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<br /> ARTICLE J <br /> PISCAL <br /> 3.1 LCRA shall retain possession of all not.., cash, <br /> investments, accounts receivable, CUSTOMER deposits, .aterials <br /> and supplies, and all other SYSTEM personal property of CITY in <br /> the possession of LCRA ~t the date of closing and Ihall duly <br /> account to CITY for same as provided for hereinafter in this <br /> ¡qreement. <br /> 3.2 All cash held by LCRA for the account of CITY <br /> and all ca~h collected by LCRA for the account of CITY after <br /> 12:01 a.m., September 1, 1986, shall be deposited in bank <br /> accounts in such bank or banks as the City Council of San <br /> Marcos may direct by formal resolution and upon such terms and <br /> conditions as may be specified in each such resolution. Such <br /> deposits shall be made as: <br /> CITY or SAN MARCOS <br /> ELECTRIC UTILITY ACCOUNT <br /> BY <br /> LOWER COLORADO RIVER AUTHORITY <br /> OPERATING AG!NT <br /> 3.3 All proceeds of any interest bearing time depos- <br /> its, investments, accounts receivable, and any other moneys due <br /> to CITY after 12:01 a.m., September 1, 1986, and which are held <br /> by LCRA for the account of CITY shall, upon collection; be <br /> -13- <br />