Exhibit 4.1



                             AUTHORIZING RESOLUTIONS
                             -----------------------


                  PARAGRAPH 1. The title of the senior notes (the "Notes") shall
be "5.15% Senior Notes due 2015" (the "Notes").

                  PARAGRAPH 2. The aggregate principal amount at maturity of the
Notes which shall be authenticated and delivered under the Indenture shall be
$300,000,000 (except for any Notes authenticated and delivered upon registration
of the transfer of, or in exchange for, or in lieu of other Notes pursuant to
the terms of the Indenture); provided, however, that the Notes may be reopened
for issuances of an unlimited amount of additional Notes at any time. The Notes
will be issued only in fully registered form without coupons, in denominations
of $100,000 and integral multiples of $1,000 in excess thereof.

                  PARAGRAPH 3. The principal amount of the Notes is due and
payable in full on May 15, 2015, subject to earlier redemption as referred to in
the Indenture.

                  PARAGRAPH 4. Interest on the Notes shall accrue at a rate of
5.15% per annum (computed on the basis of a 360-day year of twelve 30-day
months), from June 2, 2005 to maturity or early redemption; and interest will be
payable semiannually in arrears on May 15 and November 15 of each year,
commencing on November 15, 2005, to the Holders in whose names such Notes are
registered at the close of business on May 1 and November 1, as the case may be,
preceding such interest payment date.

                  PARAGRAPH 5. The Issuer may, at its option, redeem the Notes,
in whole at any time or in part from time to time, providing notice pursuant to
Section 3.03 of the Indenture, at a redemption price equal to the greater of (a)
100% of the principal amount of the Notes to be redeemed and (b) the sum of the
present values of the Remaining Scheduled Payments (as defined below) on the
Notes being redeemed on the redemption date, discounted to the date of
redemption, on a semiannual basis, at the Treasury Rate plus 30 basis points
(0.30%).

                  The Issuer will also accrue interest on the Notes to the date
of redemption. In determining the redemption price and accrued interest,
interest will be calculated on the basis of a 360-day year consisting of twelve
30-day months.

                  If money sufficient to pay the redemption price of and accrued
interest on the Notes to be redeemed is deposited with the Trustee on or before
the redemption date, on and after the redemption date interest will cease to
accrue on the Notes (or such portions thereof) called for redemption and such
Notes will cease to be outstanding.

                  As used in this Paragraph 5, the following terms shall have
the respective meanings set forth below:

                  "Comparable Treasury Issue" means the United States Treasury
security selected by the Reference Treasury Dealer as having a maturity
comparable to the remaining term of the Notes to be redeemed that would be
utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of such Notes.




                  "Comparable Treasury Price" means, with respect to any
redemption date, (1) the average of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
on the third business day preceding such redemption date, as set forth in the
daily statistical release (or any successor release) published by the Federal
Reserve Bank of New York and designated "Composite 3:30 p.m. Quotations for U.S.
Government Securities" or (2) if such release (or any successor release) is not
published or does not contain such price on such business day, (A) the average
of the Reference Treasury Dealer Quotations for such redemption date, after
excluding the highest and lowest such Reference Treasury Dealer Quotations, or
(B) if the Trustee obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations.

                  "Reference Treasury Dealer" means (A) Citigroup Global Markets
Inc. or one of the other initial purchasers, as listed on Schedule I hereto, (or
their respective affiliates which are Primary Treasury Dealers), and any
successor; provided, however, that if any of the foregoing shall cease to be a
primary U.S. government securities dealer in New York City (a "Primary Treasury
Dealer"), the Issuer will substitute therefor another Primary Treasury Dealer;
and (B) any other primary Treasury Dealer(s) selected by the Issuer.

                  "Reference Treasury Dealer Quotations" means, with respect to
each Reference Treasury Dealer and any redemption date, the average, as
determined by the Trustee, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m.
on the third business day preceding such redemption date.

                  "Remaining Scheduled Payments" means, with respect to any
Note, the remaining scheduled payments of the principal thereof to be redeemed
and interest thereon that would be due after the related redemption date but for
such redemption; provided, however, that if such redemption date is not an
interest payment date with respect to such Note, the amount of the next
succeeding scheduled interest payment thereon will be reduced by the amount of
interest accrued thereon to such redemption date.

                  "Treasury Rate" means, with respect to any redemption date,
the rate per annum equal to the semi-annual equivalent yield to maturity of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.

                  PARAGRAPH 6. Principal of and interest on the Notes shall be
payable in accordance with Section 1 and 2 of the Notes.

                  PARAGRAPH 7. The Notes shall not be convertible into the
Issuer's or any of the Guarantors' common stock.

                  PARAGRAPH 8. Neither the Notes nor the Guarantees shall be
secured.

                                      -2-


                  PARAGRAPH 9. For purposes of the Notes, the Private Placement
Legend in Section 2.16 shall be amended to read as follows:

         This security has not been registered under the Securities Act of 1933,
         as amended (the "Securities Act"), or any state or other securities
         laws. Neither this security nor any interest or participation herein or
         therein may be reoffered, sold, assigned, transferred, pledged,
         encumbered or otherwise disposed of in the absence of such registration
         or unless such transaction is exempt from, or not subject to, the
         registration requirements of the Securities Act. By its acquisition
         hereof, the holder (1) represents that it is a "qualified institutional
         buyer" (as defined in Rule 144A ("Rule 144A") under the Securities Act)
         or it is acquiring this note in an offshore transaction in compliance
         with Regulation S under the Securities Act, (2) agrees not to offer,
         sell or otherwise transfer this note prior to (x) the date which is two
         years (or such shorter period of time as permitted by Rule 144(k) of
         the Securities Act) after the original issue date of the senior notes
         or (y) such later date, if any, as may be required by applicable law
         (the "resale restriction termination date") except (a) to Toll
         Brothers, Inc. or any of its subsidiaries (b) pursuant to a
         registration statement which has been declared, and is then, effective
         under the Securities Act, (c) for so long as the senior notes are
         eligible for resale pursuant to Rule 144A, to a person it reasonably
         believes is a "qualified institutional buyer" as defined in Rule 144A
         that purchases for its own account or for the account of a qualified
         institutional buyer, in each case to whom notice is given that the
         transfer is being made in reliance on Rule 144A, or (d) in an offshore
         transaction meeting the requirements of Rule 903 or Rule 904 of
         Regulation S under the Securities Act, or (e) pursuant to another
         available exemption from the registration requirements of the
         Securities Act, subject in each of the foregoing cases to any
         requirement of law that the disposition of its property or the property
         of such investor account or accounts be at all times within its or
         their control, and (3) agrees that it will give to each person to whom
         this note is transferred a notice substantially to the effect of this
         legend; provided that Toll Brothers, Inc. and the Trustee shall have
         the right prior to any such offer, sale or transfer pursuant to clause
         (e) to require the delivery of an opinion of counsel, certification
         and/or other information satisfactory to each of them. This legend will
         be removed upon the request of the holder after the resale restriction
         termination date.

                  PARAGRAPH 10. As used in the Indenture, the following terms
shall have the respective meanings set forth below:

                  "Attributable Debt" means, in respect of a Sale and Lease-back
Transaction, the present value (discounted at the weighted average effective
interest cost per annum of the outstanding senior notes of all series,
compounded semiannually) of the obligation of the lessee for rental payments
during the remaining term of the lease included in such transaction, including
any period for which such lease has been extended or may, at the option of the
lessor, be extended or, if earlier, until the earliest date on which the lessee
may terminate such lease upon payment of a penalty (in which case the obligation
of the lessee for rental payments shall include such penalty), after excluding
all amounts required to be paid on account of maintenance and repairs,
insurance, taxes, assessments, water and utility rates and similar charges.

                                      -3-


                  "Bank Credit Facilities" means the Revolving Bank Credit
Facility and the Bank Term Loan.

                  "Bank Term Loan" means the Term Loan agreement by and among
First Huntington Finance Corp., the Company and the lenders that are parties
thereto, dated July 25, 2000, as amended, and any related documents (including,
without limitation, any guarantees or security documents), as such agreements
(and such related documents) may be amended, restated, supplemented, renewed,
replaced by the existing lenders or by successors or otherwise modified from
time to time, including any agreement(s) extending the maturity of or
refinancing or refunding all or any portion of the indebtedness or increasing
the amount to be borrowed under such agreements or any successor agreement(s),
whether or not by or among the same parties.

                  "Consolidated Net Tangible Assets" means the total amount of
assets which would be included on a combined balance sheet of the Issuer, the
Company and the other Guarantors under accounting principles generally accepted
in the United States (less applicable reserves and other properly deductible
items) after deducting therefrom: (1) all short-term liabilities, except for
liabilities payable by their terms more than one year from the date of
determination (or renewable or extendible at the option of the obligor for a
period ending more than one year after such date) and liabilities in respect of
retiree benefits other than pensions for which the Restricted Subsidiaries are
required to accrue pursuant to Statement of Financial Accounting Standards No.
106; (2) investments in subsidiaries that are not Restricted Subsidiaries; and
(3) all goodwill, trade names, trademarks, patents, unamortized debt discount,
unamortized expense incurred in the issuance of debt and other tangible assets.

                  "Consolidated Net Worth" of any person means the consolidated
stockholders' equity of the person determined in accordance with accounting
principles generally accepted in the United States.

                  "Guarantor" means (i) the Company, (ii) initially on the
execution of these Authorizing Resolutions, each of the entities listed on
Schedule I, attached hereto, and (iii) each of the Company's Subsidiaries which
becomes a guarantor of the Notes pursuant to the provisions of the Indenture.

                  "Indebtedness" means (1) any liability of any person (A) for
borrowed money, (B) evidenced by a bond, note, debenture or similar instrument
(including a purchase money obligation) given in connection with the acquisition
of any businesses, properties or assets of any kind (other than a trade payable
or a current liability arising in the ordinary course of business), (C) for the
payment of money relating to a Capitalized Lease Obligation or (D) for all
Redeemable Capital Stock valued at the greater of its voluntary or involuntary
liquidation preference plus accrued and unpaid dividends; (2) any liability of
others described in the preceding clause (1) that such person has guaranteed or
that is otherwise its legal liability; and (3) all Indebtedness referred to in
(but not excluded from) clauses (1) and (2) above of other persons and all
dividends of other persons, the payment of which is secured by (or for which the
holder of such Indebtedness has an existing right, contingent or otherwise, to
be secured by) any Security Interest upon or in property (including, without
limitation, accounts and contract rights) owned by such person, even though such
person has not assumed or become liable for the payment of such Indebtedness;
and (4) any amendment, supplement, modification, deferral, renewal, extension or
refunding of any liability of the types referred to in clauses (1), (2) and (3)
above.

                                      -4-


                  "Non-Recourse Indebtedness" means Indebtedness or other
obligations secured by a lien on property to the extent that the liability for
the Indebtedness or other obligations is limited to the security of the property
without liability on the part of the Company, the Issuer or any Restricted
Subsidiary (other than the Restricted Subsidiary which holds title to the
property) for any deficiency.

                  "Redeemable Capital Stock" means any capital stock of the
Issuer, the Company or any Subsidiary of the Company that, either by its terms,
by the terms of any security into which it is convertible or exchangeable or
otherwise, (1) is or upon the happening of an event or passage of time would be
required to be redeemed on or prior to the final stated maturity of the senior
notes or (2) is redeemable at the option of the holder thereof at any time prior
to such final stated maturity or (3) is convertible into or exchangeable for
debt securities at any time prior to such final stated maturity.

                  "Restricted Subsidiary" means any Guarantor other than the
Company.

                  "Revolving Bank Credit Facility" means the Amended and
Restated Credit Agreement by and among First Huntingdon Finance Corp., the
Company and the lenders party thereto dated July 15, 2004 and any related
documents (including, without limitation, any guarantees or security documents),
as such agreements (and such related documents) may be amended, restated,
supplemented, renewed, replaced by the existing lenders or by successors or
otherwise modified from time to time, including any agreement(s) extending the
maturity of or refinancing or refunding all or any portion of the indebtedness
or increasing the amount to be borrowed under such agreement(s) or any successor
agreement(s), whether or not by or among the same parties.

                  "Sale and Lease-back Transaction" means a sale or transfer
made by the Issuer, the Company or a Restricted Subsidiary (except a sale or
transfer made to the Issuer, the Company or another Restricted Subsidiary) of
any property which is either (a) a manufacturing facility, office building or
warehouse whose book value equals or exceeds 1% of Consolidated Net Tangible
Assets as of the date of determination or (b) another property (not including a
model home) which exceeds 5% of Consolidated Net Tangible Assets as of the date
of determination, if such sale or transfer is made with the agreement,
commitment or intention of leasing such property to the Issuer, the Company or a
Restricted Subsidiary for more than a three-year term.

                  "Secured Debt" means any Indebtedness which is secured by (i)
a Security Interest in any of the property of the Issuer, the Company or any
Restricted Subsidiary or (ii) a Security Interest in shares of stock owned
directly or indirectly by the Issuer, the Company or a Restricted Subsidiary in
a corporation or in equity interests owned by the Issuer, the Company or a
Restricted Subsidiary in a partnership or other entity not organized as a
corporation or in the Company's rights or the rights of a Restricted Subsidiary
in respect of Indebtedness of a corporation, partnership or other entity in
which the Issuer, the Company or a Restricted Subsidiary has an equity interest;
provided that "Secured Debt" shall not include Non-Recourse Indebtedness, as
such categories of assets are determined in accordance with accounting
principles generally accepted in the United States. The securing in the
foregoing manner of any such Indebtedness which immediately prior thereto was
not Secured Debt shall be deemed to be the creation of Secured Debt at the time
security is given.

                                      -5-


                  "Security Interests" means any mortgage, pledge, lien,
encumbrance or other security interest which secures the payment or performance
of an obligation.

                  "Significant Subsidiary" means any Subsidiary (i) whose
revenues exceed 10% of the Company's total revenues, in each case for the most
recent fiscal year, or (ii) whose net worth exceeds 10% of the Company's total
stockholders' equity, in each case as of the end of the most recent fiscal year.

                  "Subsidiary" means any person of which the Company, at the
time of determination by the Company, directly and/or indirectly through one or
more Subsidiaries, owns more than 50% of the shares of Voting Stock.

                  "Voting Stock" means any class or classes of capital stock
pursuant to which the holders thereof have the general voting power under
ordinary circumstances to elect at least a majority of the board of directors,
managers or trustees of any person (irrespective of whether or not, at the time,
stock of any other class or classes shall have, or might have, voting power by
reason of the happening of any contingency).

                  Capitalized terms not otherwise defined herein shall have the
meanings given to them in the Indenture.

                  PARAGRAPH 11. The Notes shall be entitled to the benefit of
each of the covenants in Article 4 of the Base Indenture and each of the
following additional covenants (each of which is deemed to be a provision of the
Indenture and, when referred to as a provision of the Indenture, shall be
identified by reference to the Section number which is set forth immediately
preceding such covenant):

                  SECTION 4.08. Restrictions on Secured Debt. The Issuer and the
Company shall not, and shall not cause or permit a Restricted Subsidiary to,
create, incur, assume, or guarantee any Secured Debt unless the Notes will be
secured equally and ratably with (or prior to) such Secured Debt; provided,
however, that this Section 4.08 does not prohibit the creation, incurrence,
assumption or guarantee of Secured Debt which is secured by: (1) Security
Interests in model homes, homes held for sale, homes that are under contract for
sale, contracts for the sale of homes, land (improved or unimproved),
manufacturing plants, warehouses or office buildings and fixtures and equipment
located thereat or thereon; (2) Security Interests in property at the time of
its acquisition by the Issuer, the Company or a Restricted Subsidiary, including
Capitalized Lease Obligations, which Security Interests secure obligations
assumed by the Issuer, the Company or a Restricted Subsidiary, or in the
property of a corporation or other entity at the time it is merged into or
consolidated with the Issuer, the Company or a Restricted Subsidiary (other than
Secured Debt created in contemplation of the acquisition of such property or the
consummation of such a merger or where the Security Interest attaches to or
affects the property of the Issuer, the Company or a Restricted Subsidiary prior
to such transaction); (3) Security Interests arising from conditional sales
agreements or title retention agreements with respect to property acquired by
the Issuer, the Company or a Restricted Subsidiary; (4) Security Interests
incurred in connection with pollution control, industrial revenue, water, sewage
or any similar item; and (5) Security Interests securing Indebtedness of a
Restricted Subsidiary owing to the Issuer, the Company or to another Restricted
Subsidiary that is wholly-owned (directly or indirectly) by the Company or
Security Interests securing the Issuer's Indebtedness owing to a Guarantor.

                                      -6-


                  Additionally, such permitted Secured Debt includes any
amendment, restatement, supplement, renewal, replacement, extension or
refunding, in whole or in part, of Secured Debt permitted at the time of the
original incurrence thereof.

                  In addition, the Issuer and the Guarantors may create, incur,
assume or guarantee Secured Debt, without equally and ratably securing the
Notes, if immediately thereafter the sum of (1) the aggregate principal amount
of all Secured Debt outstanding (excluding Secured Debt permitted under clauses
(1) through (5) above and any Secured Debt in relation to which the Notes have
been equally and ratably secured) and (2) all Attributable Debt in respect of
Sale and Lease-back Transactions (excluding Attributable Debt in respect of Sale
and Lease-back Transactions as to which the provisions of clauses (1) through
(3) of Section 4.09 "Restrictions on Sale and Lease-back Transactions" have been
complied with) as of the date of determination would not exceed 20% of
Consolidated Net Tangible Assets.

                  The provisions of this Section 4.08 with respect to
limitations on Secured Debt are not applicable to Non-Recourse Indebtedness and
will not restrict or limit the Issuer's or the Guarantors' ability to create,
incur, assume or guarantee any unsecured Indebtedness, or of any subsidiary
which is not a Restricted Subsidiary to create, incur, assume or guarantee any
secured or unsecured Indebtedness.

                  SECTION 4.09. Restrictions on Sale and Lease-back
Transactions. The Issuer and the Company shall not, and shall not permit a
Restricted Subsidiary to, enter into any Sale and Lease-back Transaction,
unless: (1) notice is promptly given to the Trustee of the Sale and Lease-back
Transaction; (2) fair value is received by the Issuer, the Company or the
relevant Restricted Subsidiary for the property sold (as determined in good
faith by the Company communicated in writing to the Trustee); and (3) the
Issuer, the Company or a Restricted Subsidiary, within 365 days after the
completion of the Sale and Lease-back Transaction, applies, or enters into a
definitive agreement to apply within such 365-day period, an amount equal to the
net proceeds of such Sale and Lease-back Transaction (x) to the redemption,
repayment or retirement of (a) Securities of any Series under the Indenture
(including the cancellation by the Trustee of any Securities of any Series
delivered by the Issuer to the Trustee), (b) Indebtedness of the Issuer that
ranks equally with the Notes or (c) Indebtedness of any Guarantor that ranks
equally with the Guarantee of such Guarantor, and/or (y) to the purchase by the
Issuer, the Company or any Restricted Subsidiary of property used in their
respective trade or businesses.

                  This Section 4.09 will not apply to a Sale and Lease-back
Transaction that relates to a sale of a property that occurs within 180 days
from the later of (x) the date of acquisition of the property by the Issuer, the
Company or a Restricted Subsidiary, (y) the date of the completion of
construction of that property or (z) the date of commencement of full operations
on that property. In addition, the Issuer and the Guarantors may, without
complying with the above restrictions, enter into a Sale and Lease-back
Transaction if immediately thereafter the sum of (1) the aggregate principal
amount of all Secured Debt outstanding (excluding Secured Debt permitted under
clauses (1) through (5) described in Section 4.08 "Restrictions on Secured Debt"
and any Secured Debt in relation to which the Notes have been equally and
ratably secured) and (2) all Attributable Debt in respect of Sale and Lease-back
Transactions (excluding Attributable Debt in respect of Sale and Lease-back
Transactions as to which the provisions of clauses (1) through (3) of this
Section 4.09 have been complied with) as of the date of determination would not
exceed 20% of Consolidated Net Tangible Assets.

                  PARAGRAPH 12. Except as otherwise indicated, each reference
herein to a "Paragraph" shall refer to a Paragraph hereof, and each reference
herein to a "Section" shall refer to a Section of the Indenture.

                                      -7-


                                   SCHEDULE I
                                   ----------

J.P. Morgan Securities Inc.
Wachovia Capital Markets, LLC
BNP Paribas Securities Corp.
Calyon Securities Inc.
Comerica Securities, Inc.
Daiwa Securities America Inc.
Mizuho International plc
Greenwich Capital Markets, Inc.
SunTrust Capital Markets, Inc.



















                                      -8-