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� is <br /> including the date of delivery. In the event that all ox any of the <br /> bonds herein authorized are sold to a purchaser at a lesser rate of <br /> interest than the naximum rate her�iA authorized, then the resolution <br /> to be adopted by the Council awarding the contract for the sale of <br /> said bonds to such purcha�er shall also provide for the abatement from <br /> the taxes herein levied of that amount representing the savings 3n <br /> intere�t costs resulting fraan a sale of such bonds at a lower rate of <br /> interest. Such resolution to be adopted �hall also fix and determine <br /> the interest rate s and designate the name of the bank in the State of <br /> Illinois v�ereat principal of and interest on the bonds herein author- <br /> ized shall be payable, and shall further authorize and direct the pre- <br /> paration of such bonds and their e xecuti aa and delivery to such pur- <br /> chaser. <br /> Thereafter the bonds shall be duly delivered to such pur- <br /> chaser upan receipt of the purchase price therefore, and simultaneously <br /> with such delivery the City Treasurer shall withdraw from such sale <br /> proceeds an amount �ich, together with the accrued interest received, <br /> will be sufficient ta pay th e interest becoming due on said bonds on <br /> January 1, 1976, which amount shall be deposited in escrow with the bank <br /> designated as the paying agent for these bonds under the terms of an <br /> agreement Hdiich will provide that such amount so deposited is to provide <br /> funds for the prompt payment of interest coupons numbered oue and re- <br />