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Ir. NWO <br />ID age 23 <br />Section 21. That the moneys in any fund maintained <br />by the City may be invested and roinvsted from time to time in <br />direct or fully guaranteed obligations of the United States of <br />America which shall mature or which shall be subject to redemption <br />at t:` option of the holder, prior to the date upon which the <br />particular funds will be needed for the purpose specified, as <br />shall be determinad by the City. investments of moneys in a <br />particular fund shall be considered at all times a part of that <br />fund and any earnings shall belcredited to the said fund, and any <br />losses shall be charged against the said fund; provided, however, <br />that earnings fro=m the investments of moneys in the debt service <br />res rve which increase the amount therein in excess of the required <br />amount may, to the extent of such excess, be transferred out of the <br />debt service reserve and into the Second Lien Revenue Bond Fund and <br />us, --d as other moneys in the Second Lien Revenue Bond Fund may be <br />used. <br />Sec -ion 22. That when the bonds of this issue have been <br />execu-Led a„d sealed, they shall be delivered to the Trustee, which <br />shad au-henticate the=m and deliver them to the purchaser upon pay- <br />men-. in cash to the Trustee of the purchase price, plus accrued <br />interest to date of delivery (called "total sale proceeds"): <br />The accrued interest shall be deposited in the Second <br />Lien Revenue Bond Funs:, and the balance of the total sale proceeds <br />si:all be remitted to the City Treasurer for deposit in a special <br />account to be designated "Construction Fund” with a depository, <br />designated by the City Council, that is a member of the Federal <br />Deposit insurance Corporation. Moneys in the Construction Fund <br />