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<br />. <br /> <br />. . <br /> <br />. <br /> <br />/',.. - --.. . <br /> <br />......,', <br />r. i <br /> <br />8~~d bond~ at n price, exclusive of accrued intereet, not e~eeed. <br /> <br />int3 the' principal attJ.oU;.~t thereof; O~ to redeem said 'bo1),de in <br /> <br /> <br />accordance with the redemption prOVision contained Sn 3eotion <br /> <br />III of thin ordinanoe. The moneys po.14 into the .Jor:.d f.'tWA 81n11 <br /> <br /> <br />'be d$pos~.ted in a bl"'..nk or bsnl(;s and ttba.ll be oont,i.ntl.~'iT-91:r ceeu~ea <br /> <br /> <br />'t~, a ml:::.d pltX1ae to the City or: d1.reet ob11~t1ono or the VJnitcd <br /> <br /> <br />8tatelJ of A~Gr'lcaJt l'1ev.1nc; an ecr.,.egate market values EJ:%:cluB1vo <br /> <br /> <br />of eecru.od intel't'sts ~t 011 times c.t lea~t equnl to ouch. Bond <br /> <br />-_.~-... <br />/' . <br /> <br />Fl'nd. T,w Sand Ftmd, lI.t thE) opt 1 em. of' the City. ::!t.I~7 bo invectcd <br /> <br /> <br />~:.:. ell~h direct oblizat1on~ of tho United 8te.telJ of ~~.r.::()ricc. l'!.Rld <br /> <br /> <br />depoSited in .aGoraw under an eacrO\1 egraoemellt. !f ;1uoh f'undo Rre <br /> <br />e <br /> <br />B() 1nve~t(.-d end depoe1ted in escrou Jl t!10 C~.t~T c:;,1'11!. hG1i'c t:.1Ei r$;.:ilt <br /> <br />to aeve ::'fold tAwo\'l..r~b tAG OSCI'Ot.v' acont on the or.c~J. ::}'1:,1!(}t c <br /> <br />tr~floie'r:.t p,mount of saie ceeur1tiQs in order t~ ncot its obl::'(0.- <br /> <br />tl0Z'l1! 0:" princi:r.e.l and Ultt:'reat :l..~ evoo.t it doe:" ;.~ct hr:-.vo o'Gfl'i- <br /> <br />c:l~t funds, uninvosted, OIl. r..snd tor such pUl"po!:{j. Under snob <br /> <br />6!rOUl:l1nt~(m6ee, ~le ,}hyo~ 10 horeby au.thorized.. cl'dorcd f:'nd <br /> <br /> <br />d.t1)eatEit! 'to c1VEJ tift~en dt\yr.l noti\'l19 to ~t!Ch eJ~~:;::Ci\j' ('.~~cnt of <br /> <br /> <br />. toe necossltw to sell acid seeUl~:lt1es on tbe open rr~r~ot. Aftc~ <br /> <br /> <br />SUC~l f;'la:2.e, the moaeyr:.1 resulting therefrom shall 'ba-10!!3 to t~la <br /> <br />Bond F\ll'ld s~..d ehe.ll l)e ~.w.1]n.blE) to pey ouch obl;:ef.1.t:lone of <br /> <br />--..... <br /> <br />principal end .1.nterOGt. <br /> <br />(2) ~~~lu.t3 c An:y funds remaining 1.n th.e Sygtem Puncl'l) <br /> <br /> <br />after r,roviS1on for the reaeolb~blo coat of opell!.l.t~.n8 nna ~:1.n- <br /> <br /> <br />ts~n1n.E; tb$ System. and B,fter 1)Oy1n~ tl".e amount~ :noqu1reCl to be <br /> <br /> <br />p!\:td 11'~'to tho Bond Fund, an above provided, rn.."\y 'b~; u~od by the <br /> <br />City :t1tlr the pUr'c.be..~E) of said bonds t\t not exeeed:t'nB the princip:11 <br /> <br /> <br />amount t!:l&~eot (exclusive or a.ccrUed interest) or for redeec.inG <br /> <br />aa1d bond$ in aocordance with the redemption prov1nlon contained <br /> <br /> <br />in Section .111 of this ordinance,. or for any other puruooe po~- <br /> <br /> <br />witted l;:.y lav. <br /> <br />~ . ADDITIONAL BOJ1P~ l Epettt"19rance 8!ld. ~al~. Hhile aD;'}' <br /> <br /> <br />of' the. \)ends are out 8 tanding , the City 90011 not iesua o'!!il <br /> <br />e <br /> <br />... <br /> <br />- <br />