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C72 ARTICLE VI CUSTODY AND APPLICATION OF' PROCEEDS OF BONDS Section 601. Accrued interest and the proceeds of the sale of each series of bonds (the "total sale proceeds") shall be disbursed and handled as follows: (a) The Trustee shall take out of the total sale proceeds the amount necessary to pay interest,if any, becoming due and payable onthe bonds during the construction period as shall be specified in a letter of instructions signed by the Mayor of the City and delivered to the Trustee at the time, it being understood that the Trustee need look no furtherthan said letter of instructions and may rely thereon and shall be protected by acting in accordance therewith, and shall deposit said amount into the Bond Fund; and (b) The balance of the total sale proceeds shall be deposited in a special account of the City in the Trustee, which account shall be designated "Industrial Development Bond Construction Fund = Westport Pro- ject" (the "Construction Fund") . Section 602. Moneys in the Construction Fund shall be ex- pended for Project costs and costs and expenses incidental thereto and to the issuance of the bonds, under and pursuant to applicable provisions of the Lease Agreement . Such expenditures shall be in accordance with and pursuant to requisitions which shall be signed by one or more duly designate(! representatives of Westport (whish designation shall be in writing and filed with the Trustee) and one or more duly designated representative of the City (which desicinaLion shall be in and filed `,vith tho TIUst�J). E,cl, requisition shall specify: (1) The name of the person, firm or corporation to whcr_i payment is to be (2) The amount of the payment;