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• installment of such special revenue obligations is hereby designated as the "Refunding and Improvement Revenue Bonds, Series 1985"."; H. The first paragraph of Section 7 is amended to read as follows: "SECTION 7. DESCRIPTION OF BONDS. The Bonds authorized hereunder may be issued, from time to time, in one or more installments; each installment shall be dated as of a date to be fixed by subsequent resolution of the Issuer, but not later than the date of issuance. The Bonds shall be issued in such denominations, shall bear interest at not exceeding the maximum rate authorized by applicable law, payable at such times, and shall mature on such dates and in such years and in such amounts, all as are fixed by subsequent resolution of the Issuer adopted at or prior to the sale of the Bonds."; and I. SECTION 17B(8) is amended by adding the following immediately following the second grammatical paragraph thereof: "If the market value of securities and other assets in the Reserve Account, including any subaccounts thereof, exceeds the Maximum Debt Service Requirement on the Bonds, the yield on such excess shall be restricted to a yield that complies with Section 1.013-13(6)(5) of the Regulations promulgated under Section 103(b)(20) and Section 148 of the Internal Revenue Code of 1986, as amended.". SECTION 16. Incorporation of Master Bond Resolution By Reference. Except to the extent in conflict herewith, the provisions of the Master Bond Resolution are hereby incorporated herein by reference and made a part hereof as if fully set forth herein. SECTION 17. Severability of Invalid Provisions. If any one or more of the covenants, agreements or provisions herein contained shall be held contrary to any express provision of law; the policy of express law, though not expressly prohibited; public policy; or for any other reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remaining covenants, agreements or provisions and shall in no way affect the validity of any of the other provisions hereof or of the Series 1987 Bonds issued hereunder. - 10 -