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~ IT O~AI~ by ~h~ ~ouncil ~f t~ity~ qf~L~wood. ~o~Y~'of <br /> Cuyahog~ ~d State of Ohio,. t~ee-f0urths of ~ll members co~curri~= <br /> <br /> Section 1:1 Tha~ to provide a fund ~or ~he pa~ent~of the portion <br /> 'oEfthe cost ~nd ~xpense. for wh~ich the ~peci~l ~ssessme~ h~s here- <br /> tofore been l~e~ied for said improvemen~ ~e Mayor. $ D~ector of <br /> ~in~nce be a~d they are hereby~ ~thorized ~o iss~e~s ef the <br /> <br /> ~hicH m~t~lt[es ~r~ hereby ~e~e~ine~ to be i~ ~bst~[~lly equ~ <br /> ~nnu~l ~o~ntm, ~i~ in~eres~ thereon at.th~ r~e of p~ Cent~a <br /> ~e~ ~nn~, p~y~ble S~l ~nu~lty on April ls~: ~ Octo~ 1st <br /> year until ~ll 'oE the s~id bongs ~ve been'~uly ~i~:.~ retire.. <br /> ~n~ sh~tl be p~Y~le,both princAp~t ~ interest. ~ [h~ of~ce ofT <br /> the Di~ect~ of ~n~ce o~ the City of L~.l~ai~nds so <br /> ~uthorize~ ~ be .issue4 s~ll ~e ~te~ <br /> sh~l be sig~ed ~ sol~ by said offioers'.'~s provi~d ~ t~w, and <br /> t~e proceeds_ t~re~f, except~ ~remi~, ~ccr~ed,'interest ~d 'the <br /> ~nount ~e[$~$~y for int'eres~.-until ~he E~st H~lf of ~ taxes for <br /> the year - ~re .~ai'l~ble, sh~ll be applied to t~ p~e~ of the <br /> cos~ ~d ~pense of said improvemen~ as ~foresaid, ~ ~o no other <br /> purpose ~vha~soever.. The full~-f~ith, credit ~nd revenues eE t~ <br /> City o~'L~kewood. Ohio, are hereby pledged to the ~m~ent of s~d <br /> bonds and t~ &nterest 'thereoh. If before ~e s~Ie of s~id bonds <br /> m~ of the ov~ners of s~id proper~y s~ll p~y ~e'ir total asses~men'~ <br /> in cash the ~grega~e s~ in bond's to be issued '~ ~ r~duced <br /> bY deduct'lng the ~ohn~ so p~id in Cash from 'the. '~t'~ ~ount of <br /> fund [0 B~ provided, and the bonds issued s~[I be red, ced In ~ount <br /> or denomi~ion~ ,~b'2 both, so ~s ~o provide for m substm~imlly ~qm~ <br /> ~oU'nt ~t~Xng 8ach <br /> <br />- Section '2::~-Th~[ s~id' &~nual 'p~ents of said msseSs~nts and mll"por- <br /> tio~ ~her~of ~ kI1~ interest tHeresn s~,~ll be ~pplied to ~e pmymen~ <br /> o~ said bo~d~-and ~e interes~ thereon ~s the s~e sh~l become due, <br /> ~nd to. no o~er p~pose ~hatseever~ <br /> <br /> ~oc~on ~: Th~ for the purpose of providing f~n~ in ~'~o~n~ <br /> ~ufficien~ to p~ ~$he inte~s'~ on s~i~[ seri~[ bonds m~. t~e p~vid, e <br /> m ~un~ ~or [He fi~aI ~edemp~ion of s~id b'o~ds, there s~l[ <br /> is hereby levi~ upon all the real a~ personal pro~er'~y <br /> <br /> <br />