EXHIBIT 4.50
SUPPLEMENTAL TRUST INDENTURE
FROM
NORTHERN STATES POWER COMPANY
TO
HARRIS TRUST AND SAVINGS BANK
TRUSTEE
---------------------
DATED JUNE 1, 2000
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SUPPLEMENTAL TO TRUST INDENTURE
DATED FEBRUARY 1, 1937
AND
SUPPLEMENTAL AND RESTATED
TRUST INDENTURE
DATED MAY 1, 1988
TABLE OF CONTENTS
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PAGE
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PARTIES...........................................................................................................1
RECITALS..........................................................................................................1
Form of Bonds of Resource Recovery Series R.......................................................................4
Form of Trustee's Certificate.....................................................................................8
FURTHER RECITALS..................................................................................................8
ARTICLE I SPECIFIC SUBJECTION OF ADDITIONAL PROPERTY TO THE LIEN OF THE
ORIGINAL INDENTURE.......................................................................8
Section 1.01 Grant of certain property, including personal property to comply
with the Uniform Commercial Code, subject to permitted liens and
other exceptions contained in 1937 Indenture.............................................8
ARTICLE II PROVISIONS OF BONDS OF RESOURCE RECOVERY SERIES R.......................................10
Section 2.01 Terms of Bonds of Resource Recovery Series R............................................10
Section 2.02 Payment of principal and interest of Bonds of Resource
Recovery Series R.......................................................................10
Section 2.03 Bonds of Resource Recovery Series R deemed fully paid upon
payment of Resource Recovery Bonds......................................................12
Section 2.04 Interchangeability of bonds.............................................................12
Section 2.05 Charges upon exchange or transfer of bonds..............................................12
ARTICLE III FINANCING STATEMENT TO COMPLY WITH THE UNIFORM
COMMERCIAL CODE.........................................................................12
Section 3.01 Names and addresses of debtor and secured party.........................................12
Section 3.02 Property subject to lien................................................................13
Section 3.03 Maturity dates and principal amounts of obligations secured.............................13
Section 3.04 Financing Statement adopted for all First Mortgage Bonds listed
in Section 3.03.........................................................................13
-i-
Section 3.05 Recording data for the 1937 Indenture and prior Supplemental
Trust Indentures........................................................................13
Section 3.06 Financing Statement covers additional series of First Mortgage
Bonds...................................................................................15
ARTICLE IV AMENDMENTS TO INDENTURE.................................................................15
Section 4.01 Consent of holders of Bonds.............................................................15
ARTICLE V MISCELLANEOUS...........................................................................15
Section 5.01 Recitals of fact, except as stated, are statements of the Company.......................16
Section 5.02 Supplemental Trust Indenture to be construed as a part of the 1937 Indenture, as
supplemented............................................................................16
Section 5.03(a) Trust Indenture Act to control..........................................................16
(b) Severability of conditions contained in Supplemental Trust Indenture and Bonds..........16
Section 5.04 Word "Indenture" as used herein includes in its meaning the 1937 Indenture and
all indentures supplemental thereto.....................................................16
Section 5.05 References to either party in Supplemental Trust Indenture include successors or
assigns.................................................................................16
Section 5.06(a) Provision for execution in counterparts.................................................17
(b) Table of Contents and descriptive headings of Articles not to affect meaning............17
Schedule A .......................................................................................A-1
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SUPPLEMENTAL TRUST INDENTURE, MADE AS OF THE 1ST DAY OF JUNE, 2000, BY
AND BETWEEN NORTHERN STATES POWER COMPANY, a corporation duly organized and
existing under and by virtue of the laws of the State of Minnesota, having its
principal office in the County of Minneapolis, Minnesota (the "Company"), party
of the first part, and HARRIS TRUST AND SAVINGS BANK, a corporation duly
organized and existing under and by virtue of the laws of the State of Illinois,
having its principal office in the City of Chicago, Illinois, as Trustee (the
"Trustee"), party of the second part;
WITNESSETH:
WHEREAS, the Company has heretofore executed and delivered to the
Trustee its Trust Indenture (the "1937 Indenture"), made as of February 1, 1937,
whereby the Company granted, bargained, sold, warranted, released, conveyed,
assigned, transferred, mortgaged, pledged, set over and confirmed to the Trustee
and to its respective successors in trust, all property, real, personal and
mixed then owned or thereafter acquired or to be acquired by the Company (except
as therein excepted from the lien thereof) and subject to the rights reserved by
the Company in and by the provisions of the 1937 Indenture, to be held by said
Trustee in trust in accordance with the provisions of the 1937 Indenture for the
equal pro rata benefit and security of all and each of the bonds issued and to
be issued thereunder in accordance with the provisions thereof; and
WHEREAS, the Company heretofore has executed and delivered to the
Trustee a Supplemental Trust Indenture, made as of June 1, 1942, whereby the
Company conveyed, assigned, transferred, mortgaged, pledged, set over, and
confirmed to the Trustee, and its respective successors in said trust,
additional property acquired by it subsequent to the date of the 1937 Indenture;
and
WHEREAS, the Company heretofore has executed and delivered to the
Trustee the following additional Supplemental Trust Indentures which, in
addition to conveying, assigning, transferring, mortgaging, pledging, setting
over, and confirming to the Trustee, and its respective successors in said
trust, additional property acquired by it subsequent to the preparation of the
next preceding Supplemental Trust Indenture and adding to the covenants,
conditions, and agreements of the 1937 Indenture certain additional covenants,
conditions, and agreements to be observed by the Company, created the following
series of First Mortgage Bonds:
DATE OF SUPPLEMENTAL
TRUST INDENTURE DESIGNATION OF SERIES
------------------- ---------------------
February 1, 1944 Series due February 1, 1974 (retired)
October 1, 1945 Series due October 1, 1975 (retired)
July 1, 1948 Series due July 1, 1978 (retired)
August 1, 1949 Series due August 1, 1979 (retired)
June 1, 1952 Series due June 1, 1982 (retired)
October 1, 1954 Series due October 1, 1984 (retired)
September 1, 1956 Series due 1986 (retired)
August 1, 1957 Series due August 1, 1987 (redeemed)
July 1, 1958 Series due July 1, 1988 (retired)
December 1, 1960 Series due December 1, 1990 (retired)
August 1, 1961 Series due August 1, 1991 (retired)
DATE OF SUPPLEMENTAL
TRUST INDENTURE DESIGNATION OF SERIES
------------------- ---------------------
June 1, 1962 Series due June 1, 1992 (retired)
September 1, 1963 Series due September 1, 1993 (retired)
August 1, 1966 Series due August 1, 1996 (redeemed)
June 1, 1967 Series due June 1, 1995 (redeemed)
October 1, 1967 Series due October 1, 1997 (redeemed)
May 1, 1968 Series due May 1, 1998 (redeemed)
October 1, 1969 Series due October 1, 1999 (redeemed)
February 1, 1971 Series due March 1, 2001 (redeemed)
May 1, 1971 Series due June 1, 2001 (redeemed)
February 1, 1972 Series due March 1, 2002 (redeemed)
January 1, 1973 Series due February 1, 2003 (redeemed)
January 1, 1974 Series due January 1, 2004 (redeemed)
September 1, 1974 Pollution Control Series A (redeemed)
April 1, 1975 Pollution Control Series B (redeemed)
May 1, 1975 Series due May 1, 2005 (redeemed)
March 1, 1976 Pollution Control Series C (retired)
June 1, 1981 Pollution Control Series D, E and F (redeemed)
December 1, 1981 Series due December 1, 2011 (redeemed)
May 1, 1983 Series due May 1, 2013 (redeemed)
December 1, 1983 Pollution Control Series G (redeemed)
September 1, 1984 Pollution Control Series H (redeemed)
December 1, 1984 Resource Recovery Series I (redeemed)
May 1, 1985 Series due June 1, 2015 (redeemed)
September 1, 1985 Pollution Control Series J, K and L
July 1, 1989 Series due July 1, 2019 (redeemed)
June 1, 1990 Series due June 1, 2020 (redeemed)
October 1, 1992 Series due October 1, 1997 (retired)
April 1, 1993 Series due April 1, 2003
December 1, 1993 Series due December 1, 2000, and December 1, 2005
February 1, 1994 Series due February 1, 1999 (retired)
October 1, 1994 Series due October 1, 2001
June 1, 1995 Series due July 1, 2025
April 1, 1997 Pollution Control Series M (redeemed), N, 0 and P
March 1, 1998 Series due March 1, 2003, and March 1, 2028
May 1, 1999 Resource Recovery Series Q; and
WHEREAS, the 1937 Indenture and all of the foregoing Supplemental Trust
Indentures are referred to herein collectively as the "Original Indenture"; and
WHEREAS, the Company heretofore has executed and delivered to the
Trustee a Supplemental and Restated Trust Indenture, dated May 1, 1988 (the
"Restated Indenture"), which, in addition to conveying, assigning, transferring,
mortgaging, pledging, setting over, and confirming to the Trustee, and its
respective successors in said trust additional property acquired by it
subsequent to the preparation of the next preceding Supplemental Trust
Indenture, amended and restated the Original Indenture; and
WHEREAS, the Restated Indenture will not become effective and operative
until all bonds of each series issued under the Original Indenture prior to May
1, 1988 shall have been retired through payment or redemption (including those
bonds "deemed to be paid" within the meaning
2
of that term as used in Article XVII of the 1937 Indenture) or until, subject
to certain exceptions, the holders of the requisite principal amount of such
bonds shall have consented to the amendments contained in the Restated
Indenture (such date being herein called the "Effective Date"); and
WHEREAS, the Original Indenture and the Restated Indenture are
referred to herein collectively as the "Indenture"; and
WHEREAS, the County of Anoka, a political subdivision existing under
the Constitution and laws of the State of Minnesota (the "County") has issued
$19,615,000 principal amount of its Resource Recovery Refunding Revenue Bonds
(Northern States Power Company Project), Series 1999 (the "Resource Recovery
Bonds") pursuant to the provisions of the Indenture of Trust, dated as of
September 1, 1999, as supplemented by Supplemental Indenture No. 1 dated as of
June 1, 2000 (as supplemented, the "Resource Recovery Indenture"), between the
County and Firstar Bank, N.A., as Trustee (said Trustee or any successor trustee
under the Resource Recovery Indenture being hereinafter referred to as the
"Resource Recovery Trustee"); and
WHEREAS, the net proceeds of the Resource Recovery Bonds were loaned by
the County to the Company pursuant to the provisions of a Loan Agreement dated
as of September 1, 1999 as amended by Amendment No. 1 dated as of June 1, 2000,
between the County and the Company (as amended, the "Agreement"), to provide a
portion of the funds to finance the refunding of the Company's Resource Recovery
Revenue Bonds (Northern States Power Company Project) Series 1985; and
WHEREAS, payments by the Company under and pursuant to the Agreement
have been assigned by the County to the Resource Recovery Trustee in order to
secure the payment of the Resource Recovery Bonds; and
WHEREAS, in order to further secure the payment of the Resource
Recovery Bonds, the Company desires to provide for the issuance under the
Indenture to the Resource Recovery Trustee of a new series of bonds designated
"First Mortgage Bonds, Resource Recovery Series R" (sometimes called "Bonds of
Resource Recovery Series R"), in a principal amount equal to the principal
amount of the Resource Recovery Bonds, and with corresponding terms and
maturity, the Bonds of Resource Recovery Series R to be issued as registered
bonds without coupons in denominations of a multiple of $5,000; and
WHEREAS, the Bonds of Resource Recovery Series R are to be
substantially in the form and tenor following, to-wit:
3
(Form of Bonds of Resource Recovery Series R)
This Bond has not been registered under the Securities Act of 1933, as
amended, and may not offered or sold in contravention of said Act and is not
transferable except to a successor Trustee under the Indenture of Trust dated as
of September 1, 1999, as amended from the County of Anoka, Minnesota (the
"County"), to Firstar Bank, N.A., as Trustee.
NORTHERN STATES POWER COMPANY
(Incorporated under the laws of the State of Minnesota)
First Mortgage Bond
Resource Recovery Series R
No. _______________ $________________
Northern States Power Company, a corporation organized and existing
under and by virtue of the laws of the State of Minnesota (herein called the
"Company"), for value received, hereby promises to pay to Firstar Bank, N.A.,
St. Paul, Minnesota, as Trustee under the Indenture of Trust dated as of
September 1, 1999, as supplemented by First Supplemental Indenture dated as of
June 1, 2000 (as supplemented, the "Resource Recovery Indenture") from the
County of Anoka, Minnesota, to Firstar Bank, N.A., St. Paul, Minnesota, or any
successor trustee under the Resource Recovery Indenture (the "Resource Recovery
Trustee") and at the office of Harris Trust and Savings Bank, Chicago, Illinois
(the "Trustee") the sum of Nineteen Million Six Hundred Fifteen Thousand Dollars
in lawful money of the United States of America on the Demand Redemption Date,
as hereinafter defined, and to pay on the Demand Redemption Date to the Resource
Recovery Trustee, interest hereon from the Initial Interest Accrual Date, as
hereinafter defined, to the Demand Redemption Date at the same rate or rates per
annum then and thereafter from time to time borne by the Resource Recovery
Refunding Revenue Bonds (Northern States Power Company Project), Series 1999
(the "Resource Recovery Bonds"), in like money, said interest being payable at
the office of the Trustee in Chicago, Illinois, subject to the provisions
hereinafter set forth in the event of a rescission of a Redemption Demand, as
hereinafter defined.
This bond is one of a duly authorized issue of bonds of the Company,
known as its First Mortgage Bonds, unlimited in aggregate principal amount,
which issue of bonds consists, or may consist of several series of varying
denominations, dates and tenors, all issued and to be issued under and equally
secured (except in so far as a sinking fund, or similar fund, established in
accordance with the provisions of the Indenture may afford additional security
for the bonds of any specific series) by a Trust Indenture dated February 1,
1937 (the "1937 Indenture"), as supplemented by 47 supplemental trust indentures
(the "Supplemental Indentures"), a Supplemental and Restated Trust Indenture
dated May 1, 1988 (the "Restated Indenture") and a new supplemental trust
indenture for the bonds of this series (the "New Supplemental
4
Indenture"), executed by the Company to the Trustee. The 1937 Indenture, as
supplemented by the Supplemental Indentures, the Restated Indenture and the
New Supplemental Indenture, is referred to as the "Indenture". Reference is
hereby made to the Indenture for a description of the property mortgaged and
pledged, the nature and extent of the security, the rights of the holders of
the bonds as to such security, and the terms and conditions upon which the
bonds may be issued under the Indenture and are secured. The principal hereof
may be declared or may become due on the conditions, in the manner and at the
time set forth in the Indenture, upon the happening of a default as in the
Indenture provided.
With the consent of the Company and to the extent permitted by and as
provided in the Indenture, the rights and obligations of the Company and/or the
holders of the bonds, and/or the terms and provisions of the Indenture and/or of
any instruments supplemental thereto may be modified or altered by affirmative
vote of the holders of at least 80% in principal amount of the bonds then
outstanding under the Indenture and any instruments supplemental thereto
(excluding bonds disqualified from voting by reason of the Company's interest
therein as provided in the Indenture); provided that without the consent of all
holders of all bonds affected no such modification or alteration shall permit
the extension of the maturity of the principal of any bond or the reduction in
the rate of interest thereon or any other modification in the terms of payment
of such principal or interest. The foregoing 80% requirement will be reduced to
66-2/3% when all bonds of each series issued under the Indenture prior to May 1,
1985, shall have been retired or all the holders thereof shall have consented to
such reduction.
The Restated Indenture amends and restates the 1937 Indenture and the
Supplemental Indentures. The Restated Indenture will become effective and
operative (the "Effective Date") when all Bonds of each series issued under the
Indenture prior to May 1, 1988 shall have been retired through payment or
redemption (including those bonds "deemed to be paid" within the meaning of that
term as used in Article XVII of the 1937 Indenture) or until, subject to certain
exceptions, the holders of the requisite principal amount of such bonds shall
have consented to the amendments contained in the Restated Indenture. Holders of
the bonds of this series and of each subsequent series of bonds issued under the
Indenture likewise will be bound by the amendments contained in the Restated
Indenture when they become effective and operative. Reference is made to the
Restated Indenture for a complete description of the amendments contained
therein to the 1937 Indenture and to the Supplemental Indentures.
This bond is one of a series of bonds of the Company issued under the
Indenture and designated as First Mortgage Bonds, Resource Recovery Series R.
The bonds of this Series have been issued to the Resource Recovery Trustee under
the Resource Recovery Indenture to secure payment of the Resource Recovery Bonds
issued by the County under the Resource Recovery Indenture, the proceeds of
which have been or are to be loaned to the Company pursuant to the provisions of
the Loan Agreement dated as of September 1, 1999, as amended by First Amendment
to Loan Agreement dated as of June 1, 2000 (as amended, the "Agreement") between
the Company and the County. The maturity of the obligation represented by the
bonds of this Series is December 1, 2000 - December 1, 2008. The date of the
last maturity of the obligation represented by the bonds of this Series is
hereinafter referred to as the Final Maturity Date. The bonds of this Series
shall bear interest from the Initial Interest Accrual Date, as hereinafter
defined, at the same rate or rates per annum then and thereafter from time to
time
5
borne by the Resource Recovery Bonds.
Except as provided in the next succeeding paragraph, in the event of a
default under Section 9.01 of the Agreement or in the event of a default in the
payment of the principal of, premium, if any, or interest (and such default in
the payment of interest continues for the full grace period, if any, permitted
by the Resource Recovery Indenture and the Resource Recovery Bonds) on the
Resource Recovery Bonds, whether at maturity, by acceleration, by sinking fund,
redemption or otherwise, as and when the same becomes due, the bonds of this
Series shall be redeemable in whole upon receipt by the Trustee of a written
demand (hereinafter called a "Redemption Demand") from the Resource Recovery
Trustee stating that there has been such a default, stating that it is acting
pursuant to the authorization granted by Section 8.02 of the Resource Recovery
Indenture, specifying the last date to which interest on the Resource Recovery
Bonds has been paid (such date being hereinafter referred to as the "Initial
Interest Accrual Date") and demanding redemption of the bonds of this Series.
The Trustee shall, within 10 days after receiving such Redemption Demand, mail a
copy thereof to the Company marked to indicate the date of its receipt by the
Trustee. Promptly upon receipt by the Company of such copy of a Redemption
Demand, the Company shall fix a date on which it will redeem the bonds of this
Series so demanded to be redeemed (hereinafter called the "Demand Redemption
Date"). Notice of the date fixed as and for the Demand Redemption Date shall be
mailed by the Company to the Trustee at least 30 days prior to such Demand
Redemption Date. The date to be fixed by the Company as and for the Demand
Redemption Date may be any date up to and including the earlier of (i) the 120th
day after receipt by the Trustee of the Redemption Demand or (ii) the Final
Maturity Date, PROVIDED that if the Trustee shall not have received such notice
fixing the Demand Redemption Date within 90 days after receipt by it of the
Redemption Demand, the Demand Redemption Date shall be deemed to be the earlier
of (i) the 120th day after receipt by the Trustee of the Redemption Demand or
(ii) the Final Maturity Date. The Trustee shall mail notice of the Demand
Redemption Date (such notice being hereafter called the "Demand Redemption
Notice") to the Resource Recovery Trustee not more than 10 nor less than five
days prior to the Demand Redemption Date. Notwithstanding the foregoing, if a
default to which this paragraph is applicable is existing on the Final Maturity
Date, such date shall be deemed to be the Demand Redemption Date without further
action (including actions specified in this paragraph) by the Resource Recovery
Trustee, the Trustee or the Company. The bonds of this Series shall be redeemed
by the Company on the Demand Redemption Date, upon surrender thereof by the
Resource Recovery Trustee to the Trustee, at a redemption price equal to the
principal amount thereof plus accrued interest thereon at the rate per annum set
forth in the first paragraph of this Bond, from the Initial Interest Accrual
Date to the Demand Redemption Date. If a Redemption Demand is rescinded by the
Resource Recovery Trustee by written notice to the Trustee prior to the Demand
Redemption Date, no Demand Redemption Notice shall be given, or, if already
given, shall be automatically annulled, and interest on the bonds of this Series
shall cease to accrue, all interest accrued thereon shall be automatically
rescinded and cancelled and the Company shall not be obligated to make any
payments of principal of or interest on the bonds of this Series; but no such
rescission shall extend to or affect any subsequent default or impair any right
consequent thereon.
In the event that all of the bonds outstanding under the Indenture
shall have become
6
immediately due and payable, whether by declaration or otherwise, and such
acceleration shall not have been annulled, the bonds of this Series shall
bear interest at the rate per annum set forth in the first paragraph of this
Bond, from the Initial Interest Accrual Date, as specified in a written
notice to the Trustee from the Resource Recovery Trustee, and the principal
of and interest on the bonds of this Series from the Initial Interest Accrual
Date shall be payable in accordance with the provisions of the Indenture.
Upon payment of the principal of and premium, if any, and interest on
the Resource Recovery Bonds, whether at maturity or prior to maturity by
redemption or otherwise, and the surrender thereof to and cancellation thereof
by the Resource Recovery Trustee (other than any Resource Recovery Revenue Bond
that was cancelled by the Resource Recovery Trustee and for which one or more
other Resource Recovery Bonds were delivered and authenticated pursuant to the
Resource Recovery Indenture in lieu of or in exchange or substitution for such
cancelled Resource Recovery Revenue Bond), or upon provision for the payment
thereof having been made in accordance with the Resource Recovery Indenture,
bonds of this Series in a principal amount equal to the principal amount of the
Resource Recovery Bonds so surrendered and cancelled or for the provision for
which payment has been made shall be deemed fully paid and the obligations of
the Company thereunder shall be terminated, and such bonds of this Series shall
be surrendered by the Resource Recovery Trustee to the Trustee and shall be
cancelled by the Trustee.
No recourse shall be had for the payment of, or interest, if any, on
this bond, or any part thereof, or of any claim based hereon or in respect
hereof or of the Indenture, against any incorporator, or any past, present or
future stockholder, officer or director of the Company or of any predecessor or
successor corporation, either directly or through the Company, or through any
such predecessor or successor corporation, or through any receiver or a trustee
in bankruptcy, whether by virtue of any constitution, statute or rule of law or
by the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue
hereof, expressly waived and released, as more fully provided in the Indenture.
The bond shall not be valid or become obligatory for any purpose unless
and until the certificate of authentication hereon shall have been signed by or
on behalf of Harris Trust and Savings Bank, as Trustee under the Indenture, or
its successor thereunder.
IN WITNESS WHEREOF, NORTHERN STATES POWER COMPANY has caused this
instrument to be signed in its name by its President or a Vice President, and
its corporate seal, or a facsimile thereof, to be hereto affixed and attested by
its Secretary or an Assistant Secretary.
Dated: NORTHERN STATES POWER COMPANY
--------------------------------
Attest: By:
----------------------- ------------------------------
Secretary President
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(Form of Trustee's Certificate)
This bond is one of the bonds of the Series designated thereon,
described in the within-mentioned Indenture.
HARRIS TRUST AND SAVINGS BANK,
As Trustee,
By
---------------------------
Authorized Officer
and
WHEREAS, the Company is desirous of conveying, assigning, transferring,
mortgaging, pledging, setting over, and confirming to the Trustee and to its
respective successors in trust, additional property acquired by it subsequent to
the date of the preparation of the Supplemental Trust Indenture dated May 1,
1999; and
WHEREAS, the Indenture provides in substance that the Company and the
Trustee may enter into indentures supplemental thereto for the purposes, among
others, of creating and setting forth the particulars of any new series of bonds
and of providing the terms and conditions of the issue of the bonds of any
series not expressly provided for in the Indenture and of conveying, assigning,
transferring, mortgaging, pledging, setting over and confirming to the Trustee
additional property of the Company, and for any other purpose not inconsistent
with the terms of the Indenture; and
WHEREAS, the execution and delivery of this Supplemental Trust
Indenture have been duly authorized by a resolution adopted by the Board of
Directors of the Company;
WHEREAS, the Trustee has duly determined to execute this Supplemental
Trust Indenture and to be bound, insofar as it may lawfully do so, by the
provisions hereof;
NOW, THEREFORE, Northern States Power Company, in consideration of the
premises and of one dollar duly paid to it by the Trustee at or before the
ensealing and delivery of these presents, the receipt of which is hereby
acknowledged, and other good and valuable considerations, does hereby covenant
and agree to and with Harris Trust and Savings Bank, as Trustee, and its
successors in the trust under the Indenture for the benefit of those who hold or
shall hold the bonds, or any of them, issued or to be issued thereunder, as
follows:
ARTICLE I.
SPECIFIC SUBJECTION OF ADDITIONAL PROPERTY TO
THE LIEN OF THE ORIGINAL INDENTURE
1.01. The Company, in order to better secure the payment of both the
principal and interest of all bonds of the Company at any time outstanding under
the Indenture according to their tenor and effect and the performance of and
compliance with the covenants and conditions
8
contained in the Indenture, has granted, bargained, sold, warranted,
released, conveyed, assigned, transferred, mortgaged, pledged, set over, and
confirmed and by these presents does grant, bargain, sell, warrant, release,
convey, assign, transfer, mortgage, pledge, set over, and confirm to the
Trustee and to its respective successors in said trust forever, subject to
the rights reserved by the Company in and by the provisions of the Indenture,
all of the property described and mentioned or enumerated in a schedule
annexed hereto and marked Schedule A, reference to said schedule being made
hereby with the same force and effect as if the same were incorporated herein
at length; together with all and singular the tenements, hereditaments, and
appurtenances belonging and in any way appertaining to the aforesaid property
or any part thereof with the reversion and reversions, remainder and
remainders, tolls, rents and revenues, issues, income, products, and profits
thereof.
Also, in order to subject the personal property and chattels of the
Company to the lien of the Indenture and to conform with the provisions of the
Uniform Commercial Code, all fossil, nuclear, hydro, and other electric
generating plants, including buildings and other structures, turbines,
generators, exciters, boilers, reactors, nuclear fuel, other boiler plant
equipment, condensing equipment and all other generating equipment; substations;
electric transmission and distribution systems, including structures, poles,
towers, fixtures, conduits, insulators, wires, cables, transformers, services
and meters; steam heating mains and equipment; gas transmission and distribution
systems, including structures, storage facilities, mains, compressor stations,
purifier stations, pressure holders, governors, services, and meters; telephone
plant and related distribution systems; trucks and trailers; office, shop, and
other buildings and structures, furniture and equipment; apparatus and equipment
of all other kinds and descriptions; materials and supplies; all municipal and
other franchises, leaseholds, licenses, permits, privileges, patents and patent
rights; all shares of stock, bonds, evidences of indebtedness, contracts,
claims, accounts receivable, choses in action and other intangibles, all books
of account and other corporate records;
Excluding, however, all merchandise and appliances heretofore or
hereafter acquired for the purpose of sale to customers and others;
All the estate, right, title, interest, and claim, whatsoever, at law
as well as in equity which the Company now has or hereafter may acquire in and
to the aforesaid property and every part and parcel thereof subject, however, to
the right of the Company, until the happening of a completed default as defined
in Section 1 of Article XIII of the Original Indenture prior to the Effective
Date and upon the occurrence and continuation of a Completed Default as defined
in the Indenture on and after the Effective Date, to retain in its possession
all shares of stock, notes, evidences of indebtedness, other securities and cash
not expressly required by the provisions hereof to be deposited with the
Trustee, to retain in its possession all contracts, bills and accounts
receivable, motor cars, any stock of goods, wares and merchandise, equipment or
supplies acquired for the purpose of consumption in the operation, construction,
or repair of any of the properties of the Company, and to sell, exchange,
pledge, hypothecate, or otherwise dispose of any or all of such property so
retained in its possession free from the lien of the Indenture, without
permission or hindrance on the part of the Trustee, or any of the bondholders.
No person in any dealings with the Company in respect of any such property shall
be charged with any notice or knowledge of any such completed default (prior to
the Effective Date) or Completed
9
Default (after the Effective Date) under the Indenture while the Company is
in possession of such property. Nothing contained herein or in the Indenture
shall be deemed or construed to require the deposit with, or delivery to, the
Trustee of any of such property, except such as is specifically required to
be deposited with the Trustee by some express provision of the Indenture;
To have and to hold all said property, real, personal, and mixed,
granted, bargained, sold, warranted, released, conveyed, assigned, transferred,
mortgaged, pledged, set over, or confirmed by the Company as aforesaid, or
intended so to be, to the Trustee and its successors and assigns forever,
subject, however, to permitted liens as defined in Section 5 of Article I of the
1937 Indenture prior to the Effective Date and to Permitted Encumbrances on and
after the Effective Date and to the further reservations, covenants, conditions,
uses, and trusts set forth in the Indenture; in trust nevertheless for the same
purposes and upon the same conditions as are set forth in the Indenture.
ARTICLE II.
PROVISIONS OF BONDS OF RESOURCE RECOVERY SERIES R
2.01. There is hereby created, for issuance under the Indenture, a
series of bonds designated Resource Recovery Series R, each of which shall bear
the descriptive title "First Mortgage Bonds, Resource Recovery Series R" and the
form thereof shall contain suitable provisions with respect to the matters
specified in this section. The Bonds of Resource Recovery Series R shall be
printed, lithographed or typewritten and shall be substantially of the tenor and
purport previously recited. The Bonds of Resource Recovery Series R shall be
issued as registered bonds without coupons in denominations of a multiple of
$5,000 and shall be registered in the name of the Resource Recovery Trustee. The
Bonds of Resource Recovery Series R shall be dated as of the date of their
authentication.
The Bonds of Resource Recovery Series R shall be payable, both as to
principal and interest, at the office of the Trustee in Chicago, Illinois, in
lawful money of the United States of America. The maturities of the obligations
represented by the Bonds of Resource Recovery Series R are December 1, 2000 -
December 1, 2008. The date of the last maturity of the obligation represented by
the Bonds of Resource Recovery Series R is hereinafter referred to as the Final
Maturity Date. The Bonds of Resource Recovery Series R shall bear interest from
the Initial Interest Accrual Date, as hereinafter defined, at the same rate or
rates then and thereafter from time to time borne by the Resource Recovery
Bonds.
2.02. Except as provided in the next succeeding paragraph of this
Section 2.02, in the event of a default under Section 9.01 of the Agreement or
in the event of a default in the payment of the principal of, premium, if any,
or interest (and such default in the payment of interest continues for the full
grace period, if any, permitted by the Resource Recovery Indenture and the
Resource Recovery Bonds) on the Resource Recovery Bonds, whether at maturity, by
acceleration, by sinking fund, redemption or otherwise, as and when the same
becomes due, the Bonds of Resource Recovery Series R shall be redeemable in
whole upon receipt by the Trustee of a written demand (hereinafter called a
"Redemption Demand") from the Resource Recovery
10
Trustee stating that there has been such a default, stating that it is acting
pursuant to the authorization granted by Section 8.02 of the Resource
Recovery Indenture, specifying the last date to which interest on the
Resource Recovery Bonds has been paid (such date being hereinafter referred
to as the "Initial Interest Accrual Date") and demanding redemption of the
Bonds of Resource Recovery Series R. The Trustee shall, within 10 days after
receiving such Redemption Demand, mail a copy thereof to the Company marked
to indicate the date of its receipt by the Trustee. Promptly upon receipt by
the Company of such copy of a Redemption Demand, the Company shall fix a date
on which it will redeem the Bonds of Resource Recovery Series R so demanded
to be redeemed (hereinafter called the "Demand Redemption Date"). Notice of
the date fixed as the Demand Redemption Date shall be mailed by the Company
to the Trustee at least 30 days prior to such Demand Redemption Date. The
date to be fixed by the Company as and for the Demand Redemption Date may be
any date up to and including the earlier of (i) the 120th day after receipt
by the Trustee of the Redemption Demand or (ii) the Final Maturity Date;
provided that if the Trustee shall not have received such notice fixing the
Demand Redemption Date within 90 days after receipt by it of the Redemption
Demand, the Demand Redemption Date shall be deemed to be the earlier of (i)
the 120th (day after receipt by the Trustee of the Redemption Demand or (ii)
the Final Maturity Date. The Trustee shall mail notice of the Demand
Redemption Date (such notice being hereinafter called the "Demand Redemption
Notice") to the Resource Recovery Trustee not more than 10 nor less than five
days prior to the Demand Redemption Date. Notwithstanding the foregoing, if a
default to which this paragraph is applicable is existing on the Final
Maturity Date, such date shall be deemed to be the Demand Redemption Date
without further action (including actions specified in this paragraph) by the
Resource Recovery Trustee, the Trustee or the Company. The Bonds of Resource
Recovery Series R shall be redeemed by the Company on the Demand Redemption
Date, upon surrender thereof by the Resource Recovery Trustee to the Trustee,
at a redemption price equal to the principal amount thereof, plus accrued
interest thereon at the rate per annum set forth in Section 2.01 hereof, from
the Initial Interest Accrual Date to the Demand Redemption Date. If a
Redemption Demand is rescinded by the Resource Recovery Trustee by written
notice to the Trustee prior to the Demand Redemption Date, no Demand
Redemption Notice shall be given, or, if already given, shall be
automatically annulled, and interest on the Bonds of Resource Recovery Series
R shall cease to accrue, all interest accrued thereon shall be automatically
rescinded and cancelled and the Company shall not be obligated to make any
payments of principal of or interest on the Bonds of Resource Recovery Series
R; but no such rescission shall extend to or affect any subsequent default or
impair any right consequent thereon.
In the event that all of the bonds outstanding under the Indenture
shall have become immediately due and payable, whether by declaration or
otherwise, and such acceleration shall not have been annulled, the Bonds of
Resource Recovery Series R shall bear interest at the rate per annum set forth
in Section 2.01 hereof, from the Initial Interest Accrual Date, as specified in
a written notice to the Trustee from the Resource Recovery Trustee, and the
principal of and interest on the Bonds of Resource Recovery Series R from the
Initial Interest Accrual Date shall be payable in accordance with the provisions
of the Indenture.
Anything herein contained to the contrary notwithstanding, the Trustee
is not authorized
11
to take any action pursuant to a Redemption Demand or a rescission thereof or
a written notice required by this Section 2.02, and such Redemption Demand,
rescission or notice shall be of no force or effect, unless it is executed in
the name of the Resource Recovery Trustee by one of its Vice Presidents.
2.03. Upon payment of the principal of and premium, if any, and
interest on the Resource Recovery Bonds, whether at maturity or prior to
maturity by redemption or otherwise, and the surrender thereof to and
cancellation thereof by the Resource Recovery Trustee (other than any Resource
Recovery Bond that was cancelled by the Resource Recovery Trustee and for which
one or more other Resource Recovery Bonds were delivered and authenticated
pursuant to the Resource Recovery Indenture), or upon provision for the payment
thereof having been made in accordance with the Resource Recovery Indenture,
Bonds of Resource Recovery Series R in a principal amount equal to the principal
amount of the Resource Recovery Bonds so surrendered and cancelled or for the
provision for which payment has been made shall be deemed fully paid and the
obligations of the Company thereunder shall be terminated, and such Bonds of
Resource Recovery Series R shall be surrendered by the Resource Recovery Trustee
to the Trustee and shall be cancelled and destroyed by the Trustee, and a
certificate of such cancellation and destruction shall be delivered to the
Company.
2.04. The Resource Recovery Trustee, at its option may surrender the
same at the office of the Trustee, in Chicago, Illinois, or elsewhere, if
authorized by the Company, for cancellation, in exchange for other bonds of the
same series of the same aggregate principal amount. Thereupon, and upon receipt
of any payment required under the provisions of Section 2.05 hereof, the Company
shall execute and deliver to the Trustee and the Trustee shall authenticate and
deliver such other registered bonds to such registered holder at its office or
at any other place specified as aforesaid.
2.05. No charge shall be made by the Company for any exchange or
transfer of Bonds of Resource Recovery Series R, other than for taxes or other
governmental charges, if any, that may be imposed in relation thereto.
ARTICLE III.
FINANCING STATEMENT TO COMPLY WITH THE UNIFORM COMMERCIAL CODE
3.01. The name and address of the debtor and secured party are set
forth below:
Debtor: Northern States Power Company
414 Nicollet Mall
Minneapolis, Minnesota 55401
Secured Party: Harris Trust and Savings Bank, Trustee
c/o Bank of New York
2 North LaSalle Street, Suite 1020
Chicago, Illinois 60602
12
NOTE: Northern States Power Company, the debtor above named, is "a transmitting
utility" under the Uniform Commercial Code as adopted in Minnesota, North Dakota
and South Dakota.
3.02. Reference to Article I hereof is made for a description of the
property of the debtor covered by this Financing Statement with the same force
and effect as if incorporated in this Section at length.
3.03. The maturity dates and respective principal amounts of
obligations of the debtor secured and presently to be secured by the Indenture,
reference to all of which for the terms and conditions thereof is hereby made
with the same force and effect as if incorporated herein at length, are as
follows:
FIRST MORTGAGE BONDS PRINCIPAL AMOUNT
- -------------------- ----------------
Series due October 1, 2001....................... $150,000,000
Series due December 1, 2000...................... $100,000,000
Series due April 1, 2003......................... $80,000,000
Series due December 1, 2005...................... $70,000,000
Pollution Control Series J....................... $5,450,000
Pollution Control Series K....................... $3,400,000
Pollution Control Series L....................... $4,850,000
Series due July 1, 2025.......................... $250,000,000
Pollution Control Series N....................... $27,900,000
Pollution Control Series O....................... $50,000,000
Pollution Control Series P....................... $50,000,000
Resource Recovery Series Q....................... $15,170,000
Resource Recovery Series R....................... $19,615,000
Series due Mach 1, 2003.......................... $100,000,000
Series due March 1, 2028......................... $150,000,000
3.04. This Financing Statement is hereby adopted for all of the First
Mortgage Bonds of the Series mentioned above secured by said Indenture.
3.05. The 1937 Indenture and the prior Supplemental Trust Indentures,
as set forth below, have been filed or recorded in each and every office in the
States of Minnesota, North Dakota, and South Dakota designated by law for the
filing or recording thereof in respect of all property of the Company subject
thereto:
Original Indenture
Dated February 1, 1937
Supplemental Indenture
Dated June 1, 1942
Supplemental Indenture
Dated February 1, 1944
Supplemental Indenture
Dated October 1, 1945
Supplemental Indenture
Dated July 1, 1948
Supplemental Indenture
Dated August 1, 1949
Supplemental Indenture
Dated June 1, 1952
Supplemental Indenture
Dated October 1, 1954
13
Supplemental Indenture
Dated September 1, 1956
Supplemental Indenture
Dated August 1, 1957
Supplemental Indenture
Dated July 1, 1958
Supplemental Indenture
Dated December 1, 1960
Supplemental Indenture
Dated August 1, 1961
Supplemental Indenture
Dated June 1, 1962
Supplemental Indenture
Dated September 1, 1963
Supplemental Indenture
Dated August 1, 1966
Supplemental Indenture
Dated June 1, 1967
Supplemental Indenture
Dated October 1, 1967
Supplemental Indenture
Dated May 1, 1968
Supplemental Indenture
Dated October 1, 1969
Supplemental Indenture
Dated February 1, 1971
Supplemental Indenture
Dated May 1, 1971
Supplemental Indenture
Dated February 1, 1972
Supplemental Indenture
Dated January 1, 1973
Supplemental Indenture
Dated January 1, 1974
Supplemental Indenture
Dated September 1, 1974
Supplemental Indenture
Dated April 1, 1975
Supplemental Indenture
Dated May 1, 1975
Supplemental Indenture
Dated March 1, 1976
Supplemental Indenture
Dated June 1, 1981
Supplemental Indenture
Dated December 1, 1981
Supplemental Indenture
Dated May 1, 1983
Supplemental Indenture
Dated December 1, 1983
Supplemental Indenture
Dated September 1, 1984
Supplemental Indenture
Dated December 1, 1984
Supplemental Indenture
Dated May 1, 1985
Supplemental Indenture
Dated September 1, 1985
Supplemental Indenture
Dated May 1, 1988
Supplemental Indenture
Dated July 1, 1989
Supplemental Indenture
Dated June 1, 1990
Supplemental Indenture
Dated October 1, 1992
Supplemental Indenture
Dated April 1, 1993
Supplemental Indenture
Dated December 1, 1993
Supplemental Indenture
Dated February 1, 1994
14
Supplemental Indenture
Dated October 1, 1994
Supplemental Indenture
Dated June 1, 1995
Supplemental Indenture
Dated April 1, 1997
Supplemental Indenture
Dated March 1, 1998
Supplemental Indenture
Dated May 1, 1999
3.06. The property covered by this Financing Statement also shall
secure additional series of First Mortgage Bonds of the debtor which may be
issued from time to time in the future in accordance with the provisions of the
Indenture.
ARTICLE IV.
AMENDMENTS TO INDENTURE
4.01. Each holder or registered owner of a bond of any series
originally authenticated by the Trustee and originally issued by the Company
subsequent to May 1, 1985 and of any coupon pertaining to any such bond, by the
acquisition, holding or ownership of such bond and coupon, thereby consents and
agrees to, and shall be bound by, the provisions of Article VI of the
Supplemental Trust Indenture dated May 1, 1985. Each holder or registered owner
of a bond of any series (including Bonds of Resource Recovery Series R),
originally authenticated by the Trustee and originally issued by the Company
subsequent to May 1, 1988 and of any coupon pertaining to such bond, by the
acquisition, holding or ownership of such bond and coupon, thereby consents and
agrees to, and shall be bound by, the provisions of the Supplemental and
Restated Trust Indenture dated May 1, 1988 upon the Effective Date.
ARTICLE V.
MISCELLANEOUS
5.01. The recitals of fact herein, except the recital that the Trustee
has duly determined to execute this Supplemental Trust Indenture and be bound,
insofar as it may lawfully so do, by the provisions hereof and in the bonds
shall be taken as statements of the Company and shall not be construed as made
by the Trustee. The Trustee makes no representations as to the value of any of
the property subject to the lien of the Indenture, or any part thereof, or as to
the title of the Company thereto, or as to the security afforded thereby and
hereby, or as to the validity of this Supplemental Trust Indenture or of the
bonds issued under the Indenture by virtue hereof (except the Trustee's
certificate) and the Trustee shall incur no responsibility in respect of such
matters.
5.02. This Supplemental Trust Indenture shall be construed in
connection with and as a part of the 1937 Indenture, as supplemented by the
Supplemental Trust Indentures dated June 1, 1942, February 1, 1944, October 1,
1945, July 1, 1948, August 1, 1949, June 1, 1952, October 1, 1954, September 1,
1956, August 1, 1957, July 1, 1958, December 1, 1960, August 1, 1961, June
15
1, 1962, September 1, 1963, August 1, 1966, June 1, 1967, October 1, 1967,
May 1, 1968, October 1, 1969, February 1, 1971, May 1, 1971, February 1,
1972, January 1, 1973, January 1, 1974, September 1, 1974, April 1, 1975, May
1, 1975, March 1, 1976, June 1, 1981, December 1, 1981, May 1, 1983, December
1, 1983, September 1, 1984, December 1, 1984, May 1, 1985, September 1, 1985,
the Supplemental and Restated Trust Indenture dated May 1, 1988 and the
Supplemental Trust Indentures dated July 1, 1989, June 1, 1990, October 1,
1992, April 1, 1993, December 1, 1993, February 1, 1994, October 1, 1994,
June 1, 1995, April 1, 1997, March 1, 1998 and May 1, 1999.
5.03. (a) If any provision of this Supplemental Trust Indenture limits,
qualifies or conflicts with another provision of the Indenture required to be
included in indentures qualified under the Trust Indenture Act of 1939, as
amended (as enacted prior to the date of this Supplemental Trust Indenture) by
any of the provisions of Sections 310 to 317, inclusive, of the said Act, such
required provision shall control.
(a) In case any one or more of the provisions contained in
this Supplemental Indenture or in the bonds issued hereunder shall be invalid,
illegal, or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions contained herein and therein shall
not in any way be affected, impaired, prejudiced or disturbed thereby.
5.04. Wherever in this Supplemental Trust Indenture the word
"Indenture" is used without either prefix, "1937", "Original" or "Supplemental",
such word was used intentionally to include in its meaning both the 1937
Indenture and all indentures supplemental thereto.
5.05. Wherever in this Supplemental Trust Indenture either of the
parties hereto is named or referred to, this shall be deemed to include the
successors or assigns of such party, and all the covenants and agreements in
this Supplemental Trust Indenture contained by or on behalf of the Company or by
or on behalf of the Trustee shall bind and inure to the benefit of the
respective successors and assigns of such parties, whether so expressed or not.
5.06. (a) This Supplemental Trust Indenture may be simultaneously
executed in several counterparts, and all said counterparts executed and
delivered, each as an original, shall constitute but one and the same
instrument.
(b) The Table of Contents and the descriptive headings of the
several Articles of this Supplemental Trust Indenture were formulated, used and
inserted in this Supplemental Trust Indenture for convenience only and shall not
be deemed to affect the meaning or construction of any of the provisions hereof.
The amount of obligations to be issued forthwith under the Indenture is
$19,615,000.
-----------------
16
(This page intentionally left blank.)
17
IN WITNESS WHEREOF, on this 28 day of June, A.D. 2000, NORTHERN STATES
POWER COMPANY, a Minnesota corporation, party of the first part, has caused its
corporate name and seal to be hereunto affixed and this Supplemental Trust
Indenture dated June 1, 2000, to be signed by its President or a Vice President,
and attested by its Secretary or an Assistant Secretary, for and in its behalf,
and HARRIS TRUST AND SAVINGS BANK, an Illinois corporation, as Trustee, party of
the second part, to evidence its acceptance of the trust hereby created, has
caused its corporate name and seal to be hereunto affixed, and this Supplemental
Trust Indenture dated June 1, 2000, to be signed by its President, a Vice
President, or an Assistant Vice President, and attested by its Secretary or an
Assistant Secretary, for and in its behalf.
NORTHERN STATES POWER COMPANY
By: PAUL E. PENDER, Vice President
Attest: (CORPORATE SEAL)
JOHN P. MOORE, JR, Secretary
Executed by Northern States
Power Company in the presence of:
MICHELE PLETCHER, WITNESS
DEAN SCHAFER, WITNESS
HARRIS TRUST AND SAVINGS BANK,
as Trustee
BY: J. BARTOLINI, VICE PRESIDENT
Attest: (CORPORATE SEAL)
C. POTTER, ASSISTANT SECRETARY
Executed by Harris Trust and Savings
Bank in the presence of:
/S/ _________________, WITNESS
/S/_________________, WITNESS
18
STATE OF MINNESOTA )
) ss.:
COUNTY OF HENNEPIN )
On this 28 day of June A.D. 2000, before me, JOYCE GASCA, a Notary
Public in and for said County in the State aforesaid, personally appeared PAUL
E. PENDER and John P. Moore, Jr., to me personally known, and to me known to be
the Vice President and Secretary, respectively, of Northern States Power
Company, one of the corporations described in and which executed the within and
foregoing instrument, and who, being by me severally duly sworn, each for
himself, did say that he, the said PAUL E. PENDER is a Vice President, and he,
said JOHN P. MOORE, JR. is the Secretary, of said Northern States Power Company,
a corporation; that the seal affixed to the within and foregoing instrument is
the corporate seal of said corporation, and that said instrument was executed on
behalf of said corporation by authority of its stockholders and board of
directors; and said PAUL E. PENDER and JOHN P. MOORE, JR. each acknowledged said
instrument to be the free act and deed of said corporation and that such
corporation executed the same.
WITNESS my hand and notarial seal, this 28 day of June, A.D. 2000.
JOYCE GASCA
NOTARY PUBLIC IN HENNEPIN COUNTY, MINNESOTA.
MY COMMISSION EXPIRES January 31, 2005
(NOTARY SEAL)
STATE OF MINNESOTA )
) ss.:
COUNTY OF HENNEPIN )
PAUL E. PENDER and JOHN P. MOORE, JR., being severally duly sworn, each
deposes and says that he, the said PAUL E. PENDER is Vice President, and he, the
said JOHN P. MOORE, JR. is Secretary, of Northern States Power Company, the
corporation described in and which executed the within and foregoing
Supplemental Trust Indenture, as mortgagor; and each for himself further says
that said Supplemental Trust Indenture was executed in good faith, and not for
the purpose of hindering, delaying, or defrauding any creditor of the said
mortgagor.
PAUL E. PENDER
JOHN P. MOORE, JR.
Subscribed and sworn to before me this 28 day of June, A.D. 2000.
JOYCE GASCA
NOTARY PUBLIC, HENNEPIN COUNTY, MINN.
MY COMMISSION EXPIRES JANUARY 31, 2005
(NOTARY SEAL)
19
STATE OF ILLINOIS )
)ss.:
COUNTY OF COOK )
On this 28 day of June, A.D. 2000, before me, LINDA ELLEN GARCIA, a
Notary Public in and for said County in the State aforesaid, personally appeared
J. BARTOLINI and C. POTTER to me personally known, and to me known to be the
Vice President and Assistant Secretary, respectively, of Harris Trust and
Savings Bank, one of the corporations described in and which executed the within
and foregoing instrument, and who, being by me severally duly sworn, each, did
say that she, the said J. BARTOLINI is a Vice President, and she, the said C.
POTTER, is the Assistant Secretary, of said Harris Trust and Savings Bank, a
corporation; that the seal affixed to the within and foregoing instrument is the
corporate seal of said corporation, and that said instrument was executed on
behalf of said corporation by authority of its board of directors; and said J.
BARTOLINI and C. POTTER each acknowledged said instrument to be the free act and
deed of said corporation and that such corporation executed the same.
WITNESS my hand and notarial seal, this 28 day of June, A.D. 2000.
LINDA ELLEN GARCIA
NOTARY PUBLIC, COOK COUNTRY, ILLINOIS.
MY COMMISSION EXPIRES SEPTEMBER 23, 2002.
(NOTARY SEAL)
STATE OF ILLINOIS )
)ss.:
COUNTY OF COOK )
J. BARTOLINI and C. POTTER, being severally duly sworn, each for
himself deposes and says that she, the said J. BARTOLINI, is Vice President, and
he, the said C. POTTER, is Assistant Secretary, of Harris Trust and Savings
Bank, the corporation described in and which executed the within and foregoing
Supplemental Trust Indenture, as mortgagee; and each for himself further says
that said Supplemental Trust Indenture was executed in good faith, and not for
the purpose of hindering, delaying, or defrauding any creditor of the mortgagor.
J. BARTOLINI C. POTTER
Subscribed and sworn to before me this 28 day of June, A.D. 2000.
LINDA ELLEN GARCIA
NOTARY PUBLIC, COOK COUNTY, ILLINOIS.
MY COMMISSION EXPIRES SEPTEMBER 23, 2002
(NOTARY SEAL)
20
SCHEDULE A
The property referred to in Article I of the foregoing Supplemental
Trust Indenture from Northern States Power Company to Harris Trust and Savings
Bank, Trustee, made as of June 1, 2000, includes the following property
hereafter more specifically described. Such description, however, is not
intended to limit or impair the scope of intention of the general description
contained in the granting clauses or elsewhere in the Original Indenture.
I. PROPERTY IN THE STATE OF MINNESOTA
The following described real property, situate, lying and being in the
County of Lyon, to-wit:
1. The South Six Hundred Seventy (670) feet of the North One
Thousand One Hundred Ten (1,110) feet of the East Three Hundred
Forty (340) feet of the Northeast Quarter (NE1/4) of the
Northeast Quarter (NE1/4) of Section Fifteen (15) Township One
Hundred Nine (109) North, Range Forty Two (42) West.
The following described real property, situate, lying and being in
the County of Steele, to-wit:
2. Commencing at a point 33 feet South of the Northwest corner of
Section 5, thence East 75 feet, thence South 150 feet, thence
West 150 feet, thence North 150 feet, thence East 75 feet to the
Place of Beginning, all in Sections 5 and 6, Township 107 North,
Range 20 West of the 5th P.M.
II. TRANSMISSION LINES OF THE COMPANY
The electric transmission lines of the Company, including towers,
poles, pole lines, wire, switch racks, switchboards, insulators, and other
appliances and equipment, and all other property forming a part thereof or
appertaining thereto, and all service lines extending therefrom; together with
all rights for or relating to the construction, maintenance of operation
thereof, through, over, under, or upon any private property of public streets or
highways within as well as without the corporate limits of any municipal
corporation, and particularly the following described lines, to-wit:
IN THE STATE OF MINNESOTA
Line 5521 2.30 Miles Riverside-West River Road
Hennepin Co, MN Sec's 3, 10, 15 T29N R21W
Line 0881 0.10 Miles Chemolite-L. S. Power
Washington Co, MN Sec 27 T27N R21W
Line 5524 6.55 Miles West Hastings-Rosemount
Dakota Co, MN Sec's 25, 26, 27, 28, 29,
30 T115N R18W Dakota Co, MN Sec 30 T115N
R17W
A-1
Line 5523 7.67 Miles Chemolite-West Hastings
Dakota Co, MN Sec's 21, 28, 29, 30
T115N R17W Washington Co, MN Sec's 27,
35, 36 T27N R21W Washington Co, MN Sec
1 T26N R21W
Line 5404 3.03 Miles Hastings-West Hastings
Dakota Co, MN Sec's 27, 28, 29, 30
T115N R17W
Line 5525 2.07 Miles Rogers Lake-Lone Oak
Dakota Co, MN Sec 26, 35 T28N R23W
Dakota Co, MN Sec 2, 11 T27N R23W
Line 5519 36.6 Miles Chisago-Wyoming-Hugo-Goose Lake
Chisago Co, MN Sec's 1, 12, 13, 24,
25, 35, 36 T34N R21W Chisago Co, MN
Sec's 2, 11, 15, 16, 21, 28, 29, 32
T35N R21W Washington Co, MN Sec's 5, 7,
17, 20, 29, 32 T32N R21W Washington Co, MN
Sec's 5, 8, 17, 19 T31N R21W Ramsey Co, MN
Sec's 1, 11,12, 14, 22, 23 T30N R22W
Line 5522 6.75 Miles Elm Creek-Champlin
Hennepin Co, MN Sec 4 T119N R22W
Hennepin Co, MN Sec's 33, 28, 21, 22,
23, 24
Line 5526 5.72 Miles Rogers Lake-Lone Oak Dakota Co, MN
Sec's 26, 35, 36 T28N R23W Dakota Co, MN
Sec's 6, 7 T27N R22W Dakota Co, MN Sec's 1,
11, 12 T27N R23W
Line 5528 1.76 Miles Koch-Rosemount Dakota Co, MN Sec 13 T115N
R19W Dakota Co, MN Sec's 18, 19 T115N
R18W
Line 5505 11.71 Miles Riverside-Coon Creek Anoka Co, MN Sec's 27,
34 T30N R24W Anoka Co, MN Sec 35 T31N R24W
Hennepin Co, MN Sec 3 T29N R24W
Hennepin Co, MN Sec's 1, 2 T118N R21
Hennepin Co, MN Sec's 11, 14, 23, 27,
34, 35 T119N R21W
IN THE STATE OF SOUTH DAKOTA
Line 5527 16.36 Miles Split Rock-Cherry Creek
Minnehaha Co, South Dakota Sec's 30,
31 T102N R48W Minnehaha Co, South
Dakota Sec's 25, 26, 35, 34, 33, 32,
29, 30 T102N R49W Minnehaha Co, South
Dakota Sec's 25, 26, 35 T102N R50W
Minnehaha Co, South Dakota Sec's 2,
11, 14, 22 T101N R50W
A-2
----------------
MORTGAGOR'S RECEIPT FOR COPY
The undersigned Northern States Power Company, the Mortgagor described
in the foregoing Mortgage, hereby acknowledges that at the time of the execution
of the Mortgage, Harris Trust and Savings Bank, Trustee, the Mortgagee described
therein, surrendered to it a full, true, complete, and correct copy of said
instrument, with signatures, witnesses, and acknowledgments thereon shown.
NORTHERN STATES POWER COMPANY
BY: PAUL E. PENDER, VICE PRESIDENT
Attest:
CATHERINE J. CLEVELAND, ASSISTANT SECRETARY ___________________
This instrument was drafted by Northern States Power Company, 414
Nicollet Mall, Minneapolis, Minnesota 55401.
Tax statements for the real property described in this instrument
should be sent to Northern States Power Company, 414 Nicollet Mall, Minneapolis,
Minnesota 55401.
A-3