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certified by <br />Trustee, the <br />Reserve Fund <br />of Bonds, or <br />Trustee agree <br />Authority. <br />the Secretary-Treasurer and delivered to the <br />Trustee may remove funds from the Operation and <br />and the Sinking Fund to be used for the redemption <br />for the purchase of Bonds if the Authority and <br />that purchase of Bonds would be .advantageous to the <br />Sec. 3.08. A pledge of all moneys paid or deposited <br />into the Sinking Fund, and of all rentals paid pursuant to the <br />Lease other than pursuant to Section 3(b) thereof, is hereby <br />made, and the same are hereby pledged to the Trustee to secure <br />the payment of the principal and redemption price of and interest <br />on the Bonds, all to the extent herein provided. The rentals so <br />pledged and hereafter received by the Trustee or Authority, shall <br />immediately be subject to the lien of such pledge without ,any <br />physical delivery thereof or further act; and the lien of such <br />pledge shall be valid and binding as against. all. parties having <br />claims of any kind in tort, contract or otherwise against the <br />Authority, irrespective of whether such parties have notice <br />thereof. <br />ARTICLE IV. <br />Redemption of Bonds <br />Sec. 4.01. The Authority shall have the right,- at its <br />option, to redeem, according to the procedure hereinafter <br />provided, all or any part of the Bonds secured by this Agreement <br />maturing on or after February 1, 1999, in whole multiples of <br />$5,000, in inverse order of maturities and by lot within <br />maturities, on any date not earlier than February 1, 1998, at <br />face value plus interest accrued to the date fixed for redemption <br />and without premium. <br />Sec. 4.02. To evidence its intention to exercise the <br />right of redemption, the Authority shall, not less than forty- <br />five (45) days prior to the .date selected for redemption, file <br />with the Trustee written notice of its intention to redeem, <br />designating the date fixed for redemption, and if less than all <br />of the outstanding Bonds are to be redeemed stating the aggregate <br />principal amount of Bonds which-.the Authority desires to redeem. <br />If less than all of the outstanding Bonds are to be redeemed, <br />then. the. Bonds shall be redeemed in inverse order of maturity and <br />by lot within maturities, and the Authority shall notify the <br />Trustee in writing of the Bonds to be redeemed. No failure or <br />defect in such notice by the Authority to the Trustee shall <br />affect the validity of the redemption of any Bonds. <br />Sec. 4.03. Official notice of such redemption shall be <br />mailed by the Trustee to the registered owners of all Bonds to be <br />redeemed, not less than thirty (30) days prior to the date fixed <br />for redemption. Said official notice shall be dated and shall, <br />with substantial accuracy: <br />• <br />-16- <br />