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Sec. 122. Same—annual report of.

The Sinking Fund Commission shall, through its secretary, on
the first 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 approved
by the treasurer of the Sinking Fund.