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the obligations so held by it, and (c) that this Agreement has been. <br />released in accordance with the provisions of this Section. <br />All moneys, and obligations and time certificates of deposit <br />held by the Trustee pursuant. to this Section shall be held in trust <br />and said moneys and the principal and interest of said obligations <br />and time certificates of deposit when received, applied to the <br />payment, when due, of the principal and the interest and the <br />premium, if any, of the Bonds so called for redemption. <br />Sec. 8.02. Any Bond not presented at the proper time and <br />place for payment shall., within the meaning of this Agreement, be <br />deemed to be fully paid when due if the money necessary to <br />discharge the principal amount thereof and all interest then <br />accrued and unpaid thereon (and the premium required in case of <br />redemption before maturity) is held by the Trustee when or before <br />the same become due. The holder of any such Bond shall not be <br />entitled. to any interest thereon after the maturity thereof nor to <br />any interest upon money so held by the Trustee. <br />ARTICLE IX. <br />Concerning theTrustee <br />Sec. 9.01. The Trustee hereby accepts the trusts of this <br />• Agreement upon the following terms and .conditions, to which the <br />parties and the registered holders of said Bonds agree: <br />(a) After completion of construction of the Project, the <br />Trustee shall annually prepare a financial report covering <br />disbursements and receipts of all funds of the Authority held by <br />the Trustee hereunder and shall furnish a copy to the Authority. <br />(b) The Trustee shall be under no obligation to see to any <br />filing or recording of this Agreement or any agreement supplemental <br />hereto, and may authenticate and deliver the Bonds in accordance <br />with the provisions hereof prior to any filing or recording of this <br />Agreement. <br />(c) The Trustee shall be entitled to reasonable compensation <br />for all services rendered in the execution of the trusts hereby <br />created, and may employ agents, attorneys and counsel in the <br />execution of such trusts; and the compensation of the Trustee, as <br />well as the reasonable compensation of its attorneys and counsel <br />and of such persons as it may employ in the administration or <br />management of the trusts hereunder, and all other reasonable <br />expenses necessarily incurred or actually disbursed hereunder, the <br />Authority agrees to pay to the Trustee on demand, and for such <br />payment the Trustee shall have a lien on all funds in the hands of <br />• -34- <br />