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<br />1 <br /> <br />make all deposits now or hereafter required to be made into the <br /> <br /> <br />Interest and Sinking Fund created and established by this ordinance. <br /> <br /> <br />Section 13. All Funds created by this ordinance shall be <br /> <br /> <br />secured in the manner and to the fullest extent permitted or re- <br /> <br /> <br />quired by law for the security of public funds, and such Funds <br /> <br /> <br />shall be used only for the purposes and in the manner permitted <br /> <br /> <br />or required by this ordinance. <br /> <br /> <br />Section 14. That the City reserves the 'right to issue <br /> <br /> <br />additional Certificates of Obligation and bonds on a parity, inso- <br /> <br /> <br />far as net revenues are concerned, with the Certificates of Obli- <br /> <br /> <br />gation of this series. <br /> <br /> <br />Section 15. That the Certificates are hereby sold and <br /> <br /> <br />shall be delivered to State Bank and Trust Co., San Marcos, for <br /> <br /> <br />the principal amount thereof and accrued interest thereon to date <br /> <br /> <br />of delivery. Accrued interest received upon delivery of the Certi- <br /> <br /> <br />ficates shall be deposited in the Interest and Sinking Fund. <br /> <br /> <br />Section 16. That the Mayor of said City is hereby autho- <br />rized to have control of the Certificates and all' necessary records <br />and proceedings pertaining to the Certificates pending their <br />delivery and their investigation, examination, and approval by <br />the Attorney General of Texas, and their registration by the Comp- <br />troller of Public Accounts of the State of Texas. Upon regis,tra- <br />tion of the Certificates, said Comptroller of public Accounts (or <br />a deputy designated in writing to act from said Comptroller) <br />shall manually sign the Comptroller's Registration Certificate <br />printed and endorsed on each of the Certificates, and the seal of <br />said Comptroller shall be impressed or placed in facsimile on each <br />of the Certificates. <br />Section 17. That the City covenants to and with the <br />purchasers of the Certificates that no use will be made of the pro- <br />ceeds of the Certificates at any time throughout' the term of this <br />issue of Certificates, which, if such use had been reasonably <br />expected on the date of delivery of the Certificates to and pay- <br />ment for the Certificates by the purchaser would have caused the <br />Certificates to be arbitrage bonds within the meaning of Section <br /> <br />1 <br /> <br />I <br />