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I 84,'- 006618 r ARTICLE III UDDfPTIOK OF BOlDS BEFORE, MATURITY SectiOft 1. (a) The Initial Seri.. of Bond. are subject ,to Issuer prior to IHturity on November 1. 1986. or on any IDtena'i thereafter. in whole or 1n part. at the principal a.ouat interest to date fixed for redemption. plus a redemption with the schedule below. which prealua i. stated as a principal amount: ledeaption Date. (both datea inclu.ive) Iledetlpucm. Pn.!ua November 1. 1986 through October 31. 1987 31 November 1. 1987 throulh October 31. 1988 21 November 1. 1988 through October 31. 1989 1% November 1. 1989 and thereatter Mone '--_'_,______ H,le~ th~~~f the Initial Series ~ Bonds so _~ub~~t --.!~re.empUcm. ace redeemed at anyone time, the amount of such Initial Series of IoDde ...11 .. red....d ratably by ..turity. (b) In addition to the foreloina optional red08pt1cm. ia <a) abage. all of tbe Initial Series of Bonds shall b. .ubject to redemption at the prindpal amount thereof. plus accru.d intere.t to tbe date fix.d for redulptlon. with no red.llpt1on preallHl. Oft the n.xt intere.t pa)'Mat ute followilll purcha.e of tbe Proj.ct by Le.... under subparaaraphe (a). (b). (c). and (d) of Section 20.1 of the L.a.e and Agr....nt. which subparaarapb8 relate to da..ge to or condemnation of the Proj.ct. changee in law or jud...nt of any court ..kina or holdina the Leas. end Aaree..nt void or illp081nl unreaaonable burdene, and enjoining of tbe operation of tbe Project. S.ction 2. Upon receipt ot funds or peraitt.d Obliaations sufficient to ..ke redemption. the Trust.. shall d.danate the redemption date next peraitted or practicable after allowina for time to live the required notice. Notice of the call for auy such r.demption ld.ntlfrios the Iuitlal Series of Bonds to b. r.d....d shall be siven by resister.d or certified ..il to tb. resiatared owner addr.ssed to Buch resistered ownar at his rellstered add rea. 29 L L L u -1