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the corporate seal may be printed, engraved, or lithographed <br /> facsimiles thereof . In case any officer whose signature, or a <br /> facsimile of whose signature, shall appear on the Bonds shall <br /> cease to be such officer before the delivery of any Bond, such <br /> signature or facsimile shall nevertheless be valid and <br /> sufficient for all purposes , the same as if such officer had <br /> remained in office until delivery. Notwithstanding such <br /> execution, no Bond shall be valid or obligatory for any purpose <br /> or entitled to any security or benefit under this resolution <br /> unless and until a certificate of authentication on such Bond <br /> has been duly executed by the manual signature of an authorized <br /> representative of the Registrar . Certificates of <br /> authentication on different Bonds need not be signed by the <br /> same representative. The executed certificate of <br /> authentication on each Bond shall be conclusive evidence that <br /> it has been authenticated and delivered under this resolution. <br /> When the Bonds have been so executed and authenticated, they <br /> shall be delivered by the City Manager to the purchaser thereof <br /> upon payment of the purchase price in accordance with the <br /> contract of sale heretofore made and executed, and the <br /> purchaser shall not be obligated to see to the application of <br /> the purchase price . <br /> Section 4 . Security Provisions . <br /> 4 . 01 . 1988 Sewer Improvement Construction Fund. <br /> There is hereby created a special fund to be designated as the <br /> "1988 Sewer Improvement Construction Fund" (the Construction <br /> Fund) , to be held and administered by the City separate and <br /> apart from all other funds of the City. The City appropriates <br /> to the Construction Fund the proceeds of the sale of the Bonds, <br /> less the amount required by Section 4 . 02 hereof to be deposited <br /> in the Bond Fund therein created. The Construction Fund shall <br /> be used solely to defray expenses of the construction of the <br /> Improvements . Upon completion and payment of all costs of the <br /> construction of Improvements , any balance of the proceeds of <br /> Bonds remaining in the Construction Fund shall be credited and <br /> paid to the Bond Fund . <br /> 4 . 02 . 1988 Sewer Improvement Bond Fund. So long as <br /> any of the Bonds are outstanding and any principal thereof or <br /> interest thereon unpaid, the City shall maintain a separate and <br /> special 1988 Sewer Improvement Bond Fund (the Bond Fund) to be <br /> used for no purpose other than the payment of the principal of <br /> and interest on the Bonds and any additional obligations of the <br /> City payable therefrom pursuant to Section 4 . 03 hereof . If the <br /> balance in the Bond Fund is ever insufficient to pay all <br /> principal and interest then due on bonds payable therefrom, the <br /> City shall nevertheless provide sufficient money from any other <br /> funds of the City which are available for that purpose, and <br /> such other funds shall be reimbursed from subsequent receipts <br /> -11- <br />