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I. Section 18 of the Resolution is hereby amended to <br />read as follows: <br />"SECTION 18. DEFEASANCE. If, at any time, the Issuer <br />shall have paid, or shall have made provision for payment of., the <br />principal, interest and redemption premiums, if any, with respect <br />to any of the Bonds, then, and in that event, the pledge of and <br />lien on the Pledged Funds in favor of the Registered Owners of <br />such Bonds shall be no longer in effect. For purposes of the <br />preceding sentence, the deposit of Federal Securities in irrevo- <br />cable trust with a banking institution or trust company, for the <br />sole benefit of the Registered Owners of such Bonds, in an amount <br />such that the principal of and interest on such Federal <br />Securities will be sufficient to pay when due the principal, <br />interest_ and redemption premiums, if any, on such outstanding <br />Bonds, shall be considered 'provision for payment.' For the pur- <br />poses of this Section, amounts paid by AMBAC under the municipal <br />bond insurance policy shall not be deemed paid pursuant to this <br />Section, and shall continue to be due and owing until paid by the <br />Issuer in accordance with this resolution. Nothing herein shall <br />be deemed to require the Issuer to call any of such outstanding <br />Bonds for redemption prior to maturity pursuant to any applicable <br />optional redemption provisions, or to impair the discretion of <br />the Issuer in determining whether to exercise any such option for <br />early redemption." <br />J. Section 21 of the Resolution is hereby amended to <br />read as follows: <br />"SECTION 21. MODIFICATION OR AMENDMENT. No material <br />modification or amendment of this resolution or of any resolution <br />amendatory hereof or supplemental hereto, may be made without the <br />consent in writing of the Registered Owners of 51% or more in <br />aggregate principal amount of the Bonds then outstanding, or the <br />Registered Owners of all the Bonds to be affected by such modifi- <br />cation or amendment; provided, however, that no modification or <br />amendment shall permit a change in the maturity of such Bonds or <br />-10- <br />