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(The cover sheet and this table of contents are not a part of the attached Resolution, but are included by Bond Counsel for convenience only.) TABLE OF CONTENTS Page ARTICLE ONE - DEFINITIONS, LEGAL AUTHORIZATION AND FINDINGS........................... 2 Section 1-1. Definitions...................... 2 Section 1-2. Legal Authorization.............. 4 Section 1-3. Findings......................... 5 Section 1-4. Authorization and Ratification of Pro j ect. . . . . . . . . . . . . . . . . . . . . . . 6 ARTICLE TWO - NOTE................................... 7 Section 2-1. Authorized Amount and Form Section 2-2. Section 2-3. Section 2-4. Section 2-5. Section 2-6. Section 2-6. Section 2-7. Section 2-8. of Note.......... . . . . . . . . . . . . . . . . The Note......................... Execution. . . . . . . . . . . . . . . . . . . . . . . . Delivery of Note..... ............ Deposition of Note Proceeds...... Registration of Transfer......... Mutilated, Lost or Destroyed Not e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ownership of Note................ Limitation on Note Transfers..... 7 17 17 17 18 18 19 19 19 ARTICLE THREE - PREPAYMENT OF NOTE BEFORE MATURITY... 20 Section 3 -1. Prepayment. . . . . . . . . . . . . . . . . . . . . . . 20 ARTICLE FOUR - GENERAL COVENANTS..................... 21 Section 4-1. Payment of Principal and Section 4-2. Section 4-3. Section 4-4. Interest. . . . . . . . . . . . . . . . . . . . . . . . . 21 Performance of and Authority for Covenants.................... Performance of Covenants......... Nature of Security............... 21 21 22 ARTICLE FIVE - MISCELLANEOUS......................... 23 Section 5-1. Severability..................... 23 Section 5-2. Authentication of Transcript..... 23 Section 5-3. Registration of Resolution....... 23 Section 5-4. Authorization to Execute Section 5-5. Agreements. . . . . . . . . . . . . . . . . . . . . . . Interest on the Note............. 23 23