Issue its Economic Development Revenue Bonds (Aucilla Plastics Inc Project) $700,000.00

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by said Promissory Note, (iv) the repayment of said loan by the Company pursuant to said Loan Agreement, Mortage and Security Agreement, and said Promissory Note, and (v) the securing of said Economic Development Revenue Bonds by said Loan Agreement, Mortgage and Security Agreement and said Trust Indenture. Section 5. The City shall issue its Economic Develop- ment Revenue Bonds, Series 1984 (Aucilla Plastics, Inc. Pro- ject), in the aggregate principal amount of Seven Hundred Thousand Dollars ($700,000.00) for the purpose of procuring funds to loan to the Company in order to finance the acquisi- tion of such facilities, as more particularly set out in said Loan Agreement, Mortgage and Security Agreement, which Economic Development Revenue Bonds shall be payable as to principal and interest solely from the payments made by the Company on its aforesaid Promissory Note in the principal amount of Seven Hundred Thousand Dollars ($700,000.00) which will be executed and delivered by the Company to evidence said loan, from other sources under said Loan Agreement, Mortgage and Security Agree- ment, and as otherwise provided in said Trust Indenture. Said Economic Development Revenue Bonds shall never constitute general obligations of, indebtednesses of, or charges against the general credit of the City. Said Economic Development Revenue Bonds shall be executed by the manual or facsimile signatures of the Mayor and the Clerk of the City; shall be executed and delivered on or about August -15 , 1984; shall be dated as of August 1,1984; shall have a final maturity date of August 1, 1992 with principal reduced monthly, beginning on September - 1, 1984, in the interim; shall bear interest at a rate of ten percent (10 %) per annum, except in the case of an Event of Taxability as defined in the Loan Agreement, in which case the per annum interest rate shall be a variable rate not to exceed fifteen percent (15 %) or be less than eleven percent (11 %) ; shall be in the denominations of Five Thousand Dollars ($5,000.00) or integral multiples thereof; shall be issued in registered form; shall be registrable as provided therein; -3-