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Revenue Code of 1954, as amended, and the City shall comply <br />• with the applicable Treasury Regulations adopted under such <br />Section 103(c) so long as any Bond is outstanding. <br />7. The proceeds of the sale of the Bonds shall be <br />applied to the payment of the cost of public school improve- <br />ments of and for the City. <br />S. The Bonds shall be sold in one or more series <br />in accordance with the provisions of paragraph 1 at compet- <br />itive sale at not less than par plus accrued interest and on <br />such other terms and conditions as are provided in the Notice <br />of Sale thereof. The sale and the definitive details of the <br />Bonds shall be approved, ratified and confirmed by resolution <br />• <br />each series of the Bonds (the "Notice of Sale"), such publi- <br />cation to be made in The Bond Buyer, a financial newspaper <br />published in the City of New York, New York, and in The <br />Daily Progress, a newspaper of general circulation in the <br />City, at least once in each such paper, with the date of the <br />first publication to be at least ten (10) days prior to the <br />date of sale of such series of the Bonds, and the City <br />Manager of the City is further authorized to cause to be <br />prepared and distributed an official Statement relating to <br />each series of the Bonds. The Notice of Sale shall be in <br />substantially the following form, to -wit: <br />W -C <br />of <br />this <br />Council. The City Manager of the <br />City is <br />authorized <br />• <br />to <br />cause <br />to be published and distributed <br />a notice <br />of sale of <br />• <br />each series of the Bonds (the "Notice of Sale"), such publi- <br />cation to be made in The Bond Buyer, a financial newspaper <br />published in the City of New York, New York, and in The <br />Daily Progress, a newspaper of general circulation in the <br />City, at least once in each such paper, with the date of the <br />first publication to be at least ten (10) days prior to the <br />date of sale of such series of the Bonds, and the City <br />Manager of the City is further authorized to cause to be <br />prepared and distributed an official Statement relating to <br />each series of the Bonds. The Notice of Sale shall be in <br />substantially the following form, to -wit: <br />W -C <br />