INSURED MUNICIPAL SECURITIES TRUST
NEW YORK NAVIGATOR INSURED SERIES 8
REFERENCE TRUST AGREEMENT
This Reference Trust Agreement dated July 11, 1991 among
Bear, Xxxxxxx & Co. Inc. and Gruntal & Co., Incorporated, as Depositors, United
States Trust Company of New York, as Trustee and Xxxxx S&P Evaluation Services,
a division of Xxxxx Information Systems, Inc., as Evaluator, sets forth certain
provisions in full and incorporates other provisions by reference to the
document entitled "Insured Municipal Securities Trust, 47th Discount Series and
Series 20, and Subsequent Series, Trust Indenture and Agreement" dated June 16,
1989 as amended in part by this Reference Trust Agreement (herein as amended or
supplemented called the "Indenture"). This Reference Trust Agreement and the
Indenture, as incorporated by reference herein, will constitute a single
instrument.
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements
herein contained, the Depositors, the Trustee, and the Evaluator agree as
follows:
Part I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the
provisions contained in the Indenture are herein incorporated by reference in
their entirety and shall be deemed to be a part of this instrument as fully and
to the same extent as though said provisions had been set forth in full in this
instrument.
For purposes of the references made to Section 7.04 in
Sections 3.05(d), 3.06(A)(3), 3.06(B)(3) and 7.05 of the Indenture, the
Indenture is hereby amended to delete such references made to Section 7.04 and
to substitute therefor references to Section 7.05.
(a) All references to the words "Standard & Poor's
Corporation" appearing therein are hereby deleted and the words "Xxxxx S&P
Evaluation Services, a division of Xxxxx Information Systems, Inc." are hereby
added in place thereof.
C/M 11939.0001 406324.1
Part II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed
to:
(a) The interest-bearing obligations listed in Schedule A
hereto have been deposited in trust under this Indenture.
(b) For the purposes of the definition of the Unit in
Article I the fractional undivided interest in and ownership of
the Trust is 1/7,000.
(c) The fiscal year for the Trust shall end on June 30
of each year.
(d) The term Record Date shall mean the first day of each
month (or the last business day prior thereto) commencing on November 1, 1991
for monthly distributions, December 1 and June 1 of each year for semi-annual
distributions (commencing on December 1, 1991) and December 1 of each year for
annual distributions (commencing on December 1, 1991).
(e) The term Payment Date shall mean the fifteenth day of
each month (or the last business day prior thereto) commencing on November 15,
1991 for monthly distributions, December 15 and June 15 of each year for
semi-annual distributions (commencing on December 15, 1991) and December 15 of
each year for annual distributions (commencing on December 15, 1991).
(f) All Certificateholders of record on October 1, 1991 (the
"First Record Date"), regardless of the plan of distribution selected, will
receive a distribution to be made on or shortly after October 15, 1991 (the
"First Payment Date"), and thereafter distributions will be made monthly,
semi-annually or annually, depending upon the plan of distribution chosen by
each Certificateholder.
(g) The First Settlement Date shall mean July 18, 1991.
(h) The number of Units referred to in Section 2.03 is 7,000.
(i) For the purposes of Section 4.02, the Evaluator shall
receive for each evaluation of the Bonds in the Trust a minimum fee of $8, plus
a fee of $0.25 for determining the aggregate value of each issue of Bonds in
excess of 50 issues (treating separate maturities of Bonds as separate issues).
-2-
C/M 11939.0001 406324.1
(j) For the purposes of Section 6.01(8), the liquidation
amount is hereby specified to be $2,800,000.
(k) For purposes of Section 6.04, the Trustee shall be paid
per annum $1.00 per $1,000 principal amount of Bonds for that portion of the
Trust under the monthly distribution plan, $.54 per $1,000 principal amount of
Bonds for that portion of the Trust under the semi-annual distribution plan and
$.36 per $1,000 principal amount of Bonds for that portion of the Trust under
the annual distribution plan. During the first year after the date hereof, such
payments to the Trustee will be reduced by a portion [a maximum of $.83 per
Unit times the number of Units on the monthly distribution plan, $.54 per unit
plus $.29 of Trust expenses (to be assumed and paid by the Trustee) times the
number of Units on the semi-annual distribution plan and $.36 per Unit plus
$.47 of Trust expenses (to be assumed and paid by the Trustee) times the number
of Units of the annual distribution plan] of the amount of interest which
accrues on any "when, as and if issued" Bonds between the first settlement date
of the Trust and the respective dates of delivery of such Bonds.
(l) For purposes of Section 7.05, the Depositors' maximum
annual fee is hereby specified to be $0.25 per $1,000 principal amount of Bonds
in the Trust.
(m) For purposes of this Series of Insured Municipal
Securities Trust, the form of Certificate set forth in this Indenture shall be
appropriately modified to reflect the title of this Series as set forth above.
(n) For purposes of this Series of Insured Municipal
Securities Trust, the execution date of this Indenture shall be the date first
written above.
IN WITNESS WHEREOF, the parties hereto have caused this
Reference Trust Agreement to be duly executed on the date first above written.
[Signatures on separate pages]
-3-
C/M 11939.0001 406324.1
BEAR, XXXXXXX & CO. INC.
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss:
COUNTY OF NEW YORK )
On this 11th day of July, 1991, before me personally appeared
Xxxxx XxXxxxx, to me known, who being by me duly sworn, said that he is an
Authorized Signator of Bear, Xxxxxxx & Co. Inc., one of the corporations
described in and which executed the foregoing instrument, and that he signed
his name thereto by authority of the Board of Directors of said corporation.
Notary Public
C/M 11939.0001 406324.1
GRUNTAL & CO. INCORPORATED
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 11th day of July 1991, before me personally appeared
Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he is an
Authorized Signator of Gruntal & Co. Incorporated, one of the corporations
described in and which executed and foregoing instrument, and that he signed
his name thereto by authority of the Board of Directors of said corporation.
Notary Public
C/M 11939.0001 406324.1
UNITED STATES TRUST COMPANY
OF NEW YORK, Trustee
By:
Assistant Vice President
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 27th day of June 1991, before me personally appeared
Xxxx Xxxxxxx, to me know, who being by me duly sworn, said that he is an
Authorized Signator United States Trust Company of New York, one of the
corporations described in and which executed the foregoing instrument; that he
knows the seal of said corporation; that the seal affixed to said instrument is
such corporate seal; that it was so affixed by authority of the Board of
Directors of said corporation and that he signed his name thereto by like
authority.
Notary Public
C/M 11939.0001 406324.1
XXXXX INFORMATION SYSTEMS, INC.,
Evaluator
By:
President
SEAL
ATTEST:
-----------------------------
Executive Vice President and
Secretary
C/M 11939.0001 406324.1
SCHEDULE A
INSURED MUNICIPAL SECURITIES TRUST
PORTFOLIO
NEW YORK NAVIGATOR INSURED SERIES 8
As of July 11, 1991
A MONTHLY PAYMENT SERIES
SEMI-ANNUAL PAYMENT SERIES OR ANNUAL PAYMENT SERIES
Aggregate Name of Issuer and Coupon/ Redemption Feature
Portfolio Principal Title of Bonds Maturity S.F.-- Sinking Fund Cost of Bonds
No. Amount Contracted for(5) Ratings(1) Date(s)(2) Ref.-- Refunding(2) to Trust(3)
--- ------ ----------------- ---------- ---------- ------------------- -----------
1 $500,000 N.Y. State Dorm. Auth. State Univ. Ed. Facs. AAA 7.125% 5/15/10 @ 100 S.F. $500,805
Xxx. Xxxxx Series 0000X (XXXX Corp.) 5/15/2017 5/15/99 @ 102 Ref.
2 630,000 N.Y. State Dorm. Auth. City Univ. Sys. AAA 7.625% 7/01/06 @ 100 S.F. 652,472
Consldtd. Xxx. Xxxxx Series 0000X (XXXX 7/01/2020 7/01/00 @ 102 Ref.
Corp.)
3 420,000 N.Y. State Hsg. Finc. Agncy. Multi. Fam. AAA 7.450% 11/01/92 @ 100 S.F. 430,551
Hsg. Xxx. Xxxxx Series A (MBIA Corp.) 11/01/2028 11/01/99 @ 102 Ref.
4 700,000 N.Y. Local Gov. Assis. Corp. (A Pub. AAA 7.500% 4/01/13 @ 100 S.F. 719,110
Benefit Corp. of the State of N.Y.) Rev. 4/01/2020 4/01/01 @ 102 Ref.
Bonds Series 0000X (XXXX Corp.)
5 750,000 N.Y. State Med. Care Facs. Finc. Agncy. AAA 7.450% 2/15/98 @ 100 S.F. 769,238
St. Xxxxx Xxxxxxxxx Hosp. Cntr. FHA Insrd. 2/15/2029 2/15/00 @ 102 Ref.
Mtg. Xxx. Xxxxx Series B (MBIA Corp.)
6 750,000 N.Y. State Urb. Dev. Corp. Xxx. Xxxxx AAA 7.500% 4/01/12 @ 100 S.F. 773,483
(MBIA Corp.) 4/01/2020 4/01/01 @ 102 Ref.
7 270,000 Suffolk Cnty. N.Y. Pub. Imprvmt. Gen. AAA 7.100% No Sinking Fund 270,000
Oblig. Xxx. Xxxxx Series 1989 (MBIA Corp.) 7/15/2010 7/15/97 @ 102 Ref.
8 800,000 N.Y. City Gen. Oblig. Xxx. Xxxxx Fiscal AAA 8.250% No Sinking Fund 869,256
1991 Series F (MBIA Corp.) 11/15/2016 11/15/10 @ 101.5 Ref.
9 800,000 N.Y. City Muni. Wtr. Finc. Auth. Wtr. & AAA 6.000% 6/15/17 @ 100 S.F. 693,656
Swr. Sys. Xxx. Xxxxx Fiscal 1990 Series A 6/15/2019 6/15/99 @ 000 Xxx.
(XXXX Corp.)
10 700,000 Triborough Bridge & Tunnel Auth. of N.Y. AAA 7.000% 1/01/12 @ 100 S.F. 694,750
Gen. Purp. Xxx. Xxxxx Series T (MBIA 1/01/2020 1/01/01 @ 102 Ref.
Corp.)
11 330,000 P.R. Pub. Bldg. Auth. Pub. Ed. & Hlth. Facs. AAA 7.875% 7/01/03 @ 100 S.F. 348,268
Rfndg. Xxx. Xxxxx Series G (MBIA Corp.) 7/01/2016 7/01/97 @ 102 Ref.
12 350,000 N.Y. State Mtg. Agncy. Hmownr. Mtg. Rev. AAA 0.000% 4/01/12 @ 52.88 S.F. 37,887
Bonds, Series II (MBIA Corp.) 4/01/2020 4/01/99 @ 19.34 Ref.
$7,000,000 $6,759,476
============= =============
C/M 11939.0001 406324.1
INSURED MUNICIPAL SECURITIES TRUST
NEW JERSEY NAVIGATOR INSURED SERIES 5
REFERENCE TRUST AGREEMENT
This Reference Trust Agreement dated July 11, 1991 among
Bear, Xxxxxxx & Co. Inc. and Gruntal & Co., Incorporated, as Depositors, United
States Trust Company of New York, as Trustee and Xxxxx S&P Evaluation Services,
a division of Xxxxx Information Systems, Inc., as Evaluator, sets forth certain
provisions in full and incorporates other provisions by reference to the
document entitled "Insured Municipal Securities Trust, 47th Discount Series and
Series 20, and Subsequent Series, Trust Indenture and Agreement" dated June 16,
1989 as amended in part by this Reference Trust Agreement (herein as amended or
supplemented called the "Indenture"). This Reference Trust Agreement and the
Indenture, as incorporated by reference herein, will constitute a single
instrument.
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements
herein contained, the Depositors, the Trustee, and the Evaluator agree as
follows:
Part I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the
provisions contained in the Indenture are herein incorporated by reference in
their entirety and shall be deemed to be a part of this instrument as fully and
to the same extent as though said provisions had been set forth in full in this
instrument.
For purposes of the references made to Section 7.04 in
Sections 3.05(d), 3.06(A)(3), 3.06(B)(3) and 7.05 of the Indenture, the
Indenture is hereby amended to delete such references made to Section 7.04 and
to substitute therefor references to Section 7.05.
(a) All references to the words "Standard & Poor's
Corporation" appearing therein are hereby deleted and the words "Xxxxx S&P
Evaluation Services, a division of Xxxxx Information Systems, Inc." are hereby
added in place thereof.
C/M 11939.0001 406324.1
Part II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed
to:
(a) The interest-bearing obligations listed in Schedule A
hereto have been deposited in trust under this Indenture.
(b) For the purposes of the definition of the Unit in Article
I the fractional undivided interest in and ownership of the Trust is 1/6,000.
(c) The fiscal year for the Trust shall end on June 30 of
each year.
(d) The term Record Date shall mean the first day of each
month (or the last business day prior thereto) commencing on November 1, 1991
for monthly distributions, December 1 and June 1 of each year for semi-annual
distributions (commencing on December 1, 1991) and December 1 of each year for
annual distributions (commencing on December 1, 1991).
(e) The term Payment Date shall mean the fifteenth day of
each month (or the last business day prior thereto) commencing on November 15,
1991 for monthly distributions, December 15 and June 15 of each year for
semi-annual distributions (commencing on December 15, 1991) and December 15 of
each year for annual distributions (commencing on December 15, 1991).
(f) All Certificateholders of record on October 1, 1991 (the
"First Record Date"), regardless of the plan of distribution selected, will
receive a distribution to be made on or shortly after October 15, 1991 (the
"First Payment Date"), and thereafter distributions will be made monthly,
semi-annually or annually, depending upon the plan of distribution chosen by
each Certificateholder.
(g) The First Settlement Date shall mean July 18, 1991.
(h) The number of Units referred to in Section 2.03 is 6,000.
(i) For the purposes of Section 4.02, the Evaluator shall
receive for each evaluation of the Bonds in the Trust a minimum fee of $8, plus
a fee of $0.25 for determining the aggregate value of each issue of Bonds in
excess of 50 issues (treating separate maturities of Bonds as separate issues).
-2-
C/M 11939.0001 406324.1
(j) For the purposes of Section 6.01(8), the liquidation
amount is hereby specified to be $2,400,000.
(k) For purposes of Section 6.04, the Trustee shall be paid
per annum $.99 per $1,000 principal amount of Bonds for that portion of the
Trust under the monthly distribution plan, $.53 per $1,000 principal amount of
Bonds for that portion of the Trust under the semi-annual distribution plan and
$.35 per $1,000 principal amount of Bonds for that portion of the Trust under
the annual distribution plan. During the first year after the date hereof, such
payments to the Trustee will be reduced by a portion [a maximum of $.82 per
Unit times the number of Units on the monthly distribution plan, $.53 per unit
plus $.29 of Trust expenses (to be assumed and paid by the Trustee) times the
number of Units on the semi-annual distribution plan and $.35 per Unit plus
$.47 of Trust expenses (to be assumed and paid by the Trustee) times the number
of Units of the annual distribution plan] of the amount of interest which
accrues on any "when, as and if issued" Bonds between the first settlement date
of the Trust and the respective dates of delivery of such Bonds.
(l) For purposes of Section 7.05, the Depositors' maximum
annual fee is hereby specified to be $0.25 per $1,000 principal amount of Bonds
in the Trust.
(m) For purposes of this Series of Insured Municipal
Securities Trust, the form of Certificate set forth in this Indenture shall be
appropriately modified to reflect the title of this Series as set forth above.
(n) For purposes of this Series of Insured Municipal
Securities Trust, the execution date of this Indenture shall be the date first
written above.
IN WITNESS WHEREOF, the parties hereto have caused this
Reference Trust Agreement to be duly executed on the date first above written.
[Signatures on separate pages]
-3-
C/M 11939.0001 406324.1
BEAR, XXXXXXX & CO. INC.
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss:
COUNTY OF NEW YORK )
On this 11th day of July, 1991, before me personally appeared
Xxxxx XxXxxxx, to me known, who being by me duly sworn, said that he is an
Authorized Signator of Bear, Xxxxxxx & Co. Inc., one of the corporations
described in and which executed the foregoing instrument, and that he signed
his name thereto by authority of the Board of Directors of said corporation.
Notary Public
C/M 11939.0001 406324.1
GRUNTAL & CO. INCORPORATED
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 11th day of July 1991, before me personally appeared
Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he is an
Authorized Signator of Gruntal & Co. Incorporated, one of the corporations
described in and which executed and foregoing instrument, and that he signed
his name thereto by authority of the Board of Directors of said corporation.
Notary Public
C/M 11939.0001 406324.1
UNITED STATES TRUST COMPANY
OF NEW YORK, Trustee
By:
Assistant Vice President
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 27th day of June 1991, before me personally appeared
Xxxx Xxxxxxx, to me know, who being by me duly sworn, said that he is an
Authorized Signator United States Trust Company of New York, one of the
corporations described in and which executed the foregoing instrument; that he
knows the seal of said corporation; that the seal affixed to said instrument is
such corporate seal; that it was so affixed by authority of the Board of
Directors of said corporation and that he signed his name thereto by like
authority.
Notary Public
C/M 11939.0001 406324.1
XXXXX INFORMATION SYSTEMS, INC.,
Evaluator
By:
President
SEAL
ATTEST:
-----------------------------
Executive Vice President and
Secretary
C/M 11939.0001 406324.1
SCHEDULE A
INSURED MUNICIPAL SECURITIES TRUST
PORTFOLIO
NEW JERSEY NAVIGATOR INSURED SERIES 5
As of July 11, 1991
A MONTHLY PAYMENT SERIES
SEMI-ANNUAL PAYMENT SERIES OR ANNUAL PAYMENT SERIES
Aggregate Name of Issuer and Coupon/ Redemption Feature
Portfolio Principal Title of Bonds Maturity S.F.-- Sinking Fund Cost of Bonds
No. Amount Contracted for(4) Ratings(1) Date(s)(2) Ref.-- Refunding(2) to Trust(3)
--- ------ ----------------- ---------- ---------- ------------------- -----------
1 $800,000 N.J. Hlth. Care Facs. Fincg. Auth. Rev. AAA 6.000% 7/01/05 @ 100 S.F. $732,512
Bonds Centrastate Med. Cntr. Issue 7/01/2021 7/01/01 @ 100 Ref.
Series A (MBIA Corp.)
2 185,000 N.J. Hsg. Mtg. Finc. Agncy. Home Buyer AAA 7.650% 4/01/09 @ 100 S.F. 192,751
Xxx. Xxxxx Series 0000X (XXXX Corp.) 10/01/2016 10/01/00 @ 102 Ref.
3 500,000 N.J. Hsg. & Mtg. Finc. Agncy. Home AAA 7.950% 4/01/11 @ 100 S.F. 528,450
Buyer Xxx. Xxxxx Series 1990F (AMT) 4/01/2025 10/01/00 @ 102 Ref.
(MBIA Corp.)
4 400,000 Xxxxxx Cnty. N.J. Correc. Facs. Certs. of AAA 7.250% 12/01/02 @ 100 S.F. 417,296
Part. Series 1990 (MBIA Corp.) 12/01/2021 12/01/00 @ 102 Ref.
5 600,000 City of Newark, Essex Cnty. N.J. Gen. AAA 7.375% No Sinking Fund 632,178
Imprvment. Bonds Gen. Oblig. Xxx. Xxxxx 10/01/2007 10/01/99 @ 102 Ref.
Unltd. Tax (MBIA Corp.)
6 750,000 New Brunswick N.J. Pkg. Auth. Rev. AAA 7.200% 9/01/91 @ 100 S.F. 779,017
Bonds Series 1985B (MBIA Corp.) 9/01/2015 9/01/99 @ 102.5 Ref.
7 470,000(4) Passaic Cnty. N.J. Gen. Imprvment. Gen. AAA 6.700% No Sinking Fund 470,000
Oblig. Xxx. Xxxxx Unltd. Tax (MBIA 9/01/2016 9/01/00 @ 102 Ref.
Corp.)
8 575,000 Pennsauken Twnshp. N.J. Bd. of Ed. AAA 7.700% 7/15/04 @ 100 S.F. 616,446
Camden Cnty. Certs. of Part. Xxx. Xxxxx 7/15/2009 7/15/99 @ 102 Ref.
(MBIA Corp.)
9 750,000 Port Auth. N.Y. & N.J. Cnsldtd. Rev. AAA 7.125% 12/01/05 @ 100 S.F. 771,368
Bonds Sixty-ninth Series (MBIA Corp.) 6/01/2025 6/01/00 @ 101 Ref.
10 670,000 P.R. Pub. Bldg. Auth. Pub. Ed. & Hlth. AAA 7.875% 7/01/03 @ 100 S.F. 707,092
Facs. Rfndg. Xxx. Xxxxx Series G (MBIA 7/01/2016 7/01/97 @ 102 Ref.
Corp.)
11 300,000 Camden Cnty. N.J. Muni. Utils. Auth. Cnty. AAA 0.000% No Sinking Fund 54,501
Agreement Swr. Rev. Cap. Apprec. Bonds 9/01/2016 Non-Callable
Series 0000X (XXXX Corp.)
$6,000,000 $5,901,611
============= =============
C/M 11939.0001 406324.1
INSURED MUNICIPAL SECURITIES TRUST
SERIES 27
REFERENCE TRUST AGREEMENT
This Reference Trust Agreement dated November 14, 1991 among
Bear, Xxxxxxx & Co. Inc. and Gruntal & Co., Incorporated, as Depositors, United
States Trust Company of New York, as Trustee and Xxxxx S&P Evaluation Services,
a division of Xxxxx Information Systems, Inc., as Evaluator, sets forth certain
provisions in full and incorporates other provisions by reference to the
document entitled "Insured Municipal Securities Trust, 47th Discount Series and
Series 20, and Subsequent Series, Trust Indenture and Agreement" dated June 16,
1989 as amended in part by this Reference Trust Agreement (herein as amended or
supplemented called the "Indenture"). This Reference Trust Agreement and the
Indenture, as incorporated by reference herein, will constitute a single
instrument.
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements
herein contained, the Depositors, the Trustee, and the Evaluator agree as
follows:
Part I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the
provisions contained in the Indenture are herein incorporated by reference in
their entirety and shall be deemed to be a part of this instrument as fully and
to the same extent as though said provisions had been set forth in full in this
instrument.
For purposes of the references made to Section 7.04 in
Sections 3.05(d), 3.06(A)(3), 3.06(B)(3) and 7.05 of the Indenture, the
Indenture is hereby amended to delete such references made to Section 7.04 and
to substitute therefor references to Section 7.05.
(a) All references to the words "Standard and Poor's
Corporation" appearing therein are hereby deleted and the words "Xxxxx S&P
Evaluation Services, a division of Xxxxx Information Systems, Inc." are hereby
added in place thereof.
C/M 11939.0001 406324.1
Part II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed
to:
(a) The interest-bearing obligations listed in Schedule A
hereto have been deposited in trust under this Indenture.
(b) For the purposes of the definition of the Unit in Article
I the fractional undivided interest in and ownership of the Trust is 1/3,000.
(c) The fiscal year for the Trust shall end on June 30 of
each year.
(d) The term Record Date shall mean the first day of each
month (or the last business day prior thereto) commencing on April 1, 1992 for
monthly distributions, December 1 and June 1 of each year for semi-annual
distributions (commencing on June 1, 1992) and December 1 of each year for
annual distributions (commencing on December 1, 1992).
(e) The term Payment Date shall mean the fifteenth day of
each month (or the last business day prior thereto) commencing on April 15,
1992 for monthly distributions, December 15 and June 15 of each year for
semi-annual distributions (commencing on June 15, 1992) and December 15 of each
year for annual distributions (commencing on December 15, 1992).
(f) All Certificateholders of record on March 1, 1992 (the
"First Record Date"), regardless of the plan of distribution selected, will
receive a distribution to be made on or shortly after March 15, 1992 (the
"First Payment Date"), and thereafter distributions will be made monthly,
semi-annually or annually, depending upon the plan of distribution chosen by
each Certificateholder.
(g) The First Settlement Date shall mean November 21, 1991.
(h) The number of Units referred to in Section 2.03 is 3,000.
(i) For the purposes of Section 4.02, the Evaluator shall
receive for each evaluation of the Bonds in the Trust a minimum fee of $8, plus
a fee of $0.25 for determining the aggregate value of each issue of Bonds in
excess of 50 issues (treating separate maturities of Bonds as separate issues).
-2-
C/M 11939.0001 406324.1
(j) For the purposes of Section 6.01(g), the liquidation
amount is hereby specified to be $1,200,000.
(k) For purposes of Section 6.04, the Trustee shall be paid
per annum $1.05 per $1,000 principal amount of Bonds for that portion of the
Trust under the monthly distribution plan, $.60 per $1,000 principal amount of
Bonds for that portion of the Trust under the semi-annual distribution plan and
$.35 per $1,000 principal amount of Bonds for that portion of the Trust under
the annual distribution plan. [During the first year after the date hereof,
such payments to the Trustee will be reduced by a portion a maximum of $.88 per
Unit times the number of Units on the monthly distribution plan, $.60 per unit
plus $.28 of Trust expenses (to be assumed and paid by the Trustee) times the
number of Units on the semi-annual distribution plan and $.35 per Unit plus
$.53 of Trust expenses (to be assumed and paid by the Trustee) times the number
of Units of the annual distribution plan] of the amount of interest which
accrues on any "when, as and if issued" Bonds between the first settlement date
of the Trust and the respective dates of delivery of such Bonds.]
(l) For purposes of Section 7.05, the Depositors' maximum
annual fee is hereby specified to be $0.25 per $1,000 principal amount of Bonds
in the Trust.
(m) For purposes of this Series of Insured Municipal
Securities Trust, the form of Certificate set forth in this Indenture shall be
appropriately modified to reflect the title of this Series as set forth above.
(n) For purposes of this Series of Insured Municipal
Securities Trust, the execution date of this Indenture shall be the date first
written above.
IN WITNESS WHEREOF, the parties hereto have caused this
Reference Trust Agreement to be duly executed on the date first above written.
[Signatures on separate pages]
-3-
C/M 11939.0001 406324.1
BEAR, XXXXXXX & CO. INC.
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss:
COUNTY OF NEW YORK )
On this 14th day of November, 1991, before me personally
appeared Xxxxx XxXxxxx, to me known, who being by me duly sworn, said that he
is an Authorized Signator of Bear, Xxxxxxx & Co. Inc., one of the corporations
described in and which executed the foregoing instrument, and that he signed
his name thereto by authority of the Board of Directors of said corporation.
Notary Public
C/M 11939.0001 406324.1
GRUNTAL & CO. INCORPORATED
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 14th day of November 1991, before me personally
appeared Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he
is an Authorized Signator of Gruntal & Co. Incorporated, one of the
corporations described in and which executed and foregoing instrument, and that
he signed his name thereto by authority of the Board of Directors of said
corporation.
Notary Public
C/M 11939.0001 406324.1
UNITED STATES TRUST COMPANY
OF NEW YORK, Trustee
By:
Assistant Vice President
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 12th day of November, 1991, before me personally
appeared Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he
is an Authorized Signator United States Trust Company of New York, one of the
corporations described in and which executed the foregoing instrument; that he
knows the seal of said corporation; that the seal affixed to said instrument is
such corporate seal; that it was so affixed by authority of the Board of
Directors of said corporation and that he signed his name thereto by like
authority.
Notary Public
C/M 11939.0001 406324.1
XXXXX INFORMATION SYSTEMS, INC.,
Evaluator
By:
President
SEAL
ATTEST:
-----------------------------
Executive Vice President and
Secretary
C/M 11939.0001 406324.1
SCHEDULE A
INSURED MUNICIPAL SECURITIES TRUST
PORTFOLIO
---------------------
SERIES 27
---------------------
As of November 14, 1991
A MONTHLY PAYMENT SERIES
SEMI-ANNUAL PAYMENT SERIES OR ANNUAL PAYMENT SERIES
Aggregate Name of Issuer and Coupon/ Redemption Feature
Portfolio Principal Title of Bonds Maturity S.F.-- Sinking Fund Cost of Bonds
No. Amount Contracted for(4) Ratings(1) Date(s)(2) Ref.-- Refunding(2) to Trust(3)
--- ------ ----------------- ---------- ---------- ------------------- -----------
1 $400,000 Jasper Cnty. Ind. Poll. Cntrl. No. Ind. Pub. AAA 7.100% No Sinking Fund $412,740
Serv. Rfndg. Xxx. Xxxxx (MBIA Corp.) 7/01/2017 7/01/01 @ 102 Ref.
2 400,000 Burlington Ks. Poll. Cntrl. Rfndg. Rev. AAA 7.000% No Sinking Fund 410,556
Bonds (Kansas Gas & Elec. Co. Prjt.) 6/01/2031 6/01/01 @ 000 Xxx.
(XXXX Corp.)
3 325,000 Maine State Hsg. Auth. Mtg. Purch. Rev. AAA 7.150% 11/15/03 @ 100 S.F. 334,713
Bonds Series 0000X (XXXX Corp.) 1/15/2014 11/15/04 @ 100 Ref.
4 400,000 North Las Vegas Nev. Gen. Oblig. (Ltd. AAA 7.125% 4/01/06 @ 100 S.F. 413,348
Tax) Pub. Safety Bldg. Bonds Series 1991 4/01/2011 4/01/01 @ 101 Ref.
(Financial Guaranty)
5 400,000 R.I. Cnvntn. Cntr. Auth. Xxx. Xxxxx Series AAA 6.700% 5/15/13 @ 100 S.F. 397,480
0000X (XXXX Corp.) 5/15/2020 5/15/01 @ 102 Ref.
6 500,000 X.Xx. Wtr. Dev. Auth. Wtr. Dev. Rev. AAA 7.000% 11/01/12 @ 100 S.F. 512,195
Rfndg. Bonds (Loan Prgm.) Series 1991A 1/01/2025 11/01/01 @ 102 Ref.
(Capital Guaranty)
7 400,000 Wisc. Hlth. & Ed. Facs. Auth. (St. Luke's AAA 7.100% 8/15/12 @ 100 S.F. 412,816
Med. Cntr Prjt.) Xxx. Xxxxx (MBIA Corp.) 8/15/2019 8/15/01 @ 102 Ref.
8 125,000 Xxxxxxx Xxx. Elec. Sys. Rev. Certs. of Part. AAA 0.000% 7/01/15 @ 75.356 S.F. 18,033
Series 0000X (XXXX Corp.) 7/01/2019 7/01/99 @ 24.784 Ref.
9 50,000 Dade Cnty. Fla. Gtd. Entitlement Rev. AAA 0.000% 2/01/15 @ 76.763 S.F. 7,709
Bonds Series 1990 (AMBAC) 8/01/2018 2/01/06 @ 40.444 Ref.
$3,000,000 $2,919,592
============= =============
C/M 11939.0001 406324.1
INSURED MUNICIPAL SECURITIES TRUST
NEW YORK NAVIGATOR INSURED SERIES 9
REFERENCE TRUST AGREEMENT
This Reference Trust Agreement dated November 14, 1991 among
Bear, Xxxxxxx & Co. Inc. and Gruntal & Co., Incorporated, as Depositors, United
States Trust Company of New York, as Trustee and Xxxxx S&P Evaluation Services,
a division of Xxxxx Information Systems, Inc., as Evaluator, sets forth certain
provisions in full and incorporates other provisions by reference to the
document entitled "Insured Municipal Securities Trust, 47th Discount Series and
Series 20, and Subsequent Series, Trust Indenture and Agreement" dated June 16,
1989 as amended in part by this Reference Trust Agreement (herein as amended or
supplemented called the "Indenture"). This Reference Trust Agreement and the
Indenture, as incorporated by reference herein, will constitute a single
instrument.
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements
herein contained, the Depositors, the Trustee, and the Evaluator agree as
follows:
Part I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the
provisions contained in the Indenture are herein incorporated by reference in
their entirety and shall be deemed to be a part of this instrument as fully and
to the same extent as though said provisions had been set forth in full in this
instrument.
For purposes of the references made to Section 7.04 in
Sections 3.05(d), 3.06(A)(3), 3.06(B)(3) and 7.05 of the Indenture, the
Indenture is hereby amended to delete such references made to Section 7.04 and
to substitute therefor references to Section 7.05.
(a) All references to the words "Standard & Poor's
Corporation" appearing therein are hereby deleted and the words "Xxxxx S&P
Evaluation Services, a division of Xxxxx Information Systems, Inc." are hereby
added in place thereof.
C/M 11939.0001 406324.1
Part II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed
to:
(a) The interest-bearing obligations listed in Schedule A
hereto have been deposited in trust under this Indenture.
(b) For the purposes of the definition of the Unit in Article
I the fractional undivided interest in and ownership of the Trust is 1/4,500.
(c) The fiscal year for the Trust shall end on June 30 of
each year.
(d) The term Record Date shall mean the first day of each
month (or the last business day prior thereto) commencing on April 1, 1992 for
monthly distributions, December 1 and June 1 of each year for semi-annual
distributions (commencing on June 1, 1992) and December 1 of each year for
annual distributions (commencing on December 1, 1992).
(e) The term Payment Date shall mean the fifteenth day of
each month (or the last business day prior thereto) commencing on April 15,
1992 for monthly distributions, December 15 and June 15 of each year for
semi-annual distributions (commencing on June 15, 1992) and December 15 of each
year for annual distributions (commencing on December 15, 1992).
(f) All Certificateholders of record on March 1, 1992 (the
"First Record Date"), regardless of the plan of distribution selected, will
receive a distribution to be made on or shortly after March 15, 1992 (the
"First Payment Date"), and thereafter distributions will be made monthly,
semi-annually or annually, depending upon the plan of distribution chosen by
each Certifi-cateholder.
(g) The First Settlement Date shall mean November 21, 1991.
(h) The number of Units referred to in Section 2.03 is 4,500.
(i) For the purposes of Section 4.02, the Evaluator shall
receive for each evaluation of the Bonds in the Trust a minimum fee of $8, plus
a fee of $0.25 for determining the aggregate value of each issue of Bonds in
excess of 50 issues (treating separate maturities of Bonds as separate issues).
-2-
C/M 11939.0001 406324.1
(j) For the purposes of Section 6.01(8), the liquidation
amount is hereby specified to be $1,800,000.
(k) For purposes of Section 6.04, the Trustee shall be paid
per annum $1.09 per $1,000 principal amount of Bonds for that portion of the
Trust under the monthly distribution plan, $.64 per $1,000 principal amount of
Bonds for that portion of the Trust under the semi-annual distribution plan and
$.39 per $1,000 principal amount of Bonds for that portion of the Trust under
the annual distribution plan. During the first year after the date hereof, such
payments to the Trustee will be reduced by a portion [a maximum of $.92 per
Unit times the number of Units on the monthly distribution plan, $.64 per unit
plus $.28 of Trust expenses (to be assumed and paid by the Trustee) times the
number of Units on the semi-annual distribution plan and $.39 per Unit plus
$.53 of Trust expenses (to be assumed and paid by the Trustee) times the number
of Units of the annual distribution plan] of the amount of interest which
accrues on any "when, as and if issued" Bonds between the first settlement date
of the Trust and the respective dates of delivery of such Bonds.
(l) For purposes of Section 7.05, the Depositors' maximum
annual fee is hereby specified to be $0.25 per $1,000 principal amount of Bonds
in the Trust.
(m) For purposes of this Series of Insured Municipal
Securities Trust, the form of Certificate set forth in this Indenture shall be
appropriately modified to reflect the title of this Series as set forth above.
(n) For purposes of this Series of Insured Municipal
Securities Trust, the execution date of this Indenture shall be the date first
written above.
IN WITNESS WHEREOF, the parties hereto have caused this
Reference Trust Agreement to be duly executed on the date first above written.
[Signatures on separate pages]
-3-
C/M 11939.0001 406324.1
BEAR, XXXXXXX & CO. INC.
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss:
COUNTY OF NEW YORK )
On this 14th day of November, 1991, before me personally
appeared Xxxxx X. XxXxxxx, to me known, who being by me duly sworn, said that
he is an Authorized Signator of Bear, Xxxxxxx & Co. Inc., one of the
corporations described in and which executed the foregoing instrument, and that
he signed his name thereto by authority of the Board of Directors of said
corporation.
Notary Public
C/M 11939.0001 406324.1
GRUNTAL & CO. INCORPORATED
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 14th day of November, 1991, before me personally
appeared Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he
is an Authorized Signator of Gruntal & Co. Incorporated, one of the
corporations described in and which executed and foregoing instrument, and that
he signed his name thereto by authority of the Board of Directors of said
corporation.
Notary Public
C/M 11939.0001 406324.1
UNITED STATES TRUST COMPANY
OF NEW YORK, Trustee
By:
Assistant Vice President
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 12th day of November, 1991, before me personally
appeared Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he
is an Authorized Signator United States Trust Company of New York, one of the
corporations described in and which executed the foregoing instrument; that he
knows the seal of said corporation; that the seal affixed to said instrument is
such corporate seal; that it was so affixed by authority of the Board of
Directors of said corporation and that he signed his name thereto by like
authority.
Notary Public
C/M 11939.0001 406324.1
XXXXX INFORMATION SYSTEMS, INC.,
Evaluator
By:
President
SEAL
ATTEST:
-----------------------------
Executive Vice President and
Secretary
C/M 11939.0001 406324.1
SCHEDULE A
INSURED MUNICIPAL SECURITIES TRUST
PORTFOLIO
---------------------
NEW YORK NAVIGATOR INSURED SERIES 9
---------------------
As of November 14, 1991
A MONTHLY PAYMENT SERIES
SEMI-ANNUAL PAYMENT SERIES OR ANNUAL PAYMENT SERIES
Aggregate Name of Issuer and Coupon/ Redemption Feature
Portfolio Principal Title of Bonds Maturity S.F.-- Sinking Fund Cost of Bonds
No. Amount Contracted for(4) Ratings(1) Date(s)(2) Ref.-- Refunding(2) to Trust(3)
--- ------ ----------------- ---------- ---------- ------------------- -----------
1 $200,000 Dorm. Auth. of the State of N.Y. Mt. Sinai AAA 6.750% 7/01/10 @ 100 S.F. $203,200
Schl. of Medicine Insrd. Xxx. Xxxxx Series 7/01/2015 7/01/01 @ 000 Xxx.
0000 (XXXX Corp.)
2 380,000 N.Y. State Hsg. Finc. Agncy. Multi. Fam. AAA 7.450% 11/01/92 @ 100 S.F. 399,057
Hsg. Xxx. Xxxxx Series A (MBIA Corp.) 11/01/2028 11/01/99 @ 102 Ref.
3 500,000 N.Y. Local Gov. Assis. Corp. (A Pub. AAA 6.500% 4/01/11 @ 100 S.F. 491,115
Benefit Corp. of the State of N.Y.) Rev. 4/01/2015 4/01/01 @ 100 Ref.
Bonds Series 0000X (XXXX Corp.)
4 500,000 N.Y. State Med. Care Facs. Finc. Agncy. AAA 7.500% 2/15/12 @ 100 S.F. 533,225
Mental Hlth. Servs. Facs. Imprvmnt. Rev. 2/15/2021 2/15/01 @ 102 Ref.
Bonds Series 0000X (XXXX Corp.)
5 200,000 N.Y. State Med. Care Facs. Finc. Agncy. AAA 7.125% 11/01/06 @ 100 S.F. 207,307
No. Shore Univ. Hosp. Mtg. Prjt. Rev. 11/01/2008 11/01/00 @ 102 Ref.
Bonds Series 0000X (XXXX Corp.)
6 500,000 N.Y. State Urb. Dev. Corp. State Facs. Rev. AAA 7.500% 4/01/12 @ 100 S.F. 533,505
Bonds Series 0000 (XXXX Corp.) 4/01/2020 4/01/01 @ 102 Ref.
7 270,000 Metro. Trans. Auth. of N.Y. Trans. Facs. AAA 5.500% No Sinking Fund 234,673
Xxx. Xxxxx Series G. (MBIA Corp.) 7/01/2015 7/01/96 @ 100 Ref.
8 250,000 Xxxxxxxxxx, Otsego, Schoharie Cntys. AAA 7.250% 01/01/04 @ 100 S.F. 262,643
N.Y. Solid Waste Mgmt. Auth. Solid Waste 1/01/2014 01/01/00 @ 103 Ref.
Sys. Xxx. Xxxxx Series 0000 (XXXX Corp.)
9 330,000 City of N.Y. Gen. Oblig. Serial Xxx. Xxxxx AAA 7.750% No Sinking Fund 354,648
Fiscal 1990 Seris 1 (MBIA Corp.) 8/15/2022 8/15/99 @ 101.5 Ref.
10 215,000 City of N.Y. Gen. Oblig. Xxx. Xxxxx Fiscal AAA 7.250% No Sinking Fund 224,505
1991 Series A (MBIA Corp.) 3/15/2020 3/15/00 @ 101.5 Ref.
11 130,000 N.Y. City Gen. Oblig. Xxx. Xxxxx Fiscal AAA 8.000% No Sinking Fund 143,425
1991 Series D (MBIA Corp.) 8/01/2019 8/01/01 @ 101.5 Ref.
12 300,000 N.Y. City Muni. Wtr. Finc. Auth. Wtr. & AAA 6.000% No Sinking Fund 276,966
Swr. Sys. Xxx. Xxxxx Series A (MBIA 6/15/2020 6/15/00 @ 100 Ref.
Corp.)
13 500,000 Triborough Bridge & Tunnel Auth. Spec. AAA 6.875% 1/01/11 @ 100 S.F. 508,695
Oblig. Rfndg. Xxx. Xxxxx Series 1991 B 1/1/2015 1/01/01 @ 000 Xxx.
(XXXX Corp.)
14 225,000 N.Y. State Mtg. Agncy. Hmownr. Mtg. AAA 0.000% 4/01/12 @ 52.88 S.F. 24,727
Xxx. Xxxxx Series II (MBIA Corp.) 4/01/2020 4/01/99 @ 19.34 Ref.
$4,500,000 $4,397,690
============= =============
C/M 11939.0001 406324.1
INSURED MUNICIPAL SECURITIES TRUST
NEW JERSEY NAVIGATOR INSURED SERIES 6
REFERENCE TRUST AGREEMENT
This Reference Trust Agreement dated November 14, 1991 among
Bear, Xxxxxxx & Co. Inc. and Gruntal & Co., Incorporated, as Depositors, United
States Trust Company of New York, as Trustee and Xxxxx S&P Evaluation Services,
a division of Xxxxx Information Systems, Inc., as Evaluator, sets forth certain
provisions in full and incorporates other provisions by reference to the
document entitled "Insured Municipal Securities Trust, 47th Discount Series and
Series 20, and Subsequent Series, Trust Indenture and Agreement" dated June 16,
1989 as amended in part by this Reference Trust Agreement (herein as amended or
supplemented called the "Indenture"). This Reference Trust Agreement and the
Indenture, as incorporated by reference herein, will constitute a single
instrument.
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements
herein contained, the Depositors, the Trustee, and the Evaluator agree as
follows:
Part I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the
provisions contained in the Indenture are herein incorporated by reference in
their entirety and shall be deemed to be a part of this instrument as fully and
to the same extent as though said provisions had been set forth in full in this
instrument.
For purposes of the references made to Section 7.04 in
Sections 3.05(d), 3.06(A)(3), 3.06(B)(3) and 7.05 of the Indenture, the
Indenture is hereby amended to delete such references made to Section 7.04 and
to substitute therefor references to Section 7.05.
(a) All references to the words "Standard & Poor's
Corporation" appearing therein are hereby deleted and the words "Xxxxx S&P
Evaluation Services, a division of Xxxxx Information Systems, Inc." are hereby
added in place thereof.
C/M 11939.0001 406324.1
Part II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed
to:
(a) The interest-bearing obligations listed in Schedule A
hereto have been deposited in trust under this Indenture.
(b) For the purposes of the definition of the Unit in Article
I the fractional undivided interest in and ownership of the Trust is 1/4,000.
(c) The fiscal year for the Trust shall end on June 30 of
each year.
(d) The term Record Date shall mean the first day of each
month (or the last business day prior thereto) commencing on April 1, 1992 for
monthly distributions, December 1 and June 1 of each year for semi-annual
distributions (commencing on June 1, 1992) and December 1 of each year for
annual distributions (commencing on December 1, 1992).
(e) The term Payment Date shall mean the fifteenth day of
each month (or the last business day prior thereto) commencing on April 15,
1992 for monthly distributions, December 15 and June 15 of each year for
semi-annual distributions (commencing on June 15, 1992) and December 15 of each
year for annual distributions (commencing on December 15, 1992).
(f) All Certificateholders of record on March 1, 1992 (the
"First Record Date"), regardless of the plan of distribution selected, will
receive a distribution to be made on or shortly after March 15, 1992 (the
"First Payment Date"), and thereafter distributions will be made monthly,
semi-annually or annually, depending upon the plan of distribution chosen by
each Certificateholder.
(g) The First Settlement Date shall mean November 21, 1991.
(h) The number of Units referred to in Section 2.03 is 4,000.
(i) For the purposes of Section 4.02, the Evaluator shall
receive for each evaluation of the Bonds in the Trust a minimum fee of $8, plus
a fee of $0.25 for determining the aggregate value of each issue of Bonds in
excess of 50 issues (treating separate maturities of Bonds as separate issues).
-2-
C/M 11939.0001 406324.1
(j) For the purposes of Section 6.01(g), the liquida- tion
amount is hereby specified to be $1,600,000.
(k) For purposes of Section 6.04, the Trustee shall be paid
per annum $1.07 per $1,000 principal amount of Bonds for that portion of the
Trust under the monthly distribution plan, $.62 per $1,000 principal amount of
Bonds for that portion of the Trust under the semi-annual distribution plan and
$.37 per $1,000 principal amount of Bonds for that portion of the Trust under
the annual distribution plan. During the first year after the date hereof, such
payments to the Trustee will be reduced by a portion [a maximum of $.90 per
Unit times the number of Units on the monthly distribution plan, $.62 per unit
plus $.28 of Trust expenses (to be assumed and paid by the Trustee) times the
number of Units on the semi-annual distribution plan and $.37 per Unit plus
$.53 of Trust expenses (to be assumed and paid by the Trustee) times the number
of Units of the annual distribution plan] of the amount of interest which
accrues on any "when, as and if issued" Bonds between the first settlement date
of the Trust and the respective dates of delivery of such Bonds.
(l) For purposes of Section 7.05, the Depositors' maximum
annual fee is hereby specified to be $0.25 per $1,000 principal amount of Bonds
in the Trust.
(m) For purposes of this Series of Insured Municipal
Securities Trust, the form of Certificate set forth in this Indenture shall be
appropriately modified to reflect the title of this Series as set forth above.
(n) For purposes of this Series of Insured Municipal
Securities Trust, the execution date of this Indenture shall be the date first
written above.
IN WITNESS WHEREOF, the parties hereto have caused this
Reference Trust Agreement to be duly executed on the date first above written.
[Signatures on separate pages]
-3-
C/M 11939.0001 406324.1
BEAR, XXXXXXX & CO. INC.
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss:
COUNTY OF NEW YORK )
On this 14th day of November, 1991, before me personally
appeared Xxxxx X. XxXxxxx, to me known, who being by me duly sworn, said that
he is an Authorized Signator of Bear, Xxxxxxx & Co. Inc., one of the
corporations described in and which executed the foregoing instrument, and that
he signed his name thereto by authority of the Board of Directors of said
corporation.
Notary Public
C/M 11939.0001 406324.1
GRUNTAL & CO. INCORPORATED
Depositor
By:
Authorized Signator
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 14th day of November, 1991, before me personally
appeared Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he
is an Authorized Signator of Gruntal & Co. Incorporated, one of the
corporations described in and which executed and foregoing instrument, and that
he signed his name thereto by authority of the Board of Directors of said
corporation.
Notary Public
C/M 11939.0001 406324.1
UNITED STATES TRUST COMPANY
OF NEW YORK, Trustee
By:
Assistant Vice President
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 12th day of November, 1991, before me personally
appeared Xxxxxx Xxxxxxx, to me know, who being by me duly sworn, said that he
is an Authorized Signator United States Trust Company of New York, one of the
corporations described in and which executed the foregoing instrument; that he
knows the seal of said corporation; that the seal affixed to said instrument is
such corporate seal; that it was so affixed by authority of the Board of
Directors of said corporation and that he signed his name thereto by like
authority.
Notary Public
C/M 11939.0001 406324.1
XXXXX INFORMATION SYSTEMS, INC.,
Evaluator
By:
President
SEAL
ATTEST:
-----------------------------
Executive Vice President and
Secretary
C/M 11939.0001 406324.1
SCHEDULE A
INSURED MUNICIPAL SECURITIES TRUST
PORTFOLIO
---------------------
NEW JERSEY NAVIGATOR INSURED SERIES 6
---------------------
As of November 14, 1991
A MONTHLY PAYMENT SERIES
SEMI-ANNUAL PAYMENT SERIES OR ANNUAL PAYMENT SERIES
Aggregate Name of Issuer and Coupon/ Redemption Feature
Portfolio Principal Title of Bonds Maturity S.F.-- Sinking Fund Cost of Bonds
No. Amount Contracted for(4) Ratings(1) Date(s)(2) Ref.-- Refunding(2) to Trust(3)
--- ------ ----------------- ---------- ---------- ------------------- -----------
1 $320,000(4) N.J. Ed. Facs. Auth. Xxx. Xxxxx Montclair AAA 6.400% 7/01/07 @ 100 S.F. $318,198
State Cllg. Issue Series 0000X (XXXX 7/01/2011 7/01/01 @ 101 Ref.
Corp.)
2 500,000(4) N.J. Ed. Facs. Auth. The Xxxxxxx Xxxxxxxx AAA 6.375% 7/01/07 @ 100 S.F. 491,773
Cllg. of N.J. Issue Xxx. Xxxxx Series 1991F 7/01/2021 7/01/01 @ 000 Xxx.
(XXXX Corp.)
3 300,000 N.J. Hlth. Care Facs. Fincg. Auth. Rev. AAA 7.250% 2/15/08 @ 100 S.F. 318,954
Bonds Cathedral Hlth. Servs. Inc. Issue 2/15/2021 2/15/01 @ 102 Ref.
(FHA Insrd. Mtg.) Series A (MBIA Corp.)
4 500,000 N.J. Hlth. Care Facs. Fincg. Auth. Rev. AAA 7.000% 7/01/01 @ 100 S.F. 520,870
Bonds Comm. Med. Cntr./Kensington 7/01/2020 7/01/00 @ 102 Ref.
Manor Care Center Issue Series E (MBIA
Corp.)
5 150,000 N.J. Care Facs. Fincg. Auth. Xxx. Xxxxx AAA 6.500% 7/01/11 @ 100 S.F. 149,250
Xxxxxx Med. Cntr. Issue Series 1991 7/01/2021 7/01/01 @ 000 Xxx.
(XXXX Corp.)
6 500,000 N.J. Hlth. Care Facs. Fincg. Auth.Rev. AAA 6.300% 7/01/14 @ 100 S.F. 493,595
Bonds St. Peter's Med. Cntr. Issue Series D 7/01/2018 7/01/97 @ 100 Ref.
(MBIA Corp.)
7 500,000 N.J. Hsg. & Mtg. Finc. Agncy. Home AAA 7.950% 4/01/11 @ 100 S.F. 535,700
Buyer Xxx. Xxxxx Series 1990F 4/01/2025 10/01/00 @ 102 Ref.
(AMT)(MBIA Corp.)
8 250,000 Ocean Cnty. N.J. Utils. Auth. Waste Wtr. AAA 6.600% 1/01/12 @ 100 S.F. 251,933
Rfndg. Xxx. Xxxxx Series 0000X (XXXX 1/01/2018 1/01/01 @ 101 Ref.
Corp.)
9 500,000 Oradell N.J. Bd. of Ed. in the Cnty. of AAA 7.200% 4/01/03 @ 100 S.F. 527,840
Bergen N.J. Certs. of Part. Xxx. Xxxxx 10/01/2009 10/01/99 @ 000 Xxx.
(XXXX Corp.)
10 250,000 N.Y. & N.J. Port. Auth. Consldtd. Rev. AAA 6.875% 7/01/12 @ 100 S.F. 256,853
Bonds Sixty-Seventh Series (MBIA Corp.) 1/01/2025 1/01/00 @ 101 Ref.
11 100,000 Camden Cnty. N.J. Muni. Utils. Auth. Cnty AAA 0.000% No Sinking Fund 19,274
Agreement Swr. Rev. Cap. Apprec. Bonds 9/01/2016 Non-Callable
Series 0000X (XXXX Corp.)
12 130,000 Camden Cnty. N.J. Muni. Utils. Auth. Cnty. AAA 0.000% No Sinking Fund 21,941
Agreement Swr. Rev. Cap. Apprec. Bonds 9/01/2018 Non-Callable
Series 0000X (XXXX Corp.)
$4,000,000 $3,906,183
============= =============
C/M 11939.0001 406324.1
