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TABLE OF CONTENTS <br />Page <br />Section 1. <br />Definition of Federal Securities............................................................................. 2 <br />Section 2. <br />Appointment of Escrow Agent.............................................................................. 2 <br />Section 3. <br />Establishment of Escrow Fund.............................................................................. 2 <br />Section 4. <br />Deposit into Escrow Fund; Investment of Amounts .............................................. 3 <br />Section 5. <br />Instructions as to Application of Deposit; Authority Retains Right of <br />OptionalRedemption............................................................................................. 3 <br />Section 6. <br />Application of Certain Terms of 2007 Trust Agreement ....................................... 3 <br />Section 7. <br />Compensation to Escrow Agent............................................................................. 3 <br />Section 8. <br />Liabilities and Obligations of Escrow Agent......................................................... 3 <br />Section9. <br />Amendment............................................................................................................ 5 <br />Section 10. <br />Termination; Unclaimed Money............................................................................ 5 <br />Section11. <br />Severability............................................................................................................6 <br />Section 12. <br />Notice of Escrow Agent, Authority and City ......................................................... 6 <br />Section 13. <br />Merger or Consolidation of Escrow Agent............................................................ 6 <br />Section 14. <br />Governing Law...................................................................................................... 6 <br />Section 15. <br />Execution in Several Counterparts......................................................................... 6 <br />553 94.000 55\32329256.4 _i_ <br />55A-78 <br />