Amend Section 3, 6 and 12 Ordinance No. 4321-60 Concerning acquisition and construction of extensions and additions to the Waterworks

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be used in the purchase of outstanding bonds, or redemption of any bonds redeemable prior to maturity, at a price not exceeding the then applicable redemption price, if any. No further payments need be made into the Bond and Interest Redemption Account when the funds therein equal or exceed the amount of the principal of all the bonds then outstanding and interest thereon to the maturity dates thereof. All of the funds of said several accounts shall be deposited in lawful depositories of the City and shall be continuously held and se- cured or invested as provided by the laws relating to the depositing, securing, and holding or investing of public funds, including particu- larly Chapter 9 of the Acts of 1945. In no event shall any of the reve- nues of said waterworks be transferred or used for any purpose not au- thorized by this ordinance so long as any of the bonds issued pursuant to the provisions of this ordinance shall be outstanding. The funds from the operation of the waterworks on hand on the date of issuance of the bonds herein authorized may be applied on the costs of additions and ex- tensions to the waterworks in the event such costs shall exceed the amount now estimated, but if not so used shall be set aside in and cred- ited to the Operation and Maintenance Account or the Depreciation Ac- count, as determined by the Board of Public Works and Safety. ,Sec. 2. That Section 6 of said Ordinance No. 4321 -60 be and the same is hereby amended to read as follows: Section 6. The form and tenor of said bonds and the interest coupons to be attached thereto, together with the form of registry endorsement thereon, shall be sub- stantially as follows, all blanks to be filled in properly prior to deliv- ery thereof: