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• amount not to exceed Million Hundred Thousand and 00/100 <br />Dollars ($~ (the "Bonds") for the purpose of providing funds, a portion of which shall be <br />used to effect the refunding of the Prior Bonds, together with the authorized expenses relating <br />thereto. <br />ection 3. The Refunding Bond Resolution provides that a portion of the <br />proceeds from the sale of the Bonds will be delivered;,to, and applied by the Escrow Trustee in <br />accordance with a Trust Agreement entered into and .dated as of November 1, 1998, (the "Trust <br />Agreement"), between the Authority and the Escrow Trustee, as Trustee for the Bonds. <br />Section 4. Section 2.10 of the Trust Agreement provides that the sum of <br />Million Hundred Thousand Hundred and <br />/100 Dollars ($~ which equals ~ Million Hundred <br />Thousand Hundred and /100 Dollars ($ ) <br />received from the sale of the Bonds plus Thousand Hundred and <br />/100 Dollars ($~ available from the funds established by the Prior Trust <br />Agreement, plus investment earnings thereon, will be applied on behalf of the Authority to pay the <br />principal and interest on the Prior Bonds. <br />Section 5. The Authority is authorized and empowered by Indiana Code 36-7- <br />14.5-19 and I.C. 5-1-5, as amended, to issue, sell and deliver bonds for the purpose of refunding the <br />Prior Bonds. <br />• <br />::ODMA\PCDOCS\SBDOCS 1\24205\2 -2- <br />