5675 AUTHORIZING AND PROVIDING FOR THE ISSUE OF $8,000,000 WATER REVENUE BONDS

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.i �) or holders of the bonds hereby authorized as their interest may ap- pear, and said funds shall be withdrawn from said Depositary from time to time by the Treasurer of the City only upon submission by him to said Depositary of the following: (a) A duplicate copy of the order signed by the Mayor and Clerk, or such other officers that may from time to time be by law authorized to sign and counter- sign orders on the Treasurer of the City, statin� speci- fically to whom and the purpose for which the order is issued and indicating tha.t the payment for which the order is issued has been approved by the Council of said City; and (b) Each withdrawal of funds by the Treasurer for payment to a contractor or contractors for work done in connection with the construction of said pro�ect shall also be a.ccompanied by a certificate executed by the engineers in charge oP the construction of such improve- ments, stating the nature of the work completed and the amount due and payable thereon. Within sixty days after completion of the work in accord- ance with plans and specifications therefor, hereinabove referred to in this ordinance, and after all costs have been paid in connection with the construction thereof, the en�ineers shall certify to the Council of the City the fact that the work has been completed ac- cording to plana and specifications, and upon approval of the com- pletion of the work based upon the engineers ' certificate by the Council, and after all costs have been paid, the Mayor, City Clerk and Engineer shall execute a certificate and file it with the Deposi- tary certifying that the work ha.s been completed in accordance with plans and specifications, that all costs have been paid, and if at that time any funds remain in said Construction Fund Account in the bank acting as Depositary of such Account, the same shall be trans- mitted by said Depositary to the Treasurer of said City and be by said Treasurer credited to the Bond and Interest Reserve Account until such account ag�regates the maximum requirement as provided for in para�raph (d) of Section 7 hereof, and any and all excess over and above the amount necessary to be credited to the Bond and Interest Account shall be transferred and credited to the Deprecia- tion Account referred to in paragraph (c) of Section 7 hereof. -20-