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EXHIBIT 4.2
MICHIGAN DEPARTMENT OF CONSUMER & INDUSTRY SERVICES
CORPORATION AND LAND DEVELOPMENT BUREAU
(FOR BUREAU USE ONLY)
Date Received
Nov 20 2000
This document is effective on the date filed,
unless a subsequent effective date within 90
days after received date is stated in the document.
Name C. Leslie Banas, Atty. FILED
Honigman Miller Schwartz and Cohn
NOV 20 2000
Address
2290 First National Building ADMINISTRATOR
BUREAU OF COMMERCIAL SERVICES
City State Zip Code
Detroit MI 48226-3583 EFFECTIVE DATE:
/\ DOCUMENT WILL BE RETURNED TO THE NAME AND ADDRESS YOU ENTER ABOVE. /\
IF LEFT BLANK DOCUMENT WILL BE MAILED TO THE REGISTERED OFFICE.
ARTICLES OF ORGANIZATION
FOR USE BY DOMESTIC LIMITED LIABILITY COMPANIES
(Please read information and instructions on last page) B 84-506
Pursuant to the provisions of Act 23, Public Acts of 1993,
the undersigned execute the following Articles:
ARTICLE I
The name of the limited liability company is: The Detroit Edison Securitization
Funding LLC
ARTICLE II
See Attachment.
ARTICLE III
The duration of the limited liability
company if other than perpetual is: perpetual.
ARTICLE IV
1. The street address of the location of the registered office is:
2000 Second Avenue, Detroit , Michigan 48226-1279
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(Street Address) (City) (Zip Code)
2. The mailing address of the registered office if different than above:
, Michigan
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(Street Address or P.O. Box) (City) (Zip Code)
3. The name of the resident agent at the registered office is: Susan M. Beale
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ARTICLE V (insert any desired additional provision authorized by the Act;
attach additional pages if needed.)
The limited liability company shall be managed by managers.
Signed this 17th day of November, 2000
See Signature Page
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ATTACHMENT
TO
ARTICLES OF ORGANIZATION
OF
THE DETROIT EDISON SECURITIZATION FUNDING LLC
ARTICLE II
The purpose for which the limited liability company is formed is to:
purchase and own certain securitization property; issue one or more series of
securitization bonds, each of which may be comprised of one or more classes,
from time to time; pledge its interest in the securitization property and other
collateral to the trustee under the indenture executed in connection with the
issuance of securitization bonds, to secure such securitization bonds; and
perform activities that are necessary, suitable or convenient to accomplish the
foregoing, including the consummation of interest rate swap agreements and/or
hedging arrangements incident to the issuance of securitization bonds.
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SIGNATURE PAGE
TO
ARTICLES OF ORGANIZATION
OF
THE DETROIT EDISON SECURITIZATION FUNDING LLC
THE DETROIT EDISON COMPANY,
a Michigan corporation
By: /s/ N.A. Khouri
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N.A. Khouri
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Its: Assistant Treasurer
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