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JAN 19 '95 04 :18PM EHLERS & ASSOCIATES <br />P.13/28 <br />neither the Issuer nor the Bond Registrar shall be affected by <br />notice to the contrary. <br />Authentication. This Bond shall not be valid or become <br />obligatory for any purpose or be entitled to any security unless <br />the Certificate of Authentication hereon shall have been executed <br />by the Bond Registrar. <br />Qualified Tax-EXeMpt Obligation. This Bond has been <br />designated by the Issuer as a "qualified tax - exempt obligation" <br />for purposes of Section 265(b)(3) of the Internal Revenue Code of <br />1986, as amended. <br />ABBREVIATIONS <br />The following abbreviations, when used in the inscription on <br />the face of this Bond, shall be construed as though they were <br />written out in full according to applicable laws or regulations: <br />TEN COM - as tenants in common <br />TEN ENT - as tenants by the entireties <br />JT TEN - as joint tenants with right of survivorship <br />and not as tenants in common <br />UTMA - as custodian for <br />(Cust) (Minor) <br />under the Uniform <br />(state) <br />Transfers to Minors Act <br />Additional abbreviations may also be used <br />though not in the above list. <br />281035.1 14 <br />Page 28 <br />