Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues

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for the purpose of paying the cost of said Project 1969 park- ing facilities or as otherwise required by said Act and this ordinance. Any balance or balances remaining unexpended in such special account or accounts within ninety (90) days after completion of the facilities which are not required to meet unpaid obligations incurred in connection with such construc- tion shall be paid into the Parking Sinking Fund - Project 1969, and shall be used solely for the purposes of said fund. Subject to the approval of the Board of Public Works and Safety, the proper officer of the City is hereby authorized to invest in direct obligations of the United States Govern- ment such portion of the funds in said acquisition and con- struction account as shall not be required for immediate use, provided that no such investment shall be made at a cost in excess of the par value of the securities purchased, and that none of the funds shall be invested in any securities the ma- turity date of which is later than the time when such funds are required to be available for the purposes thereof, or if the time when such funds will be required for use cannot be determined, such investment shall be made only in securities having a maturity date of one (1) year or less from the date of purchase. Such investment shall be made in strict accord- ance with the provisions of Chapter 9 of the Acts of the Indi- ana General Assembly for the year 1945, as amended, and any interest or other accretions derived from any such investments shall become a part of the funds invested. Sec. 9. The income and revenues of off - street parking Project 1969 shall be set aside and deposited daily as re- ceived in a separate and special fund to be designated as "Parking Fund - Project 1969" (herein called the "Parking - 17 -