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Section 10. That the last sentence of Section 205 of the Bond Resolution be and the same is hereby amended to read as follows:

"The Executive Committee is hereby authorized to provide for the exchange of the Series B bonds for the 1958 bond outstanding in the amount of $1,942,000. "

Section 11. That the bond designation in the bond form in Section 207 of the Bond Resolution be and the same is hereby amended to read as follows:

"UNIVERSITY OF NORTH CAROLINA STUDENT APARTMENT REVENUE BOND OF 1962, SERIES. . . . "

Section 12. That the third paragraph of the bond form in Section 207 of the Bond Resolution be and the same is hereby amended to read as follows:

"This bond is one of a duly authorized issue of $2,942,000 bonds of the Board (herein called the 'bonds'), consisting of $1,000,000 bonds designated 'University of North Carolina Student Apartment Revenue Bonds of 1962, Series A' (hereinafter called the 'Series A bonds'), numbered 1 to 1,000, inclusive, and maturing in annual instalments in the years 1965 to 2002, inclusive, and $1,942,000 bonds designated 'University of North Carolina Student Apartment Revenue Bonds of 1962, Series B' (hereinafter called the 'Series B bonds'), numbered 1 to 1,942, inclusive, and maturing in annual instalments in the years 1963 to 1988, inclusive, issued for the combined purpose of refunding University of North Carolina Student Apartment Revenue Bond, Series 1958, No. T-1 (hereinafter called the '1958 bond'), outstanding in the principal amount of $1,942,000, and, with other available funds, paying the cost of thirteen new apartment buildings, with appurtenant facilities, to house approximately 84 married student families (hereinafter collectively called the 'Project'), at the University of North Carolina (hereinafter called the 'University'), in Chapel Hill, North Carolina."

Section 13. That the first sentence of the fourth paragraph of the bond form in Section 207 of the Bond Resolution be and the same is hereby amended to read as follows:

"All of the bonds are issued under and pursuant to a resolution duly adopted by the Board on February 16, 1962, as amended (said resolution of the Board with all resolutions amendatory thereof or supplemental thereto as therein permitted being herein collectively called the 'Resolution')."

Section 14. That the third sentence of the fifth paragraph of the bond form in Section 207 of the Bond Resolution be and the same is hereby amended to read as follows:

"The Resolution provides for the creation of a special fund designated 'University of North Carolina Student Apartment Revenue Bonds of 1962 Bond and Interest Sinking Fund Account' (hereinafter called the 'Sinking Fund') and for the deposit to the credit of said special fund of a sufficient amount of the revenues of the Project and the 1958 Facilities, over and above the cost of such maintenance, repair and operation thereof, to pay the principal of and the interest on the bonds then outstanding as the same shall become due and to provide a reserve for such purpose, and said special fund is pledged to and charged with the payment of such principal and interest. "

Section 15. That the sixth paragraph of the bond form in Section 207 of the Bond Resolution be and the same is hereby amended to read as follows: