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200510850 "Project" - the Corporation's interest in the Site by virtue of the easement rights provided for in the Agreement, together with the approximately 25,000 square foot library addition to be constructed on the Site, and all furniture, fixtures, equipment and improvements to be constructed and acquired as specified under the terms of the Agreement (See Exhibit A). "Project Manager" shall mean the City's Library Director as such officer shall be designated by the City from time to time, acting on behalf of the Corporation and the City, or as alternate, the City's Finance Director as such officer shall be designated by the City from time to time, also acting on behalf of the Corporation and the City, and any other alternate or substitute designated by the Corporation and approved by the City. "Rebate Analyst" shall mean any Accountant or other recognized expert in the area of preparing analyses with respect to liability for arbitrage rebate under Scetion 148 of the Code. "Rebate Fund" shall mean the Rebate Fund established with the Trustee in Section 5.10 of Article V of this Indenture, the monies on deposit in which are to be disbursed as provided in Section 5.10 of Article V hereof. "Site" - the real estate described on Exhibit A attached hereto. "Tax- Exempt Organization" - a Person organized under the laws of the United States of America or any state thereof which is an organization described in Section 501(c)(3) of the Code, which is exempt from federal income taxes under Section 501(a) of the Code, and which is not a "private foundation" within the meaning of Section 509(a) of the Code, or corresponding provisions of federal income tax laws from time to time in effect. "Underwriter" --- Ameritas Investment Corp., the purchaser of the Building Bonds under the terms of the Bond Purchase Agreement. ARTICLE II ISSUANCE AND EXECUTION OF BUILDING BONDS Section 2.01. Building Bonds in the aggregate principal amount of Seven Million Dollars ($7,000,000) shall be issued by the Corporation as soon as practicable on or following the date of execution of this Indenture and the proceeds thereof shall be delivered to the Trustee and deposited by the Trustee in the Costs of Issuance Fund and the Construction Fund, each as created by Article VI of this Indenture. Section 2.02. The bonds issued hereunder shall be designated "Building Bonds (Library Project), Series 2005" and shall be issued in the principal amount of Seven Million Dollars ($7,000,000) in the denomination of $5,000 or any integral multiple thereof. Said Building G