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CERTIFICATE OF OBLIGATION, SERIES 2010", and initially there shall be issued, sold, and
<br />delivered hereunder one fully registered certificate, withaut interest coupons, dated April l, 2010,
<br />in the principal amount stated above and in the denominations hereinafter stated, numbered T-1,
<br />with certificates issued in replacement thereof being in the denominations and principal amounts
<br />hereinafter stated and numbered consecutively from R-1 upward, payable to the respective
<br />Registered Owners thereof (with the initial certificate being made payable to the initial purchaser
<br />as described in Section 11 hereof), or to the registered assignee or assignees of said certificates or
<br />any portion or portions thereof (in each case, the "Registered Owner"). The Certificates shall mature
<br />on December 15 in the years and in the principal amounts and interest rates set forth below, interest
<br />on each Cei-tificate accruing on the basis of a 360-day year of twelve 30-day months from April 1,
<br />2010 or the most recent interest payment date to which interest has been paid or provided for at the
<br />per annum rates of interest, payable semiannually on June 15 and December 15 of each year until
<br />the principal amount shall have been paid or provision for such payment shall have been made,
<br />commencing December 15, 2010, as follows:
<br />Principal Interest
<br />Year
<br />Amount Rate
<br />2011
<br />$105,000
<br />2012
<br />105,000
<br />2013
<br />110,000
<br />2014
<br />115,000
<br />2015
<br />125,000
<br />2016
<br />130,000
<br />2017
<br />135,000
<br />2018
<br />140,000
<br />2019
<br />145,000
<br />Principal Interest
<br />Year
<br />Amount Rate
<br />2020
<br />$155,000
<br />2021
<br />160,000
<br />2022
<br />170,000
<br />2023
<br />175,000
<br />2024
<br />185,000
<br />2025
<br />190,000
<br />2026
<br />200,000
<br />2027
<br />210,000
<br />2028
<br />220,000
<br />2029
<br />230,000
<br />Section 3. CHARACTERISTICS OF THE CERTIFICATES. (a) Registration, Transfei,
<br />Conversion and Exchanae; Authentication. The Issuer shall keep or cause to be kept at the corporate
<br />trust office of The Bank of New York Mellon Trust Company, N.A., Dallas, Texas, the "Paying
<br />AgendRegistrar"), books or records for the registration of the transfer, conversion and exchange of
<br />the Certificates (the "Registration Books"), and the Issuer hereby appoints the Paying
<br />Agent/Registrar as its registrar and transfer agent to keep such books or records and make such
<br />registrations af transfers, conversions and exchanges under such reasonable regulations as the Issuer
<br />and Paying Agent/Registrar may prescribe; and the Paying Agent/Registrar shall make such
<br />registrations, transfers, conversions and exchanges as herein provided. The Paying Agent/Registrar
<br />shall obtain and record in the Registration Books the address of the registered owner of each
<br />Certificate to which payments with respect to the Certificates shall be mailed, as herein provided;
<br />but it shall be the duty of each registered owner to notify the Paying Agent/Registrar in writing of
<br />the address to which payinents shall be inailed, and such interest payments shall not be mailed unless
<br />such notice has been given. The Issuer shall have the right to inspect the Registration Books during
<br />regular business hours of the Paying Agent/Registrar, but otherwise the Paying Agent/Registrar shall
<br />keep the Registration Books confidential and, unless otherwise required by law, shall not permit
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