2001-52 AUTHORIZING AND APPROVING THE CURRENT REFUNDING

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� The maturing principal of and interest on the Government Securities and the uninvested cash in the Securities Trust Fund shall be used to redeem on October 1,2001 the outstanding Series 1991A Bonds at a redemption price of 102%of the principal amount thereof,plus accrued and unpaid interest thereon. From and after the creation of the Securities Trust Fund, the principal of and interest on the outstanding Series 1991 A Bonds shall remain the obligations of the Municipality until paid or redeemed as provided herein,but such principal of and interest thereon shall be payable solely and only from the Securities Trust Fund and shall not,under any circumstances,be payable from any other funds of the Municipality. After the creation of the Securities Trust Fund,the owners of the outstanding Series 1991 A Bonds shall not be entitled to or have any rights with respect to the Security for the outstanding Series 1991A Bonds. Section 202. Simultaneouslywith the issuance ofthe Series 2001 Bonds and the funding ofthe Securities Trust Fund,and upon receipt by the Series 1991 Trustee of the opinions and certificates required under Article XI of the Series 1991 Bond Indenture and the sufficiency certificate of Merrill Lynch&Co., to the effect that the Government Securiries,together with the interest to be earned thereon, and the uninvested cash on deposit in the Securities Trust Fund,will be sufficient to pay the principal and interest on the Series 1991A Bonds in accordance with the provisions hereof,the Series 1991 Trustee shall: (1) release to the Municipality all of its interest in the Security for the outstanding Series 1991A Bonds;(2) authorize the Municipality to temunate,release and cancel the Series 1991 Trustee Loan Agreement, except for the indemnification provisions of Section 8.5 thereof, in accordance with the applicable provisions thereof;(3)provide for the execution of appropriate ternunation statements;and(4)do any and all further acts as may be requested and as may be necessary to release and cancel its rights in the Security for the outstanding Series 1991A Bonds. ARTICLE III DUTIES OF THE SERIES 1991 TRUSTEE Section 301. The Series 1991 Tn�stee shall collect the cash proceeds resulting from the payment of the principal of and interest on the Govemment Securiries. The Series 1991 Trustee,without fiuther authorization or direction from the Municipality or the Corporation,shall give notice of redemption as provided for in the Series 1991 Bond Indenhue. The Series 1991 Trustee is hereby directed to call for redemption as of October 1, 2001 the Series 1991A Bonds remaining outstanding on such date at a redemption price of 102%of the principal amount thereof plus accrued interest to such date,in accordance with the provisions of the Series 1991 Bond Indenture. Notice of such redemption shall be given by first class mail,postage prepaid,to the registered owner of any Series 1991 Bond not less than 30 nor more than 60 days prior to the redemption date,all in accordance with the provisions of Secrion 503 of the Series 1991 Bond Indenture. Such notice shall be in substantially the form attached hereto as Exhibit B over the name of the Mayor of the Municipality in office at the time the notice is given. The Municipality,by this Second Supplemental Indenture,hereby irrevocably directs the Series 1991 Trustee to mail such notice and to use such names CH: 1169678v1 087879-010828 5 �