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Bonds 1,408-A through 1,804-A, inclusive, maturing September 1,
1992 through September 1, 1996 inclusive, to be callable at the
option of the Borrower in whole or in part and in inverse numerical
order on any interet payment date during the entire life of the loan,
upon at least thirty (30) days' prior notice, at par plus accrued interest
to the date of redemption.

Priority as to call shall extend to bonds numbered 1, 408-A through
1, 804-A inclusive over bonds numbered 74-A through 1,407-A inclusive.

Provided, however, that, except for the redemption of Series F
with surplus funds in the Construction Account for Project CH-NC-99 (D)
respectively, calls of Bonds will be applied to each series of Bonds on an
equal pro rata basis (reflecting the proportion of the original amount of
each series of Bonds outstanding at the time of such call) and calls of Bonds
for each series of Bonds will be in accordance with the call provisions of
the respective Bond Series, any or all outstanding Bonds which may be called
at par prior to calling any Bonds that are callable at a permium.

(j) Place and Medium of Payment: See above

(k) Registrability: See above

(l) Redemption Provisions: (Series B Bonds)

Bonds numbered 1-B through 150-B inclusive, maturing September 1,
1965 through September 1, 1968 inclusive, to be non-callable.
Bonds numbered 151-B through 1,615-B inclusive, maturing
September 1, 1969 through September 1, 1993 inclusive, to be
callable at the option of the Borrower prior to the stated
maturities thereof, in whole or in part and in inverse numerical
order on any interest payment date after September 1, 1968 upon
at least thirty (30) days' prior notice at the principal amount
thereof, plus accrued interest to the date of redemption and a
premium for each bond as follows:

3% if redeemed March 1, 1969 through September 1, 1973 inclusive
2-1/2% if redeemed March 1, 1974 through September 1, 1978 inclusive
2% if redeemed March 1, 1979 through September 1, 1983 inclusive
1-1/2% if redeemed March 1, 1984 through September 1, 1988 inclusive
1% if redeemed after September 1, 1988.

Bonds 1,616-B through 2,066-B inclusive, maturing September 1,
1994 through September 1, 1998 inclusive, to be callable at the
option of the Borrower in whole or in part and in inverse numerical
order on any interest payment date during the entire life of the
loan, upon at least thirty (30) days' prior notice, at par plus
accrued interest to the date of redemption.

Priority as to call shall extend to bonds numbered 1,616-B
through 2,066-B inclusive over bonds numbered 151-B through
1,615-B inclusive.

(SEE OTHER PAGES FOR PRO RATA REDEMPTION)

(j) Place and Medium of Payment: (See above)

(k) Registrability: (See above)

(l) Redemption Provisions: (Series C Bonds)

Bonds numbered 1-C through 199-C inclusive, maturing September 1,
1965 through September 1, 1971 inclusive, to be non-callable.
Bonds numbered 200-C through 1, 398-C inclusive, maturing
September 1, 1972 through September 1, 1996 inclusive, to be
callable at the option of the Borrower prior to the stated
maturities thereof, in whole or in part and in inverse numerical
order on any interest payment date after September 1, 1971 upon
at least thirty (30) days' prior notice at the principal amount
thereof, plus accrued interest to the date of redemption and a
premium for each bond as follows: