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(b) If the principal of all the bonds shall have become due and payable, all such moneys shall be applied to the payment of the principal and interest then due and unpaid upon the bonds without preference or priority of principal over interest or of interest over principal, or of any instalment of interest over any other instalment of interest, or of any bond over any other bond, ratably, according to the amounts due respectively for principal and interest, to the persons entitled thereto without any discrimination or preference except as to any difference in the respective rates of interest specified in the bonds.

The provisions of paragraphs (a) and (b) of this Section are in all respects subject to the provisions of Section 801 of this Article.

Section 805. In case any proceeding taken by any bondholder on account of any default shall have been discontinued or abandoned for any reason, then and in every such case the Board and the bondholers shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the bondholders shall continue as though no such proceeding had been taken.

Section 806. No holder of any of the bonds shall have any right in any manner whatever to affect, disturb or prejudice the security provided by this Resolution, or to enforce any right hereunder except in the manner herein provided, and all proceedings at law or in equity shall be instituted, had and maintained for the equal benefit of all bondholders.

Section 807. No remedy herein conferred upon or reserved to the bondholers is intended to be exclusive of any other remedy or remedies and each and every remedy conferred shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute.

Section 808. No delay or omission of any bondholder to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or any acquiescence therein; and every power and remedy given by this Article to the bondholders may be exercised from time to time and as often as may be deemed expedient.

ARTICLE IX.

Supplemental Resolutions .

Section 901. The Board or the Executive Committee may, from time to time and at any time adopt such resolutions supplemental hereto as shall not be inconsistent with the terms and provisions hereof and shall not adversely affect the interests of the bondholders (all such resolutions supplemental to this Resolution shall thereafter form a part hereof):

(a) to cure any ambiguity or formal defect or omission or to correct any inconsistent provisions in this Resolution or in any supplemental resolution forming a part hereof, or

(b) to grant to or confer upon the bondholders any additional rights, remedies, powers, authority or security that may lawfully be granted to or conferred upon the bondholders, or

(c) to add to the conditions, limitations and restrictions on the issuance of bonds under the provisions of this Resolution other conditions, limitations and restrictions theeafter to be observed, or

(d) to add to the covenants and agreements of the Board in this Resolution other covenants and agreements thereafter to be observed by the Board or to surrender any right or power herein reserved to or conferred upon the Board.