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AUCTION AGENT AGREEMENT <br /> between <br /> MERIDIAN TRUST COMPANY OF CALIFORNIA, <br /> as Trustee <br /> and <br /> THE BANK OF NEW YORK, <br /> as Auction Agent <br /> Dated as of March 1, 1994 <br /> Relating to <br /> Santa Ma Financing Authority Police Administration <br /> and Holding Facility Lease Revenue Bonds, <br /> Series 1994A <br /> Auction Rate Securities <br /> Inverse Rate Securities <br /> LA1-69756.2 <br />