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<br /> (v) the payment to the City, periodically or <br /> following final payment of the principal of, premium, if any, <br /> and interest on the Bonds, of any moneys, interest earnings, <br /> profits or capital gains over and above the amounts necessary <br /> for such purposes. <br /> ARTICLE XII <br /> LAPSE OF PAYMENT <br /> Section 12.01. Lapse of Payment. <br /> Subject to any escheat, abandoned property or similar law, <br /> money held for the payment of principal and interest on the Bonds <br /> remaining unclaimed by the Owners entitled thereto for four years <br /> after the applicable payment or redemption date shall be paid to the <br /> City to be used for any lawful purpose. <br /> ARTICLE XIII <br /> AWARDING SALE OF THE BONDS AND <br /> APPROVAL OF OFFICIAL STATEMENT <br /> Section 13. 01. Awardinq Sale of the Bonds. <br /> fThe Bond~ ale hereby officially sold and awarded <br /> to ~e.",.y..\ .c.u.,.,t~\A.<6~m~ , <br /> at a price of par, plus accrue interest from the date of the Bonds <br /> to the Closing Date, and a premium of $ -0- . It is <br /> officially found, determined and declared that the bid of said <br /> Purchaser is the highest bid for the Bonds as the result of <br /> competitive bids. <br /> Section 13.02. Approval of Official Statement. <br /> The form and substance of the Official Statement for the Bonds <br /> and any addenda, supplement or amendment thereto (the "Official <br /> Statement") presented to and considered at this meeting, is hereby <br /> in all respects approved and adopted, and is hereby deemed final as <br /> of its date (except for the omission of pricing and related <br /> information) within the meaning and for the purposes of paragraph <br /> (b)(l) of Rule 15c2-12 under the Securities Exchange Act of 1934, as <br /> amended, by the City Council. The Mayor and the City Secretary are <br /> hereby authorized and directed to execute the same and deliver <br /> appropriate numbers of executed copies thereof to the Purchaser of <br /> the Bonds. The Official Statement as thus approved, executed and <br /> delivered, with such appropriate variations as shall be approved by <br /> the Mayor and the Purchaser of the Bonds, may be used by the <br /> Purchaser in the public offering and sale thereof. The use and <br /> distribution of the Official Statement in the public offering of the <br /> 4177f <br /> -27- <br />