Local Sale of Bonds

5 GCA § 22962 — under General Fiscal Policies and Controls.

5 GCA § 22962

The Governor of Guam shall undertake his best effort to cause a portion of any bonds issued pursuant to this Article to be offered for sale in Guam, as well as in other jurisdictions, if and to the extent that such offer and any sales resulting from such offer do not increase the cost to the Government of issuing any repaying such bonds.

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Exhibit A

GOVERNMENT OF GUAM and [TRUSTEE], as Trustee

Accepted by [DEPOSITARY]. As Depositary And [REGISTRAR] as Registrar

___________

INDENTURE

Dated as of ____________, 1997 _____________

$___________

GOVERNMENT OF GUAM LIMITED OBLIGATION INFRASTRUCTURE IMPROVEMENT BONDS including the 1997 SERIES A BONDS

TABLE OF CONTENTS

ARTICLE I DEFINITIONS; CERTIFICATES