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<br />provided, however, that failure to give such notice by <br />mailing, or any defect therein, shall not affect the <br />validity of any proceeding for the redemption of any <br />Bond with respect to which no such failure has <br />occurred. All Bonds so called for redemption will <br />cease to bear interest after the specified redemption <br />date provided funds for their redemption are on <br />deposit at the place of payment at that time. If, <br />because of the temporary or permanent suspension of <br />the publication or general circulation of any <br />newspaper or financial journal or for any other <br />reason, it is impossible or impractical to publish <br />such notice of call for redemption in the manner <br />herein provided, then such publication in lieu thereof <br />as shall be determined by Trustee shall constitute a <br />sufficient publication of notice. <br /> <br />The Series 1981 Bonds are issued pursuant to and <br />in full compliance with the constitution and laws of <br />the State of Indiana, particularly the Indiana Code, <br />Title 18, Article 6, Chapter 4.5 and pursuant to an <br />ordinance adopted by Issuer which ordinance authorizes <br />the execution and delivery of the Agreement and the <br />Indenture. This Series 1981 Bond and the issue of <br />which it forms a part are limited obligations of <br />Issuer and are payable solely out of the revenues and <br />other amounts derived from the Series 1981 Note and <br />the Agreement. Neither the State of Indiana, nor <br />Issuer, nor any political subdivision shall be <br />obligated to pay the principal of the Series 1981 <br />Bonds or the interest thereon or other costs incident <br />thereto except from the revenues and money pledged <br />therefor. Neither the faith and credit nor the taxing <br />power of the State of Indiana or any political <br />subdivision thereof is pledged to the payment of the <br />principal of the Series 1981 Bonds and the interest <br />thereon or other costs incident thereto. Payments <br />sufficient for the prompt payment when due of the <br />principal of, premium, if any, and interest on the <br />Series 1981 Bonds are to be paid to Trustee for the <br />account of Issuer and deposited in a special account <br />created by Issuer and designated "Town of Mooresville, <br />Indiana, Economic Development Revenue Bond Fund <br />(Nice-pak Products, Inc.)", and have been duly pledged <br />and assigned for that purpose, and in addition the <br />rights of Issuer under the Agreement and the Series <br />1981 Notes have been assigned to Trustee to secure <br />payment of such principal, premium, if any, and <br />interest under the Indenture. However, no covenant or <br />agreement contained in the Bonds or the Indenture <br />shall be deemed to be a covenant or agreement of any <br />member of the Commission or of the legislative body of <br />the Issuer or of any officer or employee of the Issuer <br />