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8. 'l'he Village Manager is directed to cause saLd bonds to be prepared and the Mayor and Village Manager are authorized ancl directed to execute the same by the facsimile signature of the Mayor and. the manual signature of the Villae;e Manager, with the facsimile of the corporate seal of the Village printed on the bonds, and to cause said coupons to be executed and authenticated by the printed, engraved or litho- graphed facsimile signatures of said officers. 9. The said bonds when so prepared and executed shall be delivered by the Treasurer to the purchaser thereof upon receipt of the purchase price, and the said purchaser shall not be obliged to see to the proper application thereof. 10. There is hereby created a special fund to be designated lfGeneral Improvement Bonds, Series 5 Fundlf to be held and administered by the Village Treasurer separate and apart from all other funds of the Village. Said fund shall be maintained in the manner herein specified until all of the bonds herein authorized and the interest thereon have been fully paid. In said fund there shall be maintained two sepa- rate accounts, to be designated as the lfConstruction Account!! and the lfSinking Fund Account,!! respectively. The proceeds of the sale of the bonds herein authorized, less the accrued interest received thereon, and less any rnnount paid for said bonds in excess of ,?,a9J,165, shall be credi.ted to the Con- struction Account, from which there shall be paid all costs and expenses of making said improvements, including the costs of construction contracts heretofore let and all other costs incurred and to be incurred and the moneys in said account shall be used for no other purpose, provided that the bond proceeds may also be used to pay interest on said bonds due prior to the anticipated date of connnencement of the collec- tion of taxes or specj_al assessments herein levied, and pro- vided further that if upon completion of said improvements there shall remain any unexpended balance in said Construc- tion Account, said balance may be transferred by the Council to the fund of any other improvelnent instituted pursuant to Chapter 429 M.S.A. There is hereby pledged and there shall be creclj ted to the ::3inJdng F'und Account, all collecUons of special assess/oents and taxes herein levied, all accrued intcrc:: t reeei vc;d up un c(-;livc~r~ of f3a:ld bonds., all s urns paiel for 8ald bond" in excess of :/1',893,16:.., and oJl funds remain- ing j n saLd Corn,truct:Lon J\Ccount after complet:ion of' the improvc:lYlcntn and payment of the cost~J thereof, not so tran~;- fc:l"J'c~([ toUw funG of anutlw)' jnproverncnt. '1'hc,.i nldnc; ]"und ^ccu\lnt ~:haJl be u:;ed ;-;olcJy to pay pri llc:i pul [ll1Cli.ntcrc:;t; on tl w!)oncL} l:j S 1.1 eel lwrc~un([c;r. -'(-