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shall not be obligated to make any further payments into said Bond
Fund after enough bonds have been paid or retired so that the
amount then held in said fund, including the reserve for contin-
gencies, equals the amount of principal and interest that will be
payable at the time of their maturity on all bonds then remaining
outstanding.

There shall be set aside from the gross income and revenues of
said buildings such fixed amount thereof as will be sufficient to
pay the interest upon and principal of the bonds hereby authorized,
and it is hereby determined that the amount to be so set aside into
the said fund in addition to the reserve for contingencies, shall
be in each year, a sum sufficient to meet the principal installment
and interest due in such year.

The amount by which the payment in any fiscal year exceeds
the aggregate amount of interest on and principal of said bonds
becoming due in such year shall be held in said Bond Fund as a
reserve for contingencies and used solely as herein provided.

Section 5. Nothing contained in Section 4 of this resolution
shall prevent the monthly payment of funds required to be paid into
the Bond Fund from being paid quarterly; provided,however, that
the funds so paid quarterly shall equal an amount sufficient to
pay the principal and interest of the outstanding bonds and to
create the reserve for contingencies in the same manner as if the
funds had been paid into said Bond Fund monthly as hereinbefore
required.

Section 6. After making all payments into the Bond Fund
as hereinabove provided, the remainder of said gross revenues
shall be applied to (a) the payment of the reasonable current
expenses of operation and maintenance of said buildings, and (b)
to the creation of a reasonable depreciation fund therefor.

Section 7. The Treasurer of the State of North Carolina
shall be the custodian of the Bond and Interest Redemption Fund
provided for in Section 4 of this resolution.