Laserfiche WebLink
-2- <br /> <br />Section 3: That for the purpose of ;~rovtdtng f~nds in an amount <br />suf'eicient to pay the interest on. said serial bonds and to provide <br />a fund for the final redemption of said bonds, there shall be and <br />is he~reby levied upon all the real and personal property in th'~ <br />City of Lakewood, Ohio, a direct annual tax, in ~ddttion to all <br />other taxes, suggicient for said purposes, provided, however, that <br />in each year the assessments a~ut~oipated by said bonds are payable <br />and are appIicable to the payment of such purpose, the amount of <br />such tax shall be reduced by the amount of the assessments so <br />appropriated and applicable ~nd the amount thereof shall be ascer- <br />tained, levied and certified by the proper tax authorities annually <br />and shall be collected ms other taxes are collected. <br /> <br />Section ~: That upon the sale of said bonds the <br />interest and capitalized interest, if aA~, shall <br />sinking fund or bond retirement fund. <br /> <br />premium, accrued <br />be paid into the <br /> <br />Section 5: The ~frector of ~inance is hereby directed to forward <br />a certified copy of this ordinance to the County Auditor as re- <br />quoted by Section ~659-1b of the General Code of Oh~oo <br /> <br />Section 6: Th~s 0r~inance shall be in f~ll force and effect from <br />and after the earliest per~od allowed by law. <br /> <br />Ado ed:..,....,.,..,~,......,......... <br /> <br /> Ellen ~, ~ldenbogen <br /> <br /> Pre s tdent <br /> <br /> E. A. Wiegai~l <br />Approved:,..,.,.,.....,..,.,............ <br /> Mayor <br /> <br /> <br />