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% District either at public or private sale, provided that the purchase price shall hot exceed the redemption price. On March 1, 1959, or on any interest payment date thereafter, any amounts in the Redemption Fund shall be used to call for redemption such amount of bonds then subject to redemption as will exhaust the Redemption Fund, provided that redemption shall not be required unless sufficient moneys are in the Fund to redeem at least $50,000 par value principal of bonds. The redemption price shall be 100.5# of the principal amount, plus 1/2 of 1# of such principal amount for each whole twelve months' period, or fraction thereof, from the redemption date to the maturity date, but the redemption price, Including premium, shall not exceed 105# of such principal amount. For further and more complete information as to redemption prior to maturity and the manner and notice thereof, reference is made to the resolution authorizing the issuance of the bonds. Said bonds are general obligations of the District for the payment of which the full faith, credit and resources of the District are pledged. In addition, the resolution of issuance contains various covenants and provisions made for the security and protection of the bondholders, Including covenants relating to operation and maintenance, rates and charges, the use of revenues, the establishment of funds, insurance, records and accounts, audits and the limitations 9.