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

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, ,. , , � Escrow Obligations, together with any interest to be earned thereon, and the cash on deposit in the Securities Trust Fund, will be suf�cient to pay the principal of, premium and interest on the Refunded Series 1991B 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 Series 1991 Bonds, insofar as the same relates to the Refunded Series 1991B Bonds; (2) authorize the Munici alit to terminate release and cancel the Series 1991 Loan A reement P Y � g � insofar as the same relates to the Refunded Series 1991B Bonds, except for the ��, indemnification provisions of Section 8.5 thereof, in accordance with the applicable �, provisions thereof; and (3) 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 Series 1991 Bonds, insofar as the same relate to the Refunded Series 1991B Bonds. ARTICLE III DUTIES OF THE SERIE5 1991 TRUSTEE Section 301. The Series 1991 Trustee shall collect the cash proceeds resulting from the payment of the principal of and interest on the Escrow Obligations in the 5ecurities Trust Fund. The Series 1991 Trustee, without further authorization or direction from the Municipality or the Corporation, shall pay the interest on the Refunded Series 1991B Bonds when due through and including October 1, 2001. Such payments shall be made from the Securities Trust Fund and shall be made to the persons entitled thereto as provided in the Series 1991 Bond Indenture. The Series 1991 Trustee is hereby directed to call for redemption on October 1, 2001, all outstanding Refunded Series 1991B Bonds at a redemption price of 102% of the principal amount thereof, 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 Bond Insurer and the registered owners of the Refunded Series 1991B Bonds, not less than 30 days nor more than 60 days prior to the date fixed for redemption, all in accordance with the provisions of Section 503 of the 5eries 1991 Bond Indenture. Such notice shall be in substantially the form attached hereto as Exhibit B. The Municipality, by this First Supplemental Bond Indenture, hereby irrevocably directs the Series 1991 Trustee to mail such notice. The Series 1991 Trustee, without further authorization or direction from the Municipality or the Corporation, shall pay on such redemption date the principal of the Refunded Series 1991B Bonds optionally redeemed pursuant to the provisions of this paragraph and a premium of 2% of the principal amount of such Refunded Series 1991B Bonds. Such payments shall be made from the Securities Trust Fund, and the Series 1991 Trustee shall make such payments to the persons entitled thereto as provided in the Series 1991 Bond Indenture. The Series 1991 Trustee hereby agrees that the provisions for the giving of notice of redemption set forth in this Section 301 satisfy the requirements of Section 503 of the Series 1991 Bond Indenture. -6-