2014-04 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS

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shall each be designated "General Obligation Bond, Series 2014"; shall be ated such date (not prior to February 1, 2014, and not later than August 1, 2014) (the "Dated Date") as set forth in the Bond Notification, and shall also bear the date of authentication, shall b in fully registered form, shall be in denominations of$5,000 each or authorized integral multiles thereof(but no single Bond shall represent installments of principal maturing on more than ine date), and shall be numbered 1 and upward. The Bonds shall become due and payable serially or be subject to mandatory redemption (subject to prior redemption as hereinafter described) is shall be set forth in the Bond Notification, and in such principal amounts as shall be set fortli therein; provided, however, that the final maturity shall be due on or before March 1, 2034, ai d each maturity or sinking fund payment shall not exceed $2,000,000. Each Bond shall bear int est, at a rate not to exceed 5.50% per annum, from the later of its Dated Date as herein provide or from the most recent interest payment date to which interest has been paid or duly provided for, until the principal amount of such Bond is paid or duly provided for, such interest Computed upon the basis of a 360-day year of twelve 30-day months) being payable on March 1 Ind September 1 of each year, commencing on September 1, 2014, or as provided in the Bond Notification. Interest on each Bond shall be paid by check or draft of the Paying Agent, payable upon presentation thereof in lawful money of the United States of America, tote person in whose name such Bond is registered at the close of business on the applicable Record Date (the "Record Date"), and mailed to the registered owner of the Bond as shown in the Bond Registrar or at such other address furnished in writing by such registered owner. The R cord Date shall be the 15th day of the month next preceding any regular or other interest payment date occurring on the 1 st day of any month and 15 days preceding any interest payment date occasioned by the redemption of Bonds on other than the 1 st day of a month. The principal of or redemption price due on the Bonds shall be payable in lawful money of the United States of America upon -5-