The Escrow Agent shall promptly notify the Sinking Fund Commission in writing of all deposits to the credit of any Sinking Fund account, all disbursements and transfers from any Sinking Fund account, all investments of moneys in any Sinking Fund account, and all sales or redemptions of such investments. In addition the Escrow Agent upon request of the Sinking Fund Commission, shall furnish the Sinking Fund Commission with a statement of the current balances in each of the Sinking Fund accounts. Such notices and statements shall be furnished to other parties as may be required by any ordinance authorizing the issuance of bonds or notes.
(Ord. No. 1748-80. Passed 10-8-80, eff. 10-8-80)