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<br />TABLE OF CONTENTS <br /> <br />ARTICLE I FINDINGS AND DETERMINA TIONS.....................................................................1 <br />Section 1.1: Findings and Determinations ...................................................................... 1 <br /> <br />ARTICLE II DEFINITIONS AND INTERPRETATIONS ............................................................1 <br />Section 2.1 : Definitions................................................................................................... 1 <br />Section 2.2: Interpretations............................................................................................. 3 <br /> <br />ARTICLE III TERMS OF THE OBLIGA TIONS...........................................................................3 <br /> <br />Section 3.1: <br />Section 3.2: <br />Section 3.3: <br />Section 3.4: <br />Section 3.5: <br />Section 3.6: <br />Section 3.7: <br />Section 3.8: <br />Section 3.9: <br />Section 3.10: <br /> <br />Amount. Purpose and Authorization........................................................... 3 <br />Designation. Date and Interest Payment Dates........................................... 3 <br />Numbers. Denomination. Interest Rates and Maturities............................. 4 <br />Redemption Prior to Maturity ...... ............ ...... ............................................. 4 <br />Manner of Payment. Characteristics. Execution and Authentication ......... 4 <br /> <br />Authentication............................................................................................. 7 <br /> <br />Ownership ......... ...... ........ ................... ... ... ........ .............. ........ ... .................. 7 <br /> <br />Registration. Transfer and Exchange ............ ............................. ................. 7 <br />Replacement Obligations .............................. .......... .................................... 8 <br /> <br />Cancellation.... ............................................................................................ 9 <br /> <br />ARTICLE IV FORM OF OBLIGATIONS ...................................... ............ ............ ...... ..... ........ ....9 <br /> <br />ARTICLE V SECURITY FOR THE OBLIGATIONS...................................................................9 <br />Section 5.1: Pledge and Levy of Taxes........................................................................... 9 <br />Section 5.2: Debt Service Fund.... ........................ .................... ............. ........................ 10 <br />Section 5.3: Construction Fund............ ................ ................ .... ........... .......... ................ 10 <br />Section 5.4: Further Proceedings.................................................................................. 10 <br /> <br />ARTICLE VI CONCERNING THE PAYING AGENT/REGISTRAR .......................................11 <br />Section 6.1: Acceptance ................................................................................................ 11 <br />Section 6.2: Trust Funds ............ .......... ...... ........................ ....... .................................... 11 <br />Section 6.3: Obligations Presented ............................................................................... 11 <br />Section 6.4: Unclaimed Funds Held bv the Paying Agent/Registrar ............................ 11 <br />Section 6.5: Paving Agent/Registrar May Own Obligations ........................................ 12 <br />Section 6.6: Successor Paving Agents/Registrars......................................................... 12 <br /> <br />ARTICLE VII PROVISIONS CONCERNING SALE AND APPLICATION OF <br />PROCEEDS OF OBLIGATIONS ...................... ............ .......................... ................ ...... ...12 <br />Section 7.1: Sale of Obligations; Insurance ............. ............................. ............. ........... 12 <br />Section 7.2: Approval. Registration and Delivery ........................................................ 12 <br />Section 7.3: Application of Proceeds of Obligations; Appropriation ........................... 12 <br />Section 7.4: Tax Exemption............... ............. .......................... ........ ...... ........ .............. 13 <br />Section 7.5: Qualified Tax-Exempt Obligations........................................................... 15 <br />Section 7.6: Related Matters..... .......................... ............................ ............ .................. 16 <br /> <br />ARTICLE VIII COVENANTS...................... .... ........ .............................................. .................... .16 <br />Section 8.1: Financial Reporting. ............... ............. ..... ........................... ...... .......... ...... 16 <br /> <br />HOU:2516661.4 <br /> <br />1 <br />