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TABLE OF CONTENTS Page ARTICLE I DEFINITIONS; EQUAL SECURITY................................................................ 3 Section1.01 Definitions ..................................................................................................... 3 Section 1.02 Equal Security............................................................................................. 15 ARTICLE II THE BONDS; CERTAIN PROVISIONS OF THE BONDS ........................... 16 Section 2.01 General Authorization; Bonds.................................................................... 16 Section 2.02 Terms of Series 2018 Bonds....................................................................... 16 Section 2.03 Form of Series 2018 Bonds........................................................................ 18 Section 2.04 Redemption of Series 2018 Bonds.............................................................. 18 Section 2.05 Notice of Redemption................................................................................. 18 Section 2.06 Selection of Bonds for Redemption............................................................ 18 Section 2.07 Payment of Redeemed Bonds..................................................................... 19 Section 2.08 Purchase in Lieu of Redemption................................................................. 19 Section 2.09 Execution of Bonds..................................................................................... 19 Section 2.10 Transfer of Bonds....................................................................................... 20 Section 2.11 Exchange of Bonds..................................................................................... 20 Section 2.12 Use of Depository....................................................................................... 20 Section 2.13 Bond Registration Books............................................................................ 22 Section 2.14 Mutilated, Destroyed, Stolen or Lost Bonds ............................................... 22 Section 2.15 Validity of Bonds........................................................................................ 23 ARTICLE III APPLICATION OF PROCEEDS OF BONDS ................................................. 23 Section 3.01 Application of Proceeds of Sale of Series 2018 Bonds -Allocation Among Funds and Accounts................................................................................ 23 ARTICLE IV ISSUANCE OF ADDITIONAL BONDS......................................................... 24 Section 4.01 Conditions for the Issuance of Additional Bonds ....................................... 24 Section 4.02 Procedure for the Issuance of Additional Bonds ........................................ 25 ARTICLE V TAX REVENUES; CREATION OF FUNDS .................................................. 26 Section 5.01 Pledge of Tax Revenues; Tax Increment Fund ........................................... 26 Section 5.02 Receipt and Deposit of Tax Revenues........................................................ 29 Section 5.03 Establishment and Maintenance of Accounts for Use of Moneys in the Tax Increment Fund....................................................................................... 29 Section 5.04 Investment of Moneys in Funds and Accounts ........................................... 31 Section 5.05 2018 Reserve Policy Payment and Reimbursement Provisions ................. 32 Section 5.06 Costs of Issuance Fund............................................................................... 35 ARTICLE VI COVENANTS OF THE AGENCY.................................................................. 36 Section 6.01 Punctual Payment........................................................................................ 36 Section 6.02 Against Encumbrances................................................................................ 36 Section 6.03 Extension or Funding of Claims for Interest ............................................... 36 Section 6.04 Payment of Claims...................................................................................... 36 4150-2542-5420.3 40990-25 SA -3-16