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.2- <br /> <br />Section 3: That flor the purpose of providing funds in an <br />amount sufficient to pay the interest on said serial bonds and <br />t~ provide a fund for the final redemption of said bonds, th~t <br />shall be and is hereby levied upon all the real and personal <br />property in the City of Lakewood, Ohio, a direct annual tax, <br />in addition to all other taxes, suf£iei~nt for said purposes, <br />provided howev,r, that in each year the assessments anticipated <br />by said bonds are payable and are applicable to the payment of <br />s~ch purDose, the amount of such tax shall be reduced by the <br />~mount of the assessments so appropriated and applicable, and <br />th~ amount thereof shall be ascertained, levied and certified <br />by the proper t~x authorities annually and sh~ll be collected as. <br />ot~er taxes are collected. <br /> <br />Section 4: That ~pon the s~le of said bonds the premium, <br />interest and capitalized interest, if any, shall be paid <br />sinking fund or bond retirement fund. <br /> <br />accrued <br />into the <br /> <br />Section ~: The Director of Finance is hereby directed to forward <br />a c~rtified copy of this ordinance to the County Auditor as re- <br />quired by Section ~6%9-1b of the General Code of Ohio. <br /> <br />Section 6: This ordinance shall be in full force and effect from <br />and after the earliest period allowed by law. <br /> <br />Adopted: <br /> <br />President. <br /> <br />APprov~dl <br /> <br />~ayor <br /> <br />Clerk. <br /> <br /> <br />