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lk `', k <br />Resolution, are, to the extent of such conflict, hereby repealed, <br />and this Resolution shall be in immediate effect from and after its <br />adoption, provided, that no provision hereof shall amend or repeal <br />any provisions of the Prior Resolutions. Upon payment in full of <br />the principal, interest and premium respecting the Bonds or upon <br />defeasance thereof in accord with the terms hereof, all pledges, <br />covenants and other rights granted by this Resolution shall cease. <br />Section 17. Limitation on Amendments. After the <br />issuance of the Bonds authorized by this Resolution and so long as <br />any of said Bonds or interest thereon remains unpaid, except as <br />expressly provided herein, this Resolution shall not be repealed or <br />amended in any respect which will adversely affect the rights of <br />the holders of said Bonds, nor shall the Commission or other body <br />of the City adopt any law, ordinance or resolution which in any way <br />adversely affects the rights of such holders. <br />Adopted at a regular meeting of the Commission held on the <br />1st day of May, 1992. <br />SOUTH B ND REDEVELOPMENT COMMISSION <br />B Y: <br />President <br />T ST: <br />Secretary <br />EXHIBIT LIST: <br />A - Legal Description of the Area <br />B - Description of Refunded Bonds <br />C - Bond Maturity Schedule <br />MCK01486 <br />-27- <br />