Exhibit 4.2
_____________________________________________________________________________________
_____________________________________________________________________________________
INTERSTATE POWER AND LIGHT COMPANY
(formerly known as IES Utilities
Inc.,
formerly known as Iowa Electric Light and Power
Company)
TO
J.P. MORGAN TRUST COMPANY, NATIONAL
ASSOCIATION
Successor Trustee
__________________________
Sixty-fourth Supplemental
Indenture
Dated as of June 9, 2005
__________________________
SUPPLEMENTAL TO
INDENTURE OF MORTGAGE AND DEED OF
TRUST
DATED AS OF AUGUST 1, 1940
_____________________________________________________________________________________
THIS SIXTY-FOURTH SUPPLEMENTAL
INDENTURE, dated as of June 9, 2005, between INTERSTATE POWER AND
LIGHT COMPANY (formerly known as IES Utilities Inc., formerly known
as Iowa Electric Light and Power Company), a corporation organized
and existing under the laws of the State of Iowa (hereinafter
called the “Company”), and J.P. MORGAN TRUST COMPANY,
NATIONAL ASSOCIATION, as successor Trustee, a national banking
association organized and existing under the laws of the United
States of America.
W I T N E S S E T H:
WHEREAS, the Company has heretofore
executed and delivered its Indenture of Mortgage and Deed of Trust,
dated as of August 1, 1940 (hereinafter called the “Original
Indenture”), to the Trustee to secure the first mortgage
bonds (herein sometimes referred to as “first mortgage
bonds”) of the Company, issuable in series; and
WHEREAS, the Company thereafter
executed and delivered certain Supplemental Indentures, First
through Sixty-third, inclusive, for the various purposes of
creating additional series of first mortgage bonds, conveying and
confirming unto the Trustee certain additional property, correcting
the description of a certain parcel of land as set forth in the
Original Indenture and amending the Original Indenture in certain
respects (the Original Indenture and the above referred to
Supplemental Indentures together with this Sixty-fourth
Supplemental Indenture being herein sometimes collectively referred
to as the “Indenture”); and
WHEREAS, there have been issued and
are now outstanding under the Indenture the following described
first mortgage bonds:
|
First Mortgage Bonds
|
Principal Amount
|
|
Collateral Series A due 2008
|
$50,000,000
|
|
Collateral Series B due 2023
|
$50,000,000
|
|
Collateral Series D due 2006
|
$60,000,000
|
|
Collateral Series E due 2007
|
$55,000,000
|
WHEREAS, the Original Indenture in
Section 158 provides that the Company, when authorized by
resolution of the Board, and the Trustee, may at any time, subject
to the restrictions in the Original Indenture contained, enter into
such an indenture supplemental to the Original Indenture as may or
shall be by them deemed necessary or desirable for the purpose of
creating any new series of first mortgage bonds or of adding to the
covenants and agreements of the Company in the Original Indenture
contained, other covenants and agreements thereafter to be observed
by the Company and for any other purpose not inconsistent with the
terms of the Original Indenture and which shall not impair the
security of the same; and
WHEREAS, the Company desires to
execute and deliver this Sixty-fourth Supplemental Indenture, in
accordance with the provisions of the Original Indenture, for the
purpose of providing for the creation of a new series of first
mortgage bonds to be designated “First Mortgage Bonds,
Collateral Series F, Due 2014” (hereinafter called the
“Bonds of Series F” or the “Bonds”), and
for the purpose of adding to the covenants and agreements of the
Company in the Original Indenture contained, other covenants and
agreements hereafter to be observed by the Company;
WHEREAS, the Bonds are to be issued
to J.P. Morgan Trust Company, National Association, as successor
Trustee (the “New Mortgage Trustee”) under the
Company’s Indenture of Mortgage and Deed of Trust dated as of
September 1, 1993 (the “New Mortgage”), including the
Sixth Supplemental Indenture thereto, dated June 9, 2005 (the
“Sixth Supplemental Indenture”), and are to be owned
and held by the New Mortgage Trustee as “Class
‘A’ Bonds” (as defined in the New Mortgage) in
accordance with the terms of the New Mortgage; and
WHEREAS, all acts and proceedings
required by law and by the Articles of Incorporation of the
Company, including all action requisite on the part of its
stockholders, directors and officers, necessary to make the Bonds,
when executed by the Company, authenticated and delivered by the
Trustee and duly issued, the valid, binding and legal obligations
of the Company, and to constitute the
2
Indenture a valid and binding
mortgage and deed of trust for the security of the Bonds in
accordance with the terms of the Indenture and the terms of the
Bonds, have been done and taken; and the execution and delivery of
this Sixty-fourth Supplemental Indenture have been in all respects
duly authorized.
NOW, THEREFORE, THIS SIXTY-FOURTH
SUPPLEMENTAL INDENTURE WITNESSETH, that, in order to further secure
the payment of the principal of, premium, if any, and interest, if
any, on all first mortgage bonds at any time issued and outstanding
under the Indenture, according to their tenor, purport and effect,
and to secure the performance and observance of all the covenants
and conditions in said first mortgage bonds and in the Indenture
contained (except any covenant of the Company with respect to the
refund or reimbursement of taxes, assessments or other governmental
charges on account of the ownership of any first mortgage bonds, or
the income derived therefrom, for which the holders of such first
mortgage bonds shall look only to the Company and not to the
property mortgaged and pledged) and for and in consideration of the
premises and of the mutual covenants herein contained and of the
purchase and acceptance of the Bonds by the holders thereof, and of
the sum of $1.00 duly paid to the Company by the Trustee at or
before the ensealing and delivery hereof, and for other valuable
considerations, the receipt whereof is hereby acknowledged, the
Company has executed and delivered this Sixty-fourth Supplemental
Indenture, and, by these presents does grant, bargain, sell,
release, convey, assign, transfer, mortgage, pledge, set over,
warrant and confirm unto the Trustee the properties of the Company
described and referred to in the Original Indenture and all
indentures supplemental thereto, as thereby conveyed or intended so
to be, and not heretofore specifically released, together with all
and singular the plants, buildings, improvements, additions,
tenements, hereditaments, easements, rights, privileges, licenses
and franchises and all other appurtenances whatsoever belonging or
in any wise appertaining to any of the property hereby mortgaged or
pledged, or intended so to be, or any part thereof, now owned or
which may hereafter be owned or acquired by the Company, and the
reversion and reversions, remainder and remainders, and the tolls,
rents, revenues, issues, earnings, income, product and profits
thereof, and of every part and parcel thereof, and all the estate,
right, title, interest, property, claim and demand of every nature
whatsoever of the Company, at law or in equity, or otherwise
howsoever, in, of and to such property and every part and parcel
thereof.
TO HAVE AND TO HOLD all and singular
the lands, properties, estates, rights, franchises, privileges and
appurtenances mortgaged, conveyed, pledged or assigned as
aforesaid, or intended so to be, together with all the
appurtenances thereunto appertaining, unto the Trustee and its
successors and assigns forever, upon the trusts, for the uses and
purposes and under the terms and conditions and with the rights,
privileges and duties as in the Indenture set forth;
Subject, however, to the
reservations, exceptions, limitations and restrictions contained in
the several deeds, leases, servitudes, contracts or other
instruments through which the Company acquired and/or claims title
to and/or enjoys the use of the aforesaid properties; and subject
also to Permitted Encumbrances (as defined in Section 24 of the
Original Indenture) and, as to any property acquired by the Company
since the execution and delivery of the Original Indenture, to any
liens thereon existing, and to any liens for unpaid portions of the
purchase money placed thereon, at the time of such acquisition, but
only to the extent that such liens are permitted by Sections 72 and
83 of the Original Indenture, as amended;
BUT IN TRUST, NEVERTHELESS, for the
equal and proportionate use, benefit, security and protection of
those who from time to time shall hold the first mortgage bonds and
coupons authenticated and delivered under the Indenture and duly
issued by the Company, without any discrimination, preference or
priority of any one first mortgage bond or coupon over any other by
reason of priority in the time of issue, sale or negotiation
thereof or otherwise, except as provided in Section 69 of the
Original Indenture, so that, subject to said provisions, each and
all of said first mortgage bonds and coupons shall have the same
right, lien and privilege under the Indenture and shall be equally
and ratably
3
secured thereby (except as any
sinking, amortization, improvement, renewal or other fund, or any
other covenants or agreements established in accordance with the
provisions of the Original Indenture, may afford additional
security for the first mortgage bonds of any particular series),
and shall have the same proportionate interest and share in the
Trust Estate (as defined in the Original Indenture), with the same
effect as if all of the first mortgage bonds and coupons had been
issued, sold and negotiated simultaneously on the date of the
delivery of the Original Indenture; and in trust for enforcing
payment of the principal of the first mortgage bonds and of the
interest and premium, if any, thereon, according to the tenor,
purport and effect of the first mortgage bonds and coupons and of
the Indenture, and for enforcing the terms, provisions, covenants
and stipulations therein and in the first mortgage bonds set forth,
and upon the trusts, uses and purposes and subject to the
covenants, agreements and conditions set forth and declared in the
Indenture;
AND THIS SIXTY-FOURTH SUPPLEMENTAL
INDENTURE FURTHER WITNESSETH, that the Company hereby covenants and
agrees to and with the Trustee and its successors and assigns
forever as follows:
SECTION 1. There shall be, and is
hereby created, a new series of first mortgage bonds, known as and
entitled “First Mortgage Bonds, Collateral Series F, Due
2014,” and the form thereof shall be substantially as
hereinafter set forth.
The Bonds of Series F shall be
issued and delivered to the New Mortgage Trustee under the New
Mortgage as the basis for the authentication and delivery under the
New Mortgage of a series of securities (“Collateral Trust
Securities”). As provided in the New Mortgage, the Bonds of
Series F will be registered in the name of the New Mortgage
Trustee, subject to the provisions of the New Mortgage, for the
benefit of the holders of all securities from time to time
outstanding under the New Mortgage, and the Company shall have no
interest therein. The Bonds of Series F will not be transferable
except to a successor trustee under the New Mortgage.
Any payment or deemed payment by the
Company under the New Mortgage of the principal of or interest, if
any, on the Collateral Trust Securities (other than by the
application of the proceeds of a payment in respect of the Bonds of
Series F) shall, to the extent thereof, be deemed to satisfy and
discharge the obligation of the Company, if any, to make a payment
of principal of or interest, if any, on such Bonds of Series F, as
the case may be, which is then due.