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The City of Memphis, Tennessee (the “City”) HEREBY PROVIDES NOTICE that on April 23, 2021, the City reached the threshold number of Bondholder Consents necessary to initiate the effectiveness of the Amended and Restated Master Resolution (the “Amended and Restated Master Resolution”) adopted by the City Council of the City on September 1, 2020. Thirty (30) days from the date of the first publication of this Notice (July 28, 2021) will be the effective date (the “Effective Date”) of the Amended and Restated Master Resolution, which will, at that time, amend, restate, and replace, in its entirety, the master resolution adopted by the City Council on February 24, 1981, as amended, pursuant to which the City’s outstanding Sanitary Sewerage System Revenue and Revenue Refunding Bonds were issued. On the Effective Date, the City intends that the Amended and Restated Master Resolution will (1) incorporate more modern provisions in comparison to the Existing 1981 Master Resolution; (2) clarify or augment guidance on certain matters not included, or not sufficiently detailed, in the Existing 1981 Master Resolution; and (3) more closely align certain provisions of the Existing 1981 Master Resolution with the City’s practices and procedures for managing both the revenues and obligations of its Sanitary Sewerage System.

NOTICE IS HEREBY GIVEN that School District No. 2 of Dorchester County, South Carolina (the “School District”), on June 17, 2021, issued its $134,300,000 Taxable General Obligation Advance Refunding Bond, Series 2021 (the “Series 2021 Bond”). A portion of the proceeds of the Series 2021 Bond was used for the purpose of advance refunding the School District’s original principal amount $140,000,000 General Obligation Bonds of 2014A, maturing on March 1, 2025 through March 1, 2033, inclusive, on the redemption date thereof (March 1, 2024).

NOTICE IS HEREBY GIVEN to the holders of the Bonds of the Authority set forth in the Schedule below (the “Defeased Bonds”) that there has been deposited with U.S. BANK NATIONAL ASSOCIATION, as Trustee and Escrow Agent, moneys and direct obligations of the United States of America, as permitted by the Authority’s Water and Sewer System Second General Revenue Bond Resolution, adopted by the Authority on March 30, 1994, as amended and supplemented to the date hereof (the “Second General Resolution”), the principal of and interest on which, when due at maturity or redeemed prior to maturity, will provide moneys which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient and available to pay the principal amount thereof and interest due and to become due on the Defeased Bonds on and prior to the respective redemption dates or maturity dates as set forth in the Schedule below. The Defeased Bonds are deemed to be paid in accordance with Section 1201 of the Second General Resolution. The Trustee has been irrevocably instructed to pay the Defeased Bonds on the respective maturity dates or redemption date, as applicable, at 100% of the principal amount thereof, plus accrued interest thereon to the respective redemption dates and maturity dates.

The City of Memphis, Tennessee (the “City”) HEREBY PROVIDES NOTICE that on April 23, 2021, the City reached the threshold number of Bondholder Consents necessary to initiate the effectiveness of the Amended and Restated Master Resolution (the “Amended and Restated Master Resolution”) adopted by the City Council of the City on September 1, 2020. Thirty (30) days from the date of the first publication of this Notice (July 28, 2021) will be the effective date (the “Effective Date”) of the Amended and Restated Master Resolution, which will, at that time, amend, restate, and replace, in its entirety, the master resolution adopted by the City Council on February 24, 1981, as amended, pursuant to which the City’s outstanding Sanitary Sewerage System Revenue and Revenue Refunding Bonds were issued. On the Effective Date, the City intends that the Amended and Restated Master Resolution will (1) incorporate more modern provisions in comparison to the Existing 1981 Master Resolution; (2) clarify or augment guidance on certain matters not included, or not sufficiently detailed, in the Existing 1981 Master Resolution; and (3) more closely align certain provisions of the Existing 1981 Master Resolution with the City’s practices and procedures for managing both the revenues and obligations of its Sanitary Sewerage System.

NOTICE IS HEREBY GIVEN to the holders of the above-referenced Bonds that the City of Columbia, South Carolina, on March 17, 2021, issued its $116,600,000 original principal amount Waterworks and Sewer System Refunding Revenue Bonds, Taxable Series 2021B (the "2021B Bonds"). A portion of the proceeds of the 2021B Bonds were used for the purpose of effecting the advance refunding and defeasance of all of the outstanding (1) 2016A Bonds which mature on February 1 in the years 2032 through 2042, inclusive, on February 15, 2027, the redemption date thereof, (2) 2018 Bonds which mature on February 1 in the years 2042 and 2048, on February 1, 2028, the redemption date thereof, and (3) 2019A Bonds which mature on February 1, 2049, on February 1, 2029, the redemption date thereof.

NOTICE IS HEREBY GIVEN, that, there have been called for full redemption on July 1, 2021 all outstanding Bonds of the above captioned bonds, totaling $14,930,000.00 in principal amount, plus accrued interest thereon to the Redemption Date, as listed below:

NOTICE IS HEREBY GIVEN to the holders of the outstanding State of Georgia General Obligation Bonds and State of Georgia General Obligation Refunding Bonds as listed above (collectively, the “Bonds”), that the Bonds have been called for redemption prior to maturity as of July 1, 2021, in accordance with their terms at a redemption price of 100% of the principal amount thereof, together with accrued interest thereon to July 1, 2021.

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the “Bonds”), $ 8,230,000 principal amount of the Bonds will be redeemed on July 1, 2021, at a Redemption Price of 100%, together with interest accrued to July 1, 2021. From and after July 1, 2021, interest on the Bonds shall cease to accrue.

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $893,800,000 principal amount of the Bonds will be redeemed on June 15, 2021, at a Redemption Price of 100.00%, together with interest accrued to June 15, 2021, interest on the Bonds shall cease to accrue.

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $702,150,000 principal amount of the Bonds will be redeemed on June 15, 2021, at a Redemption Price of 100.00%, together with interest accrued to June 15, 2021, interest on the Bonds shall cease to accrue.