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RESOLUTION NO. 95-75 Notice and Effect of Redemption Notice of such redemption must, not more than 60 days or less than 30 calendar days prior to the redemption date, be filed with the Registrar and be mailed, postage prepaid, by the Registrar to all owners of Bonds to be redeemed at their addresses as they appear on the registration books of the Registrar; provided, however, that failure to mail such notice of redemption to one or more owners will not affect the validity of the proceedings for such redemption with respect to the owners to which notice was duly mailed in accordance with the Resolution. Each such notice will set forth the date fixed for redemption, the redemption price to be paid and, if less than all of the Bonds of one maturity are to be called, the distinctive numbers of such Bonds to be redeemed, and in the case of Bonds to be redeemed in part only, the portion of the principal amount thereof to be redeemed. Upon surrender of any Bond for redemption in part only, the Registrar shall authenticate and deliver to the owner thereof, a new Bond of an authorized denomination equal to the unredeemed portion of the Bond surrendered. In addition to the foregoing notice, notice of redemption shall be sent, at least thirty-two (32) days before the redemption date. by registered or certified mail or overnight delivery service (at the expense of the addressee) to all registered securities depositories then in the business of holding substantial amounts of obligations of types such as the Bonds (such depositories now being DTC; Midwest Securities Trust Company and Philadelphia Depository Trust Company) and to one or more national information services that disseminate notices of redemption of obligations such as the Bonds. For so long as a book -entry only system of registration is in effect with respect to the Bonds, the Registrar will mail notices of redemption to DTC or its successor. Any failure of DTC to convey such notice to any DTC Participants or any failure of DTC Participants to convey such notice of any Beneficial Owner will not affect the sufficiency or the validity_ of the redemption of the Bonds. See "Book -Entry Only System" herein. 3247A ND39=-9/POS-BODY-1 6 84 m 95 �%�USV June 20, 1995