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EXHIBIT B <br />Description of Refunded Bonds <br />The 1985 Bonds to be refunded are those maturing on and <br />after February 1, 1997, in aggregate principal amount of <br />$2,925,000, and will be called for redemption on February 1, 1996. <br />The 1986 Bonds to be refunded are those maturing on and <br />after February 1, 1998, in aggregate principal amount of <br />$1,300,000, and will be called for redemption on February 1, 1997. <br />-32- <br />