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<br />R-~- <br />'t; '.- <br />v.. <br /> <br />SunTrust Bank <br /> <br />u.s. Bank National Association <br /> <br />February 20, 2007 <br /> <br />City of Martinsvllle <br />Attn: Wade Bartlett, Director of Finance <br />55 West Church Street <br />P.O. Box 1 I 12 <br />Martinsville, VA 24114 <br /> <br />Re: Indenture of Trust dated as of June 15, 1999 (the "Trust Indenture") for City of <br />Martinsville $4,145,000 General Obligation Refunding Bonds Series 1999 <br /> <br />Dear Mr. Bartlett: <br /> <br />'\ p< :".!8U:';!Y :m!1ounc::d, on Septemher 29, 2006 SnnTrust B2nk ("SlInTrllst") sold its corporate <br />trusl business to U.S. Bank NatIOnal Association ("U.S. Bank"). In connectlon wIth the sale, <br />SunTrust desires to resign as Trustee under the Trust Indenture and U.S. Bank desires to be appointed as <br />the successor Trustee and assume all duties, obligations and responsibilities of the Trustee under the Trust <br />Indenture. The enclosed Resignation and Appointment Agreement provides for U.S. Bank, SunTrust and <br />City of Martinsville to agree to such resignation and appointment. <br /> <br />If amenable, kindly arrange for City of Martinsville to execute the Resignation and Appointment <br />Agreement, in the space provided, in triplicate and return two original copies to U.S. Bank in the enclosed <br />envelope addressed to U.S. Bank Corporate Trust Services, Attn: Denlin Associates, PO Box 960778, <br />Boston MA 02196-0778. You may retain the other copy for your files. <br /> <br />If you have any questions or comments concerning this matter, please contact David Nigrelli, your <br />Account Manager at 804-77 I -7936. <br /> <br />SunTrust has appreciated the opportunity to serve you and U.S. Bank looks forward to working with you <br />in the future. <br /> <br />SUNTRUST BANK <br /> <br />U.S. BANK TRUST NA TIONAL ASSOCIATION <br /> <br />/~'),// . f' <br />8)':___ ~.,L-'.."'~~. ,ft.~.':ff__..1' <br /> <br />B)9 ~. !,.rLv-rL.^_~f <br /> <br />Diane L. Thormodsgard, President, drporate Trust and <br />Institutional Trust & Custody Services <br /> <br />Geri Kail, Senior Vice President <br /> <br />Enclosure: <br /> <br />Resignation & Appointment Agreement <br /> <br />cc: <br /> <br />City Of Martinsville <br /> <br />SK^ '.Jl>^- Jl)022 <br />