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the aggregate amount of the principal components of the installment payments shall not
<br />exceed $22,000,000 and the true interest cost applicable to the interest components of
<br />the installment payments shall not exceed 5% per annum.
<br />
<br /> .Section 5. The form of Indenture, on file with the Secretary of the Authority, is
<br />hereby approved, and the Authorized Officers are each hereby authorized and directed,
<br />for and in the name and on behalf of the Authority, to execute and deliver the Indenture
<br />in substantially said form, with such changes, insertions and omissions therein as the
<br />Authorized Officer executing the same may require or approve, such approval to be
<br />conclusively evidenced by the execution and delivery thereof; provided, however, that
<br />the aggregate amount of the Bonds shall not exceed $22,000,000, the final maturity
<br />date of the Bonds shall be no later than September 1, 2024 and the true interest cost
<br />applicable to the Bonds shall not exceed 5% per annum and, provided, further, that
<br />such changes, insertions and omissions shall be consistent with the terms of the Bonds
<br />established by the Purchase Contract as finally executed.
<br />
<br /> Section 6. The issuance of not to exceed $22,000,000 aggregate principal
<br />amount of the Bonds, in the principal amounts, bearing interest at the rates and
<br />maturing on the dates as specified in the Indenture as finally executed, is hereby
<br />authorized and approved.
<br />
<br /> Section 7. The form of Purchase Contract, on file with the Secretary of the
<br />Authority, is hereby approved, and the Authorized Officers are each hereby authorized
<br />and directed, for and in the name and on behalf of the Authority, to execute and deliver
<br />the Purchase Contract in substantially said form, with such changes therein as the
<br />Authorized Officer executing the same may require or approve, such approval to be
<br />conclusively evidenced by the execution and delivery thereof; provided, however, that
<br />the underwriter's discount for the sale of the Bonds shall not exceed 0.50% of the
<br />aggregate principal amount of such Bonds.
<br />
<br /> Section 8. ' The form of Escrow Agreement, on file with the Secretary of the
<br />Authority, is hereby approved, and the Authorized Officers are each hereby authorized
<br />and directed, for and in the name and on behalf of the Authority, to execute and deliver
<br />the Escrow Agreement in substantially said form, with such changes therein as the
<br />Authorized Officer executing the same may require or approve, such approval to be
<br />conclusively evidenced by the execution and delivery thereof.
<br />
<br /> Section9. The form of Preliminary Official Statement, on file with the
<br />Secretary of the Authority, with such changes, insertions and omissions therein as may
<br />be approved by an Authorized Officer, is hereby approved, and the use of the
<br />Preliminary Official Statement in connection with the offering and sale of the Series
<br />2004A Bonds is hereby authorized and approved. The Authorized Officers are each
<br />hereby authorized to certify on behalf of the Authority that the Preliminary Official
<br />Statement is deemed final as of its date, within the meaning of Rule 15c2-12
<br />promulgated under the Securities Exchange Act of 1934 (except for the omission of
<br />certain final pricing, rating and related information as permitted by such Rule).
<br />
<br />FA Resolution No. 2004-002
<br />Page 4 of 7
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