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(7) In the event any of the Bonds or portions thereof {which shall be $1,000 or any integral multiple thereof) are called for redemption as aforesaid, notice thereof identi- fying the Bonds or portions thereof to be redeemed will be given by Trustee by mailing a copy of such redemption notice by registered or certified mail at least ten (10) days prior to the date fixed for redemption to the registered owner of each Bond to be redeemed at the address shown on the regis- tration books; provided, however, that failure to give such notice by mailing, or any defect therein, shall not affect the validity of any proceeding for the redemption of any Bond with respect to which no such failure has occurred. All Bonds so called for redemption will cease to bear interest after the specified redemption date provided funds for their redemption are on deposit at the place of payment at that time. (8) The Bonds are issued pursuant to and in full compliance with the Constitution and laws of the State of Nebraska, particularly Section 2 of Article XIII of the Nebraska Constitution and the Nebraska Industrial Development Act, Chaopter 18, Article 16, Nebraska Reissue Revised Stat- utes, 1943, as amended (the "Act"), and by appropriate action duly taken by the Board of Supervisors of Issuer which authorizes the execution and delivery of the Agreement and the Indenture. (9) TEiE BONDS SHALL BE LIMITED OBLIGATIONS OF THE ISSUER. THE BONDS SHALL NOT CONSTITUTE NOR GIVE RISE TO A PECUNIARY LIABILITY OF THE ISSUER OR A CHARGE AGAINST THE ISSUER'S GENERAL CREDIT OR TAXING POWERS. Neither the faith and credit nor the taxing power of the State of Nebraska, or any political subdivision thereof, is pledged to the payment of the principal of the Bonds or the interest thereon or other costs incidental thereto. Rental payments sufficient far the prompt payment, when due, of the principal of and premium, if any, and interest on the Bonds are to be paid to Trustee for the account of issuer and deposited in a special account created by Issuer and designated "The County of Hall, Nebraska Industrial Development Revenue Bond Fund, Diamond Plastics Corporation Project," and such rental payments have been duly pledged and assigned for that purpose, and in addi- tion, the rights of Issuer (other than certain indemnifica- tion rights and the payment of certain expenses of Issuer related to the Project) under the Agreement have been assigned to Trustee to secure payment of such principal and premium, if any, and interest under the indenture. -5- l~