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VIOW -23- the principal of and interest on which are unconditionally guaranteed by, the United States Government, or certificates of deposit of banks that are members of the Federal Deposit r Insurance Corporation 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 moneys held for the credit of the particular fund will be required for the purposes intended. (d) Obligations so purchased as an investment of moneys in any such fund shall be deemed at all times to be a part of such fund and the interest accruing thereon and any profit realized from such investment shall be credited to such fund, and any loss resulting from such investment shall be charged to such fund; except that amounts held in the debt service reserve in excess of the required level thereof may to the extent of any such excess be transferred from time to time out of the debt service reserve into the Water and Sewer Fund. Section 15. In the event the office of Mayor, City Clerk, City Treasurer, Manager of the System, Utilities Commission or City Council shall be abolished, or any two or more of such offices shall be merged or consolidated, or in the event the duties of a particular office shall be transferred to another office or officer, or in the event of a vacancy in any such office by reason of death, resignation, removal from office or otherwise, or in the event any such officer shall become incapable of performing the duties of his office by reason of sickness, absence from the City or otherwise, all powers conferred and all obligations and duties imposed upon such office or officer shall be performed by the office or officer succeeding to the principal functions thereof, or by the office or officer upon whom such powers, obligations and duties shall be imposed by law.