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Purchase Contract relating to such Bonds. No such number shall constituue or be deemed to be a part of any Bond or a part of the contract evidenced thereby and no liability shall attach to the City or any of its officers or agents because of or on account of any such number or any use made thereof. All expenses in relation to the printing of such numbers on the Bonds shall be paid by the City, including the CUSIP Service Bureau charge for the assignment of such numbers. SECTION 7. Public Improvement Projects. The proceeds of sale of the Public Improvement Bonds shall be applied to the payment of the costs of the public improvement projects described below in substantially the amounts set forth opposite the descriptions of their respective projects: Purpose Amount Drainage and Street Improvements $4,431,317 Education 938,878 Industrial and Economic Development 9,180,734 Leisure Services 2,342,875 Public Safety 1,872,865 Municipal Facilities 3,278,331 $22,045,000 provided that if any such project shall require less than the entire respective amount set forth above, the difference may be applied to pay the cost of any other project so set forth. SECTION 8. Tax Covenant Relatinq to Tax-Exempt Bonds. In the case of Bonds issued thereunder the interest on which is contemplated to be excluded from gross income for purposes of federal income taxation, the City covenants and agrees to comply with the provisions of Sections 103 and 141-150 of the Internal Revenue Code of 1986 and the Treasury Regulations promulgated thereunder throughout the Term of the Bonds. SECTION 9. Sale of Bonds to Underwriters. Approval of Execution and Delivery of Purchase Contracts: (a) Pursuant to the authority of and for the purposes specified herein, the Council hereby authorizes the sale of the Bonds of each such series, without further action by the Council, in the case of the Series 1997A Bonds and the Series 1997B Bonds to Craigie Incorporated, Scott & Stringfellow, Inc. and Wheat, First Securities, Inc. (collectively the "Underwriters") and in the case of the Serles 1997C Bonds to Craigie Incorporated at a price of not less than of the principal amount of the Bonds of