Prior to or at the time of delivery of the Series 0
Bonds, the Chairman of the Board and/or the chief financial officer
of the University shall execute the appropriate certifications with
reference to the matters referred to above, setting out all known
and contemplated facts concerning such anticipated construction,
expenditures and investments, including the execution of necessary
and/or desirable certifications of the type contemplated by appli-
cable Treasury Regulations in order to assure that interest on the
Bonds will be exempt from all federal income taxes and that the
Series 0 Bonds will not be treated as arbitrage bonds.

               ARTICLE XV - MISCELLANEOUS PROVISIONS

          Section 1501. Nonpresentment of Series 0 Bonds for
Payment. In the event that any Series 0 Bond issued hereunder
shall not be presented for payment when the principal thereof
becomes due, either at maturity or otherwise, or at the date fixed
for the redemption or prepayment of some or all of the principal
thereof, as hereinbefore provided (the Board having deposited with
the Trustee funds sufficient to pay such Series 0 Bonds, together
with all interest due thereon to the date of the maturity of such
Series 0 Bonds or to the date fixed for redemption thereof) then
and in every such case, interest on said Series 0 Bond and all
liability of the Board to the owner of said Series 0 Bond for the
payment of the principal thereof and interest thereon, shall
forthwith cease, determine and be completely discharged, and
thereupon it shall be the duty of the Trustee to hold the funds so
deposited in trust for the benefit of the owner of such Series 0
Bond, who shall thereafter be restricted exclusively to said funds
for any claim of whatsoever nature on the part of such owner under
this Supplemental Indenture or in said Series 0 Bond.

          Section 1502. Covenants and Provisions Binding Upon
Successors and Assigns.    Whenever in this Supplemental    Indenture
any of the parties hereto is referred to, such reference shall be
deemed to include the successors and assigns of such party, and all
the covenants, promises and agreements in this Supplemental Inden-
ture contained by or on behalf of the Board, or by or on behalf of
the Trustee, shall bind and inure to the benefit of the respective
successors and assigns of such parties, whether so expressed or
not.

           Section 1503. Covenants Contained Hereto Inure Only To
the Parties Hereto, Their Successors and Assigns and the Owners Of
the Bonds. Nothing in this Supplemental Indenture, expressed or
implied, is intended or shall be construed to confer upon or give
to any person or corporation, other than the parties hereto and the
holders and owners of the Bonds and of coupons, if any, any right,
remedy or claim under or by reason of this Supplemental Indenture,
or any covenant, condition or stipulation hereof, and all the
covenants, stipulations, promises, agreements arnd conditions in
this Supplemental Indenture contained, by or on behalf of the
Board, shall be for the sole and exclusive benefit of the parties



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