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Sec. 134. Sinking fund—annual report of.

The Sinking Fund Commission shall, through its Treasurer
not later than the fifteenth day of each September, make a report
of the condition of the sinking fund to the Council. Said
report shall state the cash receipts for the year, in detail, an itemized
list of bonds bought or sold, with price paid or received,
and a detailed list of all securities held by said Commission.
Said report shall be audited and approved by the Secretary of the
Sinking Fund Commission before it is presented to the Council.