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-22 - by a certificate signed by the person occupying the top managerial position of the System and by the consulting engineers, which certificate shall state, among other things, the date of the completion and that all obligations payable from the Construction Fund have been discharged. A copy of the certificate shall be filed witij the Trustee, and any remaining balance in the Construction Fund shall be transferred to the Bond Fund. Section 14. (a) Moneys held for the credit of the Bond Fund or for the credit of the debt service reserve in the Bond Fund shall be continuously invested and reinvested pursuant to the direction of the City in direct obligations of, or obliga- tions the principal of and interest on which are unconditionally guaranteed by, the United States Government, or bank certificates of deposit (which certificates of deposit must be fully secured by direct or fully guaranteed obligations of the United States Government) which shall mature, or which shall be subject to redemption by the holder thereof, at the option of such holder, not later than ten (10) years after the date of such investment. (b) Moneys held for the credit of the Construction Fund may, at the option of the City, be invested and reinvested pursuant to the direction of the City in direct obligations of, or obliga- tions the principal of and interest on which are unconditionally guaranteed by, the United States Government, or bank certificates of deposit which shall mature, or which shall be subject to redemption by the holder thereof, at the option of such holder, not later than the date or dates when the money held for the credit of the particular fund will be required for the purposes intended. (c) Moneys held for the credit of any other fund may, at the option of the City, be invested and reinvested pursuant to the direction of the City in direct obligations of, or obligations I