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bi ddi ng and di rect the pu rchas i ng agent to purchase necessary supplies in the open market. Section 7.3 - Contracts: (a) All contracts and leases to which the city is a party when this charter becomes effective shall remain in full force and effect for the life of the contract or lease. (b) The authori ty to cont ract on behalf of the ci ty is vested with the City Manager and shall be exercised in accor- dance with the provlsions of Statute and of this charter, pro- vided that any contracts in excess of the city Manager's spending authority as provided by this charter or by the Munici- pal code must be approved by the City council. (c) A(i contract or agreement in an amount in excess of the amount ixed by ordinance made with form or terms other than the standard city purchase order form, shall, before execution, be submitted to the attorney and his opinion obtained with re- spect to its form and 1 ega 1 i ty. A co~~ of all contracts or a~reements requiring such an opinion sha be filed with the of- flce of the city clerk, together with a copy of the opinion. (d) Before any contract, agreement or pu rchase order is entered into which obligates the city to pay an amount in excess of the dollar value established by ordinance, the accountin~ of- ficer of the City or the City Manager shall first have certlfied that an appropriation has been made for the payment thereof, or that sufficient funds will be available if it be for a purpose bei ng fi nanced by the issuance of bonds or by speci a 1 assess- ments or for some other purpose not chargeable to a bud~et ap- propriation. In the case of a contract or agreement obllgating the City for periodic payments in future fiscal years for the furnishlng of a continuing service or the leasing of propertb, such certi fi cati on need not cover those payments whi ch wlll e due in future fiscal years, but this exception shall not apply to a contract for the purchase of construction of, a public im- brovement unless such purchase or construction is being financed y an installment contract. Certification by the accounting of- ficer of the City or by the City Manager shall be endorsed on each contract, agreement or purchase order requi ri ng same or shall be filed as an attachment thereto. (e) No contract or purchase order shall be subdivided for the dU rpose of ci rcumventi ng the dollar value limitations im- pose by ordinance. (f) NO contract shall be amended after the same has been made except upon the authority of the council, provided that the ci ty Manager may amend contracts for those pu rchases and sales made by hi m when the doll ar value is 1 ess than the 1 i mi tati on imposed by ordinance. (g) No compensation shall be paid to any contractor except in accordance with the terms of the contract.