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<br />complete the Improvements, provided that the total amount of special <br />assessments and taxes appropriated for payment of the cost of the <br />Improvements shall not be less than the total amount of warrants <br />issued with respect thereto. <br /> <br />Section 12. Discharae. <br /> <br />12.01. When all of the Bonds have been discharged as provided <br />in this paragraph, all pledges, covenants and other rights granted by <br />this resolution shall cease. The Issuer may discharge its <br />obligations with respect to any Bonds which are due on any date by <br />depositing with the paying agent on or before that date a sum <br />sufficient for the payment thereof in full; or if any Bond shall not <br />be paid when due, the same may nevertheless be discharged by <br />depositing with the paying agent a sum sufficient for the payment <br />thereof in full with interest accrued from the due date to the date <br />of such deposit. The Issuer may also discharge its obligations with <br />respect to any prepayable Bonds according to their terms, by <br />depositing with the paying agent on or before that date an amount <br />equal to the principal, interest and redemption premium, if any, <br />which are then due, provided that notice of such redemption has been <br />duly given as provided herein. The Issuer may also at any time <br />discharge its obligations with respect to any Bonds, subject to the <br />provisions of law now or hereafter authorizing and regulating such <br />action, by depositing irrevocably in escrow, with a bank qualified by <br />law as an escrow agent for this purpose, cash or securities which are <br />general obligations of the United States or securities of United <br />States agencies which are authorized by law to be so deposited, <br />bearing interest payable at such times and at such rates and maturing <br />on such dates as shall be required to pay all principal, interest and <br />redemption premium to become due thereon to maturity or said <br />redemption date. <br /> <br />Section 13. Desianation of Bond Reaistrar and Pavina Aaent. <br /> <br />13.01. The Issuer hereby designates Starion Bond Services as <br />Paying Agent and Bond Registrar for the Bonds. <br /> <br />Section 14. Certificate of Proceedinas. <br /> <br />14.01. The officers of the Issuer are hereby authorized and <br />directed to prepare and furnish to said purchaser, and to the <br />attorneys approving the legality of said Bonds, certified copies of <br />such proceedings, ordinances, resolutions and records and all such <br />certificates and affidavits and other instruments as may be required <br />to evidence the legality and marketability of said Bonds, and all <br />certified copies, certificates, affidavits and other instruments so <br />furnished, including any heretofore furnished, shall constitute <br />representations of the Issuer as to the correctness of all facts <br />stated or recited therein. <br /> <br />-6- <br />