(a) That a contract for architectural services and/or
construction contracts have been entered into for the construction
of the Series o Project, and the fees to be paid to such Architect
and/or the amount of such contracts will exceed 5% of the net sale
proceeds of the Series 0 Bonds;

          (b) That work on the building has commenced or will
commence within six (6) months from the date of issuance of the
Series 0 Bonds;

          (c) That construction on the Series 0 Project will
proceed thereafter to completion with due diligence on the part of
the Board, and that at least 95% of the spendable proceeds of the
Series 0 Bonds will be expended on the cost of the Series 0 Project
within less than three (3) years from the date of issuance of the
Series 0 Bonds.

          (d) That the original proceeds of the Series 0 Bonds
will not exceed by more than 5% (or any percent) the amount neces-
sary to complete the construction of the Series 0 Project, and
therefore, there has been no overissuance of the Series 0 Bonds;

          (e) That it is anticipated and covenanted that amounts
on deposit in the 1965 Sinking Fund will be used within thirteen
(13) months from the date of deposit for the payment of principal
of and/or interest on the outstanding Series B, Series C, Series D,
Series E, Series F, Series G, Series I, Series J, Series K, Series
L, Series M, Series N and Series 0 Bonds, and that, except for an
amount equal to not more than the greater of (1) one-twelfth (1/12)
of debt service requirements on such bonds for the then ensuing
year, or (2) one year's earnings on the 1965 Sinking Fund, such
1965 Sinking Fund will be depleted annually through such applica-
tion for current debt service requirements of the Bonds;

           (f) That the amounts to be accumulated in the Debt
Service Reserve portion of the 1965 Sinking Fund out of the
revenues of the System in the amount of the maximum annual debt
service on the Series 0 Bonds as required by the Trust Indenture,
will not exceed an amount equal to 10% of the original proceeds of
the Series 0 Bonds;

           (g) That the amount to be accumulated in the 1965 Repair
and Maintenance Reserve will not be used for the payment of debt
service on any of the Series 0 Bonds, except to prevent a default;

           (h) That the Board has not been advised of any listing
or contemplated listing by the Internal Revenue Service determining
that the foregoing type of certification with respect to the
Board's obligations may not be relied on;

and, accordingly, it is anticipated that there will be no limita-
tion on the permissible yield on investments made from the proceeds
of the Series 0 Bonds.



24