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<br />TABLE OF CONTENTS <br /> <br />Article One DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION ......1 <br /> <br />SECTION 1.1. Definitions.......... .............. ...... ........ ............................................ ............. .... .... 1 <br /> <br />SECTION 1.2. Notices to Bondholders; Waiver. .................................................................... 7 <br />SECTION 1.3. Effect of Headings and Table of Contents. ..................................................... 7 <br />SECTION 1.4. Resolution a Contract; Amendments. ............................................................. 7 <br />SECTION 1.5. Benefits of Resolution.. ................... ................................. .......... .......... ........... 8 <br /> <br />SECTION 1.6. Repealer. ........ ........................................ ............. ...................... .............. ........ 8 <br /> <br />SECTION 1.7. Governing Law. ............. ............................ ....................... ........ ............... ....... 8 <br /> <br />SECTION 1.8. Severability. ........ .................... ........ ............................ ............... ...... ............ .., 9 <br />SECTION 1.9. Limitations on Liability. ........ ............................ ..... ................. ......... ........ ...... 9 <br /> <br />Article Two THE BONDS ............. .............. ................................ ................... ................ ........... ..... 9 <br /> <br />SECTION 2.1. Purpose, Title, Denomination, Amounts, and Terms of Bonds. ..................... 9 <br />SECTION 2.2. Redemption. . ...................... .......................... .................... .......... ............ ....... 10 <br />SECTION 2.3. Payment of Interest; Interest Rights Preserved. ............................................ 10 <br />SECTION 2.4. Execution, Authentication, Delivery, and Dating. ........................................ 11 <br />SECTION 2.5. Registration, Transfer, and Exchange. .......................................................... 11 <br />SECTION 2.6. Mutilated, Destroyed, Lost, and Stolen Bonds. ............................................ 12 <br />SECTION 2.7. Persons Deemed Owners. ............................................................................. 12 <br />SECTION 2.8. Securities Depository, Appointment ofDTC................................................ 13 <br />Article Three FORM OF BONDS.. .............. .................................. ................. ............... .......... .... 16 <br />SECTION 3 .1. Form of Bonds. .... ....................................... .............. ..................... ......... ...... 16 <br />Article Four REVENUES AND FUNDS ..................................................................................... 17 <br />SECTION 4.1. Creation of Funds. ............... ..................... ............................... ....... .......... ..... 17 <br />SECTION 4.2. Revenue Fund. ............ .......................... ........................... .......... ........... ........ 17 <br />SECTION 4.3. Bond Fund. ........... .......................... ......................... ..... ................ ................. 17 <br />SECTION 4.4. Reserve Fund. ........... ..................................... ................. ............... ............... 17 <br />SECTION 4.5. Deficiencies................... ........................... ................................... .............. .... 18 <br />SECTION 4.6. Surplus Money. ........... ......... ......... ............................................. ........... ........ 18 <br />SECTION 4.7. Investments; Security for Deposits. .............................................................. 18 <br />SECTION 4.8. Priority of Deposits and Payments from Revenue Fund............................... 18 <br />Article Five CONCERNING THE PAYING AGENTIREGISTRAR ......................................... 19 <br />SECTION 5.1. Acceptance. ................................................................................................... 19 <br />SECTION 5.2. Trust Funds. .................................................................................................. 19 <br />SECTION 5.3. Bonds Presented...... ............ .......... ................................... ....... ............. ......... 19 <br />SECTION 5.4. Unclaimed Funds Held by the Paying Agent/Registrar. ............................... 19 <br />SECTION 5.5. Paying Agent/Registrar May Own Bonds..................................................... 20 <br />SECTION 5.6. Successor Paying Agents/Registrars. ............ ................... ............... .............. 20 <br /> <br />Article Six................... ............. ............. .......................... ........ ................. .................... ........ ......... 20 <br /> <br />COVENANTS .............................................................................................................................. 20 <br /> <br />SECTION 6.1. General Covenants. .......................... ............................. ................. ........ ....... 20 <br />SECTION 6.2. Covenants to Maintain Tax Exempt Status................................................... 23 <br />Article Seven PLEDGE OF PLEDGED REVENUES; PARITY BONDS ..................................28 <br />SECTION 7.1. Pledge of Pledged Revenues. ........................................................................ 28 <br />SECTION 7.2. Issuance of Additional Bonds. ...................................................................... 28 <br />Article Eight DEFEASANCE....................................................................................................... 32 <br /> <br />HOU:3003369.1 <br />