$16,515,000
Township of South Orange Village, Essex County, New Jersey
Bond Anticipation Notes, Series 2009A

(1) The Notes have received a credit rating of MIG 1 from Moody's Investors Service.

(2) Please see amended Term Sheet and page 2 of the Amended Notice Of Sale. The successful bidder only will be required to wire $330,300 to the Village as bid security by 3:00 p.m. on January 27, 2009.


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