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Section 39. That Section 506 of the Bond Resolution be and the same is hereby amended by substituting for the words "the College" where they appear in said Section the words "The University of North Carolina at Greensboro".

Section 40. That Section 602 of the Bond Resolution be and the same is hereby amended to read as follows:

"Section 602. Moneys held for the credit of the Sinking Fund and moneys held for the credit of the Maintenance Reserve Fund may be invested by the Board in direct obligations of, or obligations the principal of and the interest on which are unconditionally guaranteed by, the United States Government which shall mature, or which shall be subject to redemption by the holder thereof at the option of such holder, not later than eighteen (18) months after the date of such investment. In the event that the moneys held for the credit of the Construction Fund shall at any time exceed the disbursements to be made therefrom on account of the Project during the next ensuing ninety (90) days as estimated by the Business Manager of The University of North Carolina at Greensboro, such excess may be deposited by the Board in time deposits in banks which are members of the Federal Deposit Insurance Corporation or may be invested by the Board in direct obligations of, or obligations the principal of and the interest on which are guaranteed by, the United States Government which shall mature not later than eighteen (18) months after the date of such investment and which shall be subject to redemption at any time by the holder thereof at the option of such holder. Obligations so purchased and time deposits so made shall be deemed at all times to be a part of such Fund and such obligations shall be valued in terms of current market value as of June 30 and December 31 of each year. The interest accruing thereon and any profit realized from such investment shall be credited to such Fund and any loss resulting from such investment shall be charged to such Fund. The Board shall sell at the best price obtainable or present for payment or redemption any obligations so acquired whenever it shall be necessary so to do in order to provide moneys to meet any payment from such Fund. Neither the Board nor any member of the Board shall be liable or responsible for any loss resulting from any such investment."