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7. The Village Manager is directed to cause 3aid bonds to be prepared and the Mayor and Manager are authorized and directed to execute the same, by the facsimile signature of the Mayor and the manual signature of the Village Manager, with the facsimile of the corporate seal printed on the bonds, and to cause said coupons to be executed and authenticated by the printed, engraved or lithographed facsimile signatures of said officers. 8. The said bonds when so prepared and executed c;l1nll 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. 9. There is hereby created a special Fund to be designated "Temporary Improvement Bonds of 1970 Payment Fund" 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 Temporary Improvement Bonds of 1970 of the Village and the interest thereon have been fully paid. The proceeds of the sale of the bonds herein authorized, less accrued interest received thereon, and less any amount paid for said bonds in excess of $1~470,000, shall be credited to said Pay- ment Fund, from which there shall be paid the outstanding principal of and interest on Temporary Improvement Bonds of 1970 to their date of call, i.e. May 1, 1972 and all costs and expenses in issuing these bonds and making the call in- cluding the payment of any call premium, and all other costs incurred and to be incurred therewith and the moneys in said account shall be used for no other purpose. There is hereby pledged and there shall be credited to the General Improvement Bond Sipking Fund heretofore created by the Village Council by resolution adopted July 1, 1963, all collections of special assessments heretofore levied and set forth in paragraph 10 hereof and all taxes herein levied, all sums on deposit in the Temporary Improvement Bond Fund of the Village created by the resolution of the Council of May 18, 1970 not needed to pay Temporary Improvement Bonds of 1970 on May 1, 19r(2, all accrued interest received upon delivery of the bonds herein authorized, all funds paid for the bonds in excess of $1,iVTO,OOO and all funds remaining in said Payment Fund after payment of the Temporary Improvement Bonds of 1970 and the interest thereon and other costs set forth above. The S:Lnking Fund Account shall be used solely to pay principal and interest on the bonds issued hereurider and all other improvement bonds hereto- fore and hereafter made payable from said Fund. -6-