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7he Conatruct3.on Fund (1) shall consist of the partion of the proceeds a#° the Improvement Bonda provided for in the following sectian and such additional amounts as may be gaid into said fund by the Municipality, (2) shall be main- tained by the Municipality in a deposit account fu11y secured by obligations of the United States, but, until required for the purposes herein provided, may be invested by the Fiscal Officer in bonds, notes or bills of the United States maturing in not more tha,n one year from date of investment, (3) shall be applied to the purposes for which the proceeds of the Improvement Bonds are required to be used under Seetion l of this Oxdinanceo I,nterest on any moneys or investments in each Fund shall be credited to such Fund. 3ection 5. Allacation of Proceeds of Txnprovement Bonds -- The proceeds from sale of tYze Improvement Bo d shall be allocatecl and are hereby appropriated to the following funds Qf the Utility hereinabove established: (a) a sum equal to the amount of interest which wi11 accrue on the Tmprovement Bonds to June 1, 1962, to the Debt Service Fund; (b) the portion, if any, representing premium, to the Debt Service Reaerve Furrd; and (c) the entire balance of such proceeds, to the Construction Fund. 731e Fiscal Offieer ia hereby authorized forthwith upon receipt of such proceeds, to pay from the Construction Fun.d all bills incwrred in coninection with the sa1e, issuance and delivery of said bonds, incl.uding those rendexed by the Fiscal Agent, bond counsel and bond printers urider employment agreements theretofore authorized. Section 6. Additiazzal Bpnds -- The Municipality sha.ll have the right from time to time to issue Adclitional Bonds for the purpose of inaking replace- ments, extensions and improvements to the Utility, which Additional. Bonds shall be payable from the Debt Ssrvice Fund and Debt Service Reserve Fund and be secured by a lien upon the properties and revenues of the Utility on a parity with the Improvement Bonds, and the Trustee shall authenticate and delivex° such Addit3.ona], Bonds; pxovided, that, when an,y such Additional Bonds axe issued, the Municipali,ty shall have furnished to the Trustee the following certificates; (A) Certificate of Fisca]. Offieer and Lega1 Officer of the Municipality certifying that, to the best of their knowledge, the Municipality is not, on the c'tate of issue of such Additional Bonds, in default in the performance of ary of its covenants provided in this Ordinance, in the Mortgage or in the Bonds; (B) Certifi.cate af an independent engineer satisfactory to the Trustee showing (1) that said Additional Bonds are necessary to provide rep].acements, extens3ons or improvements to the Utility which are reasonably necessary for the proper and economical opera,tion of the Utility or for meeting existing or prospective demaxids for its services, or both, and (2) that the revenues of the Utility received during arrW eighteen consecutive months of the twenty,four calendar months preceding the sale of such 28