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—A"ICLI VII <br />MONIMP hold for the credit of the Can. <br />struction Fund $ball to tete extent practicable be Invested *ad V*40 <br />Lav*st*d by the T"WtOO in 4LVMt Obli&ationg of, or Obl4WtIovm the <br />printips, I and Later" t an which are arantood bys the united State* <br />which <br />he'" Maturity dot Os$ or are subject to redemption <br />by the holdorit at the Option Of the holder, an or pr1w to the date# <br />the hinds will be WW"d as set forth In a eanstrugtion timetable <br />executed by the City and whitewR0d&*rs. <br />(b) "amys held for dw credit Of MW at f=W shall to <br />the extent PrOctIcablo be Lomested and Tolftvoot*4 by the "posltwy <br />In direct obligatimm of, or obl4ptions tb& PLOLS41pal of o intorost <br />on Witah are guaranteed byl, the Wted State# GOVOrUM10to Alth $hall <br />Mature# Or which <br />0411 be subject to redamption <br />by dw holder <br />thoroOf, <br />at the OPtLon Of <br />the h9ld*vw 00t later than the <br />date or 4atox <br />whea <br />the wormy hold for the credit of the particular fund will be required <br />for <br />the purposes With <br />reprd to the <br />r*sorv* in the land <br />FW%d <br />and the "SqU10"St ""Mt - <br />WbIt"b"SOVS <br />ft*j**t" as definod <br />In Article X11 of tbo Whit&-Ao4&S" Lmmo afire t, I the Trus tee <br />.1" <br />#hall IM*at W*MSYS dWe" ift qW*0r44WM With the ditOctiorm of <br />the City and WhIto-waodgers. <br />(C) obllsatims so " AU IMMStWMt Of WVA*yg <br />in &W such food dk*II be deemed at *11 times a part of such funds <br />and the Interest aftruift theroon and mW profit realised, frou such <br />imrostnents shell be crod1tod to amb funds and say less resulting <br />from such Investment shall be charged to such fuad* <br />