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2001 $450,000 <br />2002 $500,000 <br />2003 $550,000 <br />Certain Bonds are subject to redemption prior to maturity as <br />provided in Section 2 below. <br />American Fletcher National Bank and Trust Company <br />is hereby appointed as Registrar (American Fletcher National <br />Bank and Trust Company and any subsequent registrar appointed <br />pursuant to this Resolution shall hereinafter be referred to <br />as the "Registrar ") for the Bonds and is hereby charged with <br />the responsibility of authenticating the Bonds. The Registrar <br />shall keep and maintain at its principal office books for <br />the registration and for the transfer of the Bonds (the "Bond <br />Register "). The Controller is hereby authorized and directed, <br />on behalf of the Commission, to enter into such agreements <br />or understandings with the Registrar as will enable the <br />Registrar to perform the services required of a registrar, <br />and is directed to pay the Registrar for its services out of <br />available funds. The Commission reserves the right to remove <br />the Registrar upon thirty (30) days' notice and upon the <br />appointment of a successor Registrar in which event the <br />predecessor Registrar shall deliver all Bonds in its possession <br />and the Bond Register to the successor Registrar. <br />The principal of and premium, if any, on the Bonds <br />shall be payable at the principal office of American Fletcher <br />National Bank and Trust Company which is hereby appointed as <br />the Paying Agent (American Fletcher National Bank and Trust <br />Company and any subsequent Paying Agent appointed pursuant <br />to this Resolution shall hereinafter be referred to as the <br />"Paying Agent ") for the Bonds. Interest on the Bonds shall <br />be paid by check or draft mailed or delivered to the registered <br />owners of the Bonds at the address as it appears on the Bond <br />Register as of the fifteenth day of the month immediately <br />preceding the interest payment date or at such other address <br />as provided to the Paying Agent in writing by such registered <br />owners. All payments on the Bonds shall be made in lawful <br />money of the United States of America. <br />The Controller is hereby authorized and directed, <br />on behalf of the Commission, to enter into such agreements <br />or understandings with the Paying Agent as will enable the <br />Paying Agent to perform the services required of a paying <br />agent, and is directed to pay the Paying Agent for its <br />services out of available funds. The Commission reserves <br />the right to remove the Paying Agent upon thirty (30) days' <br />notice and upon the appointment of a successor Paying Agent <br />in which event the predecessor Paying Agent shall deliver <br />all the cash in its possession to the successor Paying Agent. <br />-5- <br />