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V. Reserve Requirement. <br /> The amount of the Reserve Requirement is reasonably required in that it was a material <br /> factor in selling the 1994 Bonds at the lowest possible yield, and it is reasonable and <br /> customary in marketing similar issues of governmental obligations. <br /> Dated: March 23, 1994. <br /> SMITH BARNEY SHEARSON, INC. <br /> For Itself and as Representative of the Underwriters <br /> y <br /> Authorized Representative <br /> LA1-69477.2 A-2 <br />