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2A4 ~l~' L1U~J~i1~1 ARTICLE VI. Investment of Funds Seci.ian 601. Moneys Held in Trust. All moneys deposited with the Trustee under the provisions of this Indenture or the Lease shall be held in trust and applied only ir. accordance with the provisions of this Indenture and the Lease and shall not be subject to any lien or attachment by any creditor of the Issuer, the Company or the Sublessee. Section 602. Investment of Construction Fund. Moneys held for the credit ~£ the Construction Fund under the provisions of this Indenture shall be invested and reinvested by the Trustee at the written direction of the Company, and if no direction is received from the Company, as determined by the Trustee, (provided, however, that no major portion of the proceeds derived from the sale of the Bonds shall be used, directly or indirectly, in such manner as to cause any Bond to be an "arbitrage bond" within the meaning of Section 103(c)(2) of the Code) in direct obliga- tions of or obligations guaranteed by the United States of America; obligations issued by any of the following federal agencies: Federal National Mortgage Association which are guaranteed by the Government National Mortgage Association, Bank for Cooperatives, Federal Intermediate Credit Banks, Federal Home Loan Bank System, Federal Land Banks or Federal Farm Credit Banks; direct and general obligations of any state of the United States, or any political subdivision thereof, provided that all the taxable seal property within such political subdivision shall be subject to taxation thereby to pay such obligations and the interest thereon; repurchase agreements with banks (which may include the Trustee) which are members of the Federal Deposit Insurance Corporation, the underlying securities of which are obligations Qescribed above in this Section 602; or, time deposits or negotiable or non -negotiable certificates of deposit issued by any bank, trust company or national banking association which is a member of the Federal Deposit Insurance Corporation, having combined capital stock, surplus and retained earnings aggregating at least an amount actual to the ualue of the combined capital stock surplus and retained earnings of The Overland National Bank of Grand Island, Grand Island, Nebraska, as of the date of such investment, and which obligations hava maturity dates, or are subject to redemption by the holder, at the option of tlae holder, on or prior to the dates the funds invested therein will be needed for the purposes of such funds or account. Obligations so purchased as an investment of moneys shall be held by or under the control of the Trustee and shall be deemed at all times a part of the Construction Fund, and the interest accruing thereon and any profit realized from such investments shall be credited to such fund, and any loss resulting from such investment shall be charged to such fund. In the absence of a direction from the Company, as set forth in Section 603 hereof, the Trustee 47