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official capacities (provided that any or all of those <br />signatures may be facsimiles) and shall bear the <br />corporate seal of the Issuer or a facsimile thereof. <br /> <br />is hereby amended to read in full as follows: <br /> <br />Section 4. Terms and Provisions of Pro~ect Bonds. <br /> <br /> (a) Generally. The Project Bonds (i) shall be exe- <br />outed and delivered only in fully registered form, sub- <br />stantially as set forth in Exhibit A to the First Supple- <br />m~nt; (ii) shall be exchangeable for Project Bonds of au- <br />thorized denominations, as provided in the Indenture; (iii) <br />shall be numbered in such manner as to distinguish each <br />Project Bond from any other Project Bond; (iv) shall be in <br />the denominations of $5,000 and any integral multiple <br />thereof but not to exceed the principal amount of Project <br />Bonds maturing on any one date; (v) shall be subject to <br />optional and mandatory redemption in the amounts, upon the. <br />conditions, and at the times and prices set forth in the <br />Indenture; and (vi) shall be dated as of December 1, 1984 <br />b~t as of December 1, 1987. Each Project Bond shall bear <br />interest, in accordance with the Indenture, from the most <br />recent date to which interest has been paid or duly provid- <br />ed for or, if no interest has been paid or duly provided <br />for, from December 1, 1984. <br /> <br /> (b) Interest Rate and Principal Maturity. The Proj- <br />ect Bonds shall bear interest at the rate of twelve and <br />ninety five one-hundredths per centum (12.95%) per annum, <br />payable semiannually on the first day of each June and <br />December, beginning June 1, 1988, until the principal sum <br />shall have been paid or provided for in full, and shall <br />mature on September 1, 2002. <br /> <br /> (c) Execution. The Project Bomds shall be signed by <br />the Mayor ~d the Director of Finance in their official <br />capacities and shall bear the corporate seal of the Issuer <br />or a facsimile thereof. <br /> <br /> Section 2. Approval of and Execution of Documents. This Council <br />hereby consents to, and authorizes and directs the execution'and delivery of, <br />(a) the First Amendment in substantially the form attached hereto as Exhibit A <br />and (b) the First Supplement in substantially the form attached hereto as <br />Exhibit B. The Mayor, the Director of Finance and the Clerk of Council, as <br />appropriate, are hereby authorized and directed to execute the First Amendmemt <br />and First Supplement, together with such certif£cates, financing statements, <br />assignments and instruments as are necessary or appropriate to effect the <br />intent of this ordinance amd to consummate the transactions contemplated and <br />provided for by this ordinance, the First Amendment and the First Supplement. <br /> <br />-3 - <br /> <br /> <br />