER with that part of vacated Southerly 20 ft. of street adjacent to said property on the N; EXCEPTING therefrom the Southerly 10 ft. for
alley.	  	 Richard C. Hicks and Marjorie A. Hicks, his wife
 April
6, 1956
	  	300	  	430
					
	Swan’s Addition to Olympia, per plat in Vol. 1 of Plats, Page 37	  	Lot 10 in Block 16, TOGETHER with the vacated 5 1/2 of
alley adjoining said premises on the N	  	 Delbert O. McPherson
 September 16, 1955
	  	295	  	334
					
	Swan’s Addition to Olympia, per plat in Vol. 1 of Plats, Page 37	  	Lots 8 and 9, in Block 16, TOGETHER with the vacated S 1/2
of alley adjoining said Lot 9 on the N	  	 Wm. H. Burk and Pearl Burk, his wife
 September 16, 1955

	  	295	  	333
					
	Swan’s Addition to Olympia, per plat in Vol. 1 Plats, Page 37	  	Lots 1 and 2, in Block 16, TOGETHER with the vacated N 1/2
of alley adjoining said premises on the S	  	 Gerald Sophy and Marguerite Sophy, his wife
 September
16, 1955
	  	295	  	335
							
		  	18	  	2W	  	The W 233.71 ft. of the S 233.71 ft. of the Agnew Donation Claim No. 67, EXCEPTING THEREFROM the W 25 ft. for County Road known as Friendly Grove Road, and the S 25
ft. for County Road known as Springer Road	  	 Chris Koch
 March 28, 1955
	  	290	  	363

  

 18 

													
	 Sec.
	  	 Twp.
	  	 Range
	  	 	  	 	  	Deed Records
	 (or plat name)
	  	 Description
	  	 Deed From
	  	Vol.	  	Page
		  		  		  	WHATCOM COUNTY	  		  		  	
							
	10	  	40	  	4E	  	Beginning at a point on the E line of Road No. 508, 181.7 ft. N and 30 ft. E of the SW corner of said Sec. 10; thence E 100 ft.; thence S 91.37 ft. to the Northwesterly right of way line of the
N.P. RR.; thence S 59° 37’ W. along the said Northwesterly line of right of way, 115.92 ft. to the E line of Road No. 508; thence N along the E line of Road No. 508, 150 ft. to the point of beginning	  	 John M. Sterk and Bessie Sterk, his wife
 December 30,
1955
	  	412	  	89
							
	 17
 18
	  	 37
 37
	  	 9E
 9E
	  	Gov’t Lots 3 and 6, and the SW 1/4 of the NW 1/4 of Sec. 17, and the SE 1/4 of NE 1/4 of Sec. 18, ALL LESS ROADS.
SUBJECT to the reservation of the right, upon certain terms, to remove merchantable timber	  	 Mary Jane Smith and Gertrude E. Valentine
 June 20, 1956

	  	416	  	694
							
	  2	  	37	  	9E	  	All that part of Gov’t Lot 4 and the SE 1/4 of the NW 1/4 of Sec. 2, lying below the 729 foot contour line and containing 7.36 acres, more or less, less roads.	  	 The Scott Paper Company
 February 15,
1957
	  	422	  	227
							
	  3	  	37	  	9E	  	All that part of Gov’t Lot 1, Sec. 3, lying below the 729 foot contour line and containing 5.75 acres, more or less, less roads.	  	 The Scott Paper Company
 February 15,
1957
	  	422	  	227
							
	33	  	38	  	9E	  	All that part of the NE 1/4 of the SW 1
/4 of Sec. 33, lying below the 729 foot contour line and containing 6.90 acres, more or less, less roads	  	 The Scott Paper Company
 February 15,
1957
	  	422	  	227

 TO HAVE AND TO HOLD all
and singular the said premises, properties, shares, franchises, rights and income 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, as heretofore and hereby supplemented, 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, as heretofore supplemented and as further supplemented by this Forty-second Supplemental Indenture, and to secure the payment of such Bonds and the interest thereon, in
accordance with the provisions of said Bonds and of the 

  

 19 

 
Indenture, as heretofore and hereby supplemented, 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 heretofore and hereby supplemented, 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, as heretofore and hereby supplemented, pursuant to and under
and subject to the provisions and conditions and for the uses hereinafter and in the Indenture, as heretofore and hereby supplemented, set forth; it being hereby agreed as follows, to wit: 
 ARTICLE ONE. 
 Bonds of the 1987 Series and Certain Provisions Relating
Thereto. 
 SECTION 1.01. A. Terms of Bonds of the 1987
Series. There shall be hereby established a series of Bonds, known as and entitled “First Mortgage Bonds, 6 1/4% Series
due 1987” (herein referred to as the “Bonds of the 1987 Series”). The aggregate principal amount of the Bonds of the 1987 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 1987 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 1987 Series will be dated as of July 1, 1957, which date will be the
date of the commencement of the first interest period for all Bonds of the 1987 Series, and the registered Bonds of the 1987 Series without coupons will be dated as provided in Section 3.05 of the Indenture. All Bonds of the 1987 Series shall
mature July 1, 1987, and will bear interest at the rate of 6 1/4% per annum until the payment of the principal thereof,
such interest to be payable semi-annually on January 1 and July 1 in each year. The principal of, and the premium, if any, and interest on, the Bonds of the 1987 Series will 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 

  

 20 

 
successor in trust, or, at the option of the holders of the Bonds of the 1987 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 1987 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 1987 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 1987 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 1987 Series and the registrar and transfer agent of the Company for the purpose of registering and transferring Bonds of the 1987 Series. 
 B. Forms of Bonds of the 1987 Series. The coupon Bonds of the 1987 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: 
 [FORM OF COUPON BOND OF THE 1987 SERIES] 
  

			
	No. M	  	$1,000

 PUGET SOUND POWER & LIGHT COMPANY 
 Incorporated under the Laws of the Commonwealth of Massachusetts 
 FIRST MORTGAGE BOND, 6 1/4%
SERIES DUE 1987 
 DUE JULY 1, 1987 
 PUGET SOUND POWER & LIGHT COMPANY, a corporation organized and
existing under the laws of Massachusetts (hereinafter called the 

  

 21 

 
“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 July 1, 1987, or earlier as hereinafter provided, with interest thereon from July 1, 1957, at the
rate of 6 1/4% per annum, payable semi-annually on the first days of January and July 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-second Supplemental Indenture dated as of July 1, 1957, 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 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 

  

 22 

 
persons are invited by the Company and the holder for the time being hereof 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 July 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %	  	 Twelve Months’ Period Beginning July 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %
	 1957
	  	110.50	  	103.50	  	1972	  	105.45	  	102.50
	 1958
	  	110.50	  	103.45	  	1973	  	105.10	  	102.35
	 1959
	  	110.50	  	103.40	  	1974	  	104.70	  	102.25
	 1960
	  	110.15	  	103.35	  	1975	  	104.30	  	102.15
	 1961
	  	109.75	  	103.30	  	1976	  	103.90	  	102.00
	 1962
	  	109.35	  	103.25	  	1977	  	103.50	  	101.90
	 1963
	  	108.95	  	103.20	  	1978	  	103.15	  	101.75
	 1964
	  	108.60	  	103.10	  	1979	  	102.75	  	101.60
	 1965
	  	108.20	  	103.05	  	1980	  	102.35	  	101.45
	 1966
	  	107.80	  	103.00	  	1981	  	101.95	  	101.25
	 1967
	  	107.40	  	102.90	  	1982	  	101.60	  	101.10
	 1968
	  	107.00	  	102.85	  	1983	  	101.20	  	100.90
	 1969
	  	106.65	  	102.75	  	1984	  	100.80	  	100.70
	 1970
	  	106.25	  	102.65	  	1985	  	100.50	  	100.50
	 1971
	  	105.85	  	102.55	  	1986	  	100.00	  	100.00

 together in any case with interest accrued thereon to the date fixed for redemption, upon prior notice (unless
notice is waived by the 

  

 23 

 
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, 

  

 24 

 
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,
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. 
  

 25 

 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, 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 annexed coupons to be authenticated by a facsimile of the
signature of its Treasurer, all as of the first day of July, 1957. 
  

			
	 PUGET SOUND POWER & LIGHT
COMPANY,

		
	By	 	  

		 	President.
		
	And by	 	  

		 	Treasurer.

 [GENERAL FORM OF INTEREST COUPON APPURTENANT TO 
 COUPON BONDS OF THE 1987 SERIES] 
  

	 $31.25 
	No.              

 On the first day
of                        , 19    , PUGET SOUND
POWER & LIGHT COMPANY, upon surrender hereof, unless the bond mentioned below shall previously have become due and payable and payment shall have been duly provided therefor, 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, 6 1/4% Series due 1987, No. M
            . 
  

	
	  

	Treasurer.

  

 26 

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

					
	 Date of Registration
	  	 Name of Registered Owner
	  	 Signature of Bond Registrar

		  		  	

 [FORM OF REGISTERED BOND OF THE 1987 SERIES WITHOUT COUPONS] 
  

	 No. R 
	$              

 PUGET SOUND POWER & LIGHT COMPANY 
 Incorporated under the Laws of the Commonwealth of Massachusetts 
 FIRST MORTGAGE BOND, 6 1/4% SERIES DUE 1987 
 DUE JULY 1, 1987 
 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 July 1, 1987, or earlier as hereinafter provided, and to pay to said payee, or registered assigns, interest hereon from the date hereof at the rate of 6 1/4% per annum, payable semi-annually on the first days of January and July in each year until payment of the principal hereof.

  

 27 

 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-second Supplemental Indenture dated as of July 1, 1957, 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 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 for the time being hereof 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 

  

 28 

 
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 July 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %	  	 Twelve Months’ Period Beginning July 1
	  	Regular
Redemption
Price %	  	Special
Redemption
Price %
	 1957
	  	110.50	  	103.50	  	1972	  	105.45	  	102.50
	 1958
	  	110.50	  	103.45	  	1973	  	105.10	  	102.35
	 1959
	  	110.50	  	103.40	  	1974	  	104.70	  	102.25
	 1960
	  	110.15	  	103.35	  	1975	  	104.30	  	102.15
	 1961
	  	109.75	  	103.30	  	1976	  	103.90	  	102.00
	 1962
	  	109.35	  	103.25	  	1977	  	103.50	  	101.90
	 1963
	  	108.95	  	103.20	  	1978	  	103.15	  	101.75
	 1964
	  	108.60	  	103.10	  	1979	  	102.75	  	101.60
	 1965
	  	108.20	  	103.05	  	1980	  	102.35	  	101.45
	 1966
	  	107.80	  	103.00	  	1981	  	101.95	  	101.25
	 1967
	  	107.40	  	102.90	  	1982	  	101.60	  	101.10
	 1968
	  	107.00	  	102.85	  	1983	  	101.20	  	100.90
	 1969
	  	106.65	  	102.75	  	1984	  	100.80	  	100.70
	 1970
	  	106.25	  	102.65	  	1985	  	100.50	  	100.50
	 1971
	  	105.85	  	102.55	  	1986	  	100.00	  	100.00

 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 

  

 29 

 
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 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

  

 30 

 
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 

  

 31 

 
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, 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	 	  

		 	President.
		
	And by	 	  

		 	Treasurer.

 [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: 
 In the presence of: 
 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 1987 SERIES] 
 United States Internal
Revenue tax stamps required by law on the issue of the bonds have been affixed to the within mentioned Indenture and duly cancelled. 
  

 32 

 [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 1987 Series.
The Bonds of the 1987 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 1987
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 1987 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 

  

 33 

 
any 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 1987 Series. As a
sinking and improvement fund for the benefit of the holders of the Bonds of the 1987 Series, the Company covenants that it will, subject to the provisions in this Section hereinafter set forth, annually on or before June 30 in each year,
beginning with 1959 and continuing to and including June 30, 1986, 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 1987 Series outstanding on the May 1 next preceding such June 30. 
 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: 
  

 34 

 “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 1987
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-second Supplemental Indenture to the above-mentioned Mortgage, do hereby certify as follows: 
 1. The amount of the sinking and improvement fund payment due on June 30, 19     (here there should be specified the June 30 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 1987 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 1987 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 

  

 35 

 
Redemption Price provided for in, and pursuant to the provisions of, subparagraph (ii) of Clause (b) of Section 1.02 of the Forty-second Supplemental
Indenture, of a principal amount equal to
                                        
$             
 (Here specify Bonds redeemed or Bond credits
therefor.) 
 (iii) Bonds of the 1987 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-second 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 

  

 36 

 
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, 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 Bond credits have been reinstated as provided in Section Four of Article II 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 1987 Series delivered to the Trustee and credited against any sinking and
improvement fund payment and all Bonds of the 1987 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 1987 Series are 

  

 37 

 
outstanding. All Bonds of the 1987 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 in Article Ten of the Indenture, a
principal amount of Bonds of the 1987 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 July 1, of the Bonds so selected. On or before the sinking and improvement fund payment date next preceding such July 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 1987 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 1987
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 1987 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 1987 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 

  

 38 

 
Bonds of the 1987 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 Six of Article II of Part I of the Fortieth Supplemental Indenture, the Company
hereby covenants that the covenants made by the Company in Section Five of Article II of Part I of the Fortieth Supplemental Indenture shall continue in full force and effect so long as any of the Bonds of the 1987 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 1987 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 1987 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; 
  

 39 

 (b) 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 Rocky Reach Project; 
 (c) Supplemental Power Contract, dated November 20, 1956, between Public Utility District No. 1 of Chelan County, Washington and the Company, supplementing and modifying the Power Contracts described in
clauses (a) and (b) above; and 
 (d) All amendments and supplements to, and modifications of, the Power Contracts
described in clauses (a) and (b) above and the Supplemental Power Contract described in clause (c) above entered into from and after the date of the Forty-second Supplemental Indenture. 
 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 1987 Series are outstanding. 
 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, as heretofore supplemented and as further supplemented by this Forty-second Supplemental Indenture, will be Forty-five Million Dollars ($45,000,000), namely, Twenty-five Million Dollars ($25,000,000) principal amount of First Mortgage
Bonds, 3 1/2% Series due 1984, now 

  

 40 

 
issued and outstanding, and Twenty Million Dollars ($20,000,000) principal amount of First Mortgage Bonds, 6 1/4% Series due 1987, to be authenticated and delivered pursuant to Section 2.02 of this Forty-second Supplemental Indenture. Additional Bonds of the 1984 Series and
1987 Series, and of any other series established after the execution and delivery of this Forty-second 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 1987 Series in the aggregate principal amount of Twenty
Million Dollars ($20,000,000) may forthwith, upon the execution and delivery of this Forty-second 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-second 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, shall
be applicable to the Bonds of the 1987 Series to the same extent as if specifically set forth herein. All terms used in this Forty-second 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-second 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 

  

 41 

 
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 (subject to the rights, if any, of condemnors in actions of condemnation pending at
the date of the execution of the Forty-second Supplemental Indenture or judgments thereafter entered therein, and to the rights of the United States of America or municipalities, public utility districts or other authorized agencies, by franchise or
license, or by provision of law, to condemn, purchase or appropriate or recapture the property affected thereby) lawfully seized and possessed of all the trust estate at the date of the execution of the Forty-second Supplemental Indenture except as
herein specifically otherwise stated; that on said date the trust estate is free and clear from all liens and encumbrances other than permitted encumbrances, except as in Section 9.05 of the Indenture specifically otherwise stated; 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 specifically otherwise stated; that it will maintain and preserve the lien of the
Indenture, as heretofore and hereby supplemented, as a first mortgage lien, except as in the Indenture specifically otherwise stated, so long as any of the Bonds issued under the Indenture, and all indentures supplemental thereto 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. The last two sentences of Section 2.11 of the Indenture shall be and hereby are corrected by transferring the words “and for like purposes as is provided in this Indenture in respect of” from
the last sentence to the next to the last sentence of said Section, so that such two sentences shall read as follows: 
 “Subject to the
foregoing, the net proceeds of the sale or maturity of deposited obligations (including cash deposited to make up any deficiency as aforesaid) shall be paid out or applied by the Trustee in like manner and for like purposes as is provided in this
Indenture in respect of the cash for which such obligations were substituted. The deposited obligations while 

  

 42 

 
held by the Trustee, and the net proceeds of the sale or maturity thereof (including cash deposited to make up any deficiency as aforesaid) until so paid out
or applied shall constitute part of the trust estate.” 
 SECTION 3.05. The Company covenants and agrees, in order
to conform the provisions of the Indenture to the requirements of the Trust Indenture Act of 1939, as follows: 
 Whenever the Trustee shall
so request or the holders of at least 25% in principal amount of the Bonds outstanding under the Indenture shall so request in a written notice served upon the Trustee, but not more frequently than once every two years, and whether or not requested
by the Trustee or the Bondholders as aforesaid, at least once prior to July 1, 1962 and thereafter at least once in every five years, the Company shall appoint an independent engineer to make an inspection of the trust estate of the Company.

 The Company shall cause such independent engineer, within a reasonable time after the date of his appointment, to report to the Company
and to the Trustee whether or not the trust estate (other than property which has been retired) of the Company, as an operating system or systems, has been maintained in good repair, working order and condition. If such independent engineer shall
report that the trust estate has not been so maintained, he shall state in his report the character and extent and estimated cost of making good such deficiency, and, if longer than one year, the time reasonably necessary to make good such
deficiency. Said report shall be placed on file by the Trustee and shall be open to inspection by any Bondholder at any reasonable time. 
 If the Company, within 30 days after the filing of the report of such independent engineer, shall object in writing to any of the statements in such certificate, the matters so objected to shall be forthwith referred to three arbitrators
selected in the following manner: the Trustee, within 10 days after the expiration of said period of 30 days, shall name one arbitrator and give notice of such selection to the Company. Within 10 days after receipt of such notice, the Company shall
name one arbitrator and give notice of such selection to the Trustee, and failure to do so shall entitle the Trustee to name an 

  

 43 

 
arbitrator to represent the Company. The two thus selected shall, within 10 days after the appointment of the arbitrator representing the Company, select a
third arbitrator, but if said arbitrators are unable, within said 10 days, to agree upon such third arbitrator, then the District Judge of the United States of America for the Western District of Washington senior in service may appoint such third
arbitrator, upon application to said District Judge by either party on 5 days’ notice thereof to the other party. The written decision of a majority of such arbitrators shall be filed as soon as practicable with the Trustee and a copy thereof
delivered to the Company, and shall be binding upon the Trustee, the Company and the Bondholders. 
 The Company, upon the expiration of 30
days after the filing as aforesaid of the report of an independent engineer, if it shall not have objected thereto, or upon the filing as aforesaid of any decision of arbitrators, shall proceed with all reasonable speed, to do such maintenance work
as may be necessary to make good any such maintenance deficiency as shall have been determined to exist as hereinabove provided at the time of the report of such independent engineer or at the time of such decision of arbitrators, as the case may
be, whereupon such independent engineer or such arbitrators, as the case may be, shall report in writing to the Trustee whether such deficiency has been made good; provided, however, that in case such independent engineer or arbitrators shall fail
or refuse to make such report within such period as the Trustee may deem reasonable, the Trustee may in its discretion appoint another independent engineer to make such report, or in lieu of such report, may accept an officers’ certificate that
such deficiency has been made good. 
 Unless the Trustee shall be so advised in writing by such independent engineer or arbitrators or by an
officers’ certificate accepted by the Trustee, as the case may be, within one year from the date of any report of an independent engineer or any decision of arbitrators, as the case may be, determining a maintenance deficiency to exist, or such
longer period as may be stated in such report or decision to be reasonably necessary for the purpose, that such deficiency has been made good, the Company shall be deemed to have failed in the due performance of the covenant as to the maintenance of
the trust estate contained in Section 9.08 of the Indenture and in any proceeding consequent 

  

 44 

 
upon such failure said report or decision shall be conclusive evidence against the Company of the existence of the facts and conditions therein set forth.

 All expenses incurred pursuant to this Section shall be borne by the Company. 
 SECTION 3.06. The Indenture as heretofore and hereby supplemented has been qualified under the Trust Indenture Act of 1939 in
connection with the issuance and sale of the initial Twenty Million Dollars ($20,000,000) principal amount of Bonds of the 1987 Series, and accordingly the provisions of Article Eleven, Sections 15.13, 15.14 and 19.04 of the Indenture have become
operative. 
 SECTION 3.07. This Forty-second 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 3.08. Although this Forty-second Supplemental Indenture is dated for convenience and for the purpose of reference as of
July 1, 1957, 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-second 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 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-second 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 

  

 45 

 
attested by its Secretary or one of its Assistant Secretaries, all on the 26th day of June, 1957, but as of the day and year first above written. 

 

					
		 	PUGET SOUND POWER & LIGHT COMPANY
			
	(CORPORATE SEAL)	 		 	
			
		 	By	 	 /S/ C. P. JOHNSON

		 		 	Vice President.

  

	
	Attest:
	
	 /S/ CHARLES JACKSON,
JR.

	Clerk.

  

					
		 	OLD COLONY TRUST COMPANY
			
	(CORPORATE SEAL)	 		 	
			
		 	By	 	 /S/ H. S. PARKER

		 		 	Vice President.

  

	
	Attest:
	
	 /S/ R. D. FISHER

	Assistant Secretary.

  

 46 

					
	 COMMONWEALTH OF MASSACHUSETTS
 COUNTY OF SUFFOLK
	  	}	  	ss.:

 On this 26th day of June, 1957, before me personally appeared C. P. JOHNSON and
CHARLES JACKSON, JR., to me known to be a Vice President 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/ ELLIOT G. KELLEY

	 ELLIOT G. KELLEY
 NOTARY PUBLIC
 My commission expires November 14, 1958

 (NOTARIAL 
     SEAL) 
  

 47 

					
	 COMMONWEALTH OF MASSACHUSETTS
 COUNTY OF SUFFOLK
	  	}	  	ss.:

 C. P. JOHNSON and CHARLES JACKSON, JR.
being duly sworn each for himself on oath deposes and says that he, the said C. P. JOHNSON is and at the time of the execution of the foregoing Supplemental Indenture was a Vice President of PUGET SOUND
POWER & LIGHT COMPANY, a corporation and the mortgagor therein named, and the same person who as such Vice President 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. 
  

	
	 /S/ C. P. JOHNSON

	
	
	 /S/ CHARLES JACKSON, JR.

 Subscribed and sworn to before me this 26th day of June, 1957. 
  

	
	 /S/ ELLIOT G. KELLEY

	 ELLIOT G. KELLEY
 NOTARY PUBLIC
 My commission expires November 14, 1958

 (NOTARIAL 
     SEAL) 
  

 48 

					
	 COMMONWEALTH OF MASSACHUSETTS
 COUNTY OF SUFFOLK
	  	}	  	ss.:

 On this 26th day of June, 1957 before me personally appeared H. S. PARKER and R. D.
FISHER, 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/ ELLIOT G. KELLEY

	 ELLIOT G. KELLEY
 NOTARY PUBLIC
 My commission expires November 14, 1958

 (NOTARIAL 
     SEAL) 
  

 49 

 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/ R. D. Fisher

	Assistant Secretary

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