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EXHIBIT B <br />$2,797,675 Outstanding Principal Amount <br />Improvement Bonds, Series No. 2 <br />(Issued January 25, 1988) <br />Purchase Price: 100.00% of par <br />Dated Date: Closing Date <br />Due Date: January 1, 1996 <br />Coupon Interest Rate: 8.47% <br />Interest Payable: annual interest on January I, commencing January <br />1, 1989 <br />Optional Redemption: at par at any time <br />Scheduled Annual Amortization of principal as follows: eight equal <br />annual principal installments of $349,709.38 each, commencing January <br />1, 1989. <br />