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2366 1 On the first day of April (October), 19 , the Village of Falcon Heights, Ramsey County, Minnesota, will pay'~o bearer at The American National Bank and Trust Company, in St. Paul, Minnesota, the sum show hereon for interest then due on its Storm Sewer Improvement Bond f 1 , ated April 1, 1866 Vi e r Mayor (On bonds numbered 28 to 77, both inclusive, coupons numbered 10 and higher shall include the clause "Unless the bond described below is called for earlier redemption." 3. The bonds shall be prepared under the direction of -the Village Clerk and shall be executed by the Mayor and the Vi11-age Clerk and the seal of the Village shall be impressed thereon. The interest coupons attached to said bonds shall be executed and authenticated by the printed, engraved, or lithographed facs~.mile signatures of the Mayor and Clerk. 'When the bonds have been so prepared and executed, they shall be delivered to the Village Treasurer who shall deliver .the same to the purchaser thereof as hereinafter provided but the purchaser shall not be required to see to the proper application of the purchase price. ~+. There is hereby created a special fund to be designated as "Storm Sewer Improvement Bonds of 1966 Fund" to be held and admin- istered by the Village Treasurer separate and apart from all other funds of the Village.. Said fund shall be maintained in the manner .herein specified until all of the bonds herein authorized and interest thereon shall have been fully paid. In said fund there shall be main- tained two separate accounts, to be designated as the "construction Account" and the "Sinking Fund Account", respectively. The proceeds of the sale of the bonds herein authorized, less accrued interest received thereon, shall be credited to the Construction Account, from which there shall`be paid all costs and expenses of making said improve ment, including the costs of construction contracts heretofore let and: all other costs incurred and to be incurred and the moneys in said account shall be used for no other purpose, provided that if upon com- pletion of said improvement there shall remain any unexpended balance in said Construction Account, such balance shall be transferred to the Sinking Fund Account. There shall be credited to the Sinking Fund Account all collections of the special assessments herein levied, all accrued interest received upon delivery of the bonds, all funds remain- ing in said Construction Account after completion of the improvement and payment of the costs thereof and all collections of taxes herein levied. The Sinking Fund Account shall be used solely to pay princi- pal and interest on the bond issued hereunder.