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invest—nt_sx shall nt,t t -e r0nPtr13Pd t_n creat_- arty separate security, <br />benefit. cr i;rinrit_y of claim l:�tweer. Series ,,f the bonds, but i• to <br />be observed for the sol(- putpc.se of astsxi!ttin7 the Aut.hrity and life <br />Trustee in matching the teceipts in respect_ of each :Pries Of the <br />Bonds with the pay--.nts and r -s de^}%t.i:ms nt suc-h Ser.e.s of W t; <br />General <br />T};e }34,nci together with int.erert thereon, are- not genera} r <br />molal obligations of the Authority and do not constitute an <br />obligation, either general or special, of the State or any <br />yl of the <br />Local Authorities (other than the Authority) or any po <br />subdivision thereof, but are special limited otsligations of the <br />Authority payable solely and only from the Pledged Revenues, as <br />provided herein. such moneys are pledged and assigned as security <br />for the payment of the Bonds and shall he used for no other purr.•)se <br />interest and premium, if any, on th <br />than to pay the principal of, e <br />Bonds, except a:: t, the Series A <br />may be otherwise expressly aut}rorized in t}t" <br />Indenture, the series A origination, AgreEemen <br />servicing Agreement and the Series A Program A dminisLration <br />Agreement. The Bends shall in no event he payable from the general <br />revenues of the Authority or the Local Authorities and shall not <br />constitute a deb:, liability, general or rrroral obligation or a <br />pledge of the faith or loan of credit of any of the Local <br />Authorities, the state or any political subdivision thereof within <br />the meaning of arty constitutional ox- statutory provisions;. Neither <br />the Local Authorities, the state nor any political tubdi,rision <br />thereof nor any Participant shall be l i abei tZ r{ut ofr anyirfunds <br />e=vent shall such Bonds or obligations be p: y <br />or properties other than those of the Authority, and then only to <br />t_he extent provided in the Indenture. Neither t}re faith and credit <br />nor the revenues or taxing power of the Iocal Authorities, the <br />State or any political subdivision thereof, is fledged to the <br />payment of the principal_ of thf. Rondo Or the interest thereon or <br />other costs incident thereto. The Bonds are not a debt of the <br />United Staten of America or any agency thereof, or of M or Fannie <br />q,ae, and are not guaranteed },y the full faith and credit of the <br />1711it4-d Stat':; of America. TLe Authority has no taxing Power. <br />Th- r*mediP5 available to the owners of the Bonds, upott the <br />„,.< ux x Brace of an Event of Default under the Indenture or other <br />d<,c>a to d cril3ed h rain, are in nasty respects dspendeat upon <br />udiriai n and <br />set.ions which are ottesr eabjict tom l Bd=i ms oto <br />delay e•,.* ' pp, , ;v ,,v. As9l�li�"! t(= AND <br />Et eke' hviaift. <br />OunttN" re <br />4*e But bus : , ; w , 9 9 rreP►ise e+tii Mart teipont . as a Cellidtt ton to <br />pan icipst&M to t&W sqram with respect to on 9ortse A fonds, to <br />pay to CAW AKAOcity . oa=tit:srrsrt MM in COMMONas rytb Its tan <br />fog <br />to ori�JsMt.e is M axe WOM Mws1 to i . MN of it COMMON <br />eta ' het at <br />Wt or <br />to 6"SA s Mecs*�&� ries as Mss �l <br />its q0ft"We"tun" al l cess few to too � bSMI w wsita /+ad ow <br />so <br />WK r+e+twwlarie •� <br />as <br />