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6. The City Clerk-Treasurer shall obtain a copy of the approving legal opinion of O'Connor & Hannan, bond counsel, which opinion shall be complete except for the dating thereof, and shall cause such opinion to be filed in the City offices. 7. The Bond shall be prepared under the direction of the City Clerk-Treasurer and shall be executed on behalf of the city by the manual signatures of the Mayor and the City Manager; the corporate seal of the City shall be affixed to the Bond; and the Clerk-Treasurer shall register the Bond in the name of the Purchaser on the City books kept for such purposes. The Bond when so executed shall be delivered by the City Clerk-Treasurer to the Purchaser upon receipt of the purchase price, and the Purchaser shall not be obligated to see to the proper application thereof. 8. There is hereby created on the books and accounts of the City a separate -construction fund (the "Construction Fund") which shall be used solely to defray the expenses incurred in making the Improvements. There shall be credited to the Construction Fund (a) the proceeds of the Bond, except $23,233 thereof representing capi talized interest to be deposi ted in the Debt Service Fund herein- after established and (b) any other moneys appropriated by the City Council to the payment of costs of any of the Improvements. 9. There is hereby created on the books of the City a $300,000 General Obligation Fire Station Bond of 1984 Fund (the "Debt Service Fund") which shall be used exclusively for, and funds deposited therein from time to time are hereby pledged to, the payment of the pr incipa1 of and interest on the Bond, when due. The ad valorem taxes here- inafter levied, and any addi tional taxes hereafter levied for payment of the Bond, shall be deposited in the Debt Service Fund, when received. $231233 of the proceeds of the Bond shall be deposited in the Debt Service Fund and used to pay the interest first coming due on the Bond. 10. The full faith and credit and taxing powers of the City are hereby pledged to the payment of the principal of and interest on the Bond, and in the event of any current or anticipated deficiency of funds in the Debt Service Fund of amounts needed to make any such payment, when due, the City Council shall levy ad valorem taxes on all taxable property in the City in the amount of such deficiency. In order to provide funds for the timely payment of the principal of and interest on the Bond, when due, there are hereby levied the following direct, annual, irrepealable ad valorem tax levies (the "Tax Levies") against all taxable properties in the City, which Tax Levies shall be in the years and amounts as