Agmt15 Raymond James and Assoc. Port of RWC sale of refunding bonds

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— Senior debt obligations of the Federal Home Loan Bank Enterprise — Senior debt obligations of other government sponsored agencies approved . by the Bond Insurers; (3) U.S. dollar denominated deposit accounts, federal funds and bankers' acceptances with domescic commercial banks, including deposits with the Tn�stee, which have a rating on their short term certificates of deposit on the date of purchase of "A-1° or 'A-1+" by S&P and "P-1" by Moody's and maturing no more than 360 days after the date of purchase (ratings on holding companies are not , considered as the rating of the bank); (4) Commercial paper which is rated at the time of purchase in the single highest classification. "A-1+" by S&P and "P-1" by Moody's, and which matures not more than 270 days after the date of purchase; (S) Investments in a money market fund rated "AAAm" or "AAAm-G" or better by S&P, including funds for which the Trustee or an affiliate acts as investment advisor or provides other services; (6) Pre-refunded Municipal Obligations defined as follows: any bonds or other obligations of any state of the United States of America or of any Port, instrumentaliry or local governmental unit of any such state which are not callable at the option of the obligor prior to maturity or as to which irrevocable instructions have been given by the obligor to call on the date specified in the notice; and (A) which are rated, based on an irrevocable escrow account or fund (the "escrow"), in the highest rating category of S&P and Moody`s or any successors thereto;or (B) (i) which are fully secured as to principal and interest and redemption premium, 6f any, by an escrow consisting only of cash or obligations described in paragraph A(2)above.which escrow may be applied only to the payment of such principal of and interest and redemption premium, if any, on such bonds or other obligations on the maturity date or dates thereof or the specified redemption date or dates pursuant to such irrevocable instructions,as appropriate,and(ii)which escrow is sufficient,as verified by a nationally recognized independent certified public accountant, to pay principal of and interest and redemption premium,if any,on the bonds or other obli�ations described in this paragraph on the maturity date or dates specitied in the irrevocable instructions referred to above,as appropriate; (7) General obligations of states with a rating otat least"A2/A"or higher by both Moody's and S&P; (8) Investment agreements approved in writing by the Bond Insurer (supported by eppropriate opinions of counsel)with notice to S&P and Moody's or if the Bonds are not insured, then guaranteed investmcnt agreements of institutions 12p94 9177.931.00�5 S