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"Written Request of the Authority"means an instrument in writing signed by the Treasurer of the Authority or by any other officer of the Authority duly authorized by the Authority for that purpose SECTION 1 02 Equal Security In consideration of the acceptance of the Bonds by the Holders thereof, the Trust Agreement shall be deemed to be and shall constitute a contract between the Authority and the Holders from time to time of all Bonds authorized, executed, issued and delivered hereunder and then Outstanding to secure the full and final payment of the interest on and principal of and redemption premiums, if any, on all Bonds which may from time to time be authorized, executed, issued and delivered hereunder, subject to the agreements, conditions, covenants and provisions contained herein, and all agreements and covenants set forth herein to be performed by or on behalf of the Authority shall be for the equal and proportionate benefit, protection and security of all Holders of the Bonds without distinction, preference or priority as to security or otherwise of any Bonds over any other Bonds by reason of the number or date thereof or the time of authorization, sale, execution, issuance or delivery thereof or for any cause whatsoever, except as expressly provided herein or therein ARTICLE II ISSUANCE OF SERIES 2017 BONDS SECTION 2 01 Authorization and Purpose of Series 2017 Bonds The Authority has reviewed all proceedings heretofore taken relative to the authorization of the Series 2017 Bonds and has found, as a result of such review, and hereby finds and determines that all acts, conditions and things required by law to exist, to have happened and to have been performed precedent to and in the issuance of the Series 2017 Bonds do exist, have happened and have been performed in due time, form and manner as required by law, and that the Authority is now duly authorized, pursuant to each and every requirement of the Act, to issue the Series 2017 Bonds in the form and manner provided herein for the purpose of providing funds to finance the Project, and that the Series 2017 Bonds shall be entitled to the benefit, protection and security of the provisions hereof SECTION 2.02 Terms of the Series 2017 Bonds The Series 2017 Bonds shall be designated "Pleasanton Joint Powers Financing Authority Water Revenue Bonds, Series 2017" and shall be in the aggregate principal amount of Seven Million Four Hundred Thousand Dollars ($7,400,000) The Series 2017 Bonds shall be dated as of the date of delivery thereof, shall be issued only in fully registered form in denominations of five thousand dollars ($5,000) or any integral multiple of five thousand dollars ($5,000) (not exceeding the principal amount of Series 2017 Bonds maturing at any one time), and shall mature on the dates and in the principal amounts and bear interest at the rates (based on a 360-day year comprised of twelve 30 day months) as set forth in the following schedule Maturity Date Principal Interest (February 1) Amount Rate -7- 2762680 2