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<br />If any
<br />Terms
<br />charge
<br />
<br />
<br />visions of this Terms of Proposal conflict with information provided by P ARITY@, this
<br />f Proposal shall control. Further information about P ARITY@, including any fee
<br />may be obtained from:
<br />
<br />ARITY@, 1359 Broadway, 2nd Floor, New York, New York 10018
<br />ustomer Support: (212) 849-5000
<br />
<br />DETAILS OF THE BONDS
<br />
<br />
<br />ds will be dated July 15, 2006, as the date of original issue, and will bear interest
<br />n February I and August 1 of each year, commencing February I, 2007. Interest will
<br />ted on the basis of a 360-day year of twelve 30-day months.
<br />
<br />The Bo ds will mature February 1 in the years and amounts as follows:
<br />
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />
<br />45,000
<br />585,000
<br />745,000
<br />775,000
<br />805,000
<br />
<br />2018 $ 840,000
<br />2019 $ 880,000
<br />2020 $ 915,000
<br />2021 $ 960,000
<br />2022 $1,000,000
<br />
<br />2023 $1,045,000
<br />2024 $1,095,000
<br />2025 $1,145,000
<br />2026 $1,200,000
<br />2027 $1,255,000
<br />
<br />2028 $1,315,000
<br />2029 $1,380,000
<br />2030 $1,445,000
<br />2031 $1,515,000
<br />2032 $1,585,000
<br />
<br />*
<br />
<br />The ity reserves the right, after proposals are opened and prior to award, to increase or reduce the principal
<br />am t of the Bonds offeredfor sale. Any such increase or reduction will be made in multiples of$5,000 in any
<br />of t maturities. In the event the principal amount of the Bonds is increased or reduced, any premium offered
<br />or discount taken by the successful bidder will be increased or reduced by a percentage equal to the
<br />per ntage by which the principal amount of the Bonds is increased or reduced
<br />
<br />Propos
<br />bonds
<br />a pnce
<br />schedu
<br />Term
<br />
<br />s for the Bonds may contain a maturity schedule providing for a combination of serial
<br />d term bonds. All term bonds shall be subject to mandatory sinking fund redemption at
<br />f par plus accrued interest to the date of redemption and must conform to the maturity
<br />set forth above. In order to designate term bonds, the proposal must specify "Years of
<br />aturities" in the spaces provided on the Proposal Form.
<br />
<br />The B
<br />Bonds
<br />repres
<br />registe
<br />New
<br />purch
<br />of a s
<br />partici
<br />registe
<br />DTC
<br />
<br />
<br />BOOK ENTRY SYSTEM
<br />
<br />ds will be issued by means of a book entry system with no physical distribution of
<br />ade to the public. The Bonds will be issued in fully registered form and one Bond,
<br />ting the aggregate principal amount of the Bonds maturing in each year, will be
<br />d in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"),
<br />rk, New York, which will act as securities depository of the Bonds. Individual
<br />s of the Bonds may be made in the principal amount of $5,000 or any multiple thereof
<br />gle maturity through book entries made on the books and records of DTC and its
<br />ts. Principal and interest are payable by the registrar to DTC or its nominee as
<br />d owner of the Bonds. Transfer of principal and interest payments to participants of
<br />II be the responsibility of DTC; transfer of principal and interest payments to beneficial
<br />by participants will be the responsibility of such participants and other nominees of
<br />al owners. The purchaser, as a condition of delivery of the Bonds, will be required to
<br />e Bonds with DTC.
<br />
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