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

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required to furnish surety bonds in an amount equal to one hun- dred per cent (100 %) of the amount of such contracts to insure the completion of such contracts in accordance with their terms, and contractors shall be required to carry such employers' lia- bility, public liability and other insurance as required under the laws of the State of Indiana. (b) All construction shall be contracted for and per- formed under the supervision of qualified architects or engi- neers. All estimates for work done and material furnished in connection with such construction shall first be checked and approved by such engineers prior to approval by the Board of Public Works and Safety for payment. No change orders shall be authorized or approved which would cause completion of said Project 1969 parking facilities to be delayed beyond December 31, 1970. (c) The City shall at all times maintain the facilities and its on- street parking meters in good condition and oper- ate the same in an efficient manner and at a reasonable cost. (d) To the extent that the City owns, leases, or in any manner controls the revenues from any additional off- street parking facilities, rates and charges for parking at such ad- ditional facilities shall be set at such a level as will not materially reduce the revenues of the Project 1969 facilities. (e) The Board of Public Works and Safety, subject to the approval of the Common Council, shall establish regula- tions governing the use and operation of the facilities so as to promote the maximum use thereof by the public in a safe, orderly and efficient manner, prior to the opening of said facilities for operation. (f) So long as any bonds payable from the revenues of said Project 1969 are outstanding, the City shall carry in- surance on said facilities of the kinds and in the amounts