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. <br /> � <br /> . � • � <br /> -15- <br /> Markets Group, and Associates , the purchaser thereof, upon receipt <br /> of the purchase price therefor, same to be not less than $10,433 ,950 <br /> plus accrued interest to date of delivery, the contract for the sale <br /> of sa�d bonds to said purchaser, heretofore entered into, be and <br /> the same is hereby in all respects ratified , approved and confirmed. <br /> Thereafter the bonds shall be duly delivered to such ; <br /> purchaser upon receipt of the purchase price therefor and simul- <br /> taneously with such delivery the City Treasurer shall withdraw � <br /> - M <br /> i <br /> from such sale proceeds an amount which, Tncluding the accrued ' <br /> interest received from the purchaser of said Bonds and without j <br /> consideration of any investment income thereon will be sufficient 4 <br /> to pay the interest becoming due on said bonds on January 1, �983 ; <br /> i <br /> and July 1, 1983, which amount shall be deposited in escrow with I <br /> the bank designated as the paying agent for these bonds under � <br /> the terms of an agreement which will provide that such amount <br /> so deposited is to provide funds for the prompt payment of inter- <br /> est coupons numbered one and two and representing interest pay- � <br /> able on the bonds on January 1 , 1983 and July 1, 1983, and which <br /> escrow agreement shall further provide that the amount so deposited <br /> shall be invested in investments permitted by State law and having <br /> such maturities that sufficient f unds will be available for the <br /> prompt payment of said interest coupons numbered one and two. <br /> Any amount remaining in such escrow after the payment of interest , <br /> on such Bonds on July l, 1983, shall be paid to the City Treasurer <br /> i <br /> I <br />