------------------------------------------
MDU RESOURCES GROUP, INC.,
Issuer
TO
THE BANK OF NEW YORK,
Trustee
---------
Indenture
Dated as of December 15, 2003
THIS INSTRUMENT GRANTS A SECURITY INTEREST
BY A TRANSMITTING UTILITY
THIS INSTRUMENT CONTAINS AFTER-ACQUIRED
PROPERTY PROVISIONS
------------------------------------------
MDU RESOURCES GROUP, INC.
Reconciliation and tie between Trust Indenture Act of 1939
and Indenture, dated as of December 15, 2003
Trust Indenture Act Section Indenture Section
ss.310 (a)(1)...................................... 1009
(a)(2)...................................... 1009
(a)(3)...................................... 1014
(a)(4)...................................... Not Applicable
(b)......................................... 1008, 1010
ss.311 (a)......................................... 1013
(b)......................................... 1013
(c)......................................... Not Applicable
ss.312 (a)......................................... 1101
(b)......................................... 1101
(c)......................................... 1101
ss.313 (a)......................................... 1102
(b)(1)...................................... Not Applicable
(b)(2)...................................... 1102
(c)......................................... 1102
(d)......................................... 1102
ss.314 (a)......................................... 1102
(a)(4)...................................... 705
(b)......................................... Not Applicable
(c)(1)...................................... 104
(c)(2)...................................... 104
(c)(3)...................................... Not Applicable
(d)......................................... Not Applicable
(e)......................................... 104
ss.315 (a)......................................... 1001(a)
(b)......................................... 1002
(c)......................................... 1001(b)
(d)......................................... 1001(c)
(d)(1)...................................... 1001(a)(1), 1001(c)(1)
(d)(2)...................................... 1001(c)(2)
(d)(3)...................................... 1001(c)(3)
(e)......................................... 914
ss.316 (a)......................................... 912, 913
(a)(1)(A)................................... 902, 912
(a)(1)(B)................................... 913
(a)(2)...................................... Not Applicable
(b)......................................... 908
ss.317 (a)(1)...................................... 903
(a)(2)...................................... 904
(b)......................................... 703
ss.318 (a)......................................... 109
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TABLE OF CONTENTS
PARTIES........................................................................1
RECITALS OF THE COMPANY........................................................1
GRANTING CLAUSES...............................................................1
First Granting Clause.......................................................1
Second Granting Clause......................................................2
Third Granting Clause.......................................................2
Excepted Property...........................................................2
ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION............5
SECTION 101. Definitions................................................5
"Accountant"..........................................................6
"Act".................................................................6
"Affiliate"...........................................................6
"Authenticating Agent"................................................6
"Authorized Officer"..................................................6
"Authorized Purposes".................................................6
"Benefitted Securities"...............................................6
"Board of Directors"..................................................6
"Board Resolution"....................................................6
"Business Day"........................................................6
"Capitalization"......................................................7
"Capitalized Lease Liabilities".......................................7
"Class A Bondholder's Certificate"....................................7
"Class A Bonds".......................................................7
"Class A Mortgage"....................................................7
"Commission"..........................................................7
"Company".............................................................7
"Company Order" or "Company Request"..................................7
"Corporate Trust Office"..............................................7
"corporation".........................................................7
"Cost"................................................................7
"Debt"................................................................7
"Defaulted Interest"..................................................7
"Discount Security"...................................................7
"Dollar" or "$".......................................................8
"Electric and Gas Utility Property"...................................8
"Eligible Obligations"................................................8
"Event of Default"....................................................8
"Excepted Property"...................................................8
"Exchange Act"........................................................8
"Execution Date"......................................................8
"Expert"..............................................................8
"Expert's Certificate"................................................8
"Fair Value"..........................................................9
ii
"Funded Cash".........................................................9
"Funded Property".....................................................9
"Governmental Authority"..............................................9
"Government Obligations"..............................................9
"Holder"..............................................................9
"Indenture"...........................................................9
"Independent"........................................................10
"Independent Expert's Certificate"...................................10
"interest"...........................................................10
"Interest Payment Date"..............................................10
"Investment Securities"..............................................10
"Lien"...............................................................11
"Maturity"...........................................................11
"Mortgage"...........................................................11
"Mortgaged Property".................................................11
"Net Tangible Assets"................................................11
"Notice of Default"..................................................11
"Officer's Certificate"..............................................11
"Opinion of Counsel".................................................11
"Outstanding"........................................................11
"Outstanding"........................................................13
"Paying Agent".......................................................13
"Periodic Offering"..................................................13
"Permitted Liens"....................................................13
"Permitted Secured Debt".............................................16
"Person".............................................................16
"Place of Payment"...................................................16
"Predecessor Security"...............................................16
"Prepaid Liens"......................................................16
"Property Additions".................................................17
"Purchase Money Lien"................................................17
"Redemption Date"....................................................17
"Redemption Price"...................................................17
"Regular Record Date"................................................17
"Release Date".......................................................17
"Required Currency"..................................................18
"Responsible Officer"................................................18
"Retired Securities".................................................18
"Secured Debt".......................................................18
"Secured Obligations"................................................18
"Securities".........................................................18
"Securities Act".....................................................18
"Security Register" and "Security Registrar".........................18
"Special Record Date"................................................18
"Stated Interest Rate"...............................................18
"Stated Maturity"....................................................18
"Successor Company"..................................................18
"supplemental indenture" or "indenture supplemental hereto"..........18
"Tranche"............................................................18
"Trustee"............................................................19
iii
"Trust Indenture Act"................................................19
"United States"......................................................19
SECTION 102. Funded Property; Funded Cash..............................19
SECTION 103. Property Additions; Cost..................................20
SECTION 104. Compliance Certificates and Opinions......................22
SECTION 105. Form of Documents Delivered to Trustee....................23
SECTION 106. Acts of Holders...........................................25
SECTION 107. Notices, Etc. to Trustee or Company.......................26
SECTION 108. Notice to Holders of Securities; Waiver...................27
SECTION 109. Conflict with Trust Indenture Act.........................27
SECTION 110. Effect of Headings and Table of Contents..................27
SECTION 111. Successors and Assigns....................................27
SECTION 112. Separability Clause.......................................27
SECTION 113. Benefits of Indenture.....................................28
SECTION 114. Governing Law.............................................28
SECTION 115. Legal Holidays............................................28
SECTION 116. Investment of Cash Held by Trustee........................29
ARTICLE TWO SECURITY FORMS....................................................29
SECTION 201. Forms Generally...........................................29
SECTION 202. Form of Trustee's Certificate of Authentication...........30
ARTICLE THREE THE SECURITIES..................................................30
SECTION 301. Amount Unlimited; Issuable in Series......................30
SECTION 302. Denominations.............................................33
SECTION 303. Execution, Authentication, Delivery and Dating............33
SECTION 304. Temporary Securities......................................36
SECTION 305. Registration, Registration of Transfer and Exchange.......36
SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities..........37
SECTION 307. Payment of Interest; Interest Rights Preserved............38
SECTION 308. Persons Deemed Owners.....................................39
SECTION 309. Cancellation..............................................39
SECTION 310. Computation of Interest...................................40
SECTION 311. Payment to Be in Proper Currency..........................40
SECTION 312. Extension of Interest Payment.............................40
SECTION 313. CUSIP Numbers.............................................40
ARTICLE FOUR SECURITIES OF THE FIRST AND SECOND SERIES........................41
ARTICLE FIVE REDEMPTION OF SECURITIES.........................................41
SECTION 501. Applicability of Article..................................41
SECTION 502. Election to Redeem; Notice to Trustee.....................41
SECTION 503. Selection of Securities to Be Redeemed....................41
SECTION 504. Notice of Redemption......................................42
SECTION 505. Securities Payable on Redemption Date.....................43
SECTION 506. Securities Redeemed in Part...............................43
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ARTICLE SIX SINKING FUNDS.....................................................44
SECTION 601. Applicability of Article..................................44
SECTION 602. Satisfaction of Sinking Fund Payments with Securities.....44
SECTION 603. Redemption of Securities for Sinking Fund.................44
ARTICLE SEVEN REPRESENTATIONS AND COVENANTS...................................45
SECTION 701. Payment of Securities; Lawful Possession..................45
SECTION 702. Maintenance of Office or Agency...........................45
SECTION 703. Money for Securities Payments to Be Held in Trust.........46
SECTION 704. Corporate Existence.......................................47
SECTION 705. Annual Officer's Certificate as to Compliance.............47
SECTION 706. Waiver of Certain Covenants...............................47
SECTION 707. Limitation on Secured Debt................................48
ARTICLE EIGHT SATISFACTION AND DISCHARGE......................................51
SECTION 801. Satisfaction and Discharge of Securities..................51
SECTION 802. Satisfaction and Discharge of Indenture...................53
SECTION 803. Application of Trust Money................................54
ARTICLE NINE EVENTS OF DEFAULT; REMEDIES......................................54
SECTION 901. Events of Default.........................................54
SECTION 902. Acceleration of Maturity; Rescission and Annulment........56
SECTION 903. Collection of Indebtedness and Suits for Enforcement
by Trustee................................................57
SECTION 904. Trustee May File Proofs of Claim..........................57
SECTION 905. Trustee May Enforce Claims Without Possession of
Securities................................................58
SECTION 906. Application of Money Collected............................58
SECTION 907. Limitation on Suits.......................................58
SECTION 908. Unconditional Right of Holders to Receive Principal,
Premium and Interest......................................59
SECTION 909. Restoration of Rights and Remedies........................59
SECTION 910. Rights and Remedies Cumulative............................59
SECTION 911. Delay or Omission Not Waiver..............................60
SECTION 912. Control by Holders of Securities..........................60
SECTION 913. Waiver of Past Defaults...................................60
SECTION 914. Undertaking for Costs.....................................60
SECTION 915. Waiver of Usury, Stay or Extension Laws...................61
SECTION 916. Defaults under Class A Mortgages..........................61
SECTION 917. Receiver and Other Remedies...............................61
ARTICLE TEN THE TRUSTEE.......................................................61
SECTION 1001. Certain Duties and Responsibilities.......................61
SECTION 1002. Notice of Defaults........................................62
SECTION 1003. Certain Rights of Trustee.................................62
SECTION 1004. Not Responsible for Recitals or Issuance of Securities....63
SECTION 1005. May Hold Securities.......................................64
SECTION 1006. Money Held in Trust.......................................64
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SECTION 1007. Compensation and Reimbursement............................64
SECTION 1008. Disqualification; Conflicting Interests...................65
SECTION 1009. Corporate Trustee Required; Eligibility...................65
SECTION 1010. Resignation and Removal; Appointment of Successor.........66
SECTION 1011. Acceptance of Appointment by Successor....................67
SECTION 1012. Merger, Conversion, Consolidation or Succession to
Business..................................................67
SECTION 1013. Preferential Collection of Claims Against Company.........68
SECTION 1014. Co-trustee and Separate Trustees..........................68
SECTION 1015. Appointment of Authenticating Agent.......................69
ARTICLE ELEVEN HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY..............71
SECTION 1101. Lists of Holders..........................................71
SECTION 1102. Reports by Trustee and Company............................71
ARTICLE TWELVE CONSOLIDATION, MERGER, CONVEYANCE, OR OTHER TRANSFER...........71
SECTION 1201. Company may Consolidate, etc., Only on Certain Terms......71
SECTION 1202. Successor Company Substituted.............................73
SECTION 1203. Extent of Lien Hereof on Property of Successor Company....73
SECTION 1204. Release of Company upon Conveyance or Other Transfer......74
SECTION 1205. Merger into Company; Extent of Lien Hereof................74
SECTION 1206. Transfer of Less than Substantially All...................74
ARTICLE THIRTEEN SUPPLEMENTAL INDENTURES......................................75
SECTION 1301. Supplemental Indentures Without Consent of Holders........75
SECTION 1302. Supplemental Indentures With Consent of Holders...........77
SECTION 1303. Execution of Supplemental Indentures......................79
SECTION 1304. Effect of Supplemental Indentures.........................79
SECTION 1305. Conformity With Trust Indenture Act.......................79
SECTION 1306. Reference in Securities to Supplemental Indentures........79
SECTION 1307. Modification Without Supplemental Indenture...............79
ARTICLE FOURTEEN MEETINGS OF HOLDERS; ACTION WITHOUT MEETING..................80
SECTION 1401. Purposes for Which Meetings May Be Called.................80
SECTION 1402. Call, Notice and Place of Meetings........................80
SECTION 1403. Persons Entitled to Vote at Meetings......................81
SECTION 1404. Quorum; Action............................................81
SECTION 1405. Attendance at Meetings; Determination of Voting
Rights; Conduct and Adjournment of Meetings...............82
SECTION 1406. Counting Votes and Recording Action of Meetings...........83
SECTION 1407. Action Without Meeting....................................83
ARTICLE FIFTEEN IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND
DIRECTORS...................................................................83
SECTION 1501. Liability Solely Corporate................................83
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ARTICLE SIXTEEN ISSUANCE OF SECURITIES PRIOR TO THE RELEASE DATE..............84
SECTION 1601. General...................................................84
SECTION 1602. Issuance of Securities on the Basis of Class A Bonds......84
SECTION 1603. Issuance of Securities on the Basis of Property Additions.86
SECTION 1604. Issuance of Securities on the Basis of Retired Securities.88
SECTION 1605. Issuance of Securities on the Basis of Deposit of Cash....88
ARTICLE SEVENTEEN CLASS A BONDS; ADDITIONAL CLASS A MORTGAGES; DISCHARGE
OF CLASS A MORTGAGE.........................................................89
SECTION 1701. Registration and Ownership of Class A Bonds...............89
SECTION 1702. Payments on Class A Bonds.................................90
SECTION 1703. Surrender of Class A Bonds................................91
SECTION 1704. No Transfer of Class A Bonds..............................91
SECTION 1705. Voting of Class A Bonds...................................91
SECTION 1706. Designation of Additional Class A Mortgages...............92
SECTION 1707. Discharge of Class A Mortgage.............................94
ARTICLE EIGHTEEN POSSESSION, USE AND RELEASE OF MORTGAGED PROPERTY............97
SECTION 1801. Quiet Enjoyment...........................................97
SECTION 1802. Dispositions without Release..............................97
SECTION 1803. Release of Mortgaged Property.............................98
SECTION 1804. Release of Property Not Constituting Funded Property.....101
SECTION 1805. Release of Minor Properties..............................102
SECTION 1806. Withdrawal or Other Application of Funded Cash;
Purchase Money Obligations...............................103
SECTION 1807. Release of Property Taken by Eminent Domain, etc.........105
SECTION 1808. Alternative Release Provision............................106
SECTION 1809. Disclaimer or Quitclaim..................................106
SECTION 1810. Miscellaneous............................................107
SECTION 1811. Establishment of the Release Date........................108
SECTION 1812. Preservation of Lien.....................................108
SECTION 1813. Maintenance of Properties................................109
SECTION 1814. Payment of Taxes; Discharge of Liens.....................109
SECTION 1815. Insurance................................................109
SECTION 1816. Recording, Filing, etc...................................112
Testimonium..................................................................111
Signatures...................................................................111
EXHIBIT A - MODIFICATIONS OF CLASS A MORTGAGES..........................A-1
EXHIBIT B - DESCRIPTION OF REAL PROPERTY THAT IS MORTGAGED PROPERTY
AS OF THE EXECUTION DATE....................................B-1
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THIS INSTRUMENT GRANTS A SECURITY INTEREST BY A TRANSMITTING UTILITY
THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS
INDENTURE, dated as of December 15, 2003 (the "Execution Date")
between MDU RESOURCES GROUP, INC., a Delaware corporation (the "Company"),
having its principal office at Schuchart Building, 918 East Divide Avenue,
Bismarck, North Dakota 58506-5650 and THE BANK OF NEW YORK, a New York banking
corporation, having its principal corporate trust office at 101 Barclay Street,
New York, New York 10286, as Trustee (the "Trustee").
RECITALS OF THE COMPANY
The Company has duly authorized the execution and delivery of this
Indenture to provide for the issuance from time to time of its debt securities
(the "Securities") in an unlimited aggregate principal amount, to be issued in
one or more series as contemplated herein, and to provide security for the
payment of the principal of and premium and interest, if any, on the Securities;
Prior to the Release Date (as hereinafter defined), the Outstanding
Securities will be secured by a lien on the Mortgaged Property (as hereinafter
defined) to the extent provided herein.
The Company may issue Class A Bonds (as hereinafter defined) of one or
more series and deliver such Class A Bonds to the Trustee to hold in trust for
the benefit of the Holders (as hereinafter defined) from time to time of the
Outstanding Securities, and pursuant to the terms and provisions hereof, the
Company may require the Trustee to deliver to the Company for cancellation any
and all Class A Bonds held by the Trustee.
All acts necessary to make this Indenture a valid agreement of the
Company have been performed. For all purposes of this Indenture, except as
otherwise expressly provided herein or unless the context otherwise requires,
capitalized terms used herein shall have the meanings assigned to them in
Article One of this Indenture.
GRANTING CLAUSES
NOW, THEREFORE, THIS INDENTURE WITNESSETH, that, in consideration of
the premises and of the purchase of the Securities by the Holders thereof, and
in order to secure the payment of the principal of and premium, if any, and
interest, if any, on all Securities from time to time Outstanding and the
performance of the covenants therein and herein contained, and to declare the
terms and conditions on which such Securities are secured, the Company hereby
grants, bargains, sells, conveys, assigns, transfers, mortgages, pledges, sets
over and confirms to the Trustee, in trust, and grants to the Trustee a security
interest in and lien on, the following (subject, however, to the terms and
conditions set forth in this Indenture):
First Granting Clause
All right, title and interest of the Company, as of the Execution
Date, in and to all property, real and personal (other than Excepted
Property), of the kind and nature that are described in the Mortgage,
acquired by the Company from the Predecessor Corporation in the Merger (as
each such term is defined in the (Forty-Ninth) Supplemental Indenture)
(including the property described in Exhibit B hereto) and improvements,
extensions and additions thereto and renewals and replacements thereof;
Second Granting Clause
Subject to the applicable exceptions permitted by Section 1810(d),
Section 1203 and Section 1205, all right, title and interest of the Company
in such franchises, repairs and additional property (other than Excepted
Property) as may be hereafter acquired, made or constructed by the Company
(1) to maintain, renew and preserve the franchises covered by the Mortgage,
or (2) to maintain the property mortgaged and intended to be mortgaged
under the Mortgage as an operating system or systems in good repair,
working order and condition, or (3) in rebuilding or renewal of property
subject to the lien of the Mortgage damaged or destroyed, or (4) in
replacement of or substitution for machinery, apparatus, equipment, frames,
towers, poles, wire, pipe, tools, implements or furniture, or any other
fixtures or personalty, subject to the lien of the Mortgage which shall
have become old, inadequate, obsolete, worn out, unfit, unadapted,
unserviceable, undesirable or unnecessary for use in the operation of the
property mortgaged or intended to be mortgaged under the Mortgage, it being
the intention of the Company that all such property acquired by the Company
after the Execution Date shall be as fully embraced within and subjected to
the Lien hereof as if such property were owned by the Company as of the
Execution Date; and
Third Granting Clause
Any Excepted Property, which may, from time to time after the
Execution Date, by delivery or by an instrument supplemental to this
Indenture, be subjected to the Lien hereof by the Company, the Trustee
being hereby authorized to receive the same at any time as additional
security hereunder; it being understood that any such subjection to the
Lien hereof of any Excepted Property as additional security may be made
subject to such reservations, limitations or conditions respecting the use
and disposition of such property or the proceeds thereof as shall be set
forth in such instrument;
Excepted Property
Expressly excepting and excluding, however, from the Lien of this
Indenture all right, title and interest of the Company in and to the
following property, whether now owned or hereafter acquired (herein
sometimes called "Excepted Property"):
(a) all cash on hand or in banks or other financial institutions,
deposit accounts, securities accounts, shares of stock, interests in
business trusts, general or limited partnerships or limited liability
companies, bonds, notes, other evidences of indebtedness and other
securities, security entitlements, policies of insurance on lives of
officers of the Company and investment property, of whatsoever kind
and nature, not hereafter paid or delivered to, deposited with or held
by the Trustee hereunder or required so to be;
(b) all contracts, leases, operating agreements and other
agreements of whatsoever kind and nature; all contract rights, bills,
notes and other instruments and chattel paper (except to the extent
that any of the same constitute securities, security entitlements or
investment property, in which case they are separately excepted from
the Lien of this
2
Indenture under clause (a) above); all revenues, income and earnings,
all accounts, accounts receivable, rights to payment, payment
intangibles and unbilled revenues, transition property, and all rents,
tolls, issues, product and profits, claims, credits, demands and
judgments; all governmental and other licenses, permits, franchises,
consents and allowances; and all patents, patent licenses and other
patent rights, patent applications, trade names, trademarks,
copyrights and other intellectual property; and all claims, credits,
choses in action, commercial tort claims and other intangible property
and general intangibles including, but not limited to, computer
software;
(c) all automobiles, buses, trucks, truck cranes, tractors,
trailers and similar vehicles and movable equipment; all rolling
stock, rail cars and other railroad equipment; all vessels, boats,
barges, and other marine equipment; all airplanes, helicopters,
aircraft engines and other flight equipment; all parts, accessories
and supplies used in connection with any of the foregoing; and all
personal property of such character that the perfection of a security
interest therein or other Lien thereon is not governed by the Uniform
Commercial Code as in effect in the jurisdiction in which the Company
is organized;
(d) all merchandise and appliances acquired for the purpose of
resale in the ordinary course and conduct of the business of the
Company, and all materials and supplies held for consumption in
operation or held in advance of use thereof for fixed capital
purposes;
(e) all electric energy, gas, steam and other materials and
products generated, manufactured, produced or purchased by the Company
for sale, distribution or use in the ordinary course and conduct of
its business;
(f) all property which is the subject of a lease agreement
designating the Company as lessee and all right, title and interest of
the Company in and to such property and in, to and under such lease
agreement, whether or not such lease agreement is intended as
security;
(g) any of the properties or franchises now owned or hereafter
acquired by the Company (by purchase, consolidation, merger, donation,
construction, erection or in any other way) except (A) those
properties and franchises subject to the lien of the Mortgage acquired
by the Company from the Predecessor Corporation in the Merger, and
improvements, extensions and additions thereto and renewals and
replacements thereof; (B) the property made and used by the Company as
the basis under any of the provisions of the Mortgage for the
authentication and delivery of additional bonds or the withdrawal of
cash or the release of property, and (C) such franchises, repairs and
additional property as may be acquired, made or constructed by the
Company (1) to maintain, renew and preserve the franchises covered by
the Mortgage, or (2) to maintain the property mortgaged and intended
to be mortgaged
3
thereunder as an operating system or systems in good repair, working
order and condition, or (3) in rebuilding or renewal of property
subject to the lien of the Mortgage damaged or destroyed, or (4) in
replacement of or substitution for machinery, apparatus, equipment,
frames, towers, poles, wire, pipe, tools, implements, or furniture, or
any other fixtures or personalty, subject to the Lien of the Mortgage
which shall have become old, inadequate, obsolete, wornout, unfit,
unadapted, unserviceable, undesirable or unnecessary for use in the
operation of the property mortgaged or intended to be mortgaged under
the Mortgage;
(h) all property that has been released from the lien of the
Mortgage, pursuant to the terms thereof;
(i) all property, real, personal and mixed, which subsequent to
the Execution Date, has been released from the Lien of this Indenture,
pursuant to the terms thereof, other than pursuant to Section 1811,
and any improvements, extensions and additions to such properties and
renewals, replacements and substitutions of or for any parts thereof;
(j) all property not acquired by the Company for use in its
electricity generation, transmission and distribution, and natural gas
distribution business; and
(k) a tract of land fifteen feet in width by twenty feet in
length situated in the southwest corner of Lot Two (2) of Block Twenty
(20) of Sheridan Land Company's Addition to the City of Sheridan,
Wyoming, and more particularly bounded and described as follows:
Beginning at the southwest corner of said Lot Two; thence running
north along the west boundary line of said lot a distance of
Fifteen feet; thence running east on a line parallel to the south
boundary line of said lot a distance of Twenty feet to a point;
thence running south on a line parallel to the west boundary line
of said lot a distance of Fifteen feet to a point on said south
boundary line of Lot two; thence running west on the south
boundary line of said Lot Two a distance of Twenty feet to the
point of beginning.
TO HAVE AND TO HOLD all such property, real, personal and mixed, unto
the Trustee, its successors in trust and their assigns forever;
SUBJECT, HOWEVER, to Permitted Liens; and
SUBJECT, FURTHER, to the condition that, with respect to any property
which is now or hereafter becomes subject to the Lien of any Class A Mortgage,
the Lien of this Indenture shall at all times be junior, subject and subordinate
to the Lien of such Class A Mortgage;
4
IN TRUST, NEVERTHELESS, for the equal and ratable benefit and security
of the Holders from time to time of all Outstanding Securities without any
priority of any such Security over any other such Security;
PROVIDED, HOWEVER, that the right, title and interest of the Trustee
in and to the Mortgaged Property shall cease, terminate and become void in
accordance with, and subject to the conditions set forth in, Article Eight or
Section 1811 hereof, and if the principal of and premium and interest, if any,
on the Securities shall have been paid to the Holders thereof, or shall have
been paid to the Company pursuant to Section 703 hereof or to the appropriate
Governmental Authority pursuant to applicable law after the Maturity thereof,
then and in that case this Indenture shall terminate, and the Trustee shall
execute and deliver to the Company such instruments as the Company shall require
to evidence such termination; otherwise this Indenture, and the estate and
rights hereby granted, shall be and remain in full force and effect; and
IT IS HEREBY COVENANTED AND AGREED by and between the Company and the
Trustee that all the Securities are to be authenticated and delivered, and that
the Mortgaged Property is to be held, subject to the further covenants,
conditions and trusts hereinafter set forth, and the Company hereby covenants
and agrees to and with the Trustee, for the equal and ratable benefit of all
holders of the Securities, as follows:
ARTICLE ONE
Definitions And Other Provisions Of General Application
SECTION 101. Definitions.
For all purposes of this Indenture, except as otherwise expressly
provided or unless the context otherwise requires:
(a) the terms defined in this Article have the meanings assigned to
them in this Article and include the plural as well as the singular;
(b) all terms used herein without definition which are defined in the
Trust Indenture Act as in effect on the Execution Date, either directly or by
reference therein, have the meanings assigned to them therein;
(c) all terms used herein without definition which are defined in the
Uniform Commercial Code of New York as in effect on the Execution Date shall
have the meanings assigned to them therein;
(d) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles in the United States, and, except as otherwise herein expressly
provided, the term "generally accepted accounting principles" with respect to
any computation required or permitted hereunder shall mean such accounting
principles as are generally accepted in the United States at the date of such
computation or, at the election of the Company from time to time, at the
Execution Date; provided, however, that in determining generally accepted
accounting principles applicable to the Company, effect shall be given, to the
extent required, to any order, rule or regulation of any administrative agency,
regulatory authority or other governmental body having jurisdiction over the
Company;
5
(e) any reference to an "Article" or a "Section" refers to an Article
or a Section, as the case may be, of this Indenture; and
(f) the words "herein", "hereof" and "hereunder" and other words of
similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision.
"Accountant" means a person engaged in the accounting profession or
otherwise qualified to pass on accounting matters (including, but not limited
to, a Person certified or licensed as a public accountant, whether or not then
engaged in the public accounting profession), which Person, unless required to
be Independent, may be an employee or Affiliate of the Company.
"Act", when used with respect to any Holder of a Security, has the
meaning specified in Section 106.
"Affiliate" of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For the purposes of this definition,
"control" when used with respect to any specified Person means the power to
direct generally the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or
otherwise; and the terms "controlling" and "controlled" have meanings
correlative to the foregoing.
"Authenticating Agent" means any Person or Persons (other than the
Company or an Affiliate of the Company) authorized by the Trustee to act on
behalf of the Trustee to authenticate the Securities of one or more series.
"Authorized Officer" means the Chairman of the Board, the Vice
Chairman, the President, any Vice President, the Treasurer, any Assistant
Treasurer, or any other officer, manager or agent of the Company duly authorized
pursuant to a Board Resolution to act in respect of matters relating to this
Indenture.
"Authorized Purposes" means the authentication and delivery of
Securities, the release of property and/or the withdrawal of cash under any of
the provisions of this Indenture.
"Benefitted Securities" shall have the meaning specified in Section
707.
"Board of Directors" means either the board of directors, board of
managers or similar governing body of the Company or any committee thereof duly
authorized to act in respect of matters relating to this Indenture.
"Board Resolution" means a copy of a resolution certified by the
Secretary, an Assistant Secretary or an Authorized Officer of the Company to
have been duly adopted by the Board of Directors and to be in full force and
effect on the date of such certification, and delivered to the Trustee.
"Business Day", when used with respect to a Place of Payment or any
other particular location specified in the Securities or this Indenture, means
any day, other than a Saturday or Sunday, which is not a day on which banking
institutions or trust companies in such Place of Payment or other location are
generally authorized or required by law, regulation or executive order to remain
closed, except as may be otherwise specified as contemplated by Section 301.
6
"Capitalization" has the meaning specified in Section 707.
"Capitalized Lease Liabilities" has the meaning specified in Section
707.
"Class A Bondholder's Certificate" has the meaning specified in
Section 1705.
"Class A Bonds" means bonds or other obligations now or hereafter
issued and Outstanding under any Class A Mortgage or Mortgages.
"Class A Mortgage" means the Mortgage and each other mortgage or deed
of trust or similar indenture, as amended and supplemented from time to time,
(i) to which any corporation that is subsequently merged into or consolidated
with the Company was a party at the time of such merger or consolidation or
(ii)(A) which constitutes a Lien on property conveyed or otherwise transferred
to the Company and (B) the obligations of the mortgagor under which have been
duly assumed by the Company, and, in the case of either (i) or (ii) above, which
is hereafter designated an additional Class A Mortgage in an indenture
supplemental hereto executed and delivered in accordance with Section 1706.
"Commission" means the Securities and Exchange Commission, as from
time to time constituted, created under the Exchange Act, or, if at any time
after the Execution Date such Commission is not existing and performing the
duties now assigned to it under the Trust Indenture Act, then the body, if any,
performing such duties at such time.
"Company" means the Person named as the "Company" in the first
paragraph of this Indenture until a successor Person shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter
"Company" shall mean such successor Person.
"Company Order" or "Company Request" mean, respectively, a written
order or request, as the case may be, signed in the name of the Company by an
Authorized Officer and delivered to the Trustee.
"Corporate Trust Office" means the office of the Trustee at which at
any particular time its corporate trust business shall be principally
administered, which office at the Execution Date is located at 101 Barclay
Street, Floor 8 West, New York, New York 10286.
"corporation" means a corporation, association, company, limited
liability company, partnership, limited partnership, joint stock company or
business trust, and references to "corporate" and other derivations of
"corporation" herein shall be deemed to include appropriate derivations of such
entities.
"Cost" with respect to Property Additions has the meaning specified in
Section 103.
"Debt" has the meaning specified in Section 707.
"Defaulted Interest" has the meaning specified in Section 307.
"Discount Security" means any Security which provides for an amount
less than the principal amount thereof to be due and payable upon a declaration
of acceleration of the Maturity thereof pursuant to Section 902. "Interest" with
respect to a Discount Security means interest, if any, borne by such Security at
a Stated Interest Rate.
7
"Dollar" or "$" means a dollar or other equivalent unit in such coin
or currency of the United States of America as at the time shall be legal tender
for the payment of public and private debts.
"Electric and Gas Utility Property" means any facilities, machinery,
equipment and fixtures for the generation, transmission and distribution of
electric energy and distribution of natural gas, including electricity
generation plants and related equipment, switchyards, towers, substations,
transformers, poles, lines, cable, conduits, ducts, conductors, meters,
regulators, pipelines and related facilities and all other property of the
Company, real or personal, or improvements, extensions, additions, renewals or
replacements of the foregoing, in each case used or useful or to be used in or
in connection with the business of generating, transmitting and distributing
electric energy and distributing of natural gas, of the character described in
First Granting Clause or Second Granting Clause (without regard to whether the
Release Date has occurred), whether owned by the Company at the Execution Date
or hereafter acquired (other than Excepted Property with respect to all of the
property described in this definition).
"Eligible Obligations" means:
(a) with respect to Securities denominated in Dollars, Government
Obligations or, if specified pursuant to Section 301 with respect to
any Securities, other Investment Securities; or
(b) with respect to Securities denominated in a currency other
than Dollars or in a composite currency, such other obligations or
instruments as shall be specified with respect to such Securities, as
contemplated by Section 301.
"Event of Default" has the meaning specified in Section 901.
"Excepted Property" has the meaning specified in the granting clauses
of this Indenture.
"Exchange Act" means the Securities Exchange Act of 1934, as amended.
"Execution Date" has the meaning specified in the first paragraph of
this Indenture.
"Expert" means a Person which is an engineer, appraiser or other
expert and which, with respect to any certificate to be signed by such Person
and delivered to the Trustee, is qualified to pass upon the matters set forth in
such certificate. For purposes of this definition, (a) "engineer" means a Person
engaged in the engineering profession or otherwise qualified to pass upon
engineering matters (including, but not limited to, a Person licensed as a
professional engineer, whether or not then engaged in the engineering
profession) and (b) "appraiser" means a Person engaged in the business of
appraising property or otherwise qualified to pass upon the Fair Value or fair
market value of property.
"Expert's Certificate" means a certificate signed by an Authorized
Officer and by an Expert (which Expert (a) shall be selected either by the Board
of Directors or by an Authorized Officer, the execution of such certificate by
such Authorized Officer to be conclusive evidence of such selection, and (b)
except as otherwise required in Sections 1206, 1603, 1707, 1810, may be an
employee or Affiliate of the Company) and delivered to the Trustee. The amount
stated in any Expert's Certificate as to the Cost, Fair Value or fair market
value of property shall be conclusive and binding upon the Company, the Trustee
and the Holders of the Securities.
8
"Fair Value", with respect to property, means the fair value of such
property as may be determined by reference to (a) the amount which would be
likely to be obtained in an arm's-length transaction with respect to such
property between an informed and willing buyer and an informed and willing
seller, under no compulsion, respectively, to buy or sell, (b) the amount of
investment with respect to such property which, together with a reasonable
return thereon, would be likely to be recovered through ordinary business
operations or otherwise, (c) the Cost, accumulated depreciation, and replacement
cost with respect to such property and/or (d) any other relevant factors;
provided, however, that (x) the Fair Value of property shall be determined
without deduction for any Liens on such property prior to the Lien of this
Indenture (except as otherwise provided in Section 1803) and (y) the Fair Value
to the Company of Property Additions may be of less value to a Person which is
not the owner or operator of the Mortgaged Property or any portion thereof than
to a Person which is such owner or operator. Fair Value may be determined,
without physical inspection, by the use of accounting and engineering records
and other data maintained by the Company or otherwise available to the Expert
certifying the same.
"Funded Cash" has the meaning specified in Section 102.
"Funded Property" has the meaning specified in Section 102.
"Governmental Authority" means the government of the United States or
of any State or Territory thereof or of the District of Columbia or of any
county, municipality or other political subdivision of any thereof, or any
department, agency, authority or other instrumentality of any of the foregoing.
"Government Obligations" means securities which are (a) (i) direct
obligations of the United States where the payment or payments thereunder are
supported by the full faith and credit of the United States or (ii) obligations
of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States where the timely payment or payments
thereunder are unconditionally guaranteed as a full faith and credit obligation
by the United States or (b) depository receipts issued by a bank (as defined in
Section 3(a)(2) of the Securities Act, which may include the Trustee or any
Paying Agent) as custodian with respect to any such Government Obligation or a
specific payment of interest on or principal of or other amount with respect to
any such Government Obligation held by such custodian for the account of the
holder of a depository receipt, provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the
holder of such depository receipt from any amount received by the custodian in
respect of the Government Obligation or the specific payment of interest on or
principal of or other amount with respect to the Government Obligation evidenced
by such depository receipt.
"Holder" means a Person in whose name a Security is registered in the
Security Register.
"Indenture" means this instrument as originally executed and as it may
from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof,
including, for all purposes of this instrument and any such supplemental
indenture, the provisions of the Trust Indenture Act that are deemed to be a
part of and govern this Indenture and any such supplemental indenture,
respectively. The term "Indenture" shall also include the provisions or terms of
particular series of Securities established in any Officer's Certificate, Board
Resolution or Company Order delivered pursuant to Sections 201, 301, 303 and
1307.
9
"Independent", when applied to any Accountant or Expert, means such a
Person who (a) is in fact independent, (b) does not have any direct material
financial interest in the Company or in any other obligor upon the Securities or
in any Affiliate of the Company or of such other obligor, (c) is not connected
with the Company or such other obligor as an officer, employee, promoter,
underwriter, trustee, partner, director or any person performing similar
functions and (d) is approved by the Trustee in the exercise of reasonable care.
"Independent Expert's Certificate" means a certificate signed by an
Independent Expert and delivered to the Trustee.
"interest" with respect to a Discount Security means interest, if any,
borne by such Security at a Stated Interest Rate rather than interest calculated
at any imputed rate.
"Interest Payment Date", when used with respect to any Security, means
the Stated Maturity of an installment of interest on such Security.
"Investment Securities" means any of the following obligations or
securities on which neither the Company, any other obligor on the Securities nor
any Affiliate of either is the obligor: (a) Government Obligations; (b) interest
bearing deposit accounts (which may be represented by certificates of deposit)
in any national or state bank (which may include the Trustee or any Paying
Agent) or savings and loan association which has outstanding securities rated by
a nationally recognized rating organization in either of the two (2) highest
rating categories (without regard to modifiers) for short term securities or in
any of the three (3) highest rating categories (without regard to modifiers) for
long term securities; (c) bankers' acceptances drawn on and accepted by any
commercial bank (which may include the Trustee or any Paying Agent) which has
outstanding securities rated by a nationally recognized rating organization in
either of the two (2) highest rating categories (without regard to modifiers)
for short term securities or in any of the three (3) highest rating categories
(without regard to modifiers) for long term securities; (d) direct obligations
of, or obligations the principal of and interest on which are unconditionally
guaranteed by, any State or Territory of the United States or the District of
Columbia, or any political subdivision of any of the foregoing, which are rated
by a nationally recognized rating organization in either of the two (2) highest
rating categories (without regard to modifiers) for short term securities or in
any of the three (3) highest rating categories (without regard to modifiers) for
long term securities; (e) bonds or other obligations of any agency or
instrumentality of the United States; (f) corporate debt securities which are
rated by a nationally recognized rating organization in either of the two (2)
highest rating categories (without regard to modifiers) for short term
securities or in any of the three (3) highest rating categories (without regard
to modifiers) for long term securities; (g) repurchase agreements with respect
to any of the foregoing obligations or securities with any banking or financial
institution (which may include the Trustee or any Paying Agent) which has
outstanding securities rated by a nationally recognized rating organization in
either of the two (2) highest rating categories (without regard to modifiers)
for short term securities or in any of the three (3) highest rating categories
(without regard to modifiers) for long term securities; (h) securities issued by
any regulated investment company (including any investment company for which the
Trustee or any Paying Agent is the advisor), as defined in Section 851 of the
Internal Revenue Code of 1986, as amended, or any successor section of such Code
or successor federal statute, provided that the portfolio of such investment
company is limited to obligations or securities of the character and investment
quality contemplated in clauses (a) through (f) above and repurchase agreements
which are fully collateralized by any of such obligations or securities; and (i)
any other obligations or securities which may lawfully be purchased by the
Trustee in its capacity as such.
10
"Lien" means any mortgage, deed of trust, pledge, security interest,
encumbrance, easement, lease, reservation, restriction, servitude, charge or
similar right and any other lien of any kind, including, without limitation, any
conditional sale or other title retention agreement, any lease in the nature
thereof, and any defect, irregularity, exception or limitation in record title.
"Maturity" when used with respect to any Security, means the date on
which the principal of such Security or an installment of principal becomes due
and payable as provided in such Security or in this Indenture, whether at the
Stated Maturity, by declaration of acceleration, upon call for redemption or
otherwise.
"Mortgage" shall mean, collectively, the Indenture of Mortgage, dated
as of May 1, 1939, made by and between the Company (formerly Montana-Dakota
Utilities Co.) and The New York Trust Company (The Bank of New York, successor
Corporate Trustee), and all indentures supplemental thereto, including the
(Forty-Fifth) Supplemental Indenture, dated as of April 21, 1992, made by and
between The Bank of New York and W.T. Cunningham (Douglas J. MacInnes,
successor), as trustees, which contains, in Part II thereof, a Restatement of
Indenture.
"Mortgaged Property" means, as of any particular time, all property
which at such time is subject to the Lien of this Indenture.
"Net Tangible Assets" has the meaning specified in Section 707.
"Notice of Default" means a written notice of the kind specified in
Section 901(c).
"Officer's Certificate" means a certificate signed by an Authorized
Officer of the Company and delivered to the Trustee.
"Opinion of Counsel" means a written opinion of counsel, who may be
counsel for the Company, and who shall be acceptable to the Trustee.
"Outstanding", when used with respect to Securities, means, as of the
date of determination, all Securities theretofore authenticated and delivered
under this Indenture, except:
(a) Securities theretofore canceled or delivered to the Security
Registrar for cancellation;
(b) Securities deemed to have been paid for all purposes of this
Indenture in accordance with Section 801 (whether or not the Company's
indebtedness in respect thereof shall be satisfied and discharged for any other
purpose); and
(c) Securities, the principal, premium, if any, and interest, if any,
which have been fully paid pursuant to the third paragraph of Section 306 or in
exchange for or in lieu of which other Securities have been authenticated and
delivered pursuant to this Indenture, other than any such Securities in respect
of which there shall have been presented to the Trustee proof satisfactory to it
and the Company that such Securities are held by a bona fide purchaser or
purchasers in whose hands such Securities are valid obligations of the Company;
provided, however, that in determining whether or not the Holders of the
requisite principal amount of the Securities Outstanding under this Indenture,
or the Outstanding Securities of any series or Tranche, have
11
given any request, demand, authorization, direction, notice, consent or waiver
hereunder or whether or not a quorum is present at a meeting of Holders of
Securities,
(x) Securities owned by the Company or any other obligor upon the
Securities or any Affiliate of the Company or of such other obligor (unless
the Company, such Affiliate or such obligor owns all Securities Outstanding
under this Indenture or (except for the purposes of actions to be taken by
Holders of (i) more than one series or more than one Tranche, as the case
may be, voting as a class under Section 1302) all Outstanding Securities of
each such series and each such Tranche, as the case may be, determined
without regard to this clause (x)) shall be disregarded and deemed not to
be Outstanding, except that, in determining whether the Trustee shall be
protected in relying upon any such request, demand, authorization,
direction, notice, consent or waiver or upon any such determination as to
the presence of a quorum, only Securities which the Responsible Officer of
the Trustee actually knows to be so owned shall be so disregarded;
provided, however, that Securities so owned which have been pledged in good
faith may be regarded as Outstanding if it is established to the reasonable
satisfaction of the Trustee that the pledgee, and not the Company, or any
such other obligor or Affiliate of either thereof, has the right so to act
with respect to such Securities and that the pledgee is not the Company or
any other obligor upon the Securities or any Affiliate of the Company or of
such other obligor; and provided, further, that in no event shall any
Security which shall have been delivered to evidence or secure, in whole or
in part, the Company's obligations in respect of other indebtedness be
deemed to be owned by the Company if the principal of such Security is
payable, whether at Stated Maturity or upon mandatory redemption, at the
same time as the principal of such other indebtedness is payable, whether
at Stated Maturity or upon mandatory redemption or acceleration, but only
to the extent of such portion of the principal amount of such Security as
does not exceed the principal amount of such other indebtedness, and
(y) the principal amount of a Discount Security that shall be deemed
to be Outstanding for such purposes shall be the amount of the principal
thereof that would be due and payable as of the date of such determination
upon a declaration of acceleration of the Maturity thereof pursuant to
Section 902; and
(z) the principal amount of any Security which is denominated in a
currency other than Dollars or in a composite currency that shall be deemed
to be Outstanding for such purposes shall be the amount of Dollars which
could have been purchased by the principal amount (or, in the case of a
Discount Security, the Dollar equivalent on the date determined as set
forth below of the amount determined as provided in (y) above) of such
currency or composite currency evidenced by such Security, in each such
case certified to the Trustee in an Officer's Certificate, based (i) on the
average of the mean of the buying and selling spot rates quoted by three
banks which are members of the New York Clearing House Association selected
by the Company in effect at 11:00 A.M. (New York time) in The City of New
York on the fifth Business Day preceding any such determination or (ii) if
on such fifth Business Day it shall not be possible or practicable to
obtain such quotations from such three banks, on such other quotations or
alternative methods of determination which shall be as consistent as
practicable with the method set forth in (i) above;
12
provided, further, that in the case of any Security the principal of which is
payable from time to time without presentment or surrender, the principal amount
of such Security that shall be deemed to be Outstanding at any time for all
purposes of this Indenture shall be the original principal amount thereof less
the aggregate amount of principal thereof theretofore paid.
"Outstanding", when used with respect to Class A Bonds, has the
meaning specified in the related Class A Mortgage.
"Paying Agent" means any Person, including the Company, authorized by
the Company to pay the principal of, and premium, if any, or interest, if any,
on any Securities on behalf of the Company.
"Periodic Offering" means an offering of Securities of a series from
time to time any or all of the specific terms of which Securities, including
without limitation the rate or rates of interest, if any, thereon, the Stated
Maturity or Maturities thereof and the redemption provisions, if any, with
respect thereto, are to be determined by the Company or its agents from time to
time subsequent to the initial request for the authentication and delivery of
such Securities by the Trustee, as contemplated in Section 301 and clause (b) of
Section 303.
"Permitted Liens" means, as of any particular time, any of the
following:
(a) Liens existing at the Execution Date (including but not
limited to, the Lien of the Mortgage);
(b) as to property acquired by the Company after the Execution
Date, Liens existing or placed thereon at the time of the acquisition
thereof (including, but not limited to, the Lien of any Class A
Mortgage);
(c) Liens for taxes, assessments and other governmental charges
or requirements which are not delinquent or which are being contested
in good faith by appropriate proceedings;
(d) mechanics', workmen's, repairmen's, materialmen's,
warehousemen's, and carriers' Liens, other Liens incident to
construction, Liens or privileges of any employees of the Company for
salary or wages earned, but not yet payable, and other Liens,
including without limitation Liens for worker's compensation awards,
arising in the ordinary course of business for charges or requirements
which are not delinquent or which are being contested in good faith
and by appropriate proceedings;
(e) Liens in respect of attachments, judgments or awards arising
out of judicial or administrative proceedings (i) in an amount not
exceeding the greater of (A) Ten Million Dollars ($10,000,000) and (B)
three percent (3%) of the sum of (1) the principal amount of the
Securities then Outstanding and (2) the principal amount of Class A
Bonds then Outstanding other than Class A Bonds delivered to and held
by the Trustee pursuant to Sections 1602 and 1701 or (ii) with respect
to which the Company shall (X) in good faith be prosecuting an appeal
or
13
other proceeding for review and with respect to which the Company
shall have secured a stay of execution pending such appeal or other
proceeding or (Y) have the right to prosecute an appeal or other
proceeding for review;
(f) easements, leases, reservations or other rights of others in,
on, over and/or across, and laws, regulations and restrictions
affecting, and defects, irregularities, exceptions and limitations in
title to, the Mortgaged Property or any part thereof; provided,
however, that such easements, leases, reservations, rights, laws,
regulations, restrictions, defects, irregularities, exceptions and
limitations do not in the aggregate materially impair the use by the
Company of the Mortgaged Property considered as a whole for the
purposes for which it is held by the Company;
(g) defects, irregularities, exceptions and limitations in title
to real property subject to rights-of-way in favor of the Company or
otherwise or used or to be used by the Company primarily for
right-of-way purposes or real property held under lease, easement,
license or similar right; provided, however, that (i) the Company
shall have obtained from the apparent owner or owners of such real
property a sufficient right, by the terms of the instrument granting
such right-of-way, lease, easement, license or similar right, to the
use thereof for the purposes for which the Company acquired the same;
(ii) the Company has power under eminent domain or similar statutes to
remove such defects, irregularities, exceptions or limitations or
(iii) such defects, irregularities, exceptions and limitations may be
otherwise remedied without undue effort or expense; and defects,
irregularities, exceptions and limitations in title to flood lands,
flooding rights and/or water rights;
(h) Liens securing indebtedness or other obligations neither
created, assumed nor guaranteed by the Company nor on account of which
it customarily pays interest upon real property or rights in or
relating to real property acquired by the Company for the purpose of
the transmission or distribution of electric energy, gas or water, for
the purpose of telephonic, telegraphic, radio, wireless or other
electronic communication or otherwise for the purpose of obtaining
rights-of-way;
(i) leases existing at the Execution Date affecting properties
owned by the Company at said date and renewals and extensions thereof;
and leases affecting such properties entered into after such date or
affecting properties acquired by the Company after such date which, in
either case, (i) have respective terms of not more than ten (10) years
(including extensions or renewals at the option of the tenant) or (ii)
do not materially impair the use by the Company of such properties for
the respective purposes for which they are held by the Company;
(j) Liens vested in lessors, licensors, franchisors or permitters
for rent or other amounts to become due or for other
14
obligations or acts to be performed, the payment of which rent or the
performance of which other obligations or acts is required under
leases, subleases, licenses, franchises or permits, so long as the
payment of such rent or other amounts or the performance of such other
obligations or acts is not delinquent or is being contested in good
faith and by appropriate proceedings;
(k) controls, restrictions, obligations, duties and/or other
burdens imposed by federal, state, municipal or other law, or by
rules, regulations or orders of Governmental Authorities, upon the
Mortgaged Property or any part thereof or the operation or use thereof
or upon the Company with respect to the Mortgaged Property or any part
thereof or the operation or use thereof or with respect to any
franchise, grant, license, permit or public purpose requirement, or
any rights reserved to or otherwise vested in Governmental Authorities
to impose any such controls, restrictions, obligations, duties and/or
other burdens;
(l) rights which Governmental Authorities may have by virtue of
franchises, grants, licenses, permits or contracts, or by virtue of
law, to purchase, recapture or designate a purchaser of or order the
sale of the Mortgaged Property or any part thereof, to terminate
franchises, grants, licenses, permits, contracts or other rights or to
regulate the property and business of the Company; and any and all
obligations of the Company correlative to any such rights;
(m) Liens required by law or governmental regulations (i) as a
condition to the transaction of any business or the exercise of any
privilege or license, (ii) to enable the Company to maintain
self-insurance or to participate in any funds established to cover any
insurance risks, (iii) in connection with workmen's compensation,
unemployment insurance, social security, any pension or welfare
benefit plan or (iv) to share in the privileges or benefits required
for companies participating in one or more of the arrangements
described in clauses (ii) and (iii) above;
(n) Liens on the Mortgaged Property or any part thereof which are
granted by the Company to secure duties or public or statutory
obligations or to secure, or serve in lieu of, surety, stay or appeal
bonds;
(o) rights reserved to or vested in others to take or receive any
part of any coal, ore, gas, oil and other minerals, any timber and/or
any electric capacity or energy, gas, water, steam and any other
products, developed, produced, manufactured, generated, purchased or
otherwise acquired by the Company or by others on property of the
Company;
(p) (i) rights and interests of Persons other than the Company
arising out of contracts, agreements and other instruments to which
the Company is a party and which relate to the common ownership or
joint use of property; and (ii) all Liens on the interests of
15
Persons other than the Company in property owned in common by such
Persons and the Company if and to the extent that the enforcement of
such Liens would not adversely affect the interests of the Company in
such property in any material respect;
(q) any restrictions on assignment and/or requirements of any
assignee to qualify as a permitted assignee and/or public utility or
public service corporation;
(r) any Liens which have been bonded for the full amount in
dispute or for the payment of which other adequate security
arrangements have been made;
(s) any controls, liens, restrictions, regulations, easements,
exceptions or reservations of any public authority or unit applying
particularly to any form of space satellites (including but not
limited to solar power satellites), space stations and other analogous
facilities whether or not in the earth's atmosphere;
(t) rights and interests granted pursuant to Section 1802(c);
(u) Prepaid Liens, Liens of any Class A Mortgage, Purchase Money
Liens and all other Liens permitted to exist under Section 707
(whether before or after the Release Date); and
(v) any Lien of the Trustee granted pursuant to Section 1007.
"Permitted Secured Debt" has the meaning specified in Section 707.
"Person" means any individual, corporation, joint venture, trust or
unincorporated organization or any Governmental Authority.
"Place of Payment", when used with respect to the Securities of any
series, or Tranche thereof, means the place or places, specified as contemplated
by Section 301, at which, subject to Section 702, principal of and premium, if
any, and interest, if any, on the Securities of such series or Tranche are
payable.
"Predecessor Security" of any particular Security means every previous
Security evidencing all or a portion of the same debt as that evidenced by such
particular Security; and, for the purposes of this definition, any Security
authenticated and delivered under Section 306 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Security shall be deemed to evidence the
same debt as the mutilated, destroyed, lost or stolen Security.
"Prepaid Liens" means any Lien securing indebtedness for the payment
of which money in the necessary amount shall have been irrevocably deposited in
trust with the trustee or other holder of such Lien; provided, however, that if
such indebtedness is to be redeemed or otherwise prepaid prior to the Stated
Maturity thereof, any notice requisite to such redemption or prepayment shall
have been given
16
in accordance with the mortgage or other instrument creating such Lien or
irrevocable instructions to give such notice shall have been given to such
trustee or other holder.
"Property Additions" has the meaning specified in Section 103.
"Purchase Money Lien" means, with respect to any property being
acquired or disposed of by the Company or being released from the Lien of this
Indenture, a Lien on such property which
(a) is taken or retained by the transferor of such property to
secure all or part of the purchase price thereof;
(b) is granted to one or more Persons other than the transferor
which, by making advances or incurring an obligation, give value to
enable the grantor of such Lien to acquire rights in or the use of
such property;
(c) is granted to any other Person in connection with the release
of such property from the Lien of this Indenture on the basis of the
deposit with the Trustee or the trustee or other holder of a Lien
prior to the Lien of this Indenture of obligations secured by such
Lien on such property (as well as any other property subject thereto);
(d) is held by a trustee or agent for the benefit of one or more
Persons described in clause (a), (b) and/or (c) above, provided that
such Lien may be held, in addition, for the benefit of one or more
other Persons which shall have theretofore given, or may thereafter
give, value to or for the benefit or account of the grantor of such
Lien for one or more other purposes; or
(e) otherwise constitutes a purchase money mortgage or a purchase
money security interest under applicable law;
and, without limiting the generality of the foregoing, for purposes of this
Indenture, the term Purchase Money Lien shall be deemed to include any Lien
described above whether or not such Lien (x) shall permit the issuance or other
incurrence of additional indebtedness secured by such Lien on such property, (y)
shall permit the subjection to such Lien of additional property and the issuance
or other incurrence of additional indebtedness on the basis thereof and/or (z)
shall have been granted prior to the acquisition, disposition or release of such
property, shall attach to or otherwise cover property other than the property
being acquired, disposed of or released and/or shall secure obligations issued
prior and/or subsequent to the issuance of the obligations delivered in
connection with such acquisition, disposition or release.
"Redemption Date", when used with respect to any Security to be
redeemed, means the date fixed for such redemption by or pursuant to this
Indenture.
"Redemption Price", when used with respect to any Security to be
redeemed, means the price at which it is to be redeemed pursuant to this
Indenture, exclusive of accrued and unpaid interest.
"Regular Record Date" for the interest payable on any Interest Payment
Date on the Securities of any series means the date specified for that purpose
as contemplated by Section 301.
"Release Date" shall mean the date chosen by the Company and specified
in the Company Order delivered to the Trustee under Section 1811.
17
"Required Currency" has the meaning specified in Section 311.
"Responsible Officer", when used with respect to the Trustee, means
any Vice President, Assistant Vice President, Trust Officer or other officer of
the Trustee who, in the case of each of the foregoing, is assigned by the
Trustee to its corporate trust department responsible for the administration of
this Indenture that is located in the Corporate Trust Office.
"Retired Securities" means any Securities authenticated and delivered
under this Indenture which (a) no longer remain Outstanding by reason of the
applicability of clause (a) or (b) in the definition of "Outstanding" (other
than any Predecessor Security of any Security), (b) have not been made the basis
under any of the provisions of this Indenture of one or more Authorized Purposes
and (c) have not been paid, redeemed, purchased or otherwise retired by the
application thereto of Funded Cash.
"Secured Debt" has the meaning specified in Section 707.
"Secured Obligations" has the meaning specified in Section 707.
"Securities" has the meaning stated in the first recital of this
Indenture and more particularly means any securities authenticated and delivered
under this Indenture.
"Securities Act" means the Securities Act of 1933, as amended.
"Security Register" and "Security Registrar" have the respective
meanings specified in Section 305.
"Special Record Date" for the payment of any Defaulted Interest on the
Securities of any series means a date fixed by the Trustee pursuant to Section
307.
"Stated Interest Rate" means a rate (whether fixed or variable) at
which an obligation by its terms is stated to bear simple interest. Any
calculation or other determination to be made under this Indenture by reference
to the Stated Interest Rate on a Security shall be made without regard to the
effective interest cost to the Company of such Security and without regard to
the Stated Interest Rate on, or the effective cost to the Company of, any other
indebtedness the Company's obligations in respect of which are evidenced or
secured in whole or in part by such Security.
"Stated Maturity", when used with respect to any Security or any
obligation or any installment of principal thereof or interest thereon, means
the date on which the principal of such obligation or such installment of
principal or interest is stated to be due and payable (without regard to any
provisions for redemption, prepayment, acceleration, purchase or extension).
"Successor Company" has the meaning set forth in Section 1201.
"supplemental indenture" or "indenture supplemental hereto" means an
instrument supplementing or amending this Indenture executed and delivered
pursuant to Article Thirteen.
"Tranche" means a group of Securities which (a) are of the same series
and (b) have identical terms except as to principal amount and/or date of
issuance.
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"Trustee" means the Person named as the "Trustee" in the first
paragraph of this Indenture until a successor Trustee shall have been appointed
by the Company pursuant to Section 1010 or otherwise have become such with
respect to one or more series of Securities pursuant to the applicable
provisions of this Indenture, and thereafter "Trustee" shall mean or include
each Person who is then a Trustee hereunder, and if at any time there is more
than one such Person, "Trustee" as used with respect to the Securities of any
series shall mean the Trustee with respect to Securities of that series.
"Trust Indenture Act" means, as of any time, the Trust Indenture Act
of 1939 as in effect at such time.
"United States" means the United States of America, its territories,
its possessions and other areas subject to its jurisdiction.
SECTION 102. Funded Property; Funded Cash.
"Funded Property" means:
(a) all Property Additions to the extent that the same shall then be
subject to the Lien of a Class A Mortgage;
(b) all Property Additions to the extent that the same shall have been
made the basis of the authentication and delivery of Securities under this
Indenture pursuant to Section 1603;
(c) all Property Additions to the extent that the same shall have been
made the basis of the release of Funded Property from the Lien of this
Indenture pursuant to Section 1803;
(d) all Property Additions to the extent that the same shall have been
substituted for Funded Property retired pursuant to Section 103;
(e) all Property Additions to the extent that the same shall have been
made the basis of the withdrawal of cash held by the Trustee pursuant to
Section 1605 or 1806; and
(f) all Property Additions to the extent that the same shall have been
used as the basis of a credit against, or otherwise in satisfaction of, the
requirements of any sinking, improvement, maintenance, replacement or
similar fund or analogous provision established with respect to the
Securities of any series, or any Tranche thereof, as contemplated by
Section 301; provided, however, that any such Property Additions shall
cease to be Funded Property when all of the Securities of such series or
Tranche shall cease to be Outstanding.
In the event that in any certificate filed with the Trustee in
connection with any of the Property Additions referred to in clauses (b), (c),
(e) and (f) of this definition of Funded Property, only a part of the Cost or
Fair Value of the Property Additions described in such certificate shall be
required for the purposes of such certificate, then such Property Additions
shall be deemed to be Funded Property only to the extent so required for the
purpose of such certificate.
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All Funded Property that shall be abandoned, destroyed, released or
otherwise disposed of shall for the purpose of Section 103 hereof be deemed
Funded Property retired and for other purposes of this Indenture shall thereupon
cease to be Funded Property but as in this Indenture provided may at any time
thereafter again become Funded Property. Neither any reduction in the Cost or
book value of property recorded in the plant account of the Company, nor the
transfer of any amount appearing in such account to intangible and/or adjustment
accounts, otherwise than in connection with actual retirements of physical
property abandoned, destroyed, released or disposed of, and otherwise than in
connection with the removal of such property in its entirety from plant account,
shall be deemed to constitute a retirement of Funded Property.
The Company may make allocations, on a pro-rata or other reasonable
basis (including, but not limited to, the designation of specific properties or
the designation of all or a specified portion of the properties reflected in one
or more generic accounts or subaccounts in the Company's books of account), for
the purpose of determining the extent to which fungible properties, or other
properties not otherwise identified, reflected in the same generic account or
subaccount in the Company's books of account constitute Funded Property or
Funded Property retired.
"Funded Cash" means:
(a) cash, held by the Trustee hereunder, to the extent that it
represents the proceeds of insurance on Funded Property (except as
otherwise provided in Section 1815), or cash deposited in connection with
the release of Funded Property pursuant to Article Eighteen, or the payment
of the principal of, or the proceeds of the release of, obligations secured
by Purchase Money Lien and delivered to the Trustee pursuant to Article
Eighteen, all subject, however, to the provisions of Section 1815 and
Section 1806;
(b) any cash deposited with the Trustee under Section 1605; and
(c) any cash received by the Trustee from the payment of the principal
of Class A Bonds delivered to and held by the Trustee pursuant to Sections
1602 and 1701.
SECTION 103. Property Additions; Cost.
(a) "Property Additions" means, as of any particular time, any item,
unit or element of property which at such time is owned by the Company and is
Mortgaged Property.
(b) When any Property Additions are certified to the Trustee as the
basis of any Authorized Purpose (except as otherwise provided in Section 1803
and Section 1806),
(i) there shall be deducted from the Cost or Fair Value to the
Company thereof, as the case may be (as of the date so certified), an
amount equal to the Cost (or as to Property Additions of which the
Fair Value to the Company at the time the same became Funded Property
was certified to be an amount less than the Cost as determined
pursuant to this Section, then such Fair Value, as so certified, in
lieu of Cost) of all Funded Property of the Company retired to the
date of such certification (other than the Funded Property, if any, in
connection with the application for the release of which such
certificate is filed) and not theretofore deducted from the Cost or
Fair Value to the Company of Property Additions theretofore certified
to the Trustee, and
20
(ii) there may, at the option of the Company, be added to such
Cost or Fair Value, as the case may be, the sum of
(1) the principal amount of any obligations secured by
Purchase Money Lien, not theretofore so added and which the
Company then elects so to add, which shall theretofore have been
delivered to the Trustee or the trustee or other holder of a Lien
prior to the Lien of this Indenture as the basis of the release
of Funded Property retired from the Lien of this Indenture or
such prior Lien, as the case may be;
(2) the amount of any cash, not theretofore so added and
which the Company then elects so to add, which shall theretofore
have been delivered to the Trustee or the trustee or other holder
of a Lien prior to the Lien of this Indenture as the proceeds of
insurance on Funded Property retired (to the extent of the
portion thereof deemed to be Funded Cash) or as the basis of the
release of Funded Property retired from the Lien of this
Indenture or from such prior Lien, as the case may be;
(3) the principal amount of any Security or Securities, or
portion of such principal amount, not theretofore so added and
which the Company then elects so to add, (I) which shall
theretofore have been delivered to the Trustee as the basis of
the release of Funded Property retired or (II) the right to the
authentication and delivery of which under the provisions of
Section 1604 shall at any time theretofore have been waived under
Section 1803(d)(iii) as the basis of the release of Funded
Property retired;
(4) the Cost or Fair Value to the Company (whichever shall
be less) of any Property Additions, not theretofore so added and
which the Company then elects so to add, which shall theretofore
have been made the basis of the release of Funded Property
retired (such Fair Value to be the amount shown in the Expert's
Certificate delivered to the Trustee in connection with such
release); and
(5) the Cost to the Company of any Property Additions
(including Property Additions subject to the Lien of a Class A
Mortgage) not theretofore so added and which the Company then
elects so to add, to the extent that the same shall have been
substituted for Funded Property retired;
provided, however, that the aggregate of the amounts added under
clause (ii) above shall in no event exceed the amounts deducted under
clause (i) above.
(c) Except as otherwise provided in Section 1803, the term "Cost" with
respect to Property Additions shall mean the sum of (i) any cash delivered in
payment therefor or for the acquisition thereof, (ii) an amount equivalent to
the fair market value in cash (as of the date of delivery) of any securities or
other property delivered in payment therefor or for the acquisition thereof,
(iii) the principal amount of any obligations secured by prior Lien (other than
a Class A Mortgage) upon such Property Additions outstanding at the time of the
acquisition thereof, (iv) the principal amount of any other obligations incurred
or assumed in connection with the payment for such Property Additions or for the
acquisition thereof and (v) any other amounts which, in accordance with
generally accepted accounting principles, are properly charged or chargeable to
the plant or other property accounts of the Company with respect to such
Property Additions as part of the cost of construction or acquisition thereof,
21
including, but not limited to, any allowance for funds used during construction
or any similar or analogous amount; provided, however, that, notwithstanding any
other provision of this Indenture,
(i) with respect to Property Additions owned by a successor
corporation immediately prior to the time it shall have become such by
consolidation or merger or acquired by a successor corporation in or
as a result of a consolidation or merger (excluding, in any case,
Property Additions owned by the Company immediately prior to such
time), Cost shall mean the amount or amounts at which such Property
Additions are recorded in the plant or other property accounts of such
successor corporation, or the predecessor corporation from which such
Property Additions are acquired, as the case may be, immediately prior
to such consolidation or merger;
(ii) with respect to Property Additions which shall have been
acquired (otherwise than by construction) by the Company without any
consideration consisting of cash, securities or other property or the
incurring or assumption of indebtedness, no determination of Cost
shall be required, and, wherever in this Indenture provision is made
for Cost or Fair Value, Cost with respect to such Property Additions
shall mean an amount equal to the Fair Value to the Company thereof
or, if greater, the aggregate amount reflected in the Company's books
of account with respect thereto upon the acquisition thereof; and
(iii) in no event shall the Cost of Property Additions be
required to reflect any depreciation or amortization in respect of
such Property Additions, or any adjustment to the amount or amounts at
which such Property Additions are recorded in plant or other property
accounts due to the non-recoverability of investment or otherwise.
If any Property Additions are shown by the Expert's Certificate
provided for in Section 1603(b)(ii) to include property which has been used or
operated by others than the Company in a business similar to that in which it
has been or is to be used or operated by the Company, the Cost thereof need not
be reduced by any amount in respect of any goodwill, going concern value rights
and/or intangible property simultaneously acquired for which no separate or
distinct consideration shall have been paid or apportioned, and in such case the
term Property Additions as defined herein may include such goodwill, going
concern value rights and intangible property.
SECTION 104. Compliance Certificates and Opinions.
Except as otherwise expressly provided in this Indenture, upon any
application or request by the Company to the Trustee to take any action under
any provision of this Indenture, the Company shall furnish to the Trustee an
Officer's Certificate stating that in the opinion of the Authorized Officer
executing such Officer's Certificate all conditions precedent, if any, provided
for in this Indenture relating to the proposed action (including any covenants
compliance with which constitutes a condition precedent) have been complied with
and an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent, if any, have been complied with, except that in the case
of any such application or request as to which the furnishing of such documents
is specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be
furnished.
Every certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture shall include:
22
(a) a statement that each Person signing such certificate or opinion
has read such covenant or condition and the definitions herein relating thereto;
(b) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such
certificate or opinion are based;
(c) a statement that, in the opinion of each such Person, such Person
has made such examination or investigation as is necessary to enable such Person
to express an informed opinion as to whether or not such covenant or condition
has been complied with; and
(d) a statement as to whether, in the opinion of each such Person,
such condition or covenant has been complied with.
SECTION 105. Form of Documents Delivered to Trustee.
(a) Any Officer's Certificate may be based (without further
examination or investigation), insofar as it relates to or is dependent upon
legal matters, upon an opinion of, or representations by, counsel, and, insofar
as it relates to or is dependent upon matters which are subject to verification
by Accountants, upon a certificate or opinion of, or representations by, an
Accountant, and insofar as it relates to or is dependent upon matters which are
required in this Indenture to be covered by a certificate or opinion of, or
representations by, an Expert, upon the certificate or opinion of, or
representations by, an Expert, unless, in any case, such officer has actual
knowledge that the certificate or opinion or representations with respect to the
matters upon which such Officer's Certificate may be based as aforesaid are
erroneous.
Any Expert's Certificate may be based (without further examination or
investigation), insofar as it relates to or is dependent upon legal matters,
upon an opinion of, or representations by, counsel, and insofar as it relates to
or is dependent upon factual matters, information with respect to which is in
the possession of the Company and which are not subject to verification by
Experts, upon a certificate or opinion of, or representations by, an officer or
officers of the Company, unless such expert has actual knowledge that the
certificate or opinion or representations with respect to the matters upon which
his certificate or opinion may be based as aforesaid are erroneous.
Any certificate of an Accountant may be based (without further
examination or investigation), insofar as it relates to or is dependent upon
legal matters, upon an opinion of, or representations by, counsel, and in so far
as it relates to or is dependent upon factual matters, information with respect
to which is in the possession of the Company and which are not subject to
verification by Accountants, upon a certificate of, or representations by, an
officer or officers of the Company, unless such Accountant has actual knowledge
that the certificate or opinion or representations with respect to the matters
upon which his certificate or opinion may be based as aforesaid are erroneous.
Any Opinion of Counsel may be based (without further examination or
investigation), insofar as it relates to or is dependent upon factual matters,
information with respect to which is in the possession of the Company, upon a
certificate of, or representations by, an officer or officers of the Company,
and, insofar as it relates to or is dependent upon matters which are subject to
verification by Accountants upon a certificate or opinion of, or representations
by, an Accountant, and, insofar as it relates to or is dependent upon matters
required in this Indenture to be covered by a certificate or opinion of, or
representations by, an Expert, upon the certificate or opinion of, or
representations by, an Expert, unless such counsel has actual knowledge that the
certificate or opinion or representations with respect to
23
the matters upon which his opinion may be based as aforesaid are erroneous. In
addition, any Opinion of Counsel may be based (without further examination or
investigation), insofar as it relates to or is dependent upon matters covered in
an Opinion of Counsel rendered by other counsel, upon such other Opinion of
Counsel, unless such counsel has actual knowledge that the Opinion of Counsel
rendered by such other counsel with respect to the matters upon which his
Opinion of Counsel may be based as aforesaid are erroneous. Further, any Opinion
of Counsel with respect to the status of title to or the sufficiency of
descriptions of property, and/or the existence of Liens thereon, and/or the
recording or filing of documents, and/or any similar matters, may be based
(without further examination or investigation) upon (i) title insurance policies
or commitments and reports, abstracts of title, lien search certificates and
other similar documents or (ii) certificates of, or representations by,
officers, employees, agents and/or other representatives of the Company or (iii)
any combination of the documents referred to in (i) and (ii), unless, in any
case, such counsel has actual knowledge that the document or documents with
respect to the matters upon which his opinion may be based as aforesaid are
erroneous. If, in order to render any Opinion of Counsel provided for herein,
the signer thereof shall deem it necessary that additional facts or matters be
stated in any Officer's Certificate, certificate of an Accountant or Expert's
Certificate provided for herein, then such certificate may state all such
additional facts or matters as the signer of such Opinion of Counsel may
request.
(b) In any case where several matters are required to be certified by,
or covered by an opinion of, any specified Person, it is not necessary that all
such matters be certified by, or covered by the opinion of, only one such
Person, or that they be so certified or covered by only one document, but one
such Person may certify or give an opinion with respect to some matters and one
or more other such Persons as to other matters, and any such Person may certify
or give an opinion as to such matters in one or several documents. Where (i) any
Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this
Indenture, or (ii) two or more Persons are each required to make, give or
execute any such application, request, consent, certificate, statement, opinion
or other instrument, any such applications, requests, consents, certificates,
statements, opinions or other instruments may, but need not, be consolidated and
form one instrument.
(c) Whenever, subsequent to the receipt by the Trustee of any Board
Resolution, Officer's Certificate, Expert's Certificate, Opinion of Counsel or
other document or instrument, a clerical, typographical or other inadvertent or
unintentional error or omission shall be discovered therein, a new document or
instrument may be substituted therefor in corrected form with the same force and
effect as if originally filed in the corrected form and, irrespective of the
date or dates of the actual execution and/or delivery thereof, such substitute
document or instrument shall be deemed to have been executed and/or delivered as
of the date or dates required with respect to the document or instrument for
which it is substituted. Anything in this Indenture to the contrary
notwithstanding, if any such corrective document or instrument indicates that
action has been taken by or at the request of the Company which could not have
been taken had the original document or instrument not contained such error or
omission, the action so taken shall not be invalidated or otherwise rendered
ineffective but shall be and remain in full force and effect, except to the
extent that such action was a result of willful misconduct or bad faith. Without
limiting the generality of the foregoing, any Securities issued under the
authority of such defective document or instrument shall nevertheless be the
valid obligations of the Company entitled to the benefits of this Indenture
equally and ratably with all other Outstanding Securities, except as aforesaid.
24
SECTION 106. Acts of Holders.
(a) Any request, demand, authorization, direction, notice, consent,
election, waiver or other action provided by this Indenture to be made, given or
taken by Holders may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Holders in person or by an agent duly
appointed in writing or, alternatively, may be embodied in and evidenced by the
record of Holders voting in favor thereof, either in person or by proxies duly
appointed in writing, at any meeting of Holders duly called and held in
accordance with the provisions of Article Fourteen, or a combination of such
instruments and any such record. Except as herein otherwise expressly provided,
such action shall become effective when such instrument or instruments or record
or both are delivered to the Trustee and, where it is hereby expressly required,
to the Company. Such instrument or instruments and any such record (and the
action embodied therein and evidenced thereby) are herein sometimes referred to
as the "Act" of the Holders signing such instrument or instruments and so voting
at any such meeting. Proof of execution of any such instrument or of a writing
appointing any such agent, or of the holding by any Person of a Security, shall
be sufficient for any purpose of this Indenture and (subject to Section 1001)
conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section. The record of any meeting of Holders shall be proved
in the manner provided in Section 1406.
(b) The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by
law to take acknowledgments of deeds, certifying that the individual signing
such instrument or writing acknowledged to him the execution thereof or may be
proved in any other manner which the Trustee and the Company deem sufficient.
Where such execution is by a signer acting in a capacity other than his
individual capacity, such certificate or affidavit shall also constitute
sufficient proof of his authority.
(c) The ownership, principal amount (except as otherwise contemplated
in clause (y) of the first proviso to the definition of Outstanding) and serial
numbers of Securities held by any Person, and the date of holding the same,
shall be proved by the Security Register.
(d) Any request, demand, authorization, direction, notice, consent,
election, waiver or other Act of a Holder shall bind every future Holder of the
same Security and the Holder of every Security issued upon the registration of
transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done, omitted or suffered to be done by the Trustee or the Company in
reliance thereon, whether or not notation of such action is made upon such
Security.
(e) Until such time as written instruments shall have been delivered
to the Trustee with respect to the requisite percentage of principal amount of
Securities for the action contemplated by such instruments, any such instrument
executed and delivered by or on behalf of a Holder may be revoked with respect
to any or all of such Securities by written notice by such Holder or any
subsequent Holder, proven in the manner in which such instrument was proven.
(f) Securities of any series, or any Tranche thereof, authenticated
and delivered after any Act of Holders may, and shall if required by the
Trustee, bear a notation in form approved by the Trustee as to any action taken
by such Act of Holders. If the Company shall so determine, new Securities of any
series, or any Tranche thereof, so modified as to conform, in the opinion of the
Trustee and the Company, to such action may be prepared and executed by the
Company and authenticated and delivered by the Trustee in exchange for
Outstanding Securities of such series or Tranche.
25
(g) If the Company shall solicit from Holders any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Company may,
at its option, fix in advance a record date for the determination of Holders
entitled to give such request, demand, authorization, direction, notice,
consent, waiver or other Act, but the Company shall have no obligation to do so.
If such a record date is fixed, such request, demand, authorization, direction,
notice, consent, waiver or other Act may be given before or after such record
date, but only the Holders of record at the close of business on the record date
shall be deemed to be Holders for the purposes of determining whether Holders of
the requisite proportion of the Outstanding Securities have authorized or agreed
or consented to such request, demand, authorization, direction, notice, consent,
waiver or other Act, and for that purpose the Outstanding Securities shall be
computed as of the record date.
SECTION 107. Notices, Etc. to Trustee or Company.
Except as otherwise provided herein, any request, demand,
authorization, direction, notice, consent, election, waiver or Act of Holders or
other document provided or permitted by this Indenture to be made upon, given or
furnished to, or filed with, the Trustee by any Holder or by the Company, or the
Company by the Trustee or by any Holder, shall be sufficient for every purpose
hereunder (unless otherwise expressly provided herein) if in writing and
delivered personally to an officer or other responsible employee of the
addressee, or transmitted by facsimile transmission or other direct written
electronic means to such telephone number or other electronic communications
address set forth for such party below or such other address as the parties
hereto shall from time to time designate, or delivered by registered or
certified mail or reputable overnight courier, charges prepaid, to the
applicable address set forth for such party below or to such other address as
either party hereto may from time to time designate:
If to the Trustee, to:
The Bank of New York
Corporate Trust Division - Corporate Finance Unit
101 Barclay Street, Floor 8W
New York, New York 10286
Attention: Barbara Bevelacqua
Telephone: (212) 815-5091
Telecopy: (212) 815-5707
If to the Company, to:
MDU Resources Group, Inc.
Schuchart Buiding
918 East Divide Avenue
Bismarck, North Dakota 58506-5650
Attention: Warren L. Robinson, Executive Vice President,
Treasurer and Chief Financial Officer
Telephone: (701) 222-7900
Telecopy: (701) 222-7607
26
Any communication contemplated herein shall be deemed to have been
made, given, furnished and filed if personally delivered, on the date of
delivery, if transmitted by facsimile transmission or other direct written
electronic means, on the date of transmission, and if transmitted by registered
or certified mail or reputable overnight courier, on the date of receipt.
SECTION 108. Notice to Holders of Securities; Waiver.
Except as otherwise expressly provided herein, where this Indenture
provides for notice to Holders of any event, such notice shall be sufficiently
given, and shall be deemed given, to Holders if in writing and mailed,
first-class postage prepaid, to each Holder affected by such event, at the
address of such Holder as it appears in the Security Register, not later than
the latest date, and not earlier than the earliest date, if any, prescribed for
the giving of such Notice.
In case by reason of the suspension of regular mail service or by
reason of any other cause it shall be impracticable to give such notice to
Holders by mail, then such notification as shall be made with the approval of
the Trustee shall constitute a sufficient notification for every purpose
hereunder. In any case where notice to Holders is given by mail, neither the
failure to mail such notice, nor any defect in any notice so mailed, to any
particular Holder shall affect the sufficiency of such notice with respect to
other Holders.
Any notice required by this Indenture may be waived in writing by the
Person entitled to receive such notice, either before or after the event
otherwise to be specified therein, and such waiver shall be the equivalent of
such notice. Waivers of notice by Holders shall be filed with the Trustee, but
such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver.
SECTION 109. Conflict with Trust Indenture Act.
If any provision of this Indenture limits, qualifies or conflicts with
another provision hereof which is required or deemed to be included in this
Indenture by, or is otherwise governed by, any provision of the Trust Indenture
Act, such other provision shall control; and if any provision hereof otherwise
conflicts with the Trust Indenture Act, the Trust Indenture Act shall control
unless otherwise provided as contemplated by Section 301 with respect to any
series of Securities.
SECTION 110. Effect of Headings and Table of Contents.
The Article and Section headings in this Indenture and the Table of
Contents are for convenience only and shall not affect the construction hereof.
SECTION 111. Successors and Assigns.
All covenants and agreements in this Indenture by the Company and
Trustee shall bind their respective successors and assigns, whether so expressed
or not.
SECTION 112. Separability Clause.
In case any provision in this Indenture or the Securities shall be
held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.
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SECTION 113. Benefits of Indenture.
Nothing in this Indenture or the Securities, express or implied, shall
give to any Person, other than the parties hereto, their successors hereunder
and the Holders of any Outstanding Securities, any benefit or any legal or
equitable right, remedy or claim under this Indenture.
SECTION 114. Governing Law.
This Indenture and the Securities shall be governed by and construed
in accordance with the law of the State of New York (including without
limitation Section 5-1401 of the New York General Obligations Law or any
successor to such statute), except to the extent that the Trust Indenture Act
shall be applicable and except to the extent that the law of any jurisdiction
wherein any portion of the Mortgaged Property is located shall mandatorily
govern the creation of a mortgage lien on or security interest in, or
perfection, priority or enforcement of the Lien of this Indenture or exercise of
remedies with respect to, such portion of the Mortgaged Property.
SECTION 115. Legal Holidays.
In any case where any Interest Payment Date, Redemption Date or Stated
Maturity of any Security shall not be a Business Day at any Place of Payment,
then (notwithstanding any other provision of this Indenture or of the Securities
other than a provision in Securities of any series, or any Tranche thereof, or
in the indenture supplemental hereto, Board Resolution or Officer's Certificate
which establishes the terms of the Securities of such series or Tranche, which
specifically states that such provision shall apply in lieu of this Section)
payment of interest or principal and premium, if any, need not be made at such
Place of Payment on such date, but may be made on the next succeeding Business
Day at such Place of Payment with the same force and effect as if made on the
Interest Payment Date, Redemption Date, or Stated Maturity, and, if such payment
is made or duly provided for on such Business Day, no interest shall accrue on
the amount so payable for the period from and after such Interest Payment Date,
Redemption Date or Stated Maturity, as the case may be, to such Business Day.
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SECTION 116. Investment of Cash Held by Trustee.
Any cash held by the Trustee or any Paying Agent under any provision
of this Indenture shall, except as otherwise provided in Section 1806 or in
Article Eight, at the request of the Company evidenced by Company Order, be
invested or reinvested in Investment Securities designated by the Company (such
Company Order to contain a representation to the effect that the securities
designated therein constitute Investment Securities), and any interest on such
Investment Securities shall be promptly paid over to the Company as received
free and clear of any Lien. Such Investment Securities shall be held subject to
the same provisions hereof as the cash used to purchase the same, but upon a
like request of the Company shall be sold, in whole or in designated part, and
the proceeds of such sale shall be held subject to the same provisions hereof as
the cash used to purchase the Investment Securities so sold. If such sale shall
produce a net sum less than the cost of the Investment Securities so sold, the
Company shall pay to the Trustee or any such Paying Agent, as the case may be,
such amount in cash as, together with the net proceeds from such sale, shall
equal the cost of the Investment Securities so sold, and if such sale shall
produce a net sum greater than the cost of the Investment Securities so sold,
the Trustee or any such Paying Agent, as the case may be, shall promptly pay
over to the Company an amount in cash equal to such excess, free and clear of
any Lien. In no event shall the Trustee be liable for any loss incurred in
connection with the sale of any Investment Security pursuant to this Section.
Notwithstanding the foregoing, if an Event of Default shall have
occurred and be continuing, interest on Investment Securities and any gain upon
the sale thereof shall be held as part of the Mortgaged Property until such
Event of Default shall have been cured or waived, whereupon such interest and
gain shall be promptly paid over to the Company free and clear of any Lien.
ARTICLE TWO
Security Forms
SECTION 201. Forms Generally.
The definitive Securities of each series shall be in substantially the
form or forms thereof established in the indenture supplemental hereto
establishing such series or in a Board Resolution establishing such series, or
in an Officer's Certificate pursuant to such a supplemental indenture or Board
Resolution, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this
Indenture, and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required to comply
with the rules of any securities exchange or as may, consistently herewith, be
determined by the officers executing such Securities, as evidenced by their
execution thereof. If the form or forms of Securities of any series are
established in a Board Resolution or in an Officer's Certificate pursuant to a
Supplemental Indenture or a Board Resolution, such Board Resolution and
Officer's Certificate, if any, shall be delivered to the Trustee at or prior to
the delivery of the Company Order contemplated by Section 303 for the
authentication and delivery of such Securities.
Unless otherwise specified as contemplated by Section 301, the
Securities of each series shall be issuable in registered form without coupons.
The definitive Securities shall be produced in such manner as shall be
determined by the officers executing such Securities, as evidenced by their
execution thereof.
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SECTION 202. Form of Trustee's Certificate of Authentication.
The Trustee's certificate of authentication shall be in substantially
the form set forth below:
This is one of the Securities of the series designated therein
referred to in the within-mentioned Indenture.
THE BANK OF NEW YORK,
as Trustee
By: _____________________________
Authorized Signatory
ARTICLE THREE
The Securities
SECTION 301. Amount Unlimited; Issuable in Series.
The aggregate principal amount of Securities which may be
authenticated and delivered under this Indenture is unlimited.
The Securities may be issued in one or more series. Subject to the
last paragraph of this Section, prior to the authentication and delivery of
Securities of any series there shall be established by specification in a
supplemental indenture or in a Board Resolution or in an Officer's Certificate
pursuant to a supplemental indenture or a Board Resolution:
(a) the title of the Securities of such series (which shall
distinguish the Securities of such series from Securities of all other series);
(b) any limit upon the aggregate principal amount of the Securities of
such series which may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon registration of transfer
of, or in exchange for, or in lieu of, other Securities of such series pursuant
to Section 304, 305, 306, 506 or 1306 and except for any Securities which,
pursuant to Section 303, are deemed never to have been authenticated and
delivered hereunder);
(c) the Person or Persons (without specific identification) to whom
any interest on Securities of such series, or any Tranche thereof, shall be
payable, if other than the Person in whose name that Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest;
(d) the date or dates on which the principal of the Securities of such
series or any Tranche thereof, is payable or any formulary or other method or
other means by which such date or dates shall be determined, by reference to an
index or other fact or event ascertainable outside of this Indenture or
otherwise (without regard to any provisions for redemption, prepayment,
acceleration, purchase or
30
extension); and the right, if any, to extend the Maturity of the Securities of
such series, or any Tranche thereof, and the duration of any such extension;
(e) the rate or rates at which the Securities of such series, or any
Tranche thereof, shall bear interest, if any (including the rate or rates at
which overdue principal shall bear interest after Maturity if different from the
rate or rates at which such Securities shall bear interest prior to Maturity,
and, if applicable, the rate or rates at which overdue premium or interest shall
bear interest, if any), or any formulary or other method or other means by which
such rate or rates shall be determined by reference to an index or other fact or
event ascertainable outside of this Indenture or otherwise, the date or dates
from which such interest shall accrue; the Interest Payment Dates and the
Regular Record Dates, if any, for the interest payable on such Securities on any
Interest Payment Date; and the basis of computation of interest, if other than
as provided in Section 310; and the right, if any, to extend the interest
payment periods and the duration of any such extension;
(f) the place or places at which and/or methods (if other than as
provided elsewhere in this Indenture) by which (i) the principal of and premium,
if any, and interest, if any, on Securities of such series, or any Tranche
thereof, shall be payable, (ii) registration of transfer of Securities of such
series, or any Tranche thereof, may be effected, (iii) exchanges of Securities
of such series, or any Tranche thereof, may be effected and (iv) notices and
demands to or upon the Company in respect of the Securities of such series, or
any Tranche thereof, and this Indenture may be served; the Security Registrar
and any Paying Agent or Agents for such series or Tranche; and, if such is the
case, that the principal of such Securities shall be payable without the
presentment or surrender thereof;
(g) the period or periods within which, or the date or dates on which,
the price or prices at which and the terms and conditions upon which the
Securities of such series, or any Tranche thereof, may be redeemed, in whole or
in part, at the option of the Company and any restrictions on such redemptions;
including but not limited to a restriction on a partial redemption by the
Company of the Securities of any series, or any Tranche thereof, resulting in
delisting of such Securities from any national exchange;
(h) the obligation or obligations, if any, of the Company to redeem or
purchase or repay the Securities of such series, or any Tranche thereof,
pursuant to any sinking fund or other mandatory redemption provisions or at the
option of a Holder thereof and the period or periods within which or the date or
dates on which, the price or prices at which and the terms and conditions upon
which such Securities shall be redeemed or purchased or repaid, in whole or in
part, pursuant to such obligation and applicable exceptions to the requirements
of Section 504 in the case of mandatory redemption or redemption or repayment at
the option of the Holder;
(i) the denominations in which Securities of such series, or any
Tranche thereof, shall be issuable if other than denominations of One Thousand
Dollars ($1,000) and any integral multiple thereof;
(j) if the principal of or premium, if any, or interest, if any, on
the Securities of such series, or any Tranche thereof, are to be payable, at the
election of the Company or a Holder thereof, in a coin or currency other than
that in which the Securities are stated to be payable, the period or periods
within which, and the terms and conditions upon which, such election may be made
and the manner in which the amount of such coin or currency payable is to be
determined;
(k) the currency or currencies, including composite currencies, in
which payment of the principal of and premium, if any, and interest, if any, on
the Securities of such series, or any Tranche
31
thereof, shall be payable (if other than Dollars) and the manner in which the
equivalent of the principal amount thereof in Dollars is to be determined for
any purpose, including for the purpose of determining the principal amount
deemed to be Outstanding at any time;
(l) if the principal of or premium, if any, or interest, if any, on
the Securities of such series, or any Tranche thereof, are to be payable, or are
to be payable at the election of the Company or a Holder thereof, in securities
or other property, the type and amount of such securities or other property, or
the formulary or other method or other means by which such amount shall be
determined, and the period or periods within which, and the terms and conditions
upon which, any such election may be made;
(m) if the amount payable in respect of principal of or premium, if
any, or interest, if any, on the Securities of such series, or any Tranche
thereof, may be determined with reference to an index or other fact or event
ascertainable outside this Indenture, the manner in which such amounts shall be
determined to the extent not established pursuant to clause (e) of this
paragraph;
(n) if other than the entire principal amount thereof, the portion of
the principal amount of Securities of such series, or any Tranche thereof, which
shall be payable upon declaration of acceleration of the Maturity thereof
pursuant to Section 902;
(o) any Events of Default, in addition to those specified in Section
901, or any exceptions to those specified in Section 901, with respect to the
Securities of such series, and any covenants of the Company for the benefit of
the Holders of the Securities of such series, or any Tranche thereof, in
addition to those set forth in Article Seven, or any exceptions to those set
forth in Article Seven;
(p) the terms, if any, pursuant to which the Securities of such
series, or any Tranche thereof, may be converted into or exchanged for shares of
capital stock or other securities of the Company or any other Person;
(q) the obligations or instruments, if any, which shall be considered
to be Eligible Obligations in respect of the Securities of such series, or any
Tranche thereof, denominated in a currency other than Dollars or in a composite
currency, whether Eligible Obligations include Investment Securities with
respect to Securities of such series, and any provisions for satisfaction and
discharge of Securities of any series, in addition to those set forth in Article
Eight, or any exceptions to those set forth in Article Eight;
(r) if the Securities of such series, or any Tranche thereof, are to
be issued in global form, (i) any limitations on the rights of the Holder or
Holders of such Securities to transfer or exchange the same or to obtain the
registration of transfer thereof, (ii) any limitations on the rights of the
Holder or Holders thereof to obtain certificates therefor in definitive form in
lieu of global form and (iii) any other matters incidental to such Securities;
(s) if the Securities of such series, or any Tranche thereof, are to
be issuable as bearer securities, any and all matters incidental thereto which
are not specifically addressed in a supplemental indenture as contemplated by
clause (g) of Section 1301;
(t) to the extent not established pursuant to clause (r) of this
paragraph, any limitations on the rights of the Holders of the Securities of
such Series, or any Tranche thereof, to transfer or exchange such Securities or
to obtain the registration of transfer thereof; and if a service charge will be
32
made for the registration of transfer or exchange of Securities of such series,
or any Tranche thereof, the amount or terms thereof;
(u) any exceptions to Section 115, or variation in the definition of
Business Day, with respect to the Securities of such series, or any Tranche
thereof;
(v) whether the Securities of such series are Benefitted Securities
under Section 707;
(w) any other terms of the Securities of such series, or any Tranche
thereof, that the Company may elect to specify.
With respect to Securities of a series subject to a Periodic Offering,
the indenture supplemental hereto or the Board Resolution which establishes such
series, or the Officer's Certificate pursuant to such supplemental indenture or
Board Resolution, as the case may be, may provide general terms or parameters
for Securities of such series and provide either that the specific terms of
Securities of such series, or any Tranche thereof, shall be specified in a
Company Order or that such terms shall be determined by the Company or its
agents in accordance with procedures specified in a Company Order as
contemplated in clause (b) of Section 303.
Unless otherwise provided with respect to a series of Securities as
contemplated in Section 301(b), the aggregate principal amount of a series of
Securities may be increased and additional Securities of such series may be
issued up to the maximum aggregate principal amount authorized with respect to
such series as increased.
SECTION 302. Denominations.
Unless otherwise provided as contemplated by Section 301 with respect
to any series of Securities, or any Tranche thereof, the Securities of each
series shall be issuable in denominations of One Thousand Dollars ($1,000) and
any integral multiple thereof.
SECTION 303. Execution, Authentication, Delivery and Dating.
Unless otherwise provided as contemplated by Section 301 with respect
to any series of Securities or any Tranche thereof, the Securities shall be
executed on behalf of the Company by an Authorized Officer, and may have the
corporate seal of the Company affixed thereto or reproduced thereon attested by
any other Authorized Officer or by the Secretary or an Assistant Secretary of
the Company. The signature of any or all of these officers on the Securities may
be manual or facsimile.
Securities bearing the manual or facsimile signatures of individuals
who were at the time of execution Authorized Officers or the Secretary or an
Assistant Secretary of the Company shall bind the Company, notwithstanding that
such individuals or any of them have ceased to hold such offices prior to the
authentication and delivery of such Securities or did not hold such offices at
the date of such Securities.
The Trustee shall authenticate and deliver Securities of a series for
original issue, at one time or from time to time in accordance with the Company
Order referred to below, upon receipt by the Trustee of:
33
(a) the instrument or instruments establishing the form or forms and
terms of the Securities of such series, as provided in Sections 201 and 301;
(b) a Company Order requesting the authentication and delivery of such
Securities and, to the extent that the terms of such Securities shall not have
been established in an indenture supplemental hereto or in a Board Resolution,
or in an Officer's Certificate pursuant to a supplemental indenture or Board
Resolution, all as contemplated by Section 301, either (i) establishing such
terms or (ii) in the case of Securities of a series subject to a Periodic
Offering, specifying procedures, acceptable to the Trustee, by which such terms
are to be established (which procedures may provide, to the extent acceptable to
the Trustee, for authentication and delivery pursuant to oral or electronic
instructions from the Company or any agent or agents thereof, which oral
instructions are to be promptly confirmed electronically or in writing), in
either case in accordance with the instrument or instruments establishing the
terms of the Securities of such series delivered pursuant to clause (a) above.
If applicable, the Company Order shall also designate the related series of
Class A Bonds being delivered to the Trustee in connection with the issuance of
such series of Securities;
(c) if prior to the Release Date, any opinions, certificates,
documents and instruments required by Article Sixteen;
(d) Securities of such series, each executed on behalf of the Company
by an Authorized Officer of the Company;
(e) an Officer's Certificate (i) which shall comply with the
requirements of Section 104 of this Indenture and (ii) which states that no
Event of Default under this Indenture has occurred or is occurring;
(f) an Opinion of Counsel which shall comply with the requirements of
Section 104 of this Indenture and that states that:
(i) the form or forms of such Securities have been duly
authorized by the Company and have been established in conformity with
the provisions of this Indenture;
(ii) the terms of such Securities have been duly authorized by
the Company and have been established in conformity with the
provisions of this Indenture; and
(iii) when such Securities shall have been authenticated and
delivered by the Trustee and issued and delivered by the Company in
the manner and subject to any conditions specified in such Opinion of
Counsel, such Securities will have been duly issued under this
Indenture and will constitute valid and legally binding obligations of
the Company, entitled to the benefits provided by this Indenture, and
enforceable in accordance with their terms, subject, as to
enforcement, to laws relating to or affecting generally the
enforcement of mortgagees' and other creditors' rights, including,
without limitation, bankruptcy, insolvency, reorganization,
receivership, moratorium and other laws affecting the rights and
remedies of creditors and mortgagees generally and general principles
of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law).
provided, however, that, with respect to Securities of a series subject to a
Periodic Offering, the Trustee shall be entitled to receive such Opinion of
Counsel only once at or prior to the time of the first
34
authentication and delivery of Securities of such series and that in lieu of the
opinions described in clauses (ii) and (iii) above such Opinion of Counsel may,
alternatively, state, respectively,
(x) that, when the terms of such Securities shall have been
established pursuant to a Company Order or Orders, or pursuant to such
procedures as may be specified from time to time by a Company Order or
Orders, all as contemplated by and in accordance with the instrument
or instruments delivered pursuant to clause (a) above, such terms will
have been duly authorized by the Company and will have been
established in conformity with the provisions of this Indenture; and
(y) that, such Securities, when (1) executed by the Company, (2)
authenticated and delivered by the Trustee in accordance with this
Indenture, (3) issued and delivered by the Company and (4) paid for,
all as contemplated by and in accordance with the aforesaid Company
Order or Orders, as the case may be, will have been duly issued under
this Indenture and will constitute valid and legally binding
obligations of the Company, entitled to the benefits provided by the
Indenture, and enforceable in accordance with their terms, subject, as
to enforcement, to laws relating to or affecting generally the
enforcement of mortgagees' and other creditors' rights, including,
without limitation, bankruptcy, insolvency, reorganization,
receivership, moratorium and other laws affecting the rights and
remedies of creditors and mortgagees generally and general principles
of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law).
With respect to Securities of a series subject to a Periodic Offering,
the Trustee may conclusively rely, as to the authorization by the Company of any
of such Securities, the forms and terms thereof and the legality, validity,
binding effect and enforceability thereof, and compliance of the authentication
and delivery thereof with the terms and conditions of this Indenture, upon the
Opinion of Counsel and other documents delivered pursuant to Sections 201 and
301 and this Section, as applicable, at or prior to the time of the first
authentication of Securities of such series, unless and until such opinion or
other documents have been superseded or revoked or expire by their terms. In
connection with the authentication and delivery of Securities of a series,
pursuant to a Periodic Offering, the Trustee shall be entitled to assume that
the Company's instructions to authenticate and deliver such Securities do not
violate any applicable law or any applicable rule, regulation or order of any
Governmental Authority having jurisdiction over the Company.
If the forms or terms of the Securities of any series have been
established by or pursuant to a Board Resolution or an Officer's Certificate as
permitted by Sections 201 or 301, the Trustee shall not be required to
authenticate such Securities if the issuance of such Securities pursuant to this
Indenture will affect the Trustee's own rights, duties or immunities under the
Securities and this Indenture or otherwise in a manner which is not reasonably
acceptable to the Trustee.
Except as otherwise specified as contemplated by Section 301 with
respect to any series of Securities, or any Tranche thereof, each Security shall
be dated the date of its authentication.
Except as otherwise specified as contemplated by Section 301 with
respect to any series of Securities, or any Tranche thereof, no Security shall
be entitled to any benefit under this Indenture or be valid or obligatory for
any purpose unless there appears on such Security a certificate of
authentication substantially in the form provided for herein executed by the
Trustee or its agent by manual signature of an authorized officer thereof, and
such certificate upon any Security shall be conclusive evidence, and the
35
only evidence, that such Security has been duly authenticated and delivered
hereunder and is entitled to the benefits of this Indenture. Notwithstanding the
foregoing, if any Security shall have been authenticated and delivered hereunder
to the Company, or any Person acting on its behalf, but shall never have been
issued and sold by the Company, and the Company shall deliver such Security to
the Trustee for cancellation as provided in Section 309 together with a written
statement (which need not comply with Section 104 and need not be accompanied by
an Opinion of Counsel) stating that such Security has never been issued and sold
by the Company, for all purposes of this Indenture such Security shall be deemed
never to have been authenticated and delivered hereunder and shall never be
entitled to the benefits hereof.
SECTION 304. Temporary Securities.
Pending the preparation of definitive Securities of any series, or any
Tranche thereof, the Company may execute, and upon Company Order the Trustee
shall authenticate and deliver, temporary Securities which are printed,
lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the definitive Securities in lieu of
which they are issued, with such appropriate insertions, omissions,
substitutions and other variations as any officer executing such Securities may
determine, as evidenced by such officer's execution of such Securities;
provided, however, that temporary Securities need not recite specific
redemption, sinking fund, conversion or exchange provisions.
Unless otherwise specified as contemplated by Section 301 with respect
to the Securities of any series, or any Tranche thereof, after the preparation
of definitive Securities of such series or Tranche, the temporary Securities of
such series or Tranche shall be exchangeable, without charge to the Holder
thereof, for definitive Securities of such series or Tranche upon surrender of
such temporary Securities at the office or agency of the Company maintained
pursuant to Section 702 in a Place of Payment for such Securities. Upon such
surrender of temporary Securities for such exchange, the Company shall, except
as aforesaid, execute and the Trustee shall authenticate and deliver in exchange
therefor definitive Securities of the same series and Tranche of authorized
denominations and of like tenor and aggregate principal amount.
Until exchanged in full as hereinabove provided, temporary Securities
shall in all respects be entitled to the same benefits under this Indenture as
definitive Securities of the same series and Tranche and of like tenor
authenticated and delivered hereunder.
SECTION 305. Registration, Registration of Transfer and Exchange.
The Company shall cause to be kept in each office designated pursuant
to Section 702, with respect to the Securities of each series, a register (all
registers kept in accordance with this Section being collectively referred to as
the "Security Register") in which, subject to such reasonable regulations as it
may prescribe, the Company shall provide for the registration of Securities of
such series, or any Tranche thereof, and the registration of transfer thereof.
The Company shall designate one Person to maintain the Security Register for the
Securities of each series on a consolidated basis, and such Person is referred
to herein, with respect to such series, as the "Security Registrar." Anything
herein to the contrary notwithstanding, the Company may designate one or more of
its offices as an office in which a register with respect to the Securities of
one or more series shall be maintained, and the Company may designate itself the
Security Registrar with respect to one or more of such series. The Security
Register shall be open for inspection by the Trustee and the Company at all
reasonable times.
36
Except as otherwise specified as contemplated by Section 301 with
respect to the Securities of any series, or any Tranche thereof, upon surrender
for registration of transfer of any Security of such series or Tranche at the
office or agency of the Company maintained pursuant to Section 702 in a Place of
Payment for such series or Tranche, the Company shall execute, and the Trustee
shall authenticate and deliver, in the name of the designated transferee or
transferees, one or more new Securities of the same series and Tranche, of
authorized denominations and of like tenor and aggregate principal amount.
Except as otherwise specified as contemplated by Section 301 with
respect to the Securities of any series, or any Tranche thereof, any Security of
such series or Tranche may be exchanged at the option of the Holder for one or
more new Securities of the same series and Tranche, of authorized denominations
and of like tenor and aggregate principal amount, upon surrender of the
Securities to be exchanged at any such office or agency. Whenever any Securities
are so surrendered for exchange, the Company shall execute, and the Trustee
shall authenticate and deliver, the Securities, which the Holder making the
exchange is entitled to receive.
All Securities delivered upon any registration of transfer or exchange
of Securities shall be valid obligations of the Company, evidencing the same
obligation, and entitled to the same benefits under this Indenture, as the
Securities surrendered upon such registration of transfer or exchange.
Every Security presented or surrendered for registration of transfer
or for exchange shall (if so required by the Company, the Trustee or the
Security Registrar) be duly endorsed or shall be accompanied by a written
instrument of transfer in form satisfactory to the Company, the Trustee or the
Security Registrar, as the case may be, duly executed by the Holder thereof or
his attorney duly authorized in writing.
Unless otherwise specified as contemplated by Section 301, with
respect to Securities of any series, or any Tranche thereof, no service charge
shall be made for any registration of transfer or exchange of Securities, but
the Company may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any registration of
transfer or exchange of Securities, other than exchanges pursuant to Section
304, 506 or 1306 not involving any transfer.
The Company shall not be required to execute or to provide for the
registration of transfer of or the exchange of (a) Securities of any series, or
any Tranche thereof, during a period of 15 days immediately preceding the date
notice is to be given identifying the serial numbers of the Securities of such
series or Tranche called for redemption, (b) any Security during the 15 days
before an interest payment date or (c) any Security so selected for redemption
in whole or in part, except the unredeemed portion of any Security being
redeemed in part.
SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities.
If any mutilated Security is surrendered to the Trustee, the Company
shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same series and Tranche, and of like tenor and
principal amount, bearing a number not contemporaneously outstanding.
If there shall be delivered to the Company and the Trustee (a)
evidence to their satisfaction of the ownership of and the destruction, loss or
theft of any Security and (b) such security or indemnity as may be reasonably
required by them to save each of them and any agent of any of them
37
harmless, then, in the absence of notice to the Company or the Trustee that such
Security has been acquired by a bona fide purchaser, the Company shall execute
and the Trustee shall authenticate and deliver, in lieu of any such destroyed,
lost or stolen Security, a new Security of the same series and Tranche, and of
like tenor and principal amount, bearing a number not contemporaneously
outstanding.
Notwithstanding the foregoing, in case any such mutilated, destroyed,
lost or stolen Security has become or is about to become due and payable, the
Company in its discretion may, instead of issuing a new Security, pay such
Security.
Upon the issuance of any new Security under this Section, the Company
may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
reasonable expenses (including the fees and expenses of the Trustee) in
connection therewith.
Every new Security of any series issued pursuant to this Section in
lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed,
lost or stolen Security shall be at any time enforceable by anyone other than
the Holder of such new Security, and any such new Security shall be entitled to
all the benefits of this Indenture equally and proportionately with any and all
other Securities of such series duly issued hereunder.
The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Securities.
SECTION 307. Payment of Interest; Interest Rights Preserved.
Unless otherwise specified as contemplated by Section 301 with respect
to the Securities of any series, or any Tranche thereof, interest on any
Security which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall be paid to the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business
on the Regular Record Date for such interest.
Any interest on any Security of any series which is payable, but is
not punctually paid or duly provided for, on any Interest Payment Date (herein
called "Defaulted Interest") shall forthwith cease to be payable to the Holder
on the related Regular Record Date by virtue of having been such Holder, and
such Defaulted Interest may be paid by the Company, at its election, as provided
in clause (a) or (b) below:
(a) The Company may elect to make payment of any Defaulted Interest to
the Persons in whose names the Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on a date (a
"Special Record Date") for the payment of such Defaulted Interest, which shall
be fixed in the following manner. The Company shall notify the Trustee in
writing of the amount of Defaulted Interest proposed to be paid on each Security
of such series and the date of the proposed payment, and at the same time the
Company shall deposit with the Trustee an amount of money equal to the aggregate
amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of
the proposed payment, such money when deposited to be held in trust for the
benefit of the Persons entitled to such Defaulted Interest as in this clause
provided. Thereupon the Trustee shall fix a Special Record Date for the payment
of such
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Defaulted Interest which shall be not more than 15 days and not less than 10
days prior to the date of the proposed payment and not less than 10 days after
the receipt by the Trustee of the notice of the proposed payment. The Trustee
shall promptly notify the Company of such Special Record Date and, in the name
and at the expense of the Company shall promptly cause notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be
mailed, first-class postage prepaid, to each Holder of Securities of such series
at the address of such Holder as it appears in the Security Register, not less
than 10 days prior to such Special Record Date. Notice of the proposed payment
of such Defaulted Interest and the Special Record Date therefor having been so
mailed, such Defaulted Interest shall be paid to the Persons in whose names the
Securities of such series (or their respective Predecessor Securities) are
registered at the close of business on such Special Record Date.
(b) The Company may make payment of any Defaulted Interest on the
Securities of any series in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Securities may be listed,
and upon such notice as may be required by such exchange, if, after notice given
by the Company to the Trustee of the proposed payment pursuant to this clause,
such manner of payment shall be deemed practicable by the Trustee.
Subject to the foregoing provisions of this Section and Section 305,
each Security delivered under this Indenture upon registration of transfer of or
in exchange for or in lieu of any other Security shall carry the rights to
interest accrued and unpaid, and to accrue, which were carried by such other
Security.
SECTION 308. Persons Deemed Owners.
Prior to due presentment of a Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name such Security is registered as the absolute owner of
such Security for the purpose of receiving payment of principal of and premium,
if any, and (subject to Sections 305 and 307) interest, if any, on such Security
and for all other purposes whatsoever, whether or not such Security be overdue,
and none of the Company, the Trustee or any agent of the Company or the Trustee
shall be affected by notice to the contrary.
SECTION 309. Cancellation.
All Securities surrendered for payment, redemption, registration of
transfer or exchange or for credit against any sinking fund payment shall, if
surrendered to any Person other than the Security Registrar, be delivered to the
Security Registrar and, if not theretofore canceled, shall be promptly canceled
by the Security Registrar. The Company may at any time deliver to the Security
Registrar for cancellation any Securities previously authenticated and delivered
hereunder which the Company may have acquired in any manner whatsoever or which
the Company shall not have issued and sold, and all Securities so delivered
shall be promptly canceled by the Security Registrar. No Securities shall be
authenticated in lieu of or in exchange for any Securities canceled as provided
in this Section, except as expressly permitted by this Indenture. All canceled
Securities held by the Security Registrar shall be disposed of in accordance
with the customary practices of the Security Registrar at the time in effect,
and the Security Registrar shall not be required to destroy any such
certificates. The Security Registrar shall promptly deliver a certificate of
disposition to the Trustee and the Company unless, by a Company Order, similarly
delivered, the Company shall direct that canceled Securities be returned to it.
The Security Registrar shall promptly deliver evidence of any cancellation of a
Security in accordance with this Section 309 to the Trustee and the Company.
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SECTION 310. Computation of Interest.
Except as otherwise specified as contemplated by Section 301 for
Securities of any series, or Tranche thereof, interest on the Securities of each
series shall be computed on the basis of a three hundred sixty (360) day year
consisting of twelve (12) thirty (30) day months, and with respect to any period
less than a full month, on the basis of the actual number of days elapsed during
such period. For example, the interest for a period running from the 15th day of
one month to the 15th day of the next month would be calculated on the basis of
one 30-day month.
SECTION 311. Payment to Be in Proper Currency.
In the case of any Security denominated in any currency other than
Dollars or in a composite currency (the "Required Currency"), except as
otherwise specified with respect to such Security as contemplated by Section
301, the obligation of the Company to make any payment of the principal thereof,
or the premium or interest thereon, shall not be discharged or satisfied by any
tender by the Company, or recovery by the Trustee, in any currency other than
the Required Currency, except to the extent that such tender or recovery shall
result in the Trustee timely holding the full amount of the Required Currency
then due and payable. If any such tender or recovery is in a currency other than
the Required Currency, the Trustee may take such actions as it considers
appropriate to exchange such currency for the Required Currency. The costs and
risks of any such exchange, including without limitation the risks of delay and
exchange rate fluctuation, shall be borne by the Company, the Company shall
remain fully liable for any shortfall or delinquency in the full amount of
Required Currency then due and payable, and in no circumstances shall the
Trustee be liable therefor except in the case of its negligence or willful
misconduct.
SECTION 312. Extension of Interest Payment.
The Company shall have the right at any time, to extend interest
payment periods on all the Securities of any series hereunder, if so specified
as contemplated by Section 301 with respect to such Securities and upon such
terms as may be specified as contemplated by Section 301 with respect to such
Securities.
SECTION 313. CUSIP Numbers.
The Company in issuing the Securities may use "CUSIP," ISIN or other
similar numbers (if then generally in use), and, if so, the Company, the Trustee
or the Security Registrar may use "CUSIP," ISIN or such other numbers in notices
or redemption as a convenience to Holders; provided that any such notice may
state that no representation is made as to the correctness of such numbers
either as printed on the Securities or as contained in any notice of a
redemption and that reliance may be placed only on the other identification
numbers printed on the Securities, in which case none of the Company or, as the
case may be, the Trustee or the Security Registrar, or any agent of any of them,
shall have any liability in respect of any CUSIP, ISIN or other number used on
any such notice, and any such redemption shall not be affected by any defect in
or omission of such numbers. The Company shall promptly notify the Trustee and
Security Registrar of any change in the CUSIP, ISIN or other such number.
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ARTICLE FOUR
Securities of the First and Second Series
There are hereby created two series of Securities (herein sometimes
referred to as "Securities of the First Series" and "Securities of the Second
Series," respectively). The form, designation and terms of the Securities of the
First Series and the Securities of the Second Series shall be established in a
supplemental indenture or a Board Resolution, and/or in an Officer's Certificate
pursuant to a supplemental indenture or a Board Resolution in accordance with
Section 301.
ARTICLE FIVE
Redemption of Securities
SECTION 501. Applicability of Article.
Securities of any series, or any Tranche thereof, which are redeemable
before their Stated Maturity shall be redeemable in accordance with their terms
and (except as otherwise specified as contemplated by Section 301 for Securities
of such series or Tranche) in accordance with this Article.
SECTION 502. Election to Redeem; Notice to Trustee.
The election of the Company to redeem any Securities shall be
evidenced by a Board Resolution or an Officer's Certificate. The Company shall,
at least 40 days prior to the Redemption Date fixed by the Company (unless a
shorter notice shall be satisfactory to the Trustee), notify the Trustee in
writing of such Redemption Date and of the principal amount of such Securities
to be redeemed. In the case of any redemption of Securities which are subject to
the prior compliance with any restriction or condition on such redemption
provided in the terms of such Securities or elsewhere in this Indenture, the
Company shall furnish the Trustee with an Officer's Certificate evidencing
compliance with such restriction or condition.
SECTION 503. Selection of Securities to Be Redeemed.
If less than all the Securities of any series, or any Tranche thereof,
are to be redeemed, the particular Securities to be redeemed shall be selected
by the Trustee from the Outstanding Securities of such series or Tranche not
previously called for redemption, by such method as shall be provided for such
particular series or Tranche, or in the absence of any such provision, by such
method of random selection as the Trustee shall deem fair and appropriate and
which may, in any case, provide for the selection for redemption of portions
(equal to any authorized denomination for Securities of such series or Tranche)
of the principal amount of Securities of such series or Tranche of a
denomination larger than the minimum authorized denomination for Securities of
such series or Tranche; provided, however, that if, as indicated in an Officer's
Certificate, the Company shall have offered to purchase all or any principal
amount of the Securities then Outstanding of any series, or any Tranche thereof,
and less than all of such Securities as to which such offer was made shall have
been tendered to the Company for such purchase, the Trustee, if so directed by
Company Order, shall select for redemption all or any principal amount of such
Securities which have not been so tendered.
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The Trustee shall promptly notify the Company and the Security
Registrar in writing of the Securities selected for redemption and, in the case
of any Securities selected to be redeemed in part, the principal amount thereof
to be redeemed.
For all purposes of this Indenture, unless the context otherwise
requires, all provisions relating to the redemption of Securities shall relate,
in the case of any Securities redeemed or to be redeemed only in part, to the
portion of the principal amount of such Securities which has been or is to be
redeemed.
SECTION 504. Notice of Redemption.
Except as otherwise specified as contemplated by Section 301 for
Securities of any series, notice of redemption shall be given in the manner
provided in Section 108 to the Holders of the Securities to be redeemed not less
than 30 days prior to the Redemption Date.
Except as otherwise specified as contemplated by Section 301 for
Securities of any series, all notices of redemption shall state:
(a) the Redemption Date,
(b) the Redemption Price (if known),
(c) if less than all the Securities of any series or Tranche are
to be redeemed, the identification of the particular Securities to be
redeemed and the portion of the principal amount of any Security to be
redeemed in part,
(d) that on the Redemption Date, the Redemption Price, together
with accrued interest, if any, to the Redemption Date, will become due
and payable upon each such Security to be redeemed and, if applicable,
that interest thereon will cease to accrue on and after said date,
(e) the place or places where such Securities are to be
surrendered for payment of the Redemption Price and accrued interest,
if any, unless it shall have been specified as contemplated by Section
301 with respect to such Securities that such surrender shall not be
required,
(f) that the redemption is for a sinking or other fund, if such
is the case,
(g) the CUSIP, ISIN or other similar numbers, if any, assigned to
such Securities; provided, however, that such notice may state that no
representation is made as to the correctness of CUSIP, ISIN or other
similar numbers, in which case none of the Company, the Trustee or any
agent of the Company or the Trustee shall have any liability in
respect of the use of any CUSIP, ISIN or other similar number or
numbers on such notices, and the redemption of such Securities shall
not be affected by any defect in or omission of such numbers, and
(h) such other matters as the Company shall deem desirable or
appropriate.
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Unless otherwise specified with respect to any Securities in
accordance with Section 301, with respect to any notice of redemption of
Securities at the election of the Company, unless, upon the giving of such
notice, such Securities shall be deemed to have been paid in accordance with
Section 801, such notice may state that such redemption shall be conditional
upon the receipt by the Paying Agent or Agents for such Securities, on or prior
to the date fixed for such redemption, of money sufficient to pay the principal
of and premium, if any, and interest, if any, on such Securities and that if
such money shall not have been so received such notice shall be of no force or
effect and the Company shall not be required to redeem such Securities. In the
event that such notice of redemption contains such a condition and such money is
not so received, the redemption shall not be made and within a reasonable time
thereafter notice shall be given, in the manner in which the notice of
redemption was given, that such money was not so received and such redemption
was not required to be made, and the Paying Agent or Agents for the Securities
otherwise to have been redeemed shall promptly return to the Holders thereof any
of such Securities which had been surrendered for payment upon such redemption.
Notice of redemption of Securities to be redeemed at the election of
the Company, and any notice of non-satisfaction of a condition for redemption as
aforesaid, shall be given by the Company or, at the Company's request, by the
Security Registrar in the name and at the expense of the Company. Notice of any
mandatory redemption of Securities shall be given by the Security Registrar in
the name and at the expense of the Company.
SECTION 505. Securities Payable on Redemption Date.
Notice of redemption having been given as aforesaid, and the
conditions, if any, set forth in such notice having been satisfied, the
Securities or portions thereof so to be redeemed shall, on the Redemption Date,
become due and payable at the Redemption Price therein specified, and from and
after such date (unless, in the case of an unconditional notice of redemption,
the Company shall default in the payment of the Redemption Price and accrued
interest, if any) such Securities or portions thereof, if interest-bearing,
shall cease to bear interest. Upon surrender of any such Security for redemption
in accordance with such notice, such Security or portion thereof shall be paid
by the Company at the Redemption Price, together with accrued interest, if any,
to the Redemption Date; provided, however, that no such surrender shall be a
condition to such payment if so specified as contemplated by Section 301 with
respect to such Security; and provided, further, that except as otherwise
specified as contemplated by Section 301 with respect to such Security, any
installment of interest on any Security the Stated Maturity of which installment
is on or prior to the Redemption Date shall be payable to the Holder of such
Security, or one or more Predecessor Securities, registered as such at the close
of business on the related Regular Record Date according to the terms of such
Security and subject to the provisions of Sections 305 and 307.
SECTION 506. Securities Redeemed in Part.
Upon the surrender of any Security which is to be redeemed only in
part at a Place of Payment therefor (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by, the Holder thereof
or his attorney duly authorized in writing), the Company shall execute, and the
Trustee shall authenticate and deliver to the Holder of such Security, without
service charge, a new Security or Securities of the same series and Tranche, of
any authorized denomination requested by such Holder and of like tenor and in
aggregate principal amount equal to and in exchange for the unredeemed portion
of the principal of the Security so surrendered.
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ARTICLE SIX
Sinking Funds
SECTION 601. Applicability of Article.
The provisions of this Article shall be applicable to any sinking fund
for the retirement of the Securities of any series, or any Tranche thereof,
except as otherwise specified as contemplated by Section 301 for Securities of
such series or Tranche.
The minimum amount of any sinking fund payment provided for by the
terms of Securities of any series, or any Tranche thereof, is herein referred to
as a "mandatory sinking fund payment", and any payment in excess of such minimum
amount provided for by the terms of Securities of any series, or any Tranche
thereof, is herein referred to as an "optional sinking fund payment". If
provided for by the terms of Securities of any series, or any Tranche thereof,
the cash amount of any sinking fund payment may be subject to reduction as
provided in Section 602. Each sinking fund payment shall be applied to the
redemption of Securities of the series or Tranche in respect of which it was
made as provided for by the terms of such Securities.
SECTION 602. Satisfaction of Sinking Fund Payments with Securities.
The Company (a) may deliver to the Trustee Outstanding Securities
(other than any previously called for redemption) of a series or Tranche in
respect of which a mandatory sinking fund payment is to be made and (b) may
apply as a credit Securities of such series or Tranche which have been redeemed
either at the election of the Company pursuant to the terms of such Securities
or through the application of permitted optional sinking fund payments pursuant
to the terms of such Securities, in each case in satisfaction of all or any part
of such mandatory sinking fund payment with respect to the Securities of such
series; provided, however, that no Securities shall be applied in satisfaction
of a mandatory sinking fund payment if such Securities shall have been
previously so applied. Securities so applied shall be received and credited for
such purpose by the Trustee at the Redemption Price specified in such Securities
for redemption through operation of the sinking fund and the amount of such
mandatory sinking fund payment shall be reduced accordingly.
SECTION 603. Redemption of Securities for Sinking Fund.
Not less than 40 days prior to each sinking fund payment date for the
Securities of any series, or any Tranche thereof, the Company shall deliver to
the Trustee an Officer's Certificate specifying:
(a) the amount of the next succeeding mandatory sinking fund
payment for such series or Tranche;
(b) the amount, if any, of the optional sinking fund payment to
be made together with such mandatory sinking fund payment;
(c) the aggregate sinking fund payment; and
(d) the portion, if any, of such aggregate sinking fund payment
which is to be satisfied by the payment of cash;
44
(e) the portion, if any, of such aggregate sinking fund payment
which is to be satisfied by delivering and crediting Securities of
such series or Tranche pursuant to Section 602 and stating the basis
for such credit and that such Securities have not previously been so
credited, and the Company shall also deliver to the Trustee any
Securities to be so delivered.
If the Company shall not deliver such Officer's Certificate and, to
the extent applicable, all such Securities, the next succeeding sinking fund
payment for such series or Tranche shall be made entirely in cash in the amount
of the mandatory sinking fund payment. Not less than 30 days before each such
sinking fund payment date the Trustee shall select the Securities to be redeemed
upon such sinking fund payment date in the manner specified in Section 503 and
cause notice of the redemption thereof to be given in the name of and at the
expense of the Company in the manner provided in Section 504. Such notice having
been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Sections 505 and 506.
ARTICLE SEVEN
Representations and Covenants
SECTION 701. Payment of Securities; Lawful Possession.
(a) The Company shall pay the principal of and premium, if any, and
interest, if any, on the Securities of each series in accordance with the terms
of such Securities and this Indenture.
(b) At the Execution Date, the Company is lawfully possessed of the
Mortgaged Property and has sufficient right and authority to mortgage and pledge
the Mortgaged Property, as provided in and by this Indenture.
SECTION 702. Maintenance of Office or Agency.
The Company shall maintain in each Place of Payment for the Securities
of each series, or any Tranche thereof, an office or agency where payment of
such Securities shall be made, where the registration of transfer or exchange of
such Securities may be effected and where notices and demands to or upon the
Company in respect of such Securities and this Indenture may be served. The
Company shall give prompt written notice to the Trustee of the location, and any
change in the location, of each such office or agency and prompt notice to the
Holders of any such change in the manner specified in Section 108. If at any
time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, then payment of such
Securities shall be made, registration of transfer or exchange thereof may be
effected and notices and demands in respect of such Securities and this
Indenture may be served at the Corporate Trust Office of the Trustee, and the
Company hereby appoints the Trustee as its agent for all such purposes in any
such event.
The Company may also from time to time designate one or more other
offices or agencies with respect to the Securities of one or more series, or any
Tranche thereof, for any or all of the foregoing purposes and may from time to
time rescind such designations; provided, however, that, unless otherwise
specified as contemplated by Section 301 with respect to the Securities of such
series or Tranche, no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain an office or agency for such purposes
in each Place of Payment for such Securities in accordance with the requirements
set forth above. The Company shall give prompt
45
written notice to the Trustee, and prompt notice to the Holders in the manner
specified in Section 108, of any such designation or rescission and of any
change in the location of any such other office or agency.
Anything herein to the contrary notwithstanding, any office or agency
required by this Section may be maintained at an office of the Company or an
Affiliate of the Company, in which event the Company or such Affiliate shall
perform all functions to be performed at such office or agency.
SECTION 703. Money for Securities Payments to Be Held in Trust.
If the Company shall at any time act as its own Paying Agent with
respect to the Securities of any series, or any Tranche thereof, it shall, on or
before each due date of the principal of and premium, if any, and interest, if
any, on any of such Securities, segregate and hold in trust for the benefit of
the Persons entitled thereto a sum sufficient to pay the principal and premium
or interest so becoming due until such sums shall be paid to such Persons or
otherwise disposed of as herein provided. The Company shall promptly notify the
Trustee of any failure by the Company (or any other obligor on such Securities)
to make any payment of principal of or premium, if any, or interest, if any, on
such Securities.
Whenever the Company shall have one or more Paying Agents for the
Securities of any series, or any Tranche thereof, it shall, on or before each
due date of the principal of and premium, if any, and interest, if any, on such
Securities, deposit with such Paying Agents sums sufficient (without
duplication) to pay the principal and premium or interest so becoming due, such
sums to be held in trust for the benefit of the Persons entitled to such
principal, premium or interest, and (unless such Paying Agent is the Trustee)
the Company shall promptly notify the Trustee of any failure by it so to act.
The Company shall cause each Paying Agent for the Securities of any
series, or any Tranche thereof, other than the Company or the Trustee, to
execute and deliver to the Trustee an instrument in which such Paying Agent
shall agree with the Trustee, subject to the provisions of this Section, that
such Paying Agent shall:
(a) hold all sums held by it for the payment of the principal of and
premium, if any, or interest, if any, on such Securities in trust for the
benefit of the Persons entitled thereto until such sums shall be paid to such
Persons or otherwise disposed of as herein provided;
(b) give the Trustee notice of any failure by the Company (or any
other obligor upon such Securities) to make any payment of principal of or
premium, if any, or interest, if any, on such Securities; and
(c) at any time during the continuance of any such failure, upon the
written request of the Trustee, forthwith pay to the Trustee all sums so held in
trust by such Paying Agent and furnish to the Trustee such information as it
possesses regarding the names and addresses of the Persons entitled to such
sums.
The Company may at any time pay, or by Company Order direct any Paying
Agent to pay, to the Trustee all sums held in trust by the Company or such
Paying Agent, such sums to be held by the Trustee upon the same trusts as those
upon which such sums were held by the Company or such Paying Agent and, if so
stated in a Company Order delivered to the Trustee, in accordance with the
provisions of Article Seven; and, upon such payment by any Paying Agent to the
Trustee, such Paying Agent shall be released from all further liability with
respect to such money.
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Any money deposited with the Trustee or any Paying Agent, or then held
by the Company, in trust for the payment of the principal of and premium, if
any, or interest, if any, on any Security and remaining unclaimed for two years
after such principal and premium, if any, or interest, if any, has become due
and payable shall to the extent permitted by law be paid to the Company on
Company Request, or, if then held by the Company, shall be discharged from such
trust; and, upon such payment or discharge, the Holder of such Security shall,
as an unsecured general creditor and not as the Holder of an Outstanding
Security, look only to the Company for payment of the amount so due and payable
and remaining unpaid unless the applicable law provides otherwise, and all
liability of the Trustee or such Paying Agent with respect to such trust money,
and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent, before being required
to make any such payment to the Company, may at the expense of the Company cause
to be mailed, on one occasion only, notice to such Holder that such money
remains unclaimed and that, after a date specified therein, which shall not be
less than thirty (30) days from the date of such mailing, any unclaimed balance
of such money then remaining will be paid to the Company.
SECTION 704. Corporate Existence.
Subject to the rights of the Company under Article Twelve, the Company
shall do or cause to be done all things necessary to preserve and keep in full
force and effect its legal existence as a corporation.
SECTION 705. Annual Officer's Certificate as to Compliance.
Not later than May 15 in each year, commencing May 15, 2004, the
Company shall deliver to the Trustee an Officer's Certificate which need not
comply with the requirements of Section 104, executed by the principal executive
officer, the principal financial officer or the principal accounting officer of
the Company, as to such officer's knowledge of the Company's compliance with all
conditions and covenants under this Indenture, such compliance to be determined
without regard to any period of grace or requirement of notice under this
Indenture, and making any other statements as may be required by the provisions
of Section 314(a)(4) of the Trust Indenture Act.
SECTION 706. Waiver of Certain Covenants.
The Company may omit in any particular instance to comply with any
term, provision or condition set forth in (a) Section 702 or any additional
covenant or restriction specified with respect to the Securities of any series,
or any Tranche thereof, as contemplated by Section 301, if before the time for
such compliance the Holders of a majority in aggregate principal amount of the
Outstanding Securities of all series and Tranches with respect to which
compliance with Section 702 or such additional covenant or restriction is to be
omitted, considered as one class, shall, by Act of such Holders, either waive
such compliance in such instance or generally waive compliance with such term,
provision or condition and (b) Section 704, 705 or Article Eleven if before the
time for such compliance the Holders of a majority in principal amount of
Securities Outstanding under this Indenture shall, by Act of such Holders,
either waive such compliance in such instance or generally waive compliance with
such term, provision or condition; but, in the case of (a) or (b), no such
waiver shall extend to or affect such term, provision or condition except to the
extent so expressly waived, and, until such waiver shall become effective, the
obligations of the Company and the duties of the Trustee in respect of any such
term, provision or condition shall remain in full force and effect.
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SECTION 707. Limitation on Secured Debt.
(a) Except as otherwise specified as contemplated by Section 301 for
Securities of any series, so long as any Securities of any series are
Outstanding, the Company shall not issue any Secured Debt (other than Permitted
Secured Debt), without the consent of the Holders of a majority in principal
amount of all the Outstanding Securities of all series and Tranches with respect
to which this covenant is specified as contemplated by Section 301 (the
"Benefitted Securities"), considered as one class, except as expressly
contemplated in subsections (b) and (c) of this Section.
(b) The provisions of subsection (a) shall not prohibit the creation
or existence of any Secured Debt if either:
(i) the Company shall make effective provision whereby the
Benefitted Securities shall be secured at least equally and ratably
with such Secured Debt; or
(ii) the Company shall deliver to the Trustee bonds, notes or
other evidences of indebtedness secured by the Lien which secures such
Secured Debt (hereinafter called "Secured Obligations") (i) in an
aggregate principal amount equal to the aggregate principal amount of
each series then Outstanding, (ii) maturing (or being subject to
mandatory redemption) on the Stated Maturities of such series and
(iii) containing, in addition to any mandatory redemption provisions
applicable to all Secured Obligations outstanding under such Lien and
any mandatory redemption provisions contained therein pursuant to
clause (ii) above, mandatory redemption provisions correlative to the
provisions, if any, for the mandatory redemption (pursuant to a
sinking fund or otherwise) of the Securities of such series or for the
redemption thereof at the option of the Holder, as well as a provision
for mandatory redemption upon an acceleration of the maturity of all
Outstanding Securities of such series following an Event of Default
(such mandatory redemption to be rescinded upon the rescission of such
acceleration); it being expressly understood that such Secured
Obligations (x) may, but need not, bear interest, (y) may, but need
not, contain provisions for the redemption thereof at the option of
the issuer, any such redemption to be made at a redemption price or
prices not less than the principal amount thereof and (z) shall be
held by the Trustee for the benefit of the Holders of all Securities
of such series from time to time Outstanding subject to such terms and
conditions relating to surrender to the Company, transfer
restrictions, voting, application of payments of principal and
interest and other matters as shall be set forth in an indenture
supplemental hereto specifically providing for the delivery to the
Trustee of such Secured Obligations.
(c) If the Company shall elect either of the alternatives described in
subsection (b), the Company shall deliver to the Trustee:
(i) an indenture supplemental to this Indenture (i) together with
evidence of appropriate inter-creditor arrangements, whereby this
Indenture shall be secured by the Lien referred to in subsection (b)
equally and ratably with all other indebtedness secured by such Lien
or (ii) providing for the delivery to the Trustee of Secured
Obligations;
(ii) an Officer's Certificate (i) stating that, to the knowledge
of the signer, (x) no Event of Default has occurred and is continuing
and (y) no event has occurred and is continuing which entitles the
secured party under such Lien to accelerate the maturity of
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the indebtedness outstanding thereunder and (y) stating the aggregate
principal amount of indebtedness issuable, and then proposed to be
issued, under and secured by such Lien;
(iii) an Opinion of Counsel (i) if the Outstanding Securities
under this Indenture are to be secured by such Lien, to the effect
that all Securities then Outstanding are entitled to the benefit of
such Lien equally and ratably with all other indebtedness outstanding
secured by such Lien or (ii) if Secured Obligations are to be
delivered to the Trustee, to the effect that such Secured Obligations
have been duly issued under such Lien and constitute valid
obligations, entitled to the benefit of such Lien equally and ratably
with all other indebtedness then outstanding secured by such Lien.
(d) For purposes of this Section, except as otherwise expressly
provided or unless the context otherwise requires:
(i) "Debt", with respect to any Person, means (A) indebtedness of
such Person for borrowed money evidenced by a bond, debenture, note or
other written instrument or agreement by which such Person is
obligated to repay such borrowed money, (B) any guaranty by such
Person of any such indebtedness of another Person, and (C) any
Capitalized Lease Liabilities of the Company. "Debt" does not include,
among other things, (w) indebtedness of such person under any
installment sale or conditional sale agreement or any other agreement
relating to indebtedness for the deferred purchase price of property
or services, (x) any trade obligation (including obligations under
power or other commodity purchase agreements and any hedges or
derivatives associated therewith), or other obligations of such Person
in the ordinary course of business, (y) obligations of such Person
under any lease agreement that are not Capitalized Lease Liabilities,
or (z) any Liens securing indebtedness, neither assumed nor guaranteed
by the Company nor on which it customarily pays interest, existing
upon real estate or rights in or relating to real estate acquired by
the Company for substation, transmission line, transportation line,
distribution line or right of way purposes.
(ii) "Permitted Secured Debt" means, as of any particular time,
any of the following:
(A) Class A Bonds and Securities issued prior to the Release
Date;
(B) Secured Debt which matures less than one year from the
date of the issuance or incurrence thereof and is not extendible
at the option of the issuer; and any refundings, refinancings
and/or replacements of any such Secured Debt by or with similar
Secured Debt which matures less than one year from the date of
such refunding, refinancing and/or replacement and is not
extendible at the option of the issuer;
(C) Secured Debt secured by Purchase Money Liens or any
other Liens existing or placed upon property at the time of, or
within one hundred eighty (180) days after, the acquisition
thereof by the Company, and any refundings, refinancings and/or
replacements of any such Secured Debt; provided, however, that no
such Purchase Money Lien or other Lien shall extend to or cover
any property of the Company other than (i) the property so
acquired and improvements, extensions and additions to such
property and renewals, replacements and substitutions of or for
such property or any part or parts thereof
49
and (ii) with respect to Purchase Money Liens, other property
subsequently acquired by the Company;
(D) Secured Debt relating to governmental obligations the
interest on which is not included in gross income for purpose of
federal income taxation pursuant to Section 103 of the Internal
Revenue Code of 1986, as amended (or any successor provision of
law), for the purpose of financing or refinancing, in whole or in
part, costs of acquisition or construction of property to be used
by the Company, to the extent that the Lien which secures such
Secured Debt is required either by applicable law or by the
issuer of such governmental obligations or is otherwise necessary
in order to establish or maintain such exclusion from gross
income; and any refundings, refinancings and/or replacements of
any such Secured Debt by or with similar Secured Debt;
(E) Secured Debt (i) which is related to the construction or
acquisition of property not previously owned by the Company or
(ii) which is related to the financing of a project involving the
development or expansion of property of the Company and (iii) in
either case, the obligee in respect of which has no recourse to
the Company or any property of the Company other than the
property constructed or acquired with the proceeds of such
transaction or the project financed with the proceeds of such
transaction (or the proceeds of such property or such project);
and any refundings, refinancings and/or replacements of any
Secured Debt by or with Secured Debt described in clause (iii)
above; and
(F) in addition to the Permitted Secured Debt described in
clauses (A) through (E) above, Secured Debt not otherwise so
permitted in this Section 707 in an aggregate principal amount
not exceeding the greater of 10% of the Company's Net Tangible
Assets or 10% of Capitalization.
"Capitalization" means the total of all the following items
appearing on, or included in, the Company's unconsolidated
balance sheet; (i) liabilities for indebtedness maturing more
than 12 months from the date of determination, and (ii) common
stock, common stock expense, accumulated other comprehensive
income or loss, preferred stock, preference stock, premium on
common stock and retained earnings (however the foregoing may be
designated), less, to the extent not otherwise deducted, the cost
of shares of the Company's capital stock held in the Company's
treasury, if any. Capitalization shall be determined in
accordance with generally accepted accounting principles and
practices applicable to the type of business in which the Company
is engaged, and may be determined as of the date not more than 60
days prior to the happening of the event for which the
determination is being made.
"Capitalized Lease Liabilities" means the amount, if any,
shown as liabilities on the Company's unconsolidated balance
sheet for capitalized leases of electric transmission and
distribution property not owned by the Company, which amount
shall be determined in accordance with generally accepted
accounting principles and practices applicable to the type of
business in which the Company is engaged.
"Net Tangible Assets" means the amount shown as total assets
on the Company's unconsolidated balance sheet, less (i)
intangible assets including, but
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without limitation, such items as goodwill, trademarks, trade
names, patents, unamortized debt discount and expense and other
regulatory assets carried as an asset on the Company's
unconsolidated balance sheet, (ii) appropriate adjustments, if
any, on account of minority interests. Net Tangible Assets shall
be determined in accordance with generally accepted accounting
principles and practices applicable to the type of business in
which the Company is engaged.
(iii) "Secured Debt" means Debt created, issued, incurred or
assumed by the Company which is secured by a Lien upon any property
(other than Excepted Property) of the Company, real, personal or
mixed, of whatever kind or nature and wherever located. For purposes
of this Section, any Capitalized Lease Liabilities of the Company will
be deemed to be Debt secured by a Lien on the Company's property.
ARTICLE EIGHT
Satisfaction and Discharge
SECTION 801. Satisfaction and Discharge of Securities.
Any Security or Securities, or any portion of the principal amount
thereof, shall be deemed to have been paid and no longer Outstanding for all
purposes of this Indenture, and the entire indebtedness of the Company in
respect thereof shall be deemed to have been satisfied and discharged, if there
shall have been irrevocably deposited with the Trustee or any Paying Agent
(other than the Company), in trust:
(a) money in an amount which shall be sufficient, or
(b) in the case of a deposit made prior to the Maturity of such
Securities or portions thereof, Eligible Obligations, which shall not
contain provisions permitting the redemption or other prepayment
thereof at the option of the issuer thereof, the principal of and the
interest on which when due, without any regard to reinvestment
thereof, will provide moneys which, together with the money, if any,
deposited with or held by the Trustee or such Paying Agent, shall be
sufficient, or
(c) a combination of (a) or (b) which shall be sufficient,
to pay when due the principal of and premium, if any, and interest, if any, due
and to become due on such Securities or portions thereof on or prior to
Maturity; provided, however, that in the case of the provision for payment or
redemption of less than all the Securities of any series or Tranche, such
Securities or portions thereof shall have been selected by the Trustee as
provided herein and, in the case of a redemption, the notice requisite to the
validity of such redemption shall have been given or irrevocable authority shall
have been given by the Company to the Trustee to give such notice, under
arrangements satisfactory to the Trustee; and provided, further, that the
Company shall have delivered to the Trustee and such Paying Agent:
(x) if such deposit shall have been made prior to the Maturity of such
Securities, a Company Order stating that the money and Eligible Obligations
deposited in accordance with this Section shall be held in trust, as
provided in Section 803;
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(y) if Eligible Obligations shall have been deposited, an Opinion of
Counsel to the effect that such obligations constitute Eligible Obligations
and do not contain provisions permitting the redemption or other prepayment
thereof at the option of the issuer thereof, and a report of an independent
public accountant of nationally recognized standing, selected by the
Company, to the effect that the other requirements set forth in clause (b)
and (c) above have been satisfied; and
(z) if such deposit shall have been made prior to the Maturity of such
Securities, an Officer's Certificate stating the Company's intention that,
upon delivery of such Officer's Certificate, its indebtedness in respect of
such Securities or portions thereof will have been satisfied and discharged
as contemplated in this Section.
Upon the deposit of money or Eligible Obligations, or both, in
accordance with this Section, together with the documents required by clauses
(x), (y) and (z) above, the Trustee shall, upon receipt of a Company Request,
acknowledge in writing that the Security or Securities or portions thereof with
respect to which such deposit was made are deemed to have been paid for all
purposes of this Indenture and that the entire indebtedness of the Company in
respect thereof has been satisfied and discharged as contemplated in this
Section. In the event that all of the conditions set forth in the preceding
paragraph shall have been satisfied in respect of any Securities or portions
thereof except that, for any reason, the Officer's Certificate specified in
clause (z) shall not have been delivered, such Securities or portions thereof
shall nevertheless be deemed to have been paid for all purposes of this
Indenture, and the Holders of such Securities or portions thereof shall
nevertheless be no longer entitled to the benefits provided by this Indenture or
of any of the covenants of the Company under Article Seven (except the covenants
contained in Sections 702 and 703) or any other covenants made in respect of
such Securities or portions thereof as contemplated by Section 301 or Section
1301(b), but the indebtedness of the Company in respect of such Securities or
portions thereof shall not be deemed to have been satisfied and discharged prior
to Maturity for any other purpose and the Holders of such Securities or portions
thereof shall continue to be entitled to look to the Company for payment of the
indebtedness represented thereby; and, upon Company Request, the Trustee shall
acknowledge in writing that such Securities or portions thereof are deemed to
have been paid for all purposes of this Indenture.
If payment at Stated Maturity of less than all of the Securities of
any series, or any Tranche thereof, is to be provided for in the manner and with
the effect provided in this Section, the Trustee shall select such Securities,
or portions of principal amount thereof, in the manner specified by Section 503
for selection for redemption of less than all the Securities of a series or
Tranche.
In the event that Securities which shall be deemed to have been paid
for purposes of this Indenture, and, if such is the case, in respect of which
the Company's indebtedness shall have been satisfied and discharged, all as
provided in this Section, do not mature and are not to be redeemed within the
sixty (60) day period commencing with the date of the deposit of moneys or
Eligible Obligations, as aforesaid, the Company shall, as promptly as
practicable, give a notice, in the same manner as a notice of redemption with
respect to such Securities, to the Holders of such Securities to the effect that
such deposit has been made and the effect thereof.
Notwithstanding that any Securities shall be deemed to have been paid
for purposes of this Indenture, as aforesaid, the obligations of the Company and
the Trustee in respect of such Securities under Sections 304, 305, 306, 504,
702, 703, 1007 and 1015 and this Article shall survive.
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The Company shall pay, and shall indemnify the Trustee or any Paying
Agent with which Eligible Obligations shall have been deposited as provided in
this Section against, any tax, fee or other charge imposed on or assessed
against such Eligible Obligations or the principal or interest received in
respect of such Eligible Obligations, including, but not limited to, any such
tax payable by any entity deemed, for tax purposes, to have been created as a
result of such deposit.
Anything herein to the contrary notwithstanding, (a) if, at any time
after a Security would be deemed to have been paid for purposes of this
Indenture, and, if such is the case, the Company's indebtedness in respect
thereof would be deemed to have been satisfied and discharged, pursuant to this
Section (without regard to the provisions of this paragraph), the Trustee or any
Paying Agent, as the case may be, (i) shall be required to return the money or
Eligible Obligations, or combination thereof, deposited with it as aforesaid to
the Company or its representative under any applicable Federal or State
bankruptcy, insolvency or other similar law, or (ii) is unable to apply any
money in accordance with this Article with respect to any Securities by reason
of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, such Security shall
thereupon be deemed retroactively not to have been paid and any satisfaction and
discharge of the Company's indebtedness in respect thereof shall retroactively
be deemed not to have been effected, and such Security shall be deemed to remain
Outstanding and (b) any satisfaction and discharge of the Company's indebtedness
in respect of any Security shall be subject to the provisions of the last
paragraph of Section 703.
SECTION 802. Satisfaction and Discharge of Indenture.
This Indenture shall upon Company Request cease to be of further
effect (except as hereinafter expressly provided), and the Trustee, at the
expense of the Company, shall execute such instruments as the Company shall
reasonably request to evidence and acknowledge the satisfaction and discharge of
this Indenture, when:
(a) no Securities remain Outstanding hereunder; and
(b) the Company has paid or caused to be paid all other sums
payable hereunder by the Company;
provided, however, that if, in accordance with the last paragraph of Section
801, any Security, previously deemed to have been paid for purposes of this
Indenture, shall be deemed retroactively not to have been so paid, this
Indenture shall thereupon be deemed retroactively not to have been satisfied and
discharged, as aforesaid, and to remain in full force and effect, and the
Company shall execute and deliver such instruments as the Trustee shall
reasonably request to evidence and acknowledge the same.
Notwithstanding the satisfaction and discharge of this Indenture as
aforesaid, the obligations of the Company and the Trustee under Sections 304,
305, 306, 504, 702, 703, 1007 and 1015 and this Article shall survive.
Upon satisfaction and discharge of this Indenture as provided in this
Section, the Trustee shall assign, transfer and turn over to the Company,
subject to the lien provided by Section 1007, any and all money, securities and
other property then held by the Trustee for the benefit of the Holders of the
Securities (other than money and Eligible Obligations held by the Trustee
pursuant to Section 803) and shall execute and deliver to the Company such
instruments as, in the judgment of the Company, shall be necessary, desirable or
appropriate to effect or evidence the satisfaction and discharge of this
Indenture.
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SECTION 803. Application of Trust Money.
Neither the Eligible Obligations nor the money deposited pursuant to
Section 801, nor the principal or interest payments on any such Eligible
Obligations, shall be withdrawn or used for any purpose other than, and shall be
held in trust for, the payment of the principal of and premium, if any, and
interest, if any, on the Securities or portions of principal amount thereof in
respect of which such deposit was made, all subject, however, to the provisions
of Section 703; provided, however, that so long as there shall not have occurred
and be continuing an Event of Default, any cash received from such principal or
interest payments on such Eligible Obligations, if not then needed for such
purpose, shall, to the extent practicable and upon Company Request and delivery
to the Trustee of the documents referred to in clause (y) in the first paragraph
of Section 801, be invested in Eligible Obligations of the type described in
clause (b) in the first paragraph of Section 801 maturing at such times and in
such amounts as shall be sufficient, together with any other moneys and the
proceeds of any other Eligible Obligations then held by the Trustee, to pay when
due the principal of and premium, if any, and interest, if any, due and to
become due on such Securities or portions thereof on and prior to the Maturity
thereof, and interest earned from such reinvestment shall be paid over to the
Company as received, free and clear of any trust, lien or pledge under this
Indenture (except the lien provided by Section 1007); and provided, further,
that, so long as there shall not have occurred and be continuing an Event of
Default, any moneys held in accordance with this Section on the Maturity of all
such Securities in excess of the amount required to pay the principal of and
premium, if any, and interest, if any, then due on such Securities shall be paid
over to the Company free and clear of any trust, lien or pledge under this
Indenture (except the lien provided by Section 1007); and provided, further,
that if an Event of Default shall have occurred and be continuing, moneys to be
paid over to the Company pursuant to this Section shall be held until such Event
of Default shall have been waived or cured.
ARTICLE NINE
Events of Default; Remedies
SECTION 901. Events of Default.
"Event of Default", wherever used herein with respect to Securities,
means any one of the following events:
(a) failure to pay any interest on any Security when it becomes
due and payable and continuance of such default for a period of 30
days; provided, however, that no such default shall constitute an
"Event of Default" if the Company has made a valid extension of the
interest payment period with respect to the Securities of such series,
of which such Security is a part, if so provided as contemplated by
Section 301; or
(b) failure to pay the principal of or premium, if any, on any
Security when it becomes due and payable; provided, however, that no
such default shall constitute an "Event of Default" if the Company has
made a valid extension of the Maturity of the Securities of the
series, of which such Security is a part, if so provided as
contemplated by Section 301; or
(c) failure to perform or breach of, any covenant or warranty of
the Company in this Indenture (other than a covenant or warranty a
default in the performance of which or breach of which is elsewhere in
this Section specifically addressed) and continuance of
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such default or breach for a period of 90 days after there has been
given, by registered or certified mail, to the Company by the Trustee,
or to the Company and the Trustee by the Holders of at least 33% in
aggregate principal amount of the Outstanding Securities, a written
notice specifying such default or breach and requiring it to be
remedied and stating that such notice is a "Notice of Default"
hereunder, unless the Trustee, or the Trustee and the Holders of a
principal amount of Securities not less than the principal amount of
Securities the Holders of which gave such notice, as the case may be,
shall agree in writing to an extension of such period prior to its
expiration; provided, however, that the Trustee, or the Trustee and
the Holders of such principal amount of Securities, as the case may
be, shall be deemed to have agreed to an extension of such period if
corrective action is initiated by the Company within such period and
is being diligently pursued; or
(d) the entry by a court having jurisdiction in the premises of
(1) a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable Federal or State
bankruptcy, insolvency, reorganization or other similar law or (2) a
decree or order adjudging the Company a bankrupt or insolvent, or
approving as properly filed a petition by one or more Persons other
than the Company seeking reorganization, arrangement, adjustment or
composition of or in respect of the Company under any applicable
Federal or State bankruptcy, insolvency or similar law, or appointing
a custodian, receiver, liquidator, assignee, trustee, sequestrator or
other similar official for the Company or for any substantial part of
its property, or ordering the winding up or liquidation of its
affairs, and any such decree or order for relief or any such other
decree or order shall have remained unstayed and in effect for a
period of 90 consecutive days; or
(e) the commencement by the Company of a voluntary case or
proceeding under any applicable Federal or State bankruptcy,
insolvency, reorganization or other similar law or of any other case
or proceeding to be adjudicated a bankrupt or insolvent, or the
consent by the Company to the entry of a decree or order for relief in
respect of the Company in a case or proceeding under any applicable
Federal or State bankruptcy, insolvency, reorganization or other
similar law or to the commencement of any bankruptcy or insolvency
case or proceeding against the Company, or the filing by the Company
of a petition or answer or consent seeking reorganization or relief
under any applicable Federal or State bankruptcy, insolvency,
reorganization or similar law, or the consent by the Company to the
filing of such petition or to the appointment of or taking possession
by a custodian, receiver, liquidator, assignee, trustee, sequestrator
or similar official of the Company or of any substantial part of its
property, or the making by the Company of an assignment for the
benefit of creditors, or the admission by the Company in writing of
its inability to pay its debts generally as they become due, or the
authorization of such action by the Board of Directors of the Company;
or
(f) so long as the Trustee shall hold any Outstanding Class A
Bonds which were delivered to the Trustee as the basis for the
authentication and delivery of Securities which remain Outstanding
hereunder, the occurrence of a matured event of default under the
Class A Mortgage under which such Class A Bonds were authenticated and
delivered (other than any such matured event of default which (i) is
not a failure to make payments on Class A Bonds and is not of similar
kind or character to the Event of Default described in clause (d) or
(e) above and (ii) has not resulted in the acceleration of the Class A
55
Bonds Outstanding under such Class A Mortgage); provided, however,
that, anything in this Indenture to the contrary notwithstanding, the
waiver or cure of such event of default under the Class A Mortgage
shall constitute a waiver and cure of the corresponding Event of
Default hereunder and the rescission and annulment of the consequences
of any such event under such Class A Mortgage shall constitute a
rescission and annulment of the consequences thereof.
SECTION 902. Acceleration of Maturity; Rescission and Annulment.
If an Event of Default shall have occurred and be continuing, then in
every such case the Trustee or the Holders of not less than 33% in principal
amount of the Outstanding Securities may declare the principal amount (or, if
any of the Securities of such series are Discount Securities, such portion of
the principal amount of such Securities as may be specified in the terms thereof
as contemplated by Section 301) of all of the Securities to be due and payable
immediately, by a notice in writing to the Company (and to the Trustee if given
by Holders), and upon receipt by the Company of notice of such declaration such
principal amount (or specified amount) together with premium, if any, and
accrued and unpaid interest shall become immediately due and payable.
At any time after such a declaration of acceleration of the maturity
of the Securities then Outstanding shall have been made, but before any sale of
any of the Mortgaged Property has been made and before a judgment or decree for
payment of the money due shall have been obtained by the Trustee as provided in
this Article, the Event or Events of Default giving rise to such declaration of
acceleration shall, without further act, be deemed to have been cured, and such
declaration and its consequences shall, without further act, be deemed to have
been rescinded and annulled, if
(a) the Company shall have paid or deposited with the Trustee a sum
sufficient to pay
(i) all overdue interest, if any, on all Securities then
Outstanding;
(ii) the principal of and premium, if any, on any Securities then
Outstanding which have become due otherwise than by such declaration
of acceleration and interest thereon at the rate or rates prescribed
therefor in such Securities;
(iii) to the extent that payment of such interest is lawful,
interest upon overdue interest at the rate or rates prescribed
therefor in such Securities;
(iv) all amounts due to the Trustee under Section 1007;
and
(b) all Events of Default, other than the non-payment of the principal
of Securities of such series which shall have become due solely by such
declaration of acceleration, shall have been cured or waived as provided in
Section 913.
No such rescission shall affect any subsequent Event of Default or impair any
right consequent thereon.
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SECTION 903. Collection of Indebtedness and Suits for Enforcement by Trustee.
If an Event of Default described in clause (a) or (b) of Section 901
shall have occurred, the Company shall, upon demand of the Trustee, pay to it,
for the benefit of the Holders of the Securities with respect to which such
Event of Default shall have occurred, the whole amount then due and payable on
such Securities for principal and premium, if any, and interest, if any, and, to
the extent permitted by law, interest on premium, if any, and on any overdue
principal and interest, at the rate or rates prescribed therefor in such
Securities, and, in addition thereto, such further amount as shall be sufficient
to cover any amounts due to the Trustee under Section 1007.
If the Company shall fail to pay such amounts forthwith upon such
demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and
unpaid, may prosecute such proceeding to judgment or final decree and may
enforce the same against the Company or any other obligor upon such Securities
and collect the moneys adjudged or decreed to be payable in the manner provided
by law out of the property of the Company or any other obligor upon such
Securities, wherever situated.
If an Event of Default shall have occurred and be continuing, the
Trustee may in its discretion proceed to protect and enforce its rights and the
rights of the Holders of Securities by such appropriate judicial proceedings as
the Trustee shall deem most effectual to protect and enforce any such rights,
whether for the specific enforcement of any covenant or agreement in this
Indenture or in aid of the exercise of any power granted herein, or to enforce
any other proper remedy.
SECTION 904. Trustee May File Proofs of Claim.
In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor upon the
Securities or the property of the Company or of such other obligor or their
creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand on
the Company for the payment of overdue principal or interest) shall be entitled
and empowered, by intervention in such proceeding or otherwise,
(a) to file and prove a claim for the whole amount of principal,
premium, if any, and interest, if any, owing and unpaid in respect of
the Securities and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee
(including any claim for amounts due to the Trustee under Section 1007
and any claims of the Trustee as holder of Class A Bonds) and of the
Holders allowed in such judicial proceeding, and
(b) to collect and receive any moneys or other property payable
or deliverable on any such claims and to distribute the same;
and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by
each Holder to make such payments to the Trustee and, in the event that the
Trustee shall consent to the making of such payments directly to the Holders, to
pay to the Trustee any amounts due it under Section 1007.
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Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
or the rights of any Holder thereof or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding.
SECTION 905. Trustee May Enforce Claims Without Possession of Securities.
All rights of action and claims under this Indenture or the Securities
may be prosecuted and enforced by the Trustee, without the possession of any of
the Securities or the production thereof in any proceeding relating thereto, and
any such proceeding instituted by the Trustee shall be brought in its own name
as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, be for the
ratable benefit of the Holders in respect of which such judgment has been
recovered.
SECTION 906. Application of Money Collected.
Any money or other property collected or received by the Trustee
pursuant to this Article, or otherwise distributable in respect of the Company's
obligations under this Indenture, shall be applied in the following order, to
the extent permitted by law, at the date or dates fixed by the Trustee and, in
case of the distribution of such money on account of principal or premium, if
any, or interest, if any, upon presentation of the Securities in respect of
which or for the benefit of which such money shall have been collected and the
notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid:
First: To the payment of all amounts due the Trustee (including
any predecessor trustee) under Section 1007;
Second: To the payment of the amounts then due and unpaid upon
the Securities for principal of and premium, if any, and interest, if
any, in respect of which or for the benefit of which such money has
been collected, ratably, without preference or priority of any kind,
according to the amounts due and payable on such Securities for
principal, premium, if any, and interest, if any, respectively; and
Third: To the payment of the remainder, if any, to the Company or
to whomsoever may be lawfully entitled to receive the same or as a
court of competent jurisdiction may direct.
SECTION 907. Limitation on Suits.
No Holder shall have any right to institute any proceeding, judicial
or otherwise, with respect to this Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless:
(a) such Holder shall have previously given written notice to the
Trustee of a continuing Event of Default;
(b) the Holders of a majority in aggregate principal amount of
the Outstanding Securities shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default
in its own name as Trustee hereunder;
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(c) such Holder or Holders shall have offered to the Trustee
reasonable indemnity against the costs, expenses and liabilities to be
incurred in compliance with such request;
(d) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity shall have failed to institute any such
proceeding; and
(e) no direction inconsistent with such written request shall
have been given to the Trustee during such 60-day period by the
Holders of a majority in aggregate principal amount of the Outstanding
Securities;
it being understood and intended that no one or more of the Holders of any
Securities shall have any right in any manner whatever by virtue of, or by
availing of, any provision of this Indenture to affect, disturb or prejudice the
rights of any other Holders or to obtain or to seek to obtain priority or
preference over any other Holders or to enforce any right under this Indenture,
except in the manner herein provided and for the equal and ratable benefit of
all Holders.
SECTION 908. Unconditional Right of Holders to Receive Principal, Premium and
Interest.
Notwithstanding any other provision in this Indenture, the Holder of
any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and premium, if any, and (subject to Section
307) interest, if any, on such Security on the Stated Maturity or Maturities
expressed in such Security (or, in the case of redemption, on the Redemption
Date) and to institute suit for the enforcement of any such payment, and such
rights shall not be impaired without the consent of such Holder.
SECTION 909. Restoration of Rights and Remedies.
If the Trustee or any Holder has instituted any proceeding to enforce
any right or remedy under this Indenture and such proceeding shall have been
discontinued or abandoned for any reason, or shall have been determined
adversely to the Trustee or to such Holder, then and in every such case, subject
to any determination in such proceeding, the Company, the Trustee and such
Holder shall be restored severally and respectively to their former positions
hereunder and thereafter all rights and remedies of the Trustee and such Holder
shall continue as though no such proceeding had been instituted.
SECTION 910. Rights and Remedies Cumulative.
Except as otherwise provided in the last paragraph of Section 306, no
right or remedy herein conferred upon or reserved to the Trustee or to the
Holders is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any
right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy.
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SECTION 911. Delay or Omission Not Waiver.
No delay or omission of the Trustee or of any Holder to exercise any
right or remedy accruing upon any Event of Default shall impair any such right
or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article or by law to the Trustee
or to the Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may be.
SECTION 912. Control by Holders of Securities.
If an Event of Default shall have occurred and be continuing, the
Holders of a majority in principal amount of the Outstanding Securities shall
have the right to direct the time, method and place of conducting any proceeding
for any remedy available to the Trustee, or exercising any trust or power
conferred on the Trustee, with respect to such Securities; provided, however,
that
(a) such direction shall not be in conflict with any rule of law
or with this Indenture, and could not involve the Trustee in personal
liability in circumstances where indemnity would not, in the Trustee's
sole discretion, be adequate, and
(b) the Trustee may take any other action deemed proper by the
Trustee which is not inconsistent with such direction.
SECTION 913. Waiver of Past Defaults.
The Holders of not less than a majority in principal amount of the
Outstanding Securities may on behalf of the Holders of all the Securities waive
any past default hereunder and its consequences, except a default
(a) in the payment of the principal of or premium, if any, or
interest, if any, on any Outstanding Security, or
(b) in respect of a covenant or provision hereof which under
Section 1302 cannot be modified or amended without the consent of the
Holder of each Outstanding Security of any series or Tranche affected.
Upon any such waiver, such default shall cease to exist, and any and
all Events of Default arising therefrom shall be deemed to have been cured, for
every purpose of this Indenture; but no such waiver shall extend to any
subsequent or other default or impair any right consequent thereon.
SECTION 914. Undertaking for Costs.
The Company and the Trustee agree, and each Holder by his acceptance
thereof shall be deemed to have agreed, that any court may in its discretion
require, in any suit for the enforcement of any right or remedy under this
Indenture, or in any suit against the Trustee for any action taken, suffered or
omitted by it as Trustee, the filing by any party litigant in such suit of an
undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys' fees,
against any party litigant in such suit, having due regard to the merits and
good faith of the claims or defenses made by such party litigant but the
provisions of this Section shall not apply to any suit instituted by the
Company, to any suit instituted by the Trustee, to any suit instituted by any
Holder, or
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group of Holders, holding in the aggregate more than 10% in aggregate principal
amount of the Securities then Outstanding, or to any suit instituted by any
Holder for the enforcement of the payment of the principal of or premium, if
any, or interest, if any, on any Security on or after the Stated Maturity or
Maturities expressed in such Security (or in the case of redemption, on or after
the Redemption Date).
SECTION 915. Waiver of Usury, Stay or Extension Laws.
The Company covenants (to the extent that it may lawfully do so) that
it will not at any time insist upon, or plead, or in any manner whatsoever claim
or take the benefit or advantage of, any usury, stay or extension law wherever
enacted, now or at any time hereafter in force, which may affect the covenants
or the performance of this Indenture; and the Company (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such law
and covenants that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted.
SECTION 916. Defaults under Class A Mortgages.
In addition to every other right and remedy provided herein, the
Trustee may (but shall not be obligated to) exercise any right or remedy
available to the Trustee in its capacity as owner and holder of Class A Bonds
which arises as a result of a default or matured event of default under any
Class A Mortgage, whether or not an Event of Default shall then have occurred
and be continuing.
SECTION 917. Receiver and Other Remedies.
If an Event of Default shall have occurred and, during the continuance
thereof, the Trustee shall have commenced judicial proceedings to enforce any
right under this Indenture, the Trustee shall, to the extent permitted by law,
be entitled, prior to the Release Date, as against the Company, to the
appointment of a receiver of the Mortgaged Property and subject to the rights,
if any, of others to receive collections from former, present or future
customers of the rents, issues, profits, revenues and other income thereof, and
whether or not any receiver is appointed, the Trustee shall be entitled to
retain possession and control of, and to collect and receive the income from
cash, securities and other personal property held by the Trustee hereunder and
to all other remedies available to mortgagees and secured parties under the
Uniform Commercial Code or any other applicable law.
ARTICLE TEN
The Trustee
SECTION 1001. Certain Duties and Responsibilities.
(a) The Trustee shall have and be subject to all the duties and
responsibilities specified with respect to an indenture trustee in the Trust
Indenture Act and no implied covenants or obligations shall be read into this
Indenture against the Trustee. For purposes of Sections 315(a) and 315(c) of the
Trust Indenture Act, the term "default" is hereby defined as an Event of Default
which has occurred and is continuing.
(b) No provision of this Indenture shall require the Trustee to expend
or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the
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exercise of any of its rights or powers, if it shall have reasonable grounds for
believing that repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it.
(c) Notwithstanding anything contained in this Indenture to the
contrary, the duties and responsibilities of the Trustee under this Indenture
shall be subject to the protections, exculpations and limitations on liability
afforded to an indenture trustee under the provisions of the Trust Indenture
Act. For the purposes of Sections 315(b) and 315(d)(2) of the Trust Indenture
Act, the term "responsible officer" is hereby defined as a Responsible Officer
and the chairman or vice chairman of the board of directors, the chairman or
vice chairman of the executive committee of the board of directors, the
president, any vice president, the secretary, any assistant secretary, the
treasurer, any assistant treasurer, the cashier, any assistant cashier, any
trust officer or assistant trust officer, the controller and any assistant
controller of the Trustee, or any other officer of the Trustee customarily
performing functions similar to those performed by a Responsible Officer or any
of the above designated officers and also means, with respect to a particular
corporate trust matter, any other officer to whom such matter is referred
because of his or her knowledge of and familiarity with the particular subject.
(d) Whether or not therein expressly so provided, every provision of
this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this
Section.
SECTION 1002. Notice of Defaults.
The Trustee shall give notice of any default hereunder known to the
Trustee in the manner and to the extent required to do so by the Trust Indenture
Act, unless such default shall have been cured or waived; provided, however,
that in the case of any default of the character specified in Section 901(c), no
such notice to Holders shall be given until at least 60 days after the
occurrence thereof. For the purpose of this Section, the term "default" means
any event which is, or after notice or lapse of time, or both, would become, an
Event of Default.
The Trustee shall give to the trustee under each Class A Mortgage a
copy of each notice of default given to the Holders pursuant to this Section. In
addition, the Trustee shall give to the Holders copies of each notice of default
under any Class A Mortgage given to the Trustee in its capacity as owner and
holder of Class A Bonds delivered thereunder.
SECTION 1003. Certain Rights of Trustee.
Subject to the provisions of Section 1001 and to the applicable
provisions of the Trust Indenture Act:
(a) the Trustee may conclusively rely and shall be fully protected in
acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond,
debenture, note, other evidence of indebtedness or other paper or document
believed by it to be genuine and to have been signed or presented by the proper
party or parties;
(b) any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or Company Order, or as otherwise
expressly provided herein, and any resolution of the Board of Directors may be
sufficiently evidenced by a Board Resolution;
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(c) whenever in the administration of this Indenture the Trustee shall
deem it desirable that a matter be proved or established prior to taking,
suffering or omitting any action hereunder, the Trustee (unless other evidence
be herein specifically prescribed) may, in the absence of bad faith on its part,
conclusively rely upon an Officer's Certificate;
(d) the Trustee may consult with counsel and the written advice of
such counsel or any Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon;
(e) the Trustee shall be under no obligation to exercise any of the
rights or powers vested in it by this Indenture at the request or direction of
any Holder pursuant to this Indenture, unless such Holder shall have offered to
the Trustee reasonable security or indemnity against the costs, expenses and
liabilities which might be incurred by it in compliance with such request or
direction;
(f) the Trustee shall not be bound to make any investigation into the
facts or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture,
note, other evidence of indebtedness or other paper or document, but the
Trustee, in its discretion, may make such further inquiry or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to
make such further inquiry or investigation, it shall (subject to applicable
legal requirements) be entitled to examine, during normal business hours, the
books, records and premises of the Company, personally or by agent or attorney;
(g) the Trustee may execute any of the trusts or powers hereunder or
perform any duties hereunder either directly or by or through agents or
attorneys and the Trustee shall not be responsible for any misconduct or
negligence on the part of any agent or attorney appointed with due care by it
hereunder;
(h) the Trustee shall not be charged with knowledge of any default (as
defined in Section 1002) or Event of Default unless either (1) a Responsible
Officer of the Trustee shall have actual knowledge of such default or Event of
Default or (2) written notice of such default or Event of Default shall have
been given to the Trustee by the Company or any other obligor on such
Securities, or by any Holder of such Securities, or, in the case of an Event of
Default described in Section 901(f), by the trustee under the applicable Class A
Mortgage;
(i) the rights, privileges, protections, immunities and benefits given
to the Trustee, including, without limitation, its right to be indemnified, are
extended to, and shall be enforceable by, the Trustee in each of its capacities
hereunder; and
(j) the Trustee shall not be liable for any action taken, suffered or
omitted to be taken by it in good faith and reasonably believed by it to be
authorized or within the discretion or rights or powers conferred upon it by
this Indenture.
SECTION 1004. Not Responsible for Recitals or Issuance of Securities.
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The recitals contained herein and in the Securities (except the
Trustee's certificates of authentication) shall be taken as the statements of
the Company, and neither the Trustee nor any Authenticating Agent assumes
responsibility for their correctness. The Trustee makes no representations as to
the value or condition of the Mortgaged Property, the title of the Company to
the Mortgaged Property, the security afforded by the Lien of this Indenture, the
validity or genuineness of any securities deposited with the Trustee hereunder,
or the validity or sufficiency of this Indenture or of the Securities. Neither
the Trustee nor any Authenticating Agent shall be accountable for the use or
application by the Company of Securities or the proceeds thereof or any money
paid to the Company hereunder.
SECTION 1005. May Hold Securities.
Each of the Trustee, any Authenticating Agent, any Paying Agent, any
Security Registrar or any other agent of the Company, in its individual or any
other capacity, may become the owner or pledgee of Securities and, subject to
Sections 1008 and 1013, may otherwise deal with the Company with the same rights
it would have if it were not the Trustee, Authenticating Agent, Paying Agent,
Security Registrar or such other agent.
SECTION 1006. Money Held in Trust.
Money held by the Trustee in trust hereunder need not be segregated
from other funds, except to the extent required by law. The Trustee shall be
under no liability for interest on or investment of any money received by it
hereunder except as expressly provided herein or otherwise agreed with, and for
the sole benefit of, the Company.
SECTION 1007. Compensation and Reimbursement.
The Company shall
(a) pay to the Trustee from time to time reasonable compensation
for all services rendered by it hereunder (which compensation shall
not be limited by any provision of law in regard to the compensation
of a trustee of an express trust);
(b) except as otherwise expressly provided herein, reimburse the
Trustee upon its request for all reasonable expenses, disbursements
and advances reasonably incurred or made by the Trustee in accordance
with any provision of this Indenture (including the reasonable
compensation and the expenses and disbursements of its agents and
counsel), except to the extent that any such expense, disbursement or
advance may be attributable to the Trustee's negligence, willful
misconduct or bad faith; and
(c) indemnify the Trustee for, and hold it harmless from and
against, any loss, liability or expense reasonably incurred by it
arising out of or in connection with the acceptance or administration
of the trust or trusts hereunder or the performance of its duties
hereunder, including the reasonable costs and expenses of defending
itself against any claim or liability in connection with the exercise
or performance of any of its powers or duties hereunder except to the
extent any such loss, liability or expense may be attributable to its
negligence, willful misconduct or bad faith.
As security for the performance of the obligations of the Company
under this Section, the Trustee shall have a lien prior to the Securities upon
the Mortgaged Property and all property and funds
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held or collected by the Trustee as such, other than property and funds held in
trust under Section 803 (except moneys payable to the Company as provided in
Section 803).
In addition and without prejudice to the rights provided to the
Trustee under any of the provisions of this Indenture, when the Trustee incurs
expenses or renders services in connection with an Event of Default specified in
Section 901(d) or Section 901(e), the expenses (including the reasonable charges
and expenses of its counsel) and the compensation for the services are intended
to constitute expenses of administration under any applicable Federal and State
bankruptcy, insolvency or other similar law.
The Company's obligations under this Section 1007 and the Lien
referred to in this Section 1007 shall survive the resignation or removal of the
Trustee, the discharge of the Company's obligations under Article Eight of this
Indenture and/or the termination of this Indenture.
"Trustee" for purposes of this Section 1007 shall include any
predecessor Trustee; provided, however, that the negligence, willful misconduct
or bad faith of any Trustee hereunder shall not affect the rights of any other
Trustee hereunder.
SECTION 1008. Disqualification; Conflicting Interests.
If the Trustee shall have or acquire any conflicting interest within
the meaning of the Trust Indenture Act, it shall either eliminate such
conflicting interest or resign to the extent, in the manner and with the effect,
and subject to the conditions, provided in the Trust Indenture Act and this
Indenture. For purposes of Section 310(b)(1) of the Trust Indenture Act and to
the extent permitted thereby, the Trustee, in its capacity as trustee in respect
of the Securities of any series, shall not be deemed to have a conflicting
interest arising from its capacity as trustee in respect of the Securities of
any other series issued under this Indenture. Nothing herein shall prevent the
Trustee from filing with the Commission the application referred to in the
second to last paragraph of Section 310(b) of the Trust Indenture Act.
SECTION 1009. Corporate Trustee Required; Eligibility.
There shall at all times be a Trustee hereunder which shall be
(a) a corporation organized and doing business under the laws of the
United States of America, any State thereof or the District of Columbia,
authorized under such laws to exercise corporate trust powers, having a combined
capital and surplus of at least $50,000,000 and subject to supervision or
examination by Federal, State or District of Columbia authority, or
(b) if and to the extent permitted by the Commission by rule,
regulation or order upon application, a corporation or other Person organized
and doing business under the laws of a foreign government, authorized under such
laws to exercise corporate trust powers, having a combined capital and surplus
of at least $50,000,000 or the Dollar equivalent of the applicable foreign
currency and subject to supervision or examination by authority of such foreign
government or a political subdivision thereof substantially equivalent to
supervision or examination applicable to United States institutional trustees,
and, in either case, qualified and eligible under this Article and the Trust
Indenture Act. If such corporation publishes reports of condition at least
annually, pursuant to law or to the requirements of such supervising or
examining authority, then for the purposes of this Section, the combined capital
and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most
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recent report of condition so published. If at any time the Trustee shall cease
to be eligible in accordance with the provisions of this Section and the Trust
Indenture Act, it shall resign immediately in the manner and with the effect
hereinafter specified in this Article.
SECTION 1010. Resignation and Removal; Appointment of Successor.
(a) No resignation or removal of the Trustee and no appointment of a
successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the
applicable requirements of Section 1011.
(b) The Trustee may resign at any time by giving written notice
thereof to the Company. If the instrument of acceptance by a successor Trustee
required by Section 1011 shall not have been delivered to the resigning or
removed Trustee within 30 days after the giving of such notice of resignation,
the resigning or removed Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee.
(c) The Trustee may be removed at any time by Act of the Holders of a
majority in principal amount of the Outstanding Securities delivered to the
Trustee and the Company.
(d) If at any time:
(i) the Trustee shall fail to comply with Section 1008 after
written request therefor by the Company or by any Holder who has been
a bona fide Holder for at least six months, or
(ii) the Trustee shall cease to be eligible under Section 1009 or
Section 310(a) of the Trust Indenture Act and shall fail to resign
after written request therefor by the Company or by any such Holder,
or
(iii) the Trustee shall become incapable of acting or shall be
adjudged a bankrupt or insolvent or a receiver of the Trustee or of
its property shall be appointed or any public officer shall take
charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation,
then, in any such case, (x) the Company by Board Resolutions may remove the
Trustee with respect to all Securities or (y) subject to Section 914, any Holder
who has been a bona fide Holder for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee with respect to all Securities and
the appointment of a successor Trustee or Trustees.
(e) If the Trustee shall resign, be removed or become incapable of
acting, or if a vacancy shall occur in the office of Trustee for any cause
(other than as contemplated by clause (y) in subsection (d) or this Section),
the Company, by Board Resolutions, shall promptly appoint a successor Trustee or
Trustees and shall comply with the applicable requirements of Section 1011. If,
within one year after such resignation, removal or incapability, or the
occurrence of such vacancy, a successor Trustee shall be appointed by Act of the
Holders of a majority in principal amount of the Outstanding Securities
delivered to the Company and the retiring Trustee, the successor Trustee so
appointed shall, forthwith upon its acceptance of such appointment in accordance
with the applicable requirements of Section 1011, become the successor Trustee
and to that extent supersede the successor Trustee appointed by the Company. If
no
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successor Trustee shall have been so appointed by the Company or the Holders and
accepted appointment in the manner required by Section 1011, any Holder who has
been a bona fide Holder of a Security of such series for at least six months
may, on behalf of itself and all others similarly situated, petition any court
of competent jurisdiction for the appointment of a successor Trustee.
(f) So long as no event which is, or after notice or lapse of time, or
both, would become, an Event of Default shall have occurred and be continuing,
and except with respect to a Trustee appointed by Act of the Holders of a
majority in principal amount of the Outstanding Securities pursuant to
subsection (e) of this Section, if the Company shall have delivered to the
Trustee (i) Board Resolutions appointing a successor Trustee, effective as of a
date specified therein, and (ii) an instrument of acceptance of such
appointment, effective as of such date, by such successor Trustee in accordance
with Section 1011, the Trustee shall be deemed to have resigned as contemplated
in subsection (b) of this Section, the successor Trustee shall be deemed to have
been appointed by the Company pursuant to subsection (e) of this Section and
such appointment shall be deemed to have been accepted as contemplated in
Section 1011, all as of such date, and all other provisions of this Section and
Section 1011 shall be applicable to such resignation, appointment and acceptance
except to the extent inconsistent with this subsection (f).
(g) The Company shall give notice of each resignation and each removal
of the Trustee and each appointment of a successor Trustee to all Holders of
Securities in the manner provided in Section 108. Each notice shall include the
name of the successor Trustee and the address of its Corporate Trust Office.
SECTION 1011. Acceptance of Appointment by Successor.
(a) In case of the appointment hereunder of a successor Trustee, every
such successor Trustee so appointed shall execute, acknowledge and deliver to
the Company and to the retiring Trustee an instrument accepting such
appointment, and thereupon the resignation or removal of the retiring Trustee
shall become effective and such successor Trustee, without any further act, deed
or conveyance, shall become vested with all the rights, powers, trusts and
duties of the retiring Trustee; but, on the request of the Company or the
successor Trustee, such retiring Trustee shall, upon payment of all sums owed to
it, execute and deliver an instrument transferring to such successor Trustee all
the rights, powers and trusts of the retiring Trustee and shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder (including all interest in the Class A Bonds),
subject nevertheless to its Lien provided for in Section 1007.
(b) Upon request of any such successor Trustee, the Company shall
execute any instruments for more fully and certainly vesting in and confirming
to such successor Trustee all such rights, powers and trusts referred to in
subsection (a) of this Section.
(c) No successor Trustee shall accept its appointment unless at the
time of such acceptance such successor Trustee shall be qualified and eligible
under this Article.
SECTION 1012. Merger, Conversion, Consolidation or Succession to Business.
Any corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any
corporation succeeding to all or substantially all the corporate trust business
of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall
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be otherwise qualified and eligible under this Article, without the execution or
filing of any paper or any further act on the part of any of the parties hereto.
In case any Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion or consolidation to
such authenticating Trustee may adopt such authentication and deliver the
Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities.
SECTION 1013. Preferential Collection of Claims Against Company.
If the Trustee shall be or become a creditor of the Company or any
other obligor upon the Securities (other than by reason of a relationship
described in Section 311(b) of the Trust Indenture Act), the Trustee shall be
subject to any and all applicable provisions of the Trust Indenture Act
regarding the collection of claims against the Company or such other obligor.
For purposes of Section 311(b) of the Trust Indenture Act (a) the term "cash
transaction" shall have the meaning provided in Rule 11b-4 under the Trust
Indenture Act, and (b) the term "self-liquidating paper" shall have the meaning
provided in Rule 11b-6 under the Trust Indenture Act.
SECTION 1014. Co-trustee and Separate Trustees.
At any time or times, for the purpose of meeting the legal
requirements of any applicable jurisdiction, the Company and the Trustee shall
have power to appoint, and, upon the written request of the Trustee or of the
Holders of at least 33% in principal amount of the Securities then Outstanding,
the Company shall for such purpose join with the Trustee in the execution and
delivery of all instruments and agreements necessary or proper to appoint, one
or more Persons approved by the Trustee either to act as co-trustee, jointly
with the Trustee, or to act as separate trustee, in either case with such powers
as may be provided in the instrument of appointment, and to vest in such Person
or Persons, in the capacity aforesaid, any property, title, right or power
deemed necessary or desirable, subject to the other provisions of this Section.
If the Company does not join in such appointment within 15 days after the
receipt by it of a request so to do, or if an Event of Default shall have
occurred and be continuing, the Trustee alone shall have power to make such
appointment.
Should any written instrument or instruments from the Company be
required by any co-trustee or separate trustee to more fully confirm to such
co-trustee or separate trustee such property, title, right or power, any and all
such instruments shall, on request, be executed, acknowledged and delivered by
the Company.
Every co-trustee or separate trustee shall, to the extent permitted by
law, but to such extent only, be appointed subject to the following conditions:
(a) the Securities shall be authenticated and delivered, and all
rights, powers, duties and obligations hereunder in respect of the
custody of securities, cash and other personal property held by, or
required to be deposited or pledged with, the Trustee hereunder, shall
be exercised solely, by the Trustee;
(b) the rights, powers, duties and obligations hereby conferred
or imposed upon the Trustee in respect of any property covered by such
appointment shall be conferred or imposed upon and exercised or
performed either by the Trustee or by the Trustee and such co-trustee
or separate trustee jointly, as shall be provided in the instrument
appointing such co-trustee or separate trustee, except to the extent
that under any law of any jurisdiction in which any particular act is
to be performed, the Trustee shall be
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incompetent or unqualified to perform such act, in which event such
rights, powers, duties and obligations shall be exercised and
performed by such co-trustee or separate trustee.
(c) the Trustee at any time, by an instrument in writing executed
by it, with the concurrence of the Company, may accept the resignation
of or remove any co-trustee or separate trustee appointed under this
Section, and, if an Event of Default shall have occurred and be
continuing, the Trustee shall have power to accept the resignation of,
or remove, any such co-trustee or separate trustee without the
concurrence of the Company. Upon the written request of the Trustee,
the Company shall join with the Trustee in the execution and delivery
of all instruments and agreements necessary or proper to effectuate
such resignation or removal. A successor to any co-trustee or separate
trustee so resigned or removed may be appointed in the manner provided
in this Section;
(d) no co-trustee or separate trustee hereunder shall be
personally liable by reason of any act or omission of the Trustee, or
any other such trustee hereunder, and the Trustee shall not be
personally liable by reason of any act or omission of any such
co-trustee or separate trustee; and
(e) any Act of Holders delivered to the Trustee shall be deemed
to have been delivered to each such co-trustee and separate trustee.
SECTION 1015. Appointment of Authenticating Agent.
The Trustee may appoint an Authenticating Agent or Agents with respect
to the Securities of one or more series, or any Tranche thereof, which shall be
authorized to act on behalf of the Trustee to authenticate Securities of such
series or Tranche issued upon original issuance, exchange, registration of
transfer or partial redemption thereof or pursuant to Section 306, and
Securities so authenticated shall be entitled to the benefits of this Indenture
and shall be valid and obligatory for all purposes as if authenticated by the
Trustee hereunder. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee's
certificate of authentication, such reference shall be deemed to include
authentication and delivery on behalf of the Trustee by an Authenticating Agent
and a certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent. Each Authenticating Agent shall be acceptable to the
Company and shall at all times be a corporation organized and doing business
under the laws of the United States of America, any State or territory thereof
or the District of Columbia or the Commonwealth of Puerto Rico, authorized under
such laws to act as Authenticating Agent, having a combined capital and surplus
of not less than $50,000,000 and subject to supervision or examination by
Federal or State authority. If such Authenticating Agent publishes reports of
condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such Authenticating Agent shall be deemed to be
its combined capital and surplus as set forth in its most recent report of
condition so published. If at any time an Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Section, such Authenticating
Agent shall resign immediately in the manner and with the effect specified in
this Section.
Any corporation into which an Authenticating Agent may be merged or
converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which such Authenticating Agent
shall be a party, or any corporation succeeding to the corporate agency or
corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating
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Agent, provided such corporation shall be otherwise eligible under this Section,
without the execution or filing of any paper or any further act on the part of
the Trustee or the Authenticating Agent.
An Authenticating Agent may resign at any time by giving written
notice thereof to the Trustee and the Company. The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice thereof
to such Authenticating Agent and the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all
the rights, powers and duties of its predecessor hereunder, with like effect as
if originally named as an Authenticating Agent. No successor Authenticating
Agent shall be appointed unless eligible under the provisions of this Section.
The Company agrees to pay to each Authenticating Agent from time to
time reasonable compensation for its services under this Section.
The provisions of Sections 308, 1004 and 1005 shall be applicable to
each Authenticating Agent.
If an appointment with respect to the Securities of one or more
series, or any Tranche thereof, shall be made pursuant to this Section, the
Securities of such series or Tranche may have endorsed thereon, in addition to
the Trustee's certificate of authentication, an alternate certificate of
authentication substantially in the following form:
This is one of the Securities of the series designated therein
referred to in the within-mentioned Indenture.
THE BANK OF NEW YORK,
As Trustee
By______________________
As Authenticating Agent
By______________________
Authorized Officer
If all of the Securities of a series may not be originally issued at
one time, and if the Trustee does not have an office capable of authenticating
Securities upon original issuance located in a Place of Payment where the
Company wishes to have Securities of such series authenticated upon original
issuance, the Trustee, if so requested by the Company in writing (which writing
need not comply with Section 102 and need not be accompanied by an Opinion of
Counsel), shall appoint, in accordance with this Section and in accordance with
such procedures as shall be acceptable to the Trustee, an Authenticating Agent
having an office in a Place of Payment designated by the Company with respect to
such series of Securities.
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ARTICLE ELEVEN
Holders' Lists and Reports by Trustee and Company
SECTION 1101. Lists of Holders.
Semiannually, not later than June 30 and December 31, in each year,
commencing with the period due no later than June 30, 2004, and at such other
times as the Trustee may request in writing, the Company shall furnish or cause
to be furnished to the Trustee information as to the names and addresses of the
Holders, and the Trustee shall preserve such information and similar information
received by it in any other capacity and afford to the Holders access to
information so preserved by it, all to such extent, if any, and in such manner
as shall be required by the Trust Indenture Act; provided, however, that no such
list need be furnished so long as the Trustee shall be the Security Registrar.
SECTION 1102. Reports by Trustee and Company.
Within 60 days of January 1 of each year, commencing with the year
2004, the Trustee shall transmit to the Holders, the Commission and each
securities exchange upon which any Securities are listed, a report, dated as of
the such January 1, with respect to any events and other matters described in
Section 313(a) of the Trust Indenture Act, which may have occurred within the
previous 12 months (but if no event has occurred within such period no report
need be transmitted), in such manner and to the extent required by the Trust
Indenture Act. The Trustee shall transmit to the Holders, the Commission and
each securities exchange upon which any Securities are listed, and the Company
shall file with the Trustee (within 30 days after filing with the Commission in
the case of reports which pursuant to the Trust Indenture Act must be filed with
the Commission and furnished to the Trustee) and transmit to the Holders, such
other information, reports and other documents, if any, at such times and in
such manner, as shall be required by the Trust Indenture Act. The Company shall
notify the Trustee of the listing of any Securities on any securities exchange
and of any delisting thereof.
Delivery of such reports, information and documents to the Trustee is
for informational purposes only, and the Trustee's receipt of such shall not
constitute notice or constructive notice of any information contained therein or
determinable from information contained therein, including the Company's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officer's Certificates).
ARTICLE TWELVE
Consolidation, Merger, Conveyance, or Other Transfer
SECTION 1201. Company may Consolidate, etc., Only on Certain Terms.
The Company shall not consolidate with or merge into any other
corporation, or convey or otherwise transfer, or lease, as, or substantially as,
an entirety the Company's Electric and Gas Utility Property to any Person,
unless:
(a) the corporation formed by such consolidation or into which the
Company is merged or the Person which acquires by conveyance or other transfer,
or which leases, as, or substantially as, an entirety such Electric and Gas
Utility Property shall be a corporation organized and existing under the laws of
the United States, any State or Territory thereof or the District of Columbia
(such corporation
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being hereinafter sometimes called the "Successor Company") and shall execute
and deliver to the Trustee an indenture supplemental hereto, in form recordable
and reasonably satisfactory to the Trustee, which:
(i) in the case of a consolidation, merger, conveyance or other
transfer, or in the case of a lease if the term thereof extends beyond
the last Stated Maturity of the Securities then Outstanding, contains
an express assumption by the Successor Company of the due and punctual
payment of the principal of and premium, if any, and interest, if any,
on all the Securities then Outstanding and the performance and
observance of every covenant and condition of this Indenture to be
performed or observed by the Company, and
(ii) in the case of a consolidation, merger, conveyance or other
transfer prior to the Release Date, contains a grant, conveyance,
transfer and mortgage by the Successor Company, of the same tenor of
the Granting Clauses herein,
(A) confirming the Lien of this Indenture on the Mortgaged
Property (as constituted immediately prior to the time such
transaction became effective) and subjecting to the Lien of this
Indenture all property, real, personal and mixed, thereafter
acquired by the Successor Company which shall constitute an
improvement, extension or addition to the Mortgaged Property (as
so constituted) or a renewal, replacement or substitution of or
for any part thereof, and,
(B) at the election of the Successor Company, subjecting to
the Lien of this Indenture such property, real, personal or
mixed, in addition to the property described in subclause (A)
above, then owned or thereafter acquired by the Successor Company
as the Successor Company shall, in its sole discretion, specify
or describe therein,
and the Lien confirmed or created by such grant, conveyance, transfer
and mortgage shall have force, effect and standing similar to those
which the Lien of this Indenture would have had if the Company had not
been a party to such consolidation, merger, conveyance or other
transfer and had itself, after the time such transaction became
effective, purchased, constructed or otherwise acquired the property
subject to such grant, conveyance, transfer and mortgage;
(b) in the case of a lease, such lease shall be made expressly subject
to termination at any time during the continuance of an Event of Default, by (i)
the Company or the Trustee and (ii) the purchaser of the property so leased at
any sale thereof hereunder, whether such sale be made under the power of sale
hereby conferred or pursuant to judicial proceedings;
(c) the Company shall have delivered to the Trustee an Officer's
Certificate and an Opinion of Counsel each of which shall state that such
consolidation, merger, conveyance or other transfer or lease, and such
supplemental indenture, comply with this Article and that all conditions
precedent herein provided for relating to such transaction have been complied
with; and
(d) immediately after giving effect to such transaction (and treating
any Debt that becomes an obligation of the Successor Company as a result of such
transaction as having been incurred by the Successor Company at the time of such
transaction), no Default or Event of Default shall have occurred and be
continuing.
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As used in this Article and in Section 1810(d), the terms
"improvement", "extension" and "addition" shall be limited to (a) with respect
to real property subject to the Lien of this Indenture, any item of personal
property which has been so affixed or attached to such real property as to be
regarded a part of such real property under applicable law and (b) with respect
to personal property subject to the Lien of this Indenture, any improvement,
extension or addition to such personal property which (i) is made to maintain,
renew, repair or improve the function of such personal property and (ii) is
physically installed in or affixed to such personal property.
SECTION 1202. Successor Company Substituted.
Upon any consolidation or merger or any conveyance or other transfer
of, as, or substantially as, an entirety the Company's Electric and Gas Utility
Property in accordance with Section 1201, the Successor Company shall succeed
to, and be substituted for, and may exercise every power and right of, the
Company under this Indenture with the same effect as if such Successor Company
had been named as the "Company" herein. Without limiting the generality of the
foregoing:
(a) all property of the Successor Company then subject to the Lien of
this Indenture, of the character described in Section 103, shall constitute
Property Additions;
(b) the Successor Company may execute and deliver to the Trustee, and
thereupon the Trustee shall, subject to the provisions of Article Sixteen,
authenticate and deliver, Securities upon any basis provided in Article Sixteen;
and
(c) the Successor Company may, subject to the applicable provisions of
this Indenture, cause Property Additions to be applied to any other Authorized
Purpose.
All Securities so executed by the Successor Company, and authenticated and
delivered by the Trustee, shall in all respects be entitled to the benefit of
the Lien of this Indenture equally and ratably with all Securities executed,
authenticated and delivered prior to the time such consolidation, merger,
conveyance or other transfer became effective.
SECTION 1203. Extent of Lien Hereof on Property of Successor Company.
Unless, in the case of a consolidation, merger, conveyance or other
transfer contemplated by Section 1201, the indenture supplemental hereto
contemplated in Section 1201 or in Article Thirteen expressly provides
otherwise, neither this Indenture nor such supplemental indenture shall become
or be, or be required to become or be, a Lien upon any of the properties:
(a) owned by the Successor Company or any other party to such
transaction (other than the Company) immediately prior to the time of
effectiveness of such transaction or
(b) acquired by the Successor Company at or after the time of
effectiveness of such transaction,
except, in either case, properties acquired from the Company in or as a result
of such transaction and improvements, extensions and additions to such
properties and renewals, replacements and substitutions of or for any part or
parts thereof.
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SECTION 1204. Release of Company upon Conveyance or Other Transfer.
In the case of a conveyance or other transfer to any Person or Persons
as contemplated in Section 1201, upon the satisfaction of all the conditions
specified in Section 1201 the Company (such term being used in this Section
without giving effect to such transaction) shall be released and discharged from
all obligations and covenants under this Indenture and on and under all
Securities then Outstanding (unless the Company shall have delivered to the
Trustee an instrument in which it shall waive such release and discharge) and,
upon request by the Company, the Trustee shall acknowledge in writing that the
Company has been so released and discharged.
SECTION 1205. Merger into Company; Extent of Lien Hereof.
(a) Nothing in this Indenture shall be deemed to prevent or restrict
any consolidation or merger after the consummation of which the Company would be
the surviving or resulting corporation or any conveyance or other transfer, or
lease, of any part of the Company's Electric and Gas Utility Property which does
not constitute the entirety or substantially the entirety of its Electric and
Gas Utility Property.
(b) Unless, in the case of a consolidation or merger described in
subsection (a) of this Section, an indenture supplemental hereto shall otherwise
provide, this Indenture shall not become or be, or be required to become or be,
a Lien upon any of the properties acquired by the Company in or as a result of
such transaction or any improvements, extensions or additions to such properties
or any renewals, replacements or substitutions of or for any part or parts
thereof.
SECTION 1206. Transfer of Less than Substantially All.
A conveyance, transfer or lease by the Company of Electric and Gas
Utility Property shall not be deemed to constitute the conveyance, transfer or
lease as, or substantially as, an entirety of its Electric and Gas Utility
Property for purposes of this Indenture if the Fair Value of the Electric and
Gas Utility Property retained by the Company exceeds 143% of the aggregate
principal amount of all Outstanding Securities and any other outstanding debt
securities of the Company that rank equally with, or senior to the Indenture
Securities with respect to such Electric and Gas Utility Property, other than
any Class A Bonds held by the Trustee. Such Fair Value shall be established by
the delivery to the Trustee of an Independent Expert's Certificate stating the
Independent Expert's opinion of such Fair Value as of a date not more than 90
days before or after such conveyance, transfer or lease. This Article is not
intended to limit the Company's conveyances, transfers or leases of less than
the entirety or substantially the entirety of its Electric and Gas Utility
Property.
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ARTICLE THIRTEEN
Supplemental Indentures
SECTION 1301. Supplemental Indentures Without Consent of Holders.
Without the consent of any Holders, the Company and the Trustee, at
any time and from time to time, may enter into one or more indentures
supplemental hereto, in form satisfactory to the Trustee, for any of the
following purposes:
(a) to evidence the succession of another Person to the Company
and the assumption by any such successor of the covenants of the
Company herein and in the Securities all as provided in Article
Twelve; or
(b) to add one or more covenants of the Company or other
provisions for the benefit of the Holders of all or any series of
Securities, or any Tranche, thereof or to surrender any right or power
herein conferred upon the Company (and if such covenants are to be for
the benefit of less than all series of Securities, stating that such
covenants are expressly being included solely for the benefit of such
series); or
(c) to add any additional Events of Default with respect to all
or any series of Securities Outstanding hereunder (and if such
additional Events of Default are to be for the benefit of less than
all series of Securities, stating that such additional Events of
Default are expressly being included solely for the benefit of such
series); or
(d) to change or eliminate any provision of this Indenture or to
add any new provision to this Indenture; provided, however, that if
such change, elimination or addition shall adversely affect the
interests of the Holders of Securities of any series or Tranche
Outstanding on the date of such supplemental indenture in any material
respect, such change, elimination or addition shall become effective
with respect to such series or Tranche only pursuant to the provisions
of Section 1302 hereof or when no Security of such series or Tranche
remains Outstanding; or
(e) to provide additional collateral security for the Securities
of any series; or
(f) to establish the form or terms of Securities of any series or
Tranche as contemplated by Sections 201 and 301; or
(g) to provide for the authentication and delivery of bearer
securities and coupons appertaining thereto representing interest, if
any, thereon and for the procedures for the registration, exchange and
replacement thereof and for the giving of notice to, and the
solicitation of the vote or consent of, the holders thereof, and for
any and all other matters incidental thereto; or
(h) to evidence and provide for the acceptance of appointment
hereunder by a separate or successor Trustee with respect to the
Securities of one or more series and to add to or change any of the
provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 1011(b); or
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(i) to provide for the procedures required to permit the Company
to utilize, at its option, a non-certificated system of registration
for all, or any series or Tranche of, the Securities; or
(j) to change any place or places where (1) the principal of and
premium, if any, and interest, if any, on all or any series of
Securities, or any Tranche thereof, shall be payable, (2) all or any
series of Securities, or any Tranche thereof, may be surrendered for
registration of transfer, (3) all or any series of Securities, or any
Tranche thereof, may be surrendered for exchange and (4) notices and
demands to or upon the Company in respect of all or any series of
Securities, or any Tranche thereof, and this Indenture may be served;
(k) to amend and restate this Indenture, as originally executed
and delivered and as it may have been subsequently amended, in its
entirety, but with such additions, deletions and other changes as
shall not adversely affect the interests of the Holders of the
Securities of any series or Tranche in any material respect; or
(l) to cure any ambiguity, to correct or supplement any provision
herein which may be defective or inconsistent with any other provision
herein, or to make any other changes to the provisions hereof or to
add other provisions with respect to matters or questions arising
under this Indenture, provided that such other changes or additions
shall not materially adversely affect the interests of the Holders of
Securities of any series or Tranche in any material respect; or
(m) in connection with the establishment of the Release Date
under Section 1811, to amend this Indenture to eliminate any
provisions related to the Lien of this Indenture, the Mortgaged
Property, and Class A Bonds which are no longer applicable, including
Articles Sixteen, Seventeen and Eighteen; or
(n) to permit an entity acquiring a substantial portion of the
Electric and Gas Utility Property to assume a prorata share of the
outstanding Debt Securities based upon the net book value of the
Electric and Gas Utility Property acquired by that entity and to
release the Company and its properties from any obligations or liens
under the Indenture with respect to those assumed Debt Securities,
provided that the assumed Debt Securities will be secured by a lien on
the acquired Electric and Gas Utility Property to substantially the
same extent and upon substantially the same terms as provided in the
Indenture except for the substitution of the acquiring entity for the
Company.
Without limiting the generality of the foregoing, if the Trust
Indenture Act as in effect at the Execution Date or at any time thereafter shall
be amended and
(x) if any such amendment shall require one or more changes to any
provisions hereof or the inclusion herein of any additional provisions, or
shall by operation of law be deemed to effect such changes or incorporate
such provisions by reference or otherwise, this Indenture shall be deemed
to have been amended so as to conform to such amendment to the Trust
Indenture Act, and the Company and the Trustee may, without the consent of
any Holders, enter into an indenture supplemental hereto to evidence such
amendment hereof; or
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(y) if any such amendment shall permit one or more changes to, or the
elimination of, any provisions hereof which, at the Execution Date or at
any time thereafter, are required by the Trust Indenture Act to be
contained herein or are contained herein to reflect any provision of the
Trust Indenture Act as in effect at such date, this Indenture shall be
deemed to have been amended to effect such changes or elimination, and the
Company and the Trustee may, without the consent of any Holders, enter into
an indenture supplemental hereto to this Indenture to effect such changes
or elimination or evidence such amendment.
SECTION 1302. Supplemental Indentures With Consent of Holders.
Subject to the provisions of Section 1301, with the consent of the
Holders of not less than a majority in aggregate principal amount of the
Securities of all series then Outstanding under this Indenture, considered as
one class, by Act of said Holders delivered to the Company and the Trustee, the
Company, when authorized by a Board Resolution, and the Trustee may enter into
an indenture or indentures supplemental hereto for the purpose of adding any
provisions to, or changing in any manner or eliminating any of the provisions
of, this Indenture; provided, however, that if there shall be Securities of more
than one series Outstanding hereunder and if a proposed supplemental indenture
shall directly affect the rights of the Holders of Securities of one or more,
but less than all, of such series, then the consent only of the Holders of a
majority in aggregate principal amount of the Outstanding Securities of all
series so directly affected, considered as one class, shall be required; and
provided, further, that if the Securities of any series shall have been issued
in more than one Tranche and if the proposed supplemental indenture shall
directly affect the rights of the Holders of Securities of one or more, but less
than all, of such Tranches, then the consent only of the Holders of a majority
in aggregate principal amount of the Outstanding Securities of all Tranches so
directly affected, considered as one class, shall be required; and provided,
further, that no such supplemental indenture shall, without the consent of the
Holder of each Outstanding Security of each series or Tranche so directly
affected,
(a) change the Stated Maturity of the principal of, or any
installment of principal of or interest on, any Security (other than
pursuant to the terms thereof), or reduce the principal amount thereof
or the rate of interest thereon (or the amount of any installment of
interest thereon) or change the method of calculating such rate or
reduce any premium payable upon the redemption thereof, or reduce the
amount of the principal of a Discount Security that would be due and
payable upon a declaration of acceleration of the Maturity thereof
pursuant to Section 902, or change the coin or currency (or other
property), in which any Security or any premium or the interest
thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity
thereof (or, in the case of redemption, on or after the Redemption
Date), or
(b) permit the creation of any Lien ranking prior to the Lien of
this Indenture with respect to more than 10% of the Mortgaged Property
or, other than pursuant to Section 1811, terminate the Lien of this
Indenture on more than 10% of the Mortgaged Property or deprive such
Holder of the benefit of the security of the Lien of this Indenture,
or
(c) reduce the percentage in principal amount of the Outstanding
Securities of any series or any Tranche thereof, the consent of the
Holders of which is required for any such supplemental indenture, or
the consent of the Holders of which is required for any waiver of
compliance with any provision of this Indenture or of any default
hereunder
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and its consequences, or reduce the requirements of Section 1404 for
quorum or voting, or
(d) modify any of the provisions of this Section, Section 706 or
Section 913 with respect to the Securities of any series, or any
Tranche thereof, except to increase the percentages in principal
amount referred to in this Section or such other Sections or to
provide that other provisions of this Indenture cannot be modified or
waived without the consent of the Holder of each Outstanding Security
affected thereby; provided, however, that this clause shall not be
deemed to require the consent of any Holder with respect to changes in
the references to "the Trustee" and concomitant changes in this
Section, or the deletion of this proviso, in accordance with the
requirements of Sections 1011(b), 1014 and 1301(h).
A supplemental indenture which (x) changes or eliminates any covenant or other
provision of this Indenture which has expressly been included solely for the
benefit of the Holders of, or which is to remain in effect only so long as there
shall be Outstanding, Securities of one or more particular series, or one or
more Tranches thereof, or (y) modifies the rights of the Holders of Securities
of such series or Tranches with respect to such covenant or other provision,
shall be deemed not to affect the rights under this Indenture of the Holders of
Securities of any other series or Tranche.
It shall not be necessary for any Act of Holders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall
be sufficient if such Act shall approve the substance thereof.
Anything in this Indenture to the contrary notwithstanding, if the
Officer's Certificate, supplemental indenture or Board Resolution, as the case
may be, establishing the Securities of any series or Tranche shall provide that
the Company may make certain specified additions, changes or eliminations to or
from the Indenture which shall be specified in such Officer's Certificate,
supplemental indenture or Board Resolution establishing such series or Tranche,
(a) the Holders of Securities of such series or Tranche shall be deemed to have
consented to a supplemental indenture containing such additions, changes or
eliminations to or from the Indenture which shall be specified in such Officer's
Certificate, supplemental indenture or Board Resolution establishing such series
or Tranche, (b) no Act of such Holders shall be required to evidence such
consent and (c) such consent may be counted in the determination of whether or
not the Holders of the requisite principal amount of Securities shall have
consented to such supplemental indenture.
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SECTION 1303. Execution of Supplemental Indentures.
In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article or the modifications thereby of
the trusts created by this Indenture, the Trustee shall be entitled to receive,
and (subject to Section 1001) shall be fully protected in relying upon, an
Opinion of Counsel and an Officer's Certificate stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture and
containing the statements required by Section 104. The Trustee may, but shall
not be obligated to, enter into any such supplemental indenture which adversely
affects the Trustee's own rights, duties, immunities or liabilities under this
Indenture or otherwise.
SECTION 1304. Effect of Supplemental Indentures.
Upon the execution of any supplemental indenture under this Article
this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes; and every Holder
of Securities theretofore or thereafter authenticated and delivered hereunder
shall be bound thereby. Any supplemental indenture permitted by this Article may
restate this Indenture in its entirety, and, upon the execution and delivery
thereof, any such restatement shall supersede this Indenture as theretofore in
effect for all purposes.
Upon the execution and delivery of the supplemental indenture
described in Section 1811, (a) the Lien of this Indenture shall be deemed to
have been satisfied and discharged, (b) upon request by the Company, the Trustee
shall release, quitclaim and otherwise turn over to the Company the Mortgaged
Property (other than money and Eligible Obligations held by the Trustee pursuant
to Section 803), (c) upon request by the Company, the Trustee shall execute and
deliver to the Company such deeds and other instruments as, in the judgment of
the Company, shall be necessary, desirable or appropriate to effect or evidence
such satisfaction, discharge, release and quitclaim and (d) the Company shall,
as promptly as practicable, give notice to all Holders of such satisfaction and
discharge in the same manner as a notice of redemption.
SECTION 1305. Conformity With Trust Indenture Act.
Every supplemental indenture executed pursuant to this Article shall
conform to the requirements of the Trust Indenture Act as then in effect.
SECTION 1306. Reference in Securities to Supplemental Indentures.
Securities of any series, or any Tranche thereof, authenticated and
delivered after the execution of any supplemental indenture pursuant to this
Article may, and shall if required by the Trustee, bear a notation in form
approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Securities of any series, or
any Tranche thereof, so modified as to conform, in the opinion of the Trustee
and the Company, to any such supplemental indenture may be prepared and executed
by the Company, and authenticated and delivered by the Trustee in exchange for
Outstanding Securities of such series or Tranche.
SECTION 1307. Modification Without Supplemental Indenture.
To the extent, if any, that the terms of any particular series of
Securities shall have been established in or pursuant to a Board Resolution or
an Officer's Certificate pursuant to a supplemental indenture or Board
Resolution as contemplated by Section 301, and not in an indenture supplemental
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hereto, additions to, changes in or the elimination of any of such terms may be
effected by means of a supplemental Board Resolution or Officer's Certificate
pursuant to a Board Resolution or a supplemental indenture and complying with
the requirements of Section 104, as the case may be, delivered to, and accepted
by, the Trustee in writing; provided, however, that such supplemental Board
Resolution or Officer's Certificate shall not be accepted by the Trustee or
otherwise be effective unless all conditions set forth in this Indenture which
would be required to be satisfied if such additions, changes or elimination were
contained in a supplemental indenture shall have been appropriately satisfied.
Upon the written acceptance thereof by the Trustee, any such supplemental Board
Resolution or Officer's Certificate shall be deemed to be effective and
constitute part of the Indenture and a supplemental indenture hereunder,
including for purposes of Section 1816. Such acceptance shall be conveyed by a
written instrument signed by a Responsible Officer of the Trustee.
ARTICLE FOURTEEN
Meetings of Holders; Action Without Meeting
SECTION 1401. Purposes for Which Meetings May Be Called.
A meeting of Holders of Securities of one or more, or all, series, or
any Tranche or Tranches thereof, may be called at any time and from time to time
pursuant to this Article to make, give or take any request, demand,
authorization, direction, notice, consent, waiver or other action provided by
this Indenture to be made, given or taken by Holders of Securities of such
series or Tranches.
SECTION 1402. Call, Notice and Place of Meetings.
(a) The Trustee may at any time call a meeting of Holders of
Securities of one or more, or all, series, or any Tranche or Tranches thereof,
for any purpose specified in Section 1401, to be held at such time and at such
place in the Borough of Manhattan, The City of New York, as the Trustee shall
determine, or, with the approval of the Company, at any other place. Notice of
every such meeting, setting forth the time and the place of such meeting and in
general terms the action proposed to be taken at such meeting, shall be given,
in the manner provided in Section 108, not less than 21 nor more than 180 days
prior to the date fixed for the meeting.
(b) If the Trustee shall have been requested to call a meeting of the
Holders of Securities of one or more, or all, series, or any Tranche or Tranches
thereof, by the Company or by the Holders of 33% in aggregate principal amount
of all of such series and Tranches, considered as one class, for any purpose
specified in Section 1401, by written request setting forth in reasonable detail
the action proposed to be taken at the meeting, and the Trustee shall not have
given the notice of such meeting within 21 days after receipt of such request or
shall not thereafter proceed to cause the meeting to be held as provided herein,
then the Company or the Holders of Securities of such series and Tranches in the
amount above specified, as the case may be, may determine the time and the place
in the Borough of Manhattan, The City of New York, or in such other place as
shall be determined or approved by the Company, for such meeting and may call
such meeting for such purposes by giving notice thereof as provided in
subsection (a) of this Section.
(c) Any meeting of Holders of Securities of one or more, or all,
series, or any Tranche or Tranches thereof, shall be valid without notice if the
Holders of all Outstanding
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Securities of such series or Tranches are present in person or by proxy and if
representatives of the Company and the Trustee are present, or if notice is
waived in writing before or after the meeting by the Holders of all Outstanding
Securities of such series, or any Tranche or Tranches thereof or by such of them
as are not present at the meeting in person or by proxy, and by the Company and
the Trustee.
SECTION 1403. Persons Entitled to Vote at Meetings.
To be entitled to vote at any meeting of Holders of Securities of one
or more, or all, series, or any Tranche or Tranches thereof, a Person shall be
(a) a Holder of one or more Outstanding Securities of such series or Tranches,
or (b) a Person appointed by an instrument in writing as proxy for a Holder or
Holders of one or more Outstanding Securities of such series or Tranches by such
Holder or Holders. The only Persons who shall be entitled to attend any meeting
of Holders of Securities of any series or Tranche shall be the Persons entitled
to vote at such meeting and their counsel, any representatives of the Trustee
and its counsel and any representatives of the Company and its counsel.
SECTION 1404. Quorum; Action.
The Persons entitled to vote a majority in aggregate principal amount
of the Outstanding Securities of the series and Tranches with respect to which a
meeting shall have been called as hereinbefore provided, considered as one
class, shall constitute a quorum for a meeting of Holders of Securities of such
series and Tranches; provided, however, that if any action is to be taken at
such meeting which this Indenture expressly provides may be taken by the Holders
of a specified percentage, which is less than a majority, in principal amount of
the Outstanding Securities of such series and Tranches, considered as one class,
the Persons entitled to vote such specified percentage in principal amount of
the Outstanding Securities of such series and Tranches, considered as one class,
shall constitute a quorum. In the absence of a quorum within one hour of the
time appointed for any such meeting, the meeting shall, if convened at the
request of Holders of Securities of such series and Tranches, be dissolved. In
any other case the meeting may be adjourned for such period as may be determined
by the chairman of the meeting prior to the adjournment of such meeting. In the
absence of a quorum at any such adjourned meeting, such adjourned meeting may be
further adjourned for such period as may be determined by the chairman of the
meeting prior to the adjournment of such adjourned meeting. Notice of the
reconvening of any meeting adjourned for more than 30 days shall be given as
provided in Section 1402(a) not less than ten days prior to the date on which
the meeting is scheduled to be reconvened. Notice of the reconvening of an
adjourned meeting shall state expressly the percentage, as provided above, of
the principal amount of the Outstanding Securities of such series and Tranches
which shall constitute a quorum.
Except as limited by Section 1302, any resolution presented to a
meeting or adjourned meeting duly reconvened at which a quorum is present as
aforesaid may be adopted only by the affirmative vote of the Holders of a
majority in aggregate principal amount of the Outstanding Securities of the
series and Tranches with respect to which such meeting shall have been called,
considered as one class; provided, however, that, except as so limited, any
resolution with respect to any action which this Indenture expressly provides
may be taken by the Holders of a specified percentage, which is less than a
majority, in principal amount of the Outstanding Securities of such series and
Tranches, considered as one class, may be adopted at a meeting or an adjourned
meeting duly reconvened and at which a quorum is present as aforesaid by the
affirmative vote of the Holders of such specified percentage in principal amount
of the Outstanding Securities of such series and Tranches, considered as one
class.
Any resolution passed or decision taken at any meeting of Holders of
Securities duly held in accordance with this Section shall be binding on all the
Holders of Securities of the series and Tranches
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with respect to which such meeting shall have been held, whether or not present
or represented at the meeting.
SECTION 1405. Attendance at Meetings; Determination of Voting Rights; Conduct
and Adjournment of Meetings.
(a) Attendance at meetings of Holders of Securities may be in person
or by proxy; and, to the extent permitted by law, any such proxy shall remain in
effect and be binding upon any future Holder of the Securities with respect to
which it was given unless and until specifically revoked by the Holder or future
Holder of such Securities before being voted.
(b) Notwithstanding any other provisions of this Indenture, the
Trustee may make such reasonable regulations as it may deem advisable for any
meeting of Holders of Securities in regard to proof of the holding of such
Securities and of the appointment of proxies and in regard to the appointment
and duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters
concerning the conduct of the meeting as it shall deem appropriate. Except as
otherwise permitted or required by any such regulations, the holding of
Securities shall be proved in the manner specified in Section 106 and the
appointment of any proxy shall be proved in the manner specified in Section 106.
Such regulations may provide that written instruments appointing proxies,
regular on their face, may be presumed valid and genuine without the proof
specified in Section 106 or other proof.
(c) The Trustee shall, by an instrument in writing, appoint a
temporary chairman of the meeting, unless the meeting shall have been called by
the Company or by Holders as provided in Section 1402(b), in which case the
Company or the Holders of Securities of the series and Tranches calling the
meeting, as the case may be, shall in like manner appoint a temporary chairman.
A permanent chairman and a permanent secretary of the meeting shall be elected
by vote of the Persons entitled to vote a majority in aggregate principal amount
of the Outstanding Securities of all series and Tranches represented in person
or by proxy at the meeting, considered as one class.
(d) At any meeting each Holder or proxy shall be entitled to one vote
for each $1,000 principal amount of Securities held or represented by him;
provided, however, that no vote shall be cast or counted at any meeting in
respect of any Security challenged as not Outstanding and ruled by the chairman
of the meeting to be not Outstanding. The chairman of the meeting shall have no
right to vote, except as a Holder of a Security or proxy.
(e) Any meeting duly called pursuant to Section 1402 at which a quorum
is present may be adjourned from time to time by Persons entitled to vote a
majority in aggregate principal amount of the Outstanding Securities of all
series and Tranches represented at the meeting, considered as one class; and,
except as provided in Section 1404, the meeting may be held as so adjourned
without further notice.
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SECTION 1406. Counting Votes and Recording Action of Meetings.
The vote upon any resolution submitted to any meeting of Holders shall
be by written ballots on which shall be subscribed the signatures of the Holders
or of their representatives by proxy and the principal amounts and serial
numbers of the Outstanding Securities, of the series and Tranches with respect
to which the meeting shall have been called, held or represented by them. The
permanent chairman of the meeting shall appoint two inspectors of votes who
shall count all votes cast at the meeting for or against any resolution and who
shall make and file with the secretary of the meeting their verified written
reports of all votes cast at the meeting. A record, in duplicate, of the
proceedings of each meeting of Holders shall be prepared by the secretary of the
meeting and there shall be attached to said record the original reports of the
inspectors of votes on any vote by ballot taken thereat and affidavits by one or
more persons having knowledge of the facts setting forth a copy of the notice of
the meeting and showing that said notice was given as provided in Section 1402
and, if applicable, Section 1404. Each copy shall be signed and verified by the
affidavits of the permanent chairman and secretary of the meeting and one such
copy shall be delivered to the Company, and another to the Trustee to be
preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence
of the matters therein stated.
SECTION 1407. Action Without Meeting.
In lieu of a vote of Holders at a meeting as hereinbefore contemplated
in this Article, any request, demand, authorization, direction, notice, consent,
waiver or other action may be made, given or taken by Holders by one or more
written instruments as provided in Section 106.
ARTICLE FIFTEEN
Immunity of Incorporators, Shareholders, Officers and Directors
SECTION 1501. Liability Solely Corporate.
No recourse shall be had for the payment of the principal of or
premium, if any, or interest, if any, on any Securities or any part thereof, or
for any claim based thereon or otherwise in respect thereof, or of the
indebtedness represented thereby, or upon any obligation, covenant or agreement
under this Indenture, against any incorporator, shareholder, member, limited
partner, officer, manager or director, as such, past, present or future of the
Company or of any predecessor or successor of the Company (either directly or
through the Company or a predecessor or successor of the Company), whether by
virtue of any constitutional provision, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise; it being expressly agreed
and understood that this Indenture and all the Securities are solely corporate
obligations, and that no personal liability whatsoever shall attach to, or be
incurred by, any incorporator, shareholder, member, limited partner, officer,
manager or director, past, present or future, of the Company or of any
predecessor or successor of the Company, either directly or indirectly through
the Company or any predecessor or successor of the Company, because of the
indebtedness hereby authorized or under or by reason of any of the obligations,
covenants or agreements contained in this Indenture or in any of the Securities
or to be implied herefrom or therefrom, and that any such personal liability is
hereby expressly waived and released as a condition of, and as part of the
consideration for, the execution of this Indenture and the issuance of the
Securities.
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ARTICLE SIXTEEN
Issuance of Securities Prior to the Release Date
SECTION 1601. General.
Prior to the Release Date, the Trustee shall authenticate and deliver
Securities, for original issue, at one time or from time to time in accordance
with the Company Order referred to below, only pursuant to Section 1602, 1603,
1604 or 1605.
SECTION 1602. Issuance of Securities on the Basis of Class A Bonds.
(a) Securities of any one or more series may be authenticated and
delivered on the basis of, and in an aggregate principal amount not exceeding,
the aggregate principal amount of Class A Bonds delivered to the Trustee for
such purpose.
(b) Securities of any series shall be authenticated and delivered by
the Trustee on the basis of the delivery to the Trustee of Class A Bonds which
have not theretofore been made the basis under any provisions of this Indenture
of one or more Authorized Purposes upon receipt by the Trustee of:
(i) The documents with respect to the Securities of such series
specified in Section 303;
(ii) Class A Bonds (A) maturing (or being subject to mandatory
redemption) on such dates and in such principal amounts that, at each
Stated Maturity of the Securities of such series (or the Tranche
thereof then to be authenticated and delivered), there shall mature
(or be redeemed) Class A Bonds equal in principal amount to the
Securities of such series or Tranche then to mature and (B)
containing, in addition to any mandatory redemption provisions
applicable to all Class A Bonds Outstanding under the related Class A
Mortgage and any mandatory redemption provisions contained therein
pursuant to clause (A) above, mandatory redemption provisions
correlative to the provisions, if any, for the mandatory redemption
(pursuant to a sinking fund or otherwise) of the Securities of such
series or Tranche or for the redemption thereof at the option of the
Holder; it being expressly understood that such Class A Bonds (X) may,
but need not, bear interest, (Y) may, but need not, contain provisions
for the redemption thereof at the option of the Company, any such
redemption to be made at a redemption price or prices not less than
the principal amount thereof and (Z) shall be held by the Trustee in
accordance with Article Seventeen; and
(iii) an Opinion of Counsel to the effect that:
(1) the form or forms of such Class A Bonds have been duly
authorized by the Company and have been established in conformity
with the provisions of the related Class A Mortgage;
(2) the terms of such Class A Bonds have been duly
authorized by the Company and have been established in conformity
with the provisions of the related Class A Mortgage; and
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(3) (I) such Class A Bonds have been duly executed by the
Company and authenticated by the trustee under the related Class
A Mortgage and (II) when the Securities to be authenticated and
delivered on the basis of the delivery to the Trustee of such
Class A Bonds shall have been authenticated and delivered by the
Trustee in accordance with this Indenture and issued and
delivered by the Company in the manner and subject to any
conditions specified in such Opinion of Counsel, such Class A
Bonds will constitute valid and legally binding obligations of
the Company, enforceable in accordance with their terms, subject,
as to enforcement, to laws relating to or affecting generally the
enforcement of mortgagee's and creditors' rights, including,
without limitation, bankruptcy, insolvency, reorganization,
receivership, moratorium and other laws affecting the rights and
remedies of creditors and mortgagees' generally and general
principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity as at law) and except as
enforcement of provisions thereof may be limited by state laws
affecting the remedies of the enforcement of the security
provided for in the Class A Mortgage; and such Class A Bonds will
be entitled to the benefit of the Lien of such Class A Mortgage
equally and ratably with all other Class A Bonds then Outstanding
under such Class A Mortgage, except as to sinking fund or similar
provisions.
provided, however, that, with respect to Securities of a series
subject to a Periodic Offering, the Trustee shall be entitled to
receive such Opinion of Counsel only once at or prior to the time of
the first authentication and delivery of such Securities and that, in
lieu of the opinions described in clauses (B) and (C) above, counsel
may opine that:
(X) when the terms of such Class A Bonds shall have been
established in accordance with the instrument or instruments creating
the series of which such Class A Bonds are a part, such terms will
have been duly authorized by the Company and will have been
established in conformity with the provisions of the related Class A
Mortgage; and/or
(Y) (I) either (1) such Class A Bonds have been duly issued and
delivered by the Company and authenticated and delivered by the
trustee under the related Class A Mortgage or (2) when such Class A
Bonds shall have been authenticated and delivered by the trustee under
the related Class A Mortgage in accordance with the instrument or
instruments creating the series of which such Class A Bonds are a
part, such Class A Bonds will have been duly authenticated and
delivered under such Class A Mortgage and (II) when such Class A Bonds
shall have been issued and delivered by the Company in the manner and
subject to any conditions specified in such Opinion of Counsel, and
when the Securities to be authenticated and delivered on the basis of
the delivery to the Trustee of such Class A Bonds shall have been
authenticated and delivered by the Trustee in accordance with this
Indenture and issued and delivered by the Company in the manner and
subject to any conditions specified in such Opinion of Counsel, such
Class A Bonds will constitute valid obligations of the Company,
entitled to the benefit of the Lien of such Class A Mortgage equally
and ratably with all other Class A Bonds then Outstanding under such
Class A Mortgage.
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SECTION 1603. Issuance of Securities on the Basis of Property Additions.
(a) Securities of any one or more series may be authenticated and
delivered on the basis of Property Additions which do not constitute Funded
Property in a principal amount not exceeding 70% of the balance of the Cost or
the Fair Value to the Company of such Property Additions (whichever shall be
less) after making any deductions and any additions pursuant to Section 103(b).
(b) Securities of any series shall be authenticated and delivered by
the Trustee on the basis of Property Additions upon receipt by the Trustee of:
(i) the documents with respect to the Securities of such series
specified in Section 303;
(ii) an Expert's Certificate dated as of a date not more than
ninety (90) days prior to the date of the Company Order referring to
it,
(1) describing the property designated by the Company, in
its discretion, to be made the basis of the authentication and
delivery of such Securities (such description of property to be
made by reference, at the election of the Company, either to
specified items, units and/or elements of property or portions
thereof, on a percentage or Dollar basis, or to properties
reflected in specified accounts or subaccounts in the Company's
books of account or portions thereof, on a Dollar basis), and
stating the Cost of such property;
(2) stating that all such property constitutes Property
Additions;
(3) stating that such Property Additions are desirable for
use in the conduct of the business, or one of the businesses, of
the Company;
(4) stating that such Property Additions, to the extent of
the Cost or Fair Value to the Company thereof (whichever is less)
to be made the basis of the authentication and delivery of such
Securities, do not constitute Funded Property;
(5) stating, except as to Property Additions acquired, made
or constructed wholly through the delivery of securities or other
property, that the amount of cash forming all or part of the Cost
thereof was equal to or more than an amount to be stated therein;
(6) briefly describing, with respect to any Property
Additions acquired, made or constructed in whole or in part
through the delivery of securities or other property, the
securities or other property so delivered and stating the date of
such delivery;
(7) stating what part, if any, of such Property Additions
includes property which within six months prior to the date of
acquisition thereof by the Company had been used or operated by
others than the Company in a business similar to that in which it
has been or is to be used or operated by the Company and stating
whether or not, in the judgment of the signers, the Fair Value of
such Property Additions to the Company, as of the date of such
certificate, is less than Twenty-five Thousand Dollars ($25,000)
and whether or not such Fair Value is less than one percent (1%)
of the aggregate principal amount of Securities then Outstanding;
86
(8) stating, in the judgment of the signers, the Fair Value
to the Company, as of the date of such certificate, of such
Property Additions, except any thereof with respect to the Fair
Value to the Company of which a statement is to be made in an
Independent Expert's Certificate pursuant to clause (iii) below;
(9) stating the amount required to be deducted under Section
103(b)(i) and the amounts elected to be added under Section
103(b)(ii) in respect of Funded Property retired by the Company;
(10) if any property included in such Property Additions is
subject to a Lien of the character described (I) in clause (f) of
the definition of Permitted Liens, stating that such Lien does
not, in the judgment of the signers, materially impair the use by
the Company of the Mortgaged Property considered as a whole for
the purposes for which it is held by the Company, or (II) in
clause (i)(ii) of the definition of Permitted Liens, stating that
such Lien does not, in the judgment of the signers, materially
impair the use by the Company of such property for the purposes
for which it is held by the Company or (III) in clause (p)(ii) of
the definition of Permitted Liens, stating that the enforcement
of such Lien would not, in the judgment of the signers, adversely
affect the interests of the Company in such property in any
material respect;
(11) stating the lower of the Cost or the Fair Value to the
Company of such Property Additions, after the deductions
therefrom and additions thereto specified in such Expert's
Certificate pursuant to clause (9) above;
(12) stating the aggregate principal amount of the
Securities to be authenticated and delivered on the basis of such
Property Additions (such amount not to exceed 70% of the amount
stated pursuant to clause (11) above);
(iii) in case any Property Additions are shown by the Expert's
Certificate provided for in clause (ii) above to include property
which, within six months prior to the date of acquisition thereof by
the Company, had been used or operated by others than the Company in a
business similar to that in which it has been or is to be used or
operated by the Company and such certificate does not show the Fair
Value thereof to the Company, as of the date of such certificate, to
be less than Twenty-five Thousand Dollars ($25,000) or less than one
percent (1%) of the aggregate principal amount of Securities then
Outstanding, an Independent Expert's Certificate stating, in the
judgment of the signer, the Fair Value to the Company, as of the date
of such Independent Expert's Certificate, of (X) such Property
Additions which have been so used or operated and (at the option of
the Company) as to any other Property Additions included in the
Expert's Certificate provided for in clause (ii) above and (Y) in case
such Independent Expert's Certificate is being delivered in connection
with the authentication and delivery of Securities, any property so
used or operated which has been subjected to the Lien of this
Indenture since the commencement of the then current calendar year as
the basis for the authentication and delivery of Securities and as to
which an Independent Expert's Certificate has not previously been
furnished to the Trustee;
(iv) in case any Property Additions are shown by the Expert's
Certificate provided for in clause (ii) above to have been acquired,
made or constructed in whole or in part through the delivery of
securities or other property, an Expert's Certificate stating,
87
in the judgment of the signers, the fair market value in cash of such
securities or other property at the time of delivery thereof in
payment for or for the acquisition of such Property Additions;
(v) an Opinion of Counsel to the effect that:
(1) this Indenture constitutes, or, upon the delivery of,
and/or the filing and/or recording in the proper places and
manner of, the instruments of conveyance, assignment or transfer,
if any, specified in said opinion, will constitute, a Lien on all
the Property Additions to be made the basis of the authentication
and delivery of such Securities, subject to no Lien thereon prior
to the Lien of this Indenture except Permitted Liens listed in
clauses (c) through (s) and (u) of the definition of Permitted
Liens;
(2) such Property Additions are not subject to the Lien of
any Class A Mortgage; and
(3) the Company has corporate authority to operate such
Property Additions; and
(vi) copies of the instruments of conveyance, assignment and
transfer, if any, specified in the Opinion of Counsel provided for in
clause (v) above.
SECTION 1604. Issuance of Securities on the Basis of Retired Securities.
(a) Subject to the provisions of subsection (c) of this Section,
Securities of any one or more series may be authenticated and delivered on the
basis of, and in an aggregate principal amount not exceeding the aggregate
principal amount of, Retired Securities.
(b) Securities of any series shall be authenticated and delivered by
the Trustee on the basis of Retired Securities upon receipt by the Trustee of:
(i) the documents with respect to the Securities of such series
specified in Section 303; and
(ii) an Officer's Certificate stating that Retired Securities,
specified by series, in an aggregate principal amount not less than
the aggregate principal amount of Securities to be authenticated and
delivered, have theretofore been authenticated and delivered and, as
of the date of such Officer's Certificate, constitute Retired
Securities and are the basis for the authentication and delivery of
such Securities.
(c) No Securities shall be authenticated or delivered hereunder on the
basis of any Retired Securities theretofore authenticated and delivered on the
basis of Class A Bonds pursuant to Section 1602 until the Class A Mortgage under
which such Class A Bonds were delivered has been discharged pursuant to the
provisions thereof.
SECTION 1605. Issuance of Securities on the Basis of Deposit of Cash.
(a) Securities of any one or more series may be authenticated and
delivered on the basis of, and in an aggregate principal not exceeding the
amount of, any cash deposited with the Trustee for such purpose.
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(b) Securities of any series shall be authenticated and delivered by
the Trustee on the basis of the deposit of cash when the Trustee shall have
received, in addition to such deposit, the documents with respect to the
Securities of such series specified in Section 303.
(c) All cash deposited with the Trustee under the provisions of this
Section, and all cash required by Section 1702(a) to be applied in accordance
with the provisions of this Section, shall be held by the Trustee as a part of
the Mortgaged Property and may be withdrawn from time to time by the Company,
upon application of the Company to the Trustee, in an amount equal to the
aggregate principal amount of Securities to the authentication and delivery of
which the Company shall be entitled under any of the provisions of this
Indenture by virtue of compliance with all applicable provisions of this
Indenture (except as hereinafter in this subsection (c) otherwise provided).
Upon any such application for withdrawal, the Company shall comply
with all applicable provisions of this Article relating to the authentication
and delivery of Securities except that the Company shall not in any event be
required to deliver the documents specified in Section 303; provided, however,
that (i) such withdrawal shall not be made on the basis of the delivery of Class
A Bonds pursuant to Section 1602 unless an equal principal amount of Securities
which were authenticated and delivered pursuant to this Section on the basis of
the deposit of the cash then to be withdrawn (or Securities authenticated and
delivered, directly or indirectly, on the basis of the retirement of such
Securities) remain Outstanding and (ii) if such withdrawal is to be made on such
basis, the requirements of Section 1602(b)(ii) with respect to such Class A
Bonds shall be determined by reference to such Securities which remain
Outstanding.
Any withdrawal of cash under this subsection (c) shall operate as a
waiver by the Company of its right to the authentication and delivery of the
Securities on which it is based and such Securities may not thereafter be
authenticated and delivered hereunder. Any Property Additions which have been
made the basis of any such right to the authentication and delivery of
Securities so waived shall be deemed to have been made the basis of the
withdrawal of such cash; any Retired Securities which have been made the basis
of any such right to the authentication and delivery of Securities so waived
shall be deemed to have been made the basis of the withdrawal of such cash; and
any Class A Bonds which have been made the basis of any such right to the
authentication and delivery of Securities so waived shall be deemed to have been
made the basis of the authentication and delivery of the Securities which
initially had been authenticated and delivered pursuant to this Section on the
basis of the deposit of the cash so withdrawn (or Securities initially
authenticated and delivered, directly or indirectly, on the basis of the
retirement of such Securities) which remain Outstanding.
(d) If at any time the Company shall so direct, any sums deposited
with the Trustee under the provisions of this Section may be used or applied to
the purchase, payment or redemption of Securities in the manner and subject to
the conditions provided in clauses (d) and (e) of Section 1806.
ARTICLE SEVENTEEN
Class A Bonds; Additional Class A Mortgages; Discharge of Class A Mortgage
SECTION 1701. Registration and Ownership of Class A Bonds.
Class A Bonds delivered to the Trustee pursuant to Section 1602 shall
be registered in the name of the Trustee or its nominee and shall be owned and
held by the Trustee, subject to the provisions of this Indenture, for the
benefit of the Holders of all Securities from time to time Outstanding, and the
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Company shall have no interest therein. The Trustee shall be entitled to
exercise all rights of securityholders under each Class A Mortgage either in its
discretion or as otherwise provided in this Article or in Article Nine.
If, notwithstanding the intention of the parties expressed in this
Section 1701, it shall be finally determined by an appropriate court that the
Company has any interest in the Class A Bonds held by the Trustee pursuant to
this Indenture, the Company hereby, to the extent permitted by law, grants to
the Trustee, for the benefit of the Holders of all Securities from time to time
Outstanding, a security interest in such interest of the Company in such Class A
Bonds.
SECTION 1702. Payments on Class A Bonds.
(a) Any payment by the Company of principal of or premium or interest
on any Class A Bonds delivered to and held by the Trustee pursuant to Sections
1602 and 1701 shall be applied by the Trustee to the payment of any principal,
premium or interest, as the case may be, in respect of the Securities which is
then due, and, to the extent of such application, the obligation of the Company
hereunder to make such payment in respect of the Securities shall be deemed to
have been satisfied and discharged.
If, at the time of any such payment of principal of Class A Bonds
delivered to and held by the Trustee pursuant to Sections 1602 and 1701, there
shall be no principal then due in respect of the Securities, such payment in
respect of such Class A Bonds shall be deemed to constitute Funded Cash and
shall be held by the Trustee as part of the Mortgaged Property, to be withdrawn,
used or applied in the manner, to the extent and for the purposes, and subject
to the conditions, provided in Section 1605(c); and thereafter the Securities
authenticated and delivered on the basis of such Class A Bonds shall, to the
extent of such payment of principal, be deemed to have been authenticated and
delivered on the basis of the deposit of cash.
If, at the time of any such payment of premium or interest on Class A
Bonds delivered to and held by the Trustee pursuant to Sections 1602 and 1701,
there shall be no premium or interest, as the case may be, then due in respect
of the Securities, such payment in respect of such Class A Bonds shall be
remitted to the Company upon receipt by the Trustee of a Company Order
requesting the same, together with an Officer's Certificate stating that no
Event of Default has occurred and is continuing; provided, however, that, if an
Event of Default shall have occurred and be continuing, such proceeds shall be
held as part of the Mortgaged Property until such Event of Default shall have
been cured or waived.
(b) Any payment by the Company hereunder of principal of or premium or
interest on Securities which shall have been authenticated and delivered upon
the basis of the delivery to the Trustee of Class A Bonds (other than by the
application of the proceeds of a payment in respect of such Class A Bonds)
shall, to the extent thereof, be deemed, for all purposes of this Indenture, to
satisfy and discharge the obligation of the Company, if any, to make a payment
of principal, premium or interest, as the case may be, in respect of such Class
A Bonds which is then due.
(c) The Trustee hereby waives notice of any redemption of Class A
Bonds delivered to it pursuant to Section 1602.
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SECTION 1703. Surrender of Class A Bonds.
At the time any Securities which shall have been authenticated and
delivered on the basis of the delivery to the Trustee of Class A Bonds cease to
be Outstanding (other than as a result of the application of the proceeds of the
payment or redemption of such Class A Bonds), the Trustee shall surrender to, or
upon the order of, the Company an equal principal amount of such Class A Bonds.
In the event that the principal of, and interest and premium, if any, on any
Class A Bond, or portion thereof, has been paid, the Trustee shall promptly
surrender such Class A Bond, or such portion, to or to the order of the Company
for cancellation.
SECTION 1704. No Transfer of Class A Bonds.
Anything in this Indenture to the contrary notwithstanding, the
Trustee shall not sell, assign or otherwise transfer any Class A Bonds delivered
to and held by it pursuant to Sections 1602 and 1701 except to a successor
trustee under this Indenture and except as provided in Section 1703. The Company
may take such actions as it shall deem necessary, desirable or appropriate to
effect compliance with such restrictions on transfer, including the placing of a
legend on each such Class A Bond and the issuance of stop-transfer instructions
to the trustee under the related Class A Mortgage or any other transfer agent
thereunder.
SECTION 1705. Voting of Class A Bonds.
The Trustee shall, as the owner and holder of Class A Bonds delivered
to and held by it pursuant to this Indenture, attend such meeting or meetings of
bondholders under each Class A Mortgage or, at its option, deliver its proxy in
connection therewith, as relate to matters with respect to which it, as such
holder, is entitled to vote or consent. So long as no Event of Default hereunder
shall have occurred and be continuing, either at any such meeting or meetings,
or otherwise when the consent of the holders of the Class A Bonds Outstanding
under any Class A Mortgage is sought without a meeting, the Trustee shall vote
as holder of Class A Bonds Outstanding under such Class A Mortgage, or shall
consent with respect thereto, as follows:
(a) the Trustee shall vote all such Class A Bonds, or shall consent
with respect thereto, (i) in favor of any or all amendments or
modifications of such Class A Mortgage of substantially the same tenor and
effect as any or all of those set forth in Exhibit A to this Indenture
and/or (ii) in favor of any amendment or modification of such Class A
Mortgage (A) to conform any provision thereof in all material respects to
the correlative provision of this Indenture, (B) to add thereto any
provision not otherwise contained therein which conforms in all material
respects to a provision contained in this Indenture and/or (C) to delete
therefrom any provision thereof to which this Indenture contains no
correlative provision and/or (iii) any combination of amendments and/or
modifications described in clauses (i) and (ii) above; and/or
(b) with respect to any other amendments or modifications of such
Class A Mortgage, the Trustee shall vote all such Class A Bonds, or shall
consent with respect thereto, proportionately with the vote or consent of
the holders of all other Class A Bonds Outstanding under such Class A
Mortgage the holders of which are eligible to vote or consent, as indicated
in a Class A Bondholder's Certificate delivered to the Trustee; provided,
however, that the Trustee shall not so vote in favor of, or so consent to,
any amendment or modification of a Class A Mortgage which, if it were an
amendment or modification of this Indenture, would require the consent of
any Holders of Securities obtained in the manner prescribed in Section
1302, without
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the prior consent of those Holders of Securities which would be required
under said Section 1302 for such an amendment or modification of this
Indenture;
provided, however, that as a condition to the Trustee voting or giving consent
under Sections 1705(a) and/or (b), the Trustee shall have received an Officer's
Certificate and an Opinion of Counsel stating that in the opinion of such
signers said voting or consent is authorized or permitted by said subsections.
For purposes of this Section, "Class A Bondholder's Certificate" means
a certificate signed by the temporary chairman, the temporary secretary, the
permanent chairman, the permanent secretary, or an inspector of votes at any
meeting or meetings of bondholders under a Class A Mortgage, or by the trustee
under such Class A Mortgage in the case of consents of such bondholders which
are sought without a meeting, which states what the signer thereof reasonably
believes will be the proportionate votes or consents of the holders of all Class
A Bonds (other than the Class A Bonds delivered to and held by the Trustee
pursuant to Sections 1602 and 1701) outstanding under such Class A Mortgage and
counted for the purposes of determining whether such bondholders have approved
or consented to the matter put before them.
SECTION 1706. Designation of Additional Class A Mortgages.
(a) In the event that, after the Execution Date, a corporation which
was the mortgagor under a mortgage, deed of trust or similar indenture shall
have merged into or consolidated with the Company, or shall have conveyed or
otherwise transferred property to the Company subject to the Lien of such a
mortgage, deed of trust or similar indenture and the Company shall have duly
assumed and agreed to perform and pay all the obligations of the mortgagor
thereunder, such mortgage, deed of trust or similar indenture may be designated
by the Company an additional Class A Mortgage upon delivery to the Trustee of
the following:
(i) a Company Order authorizing the designation of such mortgage,
deed of trust or similar indenture as an additional Class A Mortgage;
(ii) an Officer's Certificate (A) stating that no event of
default has occurred and is continuing which entitles the trustee
under such mortgage, deed of trust or similar indenture to accelerate
the maturity of the obligations outstanding thereunder, (B) reciting
the aggregate principal amount of obligations theretofore issued under
such mortgage, deed of trust or similar indenture and the aggregate
principal amount of obligations then outstanding thereunder and (C)
either (1) stating that the terms of such mortgage, deed of trust or
similar indenture, as then in effect, do not permit the issuance of
obligations thereunder upon the basis of property additions in a
principal amount exceeding the balance of the cost or fair value of
such property additions to the issuer thereof (whichever shall be
less) after making deductions and additions similar to those provided
for in Section 103, or (2) in the event that the statements contained
in clause (1) above cannot be made, stating that the Company has
irrevocably waived its right to the authentication and delivery of
further obligations under such mortgage, deed of trust or similar
indenture (I) on any basis, in a principal amount equal to the excess
of (x) the aggregate principal amount of obligations then outstanding
under such mortgage, deed of trust or similar indenture which were
issued on the basis of property additions or on the basis of the
retirement of obligations which were issued (whether directly or
indirectly when considered in light of the successive issuance and
retirement of obligations) on the basis of property additions over (y)
an amount equal to the aggregate Dollar amount of
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property additions certified as the basis for the issuance of such
obligations then outstanding and (II) on the basis of property
additions, in a principal amount exceeding 70% of the balance of the
Cost or Fair Value to the Company thereof (whichever shall be less)
after making deductions and additions similar to those provided for in
Section 103; and
(iii) an Opinion or Opinions of Counsel to the effect that (A)
the corporation that was the mortgagor under such mortgage, deed of
trust or similar indenture has been duly and lawfully merged into or
consolidated with the Company or has duly and lawfully conveyed or
otherwise transferred property to the Company; (B) if required by
applicable law, such mortgage, deed of trust or similar indenture is
qualified under the Trust Indenture Act; (C) the Company has duly
assumed and agreed to perform and pay the obligations of the mortgagor
under such mortgage, deed of trust or similar indenture; (D) such
mortgage, deed of trust or similar indenture constitutes a Lien upon
the property described therein subject to no Lien prior thereto except
Liens generally of the character of Permitted Liens (other than the
Lien of another Class A Mortgage); (E) this Indenture constitutes, or,
upon the delivery of, and/or the filing and/or the recording in the
proper places and manner of, the instruments of conveyance, assignment
or transfer, if any, specified in such opinion, will constitute, a
Lien on the property described in such mortgage, deed of trust or
similar indenture which is generally of the character described, and
is located in the States specified, in the Granting Clauses of this
Indenture and which was acquired by the Company from such corporation
by virtue of such merger, consolidation, conveyance or other transfer,
subject to no Lien thereon prior to the Lien of this Indenture except
the Lien of such mortgage, deed of trust or similar indenture and
Permitted Liens; (F) the terms of such mortgage, deed of trust or
similar indenture, as then in effect, do not permit the further
issuance of obligations thereunder except on the basis of property
additions generally of the character of Property Additions, the
retirement or deposit of outstanding obligations, the deposit of prior
Lien obligations or the deposit of cash; (G) either (1) the terms of
such mortgage, deed of trust or similar indenture, as then in effect,
do not permit the further issuance of obligations thereunder upon the
basis of property additions in a principal amount exceeding 70% of the
balance of the Cost or the Fair Value to the Company thereof
(whichever shall be less) after making deductions and additions
similar to those provided for in Section 103, or, if such is not the
case, (2) that the waivers contemplated by clause (ii)(C)(2) above
have been duly made; (H) in the case of a conveyance or other transfer
to the Company of property subject to the Lien of such mortgage, deed
of trust or similar indenture, no Person (other than the Company) has
the right to issue or redeem obligations secured by, or to obtain the
release of property from the Lien of, such mortgage, deed of trust or
similar indenture; and (I) the indenture supplemental hereto referred
to in clause (i) of subsection (b) of this Section complies with the
requirements of said clause (i), and the indenture supplemental to
such mortgage, deed of trust or similar indenture referred to in
clause (ii) of subsection (b) of this Section complies with the
requirements of said clause (ii).
(b) At such time as there shall have been executed and delivered and
properly recorded and filed:
(i) an indenture supplemental hereto (A) in which such mortgage,
deed of trust or similar indenture has been designated as an
additional Class A Mortgage and (B) by which the Company has
specifically imposed the Lien of this Indenture upon
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properties of the character described, and located in the States
specified, in the Granting Clauses of this Indenture which shall have
been acquired by the Company from such corporation by virtue of the
merger, consolidation, conveyance or other transfer (and later
improvements, extensions and additions thereto and renewals and
replacements thereof) and
(ii) an indenture supplemental to such mortgage, deed of trust or
similar indenture by which such mortgage, deed of trust or similar
indenture has been amended to provide that, so long as the Trustee
shall hold any obligations outstanding thereunder which were delivered
to the Trustee as the basis for the authentication and delivery of
Securities which remain Outstanding hereunder, an Event of Default
hereunder shall constitute a matured event of default thereunder;
provided, however, that the waiver or cure of such Event of Default
hereunder and the rescission and annulment of the consequences thereof
shall constitute a cure of the corresponding event of default under
such mortgage, deed of trust or similar indenture and a rescission and
annulment of the consequences thereof,
then such mortgage, deed of trust or similar indenture and all obligations
issued and outstanding thereunder shall for all purposes hereof be treated as a
Class A Mortgage and as Class A Bonds, respectively, to the full and same extent
as if specifically identified in Article One.
SECTION 1707. Discharge of Class A Mortgage.
The Trustee shall surrender for cancellation to the trustee under any
Class A Mortgage all Class A Bonds delivered to and then held by it pursuant to
Sections 1602 and 1701 which were delivered under such Class A Mortgage upon
receipt by the Trustee of:
(a) a Company Order requesting such surrender for cancellation of such
Class A Bonds;
(b) an Officer's Certificate stating that no Event of Default has
occurred and is continuing, and that no Class A Bonds are Outstanding under such
Class A Mortgage other than Class A Bonds delivered to and held by the Trustee
pursuant to Sections 1602 and 1701 and that promptly upon such surrender such
Class A Mortgage will be satisfied and discharged pursuant to the terms thereof;
(c) an Expert's Certificate
(i) describing the property constituting Property Additions
designated by the Company, in its discretion, to be deemed, on and
after the date of such surrender for cancellation and for all purposes
of this Indenture, to be Funded Property, such Property Additions to
have, in the aggregate, a Cost (or as to Property Additions of which
the Fair Value to the Company specified pursuant to subclause (viii)
or clause (d) below is less than the Cost thereof, then such Fair
Value in lieu of Cost) not less than ten-sevenths (10/7) of the
aggregate principal amount of Securities which shall have been
authenticated and delivered under Section 1602 on the basis of Class A
Bonds authenticated and delivered under such Class A Mortgage and
which, at such date, either remain Outstanding or constitute Retired
Securities (such description of property to be made by reference, at
the election of the Company, either to specified items, units and/or
elements of property or portions thereof, on a percentage or Dollar
basis, or to properties
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or portions thereof reflected in specified accounts or subaccounts in
the Company's books of account, on a Dollar basis), and stating the
Cost of such property;
(ii) stating that all such property constitutes Property
Additions;
(iii) stating that such Property Additions are desirable for use
in the conduct of the business, or one of the businesses, of the
Company;
(iv) stating that such Property Additions, to the extent of the
Cost (or as to Property Additions of which the Fair Value to the
Company specified pursuant to subclause (viii) or clause (d) below is
less than the Cost thereof, then such Fair Value in lieu of Cost)
thereof to be deemed to be Funded Property pursuant to this Section,
do not constitute Funded Property other than by virtue of the Lien of
such Class A Mortgage and the operation of this Section;
(v) stating, except as to Property Additions acquired, made or
constructed wholly through the delivery of securities or other
property, that the amount of cash forming all or part of the Cost
thereof was equal to or more than an amount to be stated therein;
(vi) briefly describing, with respect to any Property Additions
acquired, made or constructed in whole or in part through the delivery
of securities or other property, the securities or other property so
delivered and stating the date of such delivery;
(vii) stating what part, if any, of such Property Additions
included property which within six (6) months prior to the date of
acquisition thereof by the Company had been used or operated by others
than the Company in a business similar to that in which it has been or
is to be used or operated by the Company and stating whether or not,
in the judgment of the signers, the Fair Value to the Company thereof,
as of the date of such certificate, is less than Twenty-five Thousand
Dollars ($25,000) and whether or not the Fair Value to the Company
thereof, as of such date, is less than one percent (1%) of the
aggregate principal amount of Securities then Outstanding;
(viii) stating, in the judgment of the signers, the Fair Value to
the Company, as of the date of such certificate, of such Property
Additions, except any thereof with respect to which a statement of the
Fair Value to the Company is to be made in an Independent Expert's
Certificate pursuant to clause (d) below; provided, however, that if
any such Property Additions shall have theretofore been certified to
the trustee under such Class A Mortgage in connection with the
authentication and delivery of Class A Bonds thereunder, the release
of property, the withdrawal of cash or the satisfaction of the
requirements of any sinking, improvement, maintenance, replacement or
similar fund or analogous provision, then there may be stated, in lieu
of the Fair Value to the Company of such Property Additions as of the
date of such certificate, the Fair Value to the Company thereof as so
certified to the trustee under such Class A Mortgage; it being
understood that the Company may make allocations on a pro-rata or
other reasonable basis for purposes of determining whether or not,
and/or the extent to which, any such Property Additions shall have
theretofore been so certified to the trustee under a Class A Mortgage;
and
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(ix) if any property included in such Property Additions is
subject to a Lien of the character described (I) in clause (f) of the
definition of Permitted Liens, stating that such Lien does not, in the
judgment of the signers, materially impair the use by the Company of
the Mortgaged Property considered as a whole, or (II) in clause
(i)(ii) of the definition of Permitted Liens, stating that such Lien
does not, in the judgment of the signers, materially impair the use by
the Company of such property for the purposes for which it is held by
the Company or (III) in clause (p)(ii) of the definition of Permitted
Liens, stating that the enforcement of such Lien would not, in the
judgment of the signers, adversely affect the interests of the Company
in such property in any material respect;
(x) stating the lower of the Cost or the Fair Value to the
Company of such Property Additions, as required to be stated in such
Expert's Certificate pursuant to clauses (i) and (viii) above,
respectively; and
(xi) stating the aggregate principal amount of the Securities
referred to in clause (i) above (such amount not to exceed 70% of the
amount stated pursuant to clause (x) above);
(d) in case any Property Additions are shown by the Expert's
Certificate provided for in clause (c) above to include property which, within
six months prior to the date of acquisition thereof by the Company, had been
used or operated by others than the Company in a business similar to that in
which it has been or is to be used or operated by the Company and such
certificate does not show the Fair Value to the Company thereof, as of the date
of such certificate, to be less than Twenty-five Thousand Dollars ($25,000) or
less than one percent (1%) of the aggregate principal amount of Securities then
Outstanding, an Independent Expert's Certificate stating, in the judgment of the
signer, the Fair Value to the Company, as of the date of such Independent
Expert's Certificate, of (x) such Property Additions which have been so used or
operated and (at the option of the Company) as to any other Property Additions
included in the Expert's Certificate provided for in clause (c) above and (y)
any property so used or operated which has been subjected to the Lien of this
Indenture since the commencement of the then current calendar year as the basis
for the authentication and delivery of Securities and as to which an Independent
Expert's Certificate has not previously been furnished to the Trustee;
(e) in case any Property Additions are shown by the Expert's
Certificate provided for in clause (c) above to have been acquired, made or
constructed in whole or in part through the delivery of securities or other
property, an Expert's Certificate stating, in the judgment of the signers, the
fair market value in cash of such securities or other property at the time of
delivery thereof in payment for or for the acquisition of such Property
Additions;
(f) an Opinion of Counsel to the effect that:
(i) this Indenture constitutes, or, upon (x) the satisfaction and
discharge of such Class A Mortgage and/or (y) the delivery of, and/or
the filing and/or recording in the proper places and manner of, the
instruments of conveyance, assignment or transfer, if any, specified
in said opinion, will constitute, a Lien on all the Property Additions
to be deemed to be Funded Property in accordance with this Section,
subject to no Lien thereon prior to the Lien of this Indenture except
Permitted Liens; and
(ii) the Company has corporate authority to operate such Property
Additions;
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(g) an Opinion of Counsel to the effect that upon satisfaction and
discharge of such Class A Mortgage the Lien of this Indenture on the property
formerly subject to the Lien of such Class A Mortgage, to the extent the same is
part of the Mortgaged Property, will be subject to no Lien prior to the Lien of
this Indenture, except Permitted Liens; and
(h) copies of the instruments of conveyance, assignment and transfer,
if any, specified in the Opinion of Counsel provided for in clause (f) above.
ARTICLE EIGHTEEN
Possession, Use and Release of Mortgaged Property
SECTION 1801. Quiet Enjoyment.
Unless one or more Events of Default shall have occurred and be
continuing, the Company shall be permitted to possess, use and enjoy the
Mortgaged Property (except, to the extent not herein otherwise provided, such
cash and securities as are expressly required to be deposited with the Trustee).
SECTION 1802. Dispositions without Release.
Unless an Event of Default shall have occurred and be continuing, the
Company may at any time and from time to time, without any release or consent
by, or report to, the Trustee:
(a) sell or otherwise dispose of, free from the Lien of this
Indenture, any machinery, equipment, apparatus, towers, transformers, poles,
lines, cables, conduits, ducts, conductors, meters, regulators, holders, tanks,
retorts, purifiers, odorizers, scrubbers, compressors, valves, pumps, mains,
pipes, service pipes, fittings, connections, services, tools, implements, or any
other fixtures or personalty, then subject to the Lien hereof, which shall have
become old, inadequate, obsolete, worn out, unfit, unadapted, unserviceable,
undesirable or unnecessary for use in the operations of the Company upon
replacing the same by, or substituting for the same, similar or analogous
property, or other property performing a similar or analogous function or
otherwise obviating the need therefor, having a Fair Value to the Company at
least equal to that of the property sold or otherwise disposed of and subject to
the Lien hereof, subject to no Liens prior hereto except Permitted Liens and any
other Liens to which the property sold or otherwise disposed of was subject;
(b) cancel or make changes or alterations in or substitutions for any
and all easements, servitudes, rights-of-way and similar rights and/or
interests; and
(c) grant, free from the Lien of this Indenture, easements, ground
leases or rights-of-way in, upon, over and/or across the property or
rights-of-way of the Company for the purpose of roads, pipe lines, transmission
lines, distribution lines, communication lines, railways, removal or
transportation of coal, lignite, gas, oil or other minerals or timber, and other
like purposes, or for the joint or common use of real property, rights-of-way,
facilities and/or equipment; provided, however, that such grant shall not
materially impair the use of the property or rights-of-way for the purposes for
which such property or rights-of-way are held by the Company.
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SECTION 1803. Release of Mortgaged Property.
Unless an Event of Default shall have occurred and be continuing, the
Company may obtain the release of any part of the Mortgaged Property, or any
interest therein, other than Funded Cash held by the Trustee, and the Trustee
shall release all its right, title and interest in and to the same from the Lien
hereof, upon receipt by the Trustee of:
(a) a Company Order requesting the release of such property and
transmitting therewith a form of instrument or instruments to effect such
release;
(b) an Officer's Certificate stating that, to the knowledge of the
signer, no Event of Default has occurred and is continuing;
(c) an Expert's Certificate made and dated not more than ninety (90)
days prior to the date of such Company Order:
(i) describing the property to be released;
(ii) stating the Fair Value, in the judgment of the signers, of
the property to be released;
(iii) stating the Cost of the property to be released (or, if the
Fair Value to the Company of such property at the time the same became
Funded Property was certified to be an amount less than the Cost
thereof, then such Fair Value, as so certified, in lieu of Cost); and
(iv) stating that, in the judgment of the signers, such release
will not impair the security under this Indenture in contravention of
the provisions hereof;
(d) an amount in cash to be held by the Trustee as part of the
Mortgaged Property, equal to the amount, if any, by which the amount referred to
in clause (c)(iii) above exceeds the aggregate of the following items:
(i) an amount equal to the aggregate principal amount of any
obligations secured by Purchase Money Lien delivered to the Trustee,
to be held as part of the Mortgaged Property, subject to the
limitations hereafter in this Section set forth;
(ii) an amount equal to the Cost or Fair Value to the Company
(whichever is less), after making any deductions and any additions
pursuant to Section 103, of any Property Additions not constituting
Funded Property described in an Expert's Certificate, dated not more
than ninety (90) days prior to the date of the Company Order
requesting such release and complying with clause (ii) and, to the
extent applicable, clause (iii) in Section 1603(b), delivered to the
Trustee; provided, however, that the deductions and additions
contemplated by Section 103 shall not be required to be made if such
Property Additions were acquired, made or constructed on or after the
ninetieth (90th) day preceding the date of such Company Order;
(iii) the aggregate principal amount of Securities to the
authentication and delivery of which the Company shall be entitled
under the provisions of Section 1604, by
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virtue of compliance with all applicable provisions of Section 1604
(except as hereinafter in this Section otherwise provided); provided,
however, that such release shall operate as a waiver by the Company of
the right to the authentication and delivery of such Securities and,
to such extent, no such Securities may thereafter be authenticated and
delivered hereunder; and any Securities which could have been the
basis of such right to the authentication and delivery of Securities
so waived shall be deemed to have been made the basis of such release
of property;
(iv) any amount in cash and/or an amount equal to the aggregate
principal amount of any obligations secured by Purchase Money Lien
that, in either case, is evidenced to the Trustee by a certificate of
the trustee or other holder of a Lien prior to the Lien of this
Indenture to have been received by such trustee or other holder in
accordance with the provisions of such Lien in consideration for the
release of such property or any part thereof from such Lien, all
subject to the limitations hereafter in this Section set forth;
(v) the aggregate principal amount of any Outstanding Securities
delivered to the Trustee; and
(vi) any taxes and expenses incidental to any sale, exchange,
dedication or other disposition of the property to be released;
provided, however, that no obligations secured by Purchase Money Lien upon any
property being released from the Lien hereof shall be used as a credit in
connection with such release unless all obligations secured by such Purchase
Money Lien shall be delivered to the Trustee or to the trustee or other holder
of a Lien prior to the Lien of this Indenture;
(e) if the release is on the basis of Property Additions or on the
basis of the right to the authentication and delivery of Securities under
Section 1604, all documents contemplated below in this Section; and
(f) if the release is on the basis of the delivery to the Trustee or
to the trustee or other holder of a prior Lien of obligations secured by
Purchase Money Lien, all documents contemplated below in this Section, to the
extent required.
If and to the extent that the release of property is, in whole or in
part, based upon Property Additions (as permitted under the provisions of clause
(d)(ii) in the first paragraph of this Section), the Company shall, subject to
the provisions of said clause (d)(ii) and except as hereafter in this paragraph
provided, comply with all applicable provisions of this Indenture as if such
Property Additions were to be made the basis of the authentication and delivery
of Securities equal in principal amount to 70% of the Cost (or, as to property
of which the Fair Value to the Company at the time the same became Funded
Property was certified to be an amount less than the Cost thereof, such Fair
Value, as so certified, in lieu of Cost) of that portion of the property to be
released which is to be released on the basis of such Property Additions, as
shown by the Expert's Certificate required by clause (c) in the first paragraph
of this Section; provided, however, that the Cost of any Property Additions
received or to be received by the Company in whole or in part as consideration
in exchange for the property to be released shall for all purposes of this
Indenture be deemed to be the amount stated in the Expert's Certificate provided
for in clause (c) in the first paragraph of this Section to be the Fair Value of
the property to be released (x) plus the amount of any cash and the fair market
value of any other consideration, further to be stated in such
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Expert's Certificate, paid and/or delivered or to be paid and/or delivered by,
and the amount of any obligations assumed or to be assumed by, the Company in
connection with such exchange as additional consideration for such Property
Additions and/or (y) less the amount of any cash and the fair market value of
any other consideration, which shall also be stated in such Expert's
Certificate, received or to be received by the Company in connection with such
exchange in addition to such Property Additions. If and to the extent that the
release of property is in whole or in part based upon the right to the
authentication and delivery of Securities under Section 1604 (as permitted under
the provisions of clause (d)(iii) in the first paragraph of this Section), the
Company shall, except as hereafter in this paragraph provided, comply with all
applicable provisions of Section 1604 relating to such authentication and
delivery. Notwithstanding the foregoing provisions of this paragraph, in no
event shall the Company be required to deliver the documents specified in
Section 303.
If the release of property is, in whole or in part, based upon the
delivery to the Trustee or the trustee or other holder of a Lien prior to the
Lien of this Indenture of obligations secured by Purchase Money Lien, the
Company shall deliver to the Trustee:
(x) an Officer's Certificate (i) stating that no event has occurred
and is continuing which entitles the holder of such Purchase Money Lien to
accelerate the maturity of the obligations, if any, outstanding thereunder and
(ii) reciting the aggregate principal amount of obligations, if any, then
outstanding thereunder in addition to the obligations then being delivered in
connection with the release of such property and the terms and conditions, if
any, on which additional obligations secured by such Purchase Money Lien are
permitted to be issued; and
(y) an Opinion of Counsel stating that, in the opinion of the signer,
(i) such obligations are valid obligations, entitled to the benefit of such
Purchase Money Lien equally and ratably with all other obligations, if any, then
outstanding thereunder, (ii) that such Purchase Money Lien constitutes, or, upon
the delivery of, and/or the filing and/or recording in the proper places and
manner of, the instruments of conveyance, assignment or transfer, if any,
specified in such opinion, will constitute, a Lien upon the property to be
released, subject to no Lien prior thereto except Liens generally of the
character of Permitted Liens and such Liens, if any, as shall have existed
thereon immediately prior to such release as Liens prior to the Lien of this
Indenture, (iii) if any obligations in addition to the obligations being
delivered in connection with such release of property are then outstanding, or
are permitted to be issued, under such Purchase Money Lien, (A) that such
Purchase Money Lien constitutes, or, upon the delivery of, and/or the filing
and/or recording in the proper places and manner of, the instruments of
conveyance, assignment or transfer, if any, specified in such opinion, will
constitute, a Lien upon all other property, if any, purporting to be subject
thereto, subject to no Lien prior thereto except Liens generally of the
character of Permitted Liens and (B) that the terms of such Purchase Money Lien,
as then in effect, do not permit the issuance of obligations thereunder except
on the basis of property generally of the character of Property Additions, the
retirement or deposit of outstanding obligations, the deposit of prior Lien
obligations or the deposit of cash.
If the Opinion of Counsel provided to the Trustee pursuant to clause
(y) above is conditioned upon the filing and/or recording of any instruments of
conveyance, assignment or transfer, the Company shall promptly cause such
instruments to be filed and/or recorded in the proper places and manner and
shall deliver to the Trustee evidence of such filing and/or recording promptly
upon receipt of such evidence by the Company.
If (a) any property to be released from the Lien of this Indenture
under any provision of this Article (other than Section 1807) is subject to a
Lien prior to the Lien hereof and is to be sold,
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exchanged, dedicated or otherwise disposed of subject to such prior Lien and (b)
after such release, such prior Lien will not be a Lien on any property subject
to the Lien hereof, then the Fair Value of such property to be released shall be
deemed, for all purposes of this Indenture, to be the value thereof unencumbered
by such prior Lien less the principal amount of the indebtedness secured by such
prior Lien.
Any Outstanding Securities delivered to the Trustee pursuant to clause
(d) in the first paragraph of this Section shall, upon receipt of a Company
Order, forthwith be canceled by the Trustee. Any cash and/or obligations
deposited with the Trustee pursuant to the provisions of this Section 1803, and
the proceeds of any such obligations, shall be held as part of the Mortgaged
Property and shall be withdrawn, released, used or applied in the manner, to the
extent and for the purposes, and subject to the conditions, provided in Section
1806.
Anything in this Indenture to the contrary notwithstanding, if
property to be released constitutes Funded Property in part only, the Company
shall obtain the release of the part of such property which constitutes Funded
Property under this Section 1803 and obtain the release of the part of such
property which does not constitute Funded Property under Section 1804. In such
event, (a) the application of Property Additions in the release under this
Section 1803 as contemplated in clause (d)(ii) in the first paragraph thereof
shall be taken into account in clause (v) or clause (vi), whichever may be
applicable, of the Expert's Certificate described in clause (c) in Section 1804
and (b) the Trustee shall, at the election of the Company, execute and deliver a
separate instrument of release with respect to the property released under each
of such Sections or a consolidated instrument of release with respect to the
property released under both of such Sections considered as a whole.
SECTION 1804. Release of Property Not Constituting Funded Property.
Unless an Event of Default shall have occurred and be continuing, the
Company may obtain the release of any part of the Mortgaged Property, or any
interest therein, which does not constitute Funded Property, and the Trustee
shall release all its right, title and interest in and to the same from the Lien
hereof, upon receipt by the Trustee of:
(a) a Company Order requesting the release of such property and
transmitting therewith a form of instrument or instruments to effect such
release;
(b) an Officer's Certificate describing the property to be released
and stating that, to the knowledge of the signer, no Event of Default has
occurred and is continuing;
(c) an Expert's Certificate, made and dated not more than ninety (90)
days prior to the date of such Company Order:
(i) describing the property to be released;
(ii) stating the Fair Value, in the judgment of the signers, of
the property to be released;
(iii) stating the Cost of the property to be released;
(iv) stating that the property to be released does not constitute
Funded Property;
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(v) if true, stating either (A) that the aggregate amount of the
Cost or Fair Value to the Company (whichever is less) of all Property
Additions which do not constitute Funded Property (excluding the
property to be released), after making deductions therefrom and
additions thereto of the character contemplated by Section 103, is not
less than zero (0) or (B) that the Cost or Fair Value (whichever is
less) of the property to be released does not exceed the aggregate
Cost or Fair Value to the Company (whichever is less) of Property
Additions acquired, made or constructed on or after the ninetieth
(90th) day prior to the date of the Company Order requesting such
release;
(vi) if neither of the statements contemplated in subclause (v)
above can be made, stating the amount by which zero (0) exceeds the
amount referred to in subclause (v)(A) above (showing in reasonable
detail the calculation thereof); and
(vii) stating that, in the judgment of the signers, such release
will not impair the security under this Indenture in contravention of
the provisions hereof; and
(d) if the Expert's Certificate required by clause (c) above contains
neither of the statements contemplated in subclause (c)(v) above, an amount in
cash, to be held by the Trustee as part of the Mortgaged Property, equal to the
amount, if any, by which the lower of (i) the Cost or Fair Value (whichever
shall be less) of the property to be released and (ii) the amount shown in
subclause (c)(vi) above exceeds the aggregate of items of the character
described in subclauses (iii) and (v) of clause (d) in the first paragraph of
Section 1803 that the Company then elects to use as a credit under this Section
1804 (subject, however, to the same limitations and conditions with respect to
such items as are set forth in Section 1803).
Any Outstanding Securities delivered to the Trustee pursuant to clause
(d) above and its reference to clause (d) of the first paragraph of Section 1803
shall forthwith be canceled by the Trustee.
SECTION 1805. Release of Minor Properties.
Notwithstanding the provisions of Sections 1803 and 1804, unless an
Event of Default shall have occurred and be continuing, the Company may obtain
the release from the Lien hereof of any part of the Mortgaged Property, or any
interest therein, and the Trustee shall whenever from time to time requested by
the Company in a Company Order transmitting therewith a form of instrument or
instruments to effect such release, and without requiring compliance with any of
the provisions of Section 1803 or 1804, release from the Lien hereof all the
right, title and interest of the Trustee in and to the same provided that the
aggregate Fair Value of the property to be so released on any date in a given
calendar year, together with all other property theretofore released pursuant to
this Section 1805 in such calendar year, shall not exceed the greater of (a) Ten
Million Dollars ($10,000,000) and (b) three percent (3%) of the sum of (i) the
aggregate principal amount of Securities then Outstanding and (ii) the aggregate
principal amount of Class A Bonds then Outstanding other than Class A Bonds
delivered to and then held by the Trustee pursuant to Sections 1602 and 1701.
Prior to the granting of any such release, there shall be delivered to the
Trustee (x) an Officer's Certificate stating that, to the knowledge of the
signer, no Event of Default has occurred and is continuing and (y) an Expert's
Certificate stating, in the judgment of the signers, the Fair Value of the
property to be released, the aggregate Fair Value of all other property
theretofore released pursuant to this Section in such calendar year and, as to
Funded Property, the Cost thereof (or, if the Fair Value to the Company of such
property at the time the same became Funded Property was certified to be an
amount less than the Cost thereof, then such Fair Value, as so certified, in
lieu of Cost), and that, in the judgment of the signers, the release thereof
will not impair the security under
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this Indenture in contravention of the provisions hereof. On or before December
31st of each calendar year, the Company shall deposit with the Trustee an amount
in cash equal to the aggregate Cost of the properties constituting Funded
Property so released during such year (or, if the Fair Value to the Company of
any particular property at the time the same became Funded Property was
certified to be an amount less than the Cost thereof, then such Fair Value, as
so certified, in lieu of Cost); provided, however, that no such deposit shall be
required to be made hereunder to the extent that cash or other consideration
shall, as indicated in an Officer's Certificate delivered to the Trustee, have
been deposited with the trustee or other holder of a Class A Mortgage or other
Lien prior to the Lien of this Indenture in accordance with the provisions
thereof; and provided, further, that the amount of cash so required to be
deposited may be reduced, at the election of the Company, by the items specified
in clause (d) in the first paragraph of Section 1803, subject to all of the
limitations and conditions specified in such Section, to the same extent as if
such property were being released pursuant to Section 1803. Any cash deposited
with the Trustee under this Section may thereafter be withdrawn, used or applied
in the manner, to the extent and for the purposes, and subject to the
conditions, provided in Section 1806.
SECTION 1806. Withdrawal or Other Application of Funded Cash; Purchase
Money Obligations.
Subject to the provisions of Section 1605 and Section 1702(a) and
except as hereafter in this Section provided, unless an Event of Default shall
have occurred and be continuing, any Funded Cash held by the Trustee, and any
other cash which is required to be withdrawn, used or applied as provided in
this Section,
(a) may be withdrawn from time to time by the Company to the extent of
an amount equal to the Cost or the Fair Value to the Company (whichever is less)
of Property Additions not constituting Funded Property, after making any
deductions and additions pursuant to Section 103, described in an Expert's
Certificate, dated not more than ninety (90) days prior to the date of the
Company Order requesting such withdrawal and complying with clause (ii) and, to
the extent applicable, clause (iii) in Section 1603(b), delivered to the
Trustee; provided, however, that the deductions and additions contemplated by
Section 103 shall not be required to be made if such Property Additions were
acquired, made or constructed on or after the ninetieth (90th) day preceding the
date of such Company Order;
(b) may be withdrawn from time to time by the Company in an amount
equal to the aggregate principal amount of Securities to the authentication and
delivery of which the Company shall be entitled under the provisions of Section
1604 hereof, by virtue of compliance with all applicable provisions of Section
1604 (except as hereinafter in this Section otherwise provided); provided,
however, that such withdrawal of cash shall operate as a waiver by the Company
of the right to the authentication and delivery of such Securities and, to such
extent, no such Securities may thereafter be authenticated and delivered
hereunder; and any such Securities which were the basis of such right to the
authentication and delivery of Securities so waived shall be deemed to have been
made the basis of such withdrawal of cash;
(c) may be withdrawn from time to time by the Company in an amount
equal to the aggregate principal amount of any Outstanding Securities delivered
to the Trustee;
(d) may, upon the request of the Company, be used by the Trustee for
the purchase of Securities in the manner, at the time or times, in the amount or
amounts, at the price or prices and otherwise as directed or approved by the
Company, all subject to the limitations hereafter in this Section set forth; or
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(e) may, upon the request of the Company, be applied by the Trustee to
the payment (or provision therefor pursuant to Article Eight) at Stated Maturity
of any Securities or to the redemption (or similar provision therefor) of any
Securities which are, by their terms, redeemable, in each case of such series as
may be designated by the Company, any such redemption to be in the manner and as
provided in Article Five, all subject to the limitations hereafter in this
Section set forth.
Such moneys shall, from time to time, be paid or used or applied by
the Trustee, as aforesaid, upon the request of the Company in a Company Order,
and upon receipt by the Trustee of an Officer's Certificate stating that, to the
knowledge of the signer, no Event of Default has occurred and is continuing. If
and to the extent that the withdrawal of cash is based upon Property Additions
(as permitted under the provisions of clause (a) above), the Company shall,
subject to the provisions of said clause (a) and except as hereafter in this
paragraph provided, comply with all applicable provisions of this Indenture as
if such Property Additions were made the basis for the authentication and
delivery of Securities equal in principal amount to the cash so to be withdrawn.
If and to the extent that the withdrawal of cash is based upon the right to the
authentication and delivery of Securities (as permitted under the provisions of
clause (b) above), the Company shall, except as hereafter in this paragraph
provided, comply with all applicable provisions of Section 1604 relating to such
authentication and delivery. Notwithstanding the foregoing provisions of this
paragraph, in no event shall the Company be required to deliver the documents
specified in Section 303.
Notwithstanding the generality of clauses (d) and (e) above, no cash
to be applied pursuant to such clauses shall be applied to the payment of an
amount in excess of the principal amount of any Securities to be purchased, paid
or redeemed except to the extent that the aggregate principal amount of all
Securities theretofore, and of all Securities then to be, purchased, paid or
redeemed pursuant to such clauses is not less than the aggregate cost for
principal of, premium, if any, and accrued interest, if any, on and brokerage
commissions, if any, with respect to, such Securities.
Any Outstanding Securities delivered to the Trustee pursuant to clause
(c) in the first paragraph of this Section shall, upon request by the Company,
forthwith be canceled by the Trustee.
Any obligations secured by Purchase Money Lien delivered to the
Trustee in consideration of the release of property from the Lien of this
Indenture, together with any evidence of such Purchase Money Lien held by the
Trustee, shall be released from the Lien of this Indenture and delivered to or
upon the order of the Company upon payment by the Company to the Trustee of an
amount in cash equal to the aggregate principal amount of such obligations less
the aggregate amount theretofore paid to the Trustee (by the Company, the
obligor or otherwise) in respect of the principal of such obligations.
The principal of and interest on any such obligations secured by
Purchase Money Lien held by the Trustee shall be paid to the Trustee as and when
the same become payable. The interest received by the Trustee on any such
obligations shall be deemed not to constitute Funded Cash and shall be remitted
to the Company; provided, however, that if an Event of Default shall have
occurred and be continuing, such proceeds shall be held as part of the Mortgaged
Property until such Event of Default shall have been cured or waived.
The Trustee shall have and may exercise all the rights and powers of
any owner of such obligations and of all substitutions therefor and, without
limiting the generality of the foregoing, may collect and receive all insurance
moneys payable to it under any of the provisions thereof and apply the same in
accordance with the provisions thereof, may consent to extensions thereof at a
higher or lower
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rate of interest, may join in any plan or plans of voluntary or involuntary
reorganization or readjustment or rearrangement and may accept and hold
hereunder new obligations, stocks or other securities issued in exchange
therefor under any such plan. Any discretionary action which the Trustee may be
entitled to take in connection with any such obligations or substitutions
therefor shall be taken, so long as no Event of Default shall have occurred and
be continuing, in accordance with a Company Order, and, during the continuance
of an Event of Default, in its own discretion.
Anything herein to the contrary notwithstanding, the Company may
irrevocably waive all right to the withdrawal pursuant to this Section of, and
any other rights with respect to, any obligations secured by Purchase Money Lien
held by the Trustee, and the proceeds of any such obligations, by delivery to
the Trustee of a Company Order:
(x) specifying such obligations and stating that the Company thereby
waives all rights to the withdrawal thereof and of the proceeds thereof pursuant
to this Section, and any other rights with respect thereto; and
(y) directing that the principal of such obligations be applied as
provided in clause (e) in the first paragraph of this Section, specifying the
Securities to be paid or redeemed or for the payment or redemption of which
payment is to be made.
Following any such waiver, the interest on any such obligations shall be applied
to the payment of interest, if any, on the Securities to be paid or redeemed or
for the payment or redemption of which provision is to be made, as specified in
the aforesaid Company Order, as and when such interest shall become due from
time to time, and any excess funds remaining from time to time after such
application shall be applied to the payment of interest on any other Securities
as and when the same shall become due. Pending any such application, the
interest on such obligations shall be invested in Investment Securities as shall
be selected by the Company and specified in written instructions delivered to
the Trustee. The principal of any such obligations shall be applied solely to
the payment of principal of the Securities to be paid or redeemed or for the
payment or redemption of which provision is to be made, as specified in the
aforesaid Company Order. Pending such application, the principal of such
obligations shall be invested in Eligible Obligations as shall be selected by
the Company and specified in written instructions delivered to the Trustee. The
obligation of the Company to pay the principal of such Securities when the same
shall become due at maturity, shall be offset and reduced by the amount of the
proceeds of such obligations then held, and to be applied, by the Trustee in
accordance with this paragraph.
SECTION 1807. Release of Property Taken by Eminent Domain, etc.
Should any of the Mortgaged Property, or any interest therein, be
taken by exercise of the power of eminent domain or be sold to an entity
possessing the power of eminent domain under a threat to exercise the same, and
should the Company elect not to obtain the release of such property pursuant to
other provisions of this Article, the Trustee shall, upon request of the Company
evidenced by a Company Order transmitting therewith a form of instrument or
instruments to effect such release, release from the Lien hereof all its right,
title and interest in and to the property so taken or sold (or with respect to
an interest in property, subordinate the Lien hereof to such interest), upon
receiving (a) an Opinion of Counsel to the effect that such property has been
taken by exercise of the power of eminent domain or has been sold to an entity
possessing the power of eminent domain under threat of an exercise of such
power, (b) an Officer's Certificate stating the amount of net proceeds received
or to be received for such property so taken or sold, and the amount so stated
shall be deemed to be the Fair Value of such property for the
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purpose of any notice to the Holders of Securities, (c) if any portion of such
property constitutes Funded Property, an Expert's Certificate stating the Cost
thereof (or, if the Fair Value to the Company of such portion of such property
at the time the same became Funded Property was certified to be an amount less
than the Cost thereof, then such Fair Value, as so certified, in lieu of Cost)
and (d) if any portion of such property constitutes Funded Property, a deposit
by the Company of an amount in cash equal to the Cost or Fair Value stated in
the Expert's Certificate delivered pursuant to clause (c) above; provided,
however, that the amount required to be so deposited shall not exceed the
portion of the net proceeds received or to be received for such property so
taken or sold which is allocable on a pro-rata or other reasonable basis to the
portion of such property constituting Funded Property; and provided, further,
that no such deposit shall be required to be made hereunder if the proceeds of
such taking or sale shall, as indicated in an Officer's Certificate delivered to
the Trustee, have been deposited with the trustee or other holder of a Class A
Mortgage or other Lien prior to the Lien of this Indenture. Any cash deposited
with the Trustee under this Section may thereafter be withdrawn, used or applied
in the manner, to the extent and for the purposes, and subject to the
conditions, provided in Section 1806.
SECTION 1808. Alternative Release Provision.
Anything in this Indenture to the contrary notwithstanding, unless an
Event of Default shall have occurred and be continuing, the Company may obtain
the release of any part of the Mortgaged Property which is subject to the Lien
of a Class A Mortgage, and the Trustee shall release all of its right, title and
interest in and to the same from the Lien of this Indenture, by delivery to the
Trustee of an Officer's Certificate stating that, to the knowledge of the
signer, no Event of Default has occurred and is continuing, an Expert's
Certificate as to the Fair Value of the property to be released and stating
that, in the judgment of the signers, such release will not impair the security
under this Indenture in contravention of the provisions hereof, and a copy of a
release of such part of the Mortgaged Property from the Lien of such Class A
Mortgage executed by the trustee thereunder; provided, however, that this
Section shall not apply with respect to any release of Mortgaged Property from
the Lien of any Class A Mortgage in connection with the discharge of such Class
A Mortgage as contemplated by Section 1707.
SECTION 1809. Disclaimer or Quitclaim.
In case the Company has sold, exchanged, dedicated or otherwise
disposed of, or has agreed or intends to sell, exchange, dedicate or otherwise
dispose of, or a Governmental Authority has ordered the Company to divest itself
of, any Excepted Property or any other property not subject to the Lien hereof,
or the Company desires to disclaim or quitclaim title to property to which the
Company does not purport to have title, the Trustee shall, from time to time,
disclaim or quitclaim such property upon receipt by the Trustee of the
following:
(a) a Company Order requesting such disclaimer or quitclaim and
transmitting therewith a form of instrument to effect such disclaimer or
quitclaim;
(b) an Officer's Certificate describing the property to be disclaimed
or quitclaimed; and
(c) an Opinion of Counsel stating the signer's opinion that such
property is not subject to the Lien hereof or required to be subject thereto by
any of the provisions hereof and complying with the requirements of Section 104
of this Indenture.
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SECTION 1810. Miscellaneous.
(a) The Expert's Certificate as to the Fair Value of property to be
released from the Lien of this Indenture in accordance with any provision of
this Article, and as to the nonimpairment, by reason of such release, of the
security under this Indenture in contravention of the provisions hereof, shall
be made by an Independent Expert if the Fair Value of such property and of all
other property released since the commencement of the then current calendar
year, as set forth in the certificates required by this Indenture, is ten
percent (10%) or more of the aggregate principal amount of the Securities at the
time Outstanding; but such Expert's Certificate shall not be required to be made
by an Independent Expert in the case of any release of property if the Fair
Value thereof, as set forth in the certificates required by this Indenture, is
less than Twenty-five Thousand Dollars ($25,000) or less than one percent (1%)
of the aggregate principal amount of the Securities at the time Outstanding. To
the extent that the Fair Value of any property to be released from the Lien of
this Indenture shall be stated in an Independent Expert's Certificate, such Fair
Value shall not be required to be stated in any other Expert's Certificate
delivered in connection with such release.
(b) No release of property from the Lien of this Indenture effected in
accordance with the provisions, and in compliance with the conditions, set forth
in this Article and in Sections 104 and 105 shall be deemed to impair the
security of this Indenture in contravention of any provision hereof.
(c) If the Mortgaged Property shall be in the possession of a receiver
or trustee, lawfully appointed, the powers hereinbefore conferred upon the
Company with respect to the release of any part of the Mortgaged Property or any
interest therein or the withdrawal of cash may be exercised, with the approval
of the Trustee, by such receiver or trustee, notwithstanding that an Event of
Default may have occurred and be continuing, and any request, certificate,
appointment or approval made or signed by such receiver or trustee for such
purposes shall be as effective as if made by the Company or any of its officers
or appointees in the manner herein provided; and if the Trustee shall be in
possession of the Mortgaged Property under any provision of this Indenture, then
such powers may be exercised by the Trustee in its discretion notwithstanding
that an Event of Default may have occurred and be continuing.
(d) If the Company shall retain any interest in any property released
from the Lien of this Indenture as provided in Section 1803, 1804 or 1805, this
Indenture shall not become or be, or be required to become or be, a Lien upon
such property or such interest therein or any improvements, extensions or
additions to such property or renewals, replacements or substitutions of or for
such property or any part or parts thereof unless the Company shall execute and
deliver to the Trustee an indenture supplemental hereto, in recordable form,
containing a grant, conveyance, transfer and mortgage thereof. As used in this
subsection, the terms "improvements", "extensions" and "additions" shall be
limited as set forth in Section 1201.
(e) Notwithstanding the occurrence and continuance of an Event of
Default, the Trustee, in its discretion, may release from the Lien hereof any
part of the Mortgaged Property or permit the withdrawal of cash, upon compliance
with the other conditions specified in this Article in respect thereof.
(f) No purchaser or grantee of property purporting to have been
released hereunder shall be bound to ascertain the authority of the Trustee to
execute the instrument or instruments of release, or to inquire as to any facts
required by the provisions hereof for the exercise of such authority; nor shall
any purchaser or grantee of any property or rights permitted by this Article to
be sold, granted, exchanged, dedicated or otherwise disposed of, be under
obligation to ascertain or inquire into the authority of the Company to make any
such sale, grant, exchange, dedication or other disposition.
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SECTION 1811. Establishment of the Release Date.
The date upon which the Lien of this Indenture shall be discharged,
canceled, terminated or satisfied (the "Release Date") shall be deemed to occur
for all purposes under this Indenture upon the date chosen by the Company and
specified in a Company Order delivered to the Trustee, which date shall not be
earlier than the date of delivery by the Company to the Trustee of the
following:
(a) A Company Order requesting execution and delivery by the Trustee
of a supplemental indenture and such instruments as the Company may deem
necessary or desirable to discharge, cancel, terminate or satisfy the Lien of
this Indenture;
(b) An Officer's Certificate stating that:
(i) To the knowledge of the signer, no Event of Default has
occurred and is continuing; and
(ii) The aggregate principal amount of all Class A Bonds
outstanding under all Class A Mortgages, other than Class A Bonds held
by the Trustee, does not exceed the greater of 5% of the net book
value of the Electric and Gas Utility Property or 5% of
Capitalization;
(c) Any other documents required by the Trust Indenture Act or by the
terms of any then Outstanding Securities; and
(d) An Opinion of Counsel to the effect that none of the Company's
Electric and Gas Utility Property, other than Excepted Property, is subject to
any Lien other than the Lien of this Indenture and Permitted Liens.
Upon the occurrence of a Release Date, the Trustee shall execute and
deliver to the order of the Company the supplemental indenture and instruments
described above to discharge, cancel, terminate or satisfy the Lien of this
Indenture.
Notwithstanding anything in the Indenture to the contrary, from and
after the Release Date, the obligation of the Company to make any payment with
respect to the principal of and premium, if any and interest on the Class A
Bonds held by the Trustee shall be deemed satisfied and discharged, and such
Class A Bonds shall thereafter have zero fair value. From and after the Release
Date, any conditions to the issuance of Securities that refer or relate to the
Class A Bonds or the Class A Mortgages shall be inapplicable. Upon the
occurrence of a Release Date, the Trustee shall promptly surrender all Class A
Bonds held by it to the Company or to the trustee under the applicable Class A
Mortgage for cancellation.
SECTION 1812. Preservation of Lien.
Until the Release Date, the Company shall maintain and preserve the
Lien of this Indenture so long as any Securities shall remain Outstanding,
subject, however, to the provisions of Article Thirteen and Article Eighteen.
108
SECTION 1813. Maintenance of Properties.
Until the Release Date, the Company shall cause (or, with respect to
property owned in common with others, make reasonable effort to cause) the
Mortgaged Property, considered as a whole, to be maintained and kept in good
condition, repair and working order and shall cause (or, with respect to
property owned in common with others, make reasonable effort to cause) to be
made such repairs, renewals, replacements, betterments and improvements thereof,
as, in the judgment of the Company, may be necessary in order that the operation
of the Mortgaged Property, considered as a whole, may be conducted in accordance
with common industry practice; provided, however, that nothing in this Section
shall prevent the Company from discontinuing, or causing the discontinuance of,
the operation and maintenance of any portion of the Mortgaged Property if such
discontinuance is in the judgment of the Company desirable in the conduct of its
business; and provided, further, that nothing in this Section shall prevent the
Company from selling, transferring or otherwise disposing of, or causing the
sale, transfer or other disposition of, any portion of the Mortgaged Property in
compliance with the other Articles of this Indenture.
SECTION 1814. Payment of Taxes; Discharge of Liens.
Until the Release Date, the Company shall pay all taxes and
assessments and other governmental charges lawfully levied or assessed upon the
Mortgaged Property, or upon any part thereof, or upon the interest of the
Trustee in the Mortgaged Property, before the same shall become delinquent, and
shall observe and conform in all material respects to all valid requirements of
any Governmental Authority relative to the Mortgaged Property and all covenants,
terms and conditions upon or under which any of the Mortgaged Property is held;
and the Company shall not suffer any Lien to be created upon the Mortgaged
Property, or any part thereof, prior to the Lien hereof, other than Permitted
Liens; provided, however, that nothing in this Section contained shall require
the Company (i) to observe or conform to any requirement of Governmental
Authority or to cause to be paid or discharged, or to make provision for, any
such Lien, or to pay any such tax, assessment or governmental charge so long as
the validity thereof shall be contested in good faith and by appropriate legal
proceedings or (ii) to pay, discharge or make provisions for any tax, assessment
or other governmental charge, the validity of which shall not be so contested if
adequate security for the payment of such tax, assessment or other governmental
charge and for any penalties or interest which may reasonably be anticipated
from failure to pay the same shall be given to the Trustee; and provided,
further, that nothing in this Section shall prohibit the issuance or other
incurrence of additional indebtedness, or the refunding of outstanding
indebtedness, secured by any Lien prior to the Lien hereof which is permitted
under this Section to continue to exist.
SECTION 1815. Insurance.
(a) The Company shall (i) keep or cause to be kept all the property
subject to the Lien of this Indenture insured against loss by fire, to the
extent that property of similar character is usually so insured by companies
similarly situated and operating like properties, to a reasonable amount, by
reputable insurance companies, the proceeds of such insurance (except as to any
loss of Excepted Property and except as to any particular loss less than the
greater of (A) Ten Million Dollars ($10,000,000) and (B) three percent (3%) of
the sum of (1) the principal amount of Securities Outstanding on the date of
such particular loss and (2) the principal amount of the Class A Bonds
Outstanding on the date of such particular loss, other than Class A Bonds
delivered to and held by the Trustee pursuant to Sections 1602 and 1701) to be
made payable, subject to applicable law, to the Trustee as the interest of the
Trustee may appear, to the trustee of a Class A Mortgage, or to the trustee or
other holder of any other Lien prior hereto upon property subject to the Lien
hereof, if the terms thereof require such payment or
109
(ii) in lieu of or supplementing such insurance in whole or in part, adopt some
other method or plan of protection against loss by fire at least equal in
protection to the method or plan of protection against loss by fire of companies
similarly situated and operating properties subject to similar fire hazards or
properties on which an equal primary fire insurance rate has been set by
reputable insurance companies; and if the Company shall adopt such other method
or plan of protection, it shall, subject to applicable law (and except as to any
loss of Excepted Property and except as to any particular loss less than the
greater of (X) Ten Million Dollars ($10,000,000) and (Y) three percent (3%) of
the sum of (1) the principal amount of Securities Outstanding on the date of
such particular loss and (2) the principal amount of the Class A Bonds
Outstanding on the date of such particular loss, other than Class A Bonds
delivered to and held by the Trustee pursuant to Sections 1602 and 1701) pay to
the Trustee on account of any loss covered by such method or plan an amount in
cash equal to the amount of such loss less any amounts otherwise paid to the
Trustee in respect of such loss or paid to the trustee under a Class A Mortgage
or to the trustee or other holder of any other Lien prior hereto upon property
subject to the Lien hereof in respect of such loss if the terms thereof require
such payment. Any cash so required to be paid by the Company pursuant to any
such method or plan shall for the purposes of this Indenture be deemed to be
proceeds of insurance. In case of the adoption of such other method or plan of
protection, the Company shall furnish to the Trustee a certificate of an actuary
or other qualified person appointed by the Company with respect to the adequacy
of such method or plan.
Anything herein to the contrary notwithstanding, the Company may have
fire insurance policies with (i) a deductible provision in a dollar amount per
occurrence not exceeding the greater of (A) Ten Million Dollars ($10,000,000)
and (B) three percent (3%) of the sum of (1) the principal amount of the
Securities Outstanding on the date such policy goes into effect and (2) the
principal amount of the Class A Bonds Outstanding on the date such policy goes
into effect, other than Class A Bonds delivered to and held by the Trustee
pursuant to Sections 1602 and 1701, and/or (ii) co-insurance or self insurance
provisions with a dollar amount per occurrence not exceeding thirty percent
(30%) of the loss proceeds otherwise payable; provided, however, that the dollar
amount described in clause (i) above may be exceeded to the extent such dollar
amount per occurrence is below the deductible amount in effect as to fire
insurance (X) on property of similar character insured by companies similarly
situated and operating like property or (Y) on property as to which an equal
primary fire insurance rate has been set by reputable insurance companies.
(b) All moneys paid to the Trustee by the Company in accordance with
this Section or received by the Trustee as proceeds of any insurance, in either
case on account of a loss on or with respect to Funded Property, shall, subject
to the requirements of any Class A Mortgage or other Lien prior hereto upon
property subject to the Lien hereof, be held by the Trustee and, subject as
aforesaid, shall be paid by it to the Company to reimburse the Company for an
equal amount expended or committed for expenditure in the rebuilding, renewal
and/or replacement of or substitution for the property destroyed or damaged,
upon receipt by the Trustee of:
(i) a Company Request requesting such payment,
(ii) an Expert's Certificate:
(A) describing the property so damaged or destroyed;
(B) stating the Cost of such property (or, if the Fair Value
to the Company of such property at the time the same became
Funded Property was certified to be an amount less than the Cost
thereof, then such Fair Value, as so certified, in lieu of Cost)
or, if such damage or destruction shall have affected
110
only a portion of such property, stating the allocable portion of
such Cost or Fair Value;
(C) stating the amounts so expended or committed for
expenditure in the rebuilding, renewal, replacement of and/or
substitution for such property; and
(D) stating the Fair Value to the Company of such property
as rebuilt or renewed or as to be rebuilt or renewed and/or of
the replacement or substituted property, and if
(a) within six months prior to the date of acquisition
thereof by the Company, such property has been used or
operated, by a person or persons other than the Company, in
a business similar to that in which it has been or is to be
used or operated by the Company, and
(b) the Fair Value to the Company of such property as
set forth in such Expert's Certificate is not less than
Twenty-five Thousand Dollars ($25,000) and not less than one
percent (1%) of the aggregate principal amount of the
Securities at the time Outstanding,
the Expert making the statement required by this clause (D) shall
be an Independent Expert, and
(iii) an Opinion of Counsel stating that, in the opinion of
the signer, the property so rebuilt or renewed or to be rebuilt
or renewed, and/or the replacement property, is or will be
subject to the Lien hereof.
Any such moneys not so applied within thirty-six (36) months after its
receipt by the Trustee, or in respect of which notice in writing of intention to
apply the same to the work of rebuilding, renewal, replacement or substitution
then in progress and uncompleted shall not have been given to the Trustee by the
Company within such thirty-six (36) months, or which the Company shall at any
time notify the Trustee is not to be so applied, shall thereafter be withdrawn,
used or applied in the manner, to the extent and for the purposes, and subject
to the conditions, provided in Section 1806; provided, however, that if the
amount of such moneys shall exceed the amount stated pursuant to clause (B) in
the Expert's Certificate referred to above, the amount of such excess shall not
be deemed to be Funded Cash, shall not be subject to Section 1806 and shall be
remitted to or upon the order of the Company upon the withdrawal, use or
application of the balance of such moneys pursuant to Section 1806.
Anything in this Indenture to the contrary notwithstanding, if
property on or with respect to which a loss occurs constitutes Funded Property
in part only, the Company may, at its election, obtain the reimbursement of
insurance proceeds attributable to the part of such property which constitutes
Funded Property under this subsection (b) and obtain the reimbursement of
insurance proceeds attributable to the part of such property which does not
constitute Funded Property under subsection (c) of this Section 1815.
(c) All moneys paid to the Trustee by the Company in accordance with
this Section or received by the Trustee as proceeds of any insurance, in either
case on account of a loss on or with respect to property which does not
constitute Funded Property, shall, subject to the requirements of any Class A
Mortgage or other Lien prior hereto upon property subject to the Lien hereof, be
held by the Trustee and, subject as aforesaid, shall be paid by it to the
Company upon receipt by the Trustee of:
111
(i) a Company Request requesting such payment;
(ii) an Expert's Certificate stating:
(A) that such moneys were paid to or received by the Trustee
on account of a loss on or with respect to property which does
not constitute Funded Property; and
(B) if true, either (I) that the aggregate amount of the
Cost or Fair Value to the Company (whichever is less) of all
Property Additions which do not constitute Funded Property
(excluding, to the extent of such loss, the property on or with
respect to which such loss was incurred), after making deductions
therefrom and additions thereto of the character contemplated by
Section 103, is not less than zero (0) or (II) that the amount of
such loss does not exceed the aggregate Cost or Fair Value to the
Company (whichever is less) of Property Additions acquired, made
or constructed on or after the ninetieth (90th) day prior to the
date of the Company Request requesting such payment; or
(C) if neither of the statements contemplated in subclause
(B) above can be made, the amount by which zero (0) exceeds the
amount referred to in subclause (B)(I) above (showing in
reasonable detail the calculation thereof); and
(iii) if the Expert's Certificate required by clause (ii) above
contains neither of the statements contemplated in clause (ii)(B)
above, an amount in cash, to be held by the Trustee as part of the
Mortgaged Property, equal to the amount shown in clause (ii)(C) above.
To the extent that the Company shall be entitled to withdraw proceeds
of insurance pursuant to this subsection (c), such proceeds shall be deemed not
to constitute Funded Cash.
(d) Whenever under the provisions of this Section the Company is
required to deliver moneys to the Trustee and at the same time shall have
satisfied the conditions set forth herein for payment of moneys by the Trustee
to the Company, there shall be paid to or retained by the Trustee or paid to the
Company, as the case may be, only the net amount.
(e) Upon the occurrence of the Release Date, this Section shall cease
to be in effect and the Trustee shall promptly return to the Company all moneys
held by the Trustee pursuant to this Section.
SECTION 1816. Recording, Filing, etc.
Until the Release Date, the Company shall cause this Indenture and all
indentures and instruments supplemental hereto (or notices, memoranda or
financing statements as may be recorded or filed to place third parties on
notice thereof) to be promptly recorded and filed and re-recorded and re-filed
in such manner and in such places, as may be required by law in order fully to
preserve and protect the security of the Holders of the Securities and all
rights of the Trustee, and shall furnish to the Trustee:
(a) promptly after the execution and delivery of this Indenture and of
each supplemental indenture, an Opinion of Counsel either stating that in the
opinion of such counsel this Indenture or such supplemental indenture (or any
other instrument, resolution, certificate, notice, memorandum or financing
statement in connection therewith) has been properly recorded and filed, so as
to make effective the Lien intended to be created hereby or thereby, and
reciting the details of such action, or stating that in the
112
opinion of such counsel no such action is necessary to make such Lien effective.
The Company shall be deemed to be in compliance with this subsection (a) if (i)
the Opinion of Counsel herein required to be delivered to the Trustee shall
state that this Indenture or such supplemental indenture (or any other
instrument, resolution, certificate notice, memorandum or financing statement in
connection therewith) has been received for record or filing in each
jurisdiction in which it is required to be recorded or filed and that, in the
opinion of such counsel (if such is the case), such receipt for record or filing
makes effective the Lien intended to be created by this Indenture or such
supplemental indenture, and (ii) such opinion is delivered to the Trustee within
such time, following the Execution Date or such supplemental indenture, as shall
be practicable having due regard to the number and distance of the jurisdictions
in which this Indenture or such supplemental indenture (or such other
instrument, resolution, certificate, notice, memorandum or financing statement
in connection therewith) is required to be recorded or filed; and
(b) on or before December 1 of each year, beginning December 1, 2004,
an Opinion of Counsel stating either (i) that in the opinion of such counsel
such action has been taken, since the date of the most recent Opinion of Counsel
furnished pursuant to this subsection (b) or the first Opinion of Counsel
furnished pursuant to subsection (a) of this Section, with respect to the
recording, filing, re-recording, and re-filing of this Indenture and of each
indenture supplemental to this Indenture (or any other instrument, resolution,
certificate, notice, memorandum or financing statement in connection therewith),
as is necessary to maintain the effectiveness of the Lien hereof, and reciting
such action, or (ii) that in the opinion of such counsel no such action is
necessary to maintain the effectiveness of such Lien.
Until the Release Date, the Company shall execute and deliver such
supplemental indenture or indentures and such further instruments and do such
further acts as may be necessary or proper to carry out the purposes of this
Indenture and to make subject to the Lien hereof any property hereafter
acquired, made or constructed and intended to be subject to the Lien hereof, and
to transfer to any new trustee or trustees or co-trustee or co-trustees, the
estate, powers, instruments or funds held in trust hereunder.
-------------------------
This instrument may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument.
113
IN WITNESS WHEREOF, the parties hereto have caused this Indenture to
be duly executed, and their respective corporate seals to be hereunto affixed
and attested, all as of the day and year first above written.
MDU RESOURCES GROUP, INC.
By: /s/ Warren L. Robinson
-------------------------------------
Executive Vice President, Treasurer
and Chief Financial Officer
And: /s/ Douglass A. Mahowald
-------------------------------------
Assistant Treasurer and Assistant
Secretary
[SEAL]
ATTEST:
Executed by MDU Resources
Group, Inc., in the presence of:
/s/ Mary Weigel Davison
- ------------------------
/s/ Tom K. Hopgood
- ------------------------
114
THE BANK OF NEW YORK,
as Trustee
By: /s/ Barbara Bevelaqua
-------------------------------------
Barbara Bevelaqua
Vice President
And: /s/ Patricia Gallagher
-------------------------------------
Patricia Gallagher
Vice President
ATTEST:
Executed by the Bank of New York,
as Trustee, in the presence of:
/s/ Beata Hryniewicka
- ------------------------
Beata Hryniewicka
Assistant Treasurer
/s/ Remo Reale
- ------------------------
Remo Reale
Vice President
115
STATE OF NORTH DAKOTA)
) SS.:
COUNTY OF BURLEIGH )
On this 19th day of December, 2003, before me, a Notary Public within
and for said County, personally appeared WARREN L. ROBINSON and DOUGLASS A
MAHOWALD, to me personally known to be respectively an Executive Vice President
and an Assistant Secretary of MDU RESOURCES GROUP, INC. the corporation which
executed the within instrument, and who, being each by me duly sworn, did say
that they reside respectively at 1533 Galleon Place, Bismarck, ND 58504 and 1410
Territory Drive, Bismarck, ND 58503; that they are respectively an Executive
Vice President and an Assistant Secretary of MDU RESOURCES GROUP, INC., the
corporation named in the foregoing instrument; that the seal affixed to said
instrument is the corporate seal of said corporation; that said instrument was
signed and sealed in behalf of said corporation by authority of its Board of
Directors; and said WARREN L. ROBINSON and DOUGLASS A MAHOWALD acknowledged to
me said instrument to be the free act and deed of said corporation, and that
said corporation executed the same.
/s/ Bonnie Thompson
---------------------------------
Bonnie Thompson, Notary Public
State of North Dakota
Commission Expires: July 26, 2007
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK)
On this 23rd day of December, 2003, before me, a notary public, the
undersigned officer, personally appeared Barbara Bevelaqua and Patricia
Gallagher, who each acknowledged himself/herself to be a Vice President of THE
BANK OF NEW YORK, a New York banking corporation and that she, as such officer,
respectively, being authorized to do so, executed the foregoing instrument for
the purposes therein contained, by signing the name of the corporation by
himself/herself as such officer.
In witness whereof, I hereunto set my hand and official seal.
/s/ William J. Cassels
---------------------------------------
(Notary Public)
(Stamp)
William J. Cassels
Notary Public, State of New York
No. 01CA5027729
Qualified in Bronx County
Commission Expires May 18, 2006
117
Exhibit A
MODIFICATIONS OF CLASS A MORTGAGES
Any amendments or modifications to the Class A Mortgage of
substantially the same tenor and effect as follows:
(1) to modify any Class A Mortgage to allow the Company to issue Class A
Bonds up to 70% of the lower of (a) the Fair Value to the Company of
the property subject to the Lien of that Class A Mortgage as of a
valuation date specified by the Company and (b) the Cost of that
property as of the valuation date;
(2) to make the following amendments to the Mortgage: (a) in section
3.04(a)(4), change the words "the last day of the calendar month" with
the words "90 calendar days" and, (b) in Section 3.04(a)(2), delete
the first sentence in the second paragraph;
(3) to delete the net earnings test for the issuance of Class A Bonds and
all references to it in any Class A Mortgage;
(4) to amend any Class A Mortgage so the Company may pay dividends and
distributions to its common stockholders and repurchase its common
stock so long as its shareholders' equity is positive;
(5) to amend any Class A Mortgage to permit an entity acquiring a
substantial portion of the property subject to the lien of that Class
A Mortgage to assume a prorata share of the outstanding Class A Bonds
issued under that Class A Mortgage based upon the net book value of
that property acquired by that entity and to release the Company and
its properties from any obligations or liens under that Class A
Mortgage with respect to those assumed Class A Bonds, provided that
the assumed Class A Bonds will be secured by a first lien on that
acquired property to substantially the same extent and upon
substantially the same terms as provided in that Class A Mortgage
except for the substitution of the acquiring entity for the Company.
A-1
Exhibit B
Description of Real Property that is Mortgaged Property as of the Execution Date
All fixed electricity generation, transmission and distribution, and
natural gas distribution, properties owned by the MDU Resources Group, Inc.
immediately prior to July 1, 2000, together with improvements, extensions and
additions to, and renewals, replacements and substitutions of or for, any part
or parts of these properties, other than Excepted Property (as defined in the
Indenture); and
All real property owned by MDU Resources Group, Inc., on the Execution
Date (as defined in the Indenture) in the respective counties in the States of
Montana, North Dakota, South Dakota and Wyoming hereinafter specified, including
but not limited to the real property specifically described on the referenced
exhibits hereto, other than Excepted Property (as defined in the Indenture):
B-1
BIG HORN COUNTY, MONTANA
Item 45101. Hardin Gas Regulator Station
Beginning at the Southeast corner of Lot One (1) in Block Five
(5) of the Highland Park Addition to the City of Hardin, Big Horn
County, Montana thence West Twelve (12) feet, thence North Twelve
(12) feet, thence East Twelve (12) feet, thence South Twelve (12)
feet to the point of beginning.
Item 45102. Hardin Office and Regulator Station
Lot Six of Block Two of the Original Town (now City) of Hardin,
Montana according to the recorded plat thereof.
ADAMS COUNTY, NORTH DAKOTA
Item 45214. Bucyrus Substation
A tract of land in the Southwest Quarter (SW1/4) of Section
Twenty-three (23), Township One Hundred-thirty North (130N),
Range Ninety-seven West (97W) of the Fifth Principal Meridian all
located in Adams County, North Dakota, described as follows,
to-wit:
Commencing at the Northwest Corner of said Section Twenty-three
(23); thence South along the section line 3375.04 feet to a
point; thence 52(Degree)20' to the left a distance of 1130.67
feet to the true point of beginning of said tract; thence
89(Degree) 35' to the right 73.10 feet to a point which is 100'
North of Center Line of US Highway 12; thence 87(Degree)47' to
the left 50.20 feet along a line which is 100 feet North of the
Highway Center Line to a point; thence 92(Degree)23' to the left
74.8 feet to a point; thence 89(Degree)25' to the left 50.0 feet
to the point of beginning; said tract contains .085 acre, more or
less.
Item 45215. Hettinger Electric Substation
A tract of land lying in the Southwest Quarter of the Southwest
Quarter (SW1/4SW1/4) of Section Thirty-one (31), Township One
Hundred Thirty (130) North, Range Ninety-five (95) West of the
Fifth Principal Meridian, the boundaries of which are described
as follows:
Beginning at the southwest corner of said Section 31, and thence
North along the section line a distance of 746.74 feet,
thence at right angles East a distance of 700.0 feet, thence
South 746.74 feet to the south line of said Section 31, and
thence West along the section line a distance of 700 feet to the
point of beginning, containing 12.0 acres, more or less.
Item 45216. Hettinger Radio Tower
A tract or parcel of land lying in the northwest quarter (NW1/4)
of Section 18, Township 129, North, Range 95 West of the Fifth
P.M., Adams County, North Dakota, the boundaries of which may be
described as follows:
Beginning at a point 2,106.4 feet east of, and 604.3 feet south
of the northwest corner of said Section 18, and thence South 400
feet, thence East 400.0 feet, thence North 400.0 feet, thence
West 400.0 feet, to the point of beginning, together with a strip
of land or a lane for access to the tract described above, said
strip being described as follows, to-wit:
Beginning at a point 2,025.0 feet east of, and 100.0 feet south
of the northwest corner of said Section 18, and thence on a
bearing of South 19(Degree)47' East on the center line of a
thirty (30') foot strip a distance of 536.0 feet to the north
boundary of the tract or parcel heretofore described at a point
100.0 feet east of the northwest corner thereof.
The tract or parcel of land described herein including the access
strip is 4.04 acres, more or less, according to the survey
thereof; Less:
All right of access, being the right of ingress to and egress
from the east 30.0 ft. of the west 2040.0 ft. of the NW1/4 of
Sec. 18, Twp. 129 N., Rge. 95 W., 5th P.M., to and from the
highway right of way, except that the abutting owner shall
reserve the right of access 30 feet wide centered at one point,
the location of said point to be designated by the State Highway
Commissioner as shown on the right of way plat.
Item 45217. Hettinger Substation
A tract of land lying in the Southwest Quarter (SW1/4) of Section
Seven (7), Township One Hundred Twenty-nine (129) North, Range
Ninety-five (95) West of the Fifth Principal Meridian, within the
following-described boundaries:
Beginning at a point 457.0 feet North and 75.0 feet East of the
southwest corner of said Section 7; thence North along a line
parallel to and 75 feet East of the West line of the SW1/4 of
said Section 7, a distance of 150.0 feet; thence East a distance
of 150.0 feet; thence South a distance of 150.0 feet; thence West
a distance of 150.0 feet to the point of beginning. The above
described tract of land contains 0.52 acre, more or less.
Item 45218. Hettinger 115KV Substation Addition
Commencing on the South line, 700 feet East of the Southwest
corner of the Southwest Quarter (SW1/4) of Section Thirty-one
(31), Township One Hundred Thirty (130) North, Range Ninety-five
(95) West; thence North 746.74 feet; thence East 200 feet; thence
South 746.74 feet; thence West 200 feet to the point of
beginning. This tract contains 3.4 acres more or less.
Item 45219. North Hettinger Substation
A tract of land starting Sixty-two and Five Tenths (62.5) feet
South of the Northeast Corner of the Southwest Quarter (SW1/4) of
Section Twelve (12), Township One Hundred Twenty-nine (129)
North, Range Ninety-six (96) West of the Fifth Principal
Meridian; thence due South One Hundred Thirty-two (132) feet;
thence due West One Hundred (100) feet, thence due North One
Hundred Thirty-two (132) feet; thence due East One Hundred (100)
feet to the point of beginning.
Item 45221. H.L. 126.010 Right-of-Way
A tract of land located in the Northwest Quarter (NW1/4) of
Section Six (6), Township One Hundred Twenty-nine (129) North,
Range Ninety-five (95) West, more particularly described as
follows, to-wit:
Commencing at the Northwest Corner of the Northwest Quarter
(NW1/4) of said Section Six (6), thence East a distance of 900
feet; thence South a distance of 300 feet; thence West a distance
of 900 feet; thence North a distance of 300 feet to the point of
beginning.
Item 45222. Reeder Electric Substation
A plot of land lying in the Southwest Quarter of the Northeast
Quarter (SW1/4NE1/4) of Section Four (4), Township One Hundred
Thirty (130) North, Range Ninety-eight (98) West, of the 5th
P.M., Adams County, North Dakota, and further described as
follows:
Commencing at the East 1/4 corner of said Section Four (4),
Township 130 North, Range 98 West, thence due West along the 1/4
Section line a distance of 1821 feet to a point, thence due North
a distance of 333.6 feet to a point, thence West at an angle S
89(Degree) 47' W a distance of 133 feet to the point of
beginning, thence along the line a distance of 100 feet, thence
North at an angle of 90(Degree) a distance of 75 feet, thence
East at an angle of 90(Degree) a distance of 100 feet, thence
South at an angle of 90(Degree) a distance of 75 feet to the
point of beginning. Said tract contains .173 acres.
BARNES COUNTY, NORTH DAKOTA
Item 45223. Valley City Office
The South One Hundred Twenty (S120) Feet of Lots Three (3), Four
(4), Five (5), Six (6), Seven (7), Eight (8) and Nine (9),
excepting the Northern Pacific Railway Company's Right of Way
across said Lots Three (3), Four (4) and Five (5), all in Block
Sixteen (16) of the Original Townsite of the City of Valley City,
according to the plat thereof on file and of record in the office
of the Register of Deeds in and for said Barnes County, North
Dakota.
The North Ten (N10) Feet of Lots Three (3), Four (4), Five (5),
Six (6), Seven (7), Eight (8) and Nine (9), in Block Sixteen (16)
of the Original Townsite of the City of Valley City, according to
the plat thereof on file and of record in the office of the
Register of Deeds in and for said Barnes County, North Dakota.
Lot Ten (10), in Block Sixteen (16), of the original Plat of the
City of Valley City, North Dakota, according to the certified
plat thereof, on file and of record in the office of the Register
of Deeds in and for Barnes County, North Dakota.
Item 45224. Valley City Gas Regulator Station
South 20 feet of the East 20 feet of Lot 36, Block 3, Andrus &
Sifton's Addition to Valley City, Barnes County, North Dakota.
BOWMAN COUNTY, NORTH DAKOTA
Item 45227. Bowman Electric Substation
A parcel of land situated in the Southwest Quarter of the
Northwest Quarter (SW1/4NW1/4) of Section Twelve (12), Township
One Hundred Thirty One (131) North, Range One Hundred Two (102)
West of the Fifth Principal Meridian, being more particularly
described as follows:
Commencing at the Southwest Corner of the Northwest Quarter
(NW1/4) of said Section Twelve (12), thence along the south line
of the Northwest Quarter (NW1/4) of said Section Twelve (12) a
distance of 435.6 feet to THE TRUE POINT OF BEGINNING: The
continuing along the south line of the Northwest Quarter (NW1/4)
a distance of Fifty (50) feet; thence at right angles north and
parallel with the west section line a distance of Fifty (50)
feet; thence at right angles west and parallel with the north
Section line a distance of Fifty (50) feet; thence at right
angles south and parallel with the west Section line a distance
of Fifty (50) feet, back to the true point of beginning. Said
parcel of land being 50 feet by 50 feet in dimensions.
Item 45228. Bowman Electric Substation
A parcel of land lying in the Southwest Quarter of the Northwest
Quarter (SW1/4NW1/4) of Section Twelve (12), Township One Hundred
Thirty-One (131) North, Range One Hundred Two (102) West of the
Fifth Principal Meridian, Bowman County, North Dakota, and being
more particularly described as follows:
Commencing at the southwest corner of the southwest quarter of
the northwest quarter of said Section 12; thence east along the
south line of the northwest quarter of said Section 12, a
distance of 485.6 feet to the TRUE POINT OF BEGINNING; Thence
continuing east on the south line of the northwest quarter a
distance of 100 feet; thence at right angles north and parallel
to the west section line a distance of 50 feet; thence at right
angles west parallel to the north section line a distance of 100
feet; thence at right angles and south parallel to the west
section line a distance of 50 feet, back to the true point of
beginning, being a parcel of land 50 feet by 100 feet in
dimensions.
Item 45229. Bowman Storage Yard
The West Fifty-eight Feet (W.58') of Lot Five (5) in Block
Fifty-six (56) of the Twin Butte Addition to the City of Bowman.
Item 45230. Bowman Substation Addition
A parcel of land situated in the Southwest Quarter of the
Northwest Quarter (SW/4NW/4) of Section Twelve (12), Township One
Hundred Thirty-One (131) North, Range One Hundred Two (102) West
of the Fifth Principal Meridian, being more particularly
described as follows: Commencing at the Southwest Corner of the
NW/4 of said Section 12, thence along the south line of the NW/4
of said Section 12, a distance of 425.6 feet to the True Point of
Beginning; then continuing along the south line of the NW/4 a
distance of 10 feet; thence at right angles north and parallel
with the west section line a distance of 50 feet; thence at right
angles west and parallel with the north section line a distance
of 10 feet; thence at right angles south and parallel with the
west section line a distance of 50 feet, back to the True Point
of beginning; said parcel of land being 10 feet by 50 feet in
dimension.
Item 45231. Bowman West Substation Site
A tract or a parcel of land in the Southeast Quarter of the
Northeast Quarter (SE1/4NE1/4) of Section Ten (10), Township One
Hundred Thirty-One (131) North, Range One Hundred Two (102) West,
more particularly described as follows, to wit: Beginning at a
point on the East Quarter line of said NE1/4and where the South
right-of-way line of the C.M. & S.P. Railway Co. intercept,
thence in a Northwesterly direction along the South right-of-way
line of the C.M. & S.P. Railway Co. a distance of 33 feet to the
true point of beginning, thence due South a distance of 100 feet,
thence due West a distance of 100 feet, thence due North to a
point on the South right-of-way line of the C.M. & S.P. Railway
Co., thence in a Southeasterly direction along the South
right-of-way line of the C.M. S.P. Railway Co. to the point of
beginning.
Item 49107. Bowman Northeast Substation
A tract of land located in the SW1/4NW1/4 of Section 12, T131N,
R102W, Bowman County, North Dakota, more particularly described
as follows:
Beginning at the Southwest corner of the Northwest Quarter of
Section 12; thence N 89(Degree) 48' 21" E along the South side of
said Northwest Quarter a distance of 425.60 feet; thence N
00(Degree)03'05" W parallel to the West side of said Northwest
Quarter a distance of 50.00 feet; thence N 89(Degree) 48' 21" E
parallel to the South side of said Northwest Quarter a distance
of 10.00 feet to a pin, this being the Point of Beginning; thence
N 00(Degree)03'05" W parallel to the West side of said Northwest
Quarter a distance of 50.00 feet to a pin; thence N 89(Degree)
48' 21" E parallel to the South side of said Northwest Quarter a
distance of 150.00 feet to a pin; thence S 00(Degree)03'05" E
parallel to the West side of said Northwest Quarter a distance of
50.00 feet to a pin; thence S 89(Degree) 48' 21" E parallel to
the South side of said Northwest Quarter a distance of 150.00
feet to the Point of Beginning.
Said tract contains 0.17 acres, more or less.
Item 45232. Gascoyne Substation Site
A tract of land being located in the Southwest Quarter (SW1/4) of
Section Thirty-six (36), Township One Hundred Thirty-one (131)
North, Range Ninety-nine (99) West of the Fifth Principal
Meridian, Bowman County, North Dakota, further described as
follows:
Starting at a point which is 120 feet north of and 33 feet east
of the southwest corner of the Southwest Quarter of said Section
36, which is the True Point of Beginning; thence north parallel
with the west section line a distance of 660 feet to a point;
thence east parallel with the south section line a distance of
660 feet to a point; thence south parallel with the west section
line a distance of 660 feet to a point, said point being on the
north right-of-way line of the U.S. Highway #12; thence west
along the north right-of-way line of U.S. Highway #12 660 feet to
the point of beginning. Said tract of land contains 10 acres more
or less.
Item 45233. Gascoyne Knife River Dragline Substation
A tract of land located in the Northwest Quarter (NW1/4) of
Section Twenty-seven (27), Township One Hundred Thirty-one (131)
North, Range Ninety-nine (99) West, more particularly described
as follows:
Beginning at a point one thousand two hundred thirty-two and
fifteen hundredths feet (1,232.15') east and thirty-three and
zero hundredths feet (33.00') south of the northwest corner of
said Section Twenty-seven (27); then on a bearing south zero
degrees five minutes east (SO(Degree)05'E) a distance of one
hundred fifty feet (150'); then on a bearing north eighty-nine
degrees fifty-five minutes east (N89(Degree)55'E) a distance of
one hundred feet (100'); then on a bearing north zero degrees
five minutes west (N0(Degree)05'W) a distance of one hundred
fifty feet (150') to a point intersecting the south county road
right-of-way line along the north side of Section Twenty-seven
(27); then on a bearing south eighty-nine degrees fifty-five
minutes west (S89(Degree)55'W) a distance of one hundred feet
(100') along said right-of-way line to the point of beginning.
Said tract contains thirty-five hundredths (.35) acres more or
less.
Item 45234. Rhame Electric Substation
A tract of land lying in the Northeast Quarter of the Northeast
Quarter (NE1/4NE1/4) of Section Twenty Seven (27), Township One
Hundred Thirty-Two (132) North, Range One Hundred Four (104) West
of the Fifth Principal Meridian, described as follows:
Beginning at a point in the Northeast Quarter of the Northeast
Quarter (NE1/4NE1/4) of said Section Twenty Seven (27), that is
737.6 Feet West and 33.0 feet South of the Northeast Corner of
said Section Twenty Seven (27), being on the Southwest
Right-of-Way Line of U.S. Highway No. 12; thence South 47(Degree)
03' East along the Highway Right-of-Way Line, 381.9 feet; thence
South 42(Degree) 57' West 100 feet; thence North 47(Degree) 03'
West 489.3 feet; thence East parallel to and thirty three (33)
feet South of the North Boundary Line of said Section
Twenty-Seven (27) for a distance of 146.8 feet to the point of
beginning. Tract contains one (1) acre, more or less, according
to the plat thereof, as recorded in Book 19 of Miscellaneous on
Page 107 as Document No. 80454.
Item 45235. Scranton Substation Site
Lots 38 and 40 of Chicago, Milwaukee and St. Paul Station Plat,
City of Scranton, more particularly described as a tract of land
lying in the NE1/4NE1/4NE1/4 of Section 26, Township 131 North,
Range 100 West of the Fifth Principal Meridian, to-wit:
Beginning at the northeast corner of said Section 26; thence on a
bearing of S. 89(Degree)58' W., 294.3 feet to the westerly
right
-of-way line of a railroad side track; thence S. 26(Degree)55'
W., 441.8 feet; thence S. 63(Degree)05' E., 50.0 feet to an iron
pin set and the true point of beginning; thence N. 26(Degree)55'
E., 20.7 feet to the northwest corner of said Lot 38 of said
Railroad property; thence S. 63(Degree)05' E., 107.6 feet to an
iron pin set; thence S. 26(Degree)55' W., 20.7 feet to an iron
pin set; thence continuing S. 26(Degree)55' W., 71.6 feet to an
iron pin set; thence N. 69(Degree)25'38" W., 112.05 feet to an
iron pin set; thence northeasterly on a Long Chord bearing of N.
30(Degree)05'19" E., 59.38 feet to the point of beginning. Tract
contains 0.22 acres according to the above description.
BURKE COUNTY, NORTH DAKOTA
Item 45236. Battleview Electric Substation
A tract of land in the Northwest Quarter of the Northwest Quarter
(NW1/4NW1/4) of Section Twenty-eight (28), Township 159 North,
Range 94 West of the Fifth Principal Meridian, more particularly
described as follows:
Beginning at a point 145.75 feet south and 33 feet east of the
northwest corner of Section 28, Township 159 North, Range 94
West, said point being on the south highway right-of-way boundary
of State Highway #50; thence south and parallel to the west line
of said Section 28 a distance of 50 feet; thence east and
parallel to the north line of said Section, a distance of 150
feet; thence north a distance of 50.1 feet to a point on the said
south highway right-of-way boundary; thence westerly along the
said south highway right-of-way a distance of 150 feet, more or
less, to the point of beginning. Said tract containing 0.17
acres, more or less.
Item 45237. Bowbells Substation
Outlot 46 of the City of Bowbells according to the plat filed and
recorded in the office of the Burke County Register of Deeds;
Less: A tract of land located in Outlot #46 of the City of
Bowbells, being in the Southeast Quarter of the Southeast Quarter
(SE1/4SE1/4) of Section 32, Township 162 North, Range 89 West,
said tract more fully described as follows:
Said tract of land being 32 feet wide, with the East boundary
line being a distance of 132 feet West of and parallel with the
East line of said Section 32, the West boundary line of said
tract being a distance of 164 feet West of and parallel with said
East line of Section 32, the North boundary line of said tract
being the North boundary of Outlot #46, and the South boundary
line of said tract being the South boundary of Outlot #46.
Item 49108. Larson Distribution Substation
Outlot 2, being a tract of land being part of the property
described in Warranty Deed Document #144244, Book 89, Page 221,
filed at the Burke County Register of Deeds Office, Bowbells,
North Dakota, and located in the Northeast
1/4 of Section 3, Township 162 North, Range 94 West of the Fifth
Principal Meridian, Burke County, North Dakota, described as
follows:
Having a basis of Azimuth measured clockwise from Northerly AZ
89(Degree)59'00" from R.O.W. Monument "A" to R.O.W. Monument "B"
as shown herein.
More particularly described as beginning at a point on the South
right of way line of State Highway #5 and on the North deed line
of the property as described in said Doc. #144244, said point
being AZ 266(Degree)53'24" at a distance of 1106.02 ft. from the
Northeast corner of said Section 3, said point of beginning being
a set #5 rebar with aluminum cap and being the Northeast corner
of this survey; thence, AZ 179(Degree)59'00" at a distance of
100.00 ft. to a set #5 rebar with aluminum cap, the Southeast
corner of this survey; thence AZ 269(Degree)59'00" at a distance
of 161.42 ft. to a point on the West deed line of the property
described in said Doc. #144244, and also being on the East 33.00
ft. R.O.W. line of County Road #1, being the Main Street of
Larson, N.D., and said point being, a set #5 rebar with aluminum
cap, the Southwest corner of this survey; thence, AZ
6(Degree)29'47" along the West deed line of the property as
described in said Doc. #144244 a distance of 100.65 ft. to set #5
rebar with aluminum cap, the Northwest corner of this survey;
thence, AZ 89(Degree)59'00" along the North deed line of the
property as described in said Doc. #144244 with said line being
the South R.O.W. line of said highway #5, a distance of 150.00
ft. to the point of beginning. Containing 0.36 acres more or
less.
Item 45238. Columbus Electric Substation
A tract of land situated in the Northeast Quarter of the
Southwest Quarter (NE1/4SW1/4) of Section Thirty-two (32),
Township One Hundred Sixty-three (163) North, Range Ninety-three
(93) West, more particularly described as follows:
Beginning at a point 1481.8 feet east and 200 feet south of the
Northwest corner of the SW1/4 of Section 32-163N-93W; thence
south a distance of 50 feet; thence east a distance of 120 feet;
thence north a distance of 50 feet; thence west a distance of 120
feet along the Minneapolis, St. Paul and Saulte Ste. Marie
Railway Company railroad right of way to the point of beginning.
Item 45239. Flaxton Substation
A tract of land in the Northwest Quarter of the Northwest Quarter
(NW1/4NW1/4) of Section Five (5), Township One Hundred Sixty-two
(162) North, Range Ninety (90) West of the Fifth Principal
Meridian, more particularly described as follows:
Beginning at a point which is 75 feet east and 100 feet south of
the northwest corner of said Section 5, which point is the True
Point of Beginning, thence south, parallel with the west line of
said Section, a distance of 100 feet, thence east, parallel with
the north line, a distance of 50 feet, thence north 100 feet,
thence west 50 feet to the point of beginning.
Item 45240. Lignite Electric Substation
A tract of land in the Southeast Quarter of the Northeast Quarter
(SE1/4NE1/4) of Section Twelve (12), Township One Hundred
Sixty-two (162) North, Range Ninety-two (92) West, 5th P.M.,
particularly described as follows:
Beginning at a point 33 feet west and 999.55 feet north of the
southeast corner of the NE1/4 of said Section 12, Township 162
North, Range 92 West, which point is on the south boundary of the
Great Northern Railway Company right of way as it now exists;
thence along the Great Northern Railway Company right of way a
distance of 115.41 feet; thence left 90(Degree)00' along the
Great Northern Railway Company right of way a distance of 75
feet; thence 90(Degree)00' left a distance of 137.6 feet; thence
left 106(Degree)29' a distance of 78.25 feet to the point of
beginning; said tract containing 0.22 acres, more or less; (known
as Montana-Dakota Utilities Co. Outlot No. 1).
Item 45241. Addition to Lignite Electric Substation
A tract of land in the Southeast Quarter of the Northeast Quarter
(SE1/4NE1/4) of Section Twelve (12) Township One Hundred
Sixty-two (162) North, Range Ninety-two (92) West, 5th P.M.,
particularly described as follows:
Beginning at a point 33 feet west and 921.30 feet north of the
southeast corner of the Northeast Quarter (NE1/4) of Section 12,
Township 162 North, Range 92 West, which point is on the south
boundary of the Montana-Dakota Utilities Co.'s Outlot #1 as it
now exists; thence north 73(Degree)31' West along the south
boundary of Montana-Dakota Utilities Co.'s Outlot #1, a distance
of 137.6 feet; thence left 90(Degree)00' a distance of 50 feet;
thence left 90(Degree) a distance of 152.4 feet; thence left
106(Degree)29' a distance of 52.2 feet to the point of beginning.
Said tract containing 0.17 acres more or less (known as
Montana-Dakota Utilities Co. Outlot No. 2).
Item 49109. Lignite Distribution Substation
A Parcel of Land Located in the Southeast 1/4 of the Northeast
1/4 of Section 12, Township 162 North, Range 92 West of the Fifth
Principal Meridian, Burke County, North Dakota, more particularly
described as follows: Beginning at a Point on the Section Line
Right of Way Line, said Point being 842.89 Feet North and 33.00
Ft. West of the East 1/4 Corner of said Section 12, said Point
being a Set No. 5 Rebar with Aluminum Cap; Thence at AZ
286(Degree)27'50" a Distance of 159.79 Feet to a Set No. 5 Rebar
with Aluminum Cap; Thence at AZ 16(Degree)27'50" a distance of
25.00 Feet to the Southwest Corner of Outlot No. 2, said Point
being an Existing No. 5 Rebar with Aluminum Cap; Thence at AZ
106(Degree)27'50" along the South Line of said Outlot No. 2, a
Distance of 152.40 Feet to the West Right of Way Line of the East
Section Line of said Section 12, the Southeast Corner of Outlot
No. 2, said Point being an Existing No. 5 Rebar with Aluminum
Cap; Thence at AZ 180(Degree)00'00" along said West Right of Way
Line, Parallel with and 33 Feet West of the East Line of said
Section 12, a Distance of 26.07 Feet to the Point of Beginning,
Containing 0.09 Acres more or less and shall be known as Outlot
No. 3.
Item 49110. Lignite Storage Building
Lot 9 of Block 1 of the George A. Moritz Addition to Lignite,
North Dakota.
Item 45242. Portal Substation
Lot 2 Block 25 Portal City.
Item 45243. Powers Lake Electric Substation
Commencing at the southeast corner of the Southwest Quarter of
the Southwest Quarter (SW1/4SW1/4) of Section Twenty-five (25),
Township One Hundred Fifty-nine (159) North, Range Ninety-three
(93) West; thence west to a point
where the east line of Bank Street intersects the section line;
thence northeasterly along the east line of Bank Street a
distance of 335 feet TO THE POINT OF BEGINNING; thence north
along the east line of Bank Street a distance of 100 feet; thence
right 90(Degree)00' a distance of 100 feet; thence right
90(Degree)00' a distance of 100 feet; thence right 90(Degree)00'
a distance of 100 feet to the point of beginning.
BURLEIGH COUNTY, NORTH DAKOTA
Item 50102. Bismarck Electric Substation Site
Lot 1, Block 2, Cottonwood Lake Fifth Addition to the City of
Bismarck, North Dakota.
Item 45244. Bismarck Gas Regulator Station
West 15 feet of Lots 1&2 in Block 93 of McKenzie & Coffins
Addition.
Item 45245. Bismarck Gas Regulator Station
North 15 feet of Lots 17&18 in Block 1 of McKenzie Addition.
Item 45246. Bismarck Gas Regulator Station
South 20 feet of W1/2 of Lot 34 and South 20 of the East 2 1/2'
of Lot 33 in Block 84 Original Plat of the City of Bismarck.
Item 45247. Bismarck Gas Regulator Station
East 100 feet of Lot 16, Block 90, Williams Survey or Addition to
the City of Bismarck.
Item 45248. Bismarck Gas Regulator Station
East 15 feet of Lot 7 in Block 52 of the Northern Pacific Second
Addition.
Item 45249. Bismarck Division Office Building
Lots 7, 8, 9, 10, 11, 12, Block 60, Original Plat of the City of
Bismarck.
Item 45250. Bismarck Electric Substation Site
Lots 1, 2, 3, 4, 5, 6 E 7 1/2' of Lot 7, 19, 20, 21, 22, 23, 24
Block 47, Original Plat of the City of Bismarck.
Item 45251. Bismarck Spray Pond
Lots 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18 Block 45
Original Plat of the City of Bismarck.
Item 45252. High Line #40
Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 Block 65, Original
Plat of the City of Bismarck.
Item 45253. High Line #39
A tract of land lying in Auditor's Lot Twenty-nine (29), Section
Five (5), Township One Hundred Thirty-eight (138) North, Range
Eighty (80) West of the Fifth Principal Meridian, described as
follows:
Beginning at a point on the southwesterly line of said Lot
Twenty-nine (29), 27.1 feet southeasterly from the second angle
southeasterly of the northwesterly end of said Lot Twenty-nine
(29); thence running southeasterly along the southwesterly line
of said Lot Twenty-nine (29), 50 feet; thence running
northeasterly at right angles to the said southwesterly line of
Lot Twenty-nine (29), 131.26 feet, more or less, to the
southwesterly right-of-way line of Memorial Highway; thence
running northwesterly along the southwesterly line of Memorial
Highway, 50.21 feet, more or less, to a point lying 50 feet
measured at right angles from the second course of this
description; thence running southwesterly parallel to the second
course, 126.72 feet, more or less, to the point of beginning.
Said tract contains 0.15 acre, more or less.
Item 45254. Bismarck Tract No. 1
Lots 1, 2, 3, 4, 5, 6, 7, 8, 9 N1/2 Lots 24, 25, 26, 27, 28, 29,
30, 31, 32 Block 8 of Haight & Little Addition.
Item 45255. High Line #39
Bismarck Site located in the County of Burleigh and State of
North Dakota:
Beginning at a point on the Southwest corner of River Heights
Addition to the City of Bismarck, Burleigh County, North Dakota,
said point being the southwest corner of Section 32, Township 139
North, Range 80 West, thence running north along the section
line, 230.5', thence running southeasterly along the westerly
right-of-way line of the street which lies along the westerly
boundary of Block Two, River Heights Addition, 271.2', to the
south line of said Section 32, thence running
west along the south line of said Section 32, 145.1', more or
less, to the point of beginning, and recorded October 24, 1949,
in Book 264 of Deeds, Page 623, Document No. 136942.
Item 45256. Bismarck Gas Regulator Station
Being in the County of Burleigh and State of North Dakota, and
described as follows, to wit:
A strip of land approximately 8 Feet wide and 10 Feet long,
located in Auditors Lot 8 in the SE1/4NW1/4 of Section 3,
Township 138, North of Range 80 West, City of Bismarck, North
Dakota, described as follows: Starting at a point 225.6 Feet
South of the northeast corner of Auditors Lot 8 and on the east
boundary of Auditors Lot 8, thence 8 Feet west at right angle to
the east boundary of Auditors Lot 8, thence 10 Feet south
parallel to the east boundary of Auditors Lot 8, thence east at
right angle to the east boundary of Auditors Lot 8, thence north
on the east boundary of Auditors Lot 8 to the point of beginning.
Item 45257. Bismarck Gas Regulator Station
Being in the County of Burleigh and State of North Dakota, and
described as follows, to wit: A parcel of land situated in Lot
Thirteen (13), Block One (1), of JENNINGS FIRST ADDITION, being a
REPLAT OF A PORTION OF CAPITAL VIEW ESTATES, as recorded in the
Register of Deeds Office, Burleigh County, North Dakota, in PLAT
FILE "J" and dated November 6, 1952, and begin situated in the
Southwest Quarter of the Southeast Quarter (SW1/4SE1/4) Section
Twenty Eight (28), Township One Hundred Thirty Nine (139) North,
Range Eighty (80) West of the 5th P.M., and more particularly
described as follows: "Beginning at the Southeast (SE) corner of
said Lot Thirteen (13), Block One (1), thence North along the
east boundary of said Lot Thirteen (13) a distance of Forty (40)
feet; thence West parallel with the south boundary line of said
Lot Thirteen (13) a distance of Fifteen (15) feet; thence South
parallel with the East boundary line of said Lot Thirteen (13) a
distance of Forty (40) feet; thence East along the South boundary
line of said Lot Thirteen (13) a distance of Fifteen (15) feet,
to the place of beginning.
Item 45258. Bismarck Electric Substation
Being in the County of Burleigh and State of North Dakota, and
described as follows, to wit: ALL OF LOT ONE (1), BLOCK FOUR (4),
of the JENNINGS FIRST ADDITION, being a REPLAT OF A PORTION OF
CAPITAL VIEW ESTATES, situated in the Southwest Quarter of the
Southeast Quarter (SW1/4SE1/4) Section Twenty Eighty (28),
Township One Hundred Thirty Nine (139) North, Range Eighty (80)
West of the 5th P.M. as shown on a Plat of said JENNINGS FIRST
ADDITION as recorded in the Register of Deeds Office, Burleigh
County, North Dakota, in PLAT FILE "J" and dated November 6,
1952,
LESS
The North Sixteen (16) feet of the East Seventy-Five (75) feet of
Lot One (1) of Block Four (4) of Jennings First Addition to the
City of Bismarck, Burleigh County, North Dakota.
Item 45259. Bismarck Electric Substation
Described as follows, namely: A parcel of land situated in the
SW1/4 of Section 35, Township 139 North, Range 80 West of the 5th
P.M., more particularly described as follows: Commencing at a
point 792 Feet north of the southwest corner of Section 35;
thence north 208.71 Feet; thence east 208.71 Feet; thence south
208.71 Feet; thence west 208.71 Feet to the point of beginning;
all angles and traverses being parallel to the boundaries of said
Section 35; and
Commencing at the Southwest corner of the SW1/4 of said Section
35, thence running north along the west boundary of said Section
35 a distance of 792 Feet to a true point of beginning; thence
running north along the west boundary line of said Section 35 a
distance of 208.71 Feet; thence east parallel with the south
boundary line of said Section 35, a distance of 208.71 Feet;
thence south parallel with the west boundary line of said Section
35 a distance of 208.71 Feet; thence west parallel with the south
boundary line of said Section 35 a distance of 208.71 Feet to the
true point of beginning, said parcel of land containing one (1)
acre, more or less. (also described as Lot 1 Blk 21 Morningside
Heights Addition)
Item 45260. Bismarck Electric Substation
That part of the Southeast Quarter (SE1/4) of Section Thirty-one
(31), Township One Hundred Thirty-nine (139) North, of Range
Eighty (80) West of the Fifth Principal Meridian, City of
Bismarck, Burleigh County, North Dakota, bounded and being within
the following described traverse: Beginning at a point on the
section line One Thousand Seven Hundred Thirty-four and
seven-tenths (1734.7) feet due North of the Southeast Corner of
Section Thirty-one (31), thence North Fifty-seven (57) degrees,
Fifty-nine (59) minutes West along the North boundary of the
Northern Pacific Railway right of way a distance of One Hundred
Fifty-six and eight-tenths (156.8) feet, thence due North a
distance of One Hundred Forty-three and four-tenths (143.4) feet,
thence due East to the section line a distance of One Hundred
Thirty-three (133) feet, thence due South along the section line
a distance of Two Hundred Twenty-six and two tenths (226.2) feet
to the point of beginning. The said tract contains .734 acres.
Item 45261. Bismarck Gas Regulator Station
All that part of Auditor's Lot Thirty-one (31) of Section
Thirty-two (32), Township One Hundred Thirty-nine North (T.139N.)
and Range Eighty West (R.80W.) of the Fifth Principal Meridian
(5th P.M.), City of Bismarck, County of Burleigh, State of North
Dakota that is bounded by and lies within the following described
traverse:
Beginning at a point that lies on the centerline of the Ward Road
and is located as follows: Starting at the most Northerly
Northeast corner of the Highland Acres (First) Addition; thence
bearing North eighty-nine degrees and thirty-two minutes East (N.
89(Degree)-32'E.) along the South line of Auditor's Lot Thirty
(30) of said Section Thirty-two (32) a distance of Nine Hundred
Twenty-four and Fifteen Hundredths (924.15) feet to a tangent
line of a seven degree nine minute (7(Degree)-09') curve along
the center-line of the Ward Road; thence bearing North One degree
and seventeen minutes West (N.01(Degree)-17'W.) along said
tangent line a distance of one hundred fifty-nine and twenty
hundredths (159.20) feet to the point of beginning of the
traverse of the tract being described; thence bearing North one
degree and seventeen minutes West (N.01(Degree)-17'W.) a distance
of fifteen (15.00) feet along the centerline of the Ward Road
which is the Westerly boundary of said Auditor's Lot
Thirty-one (31); thence bearing North eighty-eight degrees and
forty-three minutes East (N.88(Degree)-43'E.) a distance of Sixty
(60.00) feet; thence bearing South One degree and seventeen
minutes East (S.01(Degree)-17'E.) a distance of fifteen (15.00)
feet; thence bearing South Eighty-eight degrees and forty-three
minutes West (S.88(Degree) 43'W.) a distance of sixty (60.00)
feet to the point of beginning. The above described tract of land
contains nine hundred (900) square feet, or two hundredths (0.02)
acres, more or less.
Item 45262. Bismarck Electric Substation
All that part of the Southwest Quarter (SW1/4) of Section Thirty
Six (36), Township One Hundred Thirty Nine (139) North, Range
Eighty (80) West, Burleigh County, North Dakota, that lies within
and is bounded by the following described traverse: Beginning at
a point that lies 33 feet North of the South line of said Section
36, said point also being 33 feet east of the west line of said
Section 36; thence bearing N 0(Degree)00'00" E along a line
parallel to and 33 feet east of the west line of said Section 36
a distance of 1039.84 feet; thence bearing N 90(Degree)00'00" E a
distance of 627.00 feet; thence bearing S 0(Degree)00'00" E a
distance of 1034.96 feet; thence bearing S 89(Degree)33'15" W
along a line parallel to and 33 feet North of the South line of
said Section 36 a distance of 627.02 feet to the point of
beginning. The above tract of land contains 14.93 acres, more or
less, Less the following:
All that portion of Pt. of the W1/2W1/2 of Sec. 36, Twp. 139 N.,
Rge. 80 W., 5th P.M., lying within a strip of land 100.0 ft.
wide, lying on the easterly side of the following described
highway centerline as surveyed and staked over and across said
Pt. of the W1/2W1/2: Beginning at a point 43.91 ft. east of the
southwest corner of said Sec. 36, thence running N 0(Degree)24'E
1073.03 ft. more or less until said strip crosses the northerly
property line of said tract, also including all that portion
lying westerly of the above described strip, excepting all that
portion lying within 33 feet of the section lines.
Tract contains 2.74 acres, more or less, and is shown on plat as
shaded area.
Item 45263. Hi-Line No. 39 Right-of-way
A tract of land lying in the SW1/4 of Section Four (4), Township
138 North, Range 80 West of the 5th P.M., Burleigh County, North
Dakota, the boundaries of which are described as follows, to-wit:
Beginning at a point 390.8 ft. South and 33 ft. East of the
Northwest corner of said SW1/4 of Sec. 4, thence North
89(Degree)13' East 1880.3 ft., thence North 0(Degree)47' West 8.7
ft., thence North 89(Degree)13' East 5.0 ft., thence North
0(Degree)21' East 382.1 ft. more or less to the 1/4 line, thence
North 89(Degree)13' East along the 1/4 line 25.0 ft. thence South
0(Degree)21' West 382.1 ft., thence North 89(Degree)13' East 40.0
ft., thence South 0(Degree)47, East 90.0 ft., thence South
89(Degree)13' West 70.0 ft., thence North 0(Degree)47' West 30.8
ft., thence South 89(Degree)13' West 1753.3 ft., thence West
127.0 ft., thence North 48.7 ft to the point of beginning,
containing 2.54 acres more or less,
LESS the west ten (10) feet of Lot Nine (9) Block One (1) Replat
of Block One (1) of Wachter's Sixteenth Addition and Block One
(1) of Wachter's Addition, Bismarck, North Dakota.
Item 45264. Southwood Terrace Gas Regulator
Commencing at the Northwest Corner of Lot One (1) in Block One
(1) in Southwood Terrace Addition to the City of Bismarck,
Burleigh County, North Dakota; thence East on the North boundary
of said Lot, a distance of twenty (20) feet; thence South, on a
line parallel with East and West boundaries of said Lot, a
distance of forty (40) feet; thence West, on a line parallel with
the North boundary of said Lot, a distance of twenty (20) feet;
thence North on the West boundary of said Lot, a distance of
forty (40) feet, to the point of beginning.
Item 45265. Three-pole Structure
All that part of the Southwest Quarter (SW1/4) of Section Nine
(9), Township One Hundred Thirty-Nine North (T.139 N.), Range
Eighty West (R.80 W.) of the Fifth Principal Meridian (5th P.M.),
Burleigh County, North Dakota, that lies within and is bounded by
the following described traverse: Beginning at the Southwest
corner of said Section 9; thence bearing North
(N.0(Degree)-00'-00"E.) along the west line of said Section 9 a
distance of two hundred fifty and no hundredths (250.00) feet;
thence bearing North eighty-nine degrees, thirty-six minutes and
zero seconds east (N.89(Degree)-36'-00"E.) a distance of two
hundred and no hundredths (200.00) feet; thence bearing South
(S.0(Degree)-00'-00"W.) a distance of two hundred fifty and no
hundredths (250.00) feet to the South line of said Section 9;
thence bearing South eighty-nine degrees, thirty-six minutes and
zero seconds west (S.0(Degree)89(Degree)-36'-00"W.) along said
South line of Section 9 a distance of two hundred and no
hundredths (200.00) feet to the point of beginning.
The above described tract of land contains one and fifteen
hundredths (1.15) acres, more or less.
Item 45266. Bismarck General Office
Lots One (1), Two (2), Three (3), Four (4), Five (5), Six (6) and
Seven (7), Block 120 of the Original Plat of the City of
Bismarck, North Dakota, and Lots One (1), Two (2) and Three (3)
in Block 23 of Northern Pacific First Addition to the City of
Bismarck, North Dakota, less the West 10 feet of all of said
lots; all according to the certified copy of plats thereof on
file and of record in the office of the Register of Deeds in and
for said county and state.
Item 45267. Bismarck Gas Regulator Station
Beginning at the southeast corner of Lot Nine (9) of Block Five
(5) of Highland Acres Addition to the City of Bismarck, North
Dakota; Thence bearing northwesterly along the southerly line of
said Lot 9 a distance of 15.44 feet; thence bearing northeasterly
and at right angles to the said southerly ling of said Lot 9 a
distance of 7.00 feet; thence bearing southeasterly and parallel
to the said southerly line of said Lot 9 a distance of 12.00 feet
to the east line of said Lot 9; thence bearing south along said
east line a distance of 7.80 feet to the point of beginning.
The above described tract contains 96 square feet, more or less.
Item 45268. Bismarck Electric Substation
All that part of the Southeast Quarter (SE1/4) of Section Nine
(9), Township One Hundred Thirty-Eight (138) North, Range Eighty
(80) West of the Fifth Principal Meridian, Burleigh County, North
Dakota, that lies within the following described traverse:
Starting at a point on the south line of Meadow Valley Addition
to the City of Bismarck, said point lying two (2) feet west of
the west line of South Ninth Street; thence bearing South zero
degrees, thirty-one minutes and forty seconds West
(S0(Degree)-31'-40"W) parallel to South Ninth Street and South
Ninth Street extended south a distance of three thousand two
hundred seventy-six and one tenth (3276.1) feet to the true point
of beginning of the traverse of the tract being described. From
the point of beginning the traverse continues on the same bearing
a distance of seventy-five (75) feet; thence bearing South
eighty-nine degrees twenty-eight minutes, and twenty seconds East
(S89(Degree)-28'-20"E) a
distance of one hundred (100) feet; thence bearing North zero
degrees, thirty-one minutes, and forty seconds East
(N0(Degree)31'-40"E) a distance of seventy-five (75) feet; thence
bearing North eighty-nine degrees, twenty-eight minutes and
twenty seconds West (N89(Degree)-28'20"W) a distance of one
hundred (100) feet to the point of beginning.
The above described tract of land contains seven thousand five
hundred (7500) square feet, along with the right of ingress and
egress for construction, maintenance and operations.
Item 45269. Bismarck Tract No. 2
Lots Thirty (30) and Thirty-one (31) in Block Seventeen (17),
Homan Acres Third Addition to the City of Bismarck, Burleigh
County, North Dakota.
Item 45270. Bismarck Tract No. 3
TRACT 1: Beginning at the northeast corner of Lot 1, Block 6 of
Parkview Addition (being a Replat of Riverside Addition) to the
City of Bismarck, North Dakota; thence bearing northerly along
the west side of Anderson Street a distance of 66 feet; thence
bearing westerly along the south line of Block 1 a distance of
478.22 feet to the east side of Garden drive; thence bearing
southerly along the east side of Garden Drive a distance of 65.84
feet; thence bearing easterly along the north line of Lots 1-7,
Block 6, a distance of 472.26 feet to the west side of Anderson
Street and the point of beginning. Said tract of land contains
.720 acres, more or less.
TRACT 2: Beginning at the northeast corner of Lot 11, Block 5 of
Parkview Addition (being a Replat of Riverside Addition) to the
City of Bismarck, North Dakota; thence bearing northerly along
the west side of Garden Drive a distance of 65.88 feet; thence
bearing westerly along the south line of Lots 8 and 11, Block 2,
a distance of 305.49 feet to the east side of Meadow Lane; thence
bearing southeasterly along the east side of Meadow Lane a
distance of 72.77 feet; thence bearing easterly along the north
line of Lots 11 and 12, Block 5, a distance of 275.24 feet to the
west side of Garden Drive and the point of beginning. Said tract
of land contains .439 acres, more or less.
TRACT 3: Beginning at the northeast corner of Lot 20, Block 4 of
Parkview Addition (being a Replat of Riverside Addition)
to the City of Bismarck, North Dakota; thence bearing
northwesterly along the west side of Meadow Lane a distance of
72.77 feet; thence bearing westerly along the south line of Lot
8, Block 3, a distance of 264.63 feet to the east side of
Riverside Park Road; thence bearing southeasterly along the east
side of Riverside Park Road a distance of 72.77 feet; thence
bearing easterly along the north line of Lots 20 and 21, Block 4,
a distance of 264.63 feet to the west side of Meadow Lane and the
point of beginning. Said tract of land contains .396 acres, more
or less.
Item 45271. Bismarck Electric Substation
All that part of the South One-Half of Section Four (4), Township
One Hundred Thirty-eight North (T138N), Range Eighty West (R80W)
of the Fifth Principal Meridian (5th P.M.), Burleigh County,
North Dakota, that lies within and is bounded by the following
described traverse:
Beginning at the intersection of the West line of Seventh Street
and the North line of Arbor Avenue in the City of Bismarck, North
Dakota, thence bearing North eighty-nine degrees, zero minutes
and nine seconds West (N89(Degree)-00'09"W) along the North line
of Arbor Avenue a distance of ninety-five (95.00) feet; thence
bearing North zero degrees, fifty-nine minutes and fifty-one
seconds East (N0(Degree)-59'-51"E) parallel to the West line of
Seventh Street a distance of ninety-five (95.00) feet; thence
bearing South eighty-nine degrees, zero minutes and nine seconds
East (S89(Degree)-00'-09"E) parallel to the North line of Arbor
Avenue a distance of ninety-five (95.00) feet; thence bearing
South zero degrees, fifty-nine minutes and fifty-one seconds West
(S0(Degree)-59'-51"W) along the West line of Seventh Street a
distance of ninety-five (95.00) feet to the point of beginning.
The above described tract of land contains twenty-one hundredths
(0.21) acres, more or less.
Item 45272. Bismarck Electric Substation
All that part of the Northwest Quarter of the Northwest Quarter
(NW1/4NW1/4) of Section Sixteen (16), Township One Hundred
Thirty-eight North (T138N), Range Eighty West (R80W) of the Fifth
Principal Meridian (5th P.M.), Burleigh County, North Dakota,
that lies within and is bounded by the following described
traverse:
Beginning at a point that lies on the North line and fifty
(50.00) feet East of the Northwest Corner of said Section Sixteen
(16); thence bearing East along the North line of said Section
Sixteen (16) a distance of seventy-five (75.00) feet; thence
bearing South parallel to the West line of said Section Sixteen
(16) a distance of one hundred (100.00) feet; thence bearing West
parallel to the North line of said Section Sixteen (16) a
distance of seventy-five (75.00) feet; thence bearing North
parallel to the West line of said Section Sixteen (16) a distance
of one hundred (100.00) feet to the point of beginning.
The above described tract of land contains seventeen hundredths
(0.17) acres, more or less.
Item 45273. Bismarck Gas Regulator Station
All that part of the Southwest Quarter of the Northeast Quarter
(SW1/4NE1/4) of Section Thirty-four (34), Township One Hundred
Thirty-nine North (T-139-N), Range Eighty West (R-80-W) of the
Fifth Principal Meridian (5th P.M.), Burleigh County, State of
North Dakota, that lies within and is bounded by the following
described traverse:
Beginning at a point lying on the South line of the said
Southwest Quarter of the Northeast Quarter (SW1/4NE1/4) and said
point being South Ninety Degrees, Zero Minutes and Zero Seconds
West (S.90(Degree)-00'-00"W.) along said South line a distance of
two hundred forty-five and zero hundredths (245.00) feet from the
Southeast corner thereof. Thence bearing South Ninety Degrees,
Zero Minutes and Zero Second West (S.90(Degree)-00'00"W.) along
said South line a distance of Fifteen and zero hundredths (15.00)
feet; thence bearing North Eighteen Degrees, Thirty Minutes and
Zero Seconds East (N.18(Degree)-30'00"E.) a distance of Fifteen
and eighty-two hundredths (15.82) feet; thence bearing North
Ninety Degrees, Zero Minutes and Zero Seconds East
(N.90(Degree)-00'-00"E.) a distance of Nine and ninety-eight
hundredths (9.98) feet; thence bearing South Zero Degrees, Zero
Minutes and Zero Seconds West (S.0(Degree)-00'-00"W.) a distance
of Fifteen and zero hundredths (15.00) feet to the point of
beginning.
Said tract of lands contains 187 square feet, more or less.
Item 45274. Bismarck Gas Regulator Station
All that part of the Northwest Quarter of the Northeast Quarter
(NW1/4NE1/4) of Section 27, Township 139 North, Range 80 West of
the 5th P.M., Burleigh County, North Dakota, that lies within and
is bounded by the following described traverse: Beginning at a
point on the North line of said Section 27, said point being One
Thousand Six Hundred Eighty-one and Forty-six hundredths
(1681.46) feet West (N.90(Degree)W.) of the Northeast (N.E.)
corner of said Section 27; thence bearing South Zero Degrees,
Zero Minutes and Zero Seconds East (S.0(Degree)-00'-00"E.) a
distance of Two Hundred Seventeen and Eighty Hundredths (217.80)
feet; thence bearing North Ninety Degrees, Zero Minutes and Zero
Seconds West (N.90(Degree)-00'-00"W.) a distance of twenty-five
(25) feet; thence bearing North Zero Degrees, Zero Minutes and
Zero Seconds West (N.0(Degree)-00'-00"W.) a distance of Two
Hundred Seventeen and Eighty Hundredths (217.80) feet; thence
bearing South Ninety Degrees, Zero Minutes and Zero Seconds East
(S.90(Degree)-00'-00"E.) a distance of twenty-five (25) feet to
the point of beginning; said tract of land containing thirteen
hundredths (0.13) acres, more or less.
Item 45275. Range Station Substation
ALL THAT PART OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER
(N.W.1/4, N.W.1/4) OF SECTION FOUR (4), TOWNSHIP ONE HUNDRED
THIRTY-EIGHT NORTH (T.138 N.), RANGE SEVENTY-NINE WEST (R. 79 W.)
OF THE FIFTH PRINCIPAL MERIDIAN (5th P.M.) BURLEIGH COUNTY, NORTH
DAKOTA THAT LIES WITHIN AND IS BOUNDED BY THE FOLLOWING DESCRIBED
TRAVERSE:
BEGINNING AT A POINT THAT LIES FOUR THOUSAND, NINE HUNDRED THIRTY
AND FORTY-SEVEN HUNDREDTHS (4,930.47) FEET WEST (N.
90(Degree)-00'W.) AND ONE HUNDRED (100.00) FEET SOUTH (S.
0(Degree)-00' E.) OF THE NORTHEAST CORNER OF SAID SECTION FOUR
(4); THENCE BEARING SOUTH ZERO DEGREES AND ZERO MINUTES EAST (S.
0(Degree)-00' E.) A DISTANCE OF FIFTY (50.00) FEET; THENCE
BEARING NORTH NINETY DEGREES AND ZERO MINUTES WEST (N.
90(Degree)-00' W.) A DISTANCE OF THIRTY-FIVE (35.00) FEET; THENCE
BEARING NORTH ZERO DEGREES AND ZERO MINUTES WEST (N.
0(Degree)-00' W.) A DISTANCE OF FIFTY (50.00) FEET;
THENCE BEARING SOUTH NINETY DEGREES AND ZERO MINUTES EAST (S.
90(Degree)-00'E.) A DISTANCE OF THIRTY-FIVE (35.00) FEET TO THE
POINT OF BEGINNING.
THE ABOVE DESCRIBED TRACT OF LAND CONTAINS FOUR HUNDREDTHS (0.04)
ACRES, MORE OR LESS.
Item 45276. Bismarck Service Center
All that part of Auditor's Lot Six (6), Section Three (3),
Township One Hundred Thirty-eight North (T. 138 N.), Range Eighty
West (R. 80 W.) of the Fifth Principal Meridian (5th P.M.) that
lies within and bounded by the following described traverse:
Beginning at a point that lies sixty (60) feet East of the
North-South quarter line of said Section Three (3) and forty (40)
feet North of the South section line of said Section Three (3);
thence bearing North (N. 0(Degree)-00'-00"E.) and parallel to the
said quarter line a distance of five hundred sixty-five and
eleven hundredths (565.11) feet; thence bearing North eighty-nine
degrees, twenty-seven minutes and fifty-four seconds East (N.
89(Degree)-27'-54" E.) a distance of two hundred (200) feet;
thence bearing North (N. 0(Degree)-00'-00" E.) a distance of one
hundred sixty (160) feet; thence bearing North eighty-nine
degrees, twenty-seven minutes and fifty-four seconds East
(N.89(Degree)-27'54" E.) a distance of seven hundred eighty-eight
and eighty hundredths (788.80) feet; thence bearing South zero
degrees, four minutes and zero seconds West (S. 0(Degree)-04'-00"
W.) a distance of seven hundred twenty-five and forty-nine
hundredths (725.49) feet to a point that lies forty (40) feet
North of the South line of the said Section Three (3); thence
bearing South eighty-nine degrees, twenty-nine minutes and eleven
seconds West (S. 89(Degree)-29'-11" W.) a distance of nine
hundred eighty-seven and ninety-five hundredths (987.95) feet to
the point of beginning.
The above described tract of land contains fifteen and
seventy-two hundredths (15.72) acres more or less.
Item 45277. Bismarck NE Border Station
Commencing at the northwest corner of Section Fourteen (14),
Township One Hundred Thirty-nine (139) North, Range Eighty (80)
West of the Fifth Principal Meridian, thence east along the north
line of said Section 14 a distance of 208.7 feet; thence south,
parallel with the west line of said Section 14 a distance of
208.7 feet, thence west a distance of 208.7 feet to the west line
of said Section 14, thence north along the west Section line a
distance of 208.7 feet to the point of beginning; said tract
containing 1.0 acre, more or less.
Item 45278. Fort Lincoln Estates District Regulator Station
A tract of land in the Northeast Quarter of the Northwest Quarter
(NE1/4NW1/4) of Section Nineteen (19), Township One Hundred
Thirty-eight (138) North, Range Seventy-nine (79) West, of the
Fifth Principal Meridian, more particularly described as follows:
Starting at the northwest corner of Lot 1 of Block 1 of Fort
Lincoln Estates Subdivision Number One, thence westerly along the
south line of Santee Road a distance of 15 feet, thence southerly
parallel to the west line of said Lot 1 of Block 1 a distance of
100 feet, thence easterly a distance of 15 feet to the southwest
corner of said Lot 1 of Block 1 of Fort Lincoln Estates
Subdivision Number One, thence northerly along the west line of
Lot 1 of Block 1 a distance of 100 feet to the point of
beginning.
Item 45279. Bismarck Southeast Substation
Part of Lot 4 of Block 3 of Gussner Industrial Tracts Second
Division to Bismarck, Burleigh County, North Dakota.
Said tract being more particularly described as follows:
Beginning at the Northwest corner of said Lot 4 of Block 3 of
Gussner Industrial Tracts Second Division, which point is 40 feet
South and 333 feet West of the Northeast corner of Section 10,
Township 138 North, Range 80 West; thence East along the North
line of said Lot 4 and the South line of Bismarck Avenue a
distance of 75 feet; thence at right angles and South a distance
of 150 feet; thence at right angles and West a distance of 75
feet to the West line of said Lot 4; thence North along the West
line of said Lot 4 a distance of
150 feet to the point of beginning.
Containing 0.258 acre, more or less.
Item 45280. Century Substation
A part of Auditor's Lot 3 in the NW 1/4 of Section 28, Township
139 North, Range 80 West, in Burleigh County, North Dakota, and
more fully described as follows:
Beginning at a point 1230.08' West and 50' South of the Northeast
corner of the NW 1/4 of said Section 28; thence South along the
East boundary of said Auditor's Lot 3 a distance of 193'; thence
bearing West along a line that is parallel to the North boundary
of Section 28 a distance of 78'; thence Northwesterly along a
line which is on a 50' radius and said line will be the
Northeasterly boundary of Independence Avenue, to a point that is
located 115' West of the East boundary of said Auditor's Lot 3
and 194.72' South of the North boundary line of said Section 28;
thence North along a line parallel to the East boundary of
Auditor's Lot 3 a distance of 144.72'; thence East along a line
parallel to the North line of Section 28 a distance of 115' to
point of beginning.
Item 45281. Northwest Bismarck 115KV Substation
Commencing at the northwest corner of said Section 29, Township
139 North, Range 80 West of the 5th P.M., thence east along the
north line of said Section a distance of 300 feet, thence at
right angles and southerly a distance of 269.03 feet, thence at a
45(Degree) angle and southwesterly a distance of 93.29 feet,
thence westerly, parallel with the north line of said Section 29,
a distance of 235 feet to the west line of said Section, thence
north along the west Section line a distance of 335 feet to the
point of beginning; said tract containing 2.26 acres, more or
less.
Item 45282. Bismarck N.E. Substation
Lots Nine (9) and Ten (10), Block One (1), Stein's Fifth Addition
to the City of Bismarck, Burleigh County, North Dakota.
Item 45283. Bismarck Regulator Station
Beginning at the northwest corner of Lot Three (3) of Polleck's
Addition in the West Half of the Northeast Quarter (W1/2NE1/4) of
Section Twenty-two (22), Township One Hundred Thirty-nine (139)
North, Range Eighty (80) West of the Fifth Principal Meridian,
thence East along the lot line a distance of Seventy-five (75)
feet; thence South a distance of Twenty-five (25) feet; thence
West a distance of Seventy-five (75) feet; thence North a
distance of Twenty-five (25) feet to the point of beginning.
Item 45284. Bismarck Transportation Center
A tract of land located in Auditor Lot 6 in the Southeast Quarter
(SE1/4) of Section Three (3), Township 138 North, Range 80 West,
more fully described as follows:
Commencing at a point located 60 feet East and 605 feet North
from a point 2,641.4 feet West on the section line from the
Southeast Corner of said Section 3, thence running North along
the East line of Airport Road for a distance of 160 feet, thence
East a distance of 200 feet, thence South a distance of 160 feet,
thence West a distance of 200 feet to the point of beginning.
Said tract of land contains 0.735 acres, more or less.
Item 45285. Bismarck Warehouse
A tract of land lying in the SW1/4of Sec. 21, Twp. 139 N., Rge.
78 W., 5th P.M., said tract being described as follows:
Beginning at a point 1033.6 ft. east along the section line and
33.0 ft. north of the southwest corner of said SW1/4, thence
running N 74(Degree)41'W 40.0 ft., thence N 15(Degree)19'E 60.0
ft., thence S 74(Degree)41'E 60.0 ft., thence S 15(Degree)19'W
54.55 ft., thence west along a line 33.0 ft. north of and
parallel to the south line of said SW1/420.74 ft., more or less,
to the point of beginning.
Tract contains 0.081 acres, more or less, and is shown on plat as
shaded area.
Item 49112. Driscoll Substation
Lot A of the Southwest Quarter (SW1/4) of Section Fifteen (15),
Township 139 North, Range 75 West, Burleigh County, North Dakota,
containing 0.23 acres.
Item 45286. McKenzie Electric Substation
A tract of land lying in the Southwest quarter (SW1/4) of Section
Twenty-one (21), Township One Hundred Thirty-nine (139) North,
Range Seventy-seven (77) West of the Fifth Principal Meridian,
the boundaries of which are described as follows:
Beginning at a point located 1,049.9 feet east and 33 feet north
of the southwest corner of said Section 21, said point being on
the right of way line of Interstate Highway #94, as said Highway
is surveyed and platted across said Section 21; thence west along
said right of way line on a bearing of N 70(Degree) 52' W a
distance of 40 feet; thence on a bearing of N 19(Degree) 08' E a
distance of 60 feet; thence on a bearing of S 70(Degree) 52' E a
distance of 60 feet; thence on a bearing of S.19(Degree) 08' W. a
distance of 53.07 feet to a point on the right of way line of
said Interstate Highway #94; thence west along said right of way
line and parallel to the south line of said Section 21 a distance
of 21.20 feet to the point of beginning. Tract contains 0.081
acre, more or less, according to the survey thereof.
Item 45287. Sterling Electric Substation
A tract of land, lying in the NE 1/4 SE 1/4 of Section 29,
Township 139 North, Range 76 West, and described as follows:
From a point of beginning, which point is located 1316.4 feet
north and 33 feet west from the southeast corner of Section 29,
Township 139 North, Range 76 West, 5th P.M. in Burleigh County,
North Dakota; thence South 89(Degree) 34' West along the 1/4 1/4
section line a distance of 67 feet; thence north parallel with
the east section line of said Section 29 a distance of 81.24
feet; thence east at an angle of 90(Degree), a distance of 67
feet; thence south, at an angle of 90(Degree), and parallel to
the section line of said Section 29, a distance of 80 feet to the
point of beginning. Said tract of land containing 0.13 acres,
more or less.
DICKEY COUNTY, NORTH DAKOTA
Item 45289. Ellendale Radio Tower Site
A portion of the South West Quarter (SW1/4) of Section 36,
Township 129, Range 63 West of the Fifth Principal Meridian
particularly described as follows:
Commencing at a point 33 feet north of the southeast corner of
the said South West Quarter (SW1/4) of Section 36, Township 129
Range 63 West of the Fifth P.M. thence north on the quarter line
500 feet; thence west 500 feet; thence south 500 feet; thence
east 500 feet to point of beginning, containing approximately
5.74 Acres.
Item 45290. Ellendale 230KV Substation Site
A parcel of land situated in the Northwest Quarter (NW1/4) of the
Northwest Quarter (NW1/4) Section Ten (10), Township One Hundred
Twenty-Nine (129), Range Sixty-Three (63) West of the Fifth
Principal Meridian, being more particularly described as follows:
Beginning at a point 33 feet south and 33 feet east of the
Northwest Corner of said Section Ten (10), Thence east parallel
with the north section line a distance of 660 feet to a point,
thence South parallel with the West section line a distance of
660 feet to a point, thence West parallel with the North section
line a distance of 660 feet to a point, thence North parallel
with the west section line a distance of 660 feet, to the point
of beginning. Said tract contains 10 acres, more or less.
Item 45291. Ellendale Electric Substation
Lot Seven (7) Block Twenty-five (25) Ellendale Land Company's
Addition to the city of Ellendale, Dickey County, North Dakota.
Item 45292. Ellendale Substation/warehouse
PARCEL 1: A parcel of land situated in the Southeast Quarter
(SE1/4) of Section Eleven (11), Township One Hundred Twenty-Nine
(129) North, Range Sixty-Three (63) West of the Fifth Principal
Meridian, being more particularly described as follows: Starting
at a point on the Southwest Corner of Lot Eight (8), Block Six
(6) of the Original Townsite of Ellendale, North Dakota; thence
North 90(Degree)00' West along the north side of Main Street a
distance of 387.66' to the true point of beginning; thence North
05(Degree)35' West along the C.M.St.P.&P. R.R. Co.'s west right
of way line a distance of 119.21' to a point; thence North
89(Degree)51' East a distance of 78.00' to a point; thence South
06(Degree)25' East, 8.5' West of the C.M.St.P.&P. R.R. Co.'s
Westernmost side track center line a distance of 119.51' to a
point; thence North 90(Degree)00' West along the north side of
Main Street a distance of 79.75' to the true point of beginning.
PARCEL 3: Starting at a point on the Northwest Corner of Lot
Twelve (12), Block Seven (7) of the Original Townsite of
Ellendale, North Dakota; thence North 90(Degree)00' West along
the south side of Main Street a distance of 387.80' to a point;
thence South 05(Degree)35' East along the C.M.St.P.&P. R.R. Co.'s
west right of way line a distance of 228.00' to the true point of
beginning; thence South 05(Degree)35' East along the C.M.St.P.&P.
R.R. Co.'s west right of way line a distance of 80.00' to a
point; thence North 84(Degree)25' East a distance of 103.34' to a
point; thence North 12(Degree)29' West, 8.5' west of the
C.M.St.P.&P. R.R. Co.'s Westernmost side track center line a
distance of 80.70' to a point; thence South 84(Degree)25' West a
distance of 93.68' to the true point of beginning.
Item 45294. Ellendale 230KV Substation
A parcel of land situated in the Northwest Quarter of the
Northwest Quarter (NW1/4NW1/4) of Section Ten (10), Township One
Hundred Twenty-Nine (129) North, Range Sixty-Three (63) West of
the Fifth Principal Meridian, being more particularly described
as follows: Commencing 33 feet east and 693 feet south of the
northwest corner of the Northwest Quarter; thence east 660 feet,
thence south 100 feet, thence west 660 feet, thence north 100
feet to the point of beginning.
Item 45295. Ellendale Electric Substation
Tract U-1 in the City of Ellendale, Dickey County, North Dakota,
located in the Southeast Quarter of the Southwest Quarter
(SE1/4SW1/4) of Section Twelve (12), Township One Hundred
Twenty-nine (129) North, Range Sixty-three (63) West as platted
and recorded as Document Number 139515 in the Dickey County
Register of Deeds Office in Ellendale and more particularly
described as follows, to-wit: Commencing 616.88 Feet West and 33
Feet North of the Southeast Corner of the Southeast Quarter of
the Southwest Quarter (SE1/4SW1/4) of said Section Twelve (12),
thence North a distance of 150 Feet; thence East a distance of
100 Feet; thence South a distance of 150 Feet; thence West a
distance of 100 Feet to the point of beginning. Tract contains
0.34 acres more or less.
Item 45296. Ellendale Substation/Warehouse
Two parcels of Burlington Northern Railroad Company (formerly
Great Northern Railway Company) station ground property situated
in the NE1/4SE1/4 of Section 11, T129N, R63W, 5th PM, Original
Township of Ellendale, said Dickey County, North Dakota, more
particularly described as follows:
PARCEL 1
BEGINNING at the intersection of the centerline of Main Street
extended Westerly and the West line of the said NE 1/4SE1/4 of
Section 11; thence North along said West line 385 feet to the
centerline of 3rd Street; Thence East along said 3rd Street
centerline, 250 feet to a point lying 50 feet West, as measured
at right angles, from the said Railroads main track centerline as
originally located and constructed; thence South, parallel with
the said West line of said NE1/4SE1/4 (also parallel with the
said main track centerline), 385 feet to the said Main Street
centerline; thence West along said Main Street centerline, 250
feet to the Point of Beginning.
PARCEL 2
BEGINNING at a point on the said Main Street centerline, lying
380 feet East of the said West line of the NE1/4SE1/4, Section
11; thence North, parallel with said West line (also parallel
with and 80 feet Easterly from the said main track centerline),
158.6 feet; thence East, parallel with said Main Street
centerline, 71.8 feet; thence S 05(Degree) 35'E, a distance of
159.6 feet to the said Main Street centerline; thence West along
said Main Street centerline, 87.7 feet to the Point of Beginning.
LESS the North 60.0 feet of the West 250 feet of the NE1/4SE1/4
of Section 11, Township 129 North, Range 63 West, 5th P.M.,
Dickey County, North Dakota.
Item 45297. Merricourt Electric Substation
A tract of land lying in the Northwest Quarter of the Northwest
Quarter (NW1/4NW1/4) of Section Thirty-one (31) Township One
Hundred Thirty-two (132) North, Range Sixty-four (64) West of the
Fifth Principal Meridian in Dickey County, North Dakota, the
boundaries of which are described as follows, to-wit:
Beginning at a point on the Section line 245 ft. East of the
Northwest corner of said Section 31, thence East 50 ft., thence
South 150 ft., thence West 50 ft., thence North 150 ft., to the
point of beginning;
Item 45298. Monango Electric Substation
A tract of land Fifty feet square beginning at a point common to
Section Sixteen (16), and Section Seventeen (17), Section 8 and
Section 9 Township 131, Range 63, and extending North Ninety Four
(94) Feet, Thence East Eighty Three (83) Feet, Thence South
Ninety Four (94) Feet, Thence West Eighty Three (83) Feet to the
point of beginning.
Item 49113. Monango - Fullerton Distribution Substation
That part of the Southeast corner of Outlot E, of the lettered
outlots in the City of Monango, located in the SE1/4SE1/4SE1/4 of
Section 8, Township 131 North, Range 63 West, more particularly
described as follows:
Commencing at the Southeast corner of Section 8, T131N, R63W;
thence N0(Degree)00'30"E a distance of 309.0 feet; thence
N89(Degree)59'30"W a distance of 33.0 feet to point of West
R.O.W.; thence N89(Degree)59'30"W a distance of 150.0 feet;
thence S0(Degree)00'30"W a distance of 100.0 feet; thence
S89(Degree)59'30"E a distance of 150.0 feet; thence
N0(Degree)00'30"E a distance of 100.0 feet to point of beginning,
being 0.34 acres.
DIVIDE COUNTY, NORTH DAKOTA
Item 49114. Noonan Distribution Substation
A TRACT OF LAND LOCATED IN FORMER AUDITORS LOT #5, NORTH 1/2 OF
THE NORTHEAST 1/4 OF SECTION 4, TOWNSHIP 162 NORTH, RANGE 95 WEST
OF THE FIFTH PRINCIPAL MERIDIAN, DIVIDE COUNTY, NORTH DAKOTA.
BEGINNING AT A POINT AT THE NORTHWEST CORNER OF THE PROPERTY AS
DESCRIBED IN DOCUMENT #146346, FILED JANUARY 30, 1975 IN BOOK 85
ON PAGE 224 OF DEEDS AT THE DIVIDE COUNTY REGISTER OF DEEDS
OFFICE, SAID POINT BEING 350 FT. FROM THE CENTERLINE OF THE MAIN
LINE OF THE RAILROAD AND 325 FT. FROM THE WEST RIGHT OF WAY LINE
OF THE MAIN STREET OF THE CITY OF NOONAN EXTENDED NORTHERLY, A
SET #5 REBAR WITH ALUMINUM CAP, ALSO SAID POINT BEING THE NE
CORNER OF THIS SURVEY; THENCE, AZ 168(Degree)47'23" ALONG THE
WEST DEED LINE AS PER DOC. #146346 AT A DISTANCE OF 100.00 FT. TO
A SET #5 REBAR WITH ALUMINUM CAP, THE SOUTHEAST CORNER OF THIS
SURVEY; THENCE, AZ 258(Degree)47'23" AT A DISTANCE OF 200.00 FT.
TO A SET #5 REBAR WITH ALUMINUM CAP, THE SOUTHWEST CORNER OF THIS
SURVEY; THENCE, AZ 348(Degree)47'23" AT A DISTANCE OF 100.00 FT.
TO A SET #5 REBAR WITH ALUMINUM CAP, THE NORTHWEST CORNER OF THIS
SURVEY; THENCE, AZ 78(Degree)47'23" AT A DISTANCE OF 200.00 FT.
TO THE POINT OF BEGINNING. CONTAINING 0.46 ACRES MORE OR LESS,
AND IS SUBJECT TO ALL EXISTING EASEMENTS. Also described as
Auditor's Lot 5D by the Divide County Auditor.
DUNN COUNTY, NORTH DAKOTA
Item 49115. Dodge Distribution Substation
Lots Two (2) and Three (3) of Block "B" in the City of Dodge,
N.D., located in the Northeast Quarter of the Southwest Quarter
(NE1/4SW1/4) of Section 10, Township 144 North, Range 91 West,
5th P.M. in Dunn County, North Dakota.
Item 45299. Halliday Electric Substation
To that part of the Southeast Quarter of the Southeast Quarter
(SE1/4of SE1/4) of Section Twenty-five (25), Township One Hundred
Forty-five (145) North Range Ninety-two (92) West, in Dunn
County, North Dakota, which is bound on the east side by the
section line, running north and south, on the east side of said
description, bound on the south by the section line, running on
the south side of said section, east and west, and bounded upon
the north and west sides by North Dakota State Highway, Number 8,
where the same now runs over said premises, and excepting from
said description that portion thereof, heretofore deeded to the
Montana Dakota Utilities Company, a corporation of Bismarck,
North Dakota, said excepted portion being described as follows:
A tract of land situated in the South Half of the Southeast
Quarter (S1/2SE1/4) of Section Twenty-five (25), Township One
Hundred Forty-five (145) North Range Ninety-two (92), West, and
situated in Dunn County, North Dakota, more particularly
described as follows: Beginning at a point 243 Feet due West and
33 Feet due North of the Southeast corner of said Section
Twenty-five (25), thence 50 Feet due West, thence 73 Feet due
north, thence 50 feet due east, thence 73 Feet due south to the
point of beginning, including a right-of-way of entrance thereto,
all of which real estate is situated in Dunn County, North
Dakota.
EMMONS COUNTY, NORTH DAKOTA
Item 50103. Linton Office Additional Property
A parcel of land located within the Southeast Quarter (SE1/4) of
Section Seven (7), Township One Hundred Thirty-Two (132) North,
Range Seventy-Six (76) West of the Fifth Principal meridian,
Emmons County, North Dakota, more particularly described as
follows:
Commencing at a point located on the south right of way line of
Sampson Avenue and 10.00 feet east of the center of the mainline
railroad track (measured at right angles to said mainline), said
point being the point of beginning; thence S 89(Degree) 55"00" E
on the south right of way of Sampson Avenue a distance of 238.60
feet; thence S 0(Degree) 05'02" W a distance of 13.40 feet;
thence S 27(Degree) 09'39" E (parallel to said mainline track) a
distance of 77.16 feet; thence N 89(Degree) 55'00" W a distance
of 121.33 feet; thence S 58(Degree) 21'24" W a distance of 85.40
feet to a point located 10.00 feet easterly of the center of a
spur line; thence N 32(Degree) 07'46" W a distance of 150.00 feet
to the point of beginning.
Said parcel contains 20925 square feet or 0.480 acres more or
less. Bearings for the above descriptions are based on an assumed
bearing of N 89(Degree) 55'00" W on the south right of way line
of Sampson Avenue.
Item 45302. Linton Electric Generating Plant, Office and Warehouse
ALL THAT PORTION of the joint station grounds of said Grantors at
Linton in the Southeast Quarter (SE1/4) of Section Seven (7),
Township One Hundred Thirty-two (132) North, Range Seventy-six
(76) West, Emmons County, North Dakota, which is described as
follows:
START at the point where the south line of Sampson Avenue
intersects the west line of Broadway produced south: thence west
along said south line of Sampson Avenue one hundred twenty-three
(123) feet to a point which is eight and five tenths (8.5) feet
easterly, measured at right angles, from the center line of said
Grantors' side track as the same is now there laid and operated;
thence southerly along a line parallel to and eight and five
tenths 8.5 feet easterly, measured at right angles, from said
center line and center line produced
southerly, ninety-three (93) feet; thence east parallel to the
south line of Sampson Avenue eight-six (86) feet to a point in
the west line of Broadway produced south; thence north along the
prolongation of said west line of Broadway eighty-two (82) feet
to the place of beginning, containing 8,569 square feet.
Item 45303. Linton 115KV Electric Substation
A tract of land lying in the Southwest Quarter of the Southwest
Quarter (SW1/4SW1/4) of Section Thirty Three (33), Township One
Hundred Thirty Three (133) North, Range Seventy Six (76) West of
the Fifth Principal Meridian, Emmons County, North Dakota, the
boundaries of which are described as follows, to-wit:
Beginning at the Southwest corner of said Section Thirty Three
(33), thence North along the West line of Section Thirty Three
(33), 1119.4 feet. Thence South 35(Degree)59' East, along the
Highway right-of-way, 817.0 feet; Thence South 54(Degree)01'
West, 30.0 Feet; Thence South 35(Degree)59' East, along the
Highway right-of-way, 550.1 feet to the South line of said
Section Thirty Three (33), Thence West along the South Section
line, to the point of beginning. Tract contains 10.19 acres, more
or less.
Item 45304. Linton Radio Tower
A tract of land in the Northeast Quarter (NE1/4) of Section
Nineteen (19), Township One Hundred Thirty-three (133) North,
Range Seventy-six (76) West of the Fifth Principal Meridian. Said
tract containing one acre more or less and being more
particularly described as follows:
Starting at the Section corner common to Sections Seventeen (17),
Eighteen (18), Nineteen (19) and Twenty (20), Township One
Hundred Thirty-three (133) North, Range Seventy-six (76) West,
Fifth Principal Meridian, Emmons County; thence along the section
line on an assumed bearing of West 0(Degree)00'00" a distance of
868.26 feet; thence South 03(Degree)45'00" East a distance of
232.28 feet which is the point of beginning; thence East
0(Degree)00'00" a distance of 135.05 feet; thence South
0(Degree)00'00" a distance of 208.71 feet; thence West a distance
of 208.71 feet; thence North 0(Degree)00'00" a distance of 208.71
feet; thence East 0(Degree)00'00" a distance of 73.66 feet to the
point of beginning.
Item 49116. Linton Town Border Station
That part of the Southeast Quarter of the Northeast Quarter of
Section 28, Township 133 North, Range 76 West, McCulley Township,
Emmons County, North Dakota, being more particularly described as
follows:
Commencing at the east quarter corner of said section, thence
North, assumed bearing, along the east line of said section, a
distance of 412.18 feet; thence West a distance of 99.00 feet to
a point on the west right-of-way line of former State Highway 83,
said point also being the Point of Beginning of this description;
thence continue West a distance of 330.00 feet; thence North,
parallel with said right-of-way line, a distance of 165.00 feet;
thence East a distance of 330.00 to said right-of-way line,
thence South, along said right-of-way line, a distance of 165.00
feet to the Point of Beginning.
Item 45305. Strasburg Electric Substation Site
Beginning at the Southwest Corner of Lot Six (6) of Block One (1)
of Dillman's Addition to Strasburg, North Dakota, thence East
along the South line of Lot Six (6) and Lot Five (5) a distance
of 50 feet, thence due North a distance of 65 feet, thence due
West to the West line of said Lot Six (6), thence Southeasterly
along the West line of said Lot Six (6) to point of beginning.
FOSTER COUNTY, NORTH DAKOTA
Item 45306. Carrington Office and Warehouse
The North One Hundred Six (106) Feet of Lots Five (5) and Six
(6), Block Twenty-nine (29), Original Townsite of the City of
Carrington and a permanent easement in and to the East Fifteen
(15) Feet of the South Thirty-four (34) Feet of Lot Six (6),
Block Twenty-nine (29), Original Townsite of the City of
Carrington, Foster County, North Dakota for the right of ingress
and egress to the said North One Hundred Six (106) Feet of Lots
Five (5) and Six (6), Block Twenty-nine (29), Original Townsite
of the City of Carrington, Foster County, North Dakota;
GOLDEN VALLEY, NORTH DAKOTA
Item 45307. Beach MDU-Golden West Substation
A tract of land 175 feet by 175 feet situated in the Northeast
Quarter (NE1/4) of Section Thirty-three (33), Township One
Hundred Forty (140), North, Range One Hundred Five (105) West and
more particularly described as follows:
Beginning at the Northeast Corner of said Section 33, thence West
for a distance of 175 feet, thence at right angles and South for
a distance of 175 feet, thence at right angles and East for a
distance of 175 feet, thence at right angles and North for a
distance of 175 feet back to the point of beginning.
Item 45310. Beach Substation
Lots Eleven (11) and Twelve (12) in Block Nine (9), Near's First
Addition to the City of Beach, North Dakota,
Item 45311. Sentinel Butte Substation
The east one hundred fifty (150) feet of the south one hundred
fifty (150) feet of the Southeast Quarter of the Southeast
Quarter (SE1/4SE1/4) of Section Thirty (30), Township One Hundred
Forty (140) North, Range One Hundred Four (104) West of the 5th
P.M.; said tract containing .5175 of an acre, more or less.
Excepting and reserving unto Grantor all oil, gas, coal and other
minerals.
GRANT COUNTY, NORTH DAKOTA
Item 45312. Carson Electric Substation
A tract of land lying in the Northwest Quarter (NW1/4) of Section
Twenty-four (24), Township One Hundred Thirty-four (134) North,
Range Eighty-seven West, of the 5th P.M., Grant County, North
Dakota, and described as follows:
Commencing at a point of beginning which is west 862.9 feet, and
south 33 feet of the NE corner of said NW1/4 of Section 24,
thence due south a distance of 40 feet, thence due west a
distance of 60 feet, thence due north a distance of 40 feet,
thence due east and parallel to the north and 33 feet south of
Section line of Section 24, a distance of 60 feet to the point of
beginning. Said tract contains .055 acres, more or less.
Item 49117. Carson Distribution Substation
A tract of land located in the Northeast Quarter (NE1/4) of
Section 13, Township 135 North, Range 87 West, Grant County,
North Dakota, said tract being more fully being described as
follows:
Beginning at the East Quarter Corner of said Section 13; thence
west along the south line of said NE1/4 a distance of 200 feet;
thence north along a line parallel with the east line of the
NE1/4 of said Section 13 a distance of 217.8 feet; thence east
along a line parallel with the south line of the NE1/4 of said
Section 13 a distance of 200 feet; thence south along the east
line of said NE1/4 of Section 13 a distance of 217.8 feet to the
point of beginning. Said tract contains 1.0 acre, more or less.
Item 45313. Elgin Electric Substation
Southeast Quarter (SE1/4) of Section Twenty-one (21) in Township
One Hundred Thirty-four (134) North, of Range Eighty-nine West of
the 5th P.M., in Grant County, North Dakota, bounded by and
inclosed within a line beginning at a point nine hundred
forty-eight and two-tenths (948.2) feet North and thirty-three
(33) feet West of the Southeast corner of said Section Twenty-one
(21); thence North, parallel with the East section line of said
Section Twenty-one (21), three hundred (300) feet; thence South,
thirty-three degrees and forty minutes (33(Degree) 40') West,
three hundred sixty-eight and six-tenths (368.6) feet; thence
North eighty-eight degrees
and four minutes (88(Degree) 04') East, along the four degree
(4(Degree) 00') Highway curve to the right, two hundred three and
seven-tenths (203.7) feet, to the point of beginning.
Item 45314. Elgin Substation
A tract of land in the Northeast Quarter (NE1/4) of Section
Twenty-two (22), Township One Hundred Thirty-four (134) North,
Range Eighty-nine (89) West, said tract of land being located in
Lots 11 and 12 of the Minnie Subdivision to Elgin, North Dakota,
and being more particularly described as follows:
Commencing at a point on the south line of the NE1/4 of said
Section 22, which point is 1855 feet west of the southeast corner
of said NE1/4; thence due north 200 feet to the TRUE POINT OF
BEGINNING; thence continuing due north, along the west line of
said Lot 11, 100 feet to a point on the north line of said Lot
11, thence due east at right angles a distance of 100 feet,
thence due south at right angles a distance of 50 feet, thence
due west 25 feet, thence due south 50 feet, thence due west 75
feet to the point of beginning.
Item 45315. Heil Electric Substation
Northeast Quarter (NE1/4) of Section Twenty-three (23) in
Township One Hundred Thirty-four (134) North, of Range
Eighty-eight (88) West of the 5th P.M., in Grant County, North
Dakota, bounded by and inclosed within a line beginning at a
point thirty-three (33) feet South and thirty-three (33) feet
West of the Northeast corner of said Section Twenty-three (23);
thence West, parallel with the North section line of said Section
Twenty-three (23), seventy-five (75) feet; thence South, parallel
with the East section line of said Section Twenty-three (23),
fifty (50) feet; thence East, parallel with the North section
line of said Section Twenty-three (23), seventy-five (75) feet;
and thence North, parallel with the East section line of said
Section Twenty-three (23), fifty (50) feet, to the point of
beginning.
Item 45316. New Leipzig Electric Substation
Northeast Quarter (NE1/4) of Section thirty-five (35) in Township
One Hundred Thirty-four (134) North of Range Ninety (90) West of
the 5th P.M. in Grant County, North Dakota, more particularly
described as follows: beginning at a point Two Thousand Four
Hundred and Three and Seven tenths (2403.7') South and Two
Hundred and Seventy-two and Eight Tenths (272.8') West of the
Northeast corner of said Section thirty-five (35); thence North
Twenty Degrees and Fifty-two Minutes (20(Degree)52') West, fifty
feet (50); thence South Sixty Nine degrees and Eight Minutes
West, (69(Degree)08') Fifty (50) feet; thence South Twenty
Degrees and Fifty-two Minutes (20(Degree)52') East, Fifty (50)
feet; thence North Sixty-nine Degrees and Eight Minutes
(69(Degree),08') East, Fifty (50) Feet to the point of beginning.
Item 45317. New Leipzig Electric Substation
A tract of land in the SE1/4NE1/4 of Section 35, Township 134
North, Range 90 West of the 5th P.M., Grant County, North Dakota,
more particularly described as follows, to wit:
Beginning at a point 2405.99 feet south and 272.8 feet west of
the northeast corner of said Section 35 (Base Bearing East Line
NE1/4 Section 35), said point of beginning being on the northerly
100 foot right-of-way line of State Highway No. 21; thence
southwesterly along a 0(Degree)11'57.5" curve to the left along
said highway right-of-way line on a Long Chord bearing of South
71(Degree)20' West a distance of 140 feet; thence northerly on a
bearing of North 20(Degree)52' West a distance of 100 feet;
thence northeasterly on a bearing of North 71(Degree)20' East a
distance of 140 feet; thence southeasterly on a bearing of South
20(Degree)52' East a distance of 100 feet to the Point of
Beginning. This tract incorporates a previous Warranty Deed dated
5 December 1949 between Otto Dubs and Montana-Dakota Utilities,
said tract being a 50 ft. x 50 ft. tract.
HETTINGER COUNTY, NORTH DAKOTA
Item 45318. Mott Gas Regulator Station
A parcel of land situated in Lot Nine (9), Block Six (6), Mott
Original Townsite, Mott, North Dakota, being more particularly
described as follows: Commencing at the northeast corner of said
Lot Nine (9), Thence running south parallel to the east boundary
of said Lot Nine (9), a distance of twelve (12) feet; thence west
at right angles a distance of Twenty (20) feet; thence north at
right angles a distance of twelve (12) feet; thence east at right
angles a distance of twenty (20) feet to the place of beginning,
and containing two hundred forty (240) square feet.
Item 45319. Mott Electric Substation
Beginning at a point 313' East and 75' North of the southwest
corner of Section 36, Township 134 North, Range 93 West, thence
30' East and parallel with the south section line of said Section
36, thence north at right angles, a distance of 50', thence west
at right angles, a distance of 30', thence south at right angles,
a distance of 50' to the point of beginning.
Item 45320. Mott Gas Regulator Station
A parcel of land situated in Lot Three (3), Block Twenty-seven
(27), of the Original Townsite of the City of Mott, North Dakota,
more particularly described as follows:
Beginning at a point formed by the intersection of the South and
West boundary line of said Lot Three (3) and constituting the
Southwest corner of said lot; thence East at right angles along
the South boundary of said lot a distance of Twenty (20) feet;
thence North at right angles a distance of Twelve (12) feet;
thence West at right angles a distance of Twenty (20) feet to the
West boundary line of said Lot Three (3); thence South at right
angles along the West boundary line of said lot to the point of
beginning, consisting of two hundred and forty (240) square feet.
Item 45321. New England Electric Substation
A plot of ground lying in the Southwest Quarter of the Southwest
Quarter (SW1/4SW1/4) of Section Thirty-four (34),
Township One Hundred Thirty-six (136) North, Range Ninety-seven
(97) West, Hettinger County, North Dakota, more particularly
described as follows: Beginning at a point on the North R/W line
of Highway No. 22 which point is located 231 feet North and 33
feet East of the Southwest corner of Section Thirty-four (34),
Township One Hundred Thirty-six (136) North, Range Ninety-seven
(97) West, thence North a distance of 75 feet, thence East a
distance of 50 feet, thence South a distance of 73 feet, more or
less to the North R/W line of Highway No. 22, thence West along
the R/W line to point of beginning. Said plot of land contains
3,700 square feet, more or less, Hettinger County, North Dakota.
Item 45322. New England Gas Regulator Station
A parcel of land situated in Lot One (1) of Block Eleven (11) of
the Milwaukee Land Company's First Addition to New England, North
Dakota, and being more particularly described as follows:
Beginning at the Southwest corner of said Lot One (1); thence
North a distance of twelve (12) feet along West boundary of said
Lot One (1); thence East at right angles a distance of twenty
(20) feet; thence South at right angles a distance of twelve (12)
feet; thence West along South boundary of said Lot One (1) a
distance of twenty (20) feet to the point of beginning; said
parcel containing 240 square feet.
Item 45323. New England Electric Substation
Township 136 North, Range 97 West
Section 35: NE1/4NE1/4NW1/4
Item 45324. New England Office
The east eighty feet (E. 80 ft.) of Lot Sixteen (16) in Block
Fourteen (14) of Milwaukee Land Company's First Addition to the
Townsite of New England, North Dakota, and the east eighty feet
(E. 80 ft.), less the east fifty feet (E. 50 ft.), of Lots
Seventeen (17) and Eighteen (18) in Block Fourteen (14) of
Milwaukee Land Company's First Addition to the Townsite of New
England, North Dakota, the east fifty feet (E. 50 ft.) of said
Lots Seventeen (17) and Eighteen (18) in Block Fourteen (14)
having been previously conveyed to Northwestern Bell Telephone
Company, a corporation.
Item 45325. Regent Electric Substation
Beginning at a point One Thousand ninety-four and Nine-tenths
(1094.9) feet South and Two Hundred Sixteen and Two-tenths
(216.2) feet West of the Northeast (NE) corner of Section
Thirteen (13) in Township One Hundred Thirty-Four (134) North of
Range Ninety-five (95) West of the 5th Principal Meridian, thence
North 57(Degree)25' West a distance of fifty (50) feet, thence
South 32(Degree)35' West a distance of Fifty (50) feet, thence
South 57(Degree)25' East a distance of Fifty (50) feet, thence
North 32(Degree)35' East a distance of Fifty (50) feet to the
point of beginning; said tract or parcel of land to be used by
said party of the second part, its successors and assigns, as a
substation site and when the same is no longer used for such
purpose and is abandoned, said tract or parcel of land will
revert back to the parties of the first part, their heirs and
assigns.
Item 45326. Regent Substation Addition
Beginning at a point 1094.9 feet South and 216.2 feet West of the
Northeast Corner of Section 13, Township 134N, Range 95W of the
Fifth Principal Meridian, thence North 57(Degree)25' West a
distance of 50 feet to the True Point of Beginning, thence North
57(Degree)25' West a distance of 20 feet, thence South
32(Degree)35' West a distance of 50 feet, thence South
57(Degree)25' East a distance of 20 feet, thence North
32(Degree)35' East a distance of 50 feet to the True Point of
Beginning.
Said tract or parcel of land is to be used by said party of the
second part, its successor and assigns, as a substation site, and
when the same is no longer used for such purpose and is
abandoned, said tract or parcel of land will revert back to the
parties of the first part, their heirs and assigns.
KIDDER COUNTY, NORTH DAKOTA
Item 45327. Dawson Electric Substation
The East Fifty (E. 50) feet of Lots One (1) and Two (2) of Block
Twenty-nine (29) of Division "B" of the Village of Dawson, in
Kidder County, North Dakota.
Item 45328. Steele Electric Substation
Lots One (1), Two (2), Three (3), Twenty-two (22), Twenty-three
(23) and Twenty-four (24), in Block One (1) of the Re-Survey of
the City of Steele, in said county and state, according to the
plat thereof on record in the office of the Register of Deeds of
Kidder County, North Dakota.
Item 45329. Tappen Electric Substation
That part of Lot Eleven (11) of Billington Addition to Tappen,
North Dakota, located in the W1/2, W1/2 of S.W.1/4 of Section Ten
(10), Township 139 North, Range 71 West, described as:
Commencing at a point 3342.5 feet due south and 40 feet east at
90(Degree) to the North South section line, of the N.W. corner of
Section 10, Township 139 N., Range 71 W., of the 5th P.M. in the
County of Kidder and the State of North Dakota, thence due east a
distance of 50 feet, thence due south at 90(Degree) a distance of
50 feet, thence due west at 90(Degree) a distance of 50 feet,
thence due north at 90(Degree) a distance of 50 feet to the point
of beginning - containing .0575 acres.
Item 49118. Tappen Substation
A parcel of land situated in the Northeast Quarter of the
Southeast Quarter (NE4SE4)of Section Nine(9), T-139N., R-71W., of
the 5th P.M., Kidder County, North Dakota, more particularly
described as follows;
Commencing at the southeast corner of the Southeast Quarter of
said Section Nine (9); thence north along the esat section line
of said Section Nine (9), a distance of One Thousand Eight
Hundred Fifty-eight (1858) feet; thence at a 90(Degree) angle
west, a distance of One Hundred Sixty (160) feet to the true
point of beginning; thence at a 90(Degree) angle north and
parallel to the east section line of said Section Nine (9), a
distance of One Hundred Fifty (150) feet; thence at a 90(Degree)
angle east, a distance of One Hundred (100) feet; thence at a
90(Degree) angle south and parallel to the east section line of
said Section Nine (9), a distance of One Hundred Fifty (150)
feet; thence at a 90(Degree) angle west, a distance of One
Hundred (100) feet to the true true point of beginning. Said
parcel contains 0.344 Acres or less, as depicted on the
Certificate of Survey.
LA MOURE COUNTY, NORTH DAKOTA
Item 45330. Kulm Substation Site
A parcel of land situated in the Southeast Quarter of the
Southwest Quarter (SE1/4SW1/4) of Section Twenty-six (26),
Township One Hundred Thirty-three (133) North, Range Sixty-six
(66) West, said parcel being part of Swimming Pool Addition to
the City of Kulm, North Dakota, more fully described as follows:
Beginning at a point located on the East property line of Third
Avenue Southeast, Kulm, North Dakota, as now established, being
140 feet Northerly of the South line of said Section 26, thence
East along a line parallel to the South line of said Section 26 a
distance of 225 feet to the true point of beginning, thence East
a distance of 85 feet, thence South a distance of 100 feet,
thence West a distance of 85 feet, thence North a distance of 100
feet to the true point of beginning.
LOGAN COUNTY, NORTH DAKOTA
Item 45331. Burnstad Substation Site
A tract of land lying in the Northeast Quarter (NE1/4) of Section
Thirty-two (32), Township One Hundred Thirty-four (134) North,
Range Seventy-one (71) West of the Fifth Principal Meridian, the
boundaries of which are described as follows:
Beginning at a point located 1,696.5 feet west and 33 feet south
of the northeast corner of Section 32, thence south a distance of
50 feet to a point; thence west a distance of 50 feet to a point;
thence north a distance of 50 feet to a point; thence east a
distance of 50 feet to the point of beginning. Tract contains
0.057 acres more or less, according to the survey thereof.
Item 45332. Fredonia Electric Substation
A tract of land lying in the Northeast Quarter of the Northeast
Quarter (NE1/4NE1/4) of Section Twenty-seven (27), Township One
Hundred Thirty-three (133) North, Range Sixty-seven (67) West,
particularly described as follows:
Commencing at a point which is 90 feet South and 33 feet West of
the Northeast corner of said Section 27; thence due South a
distance of 50 feet to a point; thence due West a distance of 94
feet to a point; thence due North a distance of 50 feet to a
point; thence due East a distance of 94 feet to the point of
beginning, containing 0.11 acres, more or less.
Item 45334. Napoleon Electric Substation
The east fifty feet of Lot Eleven and the East fifty feet of Lot
Twelve, all in Block Forty-six of the Original Townsite of the
Village of Napoleon, Logan County, No. Dakota. Being a plot of
ground 50 feet by 50 feet.
McINTOSH COUNTY, NORTH DAKOTA
Item 45333. Lehr Electric Substation
That part of the Southwest Quarter (SW1/4) of Section Five (5),
Township One Hundred Thirty-two (132) North, Range Sixty-nine
(69) Westof the 5th Principal Meridian, bounded and being within
the following described traverse: Beginning at a point on the
North-South quarter section line and 723.6 feet South of the
center of said Section 5 and on the North right of way line of
State Highway 13, thence Southwesterly along the North right of
way line of State Highway 13 on a 4(Degree) curve a distance of
178.7 feet to a point, thence due North a distance of 68.2 feet
to a point, thence due East a distance of 170.3 feet to the point
of beginning, said tract containing .137 acre, more or less.
Item 45335. Ashley Substation Site
Tract of land 100' x 100' in the
SW1/4SW1/4 Sec 30-130N-69W
Item 45337. Venturia Substation Site
A tract of land lying in the Southeast Quarter of the Southeast
Quarter (SE1/4SE1/4) of Section Nine (9), Township 129 North,
Range 71 West, McIntosh County, North Dakota, more particularly
described as follows:
Beginning at a point 260 feet North and 33 feet West of the
Southeast Corner of the SE1/4SE1/4 of said Section 9, thence West
a distance of 100 feet, thence North a distance of 100 feet,
thence East a distance of 100 feet, thence South a distance of
100 feet to the point of beginning.
Item 45338. Wishek Electric Substation
A parcel of land situated in the West Half of the Southwest
Quarter of the Southeast Quarter (W1/2SW1/4SE1/4) Section Eight
(8), Township One Hundred Thirty Two (132) North, Range
Seventy-One (71) West of the Fifth Principal Meridian, McIntosh
County, North Dakota, being more particularly described as
follows:
Commencing at the South Quarter Corner of said Section Eight (8),
thence North along the mid-section line a distance of
100 feet to the TRUE POINT OF BEGINNING; Thence continuing north
along the mid-section line a distance of 660 feet to a point;
thence at right angles east parallel with the South Section Line
a distance of 660 feet to a point; thence at right angles south
parallel with the mid-section line a distance of 660 feet to a
point that is 100 feet north from the South Section Line; thence
at right angles west parallel with the South Section Line for a
distance of 660 feet, back to the TRUE POINT OF BEGINNING. Said
tract containing 10.0 acres, more or less.
McKENZIE COUNTY, NORTH DAKOTA
Item 45340. Watford City Warehouse
Beginning at a point one thousand seventy-six feet (1,076 ft.)
west of the East Quarter Corner of Section Twenty-four (24)
Township One Hundred Fifty North (T150N) Range Ninety-Nine West
(R99W), thence West fifty-five and five-tenths feet (55.5 ft.),
thence North one hundred forty-six and two-tenths feet (146.2
ft.) to the Great Northern right-of-way, thence North nine
degrees forty minutes (9(Degree)40') East along the Great
Northern right-of-way, a distance of thirty-seven and six-tenths
feet (37.6 ft.) more or less, thence South seven degrees zero
minutes (7(Degree)0') East, a distance of one hundred fifty-two
feet (152 ft.) to the point of beginning; all in Lot Four (4)
Block Ten (10) of the Sax's Addition to Watford City; and the
East twelve feet (12 ft.) of Lot Three (3) Block Ten (10) of the
Sax's Addition to Watford City, according to the map or plat
thereof on record and filed in the office of the Register of
Deeds, subject to the exceptions and reservations in the patent
recorded in Book 15 of Deeds at Page 224.
Item 45341. Watford City Electric Substation
A tract of land in the Southeast Quarter of the Southwest Quarter
(SE1/4SW1/4) of Section Eighteen (18), Township One Hundred Fifty
(150) North, Range Ninety-eight (98) West of the 5th Principal
Meridian. Said tract being more particularly described as
follows:
Beginning at a point 2,229.58 feet East and 455.0 feet North of
the Southwest Corner of said Section 18; thence North a distance
of 79.77 feet to a point; thence West a distance of 90 feet to a
point; thence South 79.77 feet to a point; thence East a distance
of 90.0 feet to the point of beginning.
Item 45342. South Watford City Substation
That portion of the Southeast Quarter (SE1/4) of Section
Twenty-four (24), Township One Hundred Fifty (150) North, Range
Ninety-nine (99) West of the Fifth Principal Meridian described
as follows:
Beginning at a point 1,076 feet west of the east Quarter corner
of said Section 24, which is the true point of beginning, thence
south 50 feet; thence west 144 feet; thence north 50 feet;
thence east 144 feet to the point of beginning.
Item 45343. Watford City Office Building
Lot Six (6) of Block Eight (8) of Original Townsite of Watford,
now Watford City, according to the map or plat on file and of
record in the office of the Register of Deeds in and for McKenzie
County, North Dakota.
Item 49119. Watford City Distribution Substation
Parcel No. 11A-2. The east 50.0 ft. of Lot 2, Block 6, and Lot 1,
Block 6 (except the east 50.0 ft.) Sax Addition to the city of
Watford City, North Dakota, lying in the NE1/4of Sec. 24, Twp.
150 N., Rge. 99 W., 5th P.M., excepting a strip of land 170.0 ft.
wide lying on the southerly side of the following-described
highway centerline as surveyed and staked over and across said
NE1/4, said strip and centerline begin on the west line of said
NE1/4 where said centerline is located 474.12 ft. north of the
southwest corner of said NE1/4, thence running N80(Degree)06'26"E
a distance of 839.57 ft., thence along a 300.0 ft. spiral of a
1(Degree)30' curve to the right a distance of 300.0 ft., thence
along a 1(Degree)30' curve to the right a distance of 349.56 ft.,
thence along a 300.0 ft. spiral of a 1(Degree)30' curve to the
right until said strip crosses the east line of said Lot 1, Block
6 (except the east 50.0 ft.). Tract is shown on the plat as
Parcel No. 11A-2 and contains 0.218 acres (9,496 sq. ft.).
MERCER COUNTY, NORTH DAKOTA
Item 50104. Beulah Spray Pond
The North 150' of Parcel "A" of Lot 14 of Juzelers Second
Addition to the City of Beulah. This lot is in the SE1/4 , Sec 25
T144N, R88W in the City of Beulah.
Item 45346. Beulah Plant Access Road
A strip of land situated in the Southwest Quarter (SW1/4) of the
Northwest Quarter (NW1/4) of Section Thirty (30) Township One
Hundred Forty-four North (144N), Range Eighty-seven West (87W),
bounded and described as follows,- beginning at a point 412'
north of the West Quarter corner of said Section Thirty (30)
Township One Hundred Forty-four (144) Range Eighty-seven (87),
said point being on the North right-of-way line of the Northern
Pacific Railway Co. and the north and south section line of said
Section 30, thence running northeasterly and parallel along said
right-of-way line of the Northern Pacific Railway Co. 1335',
thence north 60', thence running in a southwesterly direction
1335' to the North and South section line of said Section 30,
thence south 60' to the point of beginning, said strip of land
containing 1.83 acres, more or less.
Item 45347. Beulah Plant Access Road
A strip of land situated in the Southeast Quarter (SE1/4) of the
Northwest Quarter (NW1/4) of Section Thirty (30) Township One
Hundred Forty-Four North (144N) Range Eighty-seven West (87W),
bounded and described as follows,- commencing at a point 412'
north of the west quarter corner of Section 30, Township 144,
Range 87, said point being on the north right-of-way line of the
Northern Pacific Railway Co. and the north
and south section line of said Section 30, thence running
northeasterly and parallel along said right-of-way line of the
Northern Pacific Railway Co., a distance of 1335' to point of
beginning of the land to be described which point of beginning is
on the north and south quarter line of the Southeast Quarter
(SE1/4) of the Northwest Quarter (NW1/4) of Said Section 30, and
the north right-of-way line of the Northern Pacific Railway Co.;
continuing said line running northeasterly and parallel along
said right-of-way line of the Northern Pacific Railway Co. from
the point of beginning for a distance of 585', thence north 60',
thence running in a southwesterly direction 585' to the north and
south quarter line of the Southeast Quarter (SE1/4) of the
Northwest Quarter (NW1/4) of said Section 30, thence south 60' to
the point of beginning of the land herein described situated in
the Southeast Quarter (SE1/4) of the Northwest Quarter (NW1/4) of
Section 30, Township 144, Range 87, said strip of land containing
0.82 acres more or less.
Item 45348. Beulah Electric Substation
A tract of land lying in Lot One (1) in the Northwest Quarter
(NW1/4) of Section Thirty (30), Township One Hundred Forty-four
(144) North, Range Eighty-seven (87) West of the Fifth Principal
Meridian in the County of Mercer, State of North Dakota, the
boundaries of which are described as follows:
Beginning at a point on the Section line common to Sections
Thirty (30) and Nineteen (19), 644 feet East of the North West
corner of Section Thirty (30), thence 556 feet in an easterly
direction along the Section line, thence 625 feet south parallel
to the west section line, thence 1200 feet west, parallel the
north section line to a point on the Section line common to
Section Twenty-Five (25) and Thirty (30), 625 feet south of the
Northwest (NW) corner of Section Thirty (30), thence 897.5 feet
in a north easterly direction to the point of beginning. Tract
contains a total of 12.6 acres, more or less.
Item 45350. Beulah Substation
A tract of land located in the NW1/4NW1/4 of Section 25, Township
144 North, Range 88 West, described by metes and bounds as
follows: Beginning at a point 330 feet east and 33 feet south of
the northwest section corner of said Section 25, said point being
on the east line of said unplatted lots, thence east 75 feet,
thence south 150 feet, thence west 75 feet, thence north 150 feet
to the point of beginning.
Item 45353. Beulah Substation Site
A tract of land situated in the NE1/4 of Section 25, Township 144
North, Range 88 West, Mercer County, North Dakota, being more
particularly described as follows:
Commencing at the northeast corner of the Eagles property (said
point bears S51(Degree)16'30"W a distance of 2342.9 feet from the
northeast corner of said Section 25), thence South along the east
line of said Eagles property a distance of 200.0 feet to the
point of beginning:
thence East a distance of 150.0 feet;
thence South a distance of 150.0 feet;
thence West a distance of 150.0 feet;
thence North a distance of 150.0 feet to the point of
beginning.
Item 45354. Coyote Plant Pipeline
The West Two Hundred Twenty (220) feet of Government Lot Six (6)
in Section Sixteen (16), Township One Hundred Forty-four (144)
North of Range Eighty-four (84) West.
Item 45355. Coyote Power Plant
The Northwest Quarter of the Northwest quarter (NW1/4NW1/4)
Section Ten (10), the West Half (W1/2) and the North Half of the
Northeast Quarter (N1/2NE1/4) of Section Nine (9), the Southeast
Quarter (SE1/4) and the South Half of the Northeast Quarter
(S1/2NE1/4) of Section Four (4) and all of Section Three (3)
except a tract beginning at the Southeast corner of said Section
Three (3), thence 90(Degree) west along the south line of said
Section Three (3) a distance of 3,250 feet to a point, thence
North 56(Degree)39'27" east a distance of 1,834.52 to a point;
thence South 62(Degree)40'45" east a distance of 1,934 feet to a
point on the east line of Section Three (3); thence South
0(Degree)23'30" west along the east line of Section Three (3) a
distance of 120.68 feet to the point of beginning; all of the
above property being situated in Township One Hundred Forty-three
(143) North,
Range Eighty-eight (88) West; containing One Thousand Two Hundred
Eighty (1,280) acres, more or less; subject to and excepting
therefrom a tract of land conveyed for railroad purposes to the
Northern Pacific Railway Company by Deed dated August 8, 1961,
filed in Book 51 of Deeds, page 206, as Document No. 82186.
Item 45356. Coyote Plant Area
A tract of land situated in the Southeast Quarter of the
Southeast Quarter (SE1/4SE1/4) of Section Two (2), Township 143
North, Range 88 West, being more particularly described as
follows:
All of the Southeast Quarter of the Southeast Quarter
(SE1/4SE1/4) of Section 2, except the North 200 feet. Said tract
containing 33.94 acres, more or less.
and
That part of the Southeast Quarter (SE1/4), Section Eleven (11),
Township 143 North, Range 88 West, Mercer County, North Dakota,
being more particularly described as follows:
Beginning at the center of said Section Eleven; thence
S89(Degree)49'58"E along the north line of said Southeast Quarter
a distance of 225.00; thence S29(Degree)19'27"W a distance of
458.03 to a point on the west line of said Southeast Quarter;
thence N0(Degree)05'49"W along said west line a distance of
400.00 feet to the point of beginning. The above described tract
contains 1.03 acres, more or less.
A parcel of land located in the East half (E1/2) of the Southeast
Quarter (SE1/4) of Section 10, Township 143 North, Range 88 West,
of the Fifth Principal Meridian, Mercer County, North Dakota,
being more particularly described as follows:
Beginning at the Southeast Corner of said Section 10; thence
N89(Degree)08'33"W along the South line of said Section 10, a
distance of 290.05 feet; thence N12(Degree)17'40"W a distance of
919.91 feet to the true point of beginning; thence continuing
N12(Degree)17'40"W a distance of 1237.60 feet to a point on a
curve; thence from a tangent bearing of S34(Degree)44'26"E and
running along a 7(Degree)11'50" curve to the right, with a radius
of 796.10 feet, through a delta of 21(Degree)35'27", for a
distance of 299.99 feet to the point of tangency; thence
S13(Degree)09'00"E a distance of
626.12 feet; thence S7(Degree)56'58"E a distance of 99.97 feet;
thence S6(Degree)03'23"E a distance of 194.95 feet; thence
S45(Degree)12'46"W a distance of 48.39 feet, plus or minus to the
point of beginning. Said parcel contains 1.52 acres, more or
less. Bearings for the above description were deflected from an
assumed bearing of N89(Degree)08'33"W along the South line of
said Section 10.
Item 45357. Coyote Property
The S1/2 of Section 1, Township 143 North, Range 88 West,
containing 316 acres, more or less.
Two tracts of land containing a total of 42.54 acres, more or
less, located in the E1/2 of Section 2, Township 143 North, Range
88 West, Mercer County, North Dakota, more particularly described
as follows:
Beginning at a point located on the half line common to the NE1/4
and SE1/4, 1120 feet west of the northeast corner of the SE1/4 of
Section 2, Township 143, Range 88; thence 1365.6 feet
southeasterly to a point located 1320 feet south and 770 feet
west of the northeast corner of the SE1/4 of said section; thence
550 feet west; thence 2640 feet north; thence 900 feet east;
thence 620 feet south; thence 700 feet west; thence 700 feet
south to the point of beginning; said tract containing 27.39
acres, more or less.
Beginning at the southwest corner of the SE1/4 of Section 2,
Township 143, Range 88; thence 1320 feet north along the half
line; thence 500 feet east; thence 1320 feet south; thence 500
feet west along the south section line to the point of beginning;
said tract containing 15.15 acres, more or less.
The N1/2NE1/4 and SE1/4NE1/4 of Section 10, Township 143 North,
Range 88 West, less the three tracts described as follows:
A strip of land 250 feet wide extending across the E1/2NE1/4 of
Section 10-143-88, being 125 feet wide on either side of the
following-described centerline, commencing at the northeast
corner of said Section 10; thence westerly along the north line
of Section 10, a distance of 1027.1 feet to the true point of
beginning; thence southwesterly turning an angle to the left of
80(Degree)12' making a straight line a distance of 378.11 feet to
a point of curve; thence along a 5(Degree)00' curve to the left
having a
central angle of 22(Degree)06', a distance of 442.06 feet to a
point of tangent; thence southeasterly along a straight line,
tangent to the last-described curve at the last-described point,
a distance of 1829 feet, more or less, to the point of
intersection with the south line of the E1/2NE1/4 of said Section
10-143-88, containing 15.49 acres more or less, in Mercer County,
North Dakota.
Beginning at the southeast corner of the NE1/4 of Section 10;
thence due west along the south line of the E1/2NE1/4 of said
Section 10, a distance of 564.26 feet to a point of intersection
with the north boundary of the Knife River Coal Mining Company
railroad right-of-way; thence on a bearing of N.12(Degree)18'W.
along said boundary line a distance of 307.05 feet; thence due
east a distance of 629.67 feet to the intersection of the east
section line of Section 10; thence south along said section line
a distance of 300.00 feet to the point of beginning, of Section
10-143-88, containing 4.56 acres, more or less, according to the
United States Government Survey thereof.
Beginning at the northeast corner of the NE1/4 of said Section
10, thence westerly along the north line of said Section 10 a
distance of 902.1 feet; thence southerly along a line 125 feet
east of a centerline described as follows:
Commencing at the northeast corner of said Section 10; thence
westerly along the north line of said Section 10 a distance of
1027.1 feet to the true point of beginning of said centerline;
thence southwesterly turning an angle to the left of
80(Degree)12', along a straight line a distance of 378.11 feet to
a point of curve; thence along a 5(Degree)00' curve to the left
having a central angle of 22(Degree)06' a distance of 442 feet to
a point of tangent; thence southeasterly along a straight line
tangent to the last-described curve at the last-described point,
a distance of 1559 feet, more or less, to a point located 300
feet north and 755.14 feet west of the southeast corner of the
NE1/4 of said Section 10; thence easterly 629.67 feet to the east
section line of said Section 10; thence northerly along the east
line of said Section 10 to the point of beginning, containing
46.43 acres, more or less.
A tract of land situated in the SW1/4 of Section 12, Township 143
North, Range 88 West of the 5th P.M., except the
following-described real estate:
Beginning at the southwest corner of the SW1/4 of Section 12,
Township 143 North, Range 88 West; thence east 424 feet; thence
north 265 feet; thence west 324 feet; thence north 2375+/- feet
to the east-west quarterline; thence west along the quarter line
100 feet to the section line; thence south along the section line
2640+/- feet to the point of beginning, said tract containing
8.03 acres, more or less,
AND
A tract of land situated in the SW1/4 of Section 12, Township 143
North, Range 88 West, Mercer County, North Dakota, for the
purpose of a roadway, being more particularly described as
follows:
A tract of land lying between parallel lines 200 feet apart,
being 100 feet on each side when measured at right angles to the
following centerline of tract:
Beginning at a point which bears N25(Degree)58'45.8"E a distance
of 2625.28 feet from the southwest corner of said Section 12;
thence N55(Degree)00'28.8"E a distance of 488.26 feet. The
heretofore-described tract of land containing 2.24 acres, more or
less,
AND
A tract of land situated in the SW1/4 of Section 12, Township 143
North, Range 88 West, Mercer County, North Dakota, for the
purpose of a roadway, being more particularly described as
follows:
A tract of land lying between parallel right-of-way lines 200
feet apart, being 100 feet on each side when measured at right
angles or radially to the following-described centerline of
tract:
Beginning at a point which is on the west line of said Section
12, and bears north a distance of 2440 feet from the southwest
corner of said Section 12; thence N89(Degree)09'11.9"E a distance
of 615 feet to the point of beginning of a circular curve to the
right, the radius of which is 1097.9 feet; thence along said
curve through a central angle of 40(Degree)02'11" a distance of
767.18 feet to the point of termination of said curve; thence
S51(Degree)22'28.2"E a distance of 580.60 feet to the point of
beginning of a circular curve to the left, the radius of which
1737.4 feet; thence along said curve through a central angle of
21(Degree)11'26.2" a distance of 642.57 feet to the point of
termination of said curve; thence S72(Degree)33'54.4"E a distance
of 309.10 feet to a point on the east line of said SE1/4 of
Section 12. The heretofore-described tract of land containing
13.38 acres, more or less,
AND
That part of the SW1/4 of Section 12, Township 143 North, Range
88 West, Mercer County, North Dakota, described as follows:
All of said SW1/4 lying North of Tract "H", and excepting Tract
"G", as described on Document #104637, recorded in the Office of
the Register of Deeds, Mercer County, in Book 70 of Deeds, on
Page 335. The above-described tract containing 25.7 acres, more
or less.
Township 143 North, Range 88 West of the 5th P.M.
-------------------------------------------------
Section 2: SW1/4
Section 11: N1/2 and
A tract of land located in the SW1/4 of Section 11, more
particularly described as follows:
Beginning at the NE corner of the SW1/4, thence south along
the east quarter line 780 feet; thence S75(Degree)41'59"W a
distance of 560.33 feet; thence N85(Degree)10'10"W a
distance of 1634.8 feet; thence northwesterly a distance of
739.4 feet to a point on the west quarter line 210 feet
south of the NW corner of the SW1/4; thence north along the
west quarter line a distance of 210 feet to the NW corner of
the SW1/4; thence east 2640.00 feet, plus or minus, along
the N quarter line of the SW1/4 to the point of beginning,
except the following- described real estate:
That part of the W1/2 of Section 11, Township 143N, Range
88W, Mercer County, North Dakota, being more particularly
described as follows:
Beginning at the west quarter corner of said Section 11;
thence N00(Degree)11'36"W along the west line of said
section, a distance of 600.0 feet; thence S26(Degree)42'08"E
a distance of 672.5 feet to a point on the east-west
centerline of said section; thence S26(Degree)49'23"E a
distance of 901.6 feet to a point on the southerly boundary
of the original Tract "J"; thence N85(Degree)26'27"W
along said southerly boundary a distance of 240.0 feet;
thence N39(Degree)00'30"W continuing along said southerly
boundary a distance of 741.8 feet to a point on the west
line of said section; thence N00(Degree)1'36"W a distance of
210.0 feet to the original point of beginning. The above
described tract contains 8.0 acres, more or less.
AND
A tract of land situated in the N1/2 of the NW1/4 of the
NW1/4 of Section 11, Township 143 North, Range 88 West,
Mercer County, North Dakota, for the purpose of constructing
a roadway, being more particularly described as follows:
A tract of land lying between parallel right-of-way lines
130 feet apart, being 65 feet on each side when measured at
right angles or radially to the following centerline of
tract:
Beginning at a point which is on the west line of said
Section 11 and bears South a distance of 215.07 feet from
the NW corner of said Section 11; thence East along a line
parallel to the north line of said Section 11 a distance of
656 feet, the point of beginning of a circular curve to the
left, the radius of which is 200 feet; thence along said
curve and through a central angle of 90(Degree)00'00" a
distance of 314.16 feet to the point of termination of said
curve; thence North a distance of 20.00 feet to a point on
the North line of said Section 11, such point being 856.00
feet East of the NW corner of said Section; said tract
containing 2.96 acres, more or less.
Section 14: S1/2NW1/4
The S1/2 of the NE1/4 of Section 9, Township 143 North,
Range 88 West of the 5th P.M., a tract of 80 acres, more or
less;
The SE1/4 of Section 9, Township 143 North, Range 88 West of
the 5th P.M., a tract of 160 acres, more or less;
The SW1/4 of Section 10, Township 143 North, Range 88 West
of the 5th P.M., a tract of 160 acres, more or less;
The W1/2 of the SE1/4 of Section 10, Township 143 North,
Range 88 West of the 5th P.M., a tract of 80 acres, more or
less;
The west 460 feet of the E1/2 of the SE1/4 of Section 10,
Township 143 North, Range 88 West of the 5th P.M., a tract
of 27.88 acres, more or less;
A tract of 319.09 acres, more or less, in the N1/2 of
Section 15, Township 143 North, Range 88 West of the 5th
P.M., it being the intention of the parties hereto that
conveyance be made of all of said N1/2, except a triangular
tract 0.9 of an acre, fractionally more or less, in the
northeast corner thereof, described as follows:
Beginning at the northeast corner of the N1/2 of Section 15;
thence west along the section line a distance of 290 feet to
a point; thence in a southeasterly direction to the east
section line to a point, said point being located 270 feet
south of the northeast corner of said Section 15; thence
north along the east section line a distance of 270 feet to
the point of beginning;
The S1/2 of the NW1/4 and the SW1/4 of the NE1/4 of Section
10, Township 143 North, Range 88 West of the 5th P.M., a
tract of 120 acres, more or less;
The NE1/4 of the NW1/4 of Section 10, Township 143 North,
Range 88 West.
A parcel of land situated in Section 3, Township 143 North,
Range 88 West, beginning at the southeast corner of said
Section 3; thence 90(Degree)00'00"W along the south line of
said Section 3, a distance of 3,250 feet to a point; thence
N56(Degree)39'27"E a distance of 1,834.52 feet to a point;
thence S62(Degree)40'45"E a distance of 1,934 feet to a
point on the east line of said Section 3; thence
S0(Degree)23'30"W along the east line of Section 3 a
distance of 120.68 feet to the point of beginning, said
tract containing 40 acres, according to land survey;
EXCEPTING a parcel of land described as:
Beginning at the southeast corner of Section 3; thence west
along the section line a distance of 915.5'+/- to a
point which is the true point of beginning of said tract;
thence west along the section line 223.3'+/- to a point;
thence N9(Degree)48'E a distance of 365.5'+/- to a point;
thence S80(Degree)12'E a distance of 50' to a point; thence
N9(Degree)48'E a distance of 279.5'+/- to a point; thence
S62(Degree)40'45"E a distance of 125.8'+/- to a point;
thence S9(Degree)48'W a distance of 241.7'+/- to a point;
thence S80(Degree)12'E a distance of 50' to a point; thence
S9(Degree)48'W a distance of 327.5'+/- to the true point of
beginning. (2.546 acres)
A tract of land situated in the NE1/4 of Section 10,
Township 143 North, Range 88 West, Mercer County, North
Dakota, being more particularly described as follows:
Beginning at a point on an easterly existing railroad
right-of-way line which is 152.22 feet from the north line
of said section when measured along the right-of-way line
bearing S82(Degree)34'57.7"W a distance of 938.22 feet from
the NE corner of said Section 10; thence S88(Degree)13'06"E
along a line parallel to the north line of said Section 10 a
distance of 510.82 feet; thence S45(Degree)09'10.4"W a
distance of 800.0 feet to a point on the easterly side of
the existing railroad right-of-way line; thence northerly
along said right-of-way line to the point of beginning; said
tract containing 3.5 acres, more or less.
A tract of land situated in the SE1/4 of the NE1/4 and the
NE1/4 of the SE1/4 of Section 2, Township 143 North, Range
88 West, more particularly described as follows:
Beginning at the east 1/4 corner of said Section 2; thence
south along the east line of said Section 2 a distance of
1320 feet to the SE corner of NE1/4 of the SE1/4 of said
Section 2; thence west along the south line of the NE1/4 of
the SE1/4 of said Section 2 a distance of 770 feet to a
point; thence N14(Degree)51'W a distance of 1365.6 feet to a
point on the east-west centerline of said Section 2, such
point being 1120 feet west of the east 1/4 corner of said
Section 2; thence north a distance of 700 feet to a point;
thence east a distance of 700 feet to a point; thence north
a distance of 620 feet to a point on the north line of the
SE1/4 of the NE1/4 of said Section 2; thence east along the
north line of the SE1/4 of the NE1/4 of said Section 2 a
distance of 420
feet to the NE corner of the SE1/4 of the NE1/4 of said
Section 2; thence south along the east line of said Section
2 a distance of 1320 feet to the original point of
beginning. Said tract contains 52.61 acres, more or less.
A tract of land situated in the N1/2 of the NE1/4 of the
NE1/4 of Section 10, Township 143 North, Range 88 West,
Mercer County, North Dakota, being more particularly
described as follows:
Beginning at the NE corner of said Section 10; thence South
along the East line of said Section 10 a distance of 150.07
feet; thence N88(Degree)13'06"W along a line parallel to the
North line of said Section 10 a distance of 930.82 feet to a
point on an existing railroad right-of-way line; thence
N11(Degree)34'54"E along said railroad right-of-way line a
distance of 152.22 feet to a point on the North line of said
Section 10; thence S88(Degree)33'06"E along the North of
said Section 10 a distance of 900.24 feet to the original
point of beginning; said tract containing 3.15 acres, more
or less.
Two adjacent tracts situated in the S1/2 of the SE1/4 of
Section 2, Township 143 North, Range 88 West, Mercer County,
North Dakota, being more particularly described as follows:
Tract A:
All of the SW1/4 of said Section 2, with the exception of
the west 500 feet thereof. Said Tract A containing 24.85
acres, more or less.
Tract B:
The north 200 feet of the SE1/4 of the SE1/4 of said Section
2. Said Tract B containing 6.06 acres, more or less.
A tract of land situated in the E1/2 of the SE1/4 of Section
10, Township 143 North, Range 88 West, being more
particularly described as follows:
Beginning at a point which is on the south line of said
Section 10 and bears west a distance of 290.0 feet
from the SE corner of said Section 10; thence west along the
south line of said Section 10 a distance of 570.0 feet to a
point; thence north along a line parallel to the east line
of said Section 10 a distance of 2640.0 feet to a point
which is on the north line of the SE1/4 of said Section 10;
thence S12(Degree)11.02'E a distance of 2700.83 feet to the
original point of beginning; said tract containing 17.27
acres, more or less.
Township 144 North, Range 87 West of the 5th P.M.
Section 31: SW1/4
The Northwest Quarter of the Northwest Quarter (NW1/4NW1/4)
of Section Ten (10), the West Half (W1/2) and the North Half
of the Northeast Quarter (N1/2NE1/4) of Section Nine (9),
the Southeast Quarter (SE1/4) and the South Half of the
Northeast Quarter (S1/2NE1/4) of Section Four (4), and all
of Section Three (3) except a tract beginning at the
Southeast corner of said Section Three (3); thence
90(Degree) west along the south line of said Section Three
(3) a distance of 3,250 feet to a point; thence North
56(Degree)39'27" east a distance of 1,834.52 to a point;
thence South 62(Degree)40'45" east a distance of 1,934 feet
to a point on the east line of Section Three (3); thence
south 0(Degree)23'30" west along the east line of Section
Three (3) a distance of 120.68 feet to the point of
beginning; all of the above property being situated in
Township One Hundred Forty-three (143) North, Range
Eighty-eight (88) West; containing One Thousand Two Hundred
Eighty (1,280) acres, more or less; subject to and excepting
therefrom a tract of land conveyed for railroad purposes to
the Northern Pacific Railway Company by Deed dated August 8,
1961, filed in Book 51 of Deeds, page 206, as Document No.
82186.
The West Two Hundred Twenty (220) feet of Government Lot Six
(6) in Section Sixteen (16), Township One Hundred Forty-four
(144) North of Range Eighty-four (84) West.
A tract of land situated in the Southeast Quarter of the
Southeast Quarter (SE1/4SE1/4) of Section Two (2), Township
143 North, Range 88 West, being more particularly described
as follows:
All of the Southeast Quarter of the Southeast Quarter
(SE1/4SE1/4) of Section 2, except the North 200 feet. Said
tract containing 33.94 acres, more or less.
AND
A parcel of land located in the East Half of the Southeast
Quarter (E1/2SE1/4) of Section Ten (10), Township 143 North,
Range 88 West, of the Fifth Principal Meridian, Mercer
County, North Dakota, being more particularly described as
follows:
Beginning at the Southeast corner of said Section 10; thence
N89(Degree)08'33"W along the South line of said Section 10,
a distance of 290.05 feet; thence N12(Degree)17'40"W a
distance of 919.91 feet to the true point of beginning;
thence continuing N12(Degree)17'40"W a distance of 1237.60
feet to a point on a curve; thence from a tangent bearing of
S34(Degree)33'26"E and running along a 7(Degree)11'50" curve
to the right, with a radius of 796.10 feet, through a delta
of 21(Degree)35'27", for a distance of 299.99 feet to the
point of tangency; thence S13(Degree)09'00"E a distance of
626.12 feet; thence S7(Degree)56'58"E a distance of 99.97
feet; thence S6(Degree)03'23"E a distance of 194.95 feet;
thence S45(Degree)12'46"W a distance of 48.39 feet, plus or
minus to the point of beginning. Said parcel contains 1.52
acres, more or less. Bearings for the above description were
deflected from an assumed bearing of N89(Degree)08'33"W
along the South line of said Section 10.
AND
A tract of land situated in the NE1/4, Section 14, T.143N.,
R.88W., Mercer County, North Dakota, being more particularly
described as follows:
Beginning at the center of said Section 14; thence
N0(Degree)05'55"W a distance of 1070.0 feet; thence
S74(Degree)32'28"E a distance of 2624.9 feet; thence
S0(Degree)01'12"E a distance of 377.4 feet; thence
N89(Degree)50'25"W a distance of 2528.3 feet to
the original point of beginning. Said tract contains 41.0
acres, more or less. The above tract is subject to existing
easements including, but not limited to, pipeline and
utilities.
Item 45358. Golden Valley Electric Substation
A tract of land situated in the Northeast quarter (NE1/4) of
Section twenty-two (22), Township one hundred forty-four (144),
Range Ninety (90) West of the fifth Principal Meridian and more
particularly described as follows:
Beginning at a point thirty-three (33) feet South of the
Northwest corner of the Northeast quarter (NE1/4) of said
Section, thence South a distance of sixty-five (65) feet; thence
east a distance of fifty (50) feet; thence North a distance of
sixty-five (65) feet, and thence West a distance of fifty (50)
feet, to the point of beginning, including the right of entrance
thereto.
Item 45359. Golden Valley Electric Substation
A tract of land located within the Southeast Quarter (SE1/4) of
Section Fifteen (15), Township One Hundred Forty-four (144)
North, Range Ninety (90) West of the Fifth Principal Meridian,
Mercer County, North Dakota, more particularly described as
follows:
Commencing at the south quarter corner of said Section Fifteen
(15); thence North 0(Degree)00' West along the north-south
quarter line a distance of 255.0 feet to the true point of
beginning; thence continuing North 0(Degree)00' West along the
said quarter line a distance of 75.0 feet to a point; thence
North 90(Degree)00 East a distance of 75.0 feet to a point;
thence South 0(Degree)00' East a distance of 75.0 feet to a
point; thence South 90(Degree)00' West a distance of 75.0 feet
plus or minus to the point of beginning.
Item 45360. Hazen Electric Substation
A parcel of land located in the Southeast Quarter of Southwest
Quarter (SE1/4SW1/4) of Section Seven (7), Township One hundred
forty four (144) North, Range Eighty six (86) West, of the 5th
P.M. and which is bounded and described as follows:
Beginning at a point 389.9 feet West and 83 feet North of the
Southeast corner of the Southwest Quarter (SW1/4) of said Section
Seven (7); thence West a distance of 50 feet; thence South a
distance of 50 feet; thence East a distance of 50 feet; thence
North a distance of 50 feet, to the place of beginning.
Item 45361. Hazen Electric Substation
Lot Four (4) in Adolf's First Addition to the City of Hazen,
North Dakota.
Item 45362. Zap Electric Substation
A plot of land containing approximately .063 acres, part of the
Northeast Quarter of the Northeast Quarter (NE1/4NE1/4) of
Section Twenty-four (24), Township One Hundred Forty-four (144)
North, Range Eighty-nine (89) West, 5th P.M., more particularly
described as follows:
Commencing at the northeast corner of said Section 24, thence
south along the east boundary line of said section a distance of
1021 feet; thence west 33 feet, more or less, to a point in the
west line of the section line road, bordering the east boundary
line of said quarter section, the place of beginning; thence west
at right angles to the west line of said section line road, a
distance of 50 feet; thence north at right angles, a distance of
66 feet, more or less, to a point in the south boundary line of
State Highway No. 25; thence southeasterly along the south
boundary line of said State Highway No. 25 a distance of 55 feet,
more or less, to a point where the same intersects the west
boundary line of said section line road along the east side of
said section; thence south along the west boundary line of said
section line road a distance of 45 feet, more or less, to the
point of beginning.
Item 45363. Zap Electric Substation
A tract of Land situated in the Northwest Quarter (NW1/4) of
Section Twenty-three (23), Township One Hundred Forty-four (144)
North, Range Eighty-nine (89) West, of the 5th P.M., and more
particularly described as follows:
Commencing at a point 2071 feet South and 36 feet West of the
North quarter corner of said Section 23, Twp. 144 N., Rge. 89 W;
thence West 50 feet, thence South 50 feet, thence East 50 feet,
thence North 50 feet to the point of beginning.
Item 45364. Zap Electric Substation
A tract of Land lying in the Northeast Quarter (NE1/4) of Section
Twenty-Four (24), Township One Hundred Forty-Four (144) North,
Range Eighty-Nine (89) West of the Fifth Principal Meridian, the
boundaries of which are described as follows:
Beginning at a point 957.6 feet south and 564.4 feet west of the
Northeast corner of said Section 24, thence North 76(Degree)25'
West a distance of 50 feet; thence South 13(Degree)35' West a
distance of 50 feet; thence South 76(Degree)25' East a distance
of 50 feet; thence North 13(Degree)35' East a distance of 50 feet
to the point of beginning. Tract contains 0.057 acres.
MORTON COUNTY, NORTH DAKOTA
Item 45365. Glen Ullin Gas Regulator Station
A plot of ground, being the extreme North-east portion of Lot 19,
commencing at the North-east corner of Lot 19, and running due
south for fifteen feet, thence running due West for fifteen (15)
feet, thence running due North for fifteen (15) feet, to the end
of said Lot; otherwise described as a square plot of ground
fifteen feet (15 Ft. x 15 Ft.) by fifteen feet, on the North-east
corner of Lot 19, in Block Twelve (12), in the original Town, now
City of Glen Ullin, in Morton County, N.D.
Item 45366. Glen Ullin Warehouse
Lots Sixteen (16) and Seventeen (17), in Block Thirty-seven (37),
in the Eastern Addition to the Town (now City) of Glen Ullin.
Item 45367. Glen Ullin Electric Substation
A tract of land lying within the Southwest Quarter (SW1/4) of
Section Twenty-nine (29), Township One Hundred Thirty-nine (139),
Range Eighty-eight (88), West of the 5th Principal Meridian,
described as beginning at a point on the west line of Section 29,
535 feet north and 40 feet east of the Southwest corner of said
Section; thence East 50 feet; thence South 50 feet; thence West
50 feet; thence North 50 feet to point of beginning;
Less: The West 10 feet of the following described tract located
in the Southwest quarter (SW1/4) of Section 29, Township 139
North, Range 88 West, to wit: Beginning at a point 535 feet North
and 40 feet East of the Southwest corner of said Section 29,
thence East 50 feet, thence South 50 feet, thence West 50 feet,
thence North 50 feet to the point of beginning.
Item 45368. Glen Ullin Substation
A tract of land lying in the Northwest Quarter of the Northwest
Quarter (NW1/4NW1/4) of Section Ten (10), Township One Hundred
Thirty-nine (139) North, Range Eighty-eight (88) West of the
Fifth Principal Meridian, the boundaries of which are described
as follows, to wit:
Beginning at a point on the north line of said Section 10,
approximately 134.4 feet east of the northwest corner of Section
10, said point being on the easterly Highway right-of-way line of
Highway No. 49 as it is surveyed and platted across Section 10,
thence East along the Section line, a distance of 630.6 feet,
thence South a distance of 660 feet, thence West a distance of
671.9 feet to the easterly Highway right-of-way line, thence
North along the Highway right-of-way line on approximately a one
degree (1(Degree)) curve to the right a distance of 661.4 feet,
more or less, to the point of beginning. Tract contains 10.0
acres, more or less.
Item 49112. Glen Ullin District Office
Lots 10, 11, 12, and 13, Block 11, in the Original Town, now City
of Glen Ullin.
Item 45369. Hebron Gas Regulator Station
Beginning at the northwest corner of Lot Fourteen (14), in Block
Fifty-Eight (58), of the original Town, now City, of Hebron,
thence south fifteen (15) feet, thence east fifteen (15) feet,
thence north fifteen (15) feet, thence west fifteen (15) feet to
point of beginning.
Item 45371. Hebron Switching Station Structure Site
Beginning at the Southeast corner of the Southwest Quarter
(SW1/4) of Section Four (4), Township One hundred thirty-nine
(139) North, Range Ninety (90) West of the fifth Principal
Meridian; thence due North along the East line of said Southwest
Quarter (SW1/4) a distance of 59 feet; thence due west at right
angles a distance of 20 feet; thence due South at right angles a
distance of 59 feet to the South line of the said Section Four
(4); thence due East along the South line of said Section four
(4) a distance of 20 feet to the point of beginning; EXCEPTING
and reserving unto the parties of the first part all of the Oil,
Gas or other minerals in and to the said premises.
Item 45372. Heskett Station Power Plant
Lots Three (3) and Four (4) and the Southwest Quarter of the
Southeast Quarter (SW1/4SE1/4) of Section Ten (10), in Township
One Hundred Thirty-nine (139) North, of Range Eighty-one (81)
West, of the Fifth Principal Meridian, EXCEPT railroad right of
way across said premises as conveyed to Missouri River Railway
Company by deed recorded in Book 24 of Deeds at page 427 of the
records of the Register of Deeds of Morton County; and EXCEPT all
oil, gas and other minerals in, under and that may be produced on
said land, which are RESERVED unto the parties of the first part,
J. Stanley Boley and Viola May Henderson, their heirs and
assigns, forever, together with the right ingress and egress at
all times for the purposes of mining, drilling, exploring,
operating and developing said land for oil, gas and other
minerals, provided, however, that the operations and activities
of the party of the second part, its successors or assigns, upon
said land, shall in no manner be interfered with by any mining,
drilling, exploring, operating or developing said land for oil,
gas and other minerals by the parties of the first part, their
heirs or assigns, or the lessees of any such parties; and
RESERVING unto the parties of the first part an easement for a
right of way across the most northerly part of said tract for the
purpose of permitting stock to have access to water and to the
cattle underpass now located on the aforesaid railroad right of
way.
Item 45373. Heskett Station Addition
A tract of land situated in the Southwest Quarter (SW1/4) of
Section Ten (10), Township One Hundred Thirty-nine North (139N),
Range Eighty-one West (81W) of the Fifth Principal Meridian more
particularly described as having the following outside boundary:
Starting at a point One Hundred Six Feet (106') North and One
Hundred Fifty-Five Feet (155') East of the Southwest Corner of
said Section Ten (10), which is the true point of beginning;
thence in an Easterly direction along a line One Hundred Six Feet
(106') North of the south section line of Section Ten (10) a
distance of Four Hundred Thirty-One and six tenths feet (431.6')
to a point; thence at right angles in a Northerly direction a
distance of Two Hundred Fifty Feet (250') to a point; thence
around a curve to the right having a radius of One Hundred Feet
(100') a distance of One Hundred Fifty-Seven and Eight Hundredths
Feet (157.08') to a point; thence
in an Easterly direction Sixty-One and Six Tenths Feet (61.6') to
a point; thence at right angles in a Southerly direction Two
Hundred Feet (200') to a point; thence at right angles in an
Easterly direction One Thousand Feet (1000') to a point; thence
at right angles in a Northerly direction Ninety Feet (90') to a
point; thence at right angles in an Easterly direction Two
Hundred Feet (200') to a point; thence in a Southerly direction
Twenty-Six Feet (26') to a point; thence around a curve to the
left having a radius of Eighty Feet (80') a distance of One
Hundred Twenty-Five and Sixty-Six Hundredths Feet (125.66') to a
point; thence in an Easterly direction Three Hundred Twenty-Eight
and Seventy-One Hundredths Feet (328.71') to a point; thence
around a curve to the right having a radius of Twenty Feet (20')
a distance of Thirty-One and Four Tenths Feet (31.4') to a point;
thence in a Southerly direction One Hundred Fourteen Feet (114')
to a point which is One Hundred Six Feet (106') North of the
south section line of Section Ten (10); thence in an Easterly
direction along a line One Hundred Six Feet (106') North of the
south section line of Section Ten (10) a distance of Two Hundred
Sixty Feet (260') to a point which is on the north-south quarter
line; thence in a Northerly direction along the quarter line Two
Thousand Five Hundred Thirty-Four feet (2534') to the center of
Section Ten (10); thence in a Westerly direction along the
east-west quarter line Two Thousand Four Hundred Eighty-One and
Nine Tenths Feet (2481.9') to a point which is located One
Hundred Fifty-Five Feet (155') East of the west section line of
Section Ten (10); thence in a Southerly direction along a line
One Hundred Fifty-Five Feet (155') East of the west section line
of Section Ten (10) a distance of One Thousand Two Hundred
Seventy-Five and Five Tenths Feet (1275.5') to a point; thence in
an Easterly direction Two Hundred Feet (200') to a point; thence
in a Southerly direction Six Hundred Fifty-Three and Four Tenths
Feet (653.4') to a point; thence in a Westerly direction Two
Hundred Feet (200') to a point which is located One Hundred
Fifty-Five Feet (155') East of the west section line of Section
Ten (10); thence in a Southerly direction along a line One
Hundred Fifty-Five Feet (155') East of the west section line of
Section Ten (10) a distance of Six Hundred Five and One Tenths
Feet (605.1') to the true point of beginning. Said tract contains
One Hundred Thirty-Four and Thirty-Seven Hundredths (134.37)
acres, more or less. The above-described property includes Lots
1-8 in Block 1, Lots 1-22 in Block 2, Lots 1-15 in Block 3, Lots
1-25 in Block 4, Lots 1-16 in Block 5, Lots 1-15 in Block 6, Lots
1-5 in Block 7 and Lots 5-15 in Block 8, all in Rockhaven Heights
Subdivision, and portions
of the SW1/4 of Section 10, Township 139 North, Range 81 West
outside of Rockhaven Heights Subdivision.
and
A tract of land situated in the Southwest Quarter (SW1/4) of
Section Eleven (11) Township One Hundred Thirty-Nine North (139N)
Range Eighty-One West (81W) of the Fifth Principal Meridian all
in Morton County, North Dakota, described as follows:
Lot One (1) of the Southwest Quarter Southwest Quarter
(SW1/4SW1/4) of Section Eleven (11) containing Two and
Eighty-Eight Hundredths (2.88) acres, more or less.
EXCEPTING HEREFROM that tract of land conveyed to the County of
Morton, State of North Dakota for the use and benefit of the
County of Morton in a Warranty Deed dated May 19, 1975, and
recorded on November 5, 1975, at 4:53 P.M. in Book 127 of Deeds,
Page 607 in the Office of the Register of Deeds of Morton County,
North Dakota, said tract more particularly described as follows:
All that portion of the W1/2SW1/4 Sec 10 Twp 139 Rng 81 lying
within a strip of varying width left of and measured at right
angles to the following described highway centerline as surveyed
and staked across said W1/2SW1/4 Sec 10 Twp 139 Rng 81: Beginning
at a point 72.65 feet East of the W1/4 corner of said Sec 10
which is said centerline; thence S0(Degree)39'25"E for a distance
of 981.9 feet to the true point of beginning where said strip is
17.65 feet wide and east of a line 155.0 ft east of the west line
of said Sec 10, thence S0(Degree)39'25"E for a distance of 292.7
feet to the north line of Lot F where said strip ends; thence
S0(Degree)39'25"E for a distance of 684.2 feet to the T.S. of a
4(Degree) curve to the left with two 500.0 foot spirals; thence
along said curve 169.2 feet more or less to a point where the
75.0 ft R/W line crosses a line 155.0 ft East of the West line of
said Sec 10 where strip of varying width begins, which lies
within a strip of land 75.0 ft wide and to the East of said
centerline; thence along said 4(Degree) curve 412.4 ft more or
less to a line 106.0 ft north of the south line of said Sec 10
where said strip ends. Excepting all that portion lying within
33.0 ft of the section line and all that portion of previously
acquired public right of way. Tract contains 0.257 acres more or
less.
Item 45374. Heskett Power Plant
A tract of land situated in the Southeast Quarter (SE1/4) of
Section Ten (10) Township One Hundred Thirty-nine North (139N),
Range Eighty-one West (81W) of the fifth Principal Meridian (5th
P.M.) all in Morton County, North Dakota more particularly
described as follows:
Starting at the Southeast (SE) corner of said Section Ten (10);
thence in a Westerly direction along the section line Sixty-one
Feet (61') to a point; thence at an angle of Fifty-nine degrees
and Thirty-three minutes (59(Degree)33') to the right a distance
of One Thousand Sixty-four Feet (1064') to a point; thence at a
right angle to the left a distance of One Hundred Five Feet
(105') to a point which is the true point of beginning; thence at
a right angle to the right a distance of Seventy Feet (70') to a
point; thence at a right angle to the left a distance of One
Hundred Ten Feet (110') to a point; thence at a right angle to
the left a distance of Eighty Feet (80') to a point; thence at a
right angle to the left a distance of Forty-Five Feet (45') to a
point; thence at a right angle to the right a distance of One
Hundred Feet (100') to a point; thence at a right angle to the
right a distance of Seventy Feet (70') to a point; thence at a
right angle to the left a distance of One Hundred Ninety Feet
(190') to a point; thence at a right angle to the left a distance
of One Hundred Feet (100') to a point; thence at a right angle to
the left a distance of One Hundred Seventy Feet (170') to a
point; thence at a right angle to the right a distance of
Thirty-five Feet (35') to a point; thence at a right angle to the
left a distance of One Hundred Thirty (130') to the true point of
beginning. Said tract contains Eight-tenths (.8) acre, more or
less.
Item 45375. Judson Substation Site
A tract of land lying in Auditor's Lot 1 of the SE1/4 of Section
4, Township 139 North, Range 84 West of the 5th P.M., Morton
County, North Dakota, which is to be known as Lot A of Auditor's
Lot 1 of the SE1/4 of Section 4, Township 139 North, Range 84
West of the 5th P.M., more particularly described as follows:
Beginning at a point 33 feet north and 659.6 feet east of the SW
corner of the SE1/4 of said Section 4, and thence north 95 feet,
thence east 50 feet, thence south 95 feet, thence west 50 feet to
the point of beginning, containing 0.11 acres, more or
less.
Item 45376. Mandan Gas Regulator Station
Lots Seven (7) and Eight (8), Block Nineteen (19) of Helmsworth
and McLean's Addition to the City of Mandan, Morton County, North
Dakota,
Less following: Lots Seven (7) and Eight (8) in Block
Nineteen (19) of Helmsworth & McLeans Addition to the City of
Mandan, Morton County, North Dakota, except for a tract of land
measuring fifteen feet (15) by fifteen feet (15') in the
Northwest corner of said Lot Eight (8), beginning at the
Northwest corner of said Lot Eight (8), thence east fifteen feet
(15') on the north line of Lot Eight (8), thence south fifteen
feet (15') parallel to the west line of Lot Eight (8), thence
west fifteen feet (15') parallel to the north line of Lot Eight
(8), thence north fifteen feet (15') on the west line of Lot
Eight (8) to the point of beginning.
Item 45377. Mandan Gas Regulator Station
A parcel of land fifteen (15) feet long by fifteen (15) feet wide
in Lot Two (2) of Block Twenty-Five (25) of the Original Town,
now City, of Mandan, and more particularly described as follows:-
Beginning at the Southwest corner of said Lot Two (2), running
thence northerly along and on the westerly line of said Lot
fifteen (15) feet; thence easterly on a line parallel to the
southerly line of said Lot Two (2) fifteen (15) feet; thence
southerly on a line parallel to the westerly line of said Lot Two
(2) fifteen (15) feet; thence westerly along and on the southerly
line of said Lot Two (2) fifteen (15) feet to the place of
beginning.
Item 45378. Mandan Gas Regulator Station
Starting at the Northwest corner of Lot Six (6) in Block Thirteen
(13) of the Original Town, now City, of Mandan, Morton County,
North Dakota running thence Southerly Fifteen (15) feet, thence
Easterly Fifteen (15) feet, thence Northerly Fifteen (15) feet
and thence Westerly Fifteen (15) feet to the point of beginning,
being a plot of land Fifteen (15) feet square in the Northwest
corner of said Lot Six (6) in Block Thirteen (13) of the Original
Town, now City of Mandan, Morton County, North Dakota.
Item 45379. Mandan Gas Regulator Station
Beginning at the Northwest corner of Lot Five (5) in Block Fifty
Three (53) of the Original Town now the City of Mandan, Morton
County, North Dakota running thence Southerly Fifteen (15) feet,
thence Easterly Fifteen (15) feet, and thence Northerly Fifteen
(15) feet and thence Westerly fifteen (15) feet to the point of
beginning, being a plot of land Fifteen (15) feet square in the
Northwest corner of said Lot Five (5) in Block Fifty Three (53)
of the Original Town now the City of Mandan, Morton County, North
Dakota.
Item 45380. Mandan Gas Regulator Station
A tract of land in Lot Fifteen (15), in Block Twenty-one (21), in
Mandan Land and Improvement Company's Southside Addition to the
Original Town, now City, of Mandan, more particularly described
as follows, to wit: Beginning at the Northwest Corner of said Lot
15 and running thence south along the west line of said lot Ten
(10) Feet, thence east at right angles Ten (10) Feet, thence
north at right angles Ten (10) Feet to the North line of said Lot
15, thence west along the north line of said Lot Ten (10) Feet to
the point of beginning.
Item 45381. Mandan Gas Regulator Station
A rectangular tract of land in the northwest corner of Lot
Seventeen (17) in Block Two (2), of Gerard's Addition to the
Original Town, now City, of Mandan, according to the certified
plat thereof on file and of record in the office of the Register
of Deeds in and for the County of Morton, more particularly
described as follows, to wit: Commencing at the Northwest corner
of said Lot Seventeen (17) and running thence South along the
West line of said lot a distance of Ten Feet (10'); thence at
right angles East a distance of Eight Feet (8'); thence at right
angles North a distance of Ten Feet (10') to a point on the North
line of said lot; thence West along said North line a distance of
Eight Feet (8') to the point of beginning.
Item 45382. Mandan Gas Regulator Station
A tract of land in Lot Number Two Block Number Two of the
Zachmeier First Addition to the City of Mandan, County of Morton,
North Dakota, as platted and recorded in the office of the
Register of Deeds of County aforesaid, described as follows:
Commencing at the North Line of the Utility Easement as dedicated
in the recorded plat of said Addition, a point seven (7) feet
North of the Southwest corner of said Lot Two (2) Block 2; thence
due North six (6) feet to a point; thence due East ten (10) feet
to a point; thence due South six (6) feet to the North Line of
said Utility Easement; thence due West on said Easement Line ten
(10) feet to the point of beginning.
Item 45383. Mandan Gas Regulator Station
All that part of Lot "A" Auditor's Subdivision of the Southwest
Quarter (SW1/4) of Section Twenty-two (22), in Township One
Hundred Thirty-nine (139) North, of Range Eighty-one (81) West,
of the Fifth Principal Meridian, more particularly described as
follows, to wit: Beginning at a point which is forty (40) feet
south and thirty (30) feet west of the center of Section 22, in
Township 139 North, of Range 81 West, of the 5th P.M.; thence
southerly on a line paralleling the north-south quarter line of
said Section 22 a distance of one hundred (100) feet; thence
westerly at a right angle to the aforementioned quarter line two
hundred eighty and five-tenths (280.5) feet; thence North zero
degrees and Forty-one minutes East (N00(Degree)41'E) one hundred
(100) feet; thence east on a line paralleling the East-West
quarter line of the aforementioned Section 22, two hundred eighty
and five-tenths (280.5) feet to the point of beginning; said
tract being located in the Northeast Quarter of the Southwest
Quarter (NE1/4SW1/4) of said Section 22, and containing
sixty-four one hundredths (0.64) acres, more or less.
Item 45384. Transmission Line Right of Way
A strip of land in the Northwest Quarter of the Northwest Quarter
(NW1/4NW1/4) of Section Fifteen (15), in Township One Hundred
Thirty-nine (139) North, of Range Eighty-one (81) West, of the
Fifth Principal Meridian, Sixty-six (66) Feet in width, being
Thirty-three (33) Feet on each side of a center line described as
follows: Commencing at the Southwest corner of the Northwest
Quarter of the Northwest Quarter (NW1/4NW1/4) of said Section 15,
and running thence East Thirty-tree (33) feet to the true point
of beginning; thence North adjacent to and parallel with the West
section line of said Section 15 a distance of Thirteen Hundred
Twenty-three (1323) Feet to the North line of said Section 15,
and containing 2.01 acres, more or less; and
A strip of land in the Southwest Quarter (SW1/4) of Section Ten
(10), in Township One Hundred Thirty-nine (139) North, of Range
Eighty-one (81) West, of the Fifth Principal Meridian, Sixty-six
(66) Feet in width, being Thirty-three (33) Feet on each side of
a center line described as follows: Commencing at the Southwest
corner of said Section 10 and running thence East Thirty-three
(33) Feet to the true point of beginning; thence North
Seventy-three (73) Feet; thence at right angles East, parallel to
the South line of said Section 10, and distant Seventy-three (73)
Feet therefrom, a distance of Twenty-six Hundred Thirty-eight
(2638) Feet to the North-South quarter line of said Section 10,
and containing 4.0 acres, more or less;
Less tract sold to Morton City: All that portion of the
SW1/4SW1/4 Sec. 10, Twp. 139N, Rge. 81W, lying within a strip of
land 75.0 ft. wide and measured at right angles to the following
described highway centerline as surveyed and staked across said
SW1/4SW1/4 section 10. Beginning at a point 139.32 ft. East of
the SW corner of Sec. 10, Twp. 139N, Rge. 81W, which is on a
4(Degree) curve to the right with 2 - 500 ft. spirals, thence
along said 4(Degree) curve in a Northwesterly direction 43.56 ft.
more or less to a line 40.0 ft. North of the section line which
is the true point of beginning where said strip of land is 75.0
ft. East and right of centerline, thence continuing along said
4(Degree) curve a distance of 71.87 ft. more or less to a line
106.0 ft. North of the section line. Excepting all that
previously acquired right of way.
Tract contains 0.025 acres more or less.
Item 45385. Mandan Electric Substation
That part of the Northwest Quarter of the Southeast Quarter
(NW1/4 of SE1/4) of Section Thirty six (36) in Township One
Hundred Thirty nine (139) North, Range Eighty one (81) West,
bounded and being within the following traverse, to-wit:
Beginning at a point on the north-south quarter section line 164
feet south of the center of said section 36, thence due East a
distance of 75 feet; thence due South a distance of 75 feet;
thence due West a distance of 75 thence due North along the said
quarter-section line a distance of 75 feet to the point of
beginning, containing 0.129 acres; together with the right of
access to said parcel above described, over and upon the
following described lands, to-wit: Beginning at a point in the
center of said Section 36, thence due South a distance of 164
feet, thence due East a distance of 75 feet, thence due North a
distance of 164 feet, thence due West a distance of 75 feet to
the point of beginning.
Item 45386. Mandan Gas Regulator Station
A parcel of land in Lot Eight (8), in Block Fifty-eight (58), in
the Original Town, now City, of Mandan, according to the
certified plat thereof on file and of record in the office of the
Register of Deeds in and for the County of Morton, more
particularly described as follows, to-wit: Commencing at the
North-east corner of said Lot 8, in Block 58, in the Original
Town, now City, of Mandan, and running thence westerly along the
northerly line of said lot Ten Feet (10'); thence at right angles
southerly Eight Feet (8'); thence at right angles easterly Ten
Feet (10') to a point on the easterly line of said lot; thence
northerly along the easterly line of said lot Eight Feet (8') to
the point of beginning.
Item 45388. Mandan Gas Regulator Station
"Lot A of Lot Three (3) of the Northeast Quarter (NE1/4) of
Section Twenty-seven (27) in Township One Hundred Thirty-nine
(139) North of Range Eighty-one (81) West of the Fifth Principal
Meridian."
Item 45389. Mandan H.L. 8116.1
A parcel of land that lies in the NW1/4 of Section 10, Township
139 North, Range 81 West of the 5th P.M., the boundaries of which
are described as follows:
Beginning at a point that lies on the north line of said Section
10 and is 218.13 feet east of the northwest corner of said
Section 10; thence bearing S.30(Degree)43'15"E. a distance of
1526.31 feet to a point; thence bearing N.89(Degree)22'57"E. a
distance of 336.88 feet to a point; thence bearing
S.0(Degree)39'49"E. a distance of 1316.63 feet to a point on the
south line of the NW1/4 of said Section 10; thence bearing
N.89(Degree)22'57"E. a distance of 788.55 feet to a point; thence
bearing N.30(Degree)43'15"W. a distance of 3105.84 feet to a
point on the north line of said Section 10; thence bearing
S.89(Degree)31'54"W. a distance of 363.58 feet to the point of
beginning. Said tract contains 22.93 acres, more or less.
Item 45390. Mandan H.L. 8116.1
A parcel of land which lies in the N1/2S1/2N1/2SW1/4NW1/4 of
Section 10, Township 139 North, Range 81 West of the 5th P.M., in
Morton County, North Dakota, the boundaries of which are as
follows
Beginning at the northeast corner of the N1/2S1/2N1/2SW1/4NW1/4
of said Section 10; thence bearing S.89(Degree)22'57"W. a
distance of 146.22 feet to a point; thence bearing
S.30(Degree)43'15"E. a distance of 190.52 feet to a point; thence
bearing N.89(Degree)22'57"E. a distance of 50.88 feet to a point;
thence bearing N.0(Degree)39'49"W. a distance of 164.81 feet to
the point of beginning; said tract containing 0.37 acres, more or
less.
Item 45391. Mandan H.L. 8116.1
A parcel of land that lies in the S1/2N1/2N1/2SW1/4NW1/4 of
Section 10, Township 139 North, Range 81 West of the 5th P.M. in
the County of Morton, State of North Dakota, the boundaries of
which are described as follows:
Beginning at the northeast corner of the S1/2N1/2N1/2SW1/4NW1/4
of said Section 10; thence bearing S.89(Degree)22'57"W. a
distance of 241.79 feet to a point; thence bearing
S.30(Degree)43'15"E. a distance of 190.69 feet to a point; thence
bearing
N.89(Degree)22'57"E. a distance of 146.22 feet to a point; thence
bearing N.0(Degree)39'49"W. a distance of 164.81 feet to the
point of beginning; said tract containing 0.73 acres, more or
less. Also known as a part of Auditor's Lot H.
Item 45392. Mandan H.L. 8116.1
A parcel of land which lies in the S1/2S1/2N1/2SW1/4NW1/4 of
Section 10, Township 139 North, Range 81 West of the 5th P.M., in
the County of Morton, State of North Dakota, the boundaries of
which are described as follows:
Beginning at the northeast corner of the S1/2S1/2N1/2SW1/4NW1/4
of said Section 10; thence bearing S.89(Degree)22'57"W. a
distance of 50.88 feet to a point; thence bearing
S.30(Degree)43'15"E. a distance of 101.43 feet to a point; thence
bearing N.0(Degree)39'49"W. a distance of 87.65 feet to the point
of beginning; said tract containing 0.05 acres, more or less.
Also known as a part of Auditor's Lot H.
Item 45393. Mandan H.L. 8116.1
A parcel of land which lies in the N1/2N1/2N1/2SW1/4NW1/4 of
Section 10, Township 139 North, Range 81 West of the 5th P.M., in
the County of Morton, State of North Dakota, the boundaries of
which are described as follows:
Beginning at the northeast corner of the N1/2N1/2N1/2SW1/4NW1/4
of said Section 10; thence bearing S.89(Degree)22'57"W. a
distance of 336.88 feet to a point; thence bearing
S.30(Degree)43'15"E. a distance of 190.51 feet to a point; thence
bearing N.89(Degree)22'57"E. a distance of 241.79 feet to a
point; thence bearing N.0(Degree)39'49"W. a distance of 164.36
feet to the point of beginning; said tract containing 1.09 acres,
more or less. Also known as a part of Auditor's Lot H.
Item 45394. Mandan Office
The east seventy-five (75) feet of Lot seven (7) and the south
forty (40) feet of the east seventy-five (75) feet of Lot eight
(8), all in Block twenty (20), original townsite (now city) of
Mandan, North Dakota.
Item 45395. Northwest Mandan Substation
A tract of land known as Auditors Lot A, in the NW1/4NW1/4 of
Section 28, Township 139 North, Range 81 West of the 5th
Principal Meridian being further described as follows:
Commencing at the Northwest corner of said Section 28, thence
N89(Degree)09'00"E (BLM recorded bearing) on the North line of
Section 28 a distance of 346.00 feet; thence S33(Degree)09'00"W a
distance of 270.20 feet to the point of beginning: thence
S56(Degree)51'00"E 175.00 feet; thence S33(Degree)09'00"W 120.00
feet; thence N56(Degree)51'00"W 175.00 feet; thence
N33(Degree)09'00"E 120 feet to the point of beginning of said
tract, containing 0.48 acres of land and subject to easements of
record, all as shown on the plat attached hereto and incorporated
herein.
Item 49120. Mandan Distribution Substation
A tract of land in Lot "A" of Outlot #1 in the East One-half
Southeast Quarter (E1/2SE1/4) of Section 27, Township 139 North,
Range 81 West of the 5th Principal Meridian, Morton County, North
Dakota, more particularly described as follows:
Beginning at the intersection point of the west line of 6th
Avenue Southeast and the north line of 1st Street Southeast as
said streets are surveyed and platted within said Section 27;
thence in a northerly direction along said west line of 6th
Avenue Southeast on an azimuth of 000(degree)00'00" a distance of
217.46 feet; thence in a westerly direction on an azimuth of
269(degree)18'30" a distance of 202.18 feet; thence in a
southerly direction on an azimuth of 179(degree)58'10" a distance
of 218.60 feet to said north line of 1st Street Southeast; thence
in an easterly direction along said north line of 1st Street
Southeast on an azimuth of 088(Degree)59'07" a distance of 202.08
feet to the point of beginning.
Item 49121. Mandan Distribution Substation
Lot 4, Block 2 of Dan's Super Market Addition to the City of
Mandan, North Dakota.
Item 45396. New Salem Gas Regulator Station
Lot Thirty One (31) in Block Eighteen (18) in the City of New
Salem, North Dakota.
Less: The West One Hundred and Twenty (120) feet of Lot numbered
Thirty-One (31), Block numbered Eighteen (18) of the original
plat of the City of New Salem, in said County and State.
Item 45397. New Salem Electric Substation
A tract of land lying in the Southwest Quarter of the Southwest
Quarter (SW1/4 SW1/4) of Section Fifteen (15), Township One
Hundred Thirty-nine (139) North, Range Eighty-five (85) West of
the 5th Principal Meridian, Morton County, State of North Dakota,
the boundaries of which are described as follows, to-wit:
Beginning at a point Three Hundred and Six (306.0) feet north of
and Thirty-three (33) feet east of the Southwest corner of said
Section Fifteen (15), and thence East at right angles Fifty (50)
feet, thence North Fifty (50) feet, thence West Fifty (50) feet,
thence South Fifty (50) feet, to the point of beginning. Tract
contains a total of 0.06 acres, more or less. Said tract of land
shall be known as Tract A of Section Fifteen (15).
Item 49123. New Salem Distribution Substation
Lot 1 of Auditor's Lot "B" of the SW1/4 of Section 15, Township
139 North, Range 85 West of the Fifth Principal Meridian,
described as follows: Beginning at the southwest corner of
Auditor's Lot "B" of the SW1/4 of Section 15, Township 139 North,
Range 85 West; thence South 88(Degree)52'56" East along the south
boundary line of said Auditor's Lot "B" a distance of 33.01 feet
to the true point of beginning, thence North 00(Degree)00'00"
East, parallel to the west boundary line of said Auditor's Lot
"B", a distance of 162.64 feet to the southwest corner of Tract
"A" of the SW1/4 of the SW1/4 of Section 15; thence North
90(Degree)00'00" East along the south boundary line and the
easterly extended south boundary line of said Tract "A" a
distance of 100.00 feet; thence South 00(Degree)00'00" West a
distance of 164.60 feet to the south boundary line of the
aforementioned Auditor's Lot "B"; thence North 88(Degree)52'56"
West along said south boundary line
a distance of 100.02 feet to the true point of beginning. Said
tract of land containing 0.38 acres, more or less.
MOUNTRAIL COUNTY, NORTH DAKOTA
Item 45398. Stanley Electric Substation
A tract of land in the Northwest Quarter (NW1/4) of Section
Twenty-Three (23), Township One Hundred Fifty-Seven (157) North,
Range Ninety-One (91) West of the Fifth Principal Meridian, more
particularly described as follows:
Beginning at a point 1559.3 feet south and 75 feet east of the
Northwest corner of said Section; thence south 417 feet on a line
which is also the east right-of-way line of North Dakota State
Highway No. 8 as established; thence east 417 feet; thence north
417 feet; thence west 417 feet to the point of beginning.
Containing 4.0 acres, more or less.
Item 45399. Stanley Electric Substation
A tract of land in the Southeast Quarter of the Northwest Quarter
(SE1/4 of NW1/4) and the Northeast Quarter of the Southwest
Quarter (NE1/4 of SW1/4) of Section Twenty-one (21), Township One
Hundred Fifty-six (156), North, and Range Ninety-one (91) West,
more particularly described as follows:
Commence at the center of Section Twenty-one (21), Township One
Hundred Fifty-six (156) North and Range Ninety-one (91) West;
thence West along the 1/4 line, a distance of 52 feet; thence
South and parallel to the North-South 1/4 line, a distance of 40
feet to the point of beginning; thence West and parallel to the
East-West 1/4 line, a distance of 140 feet; thence North a
distance of 79.5 feet, more or less, to a point on the South
right-of-way boundary of the Great Northern Railway Co.; thence
Northeasterly along the Great Northern Railway Co. right-of-way,
a distance of 148.2 feet; thence South and parallel to the
North-South 1/4 line, a distance of 128.2 feet, more or less, to
the point of beginning. Said tract containing .33 acre, more or
less.
Item 45495. Tioga 230KV Substation
A tract of land in the Northwest Quarter of the Southwest Quarter
(NW1/4SW1/4) of Section Twenty (20), Township One Hundred
Fifty-seven (157) North, Range Ninety-four (94) West more
particularly described as follows:
Commencing at the Northwest Corner of the Southwest Quarter
(SW1/4) of said Section Twenty (20); thence East along the North
line of said Southwest Quarter (SW1/4) a distance of 800 feet;
thence due South, parallel to the West Section line, a distance
of 800 feet; thence due West parallel to the North line of said
Southwest Quarter (SW1/4), a distance of 800 feet; thence due
North along the West Section line, a distance of 800 feet to the
point of beginning. Said tract of land containing 14.7 acres more
or less.
A tract of land in the Southwest Quarter of the Northwest Quarter
(SW1/4NW1/4) of Section Twenty (20), Township One Hundred
Fifty-seven (157) North, Range Ninety-four (94) West of the Fifth
Principal Meridian, more particularly described as follows:
Beginning at the West Quarter Corner of Section Twenty (20);
thence East along the East-West Quarter Line a distance of 171.71
feet to the true point of beginning; thence East along the
East-West Quarter Line of said Section Twenty (20) a distance of
348.48 feet; thence due North a distance of 125 feet; thence due
West a distance of 348.48 feet; thence due South 125 feet to the
true point of beginning.
OLIVER COUNTY, NORTH DAKOTA
Item 45400. Coyote Center Hi-line
A tract of land in the Northeast Quarter (NE1/4) of Section
Twenty-two (22), Township One Hundred Forty-two (142) North,
Range Eighty-four (84) west described as follows: Beginning at a
point on the section line 4415.4 ft. east from the Northwest
corner of said Sec. 22; thence south 95.9 ft., thence west 50.0
ft. thence north 50.0 ft., thence N85(Degree)47'E 50.1 ft.,
thence north 42.2 ft. to point of beginning. Tract contains .059
acres, more or less.
Item 45401. Coyote Communications Tower
A tract of land in the Southeast Quarter (SE1/4) of Section
Eighteen (18), Township One Hundred Forty-two (142) North, Range
Eighty-five (85) West of the Fifth Principal Meridian described
as follows: Starting at the section corner common to Sections
Seventeen (17), Eighteen (18), Nineteen (19) and Twenty (20),
Township One Hundred Forty-two (142) North, Range Eighty-five
(85) West, Fifth Principal Meridian, Oliver County, thence along
the section line on an assumed bearing of West 0(Degree)00'00" a
distance of 873.87 feet; thence North 12(Degree)20'00" West a
distance of 203.63 feet to the point of beginning: Thence West
0(Degree)00'00" a distance of 9.93 feet; thence North
0(Degree)00'00" a distance of 40.00 feet; thence West
0(Degree)00'00" a distance of 125.00 feet; thence North
0(Degree)00'00" a distance of 85.00 feet; thence West
0(Degree)00'00" a distance of 65.00 feet; thence North
0(Degree)00'00" a distance of 216.15 feet; thence East
0(Degree)00'00" a distance of 230.00 feet; thence South
0(Degree)00'00" 341.15 feet; thence West 0(Degree)00'00" a
distance of 30.07 feet to the point of beginning. Said tract
contains 1.500 acres more or less.
And an easement for ingress and egress upon, over and across the
following described tract of land which is adjacent to the
above-described property:
Starting at a point 873.87 feet West 0(Degree)00'00" of the
section corner common to Section Seventeen (17), Eighteen (18),
Nineteen (19) and Twenty (20), Township One Hundred Forty-two
(142) North, Range Eighty-five (85) West, Fifth Principal
Meridian, Oliver County; thence North 12(Degree)20'00" West a
distance of 203.63 feet to the true point of beginning; thence
West 0(Degree)00'00" a distance of 9.93 feet; thence South
12(Degree)20'00" East a distance of 203.63 feet; thence East
0(Degree)00'00" a distance of 39.08 feet; thence North
12(Degree)20'00" West a distance of 203.63 feet; thence West
0(Degree)00'00" a distance of 30.07 feet to the true point of
beginning. It is the intent to grant an access easement 39.08
feet wide and 203.63 feet long, extending from the south line of
the herein described land being conveyed to Fidelity Gas Co. to
the centerline of the existing county road along the South Line
of said Section Eighteen (18).
PEMBINA COUNTY, NORTH DAKOTA
Item 45402. Cavalier Office
A tract of land lying in the Northwest of the Northeast Quarter
(NW1/4NE1/4) of Section Nine (9), Township One Hundred Sixty-one
(161) North, Range Fifty-four (54) West of the Fifth Principal
Meridian, Pembina County, North Dakota, more particularly
described as follows:
Beginning at a point 1350 feet West and 33 feet South of the
northeast corner of said Section 9; thence in a Westerly
direction and parallel to the North line of Section 9 a distance
of 100 feet, thence at right angles in a Southerly direction a
distance of 75 feet, thence at right angles in an Easterly
direction a distance of 100 feet, thence at right angles in a
Northerly direction a distance of 75 feet to the point of
beginning;
LESS: A tract of land lying in the NW1/4NE1/4 of Section 9,
Township 161 North, Range 54 West of the 5th Principal Meridian
in Pembain County, North Dakota; more particularly described as
follows:
Beginning at a point 1352 feet West and 33 feet South of the
Northeast Corner of said Section 9, thence in a Westerly
direction and parallel to the North Line of said Section 9 a
distance of 100 feet, thence at right angles and Southerly a
distance of 40 feet, thence at right angles and Easterly a
distance of 100 feet, thence at right angles and Northerly a
distance of 40 feet to the Point of Beginning.
Item 45403. Walhalla Tract No.1
A tract of land lying in Anderson's Addition to the City of
Walhalla, Pembina County, North Dakota, said tract being more
particularly described as follows:
Commencing at a point where the Easterly right-of-way line of
Highway No. 32 intersects the southerly line of Riverside Avenue
of Walhalla; thence along said right-of-way line, in a
southeasterly direction, a distance of 480 feet to the TRUE POINT
OF BEGINNING; thence continuing southeasterly along the easterly
right-of-way line of Highway No. 32, a distance of 60 feet;
thence at right angles to the right-of-way line, in a
northeasterly direction, a distance of 120 feet;
thence at right angles, parallel to the right-of-way line in a
northwesterly direction, a distance of 60 feet; thence at right
angles, in a southwesterly direction, a distance of 120 feet to
the point of beginning;
LESS: A tract of land lying in Anderson's Addition to the City of
Walhalla, Pembina County, North Dakota; more particularly
described as follows:
Commencing at a point where the Easterly right-of-way line of
Highway No. 32 intersects the Southerly line of Riverside Avenue
of Walhalla, thence Southeasterly and along said right-of-way
line a distance of 540 feet, thence at right angles and
Northeasterly a distance of 65 feet to the True Point of
Beginning; thence continuing Northeasterly a distance of 55 feet,
thence at right angles and Northeasterly and parallel to said
right-of-way line a distance of 60 feet, thence at right angles
and Southwesterly a distance of 55 feet, thence at right angles
and Southeasterly and parallel to said right-of-way line a
distance of 60 feet to the Point of Beginning.
RAMSEY COUNTY, NORTH DAKOTA
Item 45404. Devils Lake Gas Regulator Station
Lot Three (3) in Block One Hundred Eighty-nine (189) of the
original townsite of the city of Devils Lake, Ramsey County,
North Dakota, less portions taken for highway purposes;
Item 45405. Devils Lake Gas Regulator Station
Located in Lot Four (4) of Block Three (3) of Cleveland and
Kennedy's Addition to the City of Devils Lake, North Dakota, more
fully described as follows:
Beginning at a point located on the South boundary of said Lot
Four (4) of Block Three (3), a distance of 19 feet East of the
Southwest corner of said Lot Four (4) of Block Three (3); thence
proceeding East along the south line of Lot 4 a distance of 15
feet; thence north on a line parallel to the West boundary of Lot
4 a distance of 15 feet; thence West on a line parallel with the
South boundary of said Lot 4 a distance of 15 feet; thence South
a distance of 15 feet to point of beginning.
Item 45406. Devils Lake Office
Lots Thirteen (13), Fourteen (14), Fifteen (15) and Sixteen (16),
less the East 5 Feet of the South 100 Feet of Lot Sixteen (16),
all in Block Eight (8) of the City of Devils Lake, Ramsey County,
North Dakota.
Item 45407. Devils Lake Gas Regulator Station
A tract of land situated in Lot Fourteen (14) in Block Seventeen
(17) of Maher and Locke's Fifth Addition to the City of Devils
Lake, Ramsey County, North Dakota, more particularly described as
follows, to-wit:
Commencing at the Southeast (SE) Corner of said Lot Fourteen
(14), thence North Twenty (20) feet, thence West Thirty (30)
feet, thence south Twenty (20) feet, thence East Thirty (30) feet
to the point of beginning, in Ramsey County, North Dakota.
Item 45408. Devils Lake Radio Tower Site
A tract of land lying in the Southeast Quarter of the Southwest
Quarter (SE1/4SW1/4) in Section Fourteen (14), Township
One-hundred-fifty-four (154) North, Range Sixty-four (64) West of
the Fifth Principal Meridian in Ramsey County, North Dakota; more
particularly described as follows:
Beginning on the South Section Line at a point 672 feet West of
the South Quarter Corner of said Section 14, thence North a
distance of 140.3 feet to the True Point of beginning; thence
continuing North a distance of 417.4 feet, thence at right angles
West a distance of 417.4 feet, thence at right angles South a
distance of 417.4 feet, thence at right angles East a distance of
417.4 feet to the True Point of Beginning.
RENVILLE COUNTY, NORTH DAKOTA
Item 45409. Loraine Substation
A tract of land in the Southwest Quarter (SW1/4) of Section Ten
(10), Township One Hundred sixty-two (162) North, Range
Eighty-four (84) West; said tract to be 120 feet east and west by
70 feet north and south and to extend easterly from the West Line
of said Section 10. Said tract to be described by metes and
bounds as follows:
Commencing at the southwest corner of said Section 10, thence
North, along the West Line of said Section, a distance of 1063
feet, thence at right angles and East a distance of 120 feet,
thence at right angles and North a distance of 70 feet, thence
West a distance of 120 feet to the Section line, thence South 70
feet to the point of beginning.
Item 45410. Mohall Electric Substation
A tract of land situated in the Southwest Quarter of the
Southwest Quarter (SW1/4SW1/4) of Section Thirteen (13), Township
One Hundred Sixty-one (161) North, Range Eighty-four (64) West of
the 5th P.M., particularly described as follows:
Beginning at a point 682.4 feet North and 190.7 feet East of the
southwest corner of Section Thirteen (13), Township One Hundred
Sixty-one (161) North, Range Eighty-four (84) West, thence North
57(Degree)08' East a distance of one hundred (100) feet to the
Great Northern right of way; thence 90(Degree) right and parallel
to the Great Northern right of way in a southeasterly direction a
distance of one hundred (100) feet; thence 90(Degree) right a
distance of one hundred (100) feet; thence 90(Degree) right a
distance of one hundred feet (100) feet to the point of
beginning; said tract begin square, and containing .23 acre;
Item 45411. Mohall Junction Substation
A tract of land lying in the Northeast Quarter of the Northeast
Quarter (NE1/4NE1/4) of Section Sixteen (16), Township One
Hundred Sixty-one (161) North, Range Eighty-four (84) West of the
Fifth Principal Meridian, the boundaries of which are described
as follows:
Beginning at a point on the section line and 465 feet west of the
Northeast corner of said Section 16, thence west along the north
line of Section 16 for a distance of 100 feet, thence south
parallel with the east line of Section 16 for a distance of 175
feet, thence east parallel with the north line of Section 16 for
a distance of 100 feet, thence north parallel with the east line
of Section 16 for a distance of 175 feet to the point of
beginning.
Item 45412. Sherwood Electric Substation
Commencing at the East Quarter Corner of Section Twelve (12),
Town One Hundred Sixty-three (163) North, Range Eighty-five (85)
West of Fifth Principal Meridian; thence southerly along the East
line of Twelve (12) a distance of 301.4 feet to a point on the
south right boundary of the Great Northern Railway Co.; thence
westerly along Great Northern Railway Co. right of way a distance
of 612 feet to point of beginning; thence left 90(Degree)00' a
distance of 60 feet; the right 90(Degree)00' a distance of 60
feet; thence right 90(Degree)00' a distance feet to the Great
Northern Railway Co. right of way; thence right a distance of 60
feet along the Great Northern Railway Co. right to the point of
beginning. Said tract containing .083 acre, more. Said tract lies
wholly within the Southeast Quarter (SE1/4) of said Twelve (12).
Item 45413. Kenmare-Mohall Line
Beginning at a point thirty three (33) feet North and thirty
three (33) feet East of the Southwest corner of the Southwest
Quarter (SW1/4) of Section Thirteen (13), Township One hundred
sixty one (161) North, Range Eighty seven (87) West of the Fifth
Principal Meridian; thence due North a distance of seventy five
(75) feet; thence due East a distance of 2607 feet; thence due
South a distance of 75 feet; thence due West a distance of 2607
feet, to the place of beginning, containing 4 1/2 acres, more or
less.
Item 45414. Tolley Substation
A tract of land being located in the southwest corner of the
Southwest Quarter (SW1/4) of Section Fifteen (15), Township One
Hundred Sixty-one (161) North, Range Eighty-six (86) West of the
Fifth Principal Meridian, further described as follows:
Beginning at an iron stake which is located One Hundred (100)
feet north and Seventy-five (75) feet east of the southwest
corner of said Southwest (SW1/4) Quarter of Section Fifteen (15);
thence north One Hundred (100) feet to an iron stake; thence east
One Hundred (100) feet to an iron stake; thence south One Hundred
(100) feet to an iron stake; thence west One Hundred (100) feet
to the point of beginning. Said tract of land containing 0.23
acres more or less.
SIOUX COUNTY, NORTH DAKOTA
Item 45415. Selfridge Substation
A tract of land in the North Half of the Northeast Quarter
(N1/4NE1/4) of Section Thirty-four (34), Township One Hundred
Thirty (130) North, Range Eighty-two (82) West of the Fifth
Principal Meridian, said tract being more particularly described
as follows:
Beginning at a point on the East line of First Street, as staked
and platted to the City of Selfridge, North Dakota, and 33 feet
South of the North line of said North Half of the Northeast
Quarter (N1/2NE1/4) of Section 34, thence in an easterly
direction and parallel to the North line of said N1/2NE1/4 of
said Section 34, on a bearing of South 89(Degree)31' East a
distance of 50 feet, thence South 0(Degree)00' East a distance of
50 feet, thence in a westerly direction and parallel to the North
line of said N1/2NE1/4 of Section 34, on a bearing of North
89(Degree)31' West a distance of 50 feet, thence North
0(Degree)00' West on the East line of First Street as staked and
platted to the City of Selfridge, North Dakota, a distance of 50
feet to the point of beginning. Said tract contains 0.057 acre
more or less.
SLOPE COUNTY, NORTH DAKOTA
Item 45416. Marmarth Electric Substation
A tract of land lying in Outlot D in the Southeast Quarter of the
Northwest Quarter (SE1/4NW1/4) of Section Thirty-One (31),
Township One Hundred Thirty-Three (133) North, Range One Hundred
Five (105) West of the Fifth Principal Meridian, Slope County,
North Dakota, the boundaries of which are described as follows,
to-wit:
Beginning at a point 1594.0 feet east and 1527.9 feet south of
the Northwest Corner of said Section 31, thence north
58(Degree)07'east a distance of 50 feet, thence South
31(Degree)53' east a distance of 50 feet, thence south
58(Degree)07' west a distance of 50 feet, thence north
31(Degree)53' west a distance of 50 feet to the point of
beginning. Tract contains 0.057 acres.
STARK COUNTY, NORTH DAKOTA
Item 45417. Belfield Gas Regulator Station
The West Twenty (20) feet of Lot Thirteen (13) Block Twenty (20)
original plat to the town of Belfield, Stark County, North
Dakota, more particularly described as follows:
Beginning at the northwest corner of Lot Thirteen (13) at a point
where the north line of said lot intersects the east line of the
alley in said Block Twenty (20), thence directly south along the
east line of said alley a distance of Twenty Five (25) feet;
thence directly east a distance of Twenty (20) feet; thence
directly north to the north line of said lot a distance of Twenty
Five (25) feet; thence directly west along the North line of said
lot a distance of twenty (20) feet to the point of beginning.
Item 45418. Belfield Electric Substation
Lots Seven (7) and Eight (8), Block Twenty-eight (28) in the Town
of Belfield, Stark County, North Dakota, according to the plat
thereof on file and of record in the office of the Register of
Deeds of Stark County, North Dakota.
Item 45419. Dickinson Gas Regulator Station
A strip of land Fifteen (15) feet by Fifteen (15) feet in the
northwest corner of Lot Two (2) Block "B" Stow's Addition to the
city of Dickinson, according to the plat thereof on file and of
record in the office of Register of Deeds in and for Stark
County, N.D. described as follows, to-wit: Beginning at the
northwest corner of said Lot Two (2) at a point where the north
line of said lot intersects the east line of the alley in said
Block "B", thence directly south along the west side of said
alley a distance of Fifteen (15) feet; thence directly east a
distance of Fifteen (15) feet; thence directly north a distance
of Fifteen (15) feet; thence directly west along the north line
of Lot Two (2) a distance of Fifteen (15) feet to the point of
beginning.
Item 45420. Dickinson Gas Regulator Station
A strip of land Fifteen feet by fifteen feet (15ftx15ft) in the
northeast corner of Lot Ten (10) Block Thirty Nine (39) original
plat of the city of Dickinson, described as follows, to-
wit: Beginning at a point where the west line of the alley
running north & south in said block intersects with the north
line of said Lot Ten (10) --- thence directly south along the
east line of said Lot 10, a distance of Fifteen (15) feet; thence
directly west a distance of Fifteen (15) feet; thence directly
North, a distance of Fifteen (15) feet; thence directly east
along the north line of said Lot 10, a distance of fifteen (15)
feet, to the place of beginning.
Item 45421. Dickinson Gas Regulator Station
A strip of land Fifteen (15) feet by Fifteen (15) feet in the
Northeast corner of Lot Ten (10) Block "G" Dakota Land &
Colonization Company's Addition to the town, now city, of
Dickinson, Stark County North Dakota, more particularly described
as follows:
Beginning at the Northeast corner of said Lot Ten (10) at a point
where the East line of said Lot intersects the South line of the
alley in said Block "G"; thence directly west along the south
line of said alley, a distance of Fifteen (15) feet; thence
directly South a distance of Fifteen (15) feet; thence directly
East a distance of Fifteen (15) feet; thence directly North along
the east line of Lot Ten (10) a distance of Fifteen (15) feet to
the point of beginning.
Item 45422. Dickinson Gas Regulator Station
A strip of land Fifteen (15) feet by Fifteen (15) feet in the
northwest corner of Lot Ten (10) Block Six (6) original plat of
the town, now city, of Dickinson, Stark County, North Dakota,
more particularly described as follows:
Commencing at the northwest corner of said Lot Ten (10) Block Six
(6) at a point where the west line of said lot intersects with
the south line of the alley in said block, thence directly south
along the west line of said lot a distance of Fifteen (15) feet,
thence directly east a distance of Fifteen (15) feet, thence
directly north to the south line of the alley in said block, a
distance of Fifteen (15) feet, thence directly west along the
south line of said alley, a distance of Fifteen (15) feet to the
point of beginning.
Item 45423. Dickinson Gas Regulator Station
A parcel of land 10' wide and 15' long rectangular in shape,
with the longest dimension extending due north and south, the
northeast corner of said parcel being located as follows:
Commencing at a point which is the intersection of the south line
of 2nd St. West and the west line of 12th Ave. West as platted
and recorded in Young's 5th Addition to the city of Dickinson,
due south 156', thence due west 159' to said northeast corner of
the rectangular parcel of land as described above, thence west
10', thence south 15', thence east 10', thence north 15' to point
of beginning.
Item 45424. Dickinson Electric Substation
All that parcel or tract of land lying in the Northeast Quarter
of the Northwest Quarter (NE1/4NW1/4) of Section Eleven (11),
Township One Hundred Thirty-nine (139) North, Range Ninety-six
(96) West of the 5th P.M., the boundaries of which are described
as follows:
Beginning at a point 1528.35 feet east of and 400.0 feet south of
the northwest corner of said Section 11, which is the true point
of beginning; thence south and parallel with the west section
line of said Section 11 a distance of 250.0 feet, thence east at
right angles thereto a distance of 250.0 feet, thence north at
right angles thereto a distance of 250.0 feet, thence west at
right angles thereto a distance of 250.0 feet to the true point
of beginning; said tract containing a total of 1.43 acres, more
or less.
Item 45425. Dickinson Gas Regulator Station
A tract of land lying in Lot Six (6) and Seven (7) of Block One
(1) Suncrest Addition to the City of Dickinson, Stark County,
North Dakota; said tract being described as follows:
Beginning at a point 197 feet East and 14 feet South of the
Northwest corner of the Southwest Quarter (SW1/4) of Section Two
(2), Township One Hundred Thirty-nine (139) North, Range
Ninety-six (96) West, of the 5th P.M., thence South along a line
parallel to and 14 feet East of the West line of said Lot 6 a
distance of 15 feet, thence East along a line parallel to and 29
feet South of the North line of said Lot 7 a distance of 15 feet,
thence North along a line parallel to and 29 feet East of the
West line of said Lot 6 a distance of 15 feet, thence West along
a line parallel to and 14 feet South of the North line of said
Lot 7 a distance of 15 feet to the point of beginning.
Item 45426. Dickinson Radio Tower
A portion of the Southwest Quarter (SW1/4) of Section Fifteen
(15), Township One Hundred Thirty-Nine (139) North, Range
Ninety-six (96) West of the Fifth Principal Meridian, more
particularly described as follows:
BEGINNING at a point 150 Feet east and 440.1 Feet north of the
Southwest Corner of the Southwest Quarter (SW1/4) of said Section
Fifteen (15); thence North and parallel to the West line of said
Section Fifteen (15) a distance of 295 Feet to a point; thence
South 60(Degree)00' East a distance of 295 Feet to a point;
thence South 60(Degree)00' West a distance of 295 Feet to the
point of beginning, said tract containing .864 acres, more or
less.
Less this tract: The west 30.0 ft. of a triangular tract of land
described as beginning east a distance of 150.0 ft., thence north
a distance of 440.1 ft. from the southwest corner of the SW1/4 of
Sec. 15, Twp. 139 N., Rge. 96 W., 5th P.M., thence running N
60(Degree)00'E a distance of 295.0 ft., thence N 60(Degree)00'W a
distance of 295.0 ft., thence south a distance of 295.0 ft. to
the point of beginning.
Tract is shown on the plat as Parcel No. 3A and contains 0.191
acres.
Item 45427. Dickinson Gas Regulator Station
A part of the Northwest Quarter of the Northwest Quarter
(NW1/4NW1/4), Section Fifteen (15), Township One Hundred Thirty
Nine (139), North, Range Ninety Six (96) West of the Fifth
Principal Meridian, described as follows: Beginning at a point
twenty (20) feet east of the northeast corner of Lot One (1),
Block One (1) of Frank's Subdivision of the Northwest Quarter
(NW1/4) of Section Fifteen (15), Township One Hundred Thirty Nine
(139) North, Range Ninety Six (96) West of the Fifth Principal
Meridian, Stark County, North Dakota; thence East twenty (20)
feet to a point; thence South twenty (20) feet to a point; thence
West twenty (20) feet to a point; thence North twenty (20) feet
to the point of beginning, containing 0.01 acres more or less
according to the survey thereof.
Item 45429. Dickinson Gas Regulator Station
A part of Lot Three (3), Block One (1) of Polensky Subdivision
located in the North One Half of the Northwest Quarter
(N1/2NW1/4) of Section Nine (9), Township One Hundred Thirty Nine
(139) North, Range Ninety Six (96) West of Fifth Principal
Meridian particularly described as follows:
Beginning at a point on the North Line which is Sixty-three (63)
feet East of the Northwest corner of said Lot three (3); thence
South and parallel to the West line of said lot a distance of
twelve (12) feet to a point; thence East and parallel to the
North line of said Lot a distance of twelve (12) feet to a point;
thence North and parallel to the West line of said lot a distance
of twelve (12) feet to a point on the North line of said lot;
thence West along said North line a distance of twelve (12) feet
to the point of beginning.
Item 45430. Dickinson Gas Regulator Station
A tract of land situated in Lot One (1) of the Subdivision of the
Southeast Quarter of the Southwest Quarter (SE1/4SW1/4) of
Section Thirty-three (33), Township One Hundred Forty (140),
Range Ninety-six (96), West of the Fifth Principal Meridian,
Stark County, North Dakota, which said tract is more particularly
described as follows:
Beginning at a point on the East Line of said Lot one (1), One
hundred twenty-five (125) feet North of the Southeast corner of
said lot, thence West and parallel to the South line of said lot
a distance of Twenty (20) feet to a point, thence South parallel
to the East line of said lot a distance of Twenty-five (25) feet
to a point, thence East a distance of twenty (20) feet to a point
on the East line of said lot, thence North along the East line a
distance of twenty-five (25) feet to the point of beginning
according to the plat thereof on file and of record in the Office
of the Register of Deeds of Stark County, North Dakota.
Item 45431. Dickinson Gas Regulator Station
A part of the Northwest Quarter of the Northwest Quarter
(NW1/4NW1/4), Section Fifteen (15), Township One Hundred
Thirty-nine (139) North, Range Ninety-six (96) West of the Fifth
Principal Meridian, particularly described as follows:
Beginning at a point four hundred (400) feet east and
Thirty-three (33) feet South of the Northwest corner of said
Section Fifteen (15), thence South parallel to the West line of
said section a distance of Fifteen (15) feet; to a point; thence
West and parallel to the North line of said section a distance of
Fifteen (15) feet to a point; thence North and parallel to the
West line of said section a distance of fifteen (15) feet to a
point; thence East and parallel to the North line of said section
a distance of Fifteen (15) feet to the point of beginning; said
tract containing 0.005 acre.
Item 45432. Dickinson Gas Regulator Station
That portion of Lot Thirteen (13), Block "J", St. Joseph's
Addition to the City of Dickinson, Stark County, North Dakota,
described as follows, to-wit:
BEGINNING at the Northwest Corner of said Lot Thirteen (13),
Block "J", St. Joseph's Addition to the City of Dickinson, Stark
County, North Dakota; thence east along the North line of said
Lot Thirteen (13) a distance of Twenty (20) feet; thence South
parallel, to the West line of said Lot Thirteen (13) a distance
of Fifteen (15) feet; thence west, parallel to the North line of
said Lot Thirteen (13), to the West line of said Lot Thirteen,
being a distance of Twenty (20) Feet, more or less; thence North
on the West Line of said Lot Thirteen (13) a distance of Fifteen
(15) feet, to the point of beginning.
Item 45433. Dickinson Gas Regulator Station
A tract of land lying in Lot 9 of the Corrected Plat of Block 8
of the Replat of Lincoln Addition to the City of Dickinson, Stark
County, North Dakota, and more particularly described as follows:
Beginning at the southwest corner of said Lot 9 of Block 8;
thence in a northerly direction along the west line of said Lot 9
of Block 8 a distance of twenty (20) feet; thence in an easterly
direction along a line parallel to and twenty (20) feet north of
the south line of said Lot 9 of Block 8 a distance of twenty (20)
feet; thence in a southerly direction along a line parallel to
and twenty (20) feet east of the west line of said Lot 9 of Block
8 a distance of twenty (20) feet; thence in a westerly direction
along the south line of said Lot 9 of Block 8 a distance of
twenty (20) feet to the point of beginning.
Item 45434. Northwest Dickinson Substation
The North One Hundred Feet (100') of Lot Sixteen (16) in the
Subdivision of the Southwest Quarter of the Southwest Quarter
(SW1/4SW1/4) of Section Thirty-three (33), Township One Hundred
Forty (140) North, Range Ninety-six (96) West of the Fifth
Principal Meridian.
Item 45435. Dickinson Service Center
A certain tract or parcel of land lying and being in the
Northwest Quarter (NW1/4) of Section Nine (9), Township One
Hundred Thirty-Nine (139) North, Range Ninety-Six (96) West of
the Fifth Principal Meridian, and more particularly described as
follows:
Beginning at a point on the north line of said Northwest Quarter
(NW1/4), a distance of seven hundred (700) feet east of the
northwest corner thereof; thence south, parallel to the west line
of said quarter, a distance of five hundred (500) feet; thence
east, parallel to the north line thereof, a distance of five
hundred fifty-eight and eight-tenths (558.8) feet; thence north,
parallel to the west line of said quarter, a distance of five
hundred (500) feet; thence west along the north line thereof, a
distance of five hundred fifty-eight and eight-tenths (558.8)
feet, to the point of beginning, according to the United States
Government Survey thereof.
Item 45436. South Dickinson Substation
The east 252 feet of a tract of land described as follows:
Commencing at the SW corner of Section 15, Township 139 North,
Range 96 West, Stark County, North Dakota; thence north along the
west boundary line of said section, a distance of 834.8 feet;
thence east along a line parallel to the south boundary line of
said section, a distance of 100 feet; thence north along a line
parallel to the west boundary line of said section, a distance of
1629 feet to the point of beginning; thence continuing along a
line parallel to the west boundary line of said Section 15, a
distance of 109 feet, thence east along a line parallel to the
south boundary line of said section, a distance of 800 feet;
thence south along a line parallel to the west boundary line of
said section, a distance of 109 feet; thence west along a line
parallel to the
south boundary line of said section, a distance of 800 feet to
the point of beginning.
Item 45437. Northeast Dickinson Substation
A tract of land in the Southeast Quarter of the Southeast Quarter
(SE1/4 SE 1/4) of Section 34, Township 140 North, Range 96 West,
Stark County, North Dakota, and more particularly described as
follows, to-wit:
Commencing 33 feet North and 50 feet West of the Southeast corner
of the Southeast Quarter of the Southeast Quarter (SE 1/4 SE 1/4)
of Section 34; thence West 100 feet; thence North 140 feet;
thence East 100 feet; thence South 140 feet to the point of
beginning.
Item 45438. Dickinson Regulator Station
Commencing ten (10) feet north of the southwest corner of Lot Ten
(10), Block One (1) of the Second Replat of Prairie Hills First
Addition, City of Dickinson, North Dakota, thence north twelve
(12) feet along the west line of Lot 10, thence east fourteen
(14) feet parallel to the south line of Lot 10, thence south
twelve (12) feet parallel to the west line of Lot 10, thence west
along the north utility line easement fourteen (14) feet to the
point of beginning.
Item 45439. Dickinson Regulator Station
The South 30 feet of the North 466 feet of the West 20 feet of
the Northeast Quarter (NE/4) of Section 34, Township 140 North,
Range 96 West of the Fifth P.M.
Item 45440. Dickinson 115KV Substation
A tract of land in the Southwest Quarter of the Southwest Quarter
(SW1/4SW1/4) of Section Twenty-eight (28), Township One Hundred
Forty (140) North, Range Ninety-five (95) West of the Fifth
Principal Meridian, more particularly described as follows:
Commencing 330 feet East and 33 feet North of the Southwest
Corner of the Southwest Quarter of the Southwest Quarter
(SW1/4SW1/4); thence due North a distance of 460 feet; thence due
East a distance of 660 feet; thence due South a distance of 460
feet; thence due West a
distance of 660 feet to the point of beginning.
Item 45441. Dickinson 115/46 KV Northwest Substation
A tract of land in the Northeast Quarter (NE1/4) of Section 29,
Township 140 North, Range 96 West of the Fifth Principal
Meridian, more particularly described as follows: Commencing at
the Northeast corner of the Northeast Quarter, thence due West
600 feet; thence due South 660 feet; thence due East 660 feet;
thence due North 660 feet to the point of beginning.
Item 45442. North Dickinson Substation
Lot Ten (10) in Block One (1) in Hewson's Third Addition to the
City of Dickinson, Stark County, North Dakota.
Item 45443. Southwest Dickinson 115KV Substation
A tract of land located in the Northeast Quarter of Section 8,
Township 139 North, Range 96 West of the 5th P.M., Stark County,
State of North Dakota, being more specifically described as
follows:
Commencing at the northwest corner of said Quarter; thence South
01(Degree)40'13" West along the west line of said Quarter 345.75
feet to the south right-of-way line of Burlington Northern
Railroad; thence North 84(Degree)27'20" East along said
right-of-way line 700 feet to the point of beginning; thence
North 84(Degree)27'20" East along said right-of-way line 552.20
feet; thence South 17(Degree)56'42" West 602.08 feet; thence
South 84(Degree)27'20" West and parallel with the north line of
said tract 552.20 feet to the east line of Tract 4 as described
in Book 114 Page 404 at Register of Deeds office, Stark County;
thence North 17(Degree)56'42" East along the east line of said
tract 602.08 feet to the point of beginning, as shown on the
attached "Exhibit A".
Said tract contains 7.00 acres, more or less.
Item 45444. Dickinson Substation -Prairie Hills Addition
A tract of land in Lot 1, Block 1, Prairie Hills Third Addition
to the City of Dickinson, Stark County, North Dakota more
particularly described as follows: Beginning at the Northeast
Corner of said Lot 1, Block 1, thence South along the East
line of said Lot 1, a distance of 120.0 feet, thence West,
parallel to the North line of said Lot 1, a distance of 145.0
feet, thence North parallel to the East line of said Lot 1, a
distance of 120.0 feet, thence East along the North line of Lot 1
a distance of 145.0 feet to the point of beginning.
Item 49125. Dickinson Broadway Substation
Lot 2, Block 2 of Glacier Park Addition to the City of Dickinson,
Stark County, North Dakota, according to the plat filed thereof.
LESS a tract of land in Lot 2, Block 2 of the Glacier Park
Addition, SW1/4SW1/4 of Section 3, Township 139 North, Range 96
West of the 5th P.M., City of Dickinson, Stark County, State of
North Dakota being more specifically described as follows:
Beginning at the southeast corner (an iron pin found) of said Lot
2, being the Point of Beginning; thence northerly on an azimuth
of 000(Degree)00'00" a recorded distance of 204.90 feet to the
northeast corner of said Lot 2 (iron pin); thence westerly on an
azimuth of 270(Degree)03'15" a recorded distance of 225.00 feet
to the northwest corner of said Lot 2 (iron pin); thence
southerly on an azimuth of 180(Degree)00'00" along the west line
of said Lot 2 a distance of 103.11 feet (set spike); thence
easterly on an azimuth of 090(Degree)00'00" along a line 102 feet
north and parallel with the south line of said Lot 2 a distance
of 144.00 feet (set iron pin); thence southerly on an azimuth of
180(Degree)00'00" along a line 144 feet east and parallel with
the west line of said Lot 2 a distance of 102.00 feet to a point
on the south line of said Lot 2 (set iron pin); thence easterly
on an azimuth of 090(Degree)00'00" along said south line of Lot 2
a distance of 81.00 feet to the Pont of Beginning. Said tract
contains 0.72 Acres, more or less.
Item 49126. Dickinson Warehouse Site
A tract of land located in Green Acres Addition to the City of
Dickinson, located in the Northwest Quarter (NW1/4) of Section 9,
Township 139 North, Range 96 West of the 5th P.M., Stark County,
North Dakota, more particularly described as follows:
BEGINNING at a point on the west line of said NW1/4 a distance of
791.0 feet south of the northwest corner of said
NW1/4, thence east along a line parallel to the north line of
said NW1/4 a distant of 650.0 feet to the true point of
beginning; thence north along a line parallel to the west line of
said NW1/4 a distance of 291.0 feet, thence east along a line
parallel to the north line of said NW1/4 a distnace of 578.8
feet; thence south along a line parallel to the west line of said
NW1/4 a distance of 291.0 feet, thence west along a line parallel
to the North line of said NW1/4 a distance of 578.8 feet more or
less to the true point of beginning.
Item 49124. Gladstone Distribution Substation
A parcel of land located in the SE1/4SE1/4SW1/4, Section 5
Township 139 North, Range 94 West of the Fifth Principal
Meridian, Stark County, State of North Dakota, being more
specifically described as follows:
Beginning at the South Quarter Corner of said Section 5; thence
on an azimuth of 270(degree)00'00" along the south line of said
Section a distance of 100.00 feet to a point on the north-south
right-of-way line of United States Interstate No. 94, being the
True Point of Beginning; thence on an azimuth of
000(degree)11'25" along said right-of-way line a distance of
140.00 feet; thence on an azimuth of 270(degree)00'00" a distance
of 80.00 feet; thence on an azimuth of 180(degree)11'25" a
distance of 140.00 feet to a point on the south line of said
Section 5; thence on an azimuth of 090(degree)00'00" along said
south line a distance of 80.00 feet to the True Point of
Beginning.
Said parcel contains 0.26 Acres.
Item 45446. Richardton Gas Regulator Station
Lot Twenty-Six (26), Block Thirty-Seven (37), of the Village of
Richardton, Stark County, North Dakota.
Item 45447. Richardton Gas Regulator Station
A strip of land Fourteen (14) feet by Twenty (20) feet in the
northwest corner of Lot Fourteen (14) Block Twenty One (21) of
the original plat to the town of Richardton, Stark County, N.D.
more particularly described as follows:
Beginning at the northwest corner of Lot Fourteen (14) at a point
where the east line of the alley, running north and south, in
said Block 21 intersects the north line of Lot
Fourteen (14), thence directly east along the north line of Lot
Fourteen (14), a distance of Twenty (20) feet, thence directly
south a distance of Fourteen (14) feet, thence directly west to
the east line of the alley, a distance of twenty (20) feet,
thence directly north along the east line of said alley a
distance of Fourteen (14) feet to the point of beginning.
Item 45448. Richardton Substation Site
Lots 5 and 6 of Block 31 of the Original Plat of the City of
Richardton, North Dakota.
Item 45449. Richardton Electric Substation
Lots Seven (7) and Eight (8), Block Thirty One (31), Original
Plat of the City of Richardton, North Dakota.
Item 45450. Taylor Gas Regulator Station
Lot Six (6) Block Thirty Six (36) of the original plat of the
Town of Taylor, North Dakota, according to the plat thereof on
file and of record in the office of Register of Deeds, Stark
County, North Dakota.
Item 45451. Taylor Electric Substation
Lots five (5) and Six (6), Block Fifty-three (53), Original Plat
of the Village of Taylor, North Dakota, being a part of the
Southeast Quarter of the Northwest Quarter (SE1/4NW1/4), Section
Thirty-three (33), Township One hundred Forty (140) North, Range
Ninety-three (93) West of the Fifth Principal Meridian.
Item 45452. Taylor Electric Substation
Lots One (1), Two (2), Three (3), Four (4), Five (5), and Six
(6), in Block Thirty-seven (37), Town (now City) of Taylor, Stark
County, North Dakota.
Item 45453. South Heart Substation
A tract of land located in the Southwest Quarter of the Southeast
Quarter (SW1/4SE1/4) of Section Twelve (12), Township One Hundred
Thirty-nine (139) North, Range Ninety-eight (98) West of the 5th
P.M., more particularly described as follows:
Commencing 192.0 feet East and 33.0 feet North of the Southwest
corner of said Southwest Quarter of the Southeast Quarter
(SW1/4SE1/4), thence at right angle to the South line of said
Southeast Quarter (SE1/4) in a northerly direction to the South
right-of-way line of the Burlington Northern Railroad, thence in
a easterly direction along the South line of the Burlington
Northern Railroad right-of-way a distance of 100.0 feet, thence
in a southerly direction a distance of 140.0 feet, thence in a
westerly direction along a line parallel to and 33.0 feet North
of the South line of said Southeast Quarter (SE1/4) of Section
Twelve (12) a distance of 100.0 feet to the point of beginning.
STUTSMAN COUNTY, NORTH DAKOTA
Item 45454. Jamestown Gas Regulator Station
North Twenty feet (20) of the East Twenty feet (20) of Lot Four
(4), Block Seventy-Six (76), Klaus Third Addition to Jamestown,
North Dakota.
Item 45455. Jamestown Regulator Station
The South Twenty (20) feet of the West Twenty (20) feet of Lot
Eight (8) in Block One (1) of Nowlins Addition to Jamestown,
North Dakota.
Item 45456. Jamestown Gas Regulator Station
The South Seventeen (17) feet of the West Seventeen (17) feet of
Lot Twelve (12) in Block Twenty (20) of the Original Townsite of
Jamestown, North Dakota.
Item 45457. Jamestown Regulator Station
The South Twenty (20) Feet of the East Twenty (20) Feet of Lot
Six (6), in Block One (1) of Dunstan's Second Addition to
Jamestown, North Dakota.
Item 45458. Jamestown Office
Lot 8 and the South 10 feet of the West 70 feet of Lot 9, Block
48, Klaus Addition to Jamestown, North Dakota.
Item 45459. Jamestown Warehouse
Lot One (1) and Two (2), Hazelton Addition to the City of
Jamestown, North Dakota.
WALSH COUNTY, NORTH DAKOTA
Item 45460. Grafton Regulator Station
The South Twenty (20) feet of the East Twenty (20) feet of Lot
Nineteen (19), of Block Nine (9) of the original townsite of
Grafton, Walsh, County, North Dakota.
Item 45461. Grafton Southwest Regulator Station
The West Twenty (20) feet of the North Half (N1/2) of Lot Eight
(8) and the South Seven and one-half (7 1/2) feet of the West
Twenty (20) feet of Lot Seven (7) of Block Two (2) of St. John's
Addition to Grafton, North Dakota.
Item 45462. Grafton Office and Warehouse
The East One Hundred (100) feet of Lot Two (2) in Block Five (5)
of Westview First Addition to the City of Grafton, Walsh County,
North Dakota.
WARD COUNTY, NORTH DAKOTA
Item 45463. Burlington Regulator Station
A tract of land 10 feet wide, being five feet on each side of the
following-described centerline: Beginning at a point located on
the southeasterly boundary of Lot 3, Ask Addition to Burlington,
North Dakota, and such point being five (5) feet northeasterly
from the southwest corner of said Lot 3; thence northwesterly
along a line that is parallel to the southwesterly boundary of
said Lot 3, for a distance of ten (10) feet; the southwest corner
of this 10'x10' tract of land is common with the southwest corner
of said Lot 3.
Item 45464. Carpio Substation Site
A tract of land in the Southwest Quarter of the Southeast Quarter
(SW1/4SE1/4) of Section One (1), Township One Hundred Fifty-Seven
(157) North, Range Eight-Six (86) West of the Fifth Principal
Meridian, more particularly described as follows:
Beginning at a point 450 feet east and 60 feet north of the
southwest corner of the Southeast Quarter (SE1/4) of said Section
One (1), thence east and parallel to the south section line of
said Section (1), a distance of 50 feet; thence north a distance
of 50 feet; thence west a distance of 50 feet; thence south a
distance of 50 feet to the point of beginning.
Said tract containing .057 acres, more or less. Said Tract known
as M.D.U. Outlot No. 1.
Item 45465. Donnybrook Substation Site
Lot Ten (10), Block Three (3), Powers First Addition to
Donnybrook, North Dakota, exclusive of land granted to North
Dakota Highway Department for highway right-of-way.
Item 45466. Kenmare Electric Substation
Lot Seven (-7-) Block Twelve (-12-) Tolley's Railway Addition to
the City of Kenmare, Ward County, North Dakota, according to plat
thereof on file and of record in the register of deeds office in
and for said County and State.
Item 45467. Kenmare Electric Substation
Lot seven (7), of Block eleven (11), Tolley's Railway Addition to
the City of Kenmare, according to the plat thereof on file and of
record in the office of the Register of Deeds of said Ward
County.
Item 45468. Kenmare Electric Substation
A tract of land in the Northeast Quarter of the Northeast Quarter
(NE1/4NE1/4) of Section Twenty-four (24), Township One Hundred
Sixty (160) North, Range Eighty-nine (89) West of the 5th P.M.,
more particularly described as follows:
Starting at a point which is the northeast corner of said Section
24, Township 160 North, Range 89 West, and thence along the north
section line of said Section 24 a distance of 417 feet, and
thence at right angles south and parallel to the east section
line of said section a distance of 417 feet, and thence at right
angles east and parallel to the north section line of said
section a distance of 417 feet; and thence at right angles north
and along the east section line of said section to the point of
beginning; constituting a tract of land of 417 feet by 417 feet
in dimensions, and containing 4 acres, more or less.
Item 45469. Kenmare Electric Substation
Outlot No. 6 in the East Half of the Northeast Quarter
(E1/2NE1/4) of Section Twenty (20), Township One Hundred Sixty
(160) North, Range Eighty-Eight (88) West of the Fifth Principal
Meridian, and more particularly described as follows: Beginning
at a point 75 feet south and 33 feet west of the northeast corner
of said Section 20; thence west a distance of 100 feet; thence
left 90(Degree)00' a distance of 300 feet; thence left
90(Degree)00' a distance of 100 feet; thence left 90(Degree)00' a
distance of 300 feet to the point of beginning. Said tract
containing .688 acres more or less.
Item 45470. Kenmare Radio Station
Outlot #8 of the Northeast Quarter (NE1/4) of Section Twenty
(20), Township One Hundred Sixty (160 North, Range Eighty-eight
(88) West of the Fifth Principal Meridian, more particularly
described as follows:
Beginning at a point 75 feet south and 1133 feet west of the
Northeast corner of Section 20, Township 160 North, Range 88 West
of the Fifth Principal Meridian; thence west a distance of 208
feet; thence left 90(Degree)00' a distance of 300 feet; thence
left 90(Degree)00' a distance of 208 feet; thence left
90(Degree)00' a distance of 300 feet to the point of beginning;
said tract containing 1.43 acres, more or less, and lying wholly
within the NE1/4 of said Section 20.
Item 45472. Minot Service Center and Storage
A tract of land situated in the SW1/4SW1/4(Lot 4) Section 19,
Twp. 155W., Rge. 82W., 4th Principle Meridian, Ward County, North
Dakota, more particularly described as follows:
Commencing at a point on the west line of said Section 19,
twenty-seven and eight tenths (27.8') feet north of the southwest
corner of said Section 19, thence northeasterly at an angle of
43(Degree)08' with the west line of Section 19, a distance of six
hundred forty-six and eight tenths (646.8') feet to a point,
thence northeasterly at an angle of 22(Degree)06' left from the
last described course, a distance of fifty-three and ninety-eight
hundredths (53.98') feet to a point, thence northwesterly at an
angle of 67(Degree)54' left of the last described course, a
distance of three hundred forty-six and seven tenths (346.7')
feet to a point, thence southwesterly at right angles to the last
described course, a distance of three hundred five and one tenth
(305.1') feet to a point on the west line of said Section 19,
thence southerly along the west section line of Section 19, a
distance of five hundred thirty-six and eight tenths (536.8')
feet to the point of beginning. Said tract containing
approximately 4.2 acres more or less.
Item 45473. Minot Gas Regulator Station
A parcel of land situated in that certain tract of land shown in
Lakeview Addition to the City of Minot as not specially platted,
numbered or designated except by the word "lake", together with
the shore line thereof; not specifically included in any block or
lot and numbered; bounded on Third Street N.E. and running in a
westerly direction to Second Street N.W., being the identical
lake, shore line and adjacent unplatted and unnumbered irregular
tracts of land used by the City of Minot for storm sewer drainage
of the area surrounding the same and lying in Lakeview Addition
and
beginning at a point on the west boundary line of Third Street
N.E. said point being twenty (20) feet north of the northeast
corner of Lot 1, Block 17 of Lakeview Addition to the City of
Minot thence west along the north boundary line of the twenty
(20) foot alleyway between Seventh Avenue N.E. and Eighth Avenue
N.E. a distance of 150 feet to the true point of beginning;
thence north a distance of 15 feet parallel with the west
boundary of Third Street N.E.; thence west at right angles a
distance of 20 feet; thence south at right angles a distance of
15 feet; thence east along the north boundary line of the
aforementioned 20 foot alleyway a distance of 20 feet, to the
true point of beginning, said tract being a parcel of land 15
feet north and south by 20 feet east and west.
Item 45474. Minot Gas Regulator Station
A parcel of land situated in Lot 6, Block 39, Brooklyn Addition
to the City of Minot, North Dakota, more particularly described
as follows: Beginning at the Southwest corner of said Lot 6;
thence north along the West boundary line a distance of 15 feet;
thence at right angles east a distance of 15 feet; thence at
right angles south a distance of 15 feet; thence at right angles
west a distance of 15 ft. to the place of beginning.
Item 45475. Minot Gas Regulator Station
A parcel of land situated and being in Lot Thirty One (31),
SUNSET HILLS ADDITION to the CITY OF MINOT, NORTH DAKOTA, and
being more particularly described as follows:
Beginning at the northeast corner of said Lot Thirty One (31)
thence south along the boundary line of said Lot Thirty One (31)
a distance of Fifteen (15) feet; thence at right angles west a
distance of Fifteen (15) feet; thence at right angles north a
distance of Fifteen (15) feet; thence East at right angles along
the north boundary line of said Lot Thirty One (31) a distance of
Fifteen (15) feet to the point of beginning.
Item 45476. Minot Gas Regulator Station
Lot Nine (9), Block One (1), Sub-Division of BLOCK THIRTEEN (13),
WEST MINOT, CITY OF MINOT, NORTH DAKOTA.
Item 45477. Minot Gas Regulator Station
A parcel of land lying and being in Lot Six (6) of Block Two (2)
of Original Plat of Floraldale Addition to the City of Minot,
Ward County, North Dakota; and more particularly described as
follows:
Beginning at the northwest corner of said Lot Six (6), thence
running south along the west boundary line a distance of Twenty
(20) feet; thence east at right angles a distance of Twenty (20)
feet; thence north at right angles a distance of Twenty (20)
feet; thence West at right angles a distance of Twenty (20) feet
to the point of beginning; and being a parcel of land Twenty feet
north and south by Twenty feet east and west (20'x20').
Item 45478. Minot Gas Regulator Station
The north ten (10) feet of the east twenty (20) feet of Lot Nine
(9), Block Eleven (11), Parkland Addition to the City of Minot,
North Dakota.
Item 45479. Minot Gas Regulator Station
A parcel of land situated in and being part of Lot Six (6), Block
Two (2), RAMSTAD'S RIVERVIEW SUBDIVISION to the City of Minot,
North Dakota, and being more particularly described as follows:
Beginning at the southeast corner of said Lot Six (6), thence
west along the south boundary line a distance of fifteen (15)
feet; thence north at right angles a distance of twelve (12)
feet; thence east at right angles a distance of fifteen (15)
feet; thence south at right angles along the east boundary line
of said Lot Six (6) a distance of twelve (12) feet to the point
of beginning.
Item 45480. Minot Gas Regulator Station
A tract of land situated in the Northeast Quarter of the
Southeast Quarter (NE1/4SE1/4) of Section Nineteen (19), Township
One Hundred Fifty Five (155) North, Range Eighty Two (82) West of
the 5TH P.M., and being more particularly described as follows to
wit:
Starting at the southeast corner of the Northeast Quarter of
the South-East Quarter (NE1/4SE1/4) of said Section Nineteen
(19), thence West along the sixteenth quarter line and also being
the center line of U.S. Highway Number (2) Two a distance of 40
feet; thence north at right angles a distance of 308.16 feet to
the TRUE Point of Beginning:
Thence north parallel with the east boundary line of the said
northeast quarter of the southeast quarter (NE1/4SE1/4) of said
Section Nineteen (19) a distance of Twenty (20) feet; thence west
at right angles a distance of Fifteen (15) feet; thence south at
right angles a distance of Twenty (20) feet; thence east at right
angles a distance of Fifteen (15) feet, to the TRUE point of
beginning. Being a tract of land Twenty (20) feet by Fifteen (15)
feet.
Item 45481. Minot Gas Regulator Station
West Twenty Five (25) feet of Lot Four (4), Block One (1),
Eastwood Park Addition to Minot, North Dakota.
Item 45482. Minot Gas Regulator Station
The South Twenty (20) Feet of the East Twenty (20 Feet of Outlot
No. 56 of the Northeast Quarter of the Southeast Quarter
(NE1/4SE1/4) of Section Twenty-one (21), Township One Hundred
Fifty-Five (155) North, Range Eighty-Two (82) West of the Fifth
Principal Meridian.
Item 45483. Minot District Regulator Station
The South Twenty feet (20) of the West Twenty feet (20) of Lot
Fourteen (14), Highland Acres Third Addition to the City of
Minot, Ward County, North Dakota.
Item 45484. South Minot District Station 12
Beginning at a point located on the North Boundary of Lot One (1)
of Thompson's Fifth Plat in the East Half (E1/2) of Section
Thirty-Five (35), Township One Hundred Fifty-Five (155) North,
Range Eighty-Three (83) West, Ward County, North Dakota, said
point being fifteen feet (15') West of the Northeast corner of
said Lot One (1); thence West, along North Boundary of Lot One
(1) a distance of twenty feet (20'); thence South along a line,
being parallel with East Boundary of Lot One (1), a distance of
thirty-five feet (35'); thence East along a line, being parallel
with North Boundary
of Lot One (1), a distance of twenty feet (20'); thence North
along a line, being parallel with East Boundary of Lot One (1), a
distance of thirty-five feet (35') to point of beginning; said
tract being 20'x35'.
Item 45485. Minot District Regulator Station
Sublot A of Lot One (1), Walhood Addition to the City of Minot,
Ward County, North Dakota.
Item 45486. Surrey Gas Regulator Station
All right of access, being the right of ingress to and egress
from Lot 9 of Mahoney's Addition (lying in the NE1/4SW1/4) of
Sec. 19, Twp. 155 N., Rge. 81 W., 5th P.M. to and from the
highway right-of-way, except that the abutting owner reserves the
right of access at 1 point, which is designated by the State
Highway Commissioner as shown on the right-of-way plat.
WILLIAMS COUNTY, NORTH DAKOTA
Item 45487. Alamo Substation
A Tract of land in the Northeast Quarter of the Southeast Quarter
(NE1/4SE1/4) of Section Twenty-one (21), Township One Hundred
Fifty-nine (159) North, Range Ninety-nine (99) NWest of the Fifth
Principal Meridian. Said tract of land being 50 feet by 50 feet.
Item 45488. Appam Electric Substation
Starting at a point 40.0 feet west of the one-quarter corner
common to Sections 28 and 29, Township 159 North of Range 100
West of the 5th Principal Meridian, thence West on the East and
West one-quarter section line of the said Section 29 a distance
of 700.0 feet, thence at an angle of 90 degrees to the right to
the south right-of-way line of Federal Highway No. 85 as it now
exists (the right-of-way line being 40.0 feet from the center
line of said highway) being the point of beginning, thence south
fifty (50') feet, thence at an angle of (90) degrees to the left,
a distance of fifty (50) feet, thence at an angle of ninety (90)
degrees to the left to the south right-of-way line of Federal
Highway No. 85 as it now exists (the right-of-way line being 40.0
feet from the center line of said highway), thence westerly along
the said right-of-way line to the point of beginning, containing
an area of 0.06 acres more or less, and all being in the
Southeast Quarter of the Northeast Quarter of said Section 29;
together with all the property situated thereon.
Item 45489. Appam Electric Substation Addition
Lot #1 of MDU First Subdivision, being a parcel of land located
in the South Half of the Southeast Quarter of the Northeast
Quarter (S1/2SE1/4NE1/4) of Section 29, Township 159 North, Range
100 West, Williams County, and more particularly described as
follows: Commencing at the East Quarter Corner of said Section
29, thence N.90(Degree)00'W along the East-West Quarter line a
distance of 610.0 feet; thence N.0(Degree)00'W a distance of
432.6 feet to the true point of beginning; thence
S.86(Degree)25'40"W along the South R.O.W. line of abandoned
Highway #85 a distance of 180.35 feet to a point; thence
N.0(Degree)00'W a distance of 80.18 feet to a point; thence
N.86(Degree)25'40"E along the North R.O.W. line of said abandoned
Highway #85 a distance of 180.35 feet to a point;
thence S.0(Degree)00'W a distance of 80.18 feet to the true point
of beginning, containing 0.33 acres more or less.
Lot #2 of MDU First Subdivision, being a parcel of land located
in the South Half of the Southeast Quarter of the Northeast
Quarter (S1/2SE1/4NE1/4) of Section 29, Township 159 North, Range
100 West, Williams County, more particularly described as
follows: Commencing at the East Quarter Corner of said Section
29, thence N.90(Degree)00'W along the East-West Quarter line a
distance of 740.0 feet; thence N.0(Degree)00'E along the west
property line of the William R. Larson Post #6139 VFW Club a
distance of 299.31 feet to the true point of beginning; thence
continuing N.0(Degree)00'E a distance of 75.20 feet to a point;
thence N.90(Degree)00'E a distance of 50.0 feet to a point;
thence N.0(Degree)00'W a distance of 53.09 feet to a point
located on the South R.O.W line of abandoned Highway #85; thence
N.86(Degree)25'40"E along said South R.O.W. line a distance of
80.15 feet to a point; thence S.0(Degree)00'W. a distance of
111.84 feet to a point on the North R.O.W. line of existing
Highway #50; thence S.80(Degree)37'53"W along the said North
R.O.W. line a distance of 131.76 feet to the true point of
beginning, containing 0.29 acres more or less.
Lot #3 of MDU First Subdivision, being a parcel of land located
in the South Half of the Southeast Quarter of the Northeast
Quarter (S1/2SE1/4NE1/4) of Section 29, Township 159 North, Range
100 West, Williams County, more particularly described as
follows: Commencing at the East Quarter Corner of said Section
29, thence N.90(Degree)00'W along the East-West Quarter line a
distance of 740.0 feet; thence N.0(Degree)00'W along the West
property line of William R. Larson Post #6139 VFW Club a distance
of 299.31 feet to the true point of beginning; thence
S.80(Degree)37'53"W along the North R.O.W. line of Highway #50 a
distance of 50.67 feet to a point; thence N.0(Degree)00'W a
distance of 130.30 feet to a point located on the South R.O.W.
line of abandoned Highway #85; thence N.86(Degree)25'40"E along
said South R.O.W. line of Highway #85 a distance of 50.10 feet to
a point; thence S.0(Degree)00'W a distance of 125.20 feet to the
true point of beginning, containing 0.15 acres more or less.
Item 45490. Grenora Electric Substation
A parcel of land lying in the South Half of the Northwest
Quarter (S1/2NW1/4) of Section Twelve (12), Township One Hundred
Fifty-nine (159) North, Range One Hundred Three (103) West, more
particularly described as follows:
Beginning at a point 634 feet west of the northeast corner of the
S1/2NW1/4 of Section 12, which point is on the quarter-quarter
line between the N1/2NW1/4 and the S1/2NW1/4 of said Section 12;
thence west along the said quarter-quarter line a distance of 70
feet; thence at right angles and south to the north boundary line
of State Highway No. 50 a distance of 62.72 feet, more or less;
thence 79(Degree)50' east which is also the north boundary line
of State Highway No. 50 a distance of 71.11 feet, more or less;
thence north 75.27 feet, more or less, to point of beginning,
which tract contains .11 acre more or less.
Item 45492. Ray Substation
A tract of land in the Northwest Quarter of Section 16, Township
156 North, Range 97 West, Fifth Principal Meridian, Williams
County, North Dakota, more specifically described as follows:
Beginning at the Northeast corner of said Northwest Quarter of
Section 16, thence due South along the quarter line a distance of
506.1 feet, thence due West a distance of 227.5 feet to a point,
thence South 63(Degree)12' West a distance of 91.1 feet to a
point, thence North 39(Degree)20' West a distance of 58.40 feet
to the POINT OF BEGINNING, thence continuing North 39(Degree)20'
West a distance of 45.41 feet, thence North 51(Degree)12' East a
distance of 116 feet, thence South 26(Degree)48' East a distance
of 41.14 feet, thence South 48(Degree)26' West a distance of
107.09 feet to the POINT OF BEGINNING.
Item 45493. Tioga Electric Switching Station
An undivided seven-ninths (7/9) interest in and to a square tract
of land in the SE1/4 of Section 23, Township 157 North, Range 95
West, described as follows: Beginning at a point 1112 feet west
and 33 feet north of the southeast corner of Section 23, thence
in a westerly direction parallel to the southern section line of
said section a distance of 417 feet, thence north at a
90(Degree)angle a distance of 417 feet, thence east at a
90(Degree) angle a distance of 417 feet, thence south at a
90(Degree) angle a distance of 417 feet to the point of
beginning, containing four acres, more or less, excepting and
reserving
unto the grantors herein all of the oil, gas and other minerals,
together with right of ingress and egress.
Item 45494. Tioga Substation Site
Outlot No. One (#1) of the Southeast Quarter of the Southeast
Quarter of the Southeast Quarter (SE1/4SE1/4SE1/4) Section
Twenty-Two (22) Township One Hundred Fifty-Seven (157) North of
Range Ninety-Five (95) West of the Fifth Principal Meridian,
Williams County, North Dakota, as shown on Exhibit "A" hereto
attached and hereof made a part.
Item 49127. Tioga Distribution Substation
Lots 10 and 11, Block 18, Simon's Addition, City of Tioga.
Item 49128. Tioga District Office
Lot Twelve (12) in Block Eighteen (18) of Simon's Addition to the
Village (now City) of Tioga, North Dakota, according to the
recorded plat thereof.
Item 45496. Williston Warehouse
Lots 1, 2, 3, 4 and the East 15 feet of Lot 5, Block 11,
Wittmeier's 2nd Addition, less the vacated alley South thereof;
Lot 6, Block 10, Wittmeier's 2nd Addition, including the North
half of the vacated alley adjacent thereto;
All of vacated 11th Avenue West lying between Lot 6, Block 10,
and Lot 1, Block 11, Wittmeier's 2nd Addition and that portion of
vacated 11th Avenue West described as follows:
Commencing at the Southwesterly corner of Lot 6, said Block 10;
thence Southerly along the Westerly line of said Lot 6 extended
for ten feet to the center line of the vacated alley adjacent to
said Lot 6; thence Northwesterly in a straight line to the
Southeast corner of Lot 1, said Block 11; thence Easterly in a
straight line to the point of beginning;
Item 45497. Williston Office Building Site
The West Half of Lot 4 and the East 25 Feet of Lot 5 in Block 23
of Bruegger's Second Addition to the town (now City) of
Williston, North Dakota, according to the recorded plat thereof
on file in the office of the Register of Deeds of said County.
The West 25 feet of Lot 5 and all of Lots 6, 7 and 8 in Block 23
of Bruegger's Second Addition to the City of Williston, North
Dakota, according to the recorded Plat thereof on file in the
office of the Register of Deeds of said County.
East Half (E1/2) of Lot Four (4) and West Half (W1/2) of Lot
Three (3), Block Twenty-three (23), Bruegger's Second Addition to
the City of Williston, North Dakota, together with all
improvements thereon.
Item 45498. S.E. Williston Substation
A tract of land in the Northeast Quarter of the Southeast Quarter
(NE1/4SE1/4) of Section Twenty-four (24), Township One Hundred
Fifty-four (154) North, Range One Hundred One (101) West of the
Fifth Principal Meridian. Said tract containing one acre more or
less and being more particularly described as follows:
Commencing at a point on the East line of said Section
Twenty-four (24), which point is 330.23 feet South of the East
Quarter Corner of said Section Twenty-four (24), thence South
89(Degree)49' West a distance of 223.38 feet to a point, thence
South, parallel to the East line of said Section Twenty-four
(24), a distance of 195.0 feet, thence North 89(Degree)49' East a
distance of 223.38 ft. to a point on the East Section line,
thence North along said East Section line, a distance of 195 feet
to the point of beginning, subject to easements, rights of way
and repurchase agreement of record. Except reservation of
minerals as contained in deed recorded in Book 193 of Deeds, page
614, Williams County Records.
Item 45499. Williston Gas Regulator Station
Beginning at a point Sixty-Six feet (66') west of the Northwest
Corner of Lot Four (4) in Block Four (4) of Wittmeir's Second
Addition to Williston, extending Fifty feet
(50') west, thence south One Hundred Feet (100') in parallel of
the west line of Lot Four (4) in Block Four (4) of Wittmeir's
Second Addition to Williston, thence east Fifty feet (50') thence
north One Hundred Feet (100') to the point of beginning.
Item 45500. Williston Gas Regulator Station
A plot fifteen (15) feet by fifteen (15) feet, part of Lot Ten
(10), Block Five (5), Marmon Addition to the City of Williston,
described as follows:
Beginning at a point on the east line of Lot Ten (10), fifty (50)
feet north of the south line of Lot Ten (10), thence west fifteen
(15) feet in a line parallel to south line of Lot Ten (10),
thence south fifteen (15) feet in a line parallel to east line of
Lot Ten (10) thence east fifteen (15) feet in a line parallel to
south line of Lot Ten (10) thence north fifteen (15) feet along
the east line of Lot Ten (10) to the point of beginning.
Reserving, however, to the party of the first part, his heirs,
executors or assigns, the hereinbefore described premises in fee
and absolutely forever, whenever the same shall be abandoned by
the said party of the second part, or its assigns, or used for
any other purpose than location of gas regulator station.
Item 45501. Williston Electric Generating Plant and Warehouse
The Lots One (1), Two (2), Three (3), Four (4), Five (5), Six
(6), Seven (7), Eight (8), Nine (9) and Ten (10), inclusive, in
Block Twelve (12), being the entire Block Twelve (12), of
Wittmeier Addition to the City of Williston, North Dakota;
The Lots One (1), Two (2), Three (3), Four (4), Five (5), Six
(6), Seven (7), Eight (8) and Nine (9), inclusive, in Block Nine
(9), being the entire Block Nine (9), of Wittmeier Second
Addition to the City of Williston, North Dakota;
The Lots One (1), Two (2), Three (3), Four (4), Five (5) and
Eight (8), inclusive, of Block Ten (10), of Wittmeier Second
Addition to the City of Williston, North Dakota; all according to
the recorded plats thereof in office of Register of Deeds within
and for said County;
Less: Lots 1, 2 and the East 20 feet of Lot 3, Block 12,
Wittmier Addition to the City of Williston, and the East 120 feet
of Lots 9 and 10, Block 12, Wittmier Addition to the City of
Williston (all of which may be described as the East 120 feet of
Block 12, Wittmier Addition to the City of Williston).
Item 45502. Williston Electric Generating Plant and Warehouse
The East 120 feet of the vacated alley in Block 12 of the
Wittmeier Addition, being an alley 20 feet in width which was
vacated by that certain Resolution dated October 21, 1929, filed
October 22, 1929, and recorded in Book V of Miscellaneous, at
page 561, Document No. 190032 in the Register of Deeds Office,
all in Wittmeier Addition to the City of Williston, North Dakota,
according to the original recorded plat thereof.
Item 45503. Williston Gas Regulator Station
A plot fifteen (15) feet by fifteen (15) feet, part of Lot
Twenty-one (21), Block Three (3), Original Townsite of the City
of Williston, described as follows:
Beginning at the southeast corner of Lot Twenty-one (21), Block
Three (3) Original Townsite, thence fifteen (15) feet in a
westerly direction along the south line of Lot Twenty-one (21)
thence fifteen (15) feet in a northerly direction in a line
parallel to the east line of Lot Twenty-one (21) thence fifteen
(15) feet in an easterly direction in a line parallel to south
line of Lot Twenty-one (21), thence fifteen (15) feet in a
southerly direction along the east line of Lot Twenty-one (21) to
the point of beginning.
Item 45504. Williston Gas Regulator Station
That part of Lot Seven (7) in Block Three (3) of Wegley Addition
to the City of Williston, North Dakota, described as follows:
Beginning at the Northwest corner of said Lot Seven (7), thence
East on the North line of said Lot a distance of 12 feet; thence
South at an angle of 90(Degree) a distance of 10 feet, thence
West at an angle of 90(Degree)a distance of 12 feet, thence North
at an angle of 90(Degree)a distance of 10 feet to the point of
beginning. Being a tract 12 x 10 feet in the Northwest Corner of
said Lot 7.
Item 45505. Williston Gas Regulator Station
A tract of land situated in the Northeast Quarter of the
Northeast Quarter (NE1/4NE1/4) of Section Fourteen (14), Township
One Hundred Fifty-four (154) North, Range One Hundred One (101)
West of the 5th P.M., more particularly described as follows, to
wit:
Starting at the northeast corner of said Section Fourteen (14),
thence south along the east section line a distance of six
hundred eighty-two (682) feet to a point, thence at right angles
and west parallel to the north section line a distance of eleven
hundred (1100) feet to the TRUE POINT OF BEGINNING; thence at
right angles south and parallel to the east section line a
distance of thirty (30) feet; thence at right angles west and
parallel to the north section line a distance of thirty (30)
feet; thence at right angles north and parallel to the east
section line a distance of thirty (30) feet; and thence at right
angles east and parallel to the north section line a distance of
thirty (30) feet, back to the true point of beginning; which said
tract contains 0.02 acres, more or less, and being a parcel of
land thirty (30) feet by thirty (30) feet in dimensions.
Item 45506. Williston Northwest Substation Site
A tract of land in the Southeast Quarter (SE1/4) of Section
Fifteen (15), Township One Hundred Fifty-four (154) North, Range
One Hundred One (101) West; said tract being described as
follows:
Commencing at a point on the North Line of said SE1/4 of Section
15, which point is 660 feet West of the East Quarter Corner of
said Section, thence South, at right angles to said North Line, a
distance of 200 feet, thence West at right angles a distance of
150 feet, thence North at right angles a distance of 200 feet,
thence East, along the North Line of said SE1/4 of Section 15, a
distance of 150 feet to the point of beginning.
Item 45508. Northeast Williston Substation
Lot 18 in Block 5 of ROSAAEN SUBDIVISION to the City of
WILLISTON, North Dakota, according to the recorded Plat thereof
on file in the office of the Register of Deeds for said County
and State.
Item 45509. Williston 115/230KV Substation Site
Lot Eight (8) of Section Eighteen (18), Township One Hundred
Fifty-four (154) North, Range One Hundred One (101) West,
containing 56.75 acres, more or less.
Item 46102; 47102; 48102. Williston Land Purchase
The west 35.00 feet of Lot 5, and all of Lot 6 Block 22,
Wittmeier Second Addition to the City of Williston.
Item 49129. Williston Service Center (additional land)
That part of the East one-half (E1/2) of the vacated 12th Avenue
West which adjoins Lot 6, Block 11, Wittmeier Second Addition to
the City of Williston.
BROWN COUNTY, SOUTH DAKOTA
Item 45510. Frederick Electric Substation
A tract of land in the Northeast quarter of the Northeast Quarter
(NE1/4) (NE1/4) of Section Ten (10), Township One Hundred
Twenty-seven (127), North, Range Sixty-four (64) West of the
Fifth Principal Meridian (5th P.M.) designated as Lot One (1) of
the Northeast Quarter (NE1/4) of the Northeast Quarter (NE1/4) of
Section Ten (10) described as follows: Beginning at a point in
the Northeast quarter of the Northeast Quarter of Section Ten,
Township One Hundred Twenty-Seven, North, Range Sixty-four, West
of the 5th P.M., that is, 1,226.3 ft. South and 53 ft. West of
the Northeast corner of said Section 10, being on the West
right-of-way line of Highway U.S. 281, thence South 0 degrees 07'
West along the West right-of-way line of said highway U.S. 281 a
distance of 50 ft., thence West a distance of 50 ft., thence
North a distance of 50 ft., thence East a distance of 50.1 ft. to
the point of beginning, containing .058 Acres, more or less.
BUTTE COUNTY, SOUTH DAKOTA
Item 45512. Belle Fourche Gas Regulator Station
A rectangular tract of land 18 feet north and south by ten feet
east and west, described as follows: Beginning at the Northwest
corner of Lot 10 of Block 43 of the City of Belle
Fourche, South Dakota; running thence southeast along the west
boundary line of said Lot 10, a distance of sixteen feet; thence
at right angles and to the east ten feet, and thence at a right
angle and toward the north, parallel with the west boundary line
of said lot 10 a distance of sixteen feet to the north boundary
line of said lot, thence westward along the north boundary line
of said Lot 10 to the place of beginning.
Item 45513. Belle Fourche Gas Regulator Station
Lot "A" of Lot 10 and Lot "A" of Lot 9 of Block 12 in the City of
Belle Fourche, Butte County, South Dakota, according to the Plat
which was filed for record on the 24th day of May, 1960, at 2:05
o'clock, P.M., and recorded in Plat Book 7, Page 56, said tract
sometimes referred to as Part "D" of Block 12 of the Original
Townsite of Belle Fourche, Butte County, South Dakota.
CAMPBELL COUNTY, SOUTH DAKOTA
Item 49130. Artas Distribution Substation
Tract U-1, Beck Addition to Campbell County, South Dakota,
located in the Southeast Quarter of the Southeast Quarter of the
Southeast Quarter (SE1/4SE1/4SE1/4) of Section 20, Township 128
North, Range 74 West of the 5th Principal Meridian.
Item 45514. Herreid Junction Electric Substation
A tract or parcel of land in Section Twenty-six (26), Township
One Hundred Twenty-eight North (128N), Range Seventy-six East
(76E) described as follows: Beginning at a point common to
Sections Twenty-two (22), Twenty-three (23), Twenty-six (26) and
Twenty-seven (27) in Township One Hundred Twenty-eight North
(128N), Range Seventy-six East (76E) thence East 83 feet, thence
South 83 feet, thence West 83 feet, thence North 83 feet to the
point of beginning. Situate in Campbell County, South Dakota.
Item 45515. Herreid Electric Substation
A certain tract of land located in the NW1/4NW1/4 of Section 8,
in Township 127 North, of Range 76 West of the 5th Principal
Meridian more particularly described as follows:
Beginning at the northwest corner of Section 8, Township 127
North, Range 76 West of the 5th Principal Meridian, thence
proceeding easterly along the north section line of Section 8 for
a distance of 1148.00 feet, thence south a distance of 33.00 feet
to the true point of beginning, thence east parallel to the north
section line a distance of 140.00 feet, thence south parallel to
the west section line a distance of 50.00 feet, thence west
parallel to the north section line a distance of 140.00 feet,
thence north parallel to the east section line a distance of
50.00 feet to the true point of beginning, with said described
tract of land comprised of 0.16 acres lying wholly within the
Northwest 1/4 of the Northwest 1/4 of Section 8, Township 127
North, Range 76 West of the 5th Principal Meridian, County of
Campbell, State of South Dakota, which tract shall hereafter be
known as Tract A of the NW1/4NW1/4 of the aforesaid Section 8.
Item 45516. Hague Junction Substation
Lot One (1) in the Northeast Quarter of the Northeast Quarter
(NE1/4NE1/4) of Section Twenty Seven (27) in Township One Hundred
Twenty Eight (128) North, of Range Seventy Six (76) West, of the
Fifth Principal Meridian, according to the recorded plat thereof,
which Plat was filed for record in the office of the Register of
Deeds of Campbell County, South Dakota on August 22, 1949 at 9:00
o'clock A.M. in Book 2 of Plats at Page 40 thereof.
Item 45517. Pollock Junction Substation Site
Lot Two (2), Mittleider Addition in the Northwest Quarter of the
Northwest Quarter (NW1/4NW1/4) of Section Nine (9) in Township
One Hundred Twenty-seven (127) North of Range Seventy-seven (77)
West of the Fifth Principal Meridian.
CORSON COUNTY, SOUTH DAKOTA
Item 45518. McIntosh Electric Substation
A 250' x 200' tract of land situated in the Northeast Quarter
(NE1/4) of Section Twenty-five (25), Township Twenty-three (23)
North, Range Twenty-two (22) East of the Black Hills Meridian,
Corson County, South Dakota, particularly described as follows:
Commencing at a point 1812 feet west of the northeast corner of
the NE1/4 of Section 25, Township 23 North, Range 22 East of the
Black Hills Meridian, Corson County, South Dakota; thence south
250 feet; thence west 200 feet; thence north 250 feet; thence
east 200 feet along the section line to the point of beginning.
Item 45519. McIntosh Electric Substation
A tract of land in Lot Three "A" (3A) of Subdivided Lot Three (3)
of Outlot "G" of Milwaukee Land Company's plat of Outlots of
McIntosh, South Dakota, said tract being located in the northwest
corner of said lot and more particularly described as follows:
Beginning at the northwest corner of said Lot 3A, thence easterly
along the south line of Third Street a distance of 180 feet,
thence southerly at right angles thereto a distance of 80 feet,
thence westerly at right angles thereto a distance of 180 feet;
thence northerly along the east line of Third Avenue East a
distance of 80 feet to the point of beginning.
Item 45520. Morristown Electric Substation
LOT FOURTEEN (LOT 14) OF BLOCK TWENTY-SEVEN (27) OF THE ORIGINAL
TOWNSITE OF MORRISTOWN, MORRISTOWN, SOUTH DAKOTA.
Item 45521. Selfridge Junction Hi-Line
A certain three (3) phase 14.4/24.9 KV Power line consisting of
106 poles and 107 spans erected and in place in a North-south
direction extending for a distance of 6.0424 miles beginning on
the southerly end at a point in the Northeast Quarter (NE1/4) of
Section Nineteen (19); thence north along the east sides of
Sections Eighteen (18), Seven (7) and Six (6), in township
Twenty-two (22), Range Twenty-six (26) and Section Thirty-one
(31), Thirty (30) and terminating on the north section line of
Section Nineteen (19) in township Twenty-three (23), Range
Twenty-six (26).
Item 45522. Thunder Hawk Electric Substation
A tract of land lying in the Northwest Quarter of the Northeast
Quarter (NW1/4NE1/4) of Section Twenty-six (26),
Township Twenty-three (23) North, Range Seventeen (17) East of
the Black Hills Meridian, Corson County, South Dakota, the
boundaries of which are described as follows, to-wit:
Beginning at the northeast corner of said Section 26, thence west
along the north line of said section 26, a distance of 1460.0
feet, thence south at right angles to the north line of said
section 26, a distance of 100 feet to the point of beginning of
the tract to be described, thence continuing south 75 feet,
thence west 75 feet, thence north 75 feet, thence east 75 feet,
to the point of beginning. Said described tract contains a total
of 0.13 acres more or less.
Item 45523. Watauga Substation Site
Tract U-1, Soebbing Addition to Corson County, located in the
NW1/4 NE1/4, Section 32, Township 23 North, Range 21 East,
B.H.M., Corson County, South Dakota, and more particularly
described as follows: Beginning at a point located on the north
line of Section 32, T23N, R21E and said point being
S89(Degree)59'00"W a distance of 1,826.67 feet from the northeast
corner of said Section 32; thence S89(Degree)59'00"W along the
north line of said Section 32 a distance of 100 feet; thence
S0(Degree)1'00"E a distance of 100 feet; thence
N89(Degree)59'00"E a distance of 100 feet; thence
N0(Degree)01'00"W a distance of 100 feet to the point of
beginning, containing 0.23 acre, more or less.
EDMUNDS COUNTY, SOUTH DAKOTA
Item 45524. Bowdle Electric Substation
A tract of land bounded by a line beginning at the southeast
corner of Section 16, Township 123 North, Range 73 West, Fifth
P.M., and running thence north on the section line 256.4 feet,
thence west 256.4 feet, thence south 256.4 feet to the south
section line, thence east on said section line 256.4 feet to the
point of beginning, subject to the regular public road right of
way in said tract. Said tract contains 1.51 acres, more or less.
Item 45525. Bowdle Electric Substation Addition
A tract of land in the Southeast Quarter (SE1/4) of Section
Sixteen (16), Township One Hundred Twenty-three (123)
North, Range Seventy-three (73) West of the 5th P.M., more
particularly described as follows:
Commencing at a point 256.4 feet north of the southeast corner of
the SE1/4 of Section 16, Township 123 North, Range 73 West;
thence north 85 feet along the east section line of said section,
thence west 256.4 feet parallel to the south section line of said
section, thence south 85 feet parallel to the east section line
of said section, thence east 256.4 feet parallel to the south
section line of said section to the point of beginning; this
tract containing .50 acres, more or less.
Item 45526. Bowdle Substation Site
All of Outlot Five (5) located in the Southeast Quarter (SE1/4)
of Section Twenty-one (21), Township One Hundred Twenty-three
(123) North, Range Seventy-three (73) West, in the City of
Bowdle, except that portion previously deeded to South Dakota
Highway Department and known as Lot H-2 of said Outlot Five (5).
Item 49131. Bowdle Border Station
A tract of land located in the NE1/4NE1/4NE1/4NE1/4, Section 20,
Township 123 North, Range 73 West, 5th P.M., more particularly
described as follows:
Tract U-1, M.D.U. Addition to Edmunds County, South Dakota, which
plat is filed in the office of the Edmunds County Register of
Deeds.
Item 45527. Hosmer Electric Substation
All that part of the Southeast Quarter of the Southeast Quarter
(SE1/4 SE1/4) of Section Three (3), Township One Hundred
Twenty-four North (T.124 N.) Range Seventy-three West (R.73 W.)
of the Fifth Principal Meridian (5th P.M.), Edmunds County, South
Dakota, that lies within and is bounded by the following
described traverse:
Beginning at a point that lies thirty-three (33) feet west of the
east line of said section three (3), said point also being
thirty-three (33) feet north of the south line of said section
three (3); thence bearing north eighty-nine degrees, fifty-eight
minutes west (N.89-58'W.) parallel to the south line of said
section three (3) a distance of sixty-seven (67) feet; thence
bearing north zero degrees east (N.0-00'E.) parallel to the east
line of said section three (3) a distance of sixty-seven (67)
feet; thence bearing south eighty-nine degrees, fifty-eight
minutes east (S.89-58'E.) a distance of sixty-seven (67) feet;
thence bearing south zero degrees west (S.0-00'W.) a distance of
sixty-seven (67) feet to the point of beginning.
The above described tract of land contains one hundred three
thousandths (0.103) acres, more or less, and known as Lot "A" of
SE1/4SE1/4 of Section Three (3) Township One Hundred Twenty-four
North (T.124 N.), Range Seventy-three West (R.73 W.)
Item 45528. Hosmer Substation Site
A tract of land in the Southwest Quarter of the Southeast Quarter
(SW1/4SE1/4) in Section Two (2), Township One Hundred Twenty-four
(124) North, Range Seventy-two (72) West in Edmunds County, South
Dakota, more particularly described as follows:
Commencing at a point One Thousand Four Hundred Seventy (1470)
feet West and Seventy-five (75) feet North of the Southeast
corner of the said SE1/4, thence West parallel to the South line
of said SE1/4 a distance of One Hundred Fifty (150) feet, thence
North parallel to the East line of said SE1/4 a distance of One
Hundred Fifty (150) feet, thence East parallel to the South line
of said SE1/4 a distance of One Hundred Fifty (150) feet, thence
South parallel to the East line of said SE1/4 a distance of One
Hundred Fifty (150) feet to the point of beginning.
Item 45529. Ipswich Electric Substation
Lots One (1) and Two (2) in Grove Hill Addition to Ipswich, South
Dakota.
Item 45530. Ipswich Substation
A tract of land in the Northwest Quarter (NW1/4) of Section
Twenty-two (22), Township One Hundred Twenty-three (123) North,
Range Sixty-eight (68) West, more particularly described as
follows:
Commencing at the Northwest Corner of the Northwest
Quarter (NW1/4) of said Section Twenty-two (22), thence east
along the north section line 660 feet; thence due south 660 feet;
thence due west 660 feet; to the west line of said section;
thence due north along the west section line 660 feet to the
point of beginning.
Item 46103; 47103; 48103. Roscoe Substation Site
A 100' X 100" parcel located in the NW1/4NW1/4 of Section 19,
Township 123 North, Range 70 West, Edmunds County, South Dakota,
beginning at a point located 33' South and 33' East of the
Northwest Corner of said NW1/4NW1/4 of Section 19; thence due
East a distance of 100 feet; thence due South a distance of 100
feet; thence due West a distance of 100 feet; thence due North a
distance of 100 feet to the point of beginning, subject to a
previously granted 17' wide roadway easement to Edmunds County,
South Dakota.
FAULK COUNTY, SOUTH DAKOTA
Item 45532. Seneca Electric Substation
Lot A of the NW1/4 of Section Ten (10), Township 118 North, Range
73, West of the 5th P.M., also described as a tract of land lying
in the NW1/4NW1/4 of Section Ten (10), Township 118 North, Range
73, West of the 5th P.M., Potter County, South Dakota, the
boundaries of which are described as follows, to-wit:
Beginning at a point 100 feet south and 33 feet east of the
northwest corner of said Sec. 10, and thence east 100 feet,
thence south 50 feet, thence west 100 feet, thence north 50 feet
to the point of beginning, which tract contains 0.12 acres, more
or less.
GRANT COUNTY, SOUTH DAKOTA
Item 45533. Big Stone Power Plant
Parcel 1
All of Section Twelve (12), Township One Hundred Twenty-one (121)
North, Range Forty-seven (47) West of the Fifth Principal
Meridian.
LESS
Parcel A in the SW 1/4 of Section 12, Township 121 North, Range
47 West, Grant County, South Dakota, and Parcel B in the SE 1/4
of Section 11, Township 121 North, Range 47 West, Grant County,
South Dakota.
Parcel 2
All of Section 7, Township 121, Range 46, except approximately 6
acres in the NE corner of SE1/4 thereof deeded to the Big Stone
City Cemetery Association by that certain deed of record in the
office of the Register of Deeds of Grant County, South Dakota,
Volume 16 of Deeds at page 544.
Parcel 3
E1/2 of Section 11, Township 121, Range 47, except the NW1/4 of
NE1/4 thereof.
LESS
Parcel B in the Southeast Quarter (SE 1/4) of Section Eleven
(11), Township One Hundred Twenty-One (121) North, Range
Forty-Seven (47) West of the Fifth Principal Meridan, Grant
County, South Dakota, according to the recorded plat thereof.
Parcel 4
The following described lands in the E1/2 of Section 18, Township
121, Range 46:
The NE1/4 North of the Road known as the Yellowstone Trail except
the Cheese Company Outlot as the plat of the same is filed in the
office of the Register of Deeds of Grant County, South Dakota in
plat envelope #725.
AND
The West 1613 feet of that part of the NE1/4 of Section 18,
Township 121, of Range 46, lying South of the highway known as
the Yellowstone Trail, passing in an easterly direction through
said quarter, excepting that part deeded for cemetery purposes to
St. Charles Catholic Church of Big Stone City, which deed was
filed for record at 6:00 P.M., October 31, 1884, and was recorded
in Vol. 6, page 230. The above deeded land containing 20 acres
more or less.
AND
SE1/4 of said Section 18, Northerly of the present right of way
of the Chicago, Milwaukee, St. Paul and Pacific Railroad
including that part of Outlot 47 (which is also described as the
NE1/4 of SE1/4 except Outlot 48) and including the abandoned
right of way of the Chicago, Milwaukee, St. Paul and Pacific
Railroad Company.
All of the W1/2 of Section 18, Township 121, Range 46 except Hays
Outlot which is filed in the office of the Register of Deeds of
Grant County, South Dakota in plat envelope #719; and a tract of
land 16 rods wide east and west and 45 rods long north and south
located in the extreme southwest corner of the NW1/4 of the SW1/4
of Section 18, in Township 121 North, Range 46, also described by
metes and bounds as follows: Commencing at the Southwest corner
of the NW1/4 of the SW1/4 of Section 18, in Township 121, Range
46, thence North 45 rods, thence East 16 rods, thence South 45
rods, thence West 16 rods to the place of beginning; and also the
SW1/4 of the SW1/4.
LESS
The West 500 feet of the South 403 feet of the North 2351 feet of
the Southwest 1/4 of Northeast 1/4 of Section 18, Township 121,
Range 46, EXCEPTING that part deeded for cemetery purposes to St.
Charles Catholic Church of Big Stone City, which deed was filed
for record of 6:00 p.m. on October 31, 1884 and was recorded in
Volume 6, page 230. AND the East 140 feet, of the South 403 feet,
of the North 2351 feet of the Southeast 1/4 of the Northwest 1/4
of Section 18, Township 121, Range 46. Said parcel contains 2.92
acres, more or less.
Parcels 5 and 6
N1/2 of Section 13, Township 121, Range 47 North of Whetstone
Creek, more particularly described as follows:
The NE1/4of NE1/4;
That part of the SE1/4 of NE1/4 which is North and
East of Whetstone Creek;
The NW1/4 of NE1/4;
The SW1/4 NE1/4, North and West of Whetstone Creek;
The E1/2 of NW1/4, North and West of Whetstone Creek;
The W1/2 of NW1/4
AND
The E1/2 of NE1/4 of Section 14, Township 121, Range 47.
Parcel 7
The South 150 feet of Lot One (1) and the North 150 feet of the
South 300 feet of Lot One (1) except the West 700 feet thereof in
Section 8, Township 121, Range 46, and the North 150 feet of the
SW1/4 NW1/4 of Section 8, Township 121, Range 46 (including
Outlot 67 of Big Stone City), except parts thereof deeded to
Grant County and to the State of South Dakota for highway
purposes. Reserving, however, to the grantor the right to use the
surface of said land, not used by the grantee, except that no
structures shall be placed thereon.
Parcel 8
All of Outlot Sixty-eight "A" (68A) except the east 225 feet
thereof, and all of Outlot Sixty-eight "B" (68B), in the City of
Big Stone, Grant County, South Dakota.
HUGHES COUNTY, SOUTH DAKOTA
Item 49132. Pierre Regulator Station
Lot AR2, being a part of the North Half of the Southeast Quarter
of the Southeast Quarter (N1/2SE1/4SE1/4) of Section Twenty seven
(27), in Township One Hundred Eleven (111), Range Seventy-nine
(79), West of the 5th P.M., Hughes County, South Dakota.
Item 49133. Pierre North Border Station
Lot 7 of Hunsley's Outlot located in the SE1/4 of Section 18,
Township 111 North, Range 78 West of the Fifth Principal
Meridian.
LAWRENCE COUNTY, SOUTH DAKOTA
Item 50105. Lead Above Ground Valve
MDU Lot of Block Q, Moulton Terrace Addition to the City of Lead,
being a portion of the Matey Mae Fraction patented lode mining
claim, M.S. 1579 and the Moulton patented lode mining claim, M.S.
512, all as shown on that certain plat recorded in the Office of
the Lawrence County Registar of Deeds as Document Number
2000-4514, and comprising .01 acres, more or less.
Item 45535. Lead Regulator Station Site
A right of way six (6) feet in width for the purpose of laying,
constructing, operating, maintaining, repairing, and removing a
gas pipe line, including necessary pipes and equipment, being
three feet on each side of the center line thereof as the same
has been surveyed and constructed through, over, under, across,
and upon the following named lode mining claims, designated by
the Surveyor General of South Dakota as the following respective
Survey Numbers, and situated in the County of Lawrence, State of
South Dakota, to wit:
Cashier Lode, Mineral Survey No. 243; Hiawatha Fraction Lode,
Mineral Survey No. 1017; Flower of the Hills Lode, Mineral Survey
No. 521; Carrie Chambers Lode, Mineral Survey No. 954A; Palestine
Lode, Mineral Survey No. 1036; and Crown Point Lode, Mineral
Survey No. 514;
Item 45536. Lead Regulator Site
A tract of ground situated on the Baxter Lode, Mineral Survey No.
550, the northeast corner of which tract lies in a southeasterly
direction from Corner No. 3 of said Baxter Lode about three
hundred eighty feet, and running thence southwesterly twenty
feet, thence southeasterly twenty feet, thence northeasterly
twenty feet, and thence northwesterly twenty feet to the place of
beginning; upon which tract is now situated what is known as the
Gold Run Creek Regulator Station;
A tract of ground situated on the Hiawatha Fraction Lode, Mineral
Survey No. 1017, and the Cashier Lode, Mineral Survey No. 243,
the southwest corner of which tract lies in a northwesterly
direction from Corner No. 5 of said Hiawatha Fraction Lode about
three hundred ten feet, and running thence northerly fifteen
feet, thence easterly twenty-five feet, thence southerly fifteen
feet, and thence westerly twenty-five feet to the place of
beginning; upon which tract is now situated what is known as the
Homestake Mine Shop Regulator Station;
A tract of ground situated on the Big Horn Lode, Mineral Survey
No. 1020, the southwest corner of which tract lies in a
northeasterly direction from Corner No. 2 of said Big Horn Lode
about one hundred eighty feet, and running thence northeasterly
twenty-five feet, thence northwesterly twenty feet, thence
southwesterly twenty-five feet, and thence southeasterly twenty
feet to the place of beginning; upon which tract is now situated
what is known as the Big Horn Lode Regulator Station;
A tract of ground situated on the Black Hills Eagle No. 1 Lode,
Mineral Survey No. 1579, the northeast corner of which tract lies
in a southerly direction from Corner No. 3 of said lode about one
hundred fifteen feet, and running thence southwesterly twenty
feet, thence southeasterly forty-five feet, thence northeasterly
twenty feet, and thence northwesterly forty-five feet to the
place of beginning; upon which tract is now situated what is
known as the High Pressure Regulator Station on Poorman Road.
Item 45537. Lead Regulator Site (R/W only)
A parcel of ground the southwest corner of which lies in a
southeasterly direction from Corner No. 2 of the Echo lode, M.S.
879, about 60 feet. Thence, in a northeasterly direction about 12
feet; thence in a northwesterly direction about 12 feet; thence,
in a southwesterly direction about 12 feet; thence, in a
southeasterly direction about 12 feet to place of beginning.
Item 45538. Lead Regulator Site (R/W only)
A tract of ground situated on the Nun Such Lode, Mineral Survey
No. 353, the Northeast corner of which tract bears South
89(Degree) 46' East 122.56 feet from Corner No. 5 of said Nun
Such Lode, and running thence South 26(Degree) 23' West 20.00
feet, thence North 63(Degree) 37' West 20.00 feet, thence North
26(Degree) 23' East 20.00 feet, and thence South 63(Degree) 37'
East 20.00 feet to the place of beginning, and containing an area
of nine-thousandths (.009) of an acre.
Item 45539. Lead Regulator Site (R/W only)
A tract of ground situated on the Acme Lode, Mineral Survey No.
741, described as follows:
Beginning for Corner No. 1 of said tract at Corner No. 1 of said
Acme Lode, and running thence South 85(Degree) 51' West 21.00
feet to Corner No. 2, thence South 32(Degree) 14' East 14.00 feet
to Corner No. 3, thence North 69(Degree) 37' East 18.92 feet to
Line 1-6 of said Acme Lode, for Corner No. 4, and thence North
32(Degree) 14' West 8.00 feet to place of beginning, and
containing an area of five-thousandths of an acre.
Item 45542. Spearfish Office Building
The West Half (1/2) of lot one (1) in block forty-one (41) in the
City of Spearfish, Lawrence County, South Dakota.
Item 45543. Spearfish Gas Regulator Station
Lot Number Six (6) in Block Number Forty (40) in Ramsdells
Addition to the City of Spearfish, Lawrence County, South Dakota
according to the official Plat thereof recorded with the Register
of Deeds of said County and State.
LESS: A part of Lot 6, Block 40, Ramsdell's Addition to the City
of Spearfish, more particularly described as follows:
Beginning at the southwest corner of said Lot 6, thence
northeasterly along the southeasterly line of said Lot 6 a
distance of thirty-five (35') feet to the point of beginning of
the tract to be conveyed; thence continuing along the
southeasterly line of said Lot 6 a distance of twenty-seven and
three tenths (27.3') feet to the southeasterly corner of said Lot
6, thence north along the east line of said Lot 6 to the
northeast corner of said Lot 6, thence southwesterly along the
northwesterly line of said Lot 6 a distance of thirty-seven and
eight tenths (37.8') feet to a point which is thirty-five (35')
feet from the northwest corner of said Lot 6, thence
southeasterly a distance of fifty (50') feet to the point of
beginning. Said tract containing approximately .037 acres, more
or less.
Item 45544. Spearfish Gas Regulator Station
THE EAST SIXTEEN (16) FEET, OF THE SOUTH TWENTY (20) FEET OF LOT
TEN (10) IN BLOCK NUMBERED TEN (10) OF THE WEST ADDITION TO THE
CITY OF SPEARFISH.
Item 45545. Spearfish Gas Regulator Station
Starting at Point 1; the south-east corner of Lot 9, Block 30,
Original Townsite, Spearfish, South Dakota and following in a
northerly direction along the east lot line on Lot 9 for a
distance of 10' to point #2. From Point #2 follow in a westerly
direction on a line that is 90 deg. from the east lot line of Lot
#9 for a distance of 10' to Point #3. From Point #3 follow in a
southerly distance on an angle parallel to the east lot line of
Lot #9 for a distance of 10' to Point #4 which will be on the
south lot line of Lot #9.
Item 45547. Spearfish Gas Regulator Station
Fraction Block 82 in the Original Town, Now City, of Spearfish as
shown on the recorded Plat thereof in the Office of the Register
of Deeds, of Lawrence County, South Dakota.
McPHERSON COUNTY, SOUTH DAKOTA
Item 45550. Greenway Electric Switching Station
A parcel of land in the Southeast corner of the Southeast Quarter
(SE1/4) of Section Twenty-three (23), Township One Hundred
Twenty-eight (128) North, Range Seventy-three (73) West, of the
5th, Principal Meridian, more particularly described as follows:
Commencing at a point in the Southeast corner of said Section,
Township, and Range, 56 feet North and 33 feet West to a point,
thence running West parallel with Section line a distance of 150
feet, thence running North a distance of 148.5 feet, thence
running East a distance of 150 feet, thence running South
parallel with Section line a distance of 148.5 feet to the point
of beginning, containing .51 acres, more or less.
Item 45551. Hillsview Electric Substation
All that part of the Southeast Quarter of the Southeast Quarter
(SE1/4SE1/4) of Section Two (2), Township One Hundred Twenty-five
North (T.125 N), Range Seventy-three West (R.73W) of the Fifth
Principal Meridian (5th P.M.) McPherson County, South Dakota,
that lies within and is bounded by the following described
traverse:
Beginning at a point that lies Thirty-three (33) feet West of the
east line of said Section Two (2), said point also lying Fifty
(50) feet North of the south line of said Section Two (2); thence
bearing north eighty-nine degrees, Fifty-five minutes West
(N.89-55'W.) parallel to the south line of said Section Two (2) a
distance of Sixty-seven (67) feet; thence bearing North zero
degrees east (N.0-00'E) parallel to the East Line of said Section
Two (2) a distance of Fifty (50) feet; thence bearing south
Eighty-nine degrees, fifty-five minutes East (S.89-55'E.) a
distance of Sixty-seven (67) feet; thence bearing South zero
degrees West (S.0-00'W.) a distance of Fifty (50) feet to the
point of beginning.
The above described tract of land contains seventy-seven
thousandths (0.077) acres, more or less, and known as Lot "A" of
SE1/4SE1/4 of Section Two (2), Township One Hundred Twenty-five
North (T.125N) Range Seventy-three West.
Item 45552. Hillsview Substation Addition
A tract of land in the Southeast Quarter (SE1/4) of Section
Two (2), Township One Hundred Twenty-five (125) North, Range
Seventy-three (73) West more particularly described as follows,
to wit:
Beginning at a point Thirty-three (33) feet West and One Hundred
(100) feet North of the Southeast corner of said SE1/4, thence
due North a distance of One Hundred (100) feet, thence due West a
distance of One Hundred Fifty (150) feet, thence due South a
distance of One Hundred Fifty (150) feet, thence due East a
distance of Eighty-three (83) feet to the Southwest corner of Lot
"A", thence North along the West line to the Northwest corner of
Lot "A", thence East along the North line of Lot "A" to the point
of beginning. Containing .439 acres more or less.
MEADE COUNTY, SOUTH DAKOTA
Item 45553. Sturgis Regulator Site
West Forty feet (40') of Lot Six (6), Block No. Two (2) of
Rodebank's Addition to the City of Sturgis, according to the
accepted plat thereof on file in the office of the Register of
Deeds for said County.
Item 45554. Meade County Regulator Station
A parcel of land lying in the Northeast Quarter of the Northwest
Quarter of Section 11, in Township 2 North, Range 8, East of the
Black Hills Meridian, in Meade County, South Dakota, described as
follows:
Beginning at the Northwest corner of said Section 11, thence
running East along the North boundary line of said Section 11 a
distance of 1416 feet, thence South parallel with the West
boundary line of said Section 11 a distance of 33 feet to the
true point of beginning, thence South parallel with the West
boundary line of said Section 11 a distance of 70 feet, thence
East parallel with the North boundary line of said Section 11 a
distance of 50 feet, thence North parallel with the West boundary
line of said Section 11 a distance of 70 feet, thence West
parallel with the North boundary line of said Section 11 a
distance of 50 feet to the true point of beginning, said parcel
containing .08 acre, more or less; it being the intention of this
conveyance to exclude a strip of land 33 feet in width along the
North boundary of the herein-described parcel of land, which is
surveyed and designated
as a public roadway.
PENNINGTON COUNTY, SOUTH DAKOTA
Item 50106. Rapid City Gas Regulator Station
Lot 1 of Dan's Supermarket Tract Revised Located in Block 66 of
the Original Townsite of Rapid City, Pennington County, South
Dakota.
LESS
Lot H1 in Lot 1 of Dan's Supermarket Tract revised, located in
Block 66 of the Original Townsite of Rapid City, Pennington
County, South Dakota. Said Lot H1 contains 234 sq. ft., more or
less.
Item 50107. Rapid City Service Center
Lot 1 of MDU Subdivision, as depicted on the Plat recorded at the
Pennington County Register of Deeds office at Plat Book 29, Page
220.
Item 45555. Rapid City Gas Regulator Station
The rear 15 Feet of Lot 19, Block 16, Flormann Addition to Rapid
City, South Dakota, according to the accepted and recorded plat
thereof on file and of record in the office of the Register of
Deeds of said County of Pennington, South Dakota.
Item 45556. Rapid City Gas Regulator Station
Beginning at the Northwest corner of Lot 1 of Block 14 in
Boulevard Addition to the City of Rapid City, South Dakota, and
running South along the West line of said Lot 1, a distance of 25
feet; thence due East a distance of 16 feet. Thence due North a
distance of 25 feet, to the North line of said Lot 1; thence due
West a distance of 16 feet, to the point of beginning.
It being intended to convey a tract of land in the Northwest
Corner of said Lot 1, 25 feet North and South, and 16 feet
East and West.
Item 45557. Rapid City Gas Regulator Station
A tract of land located in the Southwest Corner of Lot Twelve in
Block Eighty-one of the Original Townsite of the City of Rapid
City, South Dakota, described as follows:
Beginning at the Southwest corner of the said Lot 12, Block 81,
and running thence East along the South line of said Lot a
distance of ten feet; thence North parallel to the West line of
said Lot 12, a distance of ten feet; thence West parallel to
South line to the West line of said Lot 12 a distance of ten
feet; thence South along the West line of said Lot 12 a distance
of ten feet to the point of beginning, it being intended to
convey a tract of ground in the Southwest Corner of said Lot
Twelve 10 feet wide and 10 feet long.
Item 45558. Rapid City Gas Regulator Station
That part of Lot Ten (10) in Block One Hundred Twelve (112) of
the Original Townsite of the City of Rapid City, South Dakota,
described as follows:
Beginning at the Southwest corner of said Lot Ten (10); thence
North along the West line of said lot thirteen and two-tenths
(13.2) feet; thence East and parallel to the South line of said
lot eighteen (18) feet; thence South and parallel to the West
line of said lot thirteen and two-tenths (13.2) feet to the South
line of said lot; thence West along the South line of said lot
eighteen (18) feet to the point of beginning.
Item 45559. Rapid City Gas Regulator Station
Lot Eight (8) in Block Seven (7) of Schnasse's Addition to the
City of Rapid City.
Beginning at the southwest corner of said Lot 8, thence north
along the west boundary of said Lot, a distance of sixteen (16)
feet; thence east parallel with the south boundary of said Lot,
for a distance of sixteen (16) feet; thence south parallel with
the west boundary of said Lot a distance of sixteen (16) feet to
the south boundary of said Lot; thence west along the south
boundary of said Lot, a distance of sixteen (16) feet to the
point of beginning.
Item 45560. Rapid City Gas Regulator Station
That portion of Lot One (1) in Block Eighteen (18) of Gateway
Addition to the City of Rapid City, Pennington County, South
Dakota, described as follows:
Beginning at the northwest corner of the said lot One (1) and
running thence south along the west line of the said lot a
distance of twenty (20) feet, thence east at right angles to the
said west line of the said lot, a distance of forty (40) feet,
thence north to the north line of said lot, a distance of twenty
(20) feet, thence west along the north line of the said lot a
distance of forty (40) feet, to the point of beginning, it being
intended to convey a tract of land twenty feet wide and forty
feet long in the northwest west corner of the said lot;
Less: The east five feet of a tract of land twenty feet by forty
feet located in the northwest corner of Lot One, Block Eighteen,
Gateway Addition to Rapid City.
Item 45561. City Service Center
Lots 1 to 8, inclusive in Block Sixteen (16), and the Lots 1 to
30, inclusive, in Block Seventeen (17), of the Brennan &
Sweeney's Addition to the City of Rapid City, in Pennington
County, South Dakota; plus parts of vacated Sacramento, Brennan &
East St. Joseph - vacated alley block 17 & 1/2 block 16.
LESS:
Lot H-1 Lots 5,6,7 and 8 Block 16 in Brennan & Sweeney's Addition
to the City of Rapid City, Pennington County, South Dakota, as
shown by plat made by Wallace L. Larsen, Registered Land
Surveyor, under date of November 10, 1967; said plat to be filed
in the office of the Register of Deeds, Pennington County, South
Dakota. Said Lot H-1 contains 0.181 acre, more or less.
LESS:
Lots Five (5) through Eight (8) and the South Ten Feet (S10') of
the alley abutting Lot Five (5) of Block Sixteen (16) of the
Brennan and Sweeny Addition to the City of Rapid City; and Lot B
Revised of Tract 32 of Rapid City Greenway Tracts (formerly known
as: the northeast corner of Block
Seventeen (17) of Brennan and Sweeny Addition consisting of
approximately 16,000 square feet, more or less) as depicted on
the Plat recorded at the Pennington County Register of Deeds
office.
Item 45562. Rapid City Gas Regulator Station
A portion of Lot Twelve in Block Forty of the West Boulevard
Addition to Rapid City, South Dakota, described by metes and
bounds as follows: Commencing at the Northeast Corner of said Lot
12; thence 12 feet along the North line of said Lot; thence due
South 10 feet; thence due East 12 feet to the East line of said
Lot; thence North along the East line of said Lot 10 feet to the
point of beginning.
Item 45563. Rapid City Gas Regulator Station
A tract of land in Lot Thirty-nine (39) of Block One (1) of
Robbinsdale Addition to the City of Rapid City, Pennington
County, South Dakota described as follows:
Beginning at the Northeast corner of said Lot Thirty-nine (39);
thence West along the North line of said Lot, twenty-five feet
(25'); thence due south twenty feet (20'); thence due East to a
point on the East line of said Lot Thirty-nine (39), twenty feet
(20') south of the Northeast Corner of said Lot; thence North
along the East line of said Lot to the place of beginning.
Item 45565. Rapid City Gas Regulator Station
The West Twenty Feet (20') of Lot One (1), Block Six (6) Replat
of Robbinsdale Terrace Addition #2 to the City of Rapid City,
Pennington County, South Dakota.
Item 45566. Rapid City Office Building Parking Lot
Lots four (4) and five (5) in Block One-Hundred Three (103) of
the original townsite of Rapid City.
Item 45567. Rapid City Gas Regulator Station
LOT "B" of LOT 40 of BLOCK 7 of SUNRISE HEIGHTS
SUBDIVISION, situated in the Southeast Quarter of the Southeast
Quarter (SE1/4SE1/4) of Section Thirty Two (32), Township Two (2)
North, Range Seven (7) East of the Black Hills Meridian,
according to the Plat thereof, on file and of record in the
office of the Register of Deeds, Pennington County, South Dakota.
Item 45568. Rapid City Gas Regulator Station
Lot One (1) of Lot D of the Southwest Quarter (SW1/4) of the
Southwest Quarter (SW1/4) of Section Four (4), Township One
North, Range Eight E.B.H.M., Pennington County, South Dakota.
Item 45569. Rapid City Radio Station Tower
A tract of land in Sections Six (6) and Seven (7), Township Two
(2) North, Range Eight (8) East of the B.H.M., said tract being
more particularly described as follows:
commencing at a point on the south line of said Section 6
1155.00' South 89(Degree)55'34" East of the Southwest Corner of
Section 6; thence North 0(Degree)44'49" East a distance of
292.58' to a point; thence South 49(Degree)30'30" West a distance
of 165.09' to a point; thence South 63(Degree)16'29" West 410.79'
to a point on the south line of said Section 6; thence South
89(Degree)55'34" East along the South line of said Section 6 a
distance of 488.39' to the point of beginning.
Commencing at a point on the north line of said Section 7
1155.00' South 89(Degree)55'34" East of the northwest corner of
Section 7; thence South 0(Degree)34'58" West a distance of 330'
to a point; thence North 89(Degree)55'34" West a distance of
488.39' to a point; thence North 0(Degree)34'58" East a distance
of 330' to a point on the north line of said Section 7; thence
South 89(Degree)55'34" East along the north line of said Section
7 a distance of 488.39' to the point of beginning.
PERKINS COUNTY, SOUTH DAKOTA
Item 45570. Lemmon Electric Substation
Lots Three (3), Four (4), Five (5), and Six (6) of Block Ten (10)
of Smith's Addition to Lemmon, South Dakota.
Item 45571. Lemmon Electric Substation
The West One Hundred Fifty-six (156) feet of Lot Eleven (11) in
Reno Heights Addition to the City of Lemmon, Perkins County,
South Dakota.
POTTER COUNTY, SOUTH DAKOTA
Item 45573. Gettysburg Substation
Lot Two (2), Block Four (4), Brower's First Addition to
Gettysburg, South Dakota.
Item 49134. Hoven Substation
MDU Substation Tract located in the Southeast 1/4 of the
Southwest 1/4 of Section 4, Township 120 North, Range 74 West of
the Fifth Principal Meridian.
Item 45575. Lebanon Electric Substation
That certain tract or parcel of land situate in the Northwest
Quarter (NW1/4) of Section 10, Township 118 North, Range 74, West
of the 5th P.M., beginning at a point that is one hundred (100)
feet south and thirty-three (33) feet east of the northwest
corner of said Northwest Quarter (NW1/4) of Section 10, thence
east a distance of sixty-seven (67) feet on a line parallel with
the north line of said quarter, thence south at a right angle a
distance of fifty (50) feet, thence west at a right angle a
distance of sixty-seven (67) feet, and thence north at a right
angle a distance of fifty (50) feet to the point of beginning.
Item 45576. Tolstoy Electric Substation
A tract of land designated as Lot A, lying in the Northwest
Quarter of the Northwest Quarter of Section 10, in Township 120
North, Range 73, West of the 5th Principal Meridian, in Potter
County, South Dakota, lying within and bounded by the following
traverse:
Commencing at a point which is 119.7 feet South and 33 feet East
of the Northwest corner of said Section 10, thence
due East a distance of 50.0 feet to a point, thence due South at
an angle of 90 degrees 00 minutes a distance of 50.0 feet to a
point, thence due West at an angle of 90 degrees 00 minutes a
distance of 50.0 feet to a point, thence due North at an angle of
90 degrees 00 minutes a distance of 50.0 feet to the point of
beginning, containing 0.06 acre, more or less.
SULLY COUNTY, SOUTH DAKOTA
Item 49136. Agar Border Station
A tract of land located in the Northwest Quarter of the northwest
Quarter (NW1/4NW1/4) of Section Twenty-five (25), T-116N.,
R-77W., of the 5th P.M. as described in the following; From the
Northwest corner of said Section Twenty-five at a bearing of S
0(Degree)00'00"E a distance of Fifty-eight point five (58.50)
feet, thence S 89(0)23'31" E., Thirty-three (33) feet to the
point of beginning, thence along the same bearing, Fifty (50)
feet, thence S 0(Degree)00'00"E., Fifty (50) feet, thence S
89(Degree)23'31" W., Fifty (50) feet, thence N 0(Degree)00'00"E.,
Fifty (50) feet to the point of beginning, said tract to be known
as Montana-Dakota Utilities Co. Lot 1.
Item 49135. Onida Gas Distribution Station
Montana-Dakota Utilities Co. Lot 1, a Subdivision of Outlot D,
located in the Northeast Quarter of the Southeast Quarter
(NE1/4SE1/4) of Section 11, Township 114 North, Range 77 West of
the 5th Principal Meridian.
WALWORTH COUNTY, SOUTH DAKOTA
Item 45577. Alaska Substation Site
The South 133 feet of the West 133 feet of the SW 1/4 SW 1/4 of
Section 32, Township 122 North, Range 76 West, Walworth County,
South Dakota.
Item 45578. Glenham Substation
Commencing at a point five hundred and ninety five and two-tenths
(595.2) feet South and three hundred nineteen and three-tenths
(319.3) feet West of the Northeast corner of the Northeast
quarter (NE1/4) of Section twenty-six (26),
Township 124 North, Range 78 West, Walworth County, South Dakota;
thence South six hundred (600) feet parallel to the East Section
line of said Section, thence West seven hundred (700) feet
parallel to the North Section line of said Section, thence North
six hundred (600) feet parallel to the East Section line of said
Section, thence East seven hundred (700) feet parallel to the
North Section line of said Section to the point of beginning.
This tract contains 9.64 acres more or less.
Item 49137. Glenham Gas Distribution Station
Tract U-1, Hoffman Addition to Glenham, in Milwaukee Land
Company's Plat of Lot Three (3), of Outlot C to the Town of
Glenham, South Dakota.
Item 45579. Mobridge Electric Generating Plant
Lots One (1), Two (2), Three (3) and Four (4), in Block Twelve
(12) of the Original Plat of the Town (now City) of Mobridge,
together with vacated portions of abutting streets and alleys.
Item 45580. Mobridge Storage Yard
Lots Twelve (12), Thirteen (13), Fifteen A (15A) and Fifteen B.
(15B), Block Number Eleven (11), Original Plat to the City of
Mobridge, South Dakota.
Item 45581. Mobridge Electric Substation
Lot 7B, Block 5, Original Plat of the Town now City of Mobridge,
Walworth County, South Dakota.
Item 45582. Mobridge Radio Transmission Station Site
Starting at the SE Corner Section 23, T 124 N, R 79 W, 5th P.M.,
thence N 61(Degree) 40' W a distance of 1941 feet to the point of
beginning; thence N 1(Degree) 31' E a distance of 250 feet;
thence N 88(Degree) 29" E a distance of 500 feet; thence S
1(Degree) 31' W a distance of 500 feet; thence S 88(Degree) 29' a
distance of 500 feet; thence N 1(Degree) 31' E a distance of 250
feet to the point of beginning, in the County of Walworth and
State of South Dakota, a tract of land containing 5.74 acres,
more or less.
Item 45583. Mobridge Office Building
Lots Eleven (11) and Twelve (12) Block 22, Milwaukee Land
Company's First Addition to the Town, now City, of Mobridge,
Walworth County, South Dakota.
Item 45584. Mobridge Electric Substation
Following described real estate in the County of Walworth in the
State of South Dakota: a tract of land located in the
N1/2NE1/4NE1/4of Sec. 19, Twp. 124 N., R. 79 W of 5th P.M., more
particularly described as follows:
Commencing at a point, which is 381.0 ft. South and 33.0 ft. West
of the N.E. corner of above said Section 19. Thence due West at
an angle of 90(Degree)28' to the N-S Section Line, and along the
future North Property Line of 18th St. a distance of 150.00 ft.
to a point, thence due North at an angle of 90(Degree)28' a
distance of 50.0 ft. to a point, thence due East at an angle of
89(Degree)32', a distance of 150.0 ft. to a point, thence due
South at an angle of 90(Degree)28', a distance of 50.0 ft. to the
point of beginning. Said tract contains 0.17 acre, more or less.
Said tract of land will be further described as Lot 'A' of the
N1/2 of NE1/4 and NE1/4, Sec. 19, T. 124N., R. 79 W., in Walworth
County, South Dakota.
Item 45585. Mobridge 115 KV Substation
A tract of land in the Southwest Quarter (SW1/4) of Section
Eighteen (18), Township One Hundred Twenty-four (124) North,
Range Seventy-nine (79) West; Said tract being 200 feet by 425
feet and containing 1.95 acres, more or less, and more
particularly described as follows:
Commencing at a point on the North line of said SW1/4 of Section
18, Township 124 North, Range 79 West a distance of 1050 feet
East of the northwest corner of said SW1/4, thence East along the
North line of said SW1/4 of Section 18 a distance of 425 feet,
thence at right angles and South a distance of 200 feet, thence
at right angles and West a distance of 425 feet, thence at right
angles and North 200 feet to the point of beginning.
Item 45586. East Mobridge Addition
Lots Seven (7), Eight (8) and Nine (9), Block One (1), East
Mobridge Addition to the City of Mobridge, South Dakota.
Item 49139. Mobridge Garage Site
Lot Fifteen D (15D), Block Eleven (11), Original Plat of the City
of Mobridge, South Dakota.
Item 49140. Mobridge Garage Site
Lot Fifteen C (15C), Block Eleven (11), Original Town (Now City)
of Mobridge, South Dakota.
Item 49141. Mobridge Border Station
Tract U-1, M.D.U. Addition to Walworth County, located in the
NW1/4NW1/4NW1/4 of Section 27, Township 124 North, Range 79 West
of the 5th P.M.
Item 45587. Selby Electric Substation
That portion, tract, or parcel of the Northwest Quarter (NW1/4)
of Section Five (5), Township One Hundred Twenty Three (T.123)
North, Range Seventy Six (R.76), West of the 5th P.M. beginning
at the northwest corner of said quarter, thence east from said
northwest corner for One Hundred (100) feet, thence south for One
Hundred (100) feet, thence west for One Hundred (100) feet,
thence north One Hundred (100) feet to the place of beginning.
Item 45588. Selby Electric Substation
Lot U1 of Outlot A, of Overholser's Addition to the City of
Selby, South Dakota, according to the plat thereof now of record
in the Office of the Register of Deeds of Walworth County, South
Dakota.
Item 49138. Selby Border Station
Tract U-1, MDU Addition to Walworth County, South Dakota, located
in the NW1/4, Lot 4, Section 5, Township 123N, Range 76W of the
5th P.M.
BIG HORN COUNTY, WYOMING
Item 45589. Lovell Meter Station Site
A parcel of land situated in Lot Fifty-One (51) Township
Fifty-six (56) North, Range Ninety-six (96) West of the Sixth
(6th) Principal Meridian, being more particularly described as
follows:
Beginning at a point which lies North 89(Degree) 54' East a
distance of 1406.71 feet and North 00(Degree) 06' West a distance
of 33.0 feet from corner 3 of Lot 51-56N-96W Big Horn County
Wyoming; thence North 00(Degree) 06' West a distance of 20.0
feet; thence North 89(Degree) 54' East a distance of 15.0 feet;
thence South 00(Degree) 06' East a distance of 20.0 feet; thence
South 89(Degree) 54' West a distance of 15.0 feet to the point of
beginning. Said tract of land shall contain .00689 acres, more or
less.
CROOK COUNTY, WYOMING
Item 45592. National Lead Meter and Regulator Site
A tract of land located in the Southeast quarter of the Northwest
quarter, and in the Southwest quarter of the Northeast quarter
(SW-1/4 NE-1/4), also known as Lot Six (6), of Section Eleven
(11), Township Fifty-six (56) North, Range Sixty-one (61) West of
the Sixth Principal Meridian, being more particularly described
by metes and bounds as follows:
Commencing at the East quarter corner of said Section Eleven
(11), thence South 0(Degree)24' East along the section line a
distance of 616.5 feet to the center line of U.S. Highway No.
212, thence North 49(Degree)36' West along the center line of
said Highway 212 a distance of 3222 feet, thence South
40(Degree)24' West a distance of 345.0 feet to the TRUE POINT OF
BEGINNING:
Thence South 40(Degree) 24' West a distance of 50.0 feet; Thence
North 49(Degree) 36' West a distance of 30.0 feet; Thence North
40(Degree) 24' East a distance of 50.0 feet; Thence South
49(Degree) 36' East a distance of 30.0 feet; to the point of
beginning. Said tract of land containing 0.033 acres, more or
less.
JOHNSON COUNTY, WYOMING
Item 45593. Buffalo Gas Regulator Station
The South eighteen feet of the east fifteen feet (S 18Ft E 15Ft)
of Lot six (6) in Block Thirty (30) of the Burlington Addition to
the city of Buffalo, Wyoming, according to the recorded plat
thereof, and as is more fully shown upon the following plat.
Item 45594. Buffalo Gas Regulator Station
The west fifteen feet of the north fifteen feet (W 15Ft N 15Ft)
of Lot thirty-seven (37) and the west fifteen feet of the south
three feet (W 15Ft S 3Ft) of Lot thirty-eight (38) in Block five
(5) of the original City of Buffalo, Wyoming, according to the
recorded plat thereof.
Item 45595. Buffalo Gas Pipeline
That certain gas pipe line connecting the main gas line of
Grantee with the metering point at the Wyoming Solders' and
Sailors' Home near Buffalo, in Johnson County, Wyoming, said line
being located in Section 4; Township 50 South; Range 82 West and
Sections 33 and 34, Township 51 South, Range 82 West of the Sixth
Principal Meridian and more particularly described as follows:
Beginning at a point which is South 65(Degree) West 5175 feet
from the Northeast corner of Section 4, Township 50 South, Range
82 West; thence North 78(Degree)54' East 305 feet; thence North
79(Degree)39' East 427 feet; thence North 58(Degree)48' East 8780
feet to intersect the main gas line of the Montana-Dakota
Utilities Co. (Grantee) to intersect the main gas line of the
Montana-Dakota Utilities Company, at a point on the Main Line, 19
feet North of the Company marker post number 33.
Item 45597. Buffalo Regulator Station Site
A tract of land 20 feet square, located in Lot 1, Block 51,
Burlington Addition to the City of Buffalo, Wyoming, more
particularly described as follows: Beginning at the northwest
corner of said Lot 1 Thence East 20 feet to a point, thence south
20 feet to a point, thence West 20 feet to a point, thence North
20 feet to the point beginning.
PARK COUNTY, WYOMING
Item 45598. Powell Gas Regulator Station
That portion of Lot "A" of Block 65, Original Town of Powell,
lying within the following described survey:
Beginning at a point in the East boundary of the original
Townsite of Powell, whence the intersection of the South boundary
of Lot 74, Township 55 North of Range 99 West, 6th P.M., with the
East boundary of the original Townsite of Powell bears S.
0(Degree) 02' W. 30 feet distant; thence North 89(Degree) 53' W.,
parallel to and 30 feet North of the South boundary of Lot 74,
Township 55 North of Range 99 West of the 6th P.M., 160.4 feet;
thence North 0(Degree) 07' E., 83.0 feet, to an intersection with
the South boundary of the C. B. & Q. Railroad right of way;
thence N. 67(Degree) 34' 30" E, along the south boundary of the
C. B. & Q. Railroad right of way 173.5 feet, to an intersection
with the East boundary of the original Townsite of Powell; thence
S 0(Degree) 02' W., along the east boundary of the original
Townsite of Powell, 149.5 feet to the place of beginning,
containing 0.43 acres.
SHERIDAN COUNTY, WYOMING
Item 50108. Big Horn Substation
A tract of land situated in the SW1/4NW1/4 of Section 4, Township
54 North, Range 84 West, 6th P.M., Sheridan County, Wyoming, said
tract being more particularly described as follows:
Commencing at the west quarter corner of said Section 4
(Witnessed by Highway right-of-way Monuments); thence
N65(Degree)23"13"E, 1279.03 feet to the POINT OF BEGINNING of
said tract, said point lying on the proposed westerly
right-of-way line of State Highway No. 335 (AKA Big Horn Road);
thence N54(Degree)35'00"W, 100.00 feet to a point; thence
N35(Degree)25'00"E, 150.00 feet to a point, thence
S54(Degree)35'00"E, 90.48 feet to a point, said point lying on
said proposed westerly right-of-way line of State Highway NO.
335; thence along said proposed westerly right-of-way line
through a curve to the right, having a radius of 436.35 feet, a
central angle of 11(Degree)59'19", an arc length of 91.30 feet, a
chord bearing of S29(Degree)25'21"W, and a chord length of 91.14
feet to a point; thence S35(Degree)25'00"W, 59.36 feet along said
proposed westerly right-of-way line to the POINT OF BEGINNING of
said tract.
Said tract containing 14,714 square fee of land, more or less.
Basis of Bearings is Wyoming State Plane (East Central Zone).
Item 45599. Acme Model Substation Site
A tract of land located in the Northeast Quarter of the Northeast
Quarter (NE1/4NE1/4) of Section Twenty-one (21), Township
Fifty-seven (57) North, Range Eighty-four (84) West of the Sixth
Principal Meridian, described as follows:
Beginning at a point, said point bears North 29(Degree)01' West,
1837.2 feet from the East quarter corner of said Section 21;
thence North 82(Degree)52' East, 100.0 feet to a point; thence
North 7(Degree)08' West, 100.0 feet to a point; thence South
82(Degree)52' West, 100.0 feet to a point; thence South
7(Degree)08' East, 100.0 feet to the point of beginning. Said
track contains 0.2 acre, more or less.
Item 45600. Banner Electric Substation Site
A tract of land 75 feet square containing .13 acre. All situated
in the Southwest quarter of the Southeast quarter of Section 29
(SW1/4SE1/4), Township 54 North, Range 83 West of the Sixth
Principal Meridian, Sheridan County, Wyoming, described as
follows:
Beginning at a point which is North 51(Degree)37' West, 1832 feet
from the Southeast section corner of Section 29, thence North
39(Degree)16' West parallel to the Wyoming State Highway #87
right-of-way, a distance of 75 feet, thence North 50(Degree)44'
East a distance of 75 feet, thence South 39(Degree)16' East a
distance of 75 feet, thence South 50(Degree)44' West a distance
of 75 feet to the point of beginning, together with all
improvements situate thereon.
Item 45602. Dayton Electric Substation
A tract of land situated in the Southeast quarter of the
Northeast quarter of Section 32, Township 57 North, Range 86 West
of the Sixth Principal Meridian in Sheridan County, Wyoming,
described as follows:
Beginning at a point which is North 8(Degree) 24' West, 4050.1
feet from the Southeast corner of said Section 32, said point
being in the center of the County Road; thence North 89(Degree)
58' West, 100 feet to a point; thence South 0(Degree) 02' West,
130 feet to a point, thence South 89(Degree) 58' East, 100 feet
to a point, thence North 0(Degree) 02' East, 130 feet to the
point of beginning. The above described tract contains 0.3 acres
more or less.
Item 45603. Story Electric Substation
Lots numbered One (1) and Two (2) in Block numbered Ten (10) of
First Addition to the town of Lodore, in the Story Community of
Sheridan County, Wyoming, in Section Eight (8) Township
Fifty-three North (53N), Range Eighty-three West (83W),
LESS
All that portion of Lot 1, Block 10 of the First Addition to the
Town of Lodore, Sheridan County, Wyoming, located in the
SW1/4SE1/4 of Section 8, T. 53 N., R. 83 W. of the 6th P.M.,
Wyoming, lying between the presently existing easterly
right
-of-way boundary of Wyoming State Highway No. 193 and a parallel
right-of-way line (or as otherwise stated), said parallel
right-of-way line being 50 feet to the right or easterly side
when measured at right angles to the following described survey
line of highway, said parallel right-of-way line begins in said
Lot 1 and ends on the northeasterly boundary of said Lot 1:
Commencing at the southeast corner of said Section 8; thence
N.0(Degree)28'24.3"E. a distance of 2,557.81 feet; thence
S.90(Degree)00'00"W. a distance of 466.81 feet; thence
S.29(Degree)30'02.6"W. a distance of 873.22 feet; thence
S.78(Degree)08'35.7"W. a distance of 924.71 feet; thence
S.13(Degree)48'20.3"W. a distance of 502.48 feet to the True
Point of Beginning; thence with a parallel right-of-way line 50
feet to the right or easterly side, N.13(Degree)48'20.3"E. a
distance of 52 feet, more or less, until said parallel
right-of-way line intersects the northeasterly boundary of said
Lot 1; thence with the northeasterly boundary of this parcel
being the northeasterly boundary of said Lot 1, continuing
N.13(Degree)48'20.3"E. a distance of 4 feet, more or less, until
said boundaries intersect. The above described parcel of land
contains 540 square feet, more or less.
Item 45604. Rochester Substation Site
A tract of land in the Northwest Quarter of the Southeast Quarter
(NW1/4SE1/4) of Section Eighteen (18), Township Fifty-seven (57)
North, Range Eighty-five (85) West of the Sixth Principal
Meridian, said tract being more particularly described as
follows:
Commencing at a point that bears North 53(Degree)23' West a
distance of 2321.0 feet from the southeast corner of said Section
18; thence North 87(Degree)06' West along the right of way line
of U.S. Highway 87, a distance of 37.55 feet to a point; thence
North 0(Degree)00' West a distance of 73.10 feet; thence at right
angles and East a distance of 75.0 feet to a point; thence at
right angles and South a distance of 76.90 feet to the highway
right of way line; thence North 87(Degree)06' West along said
right of way line a distance of 37.55 feet to the point of
beginning.
Item 45606. Sheridan Gas Regulator Station
A tract of land situated in the southwest corner of Lot Four in
Block Two of Park Subdivision of Lots 7,8,9,10,11 of Block 2, of
Alger Addition in the City of Sheridan, Wyoming, and more
particularly described and bounded as follows:
Beginning at the southwest corner of said Lot Four; thence
running north along the west boundary line of said Lot a distance
of 18 feet to a point; thence running east on a line parallel to
the south boundary line of said Lot Four a distance of 15 feet to
a point; thence running south on a line parallel to the west
boundary line of said Lot a distance of 18 feet to a point;
thence running west along the south boundary line of said Lot a
distance of 15 feet to the point of beginning.
Item 45607. Sheridan Gas Regulator Station
A tract of land 15 feet wide by 20 feet long, situated in the
southwest corner of Lot One in Block Seven of South Park Addition
to the City of Sheridan, Wyoming, and more particularly described
and bounded as follows:
Commencing at a point on the southwest corner of said Lot One;
thence running north along the west boundary of said Lot a
distance of 20 feet to a point; thence running east parallel to
the south boundary line of said Lot a distance of 15 feet to a
point; thence running south parallel to the west boundary line of
said Lot a distance of 20 feet to a point; thence running west
along the south boundary line of said Lot a distance of 15 feet
to the point of beginning.
Item 45608. Sheridan Gas Regulator Station
A tract of land fifteen feet wide by twenty feet long, being part
of Lots Thirteen (13) and Fourteen (14) of Block Twenty-four (24)
of Coffeen Addition to the Town (now City) of Sheridan, Wyoming,
and more particularly described as follows:
Beginning at a point on the east boundary line of said Lot
Fourteen, which point is twenty-one and one-half feet (21 1/2
feet) south of the north-east corner of said Lot fourteen; thence
running south along the east boundary line of said Lots Fourteen
and Thirteen a distance of twenty feet to a point which is one
and one-half feet south of the north-east corner of said Lot
thirteen; thence running west on a line
parallel to the north boundary line of said Lot thirteen a
distance of fifteen feet; thence running north on a line parallel
to the east boundary line of said Lots a distance of twenty feet;
thence east a distance of fifteen feet to the point of beginning.
It is hereby covenanted and agreed between the parties that if at
any time in the future the grantee shall permanently abandon the
said tract of land as a gas regulator site, it shall then have
the right to remove its improvements placed thereon, and the land
shall revert to the said E.W. Robbins and to his heirs and
assigns.
Item 45609. Sheridan Girls School
That certain gas pipe line connecting the main line of Grantee
with the metering point at the "Wyoming Girls' School" near
Sheridan, in Sheridan County, Wyoming, said line being located in
Sections 10 and 11, Township 55 North, Range 84 West of the Sixth
Principal Meridian and more particularly described as follows:
Beginning at Station 0T00, which is marker post 102 on the main
gas line of the Grantee, said post being South 59(Degree) East
2485 feet from the Northwest corner of Section 11, Township 55
North, Range 84 West, thence North 88(Degree)15' West 730 feet,
thence North 87(Degree)03' West 1460 feet, thence 89(Degree)42'
West 1250 feet; thence North 81(Degree)01' West 1350 feet; thence
North 65(Degree)41' West 1260 feet to a point that is South
68(Degree) West 1245 feet from the North one-quarter of Section
10, Township 55 North, Range 84 West of the Sixth Principal
Meridian, Sheridan County, Wyoming.
Item 45610. Sheridan Electric Substation
Lots numbered One (1), Three (3) and Five (5) in Block numbered
(4) of Grinnell Addition to the town, now city, of Sheridan.
Item 45611. Sheridan Radio Tower Site
Lots 4 and 5 in Block 8 of The Wood's Addition to the Town, now
City, of Sheridan, Sheridan County, Wyoming.
Item 45612. Sheridan Gas Regulator Station
A parcel of land 15 feet square located in the Southeast
corner of Lot 11, Block 1, Mead Addition to the Town, now City of
Sheridan, Sheridan County, Wyoming, described as follows, to-wit:
Beginning at the Southeast corner of said Lot 11, thence
northerly on the lot line 15 feet, thence westerly 15 feet,
thence southerly 15 feet to the East-West lot line, thence
easterly on lot line 15 feet to the point of beginning.
Item 45613. Sheridan Reserve Electric Substation
A tract of land situated in the SW 1/4 SE 1/4 of Section 21,
Township 56 North, Range 84 West of the Sixth Principal Meridian,
Sheridan County, Wyoming described as follows:
Beginning at a point on the North right-of-way line of State
Secondary Highway No. 1700, which said point is N. 70(Degree)55'
W., 687.9 feet from the Southeast corner of said SW 1/4 SE 1/4 of
said Sec. 21, and said point also being S. 53(Degree)45' W.,
122.8 feet from the Wyoming Highway Department right-of-way
marker No. 14, which is offset from Station 42 + 22.1; thence N.
25(Degree)43' W., 60 feet, thence S. 64(Degree)17' W., 60 feet
thence S. 25(Degree)43' E., 60 feet to a point on the State
Highway right-of-way line, and thence Northeasterly along said
right-of-way line, 60.1 feet to the point of beginning, said
tract containing 0.08 acres.
Item 45614. Sheridan Office
Parcel I
All that portion of Lot 1 of the Subdivision of Lot C of
Farnham's Addition to the Town, now City of Sheridan, which lies
in the SE1/4NE1/4 of Section 27, Township 156 North, Range 84
West of the 6th Principal Meridian, EXCEPT the
following-described tracts:
That portion of Lot 1 of the Subdivision of Lot C of Farnham's
Addition to the Town, now City of Sheridan, lying east of a line
described as follows: Beginning at a point on the north line of
said Lot C, said point also being on the south line of Alger
Avenue, which is 303.27 feet west of the west line of Main
Street; thence S.9(Degree)19'W. to a point on the east line of
said Lot C.
A tract located in Lot 1 of the Subdivision of Lot C of Farnham's
Addition to the City of Sheridan, Wyoming,
described as follows: Beginning at a point located 334 feet north
along the west boundary of Brooks Street and west 52.7 feet from
the southeast corner of Block E of the Thurmond's Third Addition
to the City of Sheridan, Wyoming; thence west 82.3 feet to a
point; thence south 59.9 feet to a point; thence North
60(Degree)45' East, 84.2 feet to a point; thence North
26(Degree)15' East, 20.9 feet to the point of beginning.
Parcel II
That portion of Lot A of Thurmond's Third Addition to the City of
Sheridan, lying west of the west right-of-way line of the
proposed extension of Brooks Street, as platted and on file in
the office of the City Engineer of the City of Sheridan, Wyoming.
Parcel III
A tract of land located in Lot No. 1 of the subdivision of Lot E
of the Thurmond's Third Addition to the City of Sheridan,
Wyoming, described as follows: Beginning at a point on the west
boundary of Brooks Street; said point being located 334 feet
north of the southeast corner of said Block E; thence west 52.7
feet to a point; thence North 26(Degree)15'East, 28.8 feet, to a
point; thence east 39.89 feet, to a point on said west boundary
of Brooks Street; thence south 26 feet to the point of beginning.
Item 45615. North Substation Addition
A tract of land located in Lot No. 11 in Peter Demple's
Subdivision (also known as Demple's Subdivision), being a
Subdivision of a part of the NE1/4NE1/4 of Sectin 22, Township 56
North, Range 84 West of the 6th P.M., Sheridan County, Wyoming
and more particularly described as follows:
Beginning at a point located West, 120.0 feet from the Southeast
corner of said Lot No. 11; thence North 75 feet; thence East 20
feet; thence South 75 feet; thence West 20 feet to the point of
beginning.
Item 45616. Sheridan Warehouse
Tract 2-B of the Subdivision of Tract 2, Brundage Minor
Subdivision, a subdivision in Sheridan County, Wyoming,
as recorded in Book 1 of Plats, page 232.
Item 45617. Sheridan Substation and Regulator Station
A tract of land located in Lot 13, Block 3, Sugarland South
Addition to the City of Sheridan, Sheridan County, Wyoming,
described as follows:
Beginning at the SE corner of said Lot 13; thence along the
southerly line of said Lot 13, N 89(Degree)13' W, 100.0 feet to a
point; thence leaving said southerly line, N 0(Degree) 14' E,
100.0 feet to a point; thence S 89(Degree)13' E, 100.0 feet to a
point on the easterly line of said Lot 13; thence along said
easterly line, S 0(Degree)14' W, 100.0 feet to the point of
beginning. Said tract contains 10,000 square feet, more or less.
Item 45618. Northeast 230KV Substation
A tract of land located in the NW1/4SE1/4 and SW1/4NE1/4 of
Section 14, Township 56 North, Range 84 West of the 6th Principal
Meridian, Sheridan County, Wyoming, described as follows:
Beginning at a point located N.0(Degree)02'W., 2491.6 feet from
the south quarter corner of said Section 14, said point being on
the westerly line of said NW1/4SE1/4 Section 14; thence
N.0(Degree) 02' W., 370.0 feet; thence N.89(Degree)58' E., 445.0
feet; thence S.0(Degree)02'E., 770.0 feet; thence S.89(Degree)58
W., 210.0 feet to the SE Corner of the Pacific Power and Light
tract described in Sheridan County warranty deed Book 111, Page
283, recorded June 28, 1957; thence along the Easterly line of
said Pacific Power and Light tract, N,0(Degree)02'W, 400.0 feet
to the NE corner of said Pacific Power and Light tract; thence
along the northerly line of said Pacific Power and Light tract,
S.89(Degree)58' W., 235.0 feet to the point of beginning. Said
tract contains 5.71 acres, more or less.
Item 45620. Northeast 230KV Substation
A tract of land 400 feet long by 225 feet wide situated in the
South Half of the Northeast Quarter and the North Half of the
Southeast Quarter of Section 14, Township 56 North, Range
84 West of the 6th P.M., more particularly described as follows:
Beginning at a point which is North 0(Degree) 2' West 2,091.6
feet from the south quarter corner of said Section 14; thence
North 0(Degree) 2' West 400 feet along a line parallel with the
County Road to a point; thence North 89(Degree) 58' East 225 feet
to a point; thence South 0(Degree) 2' East 400 feet to a point;
thence South 89(Degree) 58' West 225 feet to the point of
beginning;
Also, including in addition to the above described tract all our
right, title or interest in and to a strip of land approximately
400 feet long and 10 feet in depth situated along the westerly
side of the above described premises and adjoining the east right
of way fence line of the County Road, together with the right of
ingress and egress to said County Road across said strip of land
as granted by the Board of County Commissioners of Sheridan
County, Wyoming to Pacific Power & Light Company, its successors
and assigns, dated July 22, 1957 and recorded July 23, 1957 in
Book 111 of Deeds, pages 493 and 494.
Item 45621. Southwest 230KV Substation
A tract of land in the SE1/4SW1/4 and SW1/4SE1/4 of Section 17,
Township 55 North, Range 84 West of the 6th P.M., Sheridan
County, Wyoming, described as follows:
Beginning at a point located N 89(Degree)57'14" W, 1661.71 feet
and North, 30.00 feet from the southeast corner of said Section
17; thence North, 10.42 feet; thence N 46(Degree)32'57" W, 489.96
feet; thence N 44(Degree)45'26" W, 497.37 feet; thence N
89(Degree)57'14" W, 473.96 feet; thence South, 700.00 feet to a
point 30.00 feet North of the southerly line of said Section 17;
thence parallel to said southerly line of Section 17, S
89(Degree)57'14" E, 1179.86 feet to the point of beginning. Said
tract contains 13.29 acres, more or less.
Item 45622. Sheridan Woodland Park Substation
A tract of land situated in the NE1/4SW1/4 of Section 14,
Township 55 North, Range 84 West of the 6th P.M., Sheridan
County, Wyoming being described as follows:
Beginning at a point which bears N71(Degree)49'44" W. a distance
of 650.38 feet from the S.W. corner NW1/4SE1/4 as shown on the
High View Estates plat. Said point of beginning being an 5/8"
rebar with an aluminum cap lying on the North R.O.W. line of High
View Road; thence N89(Degree)50'00"E a distance of 118.96 feet to
a point; thence N6(Degree)38'00"E a distance of 180.00 feet to an
unmarked rebar: thence N10(Degree)32'00"W a distance of 245.50
feet to a nail; thence N19(Degree)27'00"W a distance of 363.9
feet to a nail; thence N44(Degree)53'00"E a distance of 96.00
feet to a point; thence N79(Degree)08'00"E a distance of 143.00
feet to an unmarked rebar: thence N77(Degree)05'54"E a distance
of 42.05 feet to a point which lies on the centerline of the Burn
Cleuch ditch; thence S12(Degree)15'47"W along said ditch
centerline a distance of 177.81 feet; thence S8(Degree)37'51"W
along said ditch centerline a distance of 134.85 feet; thence
S3(Degree)29'51"W along said ditch centerline a distance of 97.66
feet; thence S1(Degree)40'17"E along said ditch centerline a
distance of 135.70 feet; thence S3(Degree)53"13"E along said
ditch centerline a distance of 172.73 feet; thence
S7(Degree)07'16"W along said ditch centerline a distance of
176.53 feet to a point which lies on a curve. Said point also
lying on the North R.O.W. line of High View Road; thence leaving
said ditch centerline on a curve to the left whose radius is
602.96 feet and whose long chord bears N82(Degree)49'59"W a
distance of 153.93 feet to the point of beginning.
Said tract containing 1.91 acres more or less.
THE ABOVE DESCRIBED TRACT OF LAND IS NOW KNOWN AS LOT ONE (1) OF
BLOCK ONE (1) OF HIGH VIEW ESTATES, A SUBDIVISION OF SHERIDAN
COUNTY, WYOMING.
Item 45623. Sheridan Substation Site
A tract of land situated in the NW1/4 of Section 6, Township 55
North, Range 84 West, 6th P.M., Sheridan County, Wyoming, said
tract more particularly described as follows:
Beginning at a point on the centerline of State Secondary Highway
No. 331 and the west line of said NW1/4, said point being
N.0(Degree)22'46"W., 3909.62 feet from the southwest corner of
said Section 6; thence through a curve to the left having a delta
of 16(Degree)25'51", a radius 573.00 feet, a length of 164.32
feet, a chord bearing of N.50(Degree)56'50"E., and a chord length
of
163.76 feet along said centerline to a point; thence
N.42(Degree)43'56"E., 175.42 feet along said centerline to a
point; thence, leaving said centerline, N.42(Degree)43'56"W.,
65.11 feet to a point on the centerline of Big Goose Creek;
thence S.38(Degree)03'27"W., 27.00 feet along said centerline to
a point; thence S.77(Degree)09'44"W., 69.82 feet along said
centerline to a point; thence N.86(Degree)17'08"W., 119.22 feet
along said centerline to a point on the west line of said NW1/4;
thence S.0(Degree)22'46"E., 250.81 feet along said west line to
the point of beginning.
Item 49143. Sheridan Regulator Station
A tract of land lying in the Northeast Quarter (NE1/4) of Section
Twenty-six (26), Township Fifty-six (56) North, Range Eighty-four
(84) West of the 6th Principal Meridian; more particularly
described as follows:
Beginning at the center of the NE1/4 of said Section 26; thence
in a Westerly direction along the East-West 1/16th line (also the
right-of-way line of Interstate Highway No. 90) a distance of 85
feet; thence North 0(Degree)23' West, along the West right-of-way
line of Interstate Highway No. 90, a distance of 670 feet, more
or less to the intersection of the West right-of-way line of
Interstate Highway No. 90 and the South right-of-way line of
State Highway No. 1704, and the True Point of Beginning; thence
at an angle of 78(Degree)37' to the left, along a 3(Degree) curve
to the right, (also the South right-of-way line of State Highway
No. 1704) a distance of 51 feet; thence South 0(Degree)23' East a
distance of 60.8 feet; thence North 89(Degree)37' East a distance
of 50 feet; thence North 0(Degree)23' West along the West
right-of-way line of Interstate Highway No. 90 a distance of 50
feet to the True Point of Beginning.
Said tract of land contains 0.06 acres more or less.
CUSTER COUNTY, MONTANA
Item 45103. Kinsey Electric Substation
A parcel of land in Lot 3 of Section 19, Township 9 North, Range
48 East, M.P.M., described as follows:
Beginning at an iron pipe, said pipe being 35 feet easterly and
600.2 feet southerly from the quarter corner common to Sections
19 and 24; thence easterly at a right angle to the section line a
distance of 35 feet to an iron pipe; thence southerly parallel to
the section line a distance of 50 feet to an iron pipe; thence
westerly at right angles to the section line a distance of 35
feet to an iron pipe; thence northerly parallel to the section
line a distance of 50 feet to the point of beginning and
containing 1750 square feet.
Item 45104. Miles City Gas Regulator Station
A plot of ground approximately Ten (10) feet square located in
the Northeast (NE) corner of lot Eight (8) of Block Sixty Eight
(68) of the original plat of The City of Miles City, Custer
County, Montana, and described as follows:
Beginning at the intersection of the east line of Lot Eight (8)
and the south line of the alley in block Sixty Eight (68)
commonly known as the Northeast (NE) corner of said lot, then
south along the east line of said lot a distance of ten (10)
feet; thence west parallel to said alley line for a distance of
ten (10) feet; thence north parallel to the east line of said lot
for a distance of ten (10) feet; thence east along said alley
line for a distance of ten (10) feet to the point of beginning.
Item 45105. Miles City Office and Warehouse
Lots Fifteen (15), Sixteen (16), Seventeen (17), Eighteen (18)
and Nineteen (19), of Block Sixty-two (62), of the town (now
city) of Miles City.
Lots One (1) to Nine (9), inclusive, in Block Sixty-two (62), of
the town (now city), of Miles City; also commencing at the
Southwest corner of said Lot One (1), Block Sixty-two (62),
running thence in a Northeasterly direction along the Southerly
line of Lots One (1) to Nine (9), inclusive, of said Block
Sixty-two (62), to the West line of Ninth Street; thence in a
Southeasterly direction along the West line of Ninth Street,
extended, to the Northern Pacific Railway Company's right-of-way;
thence in a Southwesterly direction along the North line of said
right-of-way to the East line of Eighth Street, extended; thence
in a Northwesterly direction along the East line of Eighth
Street, extended, to the point of beginning.
Item 45106. Miles City Electric Substation
Commencing at the Southwest corner of Lot One (1), Block Sixty
two (62), Original Plat of the City of Miles City, Montana,
running thence in a northeasterly direction along the southerly
line of Lots One (1) to Nine (9), inclusive, of said Block Sixty
two (62) to the West line of 9th Street, thence in a
southeasterly direction along the west line of 9th Street,
extended, to the Northern Pacific Railway Company's right-of-way
and thence in a southwesterly direction along the north line of
the said right-of-way to the east line of 8th Street, thence in a
northwesterly direction along the east line of 8th Street,
extended, to the point of beginning.
Item 45107. Miles City Gas Regulator Station
A portion of Lot 6 in Block 39 of Richland Park Addition to the
City of Miles City, County of Custer, Montana, according to the
Official Plat and Survey thereof on file and of record in the
Office of the County Clerk and Recorder of Custer County,
Montana, square in shape, being 10 feet by 10 feet in dimension,
and more particularly described as follows:
Commencing at the Northeast corner of said Lot 6, thence West
along the Northern boundary line of said Lot 6 a distance of 10
feet, thence in a Southerly direction on a line parallel to the
Eastern boundary of said Lot 6 a distance of 10 feet, thence in
an Easterly direction on a line parallel to the Northern boundary
of said Lot 6 a distance of 10 feet, thence Northerly along the
Eastern boundary of said Lot 6 a distance of 10 feet to the point
of beginning.
Item 45108. Miles City Substation Site
A parcel of land 60 feet east and 75 feet north and south out of
the NE1/4NE1/4 of section 34, Township 8 North, Range 47 East of
the Montana Meridian, in Custer County, Montana, described as
follows:
Beginning at an iron pipe on the south line of Pleasant Street
and the east boundary line of Legion Addition to the City of
Miles City, Montana thence N89(Degree)47'E along the south line
of Pleasant Street extended a distance of 60 feet to an iron pipe
marking the northeast corner of the substation site; thence
S0(Degree)13'E a distance of 75 feet to an iron pipe marking the
southeast corner of said site; thence S89(Degree)47'W a distance
of 60 feet to an iron pipe marking the southwest corner of said
site and being the east line of Legion Addition; thence
N0(Degree)13'W along the East Line of Legion Addition a distance
of 75 feet to the point of beginning.
Item 45109. Miles City Turbine Plant
All of the Northwest Quarter (NW1/4) of Section Thirty-six (36),
Township Eight (8) North, Range Forty-seven (47) East of the
Montana Principal Meridian lying Southeasterly of the
Southeasterly right-of-way line of Interstate Highway No. I-94 as
it is presently laid out and constructed. Said tract contains in
all approximately 125 acres more or less and contains all of the
land in said NW1/4 lying Southeast of the tract conveyed to the
State of Montana as shown in a deed dated December 8, 1960 and
recorded January 9, 1961 in Book 99 of Deeds at page 569.
LESS: A tract of land situated in the Northwest Quarter (NW1/4)
of Section 36, Township 8 North, Range 47 East of the Principal
Meridian, Custer County, Montana, more particularly described as
follows:
Commencing at the North Quarter Corner of said Section 36; thence
west along the North Line of said Section 460 feet to the Point
of Beginning; thence Southwest 170 feet to a point lying 30 feet
south of the said North Line; thence west parallel and 30 feet
south of the said North line 615 feet; thence South 70(Degree)00'
West 85 feet, more or less, to the easterly Right-of-Way line of
Interstate Highway No. I-94; thence northeast along said
Right-of-Way line 65 feet, more or less, to the said North line;
thence east along said North line 830 feet, more or less to the
Point of Beginning. Said tract of land containing 0.53 acres,
more or less.
Item 45110. Southgate Meadows Substation
Lot 2 in Block 17 of Southgate Meadows, a subdivision located in
Miles City, Custer County, Montana, according to the plat and
survey of said Southgate Meadows Subdivision filed for record as
instrument number 46030 in envelope 110 in the office of the
Custer County Clerk and Recorder; said Lot also being located in
Section 2, Township 7 North, Range 47 East, M.P.M.
Item 45111. Miles City South Substation Site
A tract of land in the Northeast Quarter of the Southwest Quarter
(NE1/4SW1/4) of Section Three (3), Township Seven (7) North,
Range Forty-seven (47) East of the Montana Principal Meridian,
being more particularly described as follows:
Commencing at the south quarter corner common to sections Three
(3) and Ten (10) in Township 7 North, Range 47 East; thence N.
0(Degree) 19' W., a distance of 2150.0 feet; thence N. 89(Degree)
41'W., a distance of 286.0 feet; thence S. 0(Degree) 19' W., a
distance of 10.0 feet to the true point of beginning; thence
continue S. 0(Degree) 19' W., a distance of 125.0 feet; thence N.
89(Degree) 41' W., a distance of 173.58 feet; thence N.
13(Degree) 34' E., a distance of 63.98 feet; thence N. 28(Degree)
29' E., a distance of 71.15 feet; thence S. 89(Degree) 41' E., a
distance of 125.34 feet to the point of beginning, containing
19,268.45 square feet, more or less.
DANIELS COUNTY, MONTANA
Item 45112. Scobey Electric Generating Plant
Lot Eleven (11) of Block One (1) of the original townsite of
Scobey, Montana, situated in Daniels County, Montana.
Item 45113. Scobey Substation
Lot Five (5) of Block Twenty-Seven (27) of Oie's Addition to
Scobey, Daniels County, Montana.
DAWSON COUNTY, MONTANA
Item 45114. Baker Electric Substation
A tract of land lying in the Northwest Quarter of the Northeast
Quarter (NW1/4NE1/4) of Section Thirty-four (34), Township
Fourteen (14) North, Range Fifty-five (55) East of the Montana
P.M. and being more particularly described as follows:
Commencing at the North Quarter corner of said Section 34, thence
South along the North-South midsection line of said Section 34 a
distance of 375.6 feet to THE TRUE POINT OF BEGINNING; thence N
89(Degree) 44' E a distance of 62.4 feet, thence S 41(Degree) 46'
E a distance of 77.65 feet to the Westerly right of way line of
the Glendive-Marsh road; thence S 23(Degree) 29' W, along the
right of way line of said road, a distance of 18.4 feet, thence S
89(Degree) 44' W a distance of 106.8 feet, thence North along the
North-South midsection line a distance of 75.0 feet to the true
point of beginning. Said tract of land containing 0.16 acres.
Item 45115. Glendive Gas Regulator Station
A parcel of land eight feet by eight feet (8' x 8') particularly
described as follows:
Starting at a point which is the intersection of the line which
is in the intersection line between Lots Two (2) and Three (3),
in Block One Hundred Fifteen (115) of the City of Glendive,
Montana, and the alley line of the alley which intersects said
Block 115, running a distance of eight feet (8') in a
Northeasterly direction along said line intersecting said lots,
thence at right angles in a Westerly direction and running
parallel to the alley line of said block a distance of eight feet
(8'), and thence at right angles in a Southwesterly direction and
running parallel to the line which divides said Lots Three (3)
and Two (2) a distance of eight feet (8') to the alley line of
said block, and thence at right angles in a Southerly direction
along said alley line a distance of eight feet (8') to the point
of beginning, which said parcel of land is all situated on and
constitutes a part and portion of said Lot Three (3), in Block
One Hundred Fifteen (115) of the City of Glendive, Dawson County,
Montana, according to the official plat on file and record in the
office of the County Clerk and Recorder of Dawson County,
Montana.
Item 45116. Glendive Electric Generating Plant and Warehouse
Starting at the extreme Southeasterly corner of Lot Seventeen
(17) in Block Four (4), which point is the intersection point of
Valentine Street and the alley which intersects said Block Four
(4), thence in a Northerly direc-tion along the alley line and
the rear of Lots Seventeen (17), Eighteen (18), Nineteen (19),
Twenty (20) and Twenty-one (21) a distance of one hundred
twenty-five (125) feet to a point which is the Northeasterly
corner of Lot Twenty-one (21), in Block Four (4), and which is
the point at which the line separating Lots Twenty-one (21) and
Twenty-two (22) intersects with the alley line in said Block Four
(4), thence in a Westerly direction along the said line which
separates Lots Twenty-one (21) and Twenty-two (22) a distance of
fifty-four feet and four inches (54'4"), thence at right angles
in a Southerly direction and across Lots Twenty-one (21), Twenty
(20), Nineteen (19), Eighteen (18) and Seventeen (17) a distance
of one hundred twenty-five (125) feet to the property line of Lot
Seventeen (17) and Valentine Street, and thence at right angles
in an Easterly direction along the property line of said
Valentine Street a distance of fifty-four feet and four inches
(54'4") to the point of beginning, which said plot of ground
constitutes the rear fifty-four feet and four inches (54'4") of
each of said Lots Seventeen (17), Eighteen (18), Nineteen (19),
Twenty (20) and Twenty-one (21) in Block Four (4) of the City of
Glendive, according to the official plat thereof on file and
record in the office of the County Clerk and Recorder of Dawson
County, Montana, together with appurtenances and fixtures
thereunto belonging or in anywise appertaining.
Subject to a right-of-way granted the Northern Pacific Railway
Company to construct and maintain a spur track over and across a
portion of said property.
Item 45117. Glendive Gas Regulator Station
A tract of land eleven feet (11') by eleven feet (11') in the
Southwest (SW) Corner of Lot Seventeen (17) in Block Seven (7) at
the intersection of the alleys in said Block Seven (7) of
Prospect Heights in the City of Glendive, Dawson County, Montana,
according to the plat thereof, now on file and of record in the
office of the County Clerk and Recorder of Dawson County,
Montana.
Item 45118. Glendive Gas Regulator Station
A tract of land in the City of Glendive, Montana, the same being
a portion of Lot Twenty (20) in Block Sixteen (16) of the City of
Glendive, Montana, particularly described as follows:
Starting at a point of beginning, which point of beginning is the
northeast corner of Lot 20 or the point of intersection of the
property line which divides Lots 20 and 21 of Block 16 of the
City of Glendive and the west alley line of the alley which
divides said block, and thence in a southwesterly direction along
the alley line of said Lot 20 a distance of twenty (20) feet, and
thence at right angles across a portion of said Lot 20 and in a
northwesterly direction a distance of ten (10) feet, and thence
at right angles and in a northeasterly direction a distance of
twenty (20) feet to the property line which divides said Lots 20
and 21, and thence at right angles in a southeasterly direction
and along said property line which divides said Lots 20 and 21 a
distance of ten (10) feet to the point of beginning; which said
tract contains two hundred (200) square feet.
Item 45120. Hillcrest Substation
A tract of land located in the Northeast Quarter (NE1/4) of
Section 25, T16N, R55E, of the M.P.M. more specifically
identified as follows:
Commencing at the Northeast corner of Section 25, thence South
0(Degree)05' W a distance of 660.0 feet; thence South
89(Degree)44' W along the South boundary of Certificate of Survey
No. 135 a distance of 30.0 feet to a 1/2" re-bar with plastic cap
marked Guenzi, the true point of beginning; thence South
0(Degree)05' W a distance of 150.0 feet; thence South
89(Degree)44' W a distance of 150.0 feet; thence North
0(Degree)05' East a distance of 150.0 feet; thence North
89(Degree)44' E a distance of 150.0 feet to the true point of
beginning containing 0.517 acres more or less, according to
Certificate of Survey No. 234 on file and of record in the office
of the Clerk and Recorder of Dawson County, Montana.
Item 45121. Electric Generating Station
A tract of land lying in the Southeast Quarter (SE1/4) and Lot
Four (4) of Section Fifteen (15), Township Fifteen (15) North,
Range Fifty-Five (55) East of the P.M.M., more particularly
described as follows:
Commencing at the South Quarter Corner of said Section 15; thence
South 88(Degree)37' W along the South Section line a distance of
211.2 feet to a point on the Easterly Right-of-Way Line of the
Glendive Marsh Road; thence North 11(Degree)30' East along said
Right-of-Way Line a distance of 223.42 feet to the True Point of
Beginning; thence continuing North 11(Degree)30' E along said
Right-of-Way Line a distance of 1750.0 feet; thence North
88(Degree)37' E a distance of 861.1 feet; thence South
00(Degree)21' W a distance of 1707.2 feet; thence South
88(Degree)37' W a distance of 1198.9 feet to the True Point of
Beginning. Said tract of land contains 40.35 acres, more or less.
Certificate of Survey No. 211.
Item 45122. Switching Station & Substation - Glendive
Lots 33AP, 34AP, 35AP, 36AP, 37AP, 38AP, 39AP, 40AP, 41AP,
according to the Replat of Block 3, Original Glendive Townsite
Plat Amendment, Number 23, filed February 28, 1985, Doc. 370975,
Dawson County, Montana.
Item 45123. West Glendive Substation
A tract of land lying and being in the Northwest Quarter of the
Southwest Quarter (NW1/4SW1/4) of Section Thirty-four (34),
Township Sixteen (16) North, Range Fifty-five (55) East of the
Montana Principal Meridian, more particularly described as
follows:
Commencing at the West Quarter Corner common to Sections 33 and
said 34; thence S89(Degree)31' E for a distance of 30.0 feet to
the True Point of beginning; thence continuing S89(Degree)31' E
for a distance of 200.0 feet; thence S. 0(Degree)01' W for a
distance of 100.0 feet; thence N89(Degree)31' W for a distance of
200.0 feet; thence N.0(Degree)01'E for a distance of 100.0 feet
back to the True Point of Beginning. Said tract of land contains
0.46 acres, more or less.
Item 49101. Glendive Service Center
A tract of land lying in the Southwest Quarter of the Northeast
Quarter (SW1/4NE1/4) and the Northwest Quarter of the Southeast
Quarter (NW1/4SE1/4) of Section Twenty-Four (24) in Township
Sixteen (16) North, Range Fifty-Five (55) East of the Principal
Meridian of Montana, in Dawson County, Montana more particularly
described as follows:
Commencing at the northwest corner of Lot1A Tract 1 of Sunrise
Subdivision; thence N89(Degree)54'W and across Merrill Avenue for
60.0 feet to the TRUE POINT OF BEGINNING; thence S0(Degree)06'W
and along the west line of Merrill Avenue for 1220.2 feet; thence
leaving Merrill Avenue and N89(Degree)54'W for 340.2 feet; thence
N0(Degree)06'E for 1220.2 feet; thence S89(Degree) 54'E for 340.2
feet and back to the west line of Merrill Avenue and the true
point of beginning. According to C.O.S. #702. Said tract of land
contains 9.53 acres and is subject to the waterline easement as
shown on the plat and the access road as shown on the plat.
LESS
A tract of land lying within Certificate of Survey Number 702 in
the Southwest Quarter of the Northeast Quarter (SW1/4NE1/4) and
the Northwest Quarter of the Southeast Quarter (NW1/4SE1/4) of
Section Twenty-four (24), Township Sixteen (16) North, Range
Fifty-five (55) East of the Principal Meridian, Montana, in the
City of Glendive, Dawson County, Montana, more particularly
described as follows:
Commencing at the Southeast corner of the above said Certificate
of Survey Number 702 and the True Point of Beginning; thence
along the South line of said Certificate of Survey N89(Degree)
54'W 340.2 feet to the Southwest corner of said Certificate of
Survey; thence along the West line of said Certificate of Survey
N0(Degree) 06'E 102.5 feet; thence due East 340.2 feet to the
East line of said Certificate of Survey; thence along the East
line of said Certificate of Survey S0(Degree) 06'W 103.1 feet
back to the True Point of Beginning. Said tract of land
containing 0.803 acre.
THIS PROPERTY HAS BEEN REPLATTED AS:
Tract One of Block One of the MDU Minor Subdivision Plat in the
SW1/4NE1/4 and the NW1/4SE1/4 of Section 24, Township 16 North,
Range 55 East, Principal Meridian
Montana, in the City of Glendive, Dawson County, Montana,
containing 0.803 acre.
Item 45124. Richey Gas Regulator Station
Lot Seven (7) of Block Nine (9) of the Townsite of Richey,
Montana.
FALLON COUNTY, MONTANA
Item 45125. Substation Addition - Baker area
Montana, to-wit: A tract of land lying on the Southeast Quarter
of the Southeast Quarter (SE1/4SE1/4) of Section Twelve (12),
Township Seven (7) North, Range Fifty-nine (59) East of the
Principal Meridian Montana, more particularly described as
follows:
Commencing at the Southeast Corner of Section 12, thence South
89(Degree)52' W a distance of 475.6 feet to a point on the
northerly Right-of-Way line of the Burlington Northern Railroad,
thence North 82(Degree)13' West and along said Right-of-Way line
a distance of 234.7 feet to the True Point of Beginning, thence
North a distance of 305.3 feet, thence West a distance of 25.0
feet, thence South a distance of 301.9 feet to a point on said
Right-of-Way line, thence South 82(Degree)13' E along said
Right-of-Way line a distance of 25.2 feet to the Point of
Beginning. Said tract of land contains 0.17 acres, more or less
according to Certificate of Survey No. 43872 of the Fallon County
Clerk and Recorder records.
Item 45126. Baker Office Building and Warehouse
West Half of Lots Eight and Nine (8 and 9) of Block Five (5),
Original Townsite of the Town of Baker
Item 45127. Baker Electric Substation
A tract of land in the Southeast Quarter (SE1/4) of Section One
(1), Township Seven (7) North, Range Fifty-Nine (59) East of the
Montana Principal Meridian, more particularly described as
follows:
Beginning at a point, said point being fifty (50) feet north and
863.12 feet east of the southwest corner of the Southeast Quarter
(SE1/4) of Section One (1) above, thence northerly at right
angles to the section line a distance of 660 feet, thence
easterly parallel to the section line a distance of 660 feet,
thence southerly at right angles to the section line a distance
of 660 feet, thence westerly parallel to the section line a
distance of 660 feet to the point of beginning. Said tract
containing 10.00 acres, more or less.
Item 45128. Baker Regulator Station
East Half (E1/2) of Lot 12, Block 1, Savage Addition to Baker,
Montana, according to the plat thereof now on file and of record
in the office of the County Clerk and Recorder in and for the
said County of Fallon, reserving unto the party of the first
part, its successors and assigns, all oil and gas in and under
said property, together with the right to mine and remove the
same.
Item 49102. Fertile Prairie Substation
A tract of land situated in the Southeast Quarter of the
Southeast Quarter (SE1/4SE1/4) of Section Nineteen (19), Township
Seven North (T7N), Range Sixty-one East (R61E), M.P.M., Fallon
County, Montana, described as follows:
Beginning at the Southeast section corner, thence N 00(Degree)
03' 06" E a distance of 30.00 feet; thence N 89(Degree) 54' 04" W
a distance of 30.00 feet to the point of beginning; thence N
89(Degree) 54' 04" W a distance of 100.0 feet, thence N
00(Degree) 03' 06" E a distance of 100.0 feet, thence S
89(Degree) 54'04" E a distance of 100.0 feet, thence S 00(Degree)
03' 06" W a distance of 100.0 feet to the Point of Beginning.
Said tract contains 0.23 acres more or less, according to
Certificate of Survey No. 74320 on file in the office of the
Fallon County Clerk and Recorder.
PHILLIPS COUNTY, MONTANA
Item 45129. Malta Gas Regulator Station
A portion of Lot numbered Seven of Block numbered Nine in Robert
M. Trafton's First Addition to the Townsite of Malta, Montana,
according to the Plat of said addition now on file and of record
in the office of the Clerk and Recorder of Phillips County,
Montana, which portion is particularly described as follows:
Beginning at the Northeast corner of said Lot Seven, thence along
the North line of said lot a distance of thirty feet, thence
South a distance of twenty feet, thence East a distance of
approximately thirty feet to the East line of said Lot Seven,
thence North along the East line of said Lot Seven to the point
of beginning.
Item 45130. Malta Gas Regulator Station
That certain portion of Lot 14 in Block 11 of Cosner's Third
Addition to the Town of Malta, Phillips County, Montana,
described as follows:
Beginning at a point on the northeast corner of said Lot 14,
thence south along the boundary line of said Lot 14 a distance of
15 feet; thence west a distance of 15 feet; thence north a
distance of 15 feet; thence east along the boundary line of said
Lot 14 a distance of 15 feet to the point of beginning.
PRAIRIE COUNTY, MONTANA
Item 45134. Terry Substation Site
A tract of land situated in Farm Unit No. 257, Buffalo Rapids
Project, Division II, in the NE1/4 of Section 21, Township 12
North, Range 51 East of the Montana Principal Meridian, Prairie
County, Montana, more particularly described as follows:
Commencing at a point from whence the East Quarter Corner of said
Section 21 bears South 53(Degree)09' East a distance of 2,126.8
feet, being the Southeast Corner of said tract of land and the
True Point of Beginning; thence South 88(Degree)14' West a
distance of 75 feet; thence North 1(Degree)46' East a distance of
100 feet; thence North 88(Degree)14' East a distance of 75 feet;
thence South 1(Degree)46' East a distance of 100 feet back to the
True Point of Beginning. Said tract of land contains 0.17 acres,
more or less.
RICHLAND COUNTY, MONTANA
Item 45135. Fairview Gas Regulator Station
A tract of land Fifteen feet by Fifteen Feet (15 x 15) in the
Northwest Corner of Lot Seven (7) of Block Twenty-two (22) of the
L.E. Newlon Second Addition to the Townsite of Fairview, Montana,
according to the plat on file and of record in the Office of the
Clerk & Recorder of Richland County, Montana, said tract of land
more particularly described as follows:
Beginning at the Northwest Corner of Lot Seven (7) Block
Twenty-two (22) L.E. Newlon Second Addition to Fairview, Montana,
thence run south a distance of Fifteen Feet (15 ft), thence east
a distance of Fifteen feet (15 ft.); thence North a distance of
Fifteen feet to the lot line between Lots six and seven (6&7),
thence following said lot line west a distance of Fifteen feet to
the point of beginning.
Item 45136. Fairview Electric Substation
That part of the Southeast Quarter of the Northwest Quarter
(SE1/4 NW1/4) of Section Eight (8), Township Twenty-four (24)
North, Range Sixty (60), East of the Montana Principal Meridian,
lying West of the Main Irrigation Canal and more particularly
described as follows:
The Point of Beginning is a Point on the East and West
Mid-Section line, six hundred nine and 48/100 (609.48) feet West
of the center of Section Eight (8), above Township and Range;
measuring West along the above mentioned Mid-section line, one
hundred thirty (130) feet, thence North and parallel to the
Jennison-Frankl survey line, one hundred seventy (170) feet,
thence East and parallel to said Mid-section line, one hundred
thirty (130) feet to the Jennison-Frankl survey line, thence
South along said Jennison-Frankl survey line, one hundred seventy
(170) feet to the point of beginning, containing approximately
one half (1/2) acre.
Subject to a right-of-way for a road, thirty feet in width and
extending along the East boundary, also the Public Highway
situated on the North side of the above Mid-section line and
extending along the South boundary.
Item 45137. Lewis and Clark Station -- Parcel 1
All of Lots One (1) and Two (2),
The North Half of the Southwest Quarter (N1/2SW1/4), and
That certain tract of land lying easterly of Montana State
Highway 23 in Government Lot Three (3) (the said Lot 3 being the
South Half of the Southwest Quarter (S1/2 SW1/4)), said tract of
land in said Lot Three (3) being more particularly described as
follows, to wit:
Beginning at a point 269.2 feet due East of the Northwest corner
of said Government Lot Three (3) in Section Nine (9), Township
Twenty-two (22) North, Range Fifty-nine (59) East, said beginning
point being the intersection of the East line of said Montana
State Highway No. 23 and the North line of said Lot Three (3),
thence running East along the North line of said Lot Three (3) to
a point on the West bank of the Yellowstone River, thence running
up said West bank of the Yellowstone River in a Southwesterly
direction to its intersection with the East right of way line of
said Montana State Highway No. 23, as now located across said
Government Lot Three (3), thence running North 34(Degree)54'
along said right of way line of Montana State Highway No. 23 a
distance of 1108 feet to the North line of said Government Lot
Three (3), and the point of beginning, containing 24.82 acres,
more or less, all in Section Nine (9), Township Twenty-two (22)
North, Range Fifty-nine (59) East of the Montana Principal
Meridian,
LESS, Parcel No. 9 on Montana State Highway Project RTF 26-1(7)1,
as shown on the Right-of-Way plan for said project on file in the
office of the County Clerk and Recorder in Richland County,
Montana. Said parcel is also described as a tract of land in the
NW1/4SW1/4 and U.S. Government Lot 3 of Section 9, Township 22
North, Range 59 East, P.M., M., Richland County, Montana,
containing an area of 1.37 acres, more or less, including 1.01
acres, which constitute a part of an existing public highway.
Item 45138. Lewis and Clark Station -- Parcel 2
A parcel of land in the Northwest Quarter (NW1/4) of Section Nine
(9), Township Twenty-two (22) North, Range Fifty-nine (59) East
of the Montana Principal Meridian, Bounded and described as
follows:
Beginning at the Southwest corner of the Northwest Quarter
(NW1/4) of Section Nine (9), Township Twenty-two (22) North,
Range Fifty-nine (59) East, thence easterly along the east-west
centerline of said Section Nine (9) for a distance of 60.0 feet
to the true point of beginning, thence east for a distance of
125.0 feet, thence north for a distance of 1843.8 feet, said
point being on the southerly right of way of the Northern Pacific
Railway as now constructed, thence S. 33(Degree) 45' W. along
said right of way for a distance of 225.0 feet, thence south for
a distance of 1656.7 feet back to the true point of beginning,
containing in all 5.02 acres, more or less.
Item 45139. Lewis and Clark Station -- Parcel 3
The South 660 feet of the Southeast Quarter of the Northeast
Quarter (SE1/4NE1/4) of Section Nine (9), Township Twenty-Two
(22) North, Range Fifty-Nine (59) East, of the Montana Principal
Meridian, according to the plat attached hereto and made a part
hereof. Containing 20.0 acres, more or less.
Item 45140. Lewis and Clark Station -- Parcel 4
A tract of land lying in Government Lot Three (3) and accretion,
of Section Ten (10), Township Twenty-two (22) North, Range
Fifty-Nine (59) East of the Montana Principal Meridian, and more
particularly described as follows:
Beginning at the West One-Quarter corner of said Section Ten
(10), thence North along the Section line 760.0 feet; thence East
1040.0 feet; thence South parallel with the West section line
760.0 feet; thence West 1040.0 feet to the point of beginning and
containing 18.15 acres, more or less, according to the plat
hereto attached and made a part hereof.
Item 45141. Lewis and Clark Station -- Parcel 5
A tract of land lying in the SE1/4 NE1/4 and the NE1/4 NE1/4 of
Section 9, Township 22 North, Range 59 East, Montana Principal
Meridian, Richland County, Montana, and more particularly
described as follows:
Beginning at a point on the section line between Sections 9 and
10, 660.0 feet North of the 1/4 corner; thence West 1320.34 feet
to the West line of the SE1/4 NE1/4 of said Section 9; thence
North along said West line 335.34 feet; thence at an
angle right of 55(Degree)03' 283.93 feet; thence at an angle
right of 21(Degree)37' 191.24 feet; thence at an angle left of
30(Degree)05' 174.98 feet; thence at an angle right of
36(Degree)34' 774.18 feet more or less to the East section line
of said section 9; thence South along said East section line
707.03 feet more or less to the point of beginning and contains
18.40 acres more or less.
Item 45142. Lewis and Clark Station -- Parcel 6
A tract of land lying in the West one-half of the Northwest
Quarter (W1/2 NW1/4) of Section Ten (10), Township Twenty-two
(22) North, Range Fifty-nine (59) East, Principal Meridian,
Montana, Richland County, Montana, and more particularly
described as follows:
Beginning at a point on the west section line and being 760.0
feet North of the west one-quarter corner of above mentioned
Section 10, said point also being the northwest corner of a tract
of land recorded in Book of Deeds A-97, page 265 in the office of
the Clerk and Recorder of Richland County, Montana; thence
continuing North along said west section line 630 feet to the
Southwest corner of a tract of land recorded in Book of Deeds
A-92 at page 105 in the office of the Clerk and Recorder of
Richland County, Montana; thence East along the south line of
last said tract 450 feet to the southeast corner of said tract;
thence South 58(Degree) 13' East 567.52 feet to a point; thence
South 24(Degree)55' East 365.05 feet to a point on the north line
of the first above mentioned tract of land, if extended; thence
West along said north line of said tract 1086.2 feet to the True
Point of Beginning and containing 12.42 acres, more or less.
Item 45143. Lewis and Clark Station -- Parcel 7
The South 825 feet of the Southwest Quarter of the Northeast
Quarter (SW1/4 NE1/4) of Section Nine (9), Township Twenty-two
(22) North, Range Fifty-nine (59) East, Principal Meridian,
Montana, Richland County, Montana, and containing 25 acres, more
or less.
Item 45144. Savage Gas Regulator Station
That certain parcel of land in Lots ten (10) and Eleven (11) in
Block Twenty-one (21), Ulch's Addition to the Town of Savage,
Montana, particularly described as follows:
Beginning at a point on the West line of Said Lot Eleven (11),
Block Twenty-one (21), Ulch's Addition, Thirty and two tenths
(30.2) feet South of the Northwest corner of said Lot; thence
East Fifteen (15) Feet; thence South Nine and Eight Tenths (9.8)
feet to the south line of said Lot Eleven (11); thence continuing
South Five and Two Tenths (5.2) feet into Lot Ten (10) of Block
Twenty-one (21) of said Ulch's Addition of Savage; thence West
Fifteen (15) feet to the west line of same; thence North Fifteen
feet to the point of beginning.
Item 45145. Savage Electric Substation
That part of Lots 9, 10, 11 and 12, lying north of an Irrigation
Canal, in Block 31 of Ulch's Addition to Savage, Montana.
Item 45146. Sidney Warehouse
Beginning at a point in the South Line of Block Nine (9) in
Kenoyers First Addition to the Town of Sidney, one hundred (100)
feet easterly from the point of intersection of the East line of
Eighth Street East with the South Line of Said Block Nine, thence
from said point of beginning run northerly and parallel with the
said East Line of Eighth Street East, One Hundred and Forty (140)
Feet, thence at right angles and parallel with the South line of
Said Block Nine (9), run Easterly to the West Right-of-Way of the
Missouri River Ry. Op., thence southerly along said right-of-way
line to the South Line of Said Block Nine (9), thence along the
South line of Said Block Nine (9) to point of beginning, all
according to the official plat of Kenoyers First Addition to the
Town of Sidney, Richland County, filed at the office of the Clerk
and Recorder at Sidney, Montana.
Item 45147. Sidney Gas Regulator Station
A tract of land Fifteen Feet (15 ft.) by Fifteen Feet (15 ft.) in
Lots Thirteen and Fourteen (13 & 14) Block Twenty-three (23) of
Kenoyer's First Addition to Sidney, Montana, more particularly
described as follows:
Beginning at the Northeasterly corner of Lot Fourteen (14) in
Block Twenty-three (23) of Kenoyer's First Addition to Sidney,
Montana, running thence in a westerly direction on the lot line a
distance of Seven Feet; thence in a southerly direction and at
right angles to the north line of said Lot a distance of Fifteen
feet; thence in an easterly direction parallel with the North
line
of said lots a distance of fifteen feet; thence in a northerly
direction parallel with the line between lots Thirteen and
Fourteen (13 & 14) a distance of Fifteen feet, to the North
boundary line of Lot Thirteen, (13); thence in a westerly
direction along lot line, eight feet to the point of beginning.
Item 45148. Sidney Gas Regulator Station
A tract or parcel of land fifteen feet square in the
Northeasterly corner of Lot Eleven (11) of Block Twenty-two (22),
Townsite of Sidney, Montana. The land herein conveyed is more
particularly described as follows:
Beginning at the northeasterly corner of Lot Eleven (11) in Block
Twenty-two (22), above described, thence run in a westerly
direction along lot line a distance of fifteen (15) feet; thence
in a southerly direction a distance of Fifteen (15) feet; thence
in an easterly direction a distance of Fifteen (15) feet to the
easterly line of said Lot; thence in a Northerly direction along
lot line a distance of Fifteen (15) feet to the point of
beginning.
Item 45150. Sidney Gas Regulator Station
A tract or parcel of land fifteen feet square in the Northeast
corner of Lot Eight (8) in Block Three (3) of Gardner's First
Addition to the Town of Sidney, Richland County, Montana. The
land herein conveyed is more particularly described as follows:
Beginning at the northeast corner of said lot Eight (8) in Block
Three (3), above described, thence run west along lot line a
distance of fifteen (15) feet; thence south a distance of fifteen
(15) feet; thence east a distance of fifteen feet to the east
line of said lot; thence north along lot line a distance of
fifteen feet to point of beginning.
Item 45151. Sidney Electric Substation
The South Fifty (50) feet of Lots Three (3) and Four (4), Block
Forty-Six (46), KENOYER'S FIRST ADDITION to SIDNEY, MONTANA.
Item 45152. Sidney Northwest Substation
All of Lots 1 and 2 of Block 3 of the amended plat of Johnson's
Second Addition according to the official plat thereof on file in
the office of the Clerk and Recorder of Richland County, Montana.
Subject to all easements, reservations and rights of way apparent
or of record including liens and charges and unpaid construction
charges if any resulting from said lands lying within the Lower
Yellowstone Irrigation District. Subject, also, to all unpaid
special assessments accruing from and after January 1, 1982,
which the party of the second part agrees to assume. Reserving
unto first parties, their heirs and assigns all oil, gas and
other minerals not previously reserved or conveyed in or under or
that may be recovered and saved from the above described premises
provided, however, in the exercise of this reservation the top 50
feet of the surface shall not be disturbed.
ROOSEVELT COUNTY, MONTANA
Item 50101. Wolf Point Warehouse
A parcel of land located in the Southeast 1/4 of the Northeast
1/4 of Section 15, Township 27 North, Range 47 East. P.M.M.,
Roosevelt County, Montana, and being Parcel #01028 GN of
Certificate of Survey dated June 22, 2001, recorded on April 18,
2002, under Clerk and Recorder's File #5603 as Plat 263 B,
Roosevelt County, Montana.
Item 45153. Bainville Electric Substation
South One-Half of Northwest One-Quarter of Northeast One-Quarter
(S1/2NW1/4NE1/4), Section 33, Township 28 North, Range 58 East,
M.P.M.
LESS
A tract of land located within South half Northwest Quarter
Northeast Quarter (S1/2NW1/4NE1/4) Section Thirty-Three (33),
Township Twenty-Eight North (T28N), Range Fifty-Eight East (R58E)
Principal Meridian Montana (P.M.M.) Roosevelt County, Montana and
more particularly described as follows: Commencing at North 1/4
corner Section 33; thence S00(Degree)05'29"W along 1/4 line a
distance of 661.85 feet to the Point of Beginning; thence
S00(Degree)05'29"W along said 1/4 line a distance of 661.85 feet
to 1/16 line; thence S89(Degree)46'13"E along 1/16 line a
distance of 1323.21 feet; thence N00(Degree)09'14"E along 1/16
line a distance of 430.43 feet; thence S89(Degree)29'37"W a
distance of 290.07 feet; thence N00(Degree)23'49"E a distance of
175.67 feet; thence S89(Degree)45'28"E a distance of 289.30 feet
to 1/16 line; thence N00(Degree)09'14"E along said 1/16 line a
distance of 59.24 feet; thence N89(Degree)45'28"W a distance of
1323.93 feet to the Point of Beginning; said tract contains 18.95
acres or less.
Item 45154. Brockton Substation
A tract of land lying in the South Half of the Northeast Quarter
(S1/2 NE1/4) of Section Thirty (30), Township Twenty-eight (28)
North, Range Fifty-three (53) East of the Montana Meridian, the
boundaries of which are described as follows:
Beginning at the Northwest Corner of Southeast Quarter of the
Northeast Quarter (SE1/4 NE1/4) of Section Thirty (30), thence
North 89(Degree)56' West for a distance of 215.4. feet, thence
South 17(Degree)57' East for a distance of 120 feet to the True
Point of Beginning, thence North 72(Degree)03' East for a
distance of 140 feet, thence South 17(Degree)57' East for a
distance of 50 feet, thence South 72(Degree)03' West for a
distance of 140 feet, thence North 17(Degree)57' West for a
distance of 50 feet to the True Point of Beginning. Said tract
contains 0.161 acres, more or less.
Item 45155. Froid Substation Site
A parcel of land situated in the Southwest Quarter of the
Southwest Quarter (SW1/4 SW1/4) of Section Nineteen (19),
Township Thirty (30) North, Range Fifty-six (56) East, Montana
Principal Meridian, more particularly described as follows:
Beginning at a point 934.0 feet East and 30.0 feet North of the
Southwest corner of the aforesaid Section 19, which is the TRUE
POINT OF BEGINNING, and a point on the County Road right-of-way
line; thence East and parallel with the section line a distance
of 50 feet to an iron pipe; thence North at right angles to the
section line a distance of 50 feet to an iron pipe; thence West
and parallel to the South line a distance of 50 feet to an iron
pipe; thence South and parallel to the East line a distance of 50
feet to the point of beginning. Tract contains .057 acres, more
or less.
Item 45156. Poplar Regulator Station
Lot Three (3), Block Nineteen (19) of the original Townsite of
Poplar, Montana.
Item 45157. Poplar Gas Regulator Station
Beginning at the South West corner of Lot three (3), Block
Nineteen (19), of the Original Townsite of Poplar, Roosevelt
County, Montana, and extending East a distance of twenty (20)
feet along the South line, thence extending at right angles North
a distance of twenty(20) feet, thence extending at right angles
West a distance of twenty (20) feet to a point intersecting the
West line, thence South a distance of twenty (20) feet along the
West line to the point of beginning. Said Lot and Block being in
accordance with the plat thereof now on file and of record in the
office of the County Clerk and Recorder of Roosevelt County,
Montana.
Item 45158. Poplar Office
South Thirty-Five Feet (S35') of Lots One (1), Two (2) and Three
(3) of Block Twenty-Four (24) in the Townsite of Poplar, Montana,
according to the official plat of survey thereof.
Item 45159. Poplar Substation Site
Lot Fifteen (15) of Block Five (5) of the First Addition to
Poplar, Montana.
Item 49103. Poplar Distribution Substation
Lots 16 & 17, Block 5, First Addition to Poplar, Montana.
Item 45160. Wolf Point Warehouse and Electric Substation
Lot two of Block eighty-six in the Second Addition to the
Townsite of Wolf Point, Montana.
Item 45161. Wolf Point Gas Regulator Station
All of that part of LOT Twelve (12) in BLOCK Eight (8) of Sibbits
addition to Wolf Point, Montana, particularly described as
follows:
Beginning at the southwest corner of said lot twelve (12); thence
in an easterly direction along the southern boundary line of said
lot, a distance of twenty (20) feet; thence at right angles north
a distance of twenty (20) feet; thence at right angles west a
distance of twenty (20) feet to the west
boundary line of said lot; thence at right angles south a
distance of twenty (20) feet to the point of beginning.
Item 45162. Wolf Point Gas Regulator Station
All of that part of LOT Fourteen (14) in BLOCK Four (4) of the
original townsite of Wolf Point, Montana particularly described
as follows:
Beginning at the northwest corner of said lot 14, thence along
the north boundary line of said lot in a northeasterly direction
a distance of twenty feet (20 feet); thence at right angles in a
southerly direction a distance of twenty (20) feet; thence at
right angles in an westerly direction a distance of twenty (20)
feet; thence at right angles in a northeasterly direction along
the west boundary line of said lot a distance of twenty (20) feet
to the point of beginning.
Item 45163. Wolf Point Office Building
The east thirty-eight (38) feet of Lot Ten (10), of Block
Thirteen (13), Original Townsite of Wolf Point, Montana;
Item 45164. Wolf Point Gas Regulator Station
A tract of land situated in Lot 12 in Block 3 of the Townsite of
North Wolf Point, Montana, particularly described as follows:
Beginning at the northeast corner of Lot 12, thence south along
the east line of Lot 12 a distance of 20 feet, thence west at
right angles a distance of 20 feet, thence north at right angles
a distance of 20 feet, thence east at right angles along the
north property line of Lot 12, a distance of 20 feet to the point
of beginning.
Item 45165. Wolf Point Gas Regulator Station
The North Twenty (20) Feet of the West Twenty (20) Feet of Lot
Twelve (12) of Block Six (6) in the Appelgren Addition to North
Wolf Point, Montana.
Item 45166. Wolf Point Electric Substation
The South Sixty (60') of Lots 15 and 16, Block 43, First Addition
to Wolf Point, Montana.
Item 45167. Wolf Point Substation Addition
A tract of land in the NW1/4NE1/4 of Section 15, Township 27
North, Range 47 East, M.P.M., more particularly described as
follows:
Beginning at the one quarter section corner common to Sections 10
and 15, proceed southerly along the one quarter section line a
distance of 30 feet to the true point of beginning; from the true
point of beginning proceed southerly along the one quarter
section line a distance of 70 feet; thence easterly at an angle
of 90(Degree) 00' to the left a distance of 70 feet; thence
northerly at an angle of 90(Degree)00' to the left a distance of
70 feet; thence westerly at an angle of 90(Degree) 00' to the
left a distance of 70 feet to the true point of beginning, and
containing 4,900 square feet.
Item 45168. Wolf Point East Farm Line Substation
A parcel of land in the Southwest Quarter of the Northwest
Quarter (SW1/4NW1/4) of Section Seven (7), Township Twenty-seven
(27) North, Range Forty-eight (48) East of the Montana Principal
Meridian, beginning at a point 661.17 feet North and 30 feet East
of the West Quarter Corner of said Section 7, said point being on
the East-West one/sixty-fourth line of said SW1/4NW1/4, thence
North 0(Degree)5' West and parallel to the West line of said
Section 7, a distance of 100 feet, thence North 89(Degree)59'
East and parallel to the said one/sixty-fourth line a distance of
100 feet, thence South 0(Degree)5' East and parallel to the West
line of said Section 7 a distance of 100 feet to a point on said
one/sixty-fourth line, thence South 89(Degree)59' West and along
said one/sixty-fourth line a distance of 100 feet to the point of
beginning; said tract containing 0.23 acre, more or less.
ROSEBUD COUNTY, MONTANA
Item 45169. Forsyth Gas Regulator Station
A tract of land ten (10) feet by twelve (12) feet in area
situated in the southeast corner of Lot Eight (8), Block G,
Lord's Addition, and in Lot Eight (8), Block Eighteen (18),
Original Townsite of the Town, now City, of Forsyth, Montana,
described as follows:
Starting at a point of beginning which said point is the
southeast corner of said lot; thence northwesterly along the
alley line of said lot a distance of twelve (12) feet, thence at
right angles in a southwesterly direction a distance of ten (10)
feet, thence at right angles in a southeasterly direction a
distance of twelve (12) feet to the line which separates Lots
Eight (8) and Seven (7), and thence at right angles along said
separation line a distance of ten (10) feet to the point of
beginning.
Item 45170. Forsyth Gas Regulator Station
A rectangular tract or parcel of land ten feet by twelve feet in
dimension, situate in the Northeasterly corner of Lot 19 of Block
54 of the City of Forsyth, in accordance with the plat of the
original townsite of Forsyth, Montana, being twelve feet in
length along the alley in said Block 54 and ten feet wide along
the northerly line of said Lot 19 of said Block No. 54.
Item 45172. Forsyth Substation Site
Lot Eight-AP (8-AP) of the Amended Plat of Block Six (6) of the
Forsyth Land Company's South Side Addition to the City of
Forsyth, Montana, according to the Amended Plat thereof on file
and of record in the Clerk and Recorder's Office for Rosebud
County, Montana, as Document No. 47479.
Item 45173. Rosebud Electric Substation
A parcel of land in the N.E.1/4of Section 23, Township 6 N.,R. 42
E.M.P.M. described as follows:
Beginning at an iron pipe, said pipe being 2104.3 feet westerly
and 43.7 feet southerly from the Section Corner common to
Sections 14, 13, 23 and 24; thence southerly at a right angle to
the section line a distance of 50 feet to an iron pipe; thence
westerly parallel to the section line a distance of 40 feet to an
iron pipe; thence northerly at a right angle to the section line
a distance of 50 feet to an iron pipe; thence easterly parallel
to the section line a distance of 40 feet to the point of
beginning and containing 2000 square feet.
Item 45174. Rosebud Junction Substation
A parcel of land measuring 700' x 830' located in the Southwest
Quarter Northwest Quarter (SW1/4NW1/4) and Northwest Quarter
Southwest Quarter (NW1/4SW1/4) Section 21, Township 6 North,
Range 42 East, M.P.M., to be used for an electrical substation
and as shown colored red on Exhibit "A" attached hereto and by
this reference made a part hereof, containing 13.34 acres, more
or less;
A strip of land thirty (30) feet in width being fifteen (15) feet
on each side of the centerline of said easement over, upon and
across a portion of the West Half Northwest Quarter (W1/2NW1/4)
Section 21, Township 6 North, Range 42 East, M.P.M., to be used
for a 60 KV electric transmission line, and as shown colored
yellow on Exhibit "A", attached hereto and by this reference made
a part hereof, containing 1.00 acre, more or less;
A strip of land sixty (60) feet in width being thirty (30) feet
on each side of the centerline of said easement over, upon and
across a portion of the Southwest Quarter Northwest Quarter
(SW1/4NW1/4) and Northwest Quarter Southwest Quarter (NW1/4SW1/4)
Section 21, Township 6 North, Range 42 East, M.P.M., to be used
for an unpaved access road, and as shown colored blue on Exhibit
"A", attached hereto and by this reference made a part hereof,
containing 0.79 acre, more or less.
SHERIDAN COUNTY, MONTANA
Item 45175. Antelope Electric Substation
A parcel of land in the Northwest Quarter of the Northwest
Quarter (NW1/4NW1/4) of Section Twenty-Four (24), Township
Thirty-Four (34) North, Range Fifty-Five (55) East of the Montana
Principal Meridian, being more particularly described as follows:
Commencing at a point Thirty (30) feet south of the northwest
corner of said Section 24; thence South along the Section line a
distance of 50 feet to a point; thence at right angles East a
distance of 80 feet to a point; thence at right angles North a
distance of 50 feet to a point; thence at right angles West
parallel with the north Section line a distance of 80 feet to the
point of beginning. Containing 4000 square feet.
Item 45176. Homestead Substation Site
A tract of land in the Southwest Quarter of the Southwest Quarter
(SW1/4SW1/4) of Section Twenty-Four (24), Township Thirty-One
(31) North, Range Fifty-Five (55) East of the Montana Principal
Meridian, being more particularly described as follows:
Beginning at a point 52.5 feet North and 30 feet East of the
Southwest Corner of said Section Twenty-Four (24), thence North
50 feet to a point; thence East 50 feet to a point; thence South
50 feet to a point on the North Line of the State Highway
right-of-way line; thence West along the State Highway
right-of-way line a distance of 50 feet to the point of
beginning, containing 0.057 acres, more or less.
Item 45177. Medicine Lake Electric Substation
A parcel of land lying and being in the Southeast Quarter of the
Northwest Quarter (SE1/4NW1/4) of Section twenty-five (25),
Township thirty-two (32) North, Range fifty-five (55) East,
Montana Principal Meridian, Sheridan County, Montana, and more
particularly described as follows: Beginning at a point on the
Westerly Right-of-Way line of the Great Northern Railway
Company's Right-of-Way as now located and used; said point being
South sixteen degrees eleven minutes West (S16(Degree)11'W)
fifteen and seven tenths (15.7) feet from the point where the
North line of said Southeast Quarter
of the Northwest Quarter (SE1/4NW1/4) intersects the
aforementioned right-of-way line and is the true point of
beginning; thence West and parallel to the Quarter Quarter line a
distance of fifty-five and zero tenths (55.0) feet; thence South
at right angles to the Quarter Quarter line a distance of fifty
and zero tenths (50.0) feet; thence East and parallel to the
Quarter Quarter line a distance of forty and five tenths (40.5)
feet to the Westerly Right-of-Way line of the Great Northern
Company's aforementioned right-of-way; thence North along said
right-of-way line fifty-two and one tenths (52.1) feet to the
true point of beginning and containing fifty-five thousandths
(.055) acres, more or less.
Item 45178. Outlook Electric Substation Site
A tract of land in the Northeast Quarter (NE1/4) of Section Four
(4), Township Thirty-five (35) North, Range Fifty-three (53) East
of the M.P.M., particularly described as follows, to wit:
Commencing at the Northeast corner of said Section 4, thence West
along the North section line of said Section 4 a distance of
192.5 feet to the center line of Montana State Highway
constructed under Project #123(1); thence South 23(Degree)36'
West a distance of 2079 feet, which is also the center line of
said highway; thence 90(Degree) to the right a distance of 60
feet to a point on the westerly edge of said highway right of way
which the TRUE POINT OF BEGINNING: thence South 23(Degree)36'
West a distance of 100 feet which is also the West line of said
highway right of way; thence 90(Degree) to the right a distance
of 100 feet; thence 90(Degree) to the right of distance of 100
feet; thence 90(Degree) to the right a distance of 100 feet to
the point of beginning.
Item 45179. Plentywood Electric Substation Site
A Tract of Land in the NE1/4 of the SE1/4 of Section 19, in
Township 35 North, Range 55 East described as follows: Beginning
at the SW corner of the NE1/4 of the SE1/4 of said Section 19,
thence North along the West Line of the NE1/4 of the SE1/4 of
Section 19 to the South Line of Lot 12 of Lasaters Gardens in
Plentywood, Montana a distance of 589.6 feet; thence in a
Southeasterly direction S66(Degree)49' E and along the South line
of Lots 12, 11, 10, 9, 8, and 7 of the aforementioned Lasaters
Gardens to the SE corner of Lot 7 a distance of 722.6 feet;
thence Southwesterly S23(Degree)11' W a distance of 334.6 feet to
the South line of NE1/4 of the SE1/4 of said Section 19; thence
west along the South line of the NE1/4 of the SE1/4 of
Section 19 a distance of 535.2 feet to the point of beginning.
Item 45180. Plentywood Electric Substation Site
The Northwest Quarter of the Northwest Quarter of the Northwest
Quarter (NW/4NW/4NW/4) of Section Twenty-Seven (27), Township
Thirty-Five (35) North, Range Fifty-Five (55) East of the Montana
Principal Meridian, containing ten (10) acres, more or less.
Item 45181. Redstone Electric Substation Site
Lot Six (6) of Block Nine (9) of the Original Townsite of
Redstone, Montana
Item 45182. Reserve Electric Substation Site
The North 50 feet of Lot 1, in Block 6 of Wakea (Reserve),
Montana, in the County of Sheridan, State of Montana.
VALLEY COUNTY, MONTANA
Item 45184. Glasgow Gas Regulator Station Site
That portion of lot 22 in block 17 of the original townsite of
Glasgow, Montana which is particularly described as follows, to
wit: beginning at the point of intersection of the alley line of
the alley which divides said block 17 and bound said lot 22 and
the west property line of south seventh street which point of
intersection is the extreme north easterly corner of lot 22 in
said block 17, and thence along the said boundary line of said
lot 22 which is the said property line of said south seventh
street a distance of 20 feet in a south westerly direction,
thence at right angles over and across a portion of said lot 22 a
distance of 10 feet, and thence at right angles in a north
easterly direction a distance of 20 feet to the property-alley
line of said lot and thence at right angles and along said alley
line in a south easterly direction a distance of 10 feet to the
point of beginning; which said portion of ground is 10 feet X 20
feet in dimensions and located in the north easterly corner of
said lot 22 and said block 17.
Item 45185. Glasgow Gas Regulator Station Site
A parcel of land fifteen feet by twenty feet containing three
hundred square feet in the northeast corner of Lot 13 in Block 26
of the original townsite of Glasgow, Valley County, Montana, and
more particularly described as follows:
Commencing at the northeast corner of said Lot 13; thence
westerly along the north boundary line of said Lot 13 a distance
of twenty feet; thence southerly and parallel to the boundary
line common to Lot 13 and 14 of said block, a distance of 15
feet; thence easterly and parallel to the north boundary line of
said Lot 13 a distance of 20 feet, thence northerly along the
boundary line common to Lot 13 and 14 of said Block a distance of
fifteen feet to the point of beginning.
Item 45186. Glasgow Office
Lots 10 and 11, Block 29, of the Original Townsite of Glasgow,
Valley County, Montana.
WIBAUX COUNTY, MONTANA
Item 45187. Pine Unit Substation
A tract of land located in the Southwest Quarter (SW1/4) of
Section Twenty-three (23), Township Eleven (11) North, Range
Fifty-seven (57) East of the P.M.M., Wibaux County, Montana, more
particularly described as follows:
Beginning at a point 3,227.4 ft. South and 3,170.7 ft. West of
the Northeast Corner of said Section 23, thence on a bearing of
S23(Degree)14'E. for a distance of 50.0 ft., thence on a bearing
of S66(Degree)46'W. for a distance of 100.0 ft., thence on a
bearing of N23(Degree)14'W. for a distance of 100.0 ft., thence
on a bearing of N66(Degree)46'E. for a distance of 100.0 ft.,
thence on a bearing of S23(Degree)14'E. for a distance of 50.0
ft. to the point of beginning.
Item 45188. Pine Unit Substation
A tract of land located in the Southwest Quarter (SW1/4) of
Section Three (3), Township 11 North, Range 57 East of the
Principal Meridian, Wibaux County, Montana, more particularly
described as follows:
Beginning at a point 362.2 feet North and 4,088.1 feet West of
the Southeast Corner of said Section Three (3); thence on a
bearing of S.00(Degree)23'E. for a distance of 50.0 feet; thence
on a bearing of S.89(Degree)37'W. for a distance of 100.0 feet;
thence on a bearing of N.00(Degree)23'W. for a distance of 100.0
feet; thence on a bearing of N.89(Degree)37'E. for a distance of
100.0 feet; thence on a bearing of S.00(Degree)23'E. for a
distance of 50.0 feet to the point of beginning; said tract of
land containing 0.23 acre, more or less, according to the
Certificate of Survey No. 12 on file and of record in the office
of the Clerk and Recorder of Wibaux County, Montana.
Item 49104. Wibaux Distribution Substation
Lots One (1) and Two (2) of Block Six (6) in Job's Subdivision to
the Town of Wibaux, MT. Said Lots 1 & 2 of Block 6 in Job's
Subdivison are located in W1/2NW1/4 of Section Twelve (12), in
Township Fourteen (14) North, Range Fifty-Nine (59) East of the
M.P.M., as described in the Warranty Deed recorded in Book 27 of
Deeds, Page 27, on February 22, 1982, Wibaux County records.
Item 49105. Highline 144 to Wibaux
All of Block 6, Archie Holms Addition to the Town of Wibaux,
Wibaux County, Montana.
YELLOWSTONE COUNTY, MONTANA
Item 45189. Billings Gas Regulator Station
Lot 3-A of the Amended Plat of Lots 1, 2 and 3, Block 27,
Foster's Addition, according to the plat thereof on file and of
record in the office of the Clerk and Recorder of Yellowstone
County, Montana, as document no. 1616580; together with a ten
foot wide utility access easement over, under and across Lot 1-A
of the Amended Plat of Lots 1, 2 and 3, Block 27, Foster's
Addition, lying in the northeasterly corner of said Lot 1-A, as
more particularly described on the Amended Plat of Lots 1, 2 and
3, Block 27, Foster's Addition, for the purpose of providing
access from North 29th Street to Lot 3-A, and for the
construction, operation, maintenance, repair and replacement of
an underground natural gas pipeline between the dedicated North
29th Street and said Lot 3-A.
Item 45190. North District Regulator Station
That part of Section 17, Township 1 North, Range 26 East, M.P.M.,
described as Tract 2B, Certificate of Survey No. 2017 Amended, on
file in the office of the Clerk and Recorder of said County,
under Document #1210951.
Item 45191. Billings Northeast District Station
That part of Section 11, Township 1 North, Range 26 East, of the
Principal Meridian, in Yellowstone County, Montana, described as
follows:
Beginning at a point which lies South 18(Degree)39'39" West a
distance of 167.52 feet from the Northeast corner of said
section; thence South 70(Degree)30'07" West a distance of 154.33
feet; thence North 19(Degree)29'53" West a distance of 56.81
feet; thence South 89(Degree)17'22" East a distance of 164.46
feet to the point of beginning, containing .101 acres. Now Known
as Certificate of Survey No. 1542
Item 45192. Billings Gas Distribution Line
The Southerly Thirty (30) feet of Lot Thirty-three (33) of the
Clark Subdivision to the City of Billings, Montana, excepting
that portion heretofore conveyed as shown in Book 813 of Deeds at
page 276, and being described as that part of said Lot 33 lying
southeasterly of a line which is parallel to and 150
feet distant from the centerline of Interstate Highway I-90
between survey stations 798-00 and 798-88. Said tract lying and
being in the Northwest Quarter (NW1/4) of Section Eleven (11),
Township One (1) South, Range Twenty-six (26) East of the Montana
Principal Meridian.
Item 45193. Billings Division Office Building
Lots 3 and 4 in Block 59 of the Original Town, now City, of
Billings, Montana, according to the plat thereof on file and of
record in the office of the County Clerk and Recorder of
Yellowstone County, Montana.
Item 45194. Billings Tract No. 1
Lot 21, Block 8 of Yellowstone Addition to the City of Billings,
Yellowstone County, Montana, excepting and reserving unto
Montana-Dakota Utilities Co. a portion of said Lot 21 described
as follows:
Beginning at the northwest corner of said Lot 21, thence south
along the west boundary line of said Lot 21 a distance of 25
feet, thence easterly 25 feet to the east boundary line of said
Lot 21, thence northerly along the east boundary line of said Lot
21 a distance of 25 feet to the northeast corner of said Lot 21,
thence westerly along the northerly boundary line of said Lot 21
a distance of 25 feet to the point of beginning, said tract
containing approximately .014 acres.
Item 45195. Billings Tract No. 2
That certain tract of land located in NW1/4NE1/4NW1/4 of Section
9, Township 1 S., Range 26 East, described as Certificate of
Survey No. 945 in accordance with the said certificate on file
and of record in the office of the County Clerk and Recorder of
Yellowstone County, Montana.
Item 45196. Billings Tract No. 3
A tract of land in NW1/4NE1/4NW1/4, Section 9, Township 1 South,
Range 26 East, M.P.M., Yellowstone County, Montana, more
particularly described as follows:
Beginning at the point of intersection of the existing southerly
200-foot right-of-way line of the Northern Pacific Railway, and
the east line of the said NW1/4NE1/4NW1/4, said point bearing
South 62(Degree)02' West, 749.4 feet, from the north quarter
corner of said Section 9; thence South 55(Degree) 40' West, along
said southerly right-of-way line, 400.4 feet; thence South
0(Degree)10' West, 86.6 feet; thence North 55(Degree) 22' East,
86.34 feet; thence northeasterly along a curve to the left of
1482.5 feet radius, 244.9 feet; thence North 45(Degree) 52' East,
97.22 feet, more or less, to the east line of the said
NW1/4NE1/4NW1/4; thence northerly along the said east line, 42.27
feet, more or less, to the point of the beginning.
Item 45197. Billings Gas Regulator Station
A tract of land located in the Northeast quarter of Section 1, of
township 1 South and Range 25 East, M.P.M., which is bounded and
described as follows, to wit:
Beginning at a point which is located 30.0 feet West, and 60.0
feet North of the Southeast corner of said North East quarter;
thence West, on a line parallel to the south line of said North
East quarter, a distance of 100.0 feet; thence North, parallel to
the East line of said North East quarter, a distance of 50.0
feet; thence East, parallel to said South line, a distance of
100.0 feet; thence South, parallel to said East line, a distance
of 50 feet, to the point of beginning. Said tract contains 0.11
acres of land.
Item 45198. Billings Operations Department Building and Gas Regulator
Station
All of Lots Fourteen (14), Fifteen (15), Sixteen (16), Seventeen
(17), Eighteen (18), Nineteen (19) and Twenty (20) in Block
Seventeen (17) of the original Town (now City) of Billings,
Montana, according to the official plat thereof now on file and
of record in the office of the County Clerk and Recorder of
Yellowstone County, Montana.
Lots Twenty-one (21) and Twenty-two (22) in Block Seventeen (17)
of the original Town (now City) of Billings, Montana, according
to the official plat thereof now on file and of record in the
office of the County Clerk and Recorder of Yellowstone County,
Montana.
Lots Nine (9), Ten (10), and Eleven (11) in Block Seventeen (17)
of the original Town (now City) of Billings, Montana, according
to the official plat thereof now on file and of record in the
office of the County Clerk and Recorder of Yellowstone
County, Montana.
Lots Three (3), Four (4), Five (5), Six (6), Seven (7) and Eight
(8) in Block Seventeen (17) of the original Town (now City) of
Billings, Montana, according to the official plat thereof now on
file and of record in the office of the County Clerk and Recorder
of Yellowstone County, Montana.
Lots One (1) and Two (2) in Block Seventeen (17) of the original
Town (now City) of Billings, Montana, according to the official
plat thereof now on file and of record in the office of the
County Clerk and Recorder of Yellowstone County, Montana.
Lots Twenty-three (23) and Twenty-four (24) in Block Seventeen
(17) of the original Town (now City) of Billings, Montana,
according to the official plat thereof now on file and of record
in the office of the County Clerk and Recorder of Yellowstone
County, Montana.
A tract of land located in Lots Two (2) and Seven (7) in the West
Half of the Northeast Quarter of the Northwest Quarter
(W1/2NE1/4NW1/4) of Section Nine (9), Township One (1) South,
Range Twenty-six (26) East, lying south and adjacent to the south
right of way line of the Northern Pacific Railroad and described
as follows:
Beginning at the intersection of the south right of way line of
the Northern Pacific railroad with the east line of the West Half
of the Northeast Quarter of the Northwest Quarter
(W1/2NE1/4NW1/4) of Section Nine (9), Township One (1) South,
Range Twenty-six (26) East, whence the quarter section corner
common to Sections Four (4) and Nine (9), Township One (1) South,
Range Twenty-six (26) East, bears North 62(Degree) 02' East,
749.4 feet; thence South 0(Degree) 10' West along the East line
of the West Half of the Northeast Quarter of the Northwest
Quarter (W1/2NE1/4NW1/4) of said section, 376.2 feet; thence West
330 feet; thence North 0(Degree) 10' East, 151.7 feet, to the
south right of way line of the Northern Pacific Railroad; thence
North 55(Degree) 40' East along the right of way line 400.4 feet,
to the place of beginning; containing two (2) acres, more or
less.
Item 45199. Billings Tract No. 4
All of Lots One (1) and Two (2) in Block Eight (8) of the North
Elevation Subdivision, third filing, in the City of Billings,
Montana, according to the plat thereof now on file in the office
of the County Clerk and Recorder of Yellowstone County, Montana;
subject to building restrictions now of record imposed by the
Elevation Company as set forth in the deed from that Company to
Peter Bereolos and George J. Brahos, dated November 6, 1919 and
recorded in Volume 78 of Deeds, at page 381.
Item 45201. Billings Office Building
Lots One (1) and Two (2) in Block Fifty-nine (59) of the original
Town (now City) of Billings, Montana, according to the official
plat thereof now on file and of record in the office of the
County Clerk and Recorder of Yellowstone County, Montana.
Item 45202. Billings Gas Regulator Station
A tract of land fourteen (14) feet by eighteen (18) feed in
dimension situated in Lot Twenty-five (25) of Block Thirty-two
(32), Suburban Homes Addition, City of Billings, Montana,
particularly described as follows:
Beginning at a point on the east line of Lot 25, Block 32,
Suburban Homes Addition, City of Billings, Montana, according to
the official plat thereof on file in the office of the County
Clerk and Recorder of Yellowstone County, Montana, which point is
72 feet south of the south line of Lewis Avenue, and running
thence south along the east line of said Lot 25, 18 feet; thence
west 14 feet; thence north 18 feet; thence east 14 feet to the
place of beginning, together with the right of ingress and egress
over said Lot 25 and over Lot 24 in said Block 32 in entering
upon and leaving said described tract of land, together with the
right to lay pipe line through said described lots.
Item 45203. Billings Gas Regulator Station
A tract of land ten (10) feet by sixteen (16) feet in the
northeast corner of Lot Ten (10) in Block One Hundred Eighteen
(118) of the original Town (now City) of Billings, Montana,
bounded and described as follows:
Beginning at the northeast corner of said Lot Ten (10), running
in a westerly direction a distance of ten feet; thence in a
southerly direction a distance of sixteen feet; thence in an
easterly direction ten feet; thence in a northerly direction
sixteen feet to the place of beginning, according to the official
plat thereof now on file and of record in the office of the
County Clerk and Recorder of Yellowstone County, Montana.
Item 45204. Billings Gas Regulator Station
An unplatted strip of land adjoining the east side of Lot One
(1), Block Five (5), of the Clanton Heights Subdivision, in the
Southeast Quarter (SE1/4) of Section Thirty-one (31), Township
One (1) North, Range Twenty-six (26) East of the M.P.M., in
Yellowstone County, Montana, more particularly described as
follows, to wit:
Beginning at the northeast corner of said Lot One (1) in said
Block Five (5) of said Clanton Heights Subdivision in the
Southeast Quarter (SE1/4) of Section Thirty-one (31), Township
One (1) North, Range Twenty-six (26) East, running thence south a
distance of sixteen feet along the east line of said Lot One (1);
thence east at right angles to said north line of said Lot One
(1) a distance of twenty-five feet; thence directly north sixteen
feet; thence directly west a distance of twenty-five feet to the
place of beginning, said tract of land being rectangular in
shape, twenty-five (25) feet long east and west, and sixteen (16)
feet wide north and south.
Item 45206. Billings Gas Regulator Station
Lot Twenty-one (21) of Block Eight (8) of Yellowstone Addition to
the City of Billings, Montana.
Item 45208. Billings Gas Regulator Station
A tract of land located in the Northeast Quarter (NE1/4) of
Section One (1), Township One (1) South, Range Twenty-five (25)
East of the M.P.M., which is bounded and described as follows, to
wit:
Beginning at a point which is located 30.0 feet West and 60.0
feet North of the southeast corner of said Northeast Quarter
(NE1/4); thence West, on a line parallel to the south line of
said Northeast Quarter (NE1/4), a distance of 100.0 feet; thence
North, parallel to the east line of said Northeast Quarter
(NE1/4) a distance of 50.0 feet; thence East, parallel to the
said south line, a distance of 100.0 feet; thence South, parallel
to said east line, a distance of 50 feet, to the point of
beginning, said tract containing 0.11 acres of land, situated in
Yellowstone County, Montana.
Item 45209. Billings Parking Lot
All of Lots 20, 21, 22, 23, and 24 in Block 18 of the original
town, now city of Billings, according to the official plat on
file in the Office of the Clerk of Recorder of said County.
Item 49106. Billings Lockwood Regulator Station
A tract of land situated in the Northeast Quarter (NE1/4) of
Section 34, Township 1 North, Range 26 East of the Montana
Principal Meridian, County of Yellowstone, State of Montana more
particularly described as follows:
Tract 2 of Certificate of Survey 2742 amending Tract 3A of
Certificate of Survey 1640 Amended, filed on record as
Certificate of Survey No. 2742 with the Clerk and Recorder of
Yellowstone County on March 1, 1993, as Document No. 1673005.
Said Tract 2 contains 0.027 acres.
Item 45212. Laurel Gas Regulator Station
A tract of land seventy-five (75) feet by twenty-five (25) feet
in dimension, situated in the southeast corner of Lot Seven (7)
of Nuttings Second Subdivision to the city of Laurel, Montana,
particularly described as follows, to wit:
Beginning at a point which lies South 89(Degree)46' East a
distance of 800 feet and North a distance of 30 feet from the
south quarter corner of Section Ten (10), Township Two (2) South,
Range Twenty-four (24) East, said point being coincident with the
southeast corner of Lot Seven (7) of Nuttings Second Subdivision
to the City of Laurel, Montana, according to the official plat
thereof now on file and of record in the office of the County
Clerk and Recorder in and for Yellowstone County, Montana, being
a portion of the Southeast Quarter (SE1/4) of Section Ten (10),
Township Two (2) South, Range Twenty-four (24) East; thence North
75 feet; thence North 89(Degree)46' West 25 feet; thence South 75
feet; thence South 89(Degree)46' East 25 feet, to the place of
beginning.
Item 45213. Laurel Gas Regulator Station
Lot Two (2) in Block Twenty-eight (28) in Laurel - Allards
Subdivision to the City of Laurel, Yellowstone County, Montana.