OHIO EDISON COMPANY with THE BANK OF NEW YORK MELLON, As Trustee Fourteenth Supplemental Indenture Providing among other things for First Mortgage Bonds
Exhibit
4.1
OHIO
EDISON COMPANY
with
THE
BANK OF NEW YORK MELLON,
As
Trustee
____________________________
Fourteenth
Supplemental Indenture
Providing
among other things for
First
Mortgage Bonds
8.25%
Series of 2008 due 2038
8.25%
Series of 2008 due 2018
____________________________
Dated
as of October 1, 2008
FOURTEENTH SUPPLEMENTAL
INDENTURE, dated as of October 1, 2008, between Ohio Edison Company, a
corporation organized and existing under the laws of the State of Ohio
(hereinafter called the “Company”),
and The Bank of New York Mellon (f/k/a The Bank of New York), a
banking corporation organized and existing under the laws of the State of New
York, as Trustee under the Indenture hereinafter referred to.
WHEREAS, the Company has
heretofore executed and delivered to The Bank of New York Mellon, as Trustee
(hereinafter called the “Trustee”),
a certain General Mortgage Indenture and Deed of Trust, dated as of January 1,
1998, to secure Bonds of the Company, issued and to be issued in series, from
time to time, in the manner and subject to the conditions set forth in the said
Indenture, which Indenture as heretofore and hereby supplemented is hereinafter
referred to as the “Indenture”;
WHEREAS, the Company desires
to modify the Indenture pursuant to Section 14.01(a)(xiv) of the Indenture, so
that the words “Mortgage Bonds” in the descriptive title of all Outstanding
Bonds shall be changed to “First Mortgage Bonds” as a result of the discharge
and release of the 1930 Mortgage as of December 28, 2006;
WHEREAS, the Company, by
appropriate corporate action in conformity with the terms of the Indenture, has
duly determined to create two new series of Bonds under the Indenture,
consisting of (i) $275,000,000 in aggregate principal amount to be designated as
“First Mortgage Bonds 8.25% Series of 2008 due 2038” (hereinafter referred to as
the “Bonds
of Series of 2008 due 2038”), which shall bear interest at the rate per
annum set forth in, shall be subject to certain redemption rights and
obligations set forth in, and will otherwise be in the form and have the terms
and provisions provided for in this Supplemental Indenture and set forth in the
form of such bond which shall be substantially in the form included in Exhibit
A-1 attached hereto and (ii) $25,000,000 in aggregate principal amount to be
designated as “First Mortgage Bonds 8.25% Series of 2008 due 2018” (hereinafter
referred to as the “Bonds of Series
of 2008 due 2018”), which shall bear interest at the rate per annum set
forth in, shall be subject to certain redemption rights and obligations set
forth in, and will otherwise be in the form and have the terms and provisions
provided for in this Supplemental Indenture and set forth in the form of such
bond which shall be substantially in the form included in Exhibit A-2 attached
hereto;
WHEREAS, all things necessary
to make the Bonds of Series of 2008 due 2038 and the Bonds of Series of 2008 due
2018, when authenticated by the Trustee and issued as in the Indenture provided,
the valid, binding and legal obligations of the Company, entitled in all
respects to the security of the Indenture, have been done and performed, and the
creation, execution and delivery of this Supplemental Indenture has in all
respects been duly authorized; and
WHEREAS, the Company deems it
advisable to enter into this Supplemental Indenture for the purposes of
establishing the respective forms, terms and provisions of the Bonds of Series
of 2008 due 2038 and the Bonds of Series of 2008 due 2018, as provided and
contemplated by Sections 2.01(a) and 3.01(b) of the Indenture, and the Company
has requested and hereby requests the Trustee to join in the execution of this
Supplemental Indenture.
NOW, THEREFORE, THIS SUPPLEMENTAL
INDENTURE WITNESSETH:That the Company, in consideration of the premises
and of the mutual covenants herein contained and of the sum of One Dollar
($1.00) to it duly paid by the Trustee at or before the delivery of these
presents and for other valuable considerations, the receipt whereof is hereby
acknowledged, and in order to secure the payment of the principal of, premium,
if any, and interest, if any, on all Bonds at any time issued and Outstanding
under the Indenture when payable in accordance with the provisions thereof and
hereof, and to secure the performance by the Company of, and its compliance
with, the covenants and conditions contained in such Bonds and in the Indenture,
has granted, bargained, sold, released, conveyed, assigned, transferred,
mortgaged, pledged, set over and confirmed, together with all the appurtenances
thereto and by these presents does grant, bargain, sell, release, convey,
assign, transfer, mortgage, pledge, set over and confirm unto the Trustee and to
its successors in said trust, and to its and their assigns, forever, all of the
Company’s interests in the parcels of land described in Exhibit B attached
hereto and made a part hereof.
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TO HAVE AND TO HOLD all such
properties, rights and interests in property granted, bargained, sold,
warranted, released, conveyed, assigned, transferred, mortgaged, pledged, set
over and confirmed or in which a security interest has been granted by the
Company in this Supplemental Indenture or intended or agreed to be so granted,
together with all the appurtenances thereto, unto the Trustee and its successors
and assigns forever;
SUBJECT, HOWEVER, to Permitted
Liens and to Liens which have been granted by the Company to other persons to
the date of the execution and delivery of the Indenture and subject also, as to
any property hereinafter acquired by the Company, to vendor’s Liens, purchase
money mortgages and other Liens thereon at the time of the acquisition thereof
(including, but not limited to, the Lien of any Class A Mortgage), it being
understood that with respect to any of such 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 and subordinate to the Lien of such Class A
Mortgage;
BUT IN TRUST, NEVERTHELESS,
upon the terms and trusts set forth in the Indenture for the equal and
proportionate benefit and security of all present and future Holders of the
Bonds, and to secure the payment of the principal of premium, if any, and
interest, if any, on the Bonds issued and Outstanding under the Indenture when
payable in accordance with the provisions thereof and hereof, and to secure the
performance by the Company, of, and its compliance with, the covenants and
conditions of this Indenture without any preference, priority or distinction of
any one Bond over any other Bond by reason of priority in the time of issue or
negotiation thereof or otherwise.
NOW, THEREFORE, IT IS HEREBY
COVENANTED, DECLARED AND AGREED, by the Company, that all such Bonds of
Series of 2008 due 2038 and such Bonds of Series of 2008 due 2018 are to be
issued, authenticated and delivered, subject to this Supplemental Indenture and
to the further covenants, conditions, uses and trusts in the Indenture set
forth, and the parties hereto mutually agree as follows:
SECTION
1. Effective on and after the date hereof the
words “Mortgage
Bonds” in the descriptive title of all Outstanding Bonds shall be changed
to “First
Mortgage Bonds,” pursuant to Section 14.01(a)(xiv) of the
Indenture.
SECTION
2.
(a) Bonds
of Series of 2008 due 2038 shall be designated as the Company’s “First Mortgage
Bonds 8.25% Series of 2008 due 2038.” The Bonds of Series of 2008 due
2038 will mature on the date set forth in the form of bond set forth in Exhibit
A-1 and, subject to the provisions of said form, shall bear interest from the
time hereinafter provided at the rate of 8.25% per annum payable on April 15 and
October 15 in each year beginning on April 15, 2009 (each such date hereinafter
called a “2038 Interest Payment
Date”) on and until maturity, or, in the case of any such Bonds of Series
of 2008 due 2038 duly called for redemption, on and until the redemption date,
or in the case of any default by the Company in the payment of principal due on
any such Bonds of Series of 2008 due 2038, until the Company’s obligation with
respect to the payment of the principal shall be discharged as provided in the
Indenture. If the maturity date or any redemption date should fall on
a day that is not a Business Day, the principal due on such date shall be paid
on the next succeeding Business Day and no interest shall accrue for the
intervening period with respect to the payment so deferred. Principal
or redemption price of and interest on Bonds of Series of 2008 due 2038 shall be
payable, to the extent specified in said form of bond, in any coin or currency
of the United States of America which at the time of payment is legal tender for
the payment of public and private debts, at the office or agency of the Company
in the Borough of Manhattan, The City of New York, New York, in the City of
Akron, Ohio, or in the City of Cleveland, Ohio.
(b) Bonds
of Series of 2008 due 2038 and the Trustee’s certificate of authentication shall
be substantially in the form set forth in Exhibit A-1, and delivery of Bonds of
Series of 2008 due 2038 to the Trustee for authentication shall be conclusive
evidence that the multiple thereof and its serial number have been duly approved
by the Company.
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(c) Bonds
of Series of 2008 due 2038 may be transferred by the registered owners thereof,
in person or by attorney duly authorized, at an office or agency of the Company
in the Borough of Manhattan, The City of New York, New York, in the City of
Akron, Ohio, or in the City of Cleveland, Ohio, but only in the manner and upon
the conditions prescribed in the Indenture and in the form of bond of such
series set forth in Exhibit A-1. The Bond Registrar shall not be
required to register the transfer of or to exchange (a) any such Bond of Series
of 2008 due 2038 during a period of fifteen (15) days immediately preceding the
date of the mailing of the notice of redemption, or (b) any such Bond of Series
of 2008 due 2038, selected for redemption in whole or in part, except the
unredeemed portion of any such Bond of Series of 2008 due 2038 being
redeemed.
(d) Subject
to certain exceptions provided in the Indenture, the interest payable on any
2038 Interest Payment Date shall be paid to the person in whose name a Bond of
Series of 2008 due 2038 shall be registered at the close of business on the
Regular Record Date (as defined in the Bond of Series of 2008 due 2038) or, in
the case of defaulted interest, in the manner and to the person as provided in
Section 3.07 of the Indenture. If any 2038 Interest Payment Date
should fall on a day that is not a Business Day, then the interest payment shall
be made on the next succeeding Business Day and no interest shall accrue for the
intervening period with respect to the payment so deferred.
(e) Notices
and demands to or upon the Company in respect of the Bonds of Series of 2008 due
2038, this Supplemental Indenture and the Indenture may be served at the office
or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York, New York, in the City of Akron, Ohio, or in the
City of Cleveland, Ohio.
SECTION
3.
(a) Bonds
of Series of 2008 due 2038 shall be issued initially in the form of one or more
permanent global securities in fully registered form without coupons, with the
global bond legend set forth on the form of Bonds of Series of 2008 due 2038
(each a “2038 Global
Bond”), deposited with, or on behalf of, The Depository Trust Company
(the “2038 Depository”)
and registered in the name of Cede & Co., as the Depository’s nominee and
duly executed by the Company and authenticated by the Trustee as hereinafter
provided. Each such 2038 Global Bond shall be deposited with the
Trustee as custodian for the 2038 Depository.
(b) Members
of, or participants in, the 2038 Depository (“2038 Agent
Members”) shall have no rights under this Supplemental Indenture or the
Indenture with respect to any 2038 Global Bond held on their behalf by the 2038
Depository or by the Trustee as the custodian for the 2038 Depository or under
such 2038 Global Bond, and the 2038 Depository may be treated by the Company,
the Trustee and any agent of the Company or the Trustee as the absolute owner of
such 2038 Global Bond for all purposes whatsoever. Notwithstanding
the foregoing, nothing herein shall prevent the Company, the Trustee or any
agent of the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the 2038 Depository or
impair, as between the 2038 Depository and its 2038 Agent Members, the operation
of customary practices of such 2038 Depository governing the exercise of the
rights of a holder of a beneficial interest in any 2038 Global
Bond.
(c) Except
as provided in this Section 3, owners of beneficial interests in 2038 Global
Bonds will not be entitled to receive physical delivery of Bonds of Series of
2008 due 2038.
(d) Neither
the Company, the Trustee nor any agent of the Company or the Trustee shall have
any responsibility or liability for any aspect of the records relating to or
payments made on account of beneficial ownership interests in a 2038 Global Bond
or for maintaining, supervising or reviewing any records relating to such
beneficial ownership interests.
(e) A
2038 Global Bond may not be transferred except by the 2038 Depository to a
nominee of the 2038 Depository or by a nominee of the 2038 Depository to the
2038 Depository or another nominee of the 2038 Depository or to a successor 2038
Depository or its nominee.
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(f)
Subject to the procedures of the 2038 Depository, a 2038
Global Bond shall be exchangeable for Bonds of Series of 2008 due 2038
registered in the names of persons other than the 2038 Depository or its nominee
only if (i) the 2038 Depository notifies the Company that it is unwilling or
unable to continue as a 2038 Depository for such 2038 Global Bond and no
successor 2038 Depository shall have been appointed by the Company, or if at any
time the 2038 Depository ceases to be a clearing agency registered under the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), at a time when the 2038 Depository is required to be so registered
to act as such 2038 Depository and no successor 2038 Depository shall have been
appointed by the Company, in each case within 90 days after the Company receives
such notice or becomes aware of such cessation, (ii) the Company in its sole
discretion determines that such 2038 Global Bond shall be so exchangeable, or
(iii) there shall have occurred an event of default with respect to the Bonds of
Series of 2008 due 2038. Any 2038 Global Bond that is exchangeable
pursuant to the preceding sentence shall be exchangeable for Bonds of Series of
2008 due 2038 registered in such names as the 2038 Depository shall
direct.
SECTION 4.
(a) The
Bonds of Series of 2008 due 2038 are subject to redemption, at the option of the
Company prior to maturity in whole or in part at any time, at a redemption price
equal to the greater of (1) 100% of the principal amount of the Bonds of Series
of 2008 due 2038 to be redeemed and (2) the sum of the present value of the
Remaining Scheduled Payments (as hereinafter defined) discounted to the date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate (as hereinafter defined) plus 50 basis
points, plus, in the case of each of clause (1) and (2), accrued and unpaid
interest, if any, to the redemption date. The Bonds of Series of 2008 due 2038
shall not otherwise be subject to redemption by the Company prior to
maturity.
(b) For
purposes of this Section 4 and the form of Bond of Series of 2008 due 2038, the
following terms shall have the meanings set forth below:
“Comparable
Treasury Issue” shall mean the United States Treasury security selected
by an Independent Investment Banker as having a maturity comparable to the
remaining term (“Remaining
Life”) of the Bonds of Series of 2008 due 2038 to be redeemed that would
be utilized, at the time of selection and in accordance with customary financial
practice in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of such Bonds of Series 2008 due
2038.
“Comparable
Treasury Price” shall mean with respect to any redemption date (1) the
average of five Reference Treasury Dealer Quotations for such redemption date
after excluding the highest and lowest Reference Treasury Dealer Quotations, or
(2) if the Independent Investment Banker obtains fewer than five such Reference
Treasury Dealer Quotations, the average of all such quotations.
“Independent
Investment Banker” shall mean one of the Reference Treasury Dealers
appointed by the Company, as selected by the Company, or, if such firm is
unwilling or unable to select the Comparable Treasury Issue, an independent
investment banking institution of national standing selected by the
Company.
“Reference
Treasury Dealer” shall mean (1) each of Barclays Capital Inc., Credit
Suisse Securities (USA) LLC, Greenwich Capital Markets, Inc., X.X. Xxxxxx
Securities Inc. and Xxxxxx Xxxxxxx & Co. Incorporated, and their respective
successors, provided, however, that if any of the foregoing shall cease to be a
primary U.S. Government securities dealer in The City of New York (a “Primary Treasury
Dealer”), the Company shall substitute therefor another Primary Treasury
Dealer and (2) any other Primary Treasury Dealers selected by the Independent
Investment Banker after consultation with the Company.
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“Reference
Treasury Dealer Quotations” shall mean, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the
Independent Investment Banker, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Independent Investment Banker at 5:00 p.m. New York
City time, on the third Business Day preceding such redemption
date.
“Remaining
Scheduled Payments” shall mean, with respect to the Bonds of Series of
2008 due 2038 to be redeemed, the remaining scheduled payments of principal and
interest on the Bonds of Series of 2008 due 2038 that would be due after the
related redemption date but for such redemption. If such redemption
date is not a 2038 Interest Payment Date with respect to such Bonds of Series of
2008 due 2038, the amount of the next succeeding scheduled interest payment on
those Bonds of Series of 2008 due 2038 will be reduced by the amount of interest
accrued on such Bonds of Series of 2008 due 2038 to such redemption
date.
“Treasury
Rate” shall mean, with respect to any redemption date,
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the yield,
under the heading which represents the average for the immediately
preceding week, appearing in the most recently published statistical
release designated “H.15(519),” or any successor publication which is
published weekly by the Federal Reserve and which establishes yields on
actively traded United States Treasury securities adjusted to constant
maturity under the caption “Treasury Constant Maturities,” for the
maturity corresponding to the Comparable Treasury Issue (if no maturity is
within three months before or after the Remaining Life, yields for the two
published maturities most closely corresponding to the Comparable Treasury
Issue shall be determined and the Treasury Rate shall be interpolated or
extrapolated from such yields on a straight line basis, rounding to the
nearest month) or
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if such
release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate
per annum equal to the semi-annual equivalent yield to maturity of the
Comparable Treasury Issue, calculated using a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal
to the Comparable Treasury Price for such redemption
date.
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The
Treasury Rate shall be calculated on the third Business Day preceding the
redemption date.
SECTION
5.
(a) The
principal amount of Bonds of Series of 2008 due 2038 which may be authenticated
and delivered hereunder is limited to the aggregate principal amount of Two
Hundred and Seventy Five Million Dollars ($275,000,000).
(b) Bonds
of Series of 2008 due 2038 in the aggregate principal amount of Two Hundred and
Seventy Five Million Dollars ($275,000,000) may at any time subsequent to the
execution hereof be executed by the Company and delivered to the Trustee and
shall be authenticated by the Trustee and delivered (either before or after the
recording hereof) upon the basis of property additions issued and delivered to
the Trustee for such purpose, pursuant to a Company Order referred to in Section
4.01 of the Indenture and upon receipt by the Trustee of the opinions and other
documents required by Sections 4.01 and, as applicable 4.03, 4.04 or 4.05 of the
Indenture.
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SECTION
6.
(a) Bonds
of Series of 2008 due 2018 shall be designated as the Company’s “First Mortgage
Bonds 8.25% Series of 2008 due 2018.” The Bonds of Series of 2008 due
2018 will mature on the date set forth in the form of bond set forth in Exhibit
A-2 and, subject to the provisions of said form, shall bear interest from the
time hereinafter provided at the rate of 8.25% per annum payable on April 15 and
October 15 in each year beginning on April 15, 2009 (each such date hereinafter
called a “2018 Interest Payment
Date”) on and until maturity, or, in the case of any such Bonds of Series
of 2008 due 2018 duly called for redemption, on and until the redemption date,
or in the case of any default by the Company in the payment of principal due on
any such Bonds of Series of 2008 due 2018, until the Company’s obligation with
respect to the payment of the principal shall be discharged as provided in the
Indenture. If the maturity date or any redemption date should fall on
a day that is not a Business Day, the principal due on such date shall be paid
on the next succeeding Business Day and no interest shall accrue for the
intervening period with respect to the payment so deferred. Principal
or redemption price of and interest on Bonds of Series of 2008 due 2018 shall be
payable, to the extent specified in said form of bond, in any coin or currency
of the United States of America which at the time of payment is legal tender for
the payment of public and private debts, at the office or agency of the Company
in the Borough of Manhattan, The City of New York, New York, in the City of
Akron, Ohio, or in the City of Cleveland, Ohio.
(b) Bonds
of Series of 2008 due 2018 and the Trustee’s certificate of authentication shall
be substantially in the form set forth in Exhibit A-2, and delivery of Bonds of
Series of 2008 due 2018 to the Trustee for authentication shall be conclusive
evidence that the multiple thereof and its serial number have been duly approved
by the Company.
(c) Bonds
of Series of 2008 due 2018 may be transferred by the registered owners thereof,
in person or by attorney duly authorized, at an office or agency of the Company
in the Borough of Manhattan, The City of New York, New York, in the City of
Akron, Ohio, or in the City of Cleveland, Ohio, but only in the manner and upon
the conditions prescribed in the Indenture and in the form of bond of such
series set forth in Exhibit A-2. The Bond Registrar shall not be
required to register the transfer of or to exchange (a) any such Bond of Series
of 2008 due 2018 during a period of fifteen (15) days immediately preceding the
date of the mailing of the notice of redemption, or (b) any such Bond of Series
of 2008 due 2018, selected for redemption in whole or in part, except the
unredeemed portion of any such Bond of Series of 2008 due 2018 being
redeemed.
(d) Subject
to certain exceptions provided in the Indenture, the interest payable on any
2018 Interest Payment Date shall be paid to the person in whose name a Bond of
Series of 2008 due 2018 shall be registered at the close of business on the
Regular Record Date (as defined in the Bond of Series of 2008 due 2018) or, in
the case of defaulted interest, in the manner and to the person as provided in
Section 3.07 of the Indenture. If any 2018 Interest Payment Date
should fall on a day that is not a Business Day, then the interest payment shall
be made on the next succeeding Business Day and no interest shall accrue for the
intervening period with respect to the payment so deferred.
(e) Notices
and demands to or upon the Company in respect of the Bonds of Series of 2008 due
2018, this Supplemental Indenture and the Indenture may be served at the office
or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York, New York, in the City of Akron, Ohio, or in the
City of Cleveland, Ohio.
SECTION
7.
(a) Bonds
of Series of 2008 due 2018 shall be issued initially in the form of one or more
permanent global securities in fully registered form without coupons, with the
global bond legend set forth on the form of Bonds of Series of 2008 due 2018
(each a “2018 Global
Bond”), deposited with, or on behalf of, The Depository Trust Company
(the “2018 Depository”)
and registered in the name of Cede & Co., as the Depository’s nominee and
duly executed by the Company and authenticated by the Trustee as hereinafter
provided. Each such 2018 Global Bond shall be deposited with the
Trustee as custodian for the 2018 Depository.
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(b) Members
of, or participants in, the 2018 Depository (“2018 Agent
Members”) shall have no rights under this Supplemental Indenture or the
Indenture with respect to any 2018 Global Bond held on their behalf by the 2018
Depository or by the Trustee as the custodian for the 2018 Depository or under
such 2018 Global Bond, and the 2018 Depository may be treated by the Company,
the Trustee and any agent of the Company or the Trustee as the absolute owner of
such 2018 Global Bond for all purposes whatsoever. Notwithstanding
the foregoing, nothing herein shall prevent the Company, the Trustee or any
agent of the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the 2018 Depository or
impair, as between the 2018 Depository and its 2018 Agent Members, the operation
of customary practices of such 2018 Depository governing the exercise of the
rights of a holder of a beneficial interest in any 2018 Global
Bond.
(c) Except
as provided in this Section 7, owners of beneficial interests in 2018 Global
Bonds will not be entitled to receive physical delivery of Bonds of Series of
2008 due 2018.
(d) Neither
the Company, the Trustee nor any agent of the Company or the Trustee shall have
any responsibility or liability for any aspect of the records relating to or
payments made on account of beneficial ownership interests in a 2018 Global Bond
or for maintaining, supervising or reviewing any records relating to such
beneficial ownership interests.
(e) A
2018 Global Bond may not be transferred except by the 2018 Depository to a
nominee of the 2018 Depository or by a nominee of the 2018 Depository to the
2018 Depository or another nominee of the 2018 Depository or to a successor 2018
Depository or its nominee.
(f) Subject
to the procedures of the 2018 Depository, a 2018 Global Bond shall be
exchangeable for Bonds of Series of 2008 due 2018 registered in the names of
persons other than the 2018 Depository or its nominee only if (i) the 2018
Depository notifies the Company that it is unwilling or unable to continue as a
2018 Depository for such 2018 Global Bond and no successor 2018 Depository shall
have been appointed by the Company, or if at any time the 2018 Depository ceases
to be a clearing agency registered under the Exchange Act, at a time when the
2018 Depository is required to be so registered to act as such 2018 Depository
and no successor 2018 Depository shall have been appointed by the Company, in
each case within 90 days after the Company receives such notice or becomes aware
of such cessation, (ii) the Company in its sole discretion determines that such
2018 Global Bond shall be so exchangeable, or (iii) there shall have occurred an
event of default with respect to the Bonds of Series of 2008 due
2018. Any 2018 Global Bond that is exchangeable pursuant to the
preceding sentence shall be exchangeable for Bonds of Series of 2008 due 2018
registered in such names as the 2018 Depository shall direct.
SECTION 8.
(a) The
Bonds of Series of 2008 due 2018 are subject to redemption, at the option of the
Company prior to maturity in whole or in part at any time, at a redemption price
equal to the greater of (1) 100% of the principal amount of the Bonds of Series
of 2008 due 2018 to be redeemed and (2) the sum of the present value of the
Remaining Scheduled Payments (as hereinafter defined) discounted to the date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate (as hereinafter defined) plus 50 basis
points, plus, in the case of each of clause (1) and (2), accrued and unpaid
interest, if any, to the redemption date. The Bonds of Series of 2008 due 2018
shall not otherwise be subject to redemption by the Company prior to
maturity.
(b) For
purposes of this Section 8 and the form of Bond of Series of 2008 due 2018, the
following terms shall have the meanings set forth below:
“Comparable
Treasury Issue” shall mean the United States Treasury security selected
by an Independent Investment Banker as having a maturity comparable to the
remaining term (“Remaining
Life”) of the Bonds of Series of 2008 due 2018 to be redeemed that would
be utilized, at the time of selection and in accordance with customary financial
practice in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of such Bonds of Series of 2008 due
2018.
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“Comparable
Treasury Price” shall mean with respect to any redemption date (1) the
average of five Reference Treasury Dealer Quotations for such redemption date
after excluding the highest and lowest Reference Treasury Dealer Quotations, or
(2) if the Independent Investment Banker obtains fewer than five such Reference
Treasury Dealer Quotations, the average of all such quotations.
“Independent
Investment Banker” shall mean one of the Reference Treasury Dealers
appointed by the Company, as selected by the Company, or, if such firm is
unwilling or unable to select the Comparable Treasury Issue, an independent
investment banking institution of national standing selected by the
Company.
“Reference
Treasury Dealer” shall mean (1) each of Barclays Capital Inc., Credit
Suisse Securities (USA) LLC, Greenwich Capital Markets, Inc., X.X. Xxxxxx
Securities Inc. and Xxxxxx Xxxxxxx & Co. Incorporated, and their respective
successors, provided, however, that if any of the foregoing shall cease to be a
primary U.S. Government securities dealer in The City of New York (a “Primary Treasury
Dealer”), the Company shall substitute therefor another Primary Treasury
Dealer and (2) any other Primary Treasury Dealers selected by the Independent
Investment Banker after consultation with the Company.
“Reference
Treasury Dealer Quotations” shall mean, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the
Independent Investment Banker, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Independent Investment Banker at 5:00 p.m. New York
City time, on the third Business Day preceding such redemption
date.
“Remaining
Scheduled Payments” shall mean, with respect to the Bonds of Series of
2008 due 2018 to be redeemed, the remaining scheduled payments of principal and
interest on the Bonds of Series of 2008 due 2018 that would be due after the
related redemption date but for such redemption. If such redemption
date is not a 2018 Interest Payment Date with respect to such Bonds of Series of
2008 due 2018, the amount of the next succeeding scheduled interest payment on
those Bonds of Series of 2008 due 2018 will be reduced by the amount of interest
accrued on such Bonds of Series of 2008 due 2018 to such redemption
date.
“Treasury
Rate” shall mean, with respect to any redemption date,
·
|
the yield,
under the heading which represents the average for the immediately
preceding week, appearing in the most recently published statistical
release designated “H.15(519),” or any successor publication which is
published weekly by the Federal Reserve and which establishes yields on
actively traded United States Treasury securities adjusted to constant
maturity under the caption “Treasury Constant Maturities,” for the
maturity corresponding to the Comparable Treasury Issue (if no maturity is
within three months before or after the Remaining Life, yields for the two
published maturities most closely corresponding to the Comparable Treasury
Issue shall be determined and the Treasury Rate shall be interpolated or
extrapolated from such yields on a straight line basis, rounding to the
nearest month) or
|
·
|
if such
release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate
per annum equal to the semi-annual equivalent yield to maturity of the
Comparable Treasury Issue, calculated using a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal
to the Comparable Treasury Price for such redemption
date.
|
The
Treasury Rate shall be calculated on the third Business Day preceding the
redemption date.
8
SECTION
9.
(a) The
principal amount of Bonds of Series of 2008 due 2018 which may be authenticated
and delivered hereunder is limited to the aggregate principal amount of Twenty
Five Million Dollars ($25,000,000).
(b) Bonds
of Series of 2008 due 2018 in the aggregate principal amount of Twenty Five
Million Dollars ($25,000,000) may at any time subsequent to the execution hereof
be executed by the Company and delivered to the Trustee and shall be
authenticated by the Trustee and delivered (either before or after the recording
hereof) upon the basis of property additions issued and delivered to the Trustee
for such purpose, pursuant to a Company Order referred to in Section 4.01 of the
Indenture and upon receipt by the Trustee of the opinions and other documents
required by Sections 4.01 and, as applicable 4.03, 4.04 or 4.05 of the
Indenture.
SECTION
10. Except as herein otherwise expressly provided, no duties,
responsibilities or liabilities are assumed, or shall be construed to be
assumed, by the Trustee by reason of this Supplemental Indenture; the Trustee
shall not be responsible in any manner whatsoever for or in respect of the
validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals herein or in the Bonds of Series of 2008 due 2038 or the Bonds of
Series of 2008 due 2018 (except in each case the Trustee’s authentication
certificate), all of which are made by the Company solely; and this Supplemental
Indenture is executed and accepted by the Trustee, subject to all the terms and
conditions set forth in the Indenture, as fully to all intents and purposes as
if the terms and conditions of the Indenture were herein set forth at
length.
SECTION
11. As supplemented by this Supplemental Indenture, the
Indenture is in all respects ratified and confirmed, and the Indenture as herein
defined, and this Supplemental Indenture, shall be read, taken and construed as
one and the same instrument. Capitalized terms used herein and not otherwise
defined herein shall have the meaning ascribed to them in the
Indenture.
SECTION
12. Nothing in this Supplemental Indenture contained
shall or shall be construed to confer upon any person other than a Holder of
Bonds issued under the Indenture, the Company and the Trustee any right or
interest to avail himself of any benefit under any provision of the Indenture or
of this Supplemental Indenture.
SECTION
13. This Supplemental Indenture may be simultaneously executed
in several counterparts and all such counterparts executed and delivered, each
as an original, shall constitute but one and the same instrument.
9
In
Witness Whereof, Ohio Edison Company and The Bank of New York Mellon have caused
these presents to be executed in their respective names by their respective
Presidents or one of their Vice Presidents or Assistant Vice Presidents, as of
the day and year first above written.
OHIO
EDISON COMPANY
|
||||
By:
|
||||
Name:
|
Xxxxx X.
Xxxxxxx
|
|||
Title:
|
Vice
President and Treasurer
|
THE BANK OF NEW YORK MELLON, as
Trustee
|
||||
By:
|
||||
Name:
|
Xxxxxx
Xxxxxxx
|
|||
Title:
|
Vice
President
|
STATE OF
OHIO )
) ss.:
COUNTY OF
SUMMIT )
On
the ____ day of October in the year 2008 before me, the undersigned, personally
appeared Xxxxx X. Xxxxxxx, personally known to me or proved to me on the basis
of satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his
capacity as Vice President and Treasurer and that by his signature on the
instrument, the individual, or the person or entity upon behalf of which the
individual acted, executed the instrument.
________________________________ | |
_______________, Notary Public | |
Commission Expires _____________ |
STATE OF NEW
YORK )
) ss.:
COUNTY OF NEW
YORK )
On
the ___ day of October in the year 2008 before me, the undersigned, personally
appeared Xxxxxx Xxxxxxx, personally known to me or proved to me on the basis of
satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his
capacity as Vice President of The Bank of New York Mellon, and that by his
signature on the instrument, the individual, or the person or entity upon behalf
of which the individual acted, executed the instrument.
________________________________ | |
_______________, Notary Public | |
Commission Expires _____________ |
The
Bank of New York Mellon hereby certifies that its precise name and address as
Trustee hereunder are:
The
Bank of New York Mellon
Corporate Trust
Division
000
Xxxxxxx Xxxxxx, 0-X
Xxxx, Xxxxxx xxx
Xxxxx xx Xxx Xxxx 00000
THE
BANK OF NEW YORK MELLON
|
||||
By:
|
||||
Name:
|
Xxxxxx
Xxxxxxx
|
|||
Title:
|
Vice
President
|
THIS INSTRUMENT
PREPARED BY:
Xxxxx X.
Xxxxxx
Akin Gump Xxxxxxx
Xxxxx & Xxxx LLP
000
Xxxxxxx Xxxxxx
Xxx
Xxxx, XX 00000
EXHIBIT
A-1
[FORM OF FULLY
REGISTERED BONDS OF SERIES OF 2008 DUE 2038]
[GLOBAL BONDS
LEGEND]
UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW
YORK, NEW YORK, TO OHIO EDISON COMPANY (“COMPANY”)
OR ITS AGENTS FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
TRANSFERS OF THIS
GLOBAL BOND SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND
TRANSFERS OF PORTIONS OF THIS GLOBAL BOND SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE SUPPLEMENTAL INDENTURE
REFERRED TO BELOW.
OHIO
EDISON COMPANY
First Mortgage Bonds 8.25%
Series of 2008 due 2038
Due October 15,
2038
No.____ $___________
Ohio Edison Company,
a corporation of the State of Ohio (hereinafter called the “Company”),
for value received, hereby promises to pay to _____________________________, or
registered assigns, the sum of _____________________________________________
Dollars ($________________) or the aggregate unpaid principal amount hereof,
whichever is less, on October 15, 2038, in any coin or currency of the
United States of America which at the time of payment is legal tender for the
payment of public and private debts, and to pay interest on the unpaid principal
amount hereof in like coin or currency from the time hereinafter provided, at
the rate specified in the title hereof, such interest to be payable on
April 15 and October 15 in each year beginning on April 15, 2009
(each such date herein called an “Interest Payment
Date”), and on and until the date of maturity of this Bond, or, if this
Bond shall be duly called for redemption, on and until the redemption date, or,
if the Company shall default in the payment of the principal amount of this
Bond, until the Company’s obligation with respect to the payment of such
principal shall be discharged as provided in the Indenture referred to on the
reverse hereof. Payments of principal of and interest on this bond
shall be made at an office or agency of the Company in the Borough of Manhattan,
The City of New York, New York, in the City of Akron, Ohio, or in the City of
Cleveland, Ohio. Except as hereinafter provided, this Bond shall bear
interest from the most recent date to which interest has been paid or, if no
interest has been paid or duly provided for, then from the date of initial
authentication of this Bond, until the principal of this Bond has been paid or
duly provided for. Subject to certain exceptions provided in said Indenture, the
interest payable on any Interest Payment Date shall be paid to the person in
whose name this Bond shall be registered at the close of business on the Regular
Record Date (hereinafter defined) or, in the case of defaulted interest, in the
manner and to the person as provided in the Indenture. If any
Interest Payment Date should fall on a day that is not a Business Day (as
defined in the Indenture), then the interest payment shall be made on the next
succeeding Business Day and no interest shall accrue for the intervening period
with respect to the payment so deferred.
A-1-1
The
provisions of this bond are continued on the reverse-hereof and such continued
provisions shall for all purposes have the same effect as though fully set forth
at this place.
This bond shall not
become valid or obligatory until The Bank of New York Mellon, the Trustee under
the Indenture referred to on the reverse hereof, or its successor thereunder,
shall have authenticated the form of certificate endorsed hereon.
IN
WITNESS WHEREOF, Ohio Edison Company has caused this bond to be signed in its
name by its President or a Vice President, by his or her signature or a
facsimile thereof.
Dated:
|
OHIO
EDISON COMPANY
|
||||
By:
|
||||
Name:
|
Xxxxx X.
Xxxxxxx
|
|||
Title:
|
Vice
President and Treasurer
|
A-1-2
[Form of Trustee’s
Authentication Certificate]
Trustee’s
Authentication Certificate
This is one of the
bonds of the series designated therein referred to in the within-mentioned
Indenture.
THE BANK OF NEW YORK MELLON, as
Trustee
|
||||
By:
|
||||
Name:
|
||||
Title:
|
A-1-3
[FORM OF FULLY
REGISTERED BONDS OF SERIES OF 2008 DUE 2038]
[REVERSE]
OHIO
EDISON COMPANY
First
Mortgage Bonds 8.25% Series of 2008 due 2038
This bond is one of
an issue of bonds of the Company, issuable in series, and is one of a series
known as its First Mortgage Bonds of the series designated in its title, all
issued and to be issued under and equally secured (except as to any money,
obligations or other instruments, or earnings thereon, deposited with the
Trustee in accordance with the provisions of the Indenture hereinafter mentioned
for the bonds of any particular series) by a General Mortgage Indenture and Deed
of Trust, dated as of January 1, 1998, executed by the Company to The Bank of
New York Mellon (f/k/a The Bank of New York), as Trustee, as amended and
supplemented by indentures supplemental thereto to which Indenture as so amended
and supplemented (herein referred to as the “Indenture”)
reference is made for a description of the property mortgaged and pledged, the
nature and extent of the security, the rights of the holders of the bonds in
respect thereof and the terms and conditions upon which the bonds are
secured. This Bond is one of a series designated as the First
Mortgage Bonds 8.25% Series of 2008 due 2038 (herein called the “Bonds of this
Series”) limited, except as otherwise provided in the Indenture, in
aggregate principal amount to $275,000,000, issued under and secured by the
Indenture and described in the Fourteenth Supplemental Indenture dated as of
October 1, 2008, between the Company and the Trustee (herein called the “Supplemental
Indenture”).
Except as
hereinafter provided, this Bond shall bear interest from the most recent date to
which interest has been paid or, if no interest has been paid or duly provided
for, then from the date of initial authentication of this Bond, until the
principal of this Bond has been paid or duly provided for. Subject to
certain exceptions provided in said Indenture, the interest payable on any
Interest Payment Date shall be paid to the person in whose name this Bond shall
be registered at the close of business on the Regular Record Date (hereinafter
defined) or, in the case of defaulted interest, in the manner and to the person
as provided in the Indenture.
The
term “Regular Record
Date” shall mean, with respect to any Interest Payment Date (other than
an Interest Payment Date that is a maturity date or redemption date) of any Bond
of this Series, the close of business on the fifteenth (15th)
calendar day next preceding the respective Interest Payment Date (whether or not
a Business Day, as defined in the Indenture); provided, however, that so long as
the Bonds of this Series are held by a Depository in the form of one or more
Global Bonds, the Regular Record Date with respect to each Interest Payment Date
(other than an Interest Payment Date that is the maturity date or redemption
date) will be the close of business on the Business Day before the applicable
Interest Payment Date.
The
Bonds of this Series are subject to redemption, at the option of the Company
prior to maturity in whole or in part at any time, as provided in the
Supplemental Indenture, at a redemption price equal to the greater of (1) 100%
of the principal amount of the Bonds of this Series to be redeemed and (2) the
sum of the present value of the Remaining Scheduled Payments (as defined in the
Supplemental Indenture) discounted to the date of redemption on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate (as defined in the Supplemental Indenture) plus 50 basis points,
plus, in the case of each of clause (1) and (2), accrued and unpaid interest, if
any, to the redemption date.
A-1-4
Any
redemption of the Bonds of this Series shall be made after written notice has
been given by the Trustee by mailing to each registered owner of such Bonds to
be redeemed a notice of such redemption, first class postage prepaid, at its
last address as it shall appear upon the books of the Company for the
registration and transfer of such Bonds. Any notice of redemption
shall be mailed at least thirty (30) days and not more than one hundred and
eighty (180) days before the redemption date, unless a shorter notice period is
consented to in writing by the registered owner or owners of all Bonds of this
Series to be redeemed and such consent is filed with the Trustee. In
the event of a partial redemption of Bonds of this Series, the Trustee shall
select, not more than sixty (60) days prior to the redemption date, the Bonds of
this Series to be redeemed, subject to the provisions of the Indenture, in such
manner as the Trustee shall deem appropriate and fair. Any notice of
redemption of the Bonds of this Series may be conditional on the Company
depositing funds with the Trustee, or irrevocably directing the Trustee to apply
moneys held by it, sufficient to pay the redemption price thereof, and if such
funds are not so deposited or such direction is not given, the redemption shall
not be made and within a reasonable time thereafter notice shall be given, in
the manner in which notice of redemption was given, that such money was not so
received and such redemption was not required to be made.
The
Bonds of this Series are not otherwise redeemable prior to their
maturity.
In
the Fourteenth Supplemental Indenture, dated October 1, 2008, between the
Company and the Trustee, the Company has modified the Indenture pursuant to
Section 14.01(a)(xiv) of the Indenture, so that the words “Mortgage Bonds” in
the descriptive title of all Outstanding Bonds (as defined in the Indenture)
shall be changed to “First Mortgage Bonds” with the discharge and release of the
1930 Mortgage (as defined in the Indenture) which occurred as of December 28,
2006.
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 occurrence and
continuance of an Event of Default (as defined in the Indenture) as in the
Indenture provided.
No
recourse shall be had for the payment of the principal of or premium, or
interest if any, on this bond, 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 the Indenture,
against any incorporator, stockholder, officer or director, as such, past,
present or future of the Company or of any predecessor or successor corporation,
either directly or through the Company or a predecessor or successor
corporation, whether by virtue of any Constitutional provision, statute or rule
of law, or by the enforcement of any assessment or penalty or otherwise, all
such liability of incorporators, stockholders, officers and directors being
released by the registered owner hereof by the acceptance of this bond and being
likewise waived and released by the terms of the Indenture.
Bonds of this Series
shall be issuable in denominations of $2,000 and integral multiples of $1,000
thereof.
Subject to the
limitations provided in the Indenture and the Supplemental Indenture, this Bond
is transferable by the registered owner hereof, in person or by duly authorized
attorney, on the books of the Company to be kept for that purpose at the office
or agency of the Company in the Borough of Manhattan, The City of New York, New
York, in the City of Akron, Ohio, or in the City of Cleveland, Ohio, upon
surrender and cancellation of this Bond, and upon presentation of a duly
executed written instrument of transfer, and thereupon a new fully registered
bond or bonds of the same series for a like principal amount and in authorized
denominations will be issued to the transferee or transferees in exchange
therefor, as provided in the Indenture; and upon payment, if the Company shall
require it, of the transfer charges therein prescribed. The Company
and the Trustee may deem and treat the person in whose name this Bond is
registered as the absolute owner for the purpose of receiving payment of or on
account of the principal and interest due hereon and for all other
purposes. The Bond Registrar (as defined in the Indenture) shall not
be required to register the transfer of or to exchange (a) any such Bond of this
Series during a period of fifteen (15) days immediately preceding the date of
the mailing of the notice of redemption, or (b) any such Bond of this Series,
selected for redemption in whole or in part, except the unredeemed portion of
any such Bond of this Series being redeemed.
[End
of Form of Bond of Series of 2008 due 2038]
X-0-0
XXXXXXX
X-0
[FORM OF FULLY
REGISTERED BONDS OF SERIES OF 2008 DUE 2018]
[GLOBAL BONDS
LEGEND]
UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW
YORK, NEW YORK, TO OHIO EDISON COMPANY (“COMPANY”)
OR ITS AGENTS FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
TRANSFERS OF THIS
GLOBAL BOND SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND
TRANSFERS OF PORTIONS OF THIS GLOBAL BOND SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE SUPPLEMENTAL INDENTURE
REFERRED TO BELOW.
OHIO
EDISON COMPANY
First
Mortgage Bonds 8.25% Series of 2008 due 2018
Due
October 15, 2018
No.____ $___________
Ohio Edison Company,
a corporation of the State of Ohio (hereinafter called the “Company”),
for value received, hereby promises to pay to _____________________________, or
registered assigns, the sum of _____________________________________________
Dollars ($________________) or the aggregate unpaid principal amount hereof,
whichever is less, on October 15, 2018, in any coin or currency of the
United States of America which at the time of payment is legal tender for the
payment of public and private debts, and to pay interest on the unpaid principal
amount hereof in like coin or currency from the time hereinafter provided, at
the rate specified in the title hereof, such interest to be payable on
April 15 and October 15 in each year beginning on April 15, 2009
(each such date herein called an “Interest Payment
Date”), and on and until the date of maturity of this Bond, or, if this
Bond shall be duly called for redemption, on and until the redemption date, or,
if the Company shall default in the payment of the principal amount of this
Bond, until the Company’s obligation with respect to the payment of such
principal shall be discharged as provided in the Indenture referred to on the
reverse hereof. Payments of principal of and interest on this bond
shall be made at an office or agency of the Company in the Borough of Manhattan,
The City of New York, New York, in the City of Akron, Ohio, or in the City of
Cleveland, Ohio. Except as hereinafter provided, this Bond shall bear
interest from the most recent date to which interest has been paid or, if no
interest has been paid or duly provided for, then from the date of initial
authentication of this Bond, until the principal of this Bond has been paid or
duly provided for. Subject to certain exceptions provided in said Indenture, the
interest payable on any Interest Payment Date shall be paid to the person in
whose name this Bond shall be registered at the close of business on the Regular
Record Date (hereinafter defined) or, in the case of defaulted interest, in the
manner and to the person as provided in the Indenture. If any
Interest Payment Date should fall on a day that is not a Business Day (as
defined in the Indenture), then the interest payment shall be made on the next
succeeding Business Day and no interest shall accrue for the intervening period
with respect to the payment so deferred.
A-2-1
The
provisions of this bond are continued on the reverse-hereof and such continued
provisions shall for all purposes have the same effect as though fully set forth
at this place.
This bond shall not
become valid or obligatory until The Bank of New York Mellon, the Trustee under
the Indenture referred to on the reverse hereof, or its successor thereunder,
shall have authenticated the form of certificate endorsed hereon.
IN
WITNESS WHEREOF, Ohio Edison Company has caused this bond to be signed in its
name by its President or a Vice President, by his or her signature or a
facsimile thereof.
Dated:
|
OHIO
EDISON COMPANY
|
||||
By:
|
||||
Name:
|
Xxxxx X.
Xxxxxxx
|
|||
Title:
|
Vice
President and Treasurer
|
A-2-2
[Form of Trustee’s
Authentication Certificate]
Trustee’s
Authentication Certificate
This is one of the
bonds of the series designated therein referred to in the within-mentioned
Indenture.
THE BANK OF NEW YORK MELLON, as
Trustee
|
||||
By:
|
||||
Name:
|
||||
Title:
|
A-2-3
[FORM OF FULLY
REGISTERED BONDS OF SERIES OF 2008 DUE 2018]
[REVERSE]
OHIO
EDISON COMPANY
First
Mortgage Bonds 8.25% Series of 2008 due 2018
This
bond is one of an issue of bonds of the Company, issuable in series, and is one
of a series known as its First Mortgage Bonds of the series designated in its
title, all issued and to be issued under and equally secured (except as to any
money, obligations or other instruments, or earnings thereon, deposited with the
Trustee in accordance with the provisions of the Indenture hereinafter mentioned
for the bonds of any particular series) by a General Mortgage Indenture and Deed
of Trust, dated as of January 1, 1998, executed by the Company to The Bank of
New York Mellon (f/k/a The Bank of New York), as Trustee, as amended and
supplemented by indentures supplemental thereto to which Indenture as so amended
and supplemented (herein referred to as the “Indenture”)
reference is made for a description of the property mortgaged and pledged, the
nature and extent of the security, the rights of the holders of the bonds in
respect thereof and the terms and conditions upon which the bonds are
secured. This Bond is one of a series designated as the First
Mortgage Bonds 8.25% Series of 2008 due 2018 (herein called the “Bonds of this
Series”) limited, except as otherwise provided in the Indenture, in
aggregate principal amount to $25,000,000, issued under and secured by the
Indenture and described in the Fourteenth Supplemental Indenture dated as of
October 1, 2008, between the Company and the Trustee (herein called the “Supplemental
Indenture”).
Except as
hereinafter provided, this Bond shall bear interest from the most recent date to
which interest has been paid or, if no interest has been paid or duly provided
for, then from the date of initial authentication of this Bond, until the
principal of this Bond has been paid or duly provided for. Subject to
certain exceptions provided in said Indenture, the interest payable on any
Interest Payment Date shall be paid to the person in whose name this Bond shall
be registered at the close of business on the Regular Record Date (hereinafter
defined) or, in the case of defaulted interest, in the manner and to the person
as provided in the Indenture.
The
term “Regular Record
Date” shall mean, with respect to any Interest Payment Date (other than
an Interest Payment Date that is a maturity date or redemption date) of any Bond
of this Series, the close of business on the fifteenth (15th)
calendar day next preceding the respective Interest Payment Date (whether or not
a Business Day, as defined in the Indenture); provided, however, that so long as
the Bonds of this Series are held by a Depository in the form of one or more
Global Bonds, the Regular Record Date with respect to each Interest Payment Date
(other than an Interest Payment Date that is the maturity date or redemption
date) will be the close of business on the Business Day before the applicable
Interest Payment Date.
The
Bonds of this Series are subject to redemption, at the option of the Company
prior to maturity in whole or in part at any time, as provided in the
Supplemental Indenture, at a redemption price equal to the greater of (1) 100%
of the principal amount of the Bonds of this Series to be redeemed and (2) the
sum of the present value of the Remaining Scheduled Payments (as defined in the
Supplemental Indenture) discounted to the date of redemption on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate (as defined in the Supplemental Indenture) plus 50 basis points,
plus, in the case of each of clause (1) and (2), accrued and unpaid interest, if
any, to the redemption date.
A-2-4
Any
redemption of the Bonds of this Series shall be made after written notice has
been given by the Trustee by mailing to each registered owner of such Bonds to
be redeemed a notice of such redemption, first class postage prepaid, at its
last address as it shall appear upon the books of the Company for the
registration and transfer of such Bonds. Any notice of redemption
shall be mailed at least thirty (30) days and not more than one hundred and
eighty (180) days before the redemption date, unless a shorter notice period is
consented to in writing by the registered owner or owners of all Bonds of this
Series to be redeemed and such consent is filed with the Trustee. In
the event of a partial redemption of Bonds of this Series, the Trustee shall
select, not more than sixty (60) days prior to the redemption date, the Bonds of
this Series to be redeemed, subject to the provisions of the Indenture, in such
manner as the Trustee shall deem appropriate and fair. Any notice of
redemption of the Bonds of this Series may be conditional on the Company
depositing funds with the Trustee, or irrevocably directing the Trustee to apply
moneys held by it, sufficient to pay the redemption price thereof, and if such
funds are not so deposited or such direction is not given, the redemption shall
not be made and within a reasonable time thereafter notice shall be given, in
the manner in which notice of redemption was given, that such money was not so
received and such redemption was not required to be made.
The
Bonds of this Series are not otherwise redeemable prior to their
maturity.
In
the Fourteenth Supplemental Indenture, dated October 1, 2008, between the
Company and the Trustee, the Company has modified the Indenture pursuant to
Section 14.01(a)(xiv) of the Indenture, so that the words “Mortgage Bonds” in
the descriptive title of all Outstanding Bonds (as defined in the Indenture)
shall be changed to “First Mortgage Bonds” with the discharge and release of the
1930 Mortgage (as defined in the Indenture) which occurred as of December 28,
2006.
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 occurrence and
continuance of an Event of Default (as defined in the Indenture) as in the
Indenture provided.
No
recourse shall be had for the payment of the principal of or premium, or
interest if any, on this bond, 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 the Indenture,
against any incorporator, stockholder, officer or director, as such, past,
present or future of the Company or of any predecessor or successor corporation,
either directly or through the Company or a predecessor or successor
corporation, whether by virtue of any Constitutional provision, statute or rule
of law, or by the enforcement of any assessment or penalty or otherwise, all
such liability of incorporators, stockholders, officers and directors being
released by the registered owner hereof by the acceptance of this bond and being
likewise waived and released by the terms of the Indenture.
Bonds of this Series
shall be issuable in denominations of $2,000 and integral multiples of $1,000
thereof.
Subject to the
limitations provided in the Indenture and the Supplemental Indenture, this Bond
is transferable by the registered owner hereof, in person or by duly authorized
attorney, on the books of the Company to be kept for that purpose at the office
or agency of the Company in the Borough of Manhattan, The City of New York, New
York, in the City of Akron, Ohio, or in the City of Cleveland, Ohio, upon
surrender and cancellation of this Bond, and upon presentation of a duly
executed written instrument of transfer, and thereupon a new fully registered
bond or bonds of the same series for a like principal amount and in authorized
denominations will be issued to the transferee or transferees in exchange
therefor, as provided in the Indenture; and upon payment, if the Company shall
require it, of the transfer charges therein prescribed. The Company
and the Trustee may deem and treat the person in whose name this Bond is
registered as the absolute owner for the purpose of receiving payment of or on
account of the principal and interest due hereon and for all other
purposes. The Bond Registrar (as defined in the Indenture) shall not
be required to register the transfer of or to exchange (a) any such Bond of this
Series during a period of fifteen (15) days immediately preceding the date of
the mailing of the notice of redemption, or (b) any such Bond of this Series,
selected for redemption in whole or in part, except the unredeemed portion of
any such Bond of this Series being redeemed.
[End
of Form of Bond of Series of 2008 due 2018]
A-2-5
EXHIBIT
B
DESCRIPTION
OF REAL PROPERTY
Parcel
No. 1
Alliance
MGP Site #1
Situated in the City
of Alliance, County of Xxxxx and State of Ohio:
Known as Lot No.
12719 in said City of Alliance.
B-1
Parcel
No. 2
Alliance
MGP Site #2
Situated in the City
of Alliance, County of Xxxxx and in the State of Ohio and being known, numbered
and designated as Lots 12710, 12711 and 12718, which are recorded in Replat Book
68 on Page 39, of the County Records of Xxxxx County, Ohio.
B-2
Parcel
No. 3
Bath
Substation
Situated in the
Township of Bath, County of Summit and State of Ohio and being part of Original
Lot (O.L.) 34 of Bath Township, and further known as being part of a tract of
land conveyed to Xxxxxxxx X. and Xxxxxxx X. Xxxxxxx by Deed Volume 6330, Page
291 of the Summit County Recorder’s Office, described as follows:
Beginning at a railroad spike
set at the southwest corner of O.L. Xxx 00 xxx xxx xxxxxxxxxx xx Xxxxx Xxxx
(X.X. 196), a variable-width public right of way;
Thence North 00
degrees 20 minutes 57 seconds East, along the westerly line of said O.L. 34, a
distance of 1664.92 feet to a stone with a “cross” cut found at an angle point
in the westerly line of said O.L. 34 marking the southeasterly corner of Xxxxxxx
Allotment as recorded in Plat Book 57, Pages 22-23 of the Summit County
Recorder’s Office, passing through a 5/8 inch rebar with cap set at a distance
of 63.15 feet;
Thence North 00
degrees 47 minutes 43 seconds East, along the easterly line of said Xxxxxxx
Allotment, a distance of 778.71 feet to a stone with a “cross” cut found at the
northwesterly corner of said O.L. 34;
Thence South 88
degrees 16 minutes 45 seconds East, along the northerly line of said O.L. 34, a
distance of 96.87 feet to a ¾-inch bar found on the westerly limited access
right of way line of Interstate 77 (U.S. 21), a State of Ohio Perpetual
Easement, Centerline Plat recorded by Volume 61, Page 44-45 of the Summit County
Recorder’s office;
Thence South 00
degrees 19 minutes 06 seconds West, along the westerly line of said Interstate
77, a distance of 2,438.29 feet to a point on the south line of O.L. 34 and the
centerline of said Shade road.
Thence South 88
degrees 42 minutes 11 seconds West, along the south line of said O.L. 34 and the
centerline of said Shade Road, a distance of 104.26 feet to the Point of Beginning.
The
above-described tract of land contains a total of 250,436.1 square feet or 5,749
acres, of which 0.159 acre lie in the public right of way of Shade Road, as
surveyed under the direction of Xxxxxxx X. Xxxxxx, P.S. 7495, Xxxxxxxx &
Associated, Inc. of Cuyahoga Falls, Ohio in July of 2005. Basis of
bearings is Xxxxx Xxxxx Xxxx Xxxxx, XXX00 (1986). Subject to all
easements and right of ways of public record or as otherwise legally
established.
Restricting,
however, unto the Guarantee, its successors and assigns, any permanently mounted
ground level equipment such as substations, transformers, and switch-gear upon a
portion of property conveyed which lies within 680 feet of the center line of
Shade Road, excluding a strip of land 10 feet in width parallel and adjacent to
the northerly limits of Shade Road as it exists now or in the
future.
X-0
Xxxxxx
Xx. 0
Xxxxxxx
Xxxxxxxxxx
Situated in the City
of Ashland, County of Ashland, State of Ohio, and being a part of the Southeast
Quarter of Section 20, Township 22 and Range 16 and being more particularly
described as follows:
Commencing at a ½
inch rebar found at the Northeast corner of the Southeast Quarter of Section
20;
Thence South 00
degrees 38’ 14” West along the East line of the Southeast Quarter of Section 20,
also being the East Line of lands now or formerly owned by Xxxxxx X. Xxxxxxxx as
recorded in Deed Volume 586, Page 995 of the Ashland County Recorders Records, a
distance of 260.66 feet to a point at the Southeast corner of said Xxxxxxxx
lands, referenced by a survey marker found with cap stamped “XXXXXXXX”, North 88
degrees 47’ 09” West, 2.47 feet;
Thence North 88
degrees 47’ 09” West along the South line of said Xxxxxxxx lands, passing thru a
survey marker found with cap stamped “XXXXXXXX” at a distance of 2.47 feet, a
total distance of 199.70 feet to a survey marker found with cap stamped
“XXXXXXXX” at the Southwest corner of said Xxxxxxxx lands.
Thence North 00
degrees 34’ 10” East along the West line of said Xxxxxxxx lands, a distance of
60.00 feet to a 5/8 inch rebar found;
Thence North 88
degrees 54’ 13” West along the South line of lands now or formerly owned by
Xxxxxx and Xxxxxxx X. Xxxxxxxx, Deed Volume 521, Page 805, Xxxx X. and Xxxxxxxxx
Xxxxxx, Deed Volume 561, Page 356 and Deed Volume 567, Page 104, and Xxxxxxx X.
and Xxxxxxx X. Xxxxx as recorded in Deed Volume 447, Page 694, 697, as recorded
in the Ashland County Recorder’s Records, passing thru ½ inch rebars found at
299.70 feet and 330.01 feet, a total distance of 368.76 feet to a ½ inch rebar
found;
Thence Southwesterly
along the South line of said Xxxxx lands, along a curve to the left, having an
arc length of 344.37 feet, a radius of 392.45 feet, a delta angle of 50 degrees
16’ 36”, a chord bearing South 65 degrees 57’ 47” West with a chord length of
333.43 feet to a point, referenced by a ½ inch pipe found, South 40 degrees 49’
08” West, 8.91 feet;
Thence South 40
degrees 49’ 08” West along the South line of said Xxxxx lands, a distance of
8.91 feet to a point on the West line of said Xxxxx lands;
Thence South 01
degrees 05’ 56” East a distance of 45.18 feet to a mag nail set on the
centerline of Xxxxx Xxxxx 00 (Xxxxxx Xxxxxx);
Thence South 48
degrees 32’ 51” East along the centerline of State Route 60 (Center Street), a
distance of 29.82 feet to a mag nail set at the point of beginning of the parcel
herein described;
Thence North 40
degrees 49’ 08” East a distance of 42.85 feet to a REL Survey Marker set on the
Southerly line of 60.00 foot wide ingress/egress easement;
Thence Northeasterly
along the Southerly line of said 60.00 foot wide ingress/egress easement, along
a curve to the right, having an arc length of 197.49 feet, a radius of 332.45
feet, a delta angle of 34 degrees 02’ 10”, a chord bearing North 57 degrees 50’
34” East, with a chord length of 194.60 feet to a REL Survey Marker
set;
Thence South 48
degrees 04’ 05” East a distance of 176.92 feet to a REL Survey Marker
set;
B-4
Thence South 42
degrees 07’ 09” West, passing thru a survey marker set at a distance of 200.00
feet, a total distance of 230.00 feet to a mag nail set on the centerline of
Xxxxx Xxxxx 00 (Xxxxxx Xxxxxx);
Thence North 47
degrees 52’ 51” West along the centerline of Xxxxx Xxxxx 00 (Xxxxxx Xxxxxx), a
distance of 165.35 feet to a mag nail set;
Thence North 48
degrees 32’ 51” West along the centerline of State Route 60 (Center Street), a
distance of 63.33 feet to the mag nail set at the point of beginning, containing
1.141 acres of land, more or less, subject to all highways, easements and use
restrictions of records.
B-5
Parcel
No. 5
Aetna
Substation Additional Land
PARCEL
1:
Situated in the City
of Akron, County of Summit and State of Ohio: and known as being a part of Lot
No. 7, bounded and described as follows:
Beginning at a point
standing 3 chains easterly from the Northeast corner of the point of
intersection of Walnut Street with an alley (said alley now known as Aetna
street) 45 links wide; said alley (now known as Aetna street) running South 61°
1’ East from said Walnut Street; thence North 28½° East on a marked line 3
chains to a post; thence South 61½° East one chain to a post; thence South
28½° West on a marked line 3 chains to a post standing on the northerly
side of said alley (now known as Aetna Street); thence North 61½° West one chain
to the place of beginning and containing 0.31 of an acre of
land. Said land is now listed as the whole of Lot No. 11 in an
allotment known as the unknown allotment, lying South of North street between
Walnut Street and the Ohio Canal.
PARCEL
2:
Situated in the City
of Akron, County of Summit and State of Ohio: and known as being a part of Tract
7 in said city (formerly Portage Township), and bounded and described as
follows:
Beginning at a post
standing in the easterly line of North Walnut Street and 87 links southerly from
the intersection of same easterly line with the South line of North Street
so-called; thence South 61½°. East on a marked line 3 chains to a
post; thence South 28½° West on a marked line 1 chain to a post; thence
North 61½° West along a marked line 3 chains to the easterly line of Walnut
Street; thence North along said easterly line of Xxxxxx Xxxxxx 0 chain to the
place of beginning and containing 0.30 acre of land, and known as Xxx Xx. 00 of
the unknown Block King’s addition.
PARCEL
3:
Situated in the City
of Akron, County of Summit and State of Ohio: and known as being part of Tact 7
in said City of Akron, and bounded and described as follows:
Beginning in the
easterly line of Walnut Street at a point 1 chain and 87 links southerly from
the intersection of said easterly line with the South line of North Street;
thence South 61°East in marked line 3 chains to a post; thence South 28½° West
on a marked line 1 chain to a post; thence North 61½° West along a marked
line 3 chains to the easterly line of said Walnut Street; thence North 38° East
along the easterly line of Walnut Street to the place of beginning and
containing 0.30 of an acre of land, be the same more or less, but subject to all
legal highways.
X-0
Xxxxxx
Xx. 0
Xxxx
Xxxxxx Substation
Situated in the
Township of Franklin, County of Richland, State of Ohio and being a part of the
Northwest Quarter of Section 21, Township 22, and Range 18 and being more
particularly described as follows:
Beginning at a
railroad spike found at the southwest corner of the Northwest Quarter of Section
21, said point also being on the centerline of Xxxxxxxxxx Road (T.H.
234);
Thence North 00°
47’01” East with the centerline of Xxxxxxxxxx Road (T.H. 234) and the west line
of the Northwest Quarter of Section 21, a distance of 208.71 feet to a mag nail
set;
Thence North
88°44’39” East, passing thru a survey marker set at a distance of 20.01 feet, a
total distance of 208.84 feet to a survey marker set;
Thence South
00°47’01” West a distance of 208.71 feet to a survey marker set on the north
property line of lands now or formerly owned by C.&S. Xxxxxxxx as recorded
in Official Record Volume 464, Page 961 of the Richland County Recorders
records;
Thence South
88°44’39” West along the north property line of said Xxxxxxxx lands, passing
thru a “Xxxxx” survey marker found at a distance of 178.90 feet, a total
distance of 208.84 feet to the railroad spike found at the point of beginning,
containing 1.000 acre of land, more or less, subject to all highways, easements
an use restrictions of record.
This description is
based on an actual field survey. Bearings are grid bearings
originating on Richland County Goedetic Monuments 8220A, 8221A, 8222A and are
based on the Ohio State Plan Coordinate System, North Zone, and the North
American Datum of 1983(95).
Survey markers set
are 5/8” x 30” long rebar with cap stamped “Richland Eng. RLS
7209”.
Deed Reference:
Official Record Volume 772, Page 737.
B-7
Parcel
No. 7
Grill
Substation
Situated in the
State of Ohio, County of Xxxxx, and Township of Chippewa and being part of the
Northeast Quarter of Section 12(T-18 N, R-11 W) and further known as being part
of a tract of land conveyed to Xxxxx Farms by Deed Vol. 206, Pg. 838 of the
Xxxxx County Deed Records, described as follows:
Beginning at 5/8
inch rebar with cap marked “Xxxxxxxx” found at the Northwest corner of the
Northeast Quarter of said Section 12; thence South 88 degrees 20 minutes 10
seconds East along the northerly line of said Section a distance of 1307.04 feet
to a 5/8 inch rebar found at the northeasterly corner of land conveyed to Xxxx
X. Xxxxxxx, Trustee, by Volume 659 Page 318 of the Xxxxx County Deed Records;
thence South 02 degrees 56 minutes 00 seconds West along the easterly line of
said Xxxx X. Xxxxxxx a distance of 1321.29 feet to a 5/8 inch rebar with cap set
and the true point of
beginning;
1.
|
thence South
83 degrees 35 minutes 57 seconds East a distance of 200.00 feet to a 5/8
inch rebar with cap set;
|
2.
|
thence South
02 degrees 56 minutes 00 seconds West a distance of 260.00 feet to the
centerline of Grill Road, T.R. 63, a 60 foot public right of way, passing
through a 5/8 inch rebar with cap set at a distance of 229.95
feet.
|
3.
|
thence North
83 degrees 35 minutes 57 seconds West along the centerline of said Grill
Road a distance of 200.00 feet to a railroad spike found on the westerly
line of land conveyed to said Xxxx X.
Xxxxxxx;
|
4.
|
thence North
02 degrees 56 minutes 00 seconds East along the easterly line of said Xxxx
X. Xxxxxxx a distance of 260.00 feet to the true point of
beginning.
|
The
above described tract of land contains 51904.80 square feet of 1.192 acres, of
which 0.138 acres lie in the right of way of Grill Road as surveyed under the
direction of Xxxxxxx X. Xxxxxx, P.S. 7495, Xxxxxxxx & Associates, Inc. of
Cuyahoga Falls, Ohio in December of 2005. Basis of bearings is South
02 degrees 56 minutes 00 seconds West, the easterly line of Xxxx X. Xxxxxxx, Tr.
as recorded in Deed Volume 659, Page 318 of the Xxxxx County Recorder’s
Office. Subject to all easements and right of ways of public record
or as otherwise legally established.
X-0
Xxxxxx
Xx. 0
Xxxxxxxx
Xxxx Substation
Situated in the
Township of Millcreek, County of Union and State of Ohio and being more fully
described as follows:
Being 3¼ acres off
the west side of XxXxxxxxx’x land which lies immediately east of the Xxxxxx
Xxxxxx tract of 8.50 acres in Millcreek Township, Union Co., Ohio, and part of
V.M.S. #5477. Said 3¼ acres shall be surveyed so as to produce 3 net
acres from XxXxxxxxx’x land and ¼ acre now in the name of Xxxxxxxx which was
mistakenly not transferred from the Xxxxxxxx estate to XxXxxxxxx’x chain of
title and is now subject of a real estate tax foreclosure. Said
premises shall be surveyed by creating enough road frontage on County Road 18 as
to produce 3¼ acres. The east line of said 3¼ acres shall
be parallel with the Xxxxxx Xxxxxx east line. The north line of said
3¼ acres shall be a line that an extension eastward of the Xxxxxx Xxxxxx
furthest north line approximately parallel to the road shall
produce. It is acknowledged that the parties hereto cannot determine
if the Xxxxxx Xxxxxx east line is straight or if there is a jog therein, but in
either case, said premises are more specifically described by new survey as
follows:
Real estate situated
in the State of Ohio, County of Union, Township of Millcreek, being a part of
V.M.S. No. 5477, and bounded and described as follows:
Beginning at a point
in the center of the Xxxxxxxx Road (C.H. No. 18-A), said point bears with said
road centerline North 88° 30’ West 1778.30 feet from the center of the Xxxx Road
(C.H. No. 19-D), said point being the southeasterly corner of the Xxxxxx Xxxxxx
8.50 acre tract described in Union County Deed Record Volume 88, Page 591;
thence with tree consecutive lines along said 8.50 acre tract North 8°33’ West
(passing over an iron pin at 20 feet) 368.42 feet to an iron pin, North 80°16’
East 154.25 feet to an iron pin at a corner post, and North 6°24’ West 386.00
feet to an iron pin at a corner post; thence North 82°40’ East 107.94 feet to an
iron pin; thence South 6°24’ East (passing over an iron pin at 779.43 feet)
799.43 to a point in the center of said Xxxxxxxx Road; thence with the
centerline of said road North 88°3’ West 250.49 feet to the point of
beginning.
Containing 3.25
acres, more or less, but subject to the legal road right of way and to all other
easements or record.
The
above description prepared by J. Xxxxxx Xxxx, Registered Surveyor No. 3802, from
an actual survey of the premises made February 19, 1977. The above
described tract contains the 1.25 acre tract described in Union County Deed
Record Volume 243, Page 162, the 15 foot lane described in Volume 254, Page 119
and 120, and 1.70 acre out of the 85.65 acre tract described in Volume 243,
Pages 162 and 163.
B-9
Parcel
No. 9
Lais
Substation
Situated in the City
of Norwalk, County of Huron and State of Ohio and being a part of Great Lot
Number 9 and Number 10, Section 3, Township 4 North, Range 22 West, a tract of
land bounded and described as follows:
Commencing at the
southwest corner of Great Lot Number 10; thence along the west line of Great Lot
Number 10 also being the centerline of State Route Number 000 (Xxxxx Xxxxxx),
Xxxxx 00 degrees 17 minutes 00 seconds East a distance of 134.00 feet; thence
South 89’ degrees 14 minutes 49 seconds East a distance of 30.58 feet to an iron
pin set on the easterly right of way line of State Route Number 250 (Milan
Avenue) and being the Principal point of beginning of the tract of land to be
herein described; thence from the above described Principal point of beginning
and along the south line of 0.360 acre tract of land as described in Deed Volume
326, Page 435 of the Huron County Deed Records, South 89 degrees 14 minutes 49
seconds East a distance of 136.79 feet to a ½ in rebar found on the westerly
right of way of the abandoned Wheeling and Lake Erie Railroad; thence along the
westerly right of way line of the abandoned Wheeling and Lake Erie Railroad,
also being the west line of a tract of land owned by the City of Norwalk, as
described in Deed Volume 424, Page 152 of the Huron County Deed Records, South
06 degrees 00 minutes 13 seconds East a distance of 300.68 feet to a 5/8 inch
rebar with cap stamped “Xxxxx” found marking the northeast corner of a 1.575
acre tract of land as described in Deed Volume 417, Page 299 of the Huron County
Deed Records; thence along the north line of said 1.1575 acre tract North 87
degrees 52 minutes 44 seconds West a distance of 205.16 feet to an iron pin set
marking the southeast corner of a tract of land as deeded to the State of Ohio
in Deed Volume 406, Page 681 of the Huron County Deed Records; thence along the
easterly right of way line of State Route Number 250 (Milan Avenue) the
following courses: North 17 degrees 52 minutes 41 seconds East a distance of
28.08 feet to an iron pin set; thence North 43 degrees 18 minutes 26 seconds
East a distance of 23.85 feet to an iron pin set; thence South 79 degrees 43
minute 00 seconds East a distance of 27.00 feet to an iron pin set; thence North
10 degrees 17 minutes 00 seconds East a distance of 30.00 feet to an iron pin
set; thence North 79 degrees 43 minutes 00 seconds West a distance of 29.00 feet
to an iron pin set; thence North 23 degrees 24 minutes 24 seconds West a
distance of 32.45 feet to an iron pin set; thence continuing along the easterly
right of way line of State Route Number 000 (Xxxxx Xxxxxx), Xxxxx 00 degrees 17
minutes 00 seconds East a distance of 143.00 feet to an iron pin set;
thence North 04 degrees 55 minutes 20 seconds West a distance of
48.98 feet to the Principal point of beginning and containing 1.0893 acres of
land more or less, of which 0.6513 acre lies in Great Lot #9 and 0.4380 acre
lies in Great Lot #10.
NOTE: The
bearings in this legal description are based upon an assumed meridian and are
used only for the purpose of describing angular measurements, with the
centerline of State Route Number 250 (Milan Avenue) bearing North 10 degrees 17
minutes 00 seconds East based on an actual field survey made by Xxxx X. Xxxx,
P.S. #7384 on May 6, 1998. I.P. set equals ½” x 30” Rebar with
Xxxxxxxx Associates’ cap.
X-00
Xxxxxx
Xx. 00
Legend
Substation
Situated in the City
of Massillon, County of Xxxxx and State of Ohio:
Known as and being
Lot No. 17174 in the
City of Massillon, containing 0.875 acres, as shown on the
Dedication and Replat of Part of Out Lots 560, 561 and 566 and recorded as
Instrument No. 200609120056305 of the Xxxxx County Official
Records.
X-00
Xxxxxx
Xx. 00
Xxxxx
Xxxx Xxxxxx Substation
Situated in the
Township of Put-in-Bay, County of Ottawa and State of Ohio, and known as being
part of Original Xxx Xx. 00, Xxxxx xx xxx Xxxxxx Xxxx on the Island of South
Bass, and bounded and described as follows:
Beginning at a
railroad spike found on the centerline of Xxxxxxx Xxxx, 00 feet wide, at its
intersection with the centerline of Xxx-xx-Xxx Xxxx, 00 feet wide, which point
is distant S. 38d 58’ 20” W., measured along said centerline 15.00 feet from
Northeasterly line of said Original Lot No. 24;
Thence S. 38d 58’
20” W., along the centerline of Langram Road, a distance of 799.27
feet;
Thence N. 53d 01’
46” W., a distance of 129.31 feet;
Thence N. 55d 52’
02” W., a distance of 99.46 feet;
Thence S. 41d 46’
14” W., a distance of 230.11 feet;
Thence S. 44d 38’
03” E., a distance of 7.51 feet;
Thence S. 44d 57’
11” W., a distance of 10.00 feet to a 5/8” capped (Xxxxx Eng) iron pin set at
the principal place of beginning;
Thence S. 44d 38’
03” E., a distance of 115.89 feet to a 5/8” capped (Xxxxx Eng) iron pin
set;
Thence S. 44d 57’
11” W., a distance of 90.15 feet to a 5/8” capped (Xxxxx Eng) iron pin
set;
Thence S. 44d 38’
03” W., a distance of 115.89 feet t a 5/8” capped (Xxxxx Eng) iron pin
set;
Thence N. 44d 57’
11” E., a distance of 90.15 feet to the principal place of beginning, and
containing 0.2398 acres (10,447 square feet) of land, according to a survey by
The Xxxxx X. Xxxxx Engineering Company, Xxxxxx X. Xxxxxx, Registered Surveyor
No. S-8028, dated November, 2006, be the same more or less, but subject to all
legal highways and easements of record.
TOGETHER WITH AN
INGRESS-EGRESS EASEMENT AS DESCRIBED BELOW:
Situated in the
Township of Put-in-Bay, County of Ottawa and State of Ohio, and known as being
part of Original Xxx Xx. 00, Xxxxx xx xxx Xxxxxx Xxxx on the Island of South
Bass, and bounded and described as follows:
Beginning at a
railroad spike found on the centerline of Xxxxxxx Xxxx, 00 feet wide, at its
intersection with the centerline of Xxx-xx-Xxx Xxxx, 00 feet wide, which point
is distant S. 38d 58’ 20” W., measured along said centerline 15.00 feet from
Northeasterly line of said Original Lot No. 24;
Thence S. 38d 58’
20” W., along the centerline of Langram Road, a distance of 836.14
feet;
Thence N. 47d 40’
38” W., a distance of 20.03 feet to the Northwesterly line of Langram Road and
the principal place of beginning;
Thence continuing N.
47d 40’ 38” W., a distance of 107.31 feet;
Thence N. 55d 52’
02” W., a distance of 42.87 feet;
B-12
Thence S. 82d 54’
52” W., a distance of 52.31 feet;
Thence S. 41d 46’
14” W., a distance of 185.06 feet;
Thence S. 44d 38’
03” W., a distance of 18.09 feet;
Thence S. 44d 57’
11” E., a distance of 10.00 feet;
Thence N. 44d 38’
03” W., a distance of 7.51 feet;
Thence N. 41d 46’
14” E., a distance of 230.11 feet;
Thence S. 55d 52’
02” E., a distance of 99.46 feet;
Thence S. 53d 01’
46” E. a distance of 109.30 feet to the Northwesterly line of Langram
Road;
Thence S. 38d 58’
20” W., along the Northwesterly line of Langram Road, a distance of 35.00 feet
to the principal place of beginning, and containing 11,725 square feet of land,
be the same more or less, but subject to all legal highways and easements of
record.
All
bearings are based on Langram Road having a bearing of N. 38d 58’ 20” E., and
are used to denote angles only.
X-00
Xxxxxx
Xx. 00
Xxxxx
Substation
Being situated in
the State of Ohio, County of Erie, Xxxxxxx Township, Section No. 2,860 Acre
Tract, Part of Lot No. 3 and being more definitely described as
follows:
Commencing at a
point, marking the intersection of the centerline of State Route 2 with the
centerline of Xxxxxxxx Road; Thence North 03°50’38” West along the centerline of
Xxxxxxxx Road, a distance of 161.03 feet to a point on the North line of State
Route 2; Thence South 79°40’52” West along the North line of State Route 2, a
distance of 201.03 feet to a point; Thence South 73°39’04” West continuing along
said North line, a distance of 95.45 feet to a point; Thence South 78°24’46”
West continuing along said North line, a distance of 536.84 feet to a point;
Thence South 81°18’23” West continuing along said North line, a distance of
622.75 feet to a point; Thence North 03°08’16” West along the East line of a
parcel owned by Park Place Enterprises II LTD. (RN 200210089), a distance of
20.09 feet to the point of beginning;
(1)
|
Thence North
03°08’16” West continuing along said East line, a distance of 80.38 feet
to a point, marking the Southwest corner of a parcel owned by Xxxxxxxxx
& Xxxxx (BV 2 PG 599);
|
(2)
|
Thence North
81°18’23” East along the South line of said Xxxxxxxxx & Xxxxx parcel,
a distance of 175.00 feet to a
point;
|
(3)
|
Thence South
03°08’16” East a distance of 80.38 feet to a
point;
|
(4)
|
Thence South
81°18”23” West a distance of 175.00 feet to the point of beginning,
containing 0.3214 acre, more or less, but being subject to all legal
highways, easements and restrictions of
record.
|
Reserving, however,
unto the Grantor, its successors and assigns, an easement for ingress-egress, as
set forth below:
Being situated in
the State of Ohio, County of Erie, Xxxxxxx Township, Section No. 2, 860 Acre
Tract, Part of Lot No. 3 and being more definitely described as
follows:
Commencing at a
point, marking the intersection of the centerline of State Route 2 with the
centerline of Xxxxxxxx Road; Thence North 03°50’38” West along the centerline of
Xxxxxxxx Road, a distance of 161.03 feet to a point on the North line of State
Route 2; Thence South 79°40’52” West along the North line of State Route 2, a
distance of 201.03 feet to a point; Thence South 73°39’04” West continuing along
said North line, a distance of 95.45 feet to a point; Thence South 78°24’46”
West continuing along said North line, a distance of 536.84 feet to a point;
Thence South 81°18’23” West continuing along said North line, a distance of
622.75 feet to a point; Thence North 03°08’16” West along the East line of a
parcel owned by Park Place Enterprises II LTD. (RN 200210089), a distance of
20.09 feet to the point of beginning;
(1)
|
Thence North
03°08’16” West continuing along said East line, a distance of 15.07 feet
to a point;
|
(2)
|
Thence North
81°18’23” East a distance of 175.00 feet to a
point;
|
(3)
|
Thence South
03°08’16” East a distance of 15.07 feet to a
point;
|
(4)
|
Thence South
81°18’23” West a distance of 175.00 feet to the point of beginning,
containing 2637 square feet, more or
less.
|
X-00
Xxxxxx
Xx. 00
Xxxxxxxxxxxxxxx
Substation
Situated in the
County of Mahoning, State of Ohio, and Township of Green and known as being lot
No. 2 of the newly renamed Xxxxxx X. Xxxx plat No. 2 recorded in book 115, page
169 of Mahoning County records of plats.
X-00
Xxxxxx
Xx. 00
Xxxx
Xxxxx Substation
Situated in the
Township of Xxxxxx, County of Xxxxxx and State of Ohio: and known as being a
part of lots 6 and 15 in said Township, and bounded and described as
follows:
Beginning at the
Southwest corner of lot 6; thence North in the center line of Ridge Rd., S.R.
94, a distance of 255.45 feet; thence N. 89°17’ E. a distance of 459.0 feet;
thence South a distance of 284.75 feet; thence S. 89°17’ W, a distance of 459.0
feet to the center of Ridge Rd. S.R. 94; thence North in said road a distance of
29.3 feet to the place of beginning, and containing within said boundaries 3.00
acres of land, there being 2.69 acres in lot 6, and .31 of an acre in lot 15, as
surveyed by X. X. Xxxxxxx, Registered Surveyor No. 578, be the same more or
less, but subject to all legal highways.
Except restrictions,
conditions and easements of record, and zoning ordinances.
X-00
Xxxxxx
Xx. 00
Xxx
Substation
Situated in the
Township of Montville, County of Xxxxxx, and State of Ohio and being part of
Original Lot 61 of said Township and further known as being part of a tract of
land conveyed on April 3, 1985 to Xxxxxxx X. Xxxxx and Xxxxx X. Xxxxx by
Official Record 245, Page 916 of the Xxxxxx County Recorder’s Office, described
as follows:
Beginning at a ¼
inch bar found 4 inches deep at the centerline intersection of Xxx Road, C.H.
71, a 60 foot public right of way, with Xxxxxxxxx Xxxx, xxxxxxxx Xxxxx Xxxxxxx
000 now S.R. 57, a variable width public right of way; thence North 00 degrees
53 minutes 41 seconds East along the original centerline tangent of State Route
57 a distance of 817.00 feet to a point; thence North 16 degrees 13 minutes 19
seconds West continuing along the original centerline tangent of said Xxxxx
Xxxxx 00 a distance of 330.14 feet to a point; thence North 27 degrees 58
minutes 57 seconds West continuing along the original centerline tangent of said
Xxxxx Xxxxx 00 a distance of 258.78 feet to a 5/8 inch rebar 30 inches long with
yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.,” set 160.00 feet left of
centerline Station 805+11.87 of Interstate Route 71 as recorded in Plat Book 7,
Page 99 as Med-S.R.1, of the Xxxxxx County Recorder’s Office and the true point of
beginning;
Thence North 27
degrees 58 minutes 57 seconds West continuing along the original centerline
tangent of said Xxxxx Xxxxx 00 a distance of 19.73 feet to a 5/8 inch rebar 30
inches long with yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.”
set;
Thence North 35
degrees 02 minutes 54 seconds West continuing along the original centerline
tangent of said Xxxxx Xxxxx 00 a distance of 500.26 feet to a 2 inch mag nail
set in asphalt;
Thence North 53
degrees 46 minutes 28 seconds East a distance of 130.00 feet to a 5/8 inch rebar
30 inches long with yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.” set,
passing through 5/8 inch rebar 30 inches long with yellow plastic cap marked
“Xxxxxxxx & Assoc., Inc.” set at a distance of 54.61 feet;
Thence South 35
degrees 02 minutes 54 seconds East a distance of 230.66 feet to a 5/8 inch rebar
30 inches long with yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.”
set;
Thence North 53
degrees 46 minutes 28 seconds East a distance of 85.85 feet to a 5/8 inch rebar
30 inches long with yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.”
set;
Thence North 25
degrees 09 minutes 05 seconds East a distance of 181.16 feet to a 5/8 inch rebar
30 inches long with yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.”
set;
Thence South 64
degrees 50 minutes 55 seconds East a distance of 175.00 feet to a 5/8 inch rebar
30 inches long with yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.” set
on the westerly limited access right of way of said Interstate Route 71, being
182.86 feet left of Sta. 810+28.61 of centerline of said Interstate Route
71;
Thence South 25
degrees 09 minutes 05 seconds West along said westerly limited access right of
way line a distance of 229.75 feet to a 5/8 inch rebar 30 inches long with
yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.” set 160.00 feet left of
centerline Station 808+00 of said Xxxxxxxxxx Xxxxx 00;
Thence South 30
degrees 51 minutes 43 seconds West along the westerly limited access right of
way line of said Xxxxxxxxxx Xxxxx 00 a distance of 288.13 feet to the true point of
beginning.
B-17
The
above described tract of land contains an area of 122,586.9 square feet or
2,8142 acres as surveyed under the direction of Xxxxxxx X. Xxxxxx, P.S. 7495,
Xxxxxxxx & Associates, Inc. of Cuyahoga Falls, Ohio in September of
2004. Basis of bearings is Grid North, Ohio State Plane Coordinate
System, North Zone, Nad 83. Subject to all easements and right of
ways of public record or as otherwise legally established. Of the
total acreage 0.7933 acres lie in the right xx xxx xx Xxxxx Xxxxx
00.
The
Grantors specifically reserve for themselves a portion of the Xxx Substation
property described below:
Situated in the
Township of Montville, County of Xxxxxx, and State of Ohio and being part of
Original Lot 61 and part of Original Lot 52 of said Township and further known
as being part of a tract of land now or formerly conveyed April 3, 1985 to
Xxxxxxx X. Xxxxx and Xxxxx X. Xxxxx by Official Record 245, Page 916, of the
Xxxxxx County Recorder’s Records, described as follows:
Beginning at a ¼
inch bar found 4 inches deep at the centerline intersection of Xxx Road, C.H. 71
a 60 foot public right of way, with Xxxxxxxxx Xxxx, xxxxxxxx Xxxxx Xxxxxxx 000
now state Route 57, a variable width public right of way; thence North 00
degrees 53 minutes 41 seconds East along the original centerline tangent of
State Route 57 a distance of 817.00 feet to a point; thence North 16 degrees 13
minutes 19 seconds West continuing along the original centerline tangent of said
Xxxxx Xxxxx 00 a distance of 330.14 feet to a point; thence North 27 degrees 58
minutes 57 seconds West continuing along the original centerline tangent of said
Xxxxx Xxxxx 00 a distance of 258.78 feet to a 5/8 inch rebar 30 inches long with
yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.” set 160.00 feet left of
Station 805+11.87 of Interstate Route 71 stationing as recorded in Plat Book 7,
Page 99 as Med – S.R.I of the Xxxxxx County Recorder’s Office; thence North 27
degrees 58 minutes 57 seconds West continuing along the original centerline
tangent of said State Route 57, a distance of 19.73 feet to a 5/8 inch rebar 30
inches long with yellow plastic cap marked “Xxxxxxxx & Assoc., Inc.” set;
thence North 35 degrees 02 minutes 54 seconds West continuing along the original
centerline tangent of said Xxxxx Xxxxx 00 a distance of 437.38 feet to the true
point of
beginning;
Thence continuing
North 35 degrees 02 minutes 54 seconds West continuing along the original
centerline tangent of said State Route 57, and the westerly line of a 2.8142
acre parcel a distance of 20.03 feet to a point;
Thence North 51
degrees 44 minutes 36 seconds East a distance of 130.18 feet to a point on a
northeasterly line of said 2.8142 parcel;
Thence South 35
degrees 02 minutes 54 seconds East along the northeasterly line of said 2.8142
acre parcel a distance of 20.03 feet to appoint;
Thence South 51
degrees 44 minutes 36 seconds West a distance of 130.18 feet to the true point
of beginning;
The
above described tract of land contains an area of 2603.5 square feet or 0.0597
acres as surveyed under the direction of Xxxxxxx X. Xxxxxx, P.S. 7495, Xxxxxxxx
& Assoc., Inc. of Cuyahoga Falls, Ohio in September of
2004. Basis of bearings is Grid North, Ohio State Plane Coordinate
System, North Zone, Nad 83. Subject to all easements and right of
ways of public record or as otherwise legally established.
X-00
Xxxxxx
Xx. 00
Xxxxxxx
Xxxxxxxxxx
Situated in the City
of Alliance, County of Xxxxx, and State of Ohio, and being part of Lot 11181 of
said City of Alliance, and further known as being a tract of land conveyed to
Xxxxxx X. XxXxxxxx and Xxxxx X. Xxxxxx by Instruction 97005344 of the Xxxxx
County Deed Records, and further known as being formerly part of Xxxx Street, a
40 foot public right of way, described as follows:
Beginning at a 1-1/4
inch pipe found at the northeasterly corner of Alliance City Lot No. 10741, the
true point of
beginning;
1.
|
thence North
89 degrees 30 minutes 32 seconds West along the southerly line of said
former Xxxx Street and the northerly line of said Alliance City Lot No.
10741 a distance of 199.88 feet to a 5/8 inch rebar with cap set on the
easterly line of Xxxxxxx Avenue, a 50 foot public right of
way;
|
2.
|
thence North
00 degrees 00 minutes 49 seconds West along the easterly line of said
Xxxxxxx Avenue a distance of 40.00 feet to a 5/8 inch rebar with cap
set;
|
3.
|
thence South
89 degrees 30 minutes 32 seconds East along the northerly line of former
Xxxx Street a distance of 230.82 feet to 5/8 inch rebar with cap
set;
|
4.
|
thence South
00 degrees 09 minutes 44 seconds West a distance of 40.00 feet to a point
on the southerly line of said Xxxx Street, passing through a ¾ inch pinch
pipe found at a distance of 39.90
feet;
|
5.
|
thence North
89 degrees 30 minutes 32 seconds West along the southerly line of said
Xxxx Street and the northerly line of part of City Out No. 330 a distance
of 30.81 feet to the point of
beginning.
|
The
above described tract of land contains an area of 9230.21 square feet or 0.212
acres as surveyed under the direction of Xxxxxxx X. Xxxxxx, P.S. 7495, Xxxxxxxx
& Associates, Inc. of Canton and Cuyahoga Falls, Ohio in September of
2005. Basis of bearings is due North, the easterly line of City Lots
10746, 10745, 10744, 10743, 10742 and 10741 per Instrument No. 97005344 of the
Xxxxx County Recorder’s office. Subject to all easements and right of
ways of public record or as otherwise legally established. 5/8 inch rebar to be
set as called for upon approval.
Subject to
Non-Development Oil & Gas Lease to Everflow Eastern, Inc., recorded in
Volume 648, Page 889, of the Xxxxx County Records.
X-00
Xxxxxx
Xx. 00
Xxxxx
Xxxxxx Service Building (additional land)
(a/k/a
Youngstown Service Building)
PARCEL
1:
Situated in the City
of Youngstown, County of Mahoning and State of Ohio:
And
known as being Youngstown City Lot No. 6493 formerly part of Sub Lot No. 5 in
Xxxxx Xxxxxxxxxx’x Addition to Youngstown, as shown by the recorded plat of
subdivision in Volume 1 of Maps page 191 Mahoning County Records.
Said Youngstown City
Lot No. 6493 has a frontage of 36.5 feet on northerly line of Xxxxx Street and
extends back between parallel lines 145.2 feet on easterly line, 145.2 feet on
westerly line and has a rear line of 36.5 feet as appears by said
plat.
Subject to a certain
perpetual easement and right of way for public highway and road purposes as
described in Easement Record Book 9, Page 585 Mahoning County Records, be the
same more or less but subject to all legal highways.
Permanent Parcel
Number: 53-047-0-652.00
PARCEL
2:
Situated in the City
of Youngstown, County of Mahoning and State of Ohio:
And
known as being City Lot No. 6492 and being east part of Lot No. 5 as shown in
Xxxxx Xxxxxxxxxx’x Plat of Lots surveyed October 19, 1869 and recorded in
Mahoning County Records of Plats, Volume 1 Page 191. Said Lot No.
6492 hereby conveyed is bounded as beginning at a point in north line of Xxxxx
Street and west line of City Lot No. 6491; thence north along said west line of
City Lot No. 6491 145.24 feet to south line of Outlot No. 341; thence west along
said line, 36.43 feet to east line of City Lot No. 6493; thence south along said
line, 145.24 feet to north line of Xxxxx Street; thence east along said line,
36.43 feet to point of beginning, be same more or less but subject to all legal
highways.
Permanent Parcel
Number : 53-047-0-653.00
X-00
Xxxxxx
Xx. 00
Xxx
Xxxxx Xxxx Substation
Situated in the
Township of Brimfield, County of Portage and State of Ohio, and being part of
Original Lot No. 56, and further known as being part of a parcel land conveyed
to Xxxxxx X. Xxxx by Document No. 200210977 of the Portage County Recorder’s
Records, described as follows:
Beginning at a ¾
inch bar bound at the northwesterly corner of said Original Lot No. 56; thence
South 89 degrees 59 minutes 46 seconds East along the northerly line of said Xxx
Xx. 00 and the centerline of Old Forge Road, C.H. 82-A, a 60 foot public right
of way, a distance of 1276.38 feet to the true point of beginning, witnessed by
a 5/8 inch rebar with cap set South 00 degrees 00 minutes 14 seconds West at a
distance of 30.00 feet;
Thence continuing
South 89 degrees 59 minutes 46 seconds East along the centerline of said Old
Forge Road a distance of 150.00 feet to a point witnessed by a 5/8 inch rebar
with cap set South 00 degrees 00 minutes 14 seconds West at a distance of
30.00;
Thence South 00
degrees 00 minutes 14 seconds West a distance of 210.00 feet to a 5/8 inch rebar
with cap set, passing through said 5/8 inch rebar with cap set at a distance of
30.00 feet;
Thence North 89
degrees 59 minutes 40 seconds West a distance of 150.00 feet to a 5/8 inch rebar
with cap set;
Thence North 00
degrees 00 minutes 14 seconds East a distance of 210.00 feet to the true point
of beginning passing through said 5/8 inch rebar with cap set at a distance of
180.00 feet;
The
above described tract of land contains an area of 31500 square feet or 0.723
acres of which 0.103 acres lies in the public right of way as surveyed under the
direction of Xxxxxxx X. Xxxxxx, PS 7495, Xxxxxxxx & Associates, Inc. of
Cuyahoga Falls, Ohio in January of 2007. Basis of bearings is Ohio
State Plane Coordinate System NAD 83(1986), 5/8 inch rebar with yellow plastic
cap set at corners unless noted. Subject to all easements and right
of ways of public record or as otherwise legally established.
B-21