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and the cost of which, in whole or in part, is paid through the issuance of bonds, other than Series A and Series B bonds, under the Resolution (the Project, 1958 Facilities and Additional Facilities being herein collectively called the "New Housing System"), or (ii) for the right to receive any such services, which will be sufficient, with any other available funds, to pay the cost of maintaining, repairing, and operating the New Housing System, including reserves for such purposes, and to pay, when added to certain increased rentals from other dormitory buildings at the Greensboro campus to the extent provided in the Resolution, the principal of and the interest on the bonds as the same shall become due and to provide reserves therefor. The Resolution provides for the creation of a special fund designated "The University of North Carolina at Greensboro Bond and Interest Sinking Fund Account of 1962" (hereinafter called the "Sinking Fund"), and for the deposit to the credit of the Sinking Fund of a sufficient amount of the revenues of the New Housing System, over and above the cost of such maintenance, repair and operation thereof, and of said certain increased rentals from said other dormitory buildings (such rentals being subject as to each of said other dormitory buildings to the prior payment of the expenses of maintenance, repair and operation thereof to the extent provided in the Resolution) 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.

Series A bonds numbered 715 to 825, inclusive, maturing July 1, 1994, to July 1, 1996, 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, Series A bonds numbered 82 to 714, inclusive, maturing July 1, 1969 to July 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 July 1, 1968, at the principal amount of