96-77 AUTHORIZING AND APPROVING THE ADVANCE REFUNDING OF A PORTION OF HOSPITAL FACILITY REVENUE BONDS

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ARTICLE II ADVANCE REFUNDING OF THE REFUNDED SERIES 1991B BONDS Section 201. There is hereby established with the Series 1991 Trustee a segregated trust fund to be designated "Series 1991B Securities Trust Fund - Decatur Memorial Hospital" (the "Securities Trust Fund"). Upon the issuance by the Authority of the Series 1996B Bonds a portion of the proceeds of the sale of the Series 1996B Bonds will be applied in accordance with the provisions of Section 301 of the Series 1996B Bond Indenture and this First Supplemental Bond Indenture. Pursuant to the provisions of Section 301 of the Series 1996B Bond Indenture, a portion of the proceeds of the sale of the Series 1996B Bonds in the amount of $20,564,070.14 will be transferred by the Series 1996B Bond Trustee to the Series 1991 Trustee and, together with moneys in the amount of $75,738.86 transferred by the Series 1991 Trustee from the [Series 1991 Bond Sinking Fund, the Series 1991 Interest Fund and the Series 1991 Reserve Fund], shall be deposited in the Securities Trust Fund. Upon the deposit of such funds, the Series 1991 Trustee shall (i) apply $75,728.86 of the moneys transferred from the [Series 1991 Bond Sinking Fund, the Series 1991 Interest Fund and the Series 1991 Reserve Fund] to the purchase of the Escrow Obligation more fully described in Part I of Exhibit A attached hereto; (ii) apply all $20,564,070.14 of Series 1996B Bond proceeds to the purchase of the Escrow Obligations more fully described in Part II of Exhibit A attached hereto and (iii) hold $10.00 as uninvested cash. The maturing principal of and interest on the Escrow Obligations and the uninvested cash shall be used to pay interest on the Refunded Series 1991B Bonds through and including October 1, 2001, and to redeem on October 1, 2001 all outstanding Refunded Series 1991B Bonds at a redemption price of 102% of the principal amount thereof. From and after the creation of the Securities Trust Fund, the principal of and interest and premium on the Refunded Series 1991B Bonds shall remain the obligations of the Municipality until paid or redeemed as provided herein, but such principal of and interest and premium 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 registered owners of the Refunded Series 1991B Bonds shall not be entitled to or have any rights with respect to the Security for the Series 1991 Bonds, and the Refunded Series 1991B Bonds shall cease to be entitled to any lien, benefit or security under the Series 1991 Bond Indenture except with respect to the Securities Trust Fund. Section 202. Simultaneously with the issuance of the Series 1996B Bonds and the funding of the Securities Trust Fund, and upon receipt by the Series 1991 Bond Trustee of the opinions and certificates required under Article XI of the Series 1991 Bond Indenture and the report of Arthur & Company, certified public accountants, to the effect that the -5-