connection with the public competitive sale of the

    Refunding Bonds, which Official Statement shall be

    in substantially the form appended hereto as Exhibit B;

          (c) Formal approval of the "Notice of Sale of

    Refunding Bonds", which Notice shall be in substantially

    the form appended hereto as Exhibit C;

          (d) Approval of all actions taken by the Financial

   Advisor and Bond Counsel in connection with the public

   competitive sale of the Refunding Bonds;

          (e) Receipt and consideration of all purchase bids

   which may be received for the purchasing of the Refunding

   Bonds; and

          (f) Award of the Refunding Bonds to the lowest and

   best bidder, in the sound discretion of the Executive

   Committee.

   The statutory Executive Committee of this Board of Trustees

is hereby expressly authorized and empowered to adopt, approve

and carry out all matters specified in subparagraphs (a) through

(f), above, and in respect of the award of the Refunding Bonds

to the lowest and best bidder, said Executive Conunittee shall,

in its sound and proper discretion, determine upon the date of

sale whether or not the lowest and best bid for such Refunding