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TABLE OF CONTENTS Page ARTICLE I DEFINITIONS; EQUAL SECURITY ............................ ............................... 4 Section1.01 Definitions ............................................................ ............................... 4 Section 1.02 Equal Security ..................................................... ............................... 16 ARTICLE II THE BONDS; CERTAIN PROVISIONS OF THE BONDS ........................16 Section 2.01 General Authorization; Bonds .............................. .............................16 Section 2.02 Terms of Series 2016 Bonds ............................... ............................... 17 Section 2.03 Form of Series 2016 Bonds ................................... .............................18 Section 2.04 Redemption of Series 2016 Bonds ........................ .............................19 Section 2.05 Notice of Redemption ......................................... ............................... 19 Section 2.06 Selection of Bonds for Redemption .................... ............................... 19 Section 2.07 Payment of Redeemed Bonds ............................. ............................... 20 Section 2,08 Purchase in Lieu of Redemption ......................... ............................... 20 Section 2.09 Execution of Bonds ............................................. ............................... 20 Section 2.10 Transfer of Bonds ............................................... ............................... 21 Section 2.11 Exchange of Bonds ............................................. ............................... 21 Section 2.12 Use of Depository ............................................... ............................... 21 Section 2,13 Bond Registration Books .................................... ............................... 23 Section 2.14• Mutilated, Destroyed, Stolen or Lost Bonds ....... ............................... 23 Section 2.15 Validity of Bonds ................................................ ............................... 24 ARTICLE III APPLICATION OF PROCEEDS OF BONDS .............. ............................... 24 Section 3.01 Application of Proceeds of Sale of Series 2016 Bonds -- Allocation Among Funds and Accounts ............. ............................... 24 ARTICLE IV ISSUANCE OF ADDITIONAL BONDS ...................... ............................... 25 Section 4,01 Conditions for the Issuance of Additional Bonds .............................. 25 Section 4.02 Procedure for the Issuance of Additional Bonds ............................... 26 ARTICLE V TAX REVENUES; CREATION OF FUNDS .................. .............................27 Section 5.01 Pledge of Tax Revenues; Tax Increment Fund ... ............................... 27 Section 5.02 Receipt and Deposit of Tax Revenues ................ ............................... 30 Section 5.03 Establishment and Maintenance of Accounts for Use of Moneysin the Tax Increment Fund .................... ............................... 30 Section 5.04 Investment of Moneys in Funds and Accounts ... ............................... 32 Section 5.05 2016 Reserve Policy Payment and Reimbursement Provisions ........ 33 Section 5.06 Costs of Issuance Fund ....................................... ............................... 36 ARTICLE VI COVENANTS OF THE AGENCY ................................ ............................... 37 Section 6.01 Punctual Payment ................................................ ............................... 37 Section 6.02 Against Encumbrances ........................................ ............................... 37 Section 6.03 Extension or Funding of Claims for Interest ....... ............................... 37 Section 6.04 Payment of Claims .............................................. ............................... 37 3 -16