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Authentication. This Certificate shall not be valid or become obligatory for any purpose <br />or be entitled to any security unless the Certificate of Authentication hereon shall have been <br />executed by the Registrar. <br />Qualified Tax ExemVt Qbli&inn. This Certificate has been designated by the Issuer as a <br />"qualified tax-exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue <br />Code of 1986, as amended. <br />11 <br />14290900 <br />