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

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Positing, holding and securing, or investing of public funds including particularly Chapter 9 of the Acts of 1945, as amended. Any residual revenues of the Project 1969 off - street parking facilities remaining after meeting the foregoing re- quirements of the Parking Fund and Parking Sinking Fund shall be deposited in said Replacement and Improvement Fund and, to- gether with any other funds from other sources which may from time to time be made available by the 'City, may be used to pay the cost of extraordinary repairs, replacements, additions, extensions and improvements to the Project 1969 facilities or any other legal obligations of the Project 1969 facilities; provided, however, that any moneys in said Replacement and Improvement Fund shall be transferred to the Parking Sinking Fund to the extent needed to make up any deficiencies in the credits to the accounts thereof. Sec. 13. Subject to the approval of the Board of Public Works and Safety, the proper officer of the City is hereby au- thorized to invest in direct obligations of the United States Government, or obligations of instrumentalities and agencies thereof which are fully guaranteed by the United States of America, such portion of the funds in said Parking Sinking Fund, and the accounts thereof, and the Replacement and Im- provement Fund 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, which in the case of the Term Bond Redemption Account shall be not to exceed five (5) years from the date of such investment, - 24 -