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<br />Section 11. Call, Redemption and Purchase of Bonds
<br />Prior to Maturity.
<br />
<br />.
<br />
<br />A.
<br />as follows:
<br />
<br />Redemption.
<br />
<br />The Bonds are subject to redemption
<br />
<br />(1) Except as provided in Subsection 5 of this
<br />Section, the Bonds maturing on December 15, 1986 through
<br />December 15, 1990 are not subject to call or redemption
<br />prior to their respective maturities.
<br />
<br />(2) The Term Bonds and Special Term Bonds are
<br />subject to mandatory purchase on each Reset Date and shall
<br />be redeemed 30 days thereafter in the event that the
<br />Remarketing Agent is unable to remarket the Bonds in
<br />accordance with the requirements of this Resolution and the
<br />Remarketing Agreement. The Bonds shall be redeemed at a
<br />redemption price for each redeemed Bond equal to the
<br />principal amount thereof, plus accrued interest to the
<br />redemption date, without premium.
<br />
<br />.
<br />
<br />(3) The Outstanding Term Bonds and Special Term
<br />Bonds shall be called before maturity and redeemed from
<br />Minimum Sinking Account Payments on December 15, 1991, and
<br />on each December 15 thereafter prior to maturity in
<br />accordance with the following schedules, at a redemption
<br />price for each redeemed Bond equal to the principal amount
<br />thereof, plus accrued interest to the redemption date,
<br />without premium:
<br />
<br /> Term Bonds
<br /> Principal Principal
<br /> December 15 Amount December 15 Amount
<br /> 1991 $ 500,000 2004 $1,280,000
<br /> 1992 535,000 2005 1,375,000
<br /> 1993 575,000 2006 1,475,000
<br /> 1994 620,000 2007 1,590,000
<br /> 1995 665,000 2008 1,710,000
<br /> 1996 715,000 2009 1,835,000
<br /> 1997 775,000 2010 1,975,000
<br /> 1998 830,000 2011 2,120,000
<br /> 1999 890,000 2012 2,285,000
<br /> 2000 960,000 2013 2,450,000
<br />. 2001 1,030,000 2014 2,660,000
<br />2002 1,105,000
<br />2003 1,190,000
<br />
<br />12-02-85
<br />9553p/2281/01
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<br />-15-
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