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Section 7. OBLIGATIONS OF AGENCY: All debts, liabilities <br /> and obligations of the agency shall be the debts, liabilities and <br /> obligations of that agency and not of the parties to this agreement. <br /> <br /> Section 8. DESIGNATION OF DEPOSITARY: The Treasurer of the <br /> City of Pleasanton is designated herein as depositary and shall have <br /> custody of all money of the agency created herein from whatever <br /> source. The Treasurer shall: <br /> <br /> A. Receive and receipt for all money of the agency and <br />place it in the treasury of the City of Pleasanton to the credit of <br />the agency; <br /> <br /> B. Pay when due out of the money of the agency all <br /> <br /> sums payable; <br /> <br /> C. Be responsible upon his official bond for the safe- <br />keeping and disbursement of all agency money held by him; <br /> <br /> D. File an official bond which is satisfactory to the <br />Steering Committee; <br /> <br /> E. Pay any other sums due from the agency from agency <br />money only upon warrants of the City of Pleasanton; and <br /> <br /> F. Verify and report in writing on the first day of <br />July, October, January and April of each year to the agency and to <br />the contracting parties the amount of money held for the agency, <br />the amount of receipts since the last report and the amount paid <br />out since the last report. <br /> <br /> Section 9. FINANC'[AL REPORTING: This agreement provides <br />for strict accountability of all funds and the reporting of all <br /> <br /> <br />