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interest on the Obligations as the same shall become due from the Revenues of the Facilities or reduce the percentage of the holders of the Obligations required to consent to any material modification or amendment hereof without the consent of the holder or holders of all such obligations; provided, however that no such modification or amendment shall allow or permit any acceleration of the payment of principal of or interest on the Obligations upon any default in the payment thereof whether or not the holders of the Obligations consent thereto. SECTION 18. SEVERABILITY OF INVALID PROVISIONS. If any one or more of the covenants, agreements or provisions herein con- tained shall be held contrary to any express provision of law or contrary to the policy of express law, though not expressly pro- hibited, or against public policy, or shall for any reason whatso- ever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remain- ing covenants, agreements or provisions and shall in no way affect the validity of any of the other provisions hereof or of the Obliga- tions or coupons issued hereunder. SECTION 19. SALE OF OBLIGATIONS. The Obligations shall be issued and sold in such manner and at such price or prices con- sistent with the Act, all at one time or in installments from time to time, as shall be hereafter determined by the governing body of the Issuer. SECTION 20. VALIDATION AUTHORIZED. The Attorney for the Issuer is authorized and directed to prepare and file proceedings to validate the Obligations in the manner provided by law. SEC'T'ION 21. REPEALING CLAUSE. All resolutions or parts thereof of the Issuer in conflict with the provisions herein con- tained are, to the extent of such conflict, hereby superseded and repealed. SECTION 22. EFFECTIVE DATE. This resolution shall take effect in the manner provided by law. -33-