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. the endorsement of partial redemption shall or shall not have been made upon the reverse of the Bond by the registered owner and irrespective of any error or omission in the endorsement. F. Effect of Redemption. Notice of redemption having been duly given as provided above, and moneys for payment of the principal of, premium, if any, and interest payable upon redemption of the Bonds being set aside as provided above, the Bonds, or parts thereof, called fòr redemption shall, on the redemption date, become due and payable at the redemption price specified in the notice. Interest on the Bònds, or parts thereof, as the case may be, called for redemption shall cease to accrue. The Bonds, or parts thereof redeemed, shall cease to be entitled to any lien, benefit or security under this Resolution, and the Owners of the Bonds shall have no rights except to receive payment of the redemption price, and, in the case of partial redemption of Bonds, also to receive a new Bond or Bonds for the unredeemed balance as provided above. . G. Purchase of Bonds. In lieu of redemption or otherwise, the Fiscal Agent, on behalf of the Agency, is hereby authorized to purchase Bonds on the open market at any time at a price not to exceed the principal amount of the Bonds plus the applicable premium and accrued interest, if any, to the date of purchase plus brokerage fees, if any. Section 12. Funds. There is hereby created with the Treasurer a special trust fund called the "South Main Street Redevelopment Project Redevelopment Fund" (hereinafter sometimes called the "Redevelopment Fund"). There is hereby created with the Fiscal Agent a special trust fund called the "South Main Street Redevelopment Project Special Fund" with special trust accounts contained therein known as the "Interest Account", "Principal Account", and the "Reserve Account." So long as any of the Bonds, or any interest on them, remain unpaid, the moneys in the foregoing Funds shal1 be used for no purposes other than those required or permitted by this Resolution a~d the Law. Section 13. Sale of Bonds; Disposition of Bond Proceeds; Redevelopment Fund. The Agency may provide by resolution for the sale of the Bonds in the manner provided by the Law. . A. Upon the delivery of the Bonds to the purchasers, the Fiscal Agent, on behalf of the Agency, shall receive the proceeds from the sale of the Bonds, and shall dispose of the proceeds and moneys as follows: (1) Deposit in the Interest Account accrued interest and premium, if any, paid by the purchasers of the Bonds; 0715p/2281/04 -11-