|
in the sort.. 1993 dinklns Pum. scram., am ether .anunla da"'t[ed so the
<br />Bond—selection fud *Iloosble to the Series 1991 bond+ +hall be held In she
<br />3eela' 1991 sold Nersi.tl. Swiss. Pswtnts' and .the, A --I. d.,..4—to the
<br />Ra"two
<br />.cmmt .11_.bia to the Sell. 1993 Sond+ zhall be held in the Sella
<br />1993 NA. r A, wow. The imen fur lm-et.nC .f In. der.+ 1991 Slnking Fund
<br />am the Sort.. 1993 Be..". A—un, during + r—cocile per Gd of tree fro+ the
<br />dare of I..—. of ell Sezl.e 1993.re, .. allied by ....quill...taction
<br />o[ She Boa., .ball be depo.lted Into the Silica 1993 Rebate Account l* the
<br />•+ Got required am the .... a, IL any
<br />Into the Sea. 1993 Sinking land end
<br />earls.& .w
<br />clt.ly for the parasol of IG+i
<br />...ac first b.eong due on the Sort..
<br />1993 gums.
<br />SECTION 19. PSOEPOM FOR MYRRRS OF SERIES 199) Miss PURSUANT TO THE
<br />SMI 1993 BOND 113uRMCS IOl3CY. the following provLet.— shall 6-a. payee -
<br />e[ Sac lac Sorosevant 1993 purto ch. Sets- 1993 err I ... ra.. policy:
<br />199] (1)tAnltirdypsUt1h thaipitil, "to 1- th
<br />stdu.n
<br />srell+AM interest
<br />onthg ae[e
<br />able t. pay .11 of 3arty-
<br />Gclse 1991 Sold. do.aon
<br />soh date, the Uytos Agset -jail SensoiaGly -bit, the sued insurer end
<br />Cll.sok, N.A., Kms York, N. York, or Ire • a Its fiscal Agent (the
<br />•atoll Agent-) of the Bows of awh 4ftet.-y.sol! by .td Inter.+ portent
<br />date tau .wty hu mt pYmlOed the +wont of such d.f1.G-y, the B..
<br />Rest rt +hail .acacia+-awiy use Wa1Lbl. to th. sem Incus" nd G the
<br />Ite9al Aj or he To, Wall n books for the Gll. ml sonde .Ines load by t-
<br />send Redia..,. In =Ill..:
<br />(A) the Versus Agent .hall pra.IG the Bond Insurer With • list of
<br />flatstndhold.re entitled to Teralw principal of lntetest psya.ta fres
<br />the Som 1—, undo[ she tern o[ torSerisa 1993 Gam Insv:ante Poti<y
<br />am shall Aske a— manta fol aha tom Insult and Its Fiscal Asset (1)
<br />to -ll haeG or drafts [o Sondholdm .titled t coraw toll o
<br />Partial
<br />tntarest Pay.n" few the Sold insurer And (2) to 9aY Pr[.I 'I
<br />of the Basi. 1993 Soma t rnmend to [hs Fiscal As— by the
<br />Soodhalds so .titled to nGtve full or partial pll-lpal PM"ls 1..
<br />,be Soul imsur•r; and
<br />(B) The paying As. hall, at the it. she regGtretlou bloke an
<br />NASA .a17aD1' to the Sold ins r puiauanto (A) above, -ilFr
<br />ft Idsre .titled to .Glu the paynnt of ptincip.t of or ll—pr
<br />. on
<br />,he Beet1991 Bonds fro. the Som Insurer (1) • sthe face of such
<br />entitlernt, (2) that the bond lours will elect to this -11 a of
<br />the n
<br />inter.. p -.t .Ind du., (3) that, . a's a. peovtEeb to
<br />slash (it hot-. In the went that Any Bondholder Is ontltled to
<br />talcs Rult .ymnc of pri.Ipal frow the Bold 1. ..... .th 5.—Idar
<br />.Ass grMr hse Lord rich the ins of er -G, in the f,en p ... ldad
<br />on the bam .Gcuted to she -w of th. Send imw+r, and (A) the.. Arw
<br />ac provlMtl In p—M.Ph (11) holo, In the .vent that such eondAolder la
<br />.Rltsed tore los p....I paya.nt of principal IM the Som stew",.
<br />such Bondhaldrr at t.m.r h[. Som fns, peyeont IS at s the paying
<br />Ascot. which hall -t. on awh Boom eh. pore loo of princlpal paid by the
<br />Payind Asset, am than, with the fan of --afar .+ toad to the -0e of
<br />the Som Insurer, so the floral Agent, Mich will than pay the u.paid
<br />Fission of principal to the hot.Owld..
<br />(i1) In the aunt that the Pey"s Agent be. mile. that any papal' of
<br />prinrlp.I of or Inta[.a[ o a Sarlea 1993 Mrd hes been r red Ella a
<br />Bondholder put .... t , sheUnitedS.ret B-nk.ptey Cods by aA trustee in
<br />b.k.ptcy ine..orda-e with the final, rwneyy.table order of a court haven;
<br />Dopar... Jurt.dlctlon, the Peyln6 Agent *hall, et the if.. It provide. -cica
<br />to he Sona tnsur", otl[y .11 Aondhold.ra that In aha a that any
<br />...dhalder's pay"-, to co "Covered, such Bond -Id -t will be •-tete& to ps".or
<br />is_ the
<br />pond I-u.r sothea of such . Y. and the PAying A&., +hall
<br />Furnish to the bond Insurer it.s records "ldeneing the payoWt. of p,lncipu .f
<br />am color— an the Sart" 1993 Sonde Mich "-been
<br />aide by the Paying Agana
<br />and .b.sq ..it, ra —rel fila EondhoidaG, And +fie date, on Micit such p.ya.nte
<br />rose ad..
<br />(ill) Sha Eor In .. shall, so tbe -:tont it sake, Fayaent of Fri., pal
<br />of or In".aei a the 9orlea 199) pond., becose Wbrogi"0 to Che rtghta of th
<br />ac lot..,. a[ ...h p.ya+n. In at—u.or- with the I. - of the Perla. "'1 Eur
<br />Inawra-s Poitcyem. In vide -e wh eubrogatton, (1) to aha - o,
<br />-ubroeerton " to claims for pa. due tots.", the Bar Ra/tecta, -hall lot. the
<br />gaud to—W.Yl Shia A. cub s.... on she "gl-tratlo- honk- aslntliled by the
<br />Bond R.t.t"i upon ':..to' Trop C- Pool Insurer .f proof of 'be psy.nt o1
<br />1-1— th.r— to t- B.ndholdara of such Part. 199) Bond. ar (2) In the —.of .ubroµClon .. to list.. for past du. princlpel, th. gond Real. tr-r •halt nota
<br />the Ear I ... car.. rllh,... catcall. An the re&tet... I.. book- For be Soltea
<br />199) .oda aalntslnW by the $Old Ragt.t Gr upon "cespt of —E of the peya.n
<br />of prtnctpal ch.—f to
<br />the ..ndhotde" of such s"". 199) Sold.
<br />Noll I Marauding ,n thiug in this R ... lutlon to the c-l-ty, the Paying Agan,
<br />.halt —Us y.Pon, at such p -at dow Interest am pave due pri-ip-i &stet<ty to
<br />the Pond Into— to the r. our Chas the .and Insurer I. • aub.gae with respect
<br />than".
<br />(Iv) The ..,it. tddreee.. for he Aor Insurer and the Fiscal agent .hell
<br />be fallow, or any such o,hac add "as a the gond Insurer or Ft-tal Alan,
<br />shall -ubaequ.tly provide to the paylo& Agent in wrltin&:
<br />Financial Cusrenay lu.—Oct Crop.,
<br />135 a.adv.y
<br />He- York, Nov York 1000E
<br />st ion: —.1.1 Co—I
<br />Citt-nk, N.A.
<br />20 Each..&. Place • Itch Floor
<br />N. York. Has York 10005
<br />.creel.+: nunVestal Trutt and Ap-y
<br />9ervlcos Ad.lnlatrat len.
<br />.Eaton 20. 0PLICATtUE or SERM 1991 BOND "'Elf". All .nay.
<br />trio& Ills the -It ins isle. 199) Bond- ,hall be deposited and .pilled
<br />by the County e. fol lour:
<br />A. All .—H.d lot*..t Five, at t-Iptlon of the County A, specified by
<br />-M.equ.nt ...lutlon of the &old, - t which, logics,r with the lures.
<br />..posted to be deporttad Into the IS" Stnktn0 IoM pursuant to taction it
<br />ha"ot, will .quaff all - a portion of 'he
<br />InGceat . aha Srr Ut 1991 Boma for
<br />Lot* O Gu.e IOd of t-, fro,Nerd : ear of leswiwe thaorf shall be d.p,tlted
<br />{ n appl I., eetlw4vely for aha pey.ent et
<br />Interest (tilt becoming due on the Sertsa 1991 Bonds.
<br />In
<br />the Mom Art -ori agwl the Ross". Account Ggnlraeent o ell
<br />(2) iha w o[ Any b.m Aeeeune Cradle [nser.wn[ .hall
<br />2)
<br />- ding donee, '-h .Hunt to be paid aver the +owing
<br />.......
<br />b sub to m.i s at . e .sen of w -.i sw."bA . the
<br />J p p
<br />bed ruurar in [en Sod AubaG-* adCtefactery to the Sold inswar
<br />Years I. equal (natattaence &lour IGd at least sect'.—catty e! (Ii)
<br />replace such I-twset rIth mth.I Sol— Account Credit
<br />=---
<br />As to the dus tuth.,Wrio......Here, dallvsry and enf.rteablllty
<br />In.t -out .Rhin six ..the o! 'acts, occurs -a. 1. 'he Avant (a)
<br />of h i.ttusnt In Aceotdr-s vlth Its tens, .bJ.t G
<br />the ratted of the claiu•yarins abfltty of the [.suer .f she c ety
<br />msyllcable im Aff.crIA!..oil .. right. p -relit', and. to the
<br />not tM 4. o[ .wh credit /ncttaunt G rot a doasatic .nfl Cy,
<br />O., or I -acre -a poilcy fell! ball. •A•, or (b) he retire{ otlthe
<br />..... of aha Istat of credit lata. helot •A•or (C) the I+aur! of
<br />. "lot.. of .4t. .—.1 in [ n And .white -e msitof-eto[y G
<br />the Rend Inouree. in addition, Ci» we of co trievo<abis latter of
<br />the R... - Acwunt , out. taatrwent &I.; !n iia peya.ac
<br />obi tsatlens here.nd.r, Ar (d) the I....r at the 2..rv. Account
<br />a [salt -hall Bos eubJ.t to Yor P, of + opinlan et counsel
<br />Credit Imcr=, O.co.t I-olvent, Na County than either (1)
<br />nptabl. to the Bond Insurer to fen and Aubar.-r aatlafactory to
<br />deposit into theso
<br />0.eeerv. Mco-t an sou [ t tflctent a I . the
<br />aha sem insurer to the affair that paynnte under awh letter of
<br />rest, void roe consel.G Amdahl. pcafen-.. waver Sactlon 511
<br />..h or panteted tmeet.nts on dapwitntn the to
<br />e—I the R..m -Count regatrewne an ell au[a[.... Banda, .wh
<br />a[ the Hotted State, Bankroptey Coda o similar Florida lava vies,
<br />aocuat to be paid over ins ensuins yeti In pual 1--11nntl on at
<br />antdabla pr.Grenee 9-1.1 to in the +rant of tree tilt's of a
<br />t.at a.nthty beta, or (ff) [.plan ouch t-t—A with a- at
<br />.the chilled
<br />LIII—fib. lint by the Bo -ata (or anavpsay do Ac<o Or
<br />y a { 7 y at
<br />stews"+ A.sWnt Cradle Inatw.n[ vlthln alx month. of auto
<br />ranee.
<br />party WAST the latter of credit),
<br />to
<br />(3) Theabllµblon to r,i br,, the I.usr of • Pact—cl-lms
<br />(5) where eppllosbG, the eon —class. far dow- o
<br />Older . R.asm Account Credit Instrusanc may be rad.ced by
<br />any tan or espan closer or
<br />Poen-t Credit Icer—at
<br />the . or cAshor p.nt'.d I ....te deposited in the RaaIlle
<br />d—iF.n such "earn us— Credit i-twenc +hail be
<br />'ubord(-G to the peywos of debt acrvlea on the Bold.. The -ht
<br />Account purs...t to either clause (I) of the preceding cusp—ap,ph
<br />(A).
<br />of the I.s-, of A Race— A.,— Clads, loatroment to Pirelli or
<br />ret.ksoncerat of In fat am expa-+e +bell be owbocdi-ted to cash
<br />.pl.nseh.a t: of the 4.m Account, W, .ub)aor [ she .....0
<br />(d) Cash on deposit in the Reeesv. Account *halt be used (or
<br />I,,::!, t. ,11, *led rich eurh ...It +Pill be liquidated and the
<br />.ad".�ume. lG Plot to'A"'ue.nor for .let- or area
<br />It. sada app)led a xequ!"d) prior to any drawing o any "$or"
<br />.hall be An a parry with the Each r-pl.ntahr- of the Ross-.
<br />acrowt Credit sotto+.. it and co aha • ret char vara then area
<br />A .Aur the 4.m seetwt Credit lotrueent .hall provide for I
<br />nlvtod Csctwa older which the amount ..iseble th.reund. Will
<br />R ..— At— Credit 1-[rwA.nt Is deposited In the R.11—
<br />Account. dr.lnge th—under and np.yosnta of a .cl—S
<br />be titillated to the .rt-nt of any raft bw.nat of draw, at ilei.
<br />"Arrvith +bell be Sade on a qro rata ball,, ealcul.red by rafer—
<br />pall. If the t volvlay lien,* G swprmAd or tenlnsted for any
<br />IAA r/dht of all Sswr of b- RG a Account Credit
<br />to the ...leu.. -unto +vallabla th.... ldar.
<br />i-Yr+rnY to cefob weralw t .ill be further aWardtnated to cash
<br />2. VARIABLE RATE dbL3dAti0.Y5, IE the County at any tree -bail 'a...r.ysenGhwnt
<br />of aha "'a— Mamma t equal s rbc
<br />dltGn-s be—.. the full 0!1&1-1 A'wo +.+suable under she
<br />Addlllonsl PAcicy Bond. the Interest G on witch le nor e".bllahrd at the aloe
<br />of t"uan<e a single n aslcal rare wish —se., t ..h . urlty th.... I
<br />eBotda•),
<br />seA rion, Credit I.,ti . An, he Seo—t then -.liable for
<br />('Vex Gbie Rase then such Wriest. Race a...o shall, far pulpos" of
<br />=
<br />earthat it— a closes, ie tau avant (a) the I.— of a Reearve
<br />Aeeowt ..WI[ I.1—ol be.—. l-olnnt, or (b) .. Ga of a
<br />lots Aasolutlon, o e far the pl—t-Gn. With ,.pact to p.ysanc of lntere.i
<br />thereon to 11, holder. ,red r..I.,ad owe. there. t, by aa.—ad to be., Interest
<br />us, I mcowc Credit I-tnr- default. in it, pay"nt
<br />a fixed rate sgwl co the higher of (e) 9.29 and (b) the highest lot—al vote
<br />eEilµttep. thareNd-r, or (e) Pro rat.+ of he claim paYtag
<br />"fifty of the lasuat of the Insurance yeller o esty bond /011.
<br />born+ over the paoc.ding 21 soothe b` any .—t-0,8 Variable Rete Bond,. or if
<br />such V"table tete bonds . he ciao outstanding, by wrlabl, r a debt
<br />below ---by BAP and •aac•gnody'a eepacttv.ly, at (d) the rating
<br />for Mich the interest r . so entranced by ta... me t n tMax coar-al, t
<br />of CM 1 -aver of the letter of credit fail* below •M• by S&P and
<br />•N• by K-4.-, [b µ
<br />. oblitton t tiseburee ss,. I.u. of the
<br />that to be uttlt,ad to docawtning the cuts... G. for the Vortabi. Rate Some
<br />than Trip ... d to be I .... d.
<br />Ral— Account Credit I-ttlealt 'hall be subordinate 1. the cash
<br />nPIWAl..nt of the sesssn Acsasvrc.
<br />SECTION Is, 199) FUNDS ARP Account. To... 1. hereby
<br />(a) In the +vont (a) .. x nlvtng '-'.letamsnt [.tura
<br />at",, had the •Sart. 1993 SS-I.y Fwd• within ch. Slotting hand, the •Sart.
<br />&scribal /n the placating, subpuaziaph (1) to wpeload o
<br />tent -ted, or (b) the callus of the clad paying All 11ty of the
<br />199, Som anu citation )Lm' within the band Aecrcte, too Fur and the •Sart+.
<br />199) Res.rva Account• within the Resasv. Account. The Seri. 1993 Stnking Fund.
<br />l ,", of the .war, hem or t --ante Fol try [all. bila. •AM- by
<br />the Sort. 199) bond Al4ftllasi.. hand old the Sort.. 199) R.I.— Account shall
<br />SAP W •Ams• by Novay's, ex (e) the rating of the I...z o! the
<br />let of credit fall. below •M• by Sd9 std •AA• by Hardy'., she
<br />of In any earns, what—, affect the partly of the Sond- and sre .tabiish.4
<br />mately Eor Che • -ting ca entente of the Col, . R—cole and that Aur
<br />Is— shall either (1) deposit Into the R.lsTwo Account •
<br />Suffielant to .lac [hs dean itparented inv.wnt. on depots, I.
<br />depet teed In the Slnking )Lod ailo.bla [o the S"Gs 1991 bonds Wil b. hold
<br />in the sort.. 1993 dinklns Pum. scram., am ether .anunla da"'t[ed so the
<br />Bond—selection fud *Iloosble to the Series 1991 bond+ +hall be held In she
<br />3eela' 1991 sold Nersi.tl. Swiss. Pswtnts' and .the, A --I. d.,..4—to the
<br />Ra"two
<br />.cmmt .11_.bia to the Sell. 1993 Sond+ zhall be held in the Sella
<br />1993 NA. r A, wow. The imen fur lm-et.nC .f In. der.+ 1991 Slnking Fund
<br />am the Sort.. 1993 Be..". A—un, during + r—cocile per Gd of tree fro+ the
<br />dare of I..—. of ell Sezl.e 1993.re, .. allied by ....quill...taction
<br />o[ She Boa., .ball be depo.lted Into the Silica 1993 Rebate Account l* the
<br />•+ Got required am the .... a, IL any
<br />Into the Sea. 1993 Sinking land end
<br />earls.& .w
<br />clt.ly for the parasol of IG+i
<br />...ac first b.eong due on the Sort..
<br />1993 gums.
<br />SECTION 19. PSOEPOM FOR MYRRRS OF SERIES 199) Miss PURSUANT TO THE
<br />SMI 1993 BOND 113uRMCS IOl3CY. the following provLet.— shall 6-a. payee -
<br />e[ Sac lac Sorosevant 1993 purto ch. Sets- 1993 err I ... ra.. policy:
<br />199] (1)tAnltirdypsUt1h thaipitil, "to 1- th
<br />stdu.n
<br />srell+AM interest
<br />onthg ae[e
<br />able t. pay .11 of 3arty-
<br />Gclse 1991 Sold. do.aon
<br />soh date, the Uytos Agset -jail SensoiaGly -bit, the sued insurer end
<br />Cll.sok, N.A., Kms York, N. York, or Ire • a Its fiscal Agent (the
<br />•atoll Agent-) of the Bows of awh 4ftet.-y.sol! by .td Inter.+ portent
<br />date tau .wty hu mt pYmlOed the +wont of such d.f1.G-y, the B..
<br />Rest rt +hail .acacia+-awiy use Wa1Lbl. to th. sem Incus" nd G the
<br />Ite9al Aj or he To, Wall n books for the Gll. ml sonde .Ines load by t-
<br />send Redia..,. In =Ill..:
<br />(A) the Versus Agent .hall pra.IG the Bond Insurer With • list of
<br />flatstndhold.re entitled to Teralw principal of lntetest psya.ta fres
<br />the Som 1—, undo[ she tern o[ torSerisa 1993 Gam Insv:ante Poti<y
<br />am shall Aske a— manta fol aha tom Insult and Its Fiscal Asset (1)
<br />to -ll haeG or drafts [o Sondholdm .titled t coraw toll o
<br />Partial
<br />tntarest Pay.n" few the Sold insurer And (2) to 9aY Pr[.I 'I
<br />of the Basi. 1993 Soma t rnmend to [hs Fiscal As— by the
<br />Soodhalds so .titled to nGtve full or partial pll-lpal PM"ls 1..
<br />,be Soul imsur•r; and
<br />(B) The paying As. hall, at the it. she regGtretlou bloke an
<br />NASA .a17aD1' to the Sold ins r puiauanto (A) above, -ilFr
<br />ft Idsre .titled to .Glu the paynnt of ptincip.t of or ll—pr
<br />. on
<br />,he Beet1991 Bonds fro. the Som Insurer (1) • sthe face of such
<br />entitlernt, (2) that the bond lours will elect to this -11 a of
<br />the n
<br />inter.. p -.t .Ind du., (3) that, . a's a. peovtEeb to
<br />slash (it hot-. In the went that Any Bondholder Is ontltled to
<br />talcs Rult .ymnc of pri.Ipal frow the Bold 1. ..... .th 5.—Idar
<br />.Ass grMr hse Lord rich the ins of er -G, in the f,en p ... ldad
<br />on the bam .Gcuted to she -w of th. Send imw+r, and (A) the.. Arw
<br />ac provlMtl In p—M.Ph (11) holo, In the .vent that such eondAolder la
<br />.Rltsed tore los p....I paya.nt of principal IM the Som stew",.
<br />such Bondhaldrr at t.m.r h[. Som fns, peyeont IS at s the paying
<br />Ascot. which hall -t. on awh Boom eh. pore loo of princlpal paid by the
<br />Payind Asset, am than, with the fan of --afar .+ toad to the -0e of
<br />the Som Insurer, so the floral Agent, Mich will than pay the u.paid
<br />Fission of principal to the hot.Owld..
<br />(i1) In the aunt that the Pey"s Agent be. mile. that any papal' of
<br />prinrlp.I of or Inta[.a[ o a Sarlea 1993 Mrd hes been r red Ella a
<br />Bondholder put .... t , sheUnitedS.ret B-nk.ptey Cods by aA trustee in
<br />b.k.ptcy ine..orda-e with the final, rwneyy.table order of a court haven;
<br />Dopar... Jurt.dlctlon, the Peyln6 Agent *hall, et the if.. It provide. -cica
<br />to he Sona tnsur", otl[y .11 Aondhold.ra that In aha a that any
<br />...dhalder's pay"-, to co "Covered, such Bond -Id -t will be •-tete& to ps".or
<br />is_ the
<br />pond I-u.r sothea of such . Y. and the PAying A&., +hall
<br />Furnish to the bond Insurer it.s records "ldeneing the payoWt. of p,lncipu .f
<br />am color— an the Sart" 1993 Sonde Mich "-been
<br />aide by the Paying Agana
<br />and .b.sq ..it, ra —rel fila EondhoidaG, And +fie date, on Micit such p.ya.nte
<br />rose ad..
<br />(ill) Sha Eor In .. shall, so tbe -:tont it sake, Fayaent of Fri., pal
<br />of or In".aei a the 9orlea 199) pond., becose Wbrogi"0 to Che rtghta of th
<br />ac lot..,. a[ ...h p.ya+n. In at—u.or- with the I. - of the Perla. "'1 Eur
<br />Inawra-s Poitcyem. In vide -e wh eubrogatton, (1) to aha - o,
<br />-ubroeerton " to claims for pa. due tots.", the Bar Ra/tecta, -hall lot. the
<br />gaud to—W.Yl Shia A. cub s.... on she "gl-tratlo- honk- aslntliled by the
<br />Bond R.t.t"i upon ':..to' Trop C- Pool Insurer .f proof of 'be psy.nt o1
<br />1-1— th.r— to t- B.ndholdara of such Part. 199) Bond. ar (2) In the —.of .ubroµClon .. to list.. for past du. princlpel, th. gond Real. tr-r •halt nota
<br />the Ear I ... car.. rllh,... catcall. An the re&tet... I.. book- For be Soltea
<br />199) .oda aalntslnW by the $Old Ragt.t Gr upon "cespt of —E of the peya.n
<br />of prtnctpal ch.—f to
<br />the ..ndhotde" of such s"". 199) Sold.
<br />Noll I Marauding ,n thiug in this R ... lutlon to the c-l-ty, the Paying Agan,
<br />.halt —Us y.Pon, at such p -at dow Interest am pave due pri-ip-i &stet<ty to
<br />the Pond Into— to the r. our Chas the .and Insurer I. • aub.gae with respect
<br />than".
<br />(Iv) The ..,it. tddreee.. for he Aor Insurer and the Fiscal agent .hell
<br />be fallow, or any such o,hac add "as a the gond Insurer or Ft-tal Alan,
<br />shall -ubaequ.tly provide to the paylo& Agent in wrltin&:
<br />Financial Cusrenay lu.—Oct Crop.,
<br />135 a.adv.y
<br />He- York, Nov York 1000E
<br />st ion: —.1.1 Co—I
<br />Citt-nk, N.A.
<br />20 Each..&. Place • Itch Floor
<br />N. York. Has York 10005
<br />.creel.+: nunVestal Trutt and Ap-y
<br />9ervlcos Ad.lnlatrat len.
<br />.Eaton 20. 0PLICATtUE or SERM 1991 BOND "'Elf". All .nay.
<br />trio& Ills the -It ins isle. 199) Bond- ,hall be deposited and .pilled
<br />by the County e. fol lour:
<br />A. All .—H.d lot*..t Five, at t-Iptlon of the County A, specified by
<br />-M.equ.nt ...lutlon of the &old, - t which, logics,r with the lures.
<br />..posted to be deporttad Into the IS" Stnktn0 IoM pursuant to taction it
<br />ha"ot, will .quaff all - a portion of 'he
<br />InGceat . aha Srr Ut 1991 Boma for
<br />Lot* O Gu.e IOd of t-, fro,Nerd : ear of leswiwe thaorf shall be d.p,tlted
<br />{ n appl I., eetlw4vely for aha pey.ent et
<br />Interest (tilt becoming due on the Sertsa 1991 Bonds.
<br />
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