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<br />,1 ",,' <br /> <br />any such consent, request, direction, approval, objection or <br />other instrument or of the writing appointing any such agent <br />and of the ownership of Bonds, if made in the following <br />manner, shall be sufficient for any of the purposes of this <br />Resolution, and shall be conclusive in favor of the Ci:y with <br />regard to any action taken by it under such request or other <br />instrument, namely: <br /> <br />(1) The fact and date of the execution by any <br />person of any such writing may be proved by the <br />certificate of any officer in any jurisdiction who by law <br />has power to take acknowledgments within such <br />jurisdiction that the person signing such writing <br />acknowledged before him the execution thereof, or by an <br />affidavit of any witness to such execution. <br /> <br />(2) Subject to the provisions of subparagraph (A) <br />above, the fact of the ownership by any person of Bonds <br />and the amounts and numbers of such Bonds, and the date <br />of the holding of the same, may be proved by reference to <br />the bond register. <br /> <br />16. Delivery; Application of Proceeds. The Bonds <br />when so prepared and executed shall be delivered by the <br />Finance Director to the Purchaser upon receipt of the purchase <br />price, and the Purchaser shall not be obliged to see to the <br />proper application thereof. <br /> <br />17. Fund and Accounts. There is hereby created a <br />special fund to be designated the "General Obligation <br />Improvement Bonds, Series 15, Fund" (the "Fund") to be <br />administered and maintained by the Finance Director as a <br />bookkeeping account separate and apart from all other funds <br />maintained in the official financial records of the City. The <br />Fund shall be maintained in the manner herein specified until <br />all of the Bonds and the interest thereon have been fully <br />paid. There shall be maintained in the Fund two (2) separate <br />accounts, to be'designated the "Construction Account" and <br />"Debt Service Account", respectively. <br /> <br />(i) Construction Account. To the Construction <br />Account there shall be credited the proceeds of the sale <br />of the Bonds, less accrued interest received thereon, and <br />less any amount paid for the Bonds in excess of <br />$3,431,372.55, and less capitalized interest in the <br />amount of $235,524 (together with interest earnings <br />thereon and subject to such other adjustments as are <br />appropriate to provide sufficient funds to pay interest <br />