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Section 18. That the designation and date of the bond set forth in the Form of Coupons in Section 207 of the Bond Resolution be and the same are hereby amended to read "University of North Carolina Student Apartment Revenue Bond of 1962, Series................, dated as of September 1, 1962."

Section 19. That the first paragraph of Section 301 of the Bond Resolution be and the same is hereby amended to read as follows:

"Section 301. Definitive coupon Series A bonds numbered 786 to 1,000, inclusive, maturing September 1, 1998 to September 1, 2002, inclusive, may be redeemed on any interest payment date prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, without the payment of any redemption premium. Subject to the prior redemption of such bonds, definitive coupon Series A bonds numbered 119 to 785, inclusive, maturing September 1, 1973 to September 1, 1997, inclusive, maybe redeemed prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, on any interest payment date after September 1, 1972, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to September 1, 1977, 2 1/2% if redeemed thereafter and on or prior to September 1, 1982, 2% if redeemed thereafter and on or prior to September 1, 1987, 1 1/2% if redeemed thereafter and on or prior to September 1, 1992, and 1% if redeemed thereafter. Definitive coupon Series A bonds numbered 1 to 118, inclusive, maturing September 1, 1965 to September 1, 1972, inclusive, shall not be subject to redemption. Notwithstanding any of the foregoing provisions of this Section, if the United States of America or any agency thereof holds any of such bonds, all such bonds so held may be redeemed in the inverse order of their numbers on any interest payment date prior to their respective maturities and without the payment of any redemption premium."

Section 20. That the second paragraph of Section 301 of the Bond Resolution be and the same is hereby amended to read as follows:

"Definitive coupon Series B bonds numbered 1, 533 to 1,942, inclusive, maturing September 1, 1994 to September 1, 1998, inclusive, may be redeemed on any interest payment date prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, without the payment of any redemption premium. Subject to the prior redemption of such bonds, definitive coupons Series B bonds numbered 198 to 1, 532, inclusive, maturing September 1, 1969 to September 1, 1993, inclusive, may be redeemed prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, on any interest payment date after September 1, 1968, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to September 1, 1973, 2 1/2% if redeemed thereafter and on or

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