NOTICE OF SALE OF TAX ANTICIPATION WARRANTS OF PORTER TOWNSHIP,

PORTER COUNTY, INDIANA

Notice is hereby given, that the Township Board of Porter Township, Indiana on November 5, 2009, at 4:00 p.m. (Local Time) at the offices of Cender & Company, L.L.C., 8585 Broadway, Suite 777, Merrillville, Indiana, the Township’s Financial Advisor will receive sealed bids, or telecopied bids, on and let to the lowest bidder therefore, the following described time warrants:

Time warrants in anticipation of taxes levied and in the sum of an amount not to exceed $34,000 for the Operating Fund and $100,000 for the Fire Fighting Fund, maturing on March 31, 2010, and dated as of the date of delivery thereof to the Purchaser or Purchasers; all such warrants shall bear interest at a rate to be determined by this bidding payable at maturity of the warrants. Interest shall be calculated on a 365-day basis. Principal and Interest shall be payable at the office of the Trustee of the Township. It is anticipated that the time loan warrants will be delivered on or about November 13, 2009.

Interest rates shall be a fixed rate and stated as multiples of 1/100 of one percent (1%). The warrants shall be awarded to the bidder and/or bidders submitting the lowest net interest rate or rates after deducting therefrom the premium bid, if any, for the warrants or portion thereof bid for. Any premium shall be allocated evenly among all warrants subject to the bid. The right is reserved to reject any and all bids and to deliver less than the whole issue if an approving opinion cannot be obtained covering the whole issue. If acceptable bids are not received on the sale date covering the warrants, the sale of the unpurchased portion thereof, may be continued from day to day thereafter, for not exceeding thirty (30) days without readvertisement of the sale. Within 24 hours of being notified that they are the successful bidder, the purchaser must provide the Township with cash, a certified cashiers check or a financial surety bond in the amount of one percent (1%) of the amount of the warrants bid for, made payable to the Township, to guarantee the Township against default by such bidder in complying with the terms of this notice and of its bid. At the time of delivery, the successful bidder will be required to certify as to the price at which a substantial amount of the warrants was reoffered to the public.

Said warrants are being issued under the provision of I.C. 36-6-6-15, to evidence temporary loans for the purpose of obtaining funds to be used for the Operating Fund and Fire Fighting Fund for the purpose of meeting expenses of the Township included in the regular budget and appropriations adopted for the year 2009, which expenses must be met prior to the final settlement and distributions of taxes in the year of 2009. There has been appropriated and pledged a sufficient amount of current revenues of the Township to be derived from the Operating Fund Levy and Fire Fighting Fund Levy, made in the year of 2008, collectible in the year of 2009 and thereafter, to pay the principal of and interest of said warrants at maturity.

This temporary loan warrant has been designated as a qualified obligation pursuant to Section 265(b)(3) of the Internal Revenue Code.

The approving opinion of Burke Costanze & Cuppy LLP, local counsel, covering the legality of such warrant will be furnished to the Purchaser at the Township’s expense, together with the usual closing certificates and a transcript of the legal proceedings. No conditional bids shall be considered. The warrants for each Fund of this issue shall be delivered at the time set above. The successful bidder or bidders shall accept delivery of the warrants and make payment therefore at such Bank as such bidder or bidders shall designate.

PORTER TOWNSHIP, INDIANA

Township Board

(Octboer 26, November 2, 2009)