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Redemption Date <br />Price <br />• March 1, 2006, or thereafter on or before February 28, 2007. 102% <br />March 1, 2007, or thereafter on or before February 29, 2008 101% <br />March 1, 2008, and thereafter prior to maturity 100% <br />Section 4. At the option of the successful bidder or bidders on the Bonds, the Bonds <br />may be aggregated into one (1) or more term bonds payable from mandatory sinking fund <br />redemption payments (the "Term Bonds") as provided in the Trust Agreement. The Term Bonds <br />shall have a stated maturity or maturities on March 1. Such Term Bonds shall be subject to <br />mandatory sinking fund redemption prior to maturity at a redemption price equal to 100% of the <br />principal amount thereof, plus accrued interest to the redemption date, but without premium, on <br />March 1 in the years and in the principal amounts set forth in the maturity schedule for the Bonds <br />contained in the notice of intent to sell bonds to be published by the Authority as provided herein <br />. or in such principal amounts as may be determined pursuant to such notice of intent to sell. <br />Section 5. Said Bonds shall be issued in accordance with and shall be secured by a <br />trust agreement substantially in the form of the Trust Agreement as submitted to this meeting, with <br />such changes as the President and the Secretary-Treasurer of the Authority deem necessary or <br />appropriate to effectuate these resolutions and to consummate the sale of the Bonds, said officers' <br />execution and attestation thereof to be conclusive evidence of their approval of such changes. <br />Section 6. The Authority shall enter into the Escrow Agreement substantially in the <br />form of the Escrow Agreement submitted to this meeting, in order to effect the advance refunding <br />of the Refunded Bonds in accordance with their terms. The Authority hereby authorizes the <br />President and Secretary-Treasurer to execute and attest, respectively, the Escrow Agreement <br />substantially in the form of the Escrow Agreement as submitted to this meeting, with such changes <br />• <br />-4- <br />::ODMA\PCDOCS\SBDOCS 1 \24200\2 <br />