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~, ~cc~~~o~~. lac ~~~ slaa~l lac c~:cc~~~ed ora belaalf of tl~~ i~ Icy lac ira~t~rr~s of its Mayor arad ~dnai~ais~ra~or; ~~ac ~~ of lac icy Baas bcn in~c~a~io~aall~ oi~~l~~ed as perra~i~~c~ b~ Ia~~. bra ~Iac c~f~~~ ~~ ~isl~iii~y or resiaation or ~#~ar l~scrrcc of ~r~y s~~ch officer, ~Iae N~o~e ~.aa~r I~~ ~~zaed ~ lac naa~aul si~raat«rc ~~`~la~~ ~~ccr ~lao ~aaay act ors I~claalf ofs~zc~a ~en~ or isal~I~d off ~ccr. bra case any s~~cia ofl~rccr ~~~aoc siraa~t~rc laaa~ appear ova tae Node shall ccac fio lac such off~rccz- bcfor•c ~~ac cli~rcry of lac ~~o~e, ucl~ si ~aa~urc saaall ~ac~cr tlaclcss be valid and sr~f~ci~~a~ Igor aII ptrrposes, lac a~~c a if ~~,~cla ofccr la.ad rc~aaai~acd in office r~rat~l dcli~cr~y, Icli~crv; . a Iica~inn of l~r•ocecd. Tlac ~~~ ~vlacn ~ prepared arad c~ccr~~cd sl~all ~ dcli~tercd ~y ~Iac l~ iraa~ac r~ir•cc~or ~~ tlac purclaascr ~laer•eaf prior ~o disb~~rsc~aac~a~ pr~rsr~arat ~~ ~lae projcc~ l~oara ~rcera~en.~, a~ad lac p~arclaascr• la~.ll rao~ lie ol~Iicd ~~ ~~ to ~Iac proper appl~c~iora ~lacrco~ l~ uzad~ grad Accor~ra~. here is laer ey creaked a sep~r~~e f~rrad o f ~lae pity d~ei~~aa~ed~ tlae "~`r•a~aspor~a~ior~ ~'~rtadtr ~~lae "l~`r~~d"}. TI~c `uracl shall Inc r~aai~a~aitaed iia ~lae aara~aer sl~ecificd laerei~a ~~~atil ~lae l~o~e a~~d ~n~eres~ flaereora laa~e been f~~lly paid. ~'Iaere shall be ~aaai~aai~acd in tlac 1~~~~ad, lac follo~~i~a acco~~~a~s~ ~a} ~a "~~~', or~s~rr~c~iora ,~ccorr~a~", ~o ~~I~icla shall ~~ c~cdi~ed alI proceed recei~Fed f~ro~a~ lac sale of~lac o~c. 'lac 'ale shall Iac lac o~aly a~a~-ce ~~raaoracy cre~li~ed ~~ ~~ac l~l~~ ons~rcion 1~cc~~rn~. ~~ ~ rcco~aized ~l~a~ ~lae sale proceeds of tlae ~~~~ are received i~a re~~aal~~rrsc~aaer~~ for costs e~pcr~rlcd on tlae ~'roc~ ~~• i~a d~r-cc~ pa~raaera~ ~~` ~~~~~ cos~sa grad ~Ia~~ accordi~aly ~l~c n~o~acys raeed rao~ ~~ placed in ~lae ~`,A. oras~rr~cfiiora .cco~~t~~ ~rpora receipt b~ raay Inc appi~ed iraanacdia~cly ~o reiraab~rsc lac so~rrce fror~a ~~~aicla ~lae eperadi~~~re ~~~ r~~~de. ~rla ~aao~ay ira ~Iae '~.~ ons~~.rc~iora ~ccoirn~ shall ~ ~~ed solely for ~~~~ pur~posc ofpa.y~ira~ for ~lae ~~~ of co~as~r•~xctir~~ lac ~roec~, i~~cludi~a alI cosh en~rraaera~ed ira liraneso~a ta~~r~cs, ec~io~a ~~,, prov~d~c~I ~laat r~cla ~aao~~ey Iaall oraly epcraded for costs a~ad e~pe~aes ~~laicla a~ ~ pc~~a~i~~ed ura~ler ~lae ~'roj ec~ ~.oara ~l~e~aae~a~. ~'lae ~~~'. prolail~i~s ~lae ~~se of proceeds of ~lae ore to rei~aal~r~rse cosh i~~i~ially paid fror~a proceeds of o~laer ol~Iiatio~as of ~lae icy ~~nless o~Iaet•~~rie pecifrcally appro~e~l. pora coraapletiora of ~~ac ~r•o~ec~ a~ad lac payraaera~ ofxlae costs ~Iaereof, a~ay s~~a•plus saali lie ~rarasfer~red ~~ ~lae N~~l~'~ ~~ cr~ice .~cco~rra~. ~Ia~ bra "~~. ~el~~ erv~cc cco~~ta~'fi, to ~vlaicla ~lacre Iaall e in•e~vocably appropr ia~ed, plcded .rad crcdi~ed. ~ ~ ~ ~~por~ receipt fro~aa ~lae o~aalaaissioner of Fi~aance of ~lae ~a~e of l~i~aneso~a, ~~ae a~a~atral an~o~xra~ of aoncy needed for paaae~a~ of principal arad i~a~crc~ dire cacla year ~. lac ~o~e f~•o~aa ~a~oneys allo~~cd or ~o Ise allo~~ed a tlae ~i~~ frolaa ids acco~~~a~ rra ~lae l~r~arc~pal ~a~e~~.id ~rec~ l~"~~nd; ~?~ a~ay collec~io~as o.l~~aes ~~rlaicla raaay laercf`~er Inc levied for payn~en~ of tlae pr~racipal of and iz~eres~ on ~lae ~o~e; ~}all ira~es~~aae~a~ ear-~ngs ora raao~ac~s held. ~n lac 1~~~, Ieb~ Service ~cco~~~a~; ~~~ ~~y araao~~ta~s trarasf'cr-rcd fr•or~~ lac llpl~"~, os~rrac~iora Acco~~ra~; arad ~~} a~ay o~lae~ nao~aeys ~vl~icla arc properly available grad arc appropriated Icy the icy o~r~ac~I ~o ~lae IAA eb~ Service ~cco~r~a~. `flac rraoracys ~r~ lac IV~PF ~cl~~ e~-vice Acco~~~a~ slaa~l be used o~aly to pay or• prepay lac pri~acipal ofand in~ere~ ora ~Iae ~o~e and ~o pay ara~ rcba~e Luc ~~ ~lae U~ai~ed Sfa~cs ~~ri~la respect to ~lae ~l~F, Bo~ads i~a co~araec~io~a ~vi~Ia the ode, ? 17~G~~(~~~ l