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Authority and are on file with the Executive Director. <br />Section 2. Sale of Series 1998A Bonds. <br />2.01. The proposal of (the "Purchaser ") to <br />purchase the Series 1998A Bonds is hereby found and determined to be a reasonable offer and <br />is hereby accepted, the proposal being to purchase the Series 1998A Bonds at a price of <br />$ plus accrued interest to date of delivery, for Series 1998A Bonds bearing interest <br />as follows: <br />Year of Interest Year of Interest <br />Maturity Rate Maturity Rate <br />2001 2011 <br />2002 2012 <br />2003 2013 <br />2004 2014 <br />2005 2015 <br />2006 2016 <br />2007 2017 <br />2008 2018 <br />2009 2019 <br />2010 <br />True interest cost: <br />2.02. The Executive Director is directed to retain the good faith check of the Purchaser, <br />pending completion of the sale of the Series 1998A Bonds, and to deliver the good faith check <br />to the Trustee upon the issuance of the Series 1998A Bonds. The Executive Director shall return <br />the good faith checks of the unsuccessful proposers forthwith. <br />2.03. The Authority will forthwith issue and sell the Series 1998A Bonds in the total <br />principal amount of $5,350,000, originally dated August 1, 1998, in the denomination of $5,000 <br />each or any integral multiple thereof, numbered No. R -1, upward, bearing interest as above set <br />forth, and which mature serially on February 1, in the years and amounts as follows (subject to <br />redemption and prior payment as set forth in the Indenture): <br />Year Amount Year Amount <br />2001 $165,000 2011 $290,000 <br />2002 175,000 2012 305,000 <br />2003 190,000 2013 325,000 <br />2004 205,000 2014 340,000 <br />2005 195,000 2015 360,000 <br />2006 210,000 2016 380,000 <br />2007 230,000 2017 405,000 <br />2008 250,000 2018 430,000 <br />2009 270,000 2019 455,000 <br />2010 170,000 <br />BMB144999 <br />LN140 -60 <br />