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~nts and ef the i.~e o~ ~onds in ~tiet off ~he collection <br /> <br />~ t~ Direetor of YAhoo ~ e~tifiet to t~s ~il ~ <br /> <br /> tho ~pFOV~on~ he~inafler ~e~er~ to ~ee~s fi~ (~) ~ears ~ <br /> <br /> maximum maturity of the notes hereinafter zeferred to ia <br /> <br /> es e~d determines tha~ ~he <br />a~ ~ ~e ~ends ~ll ~e iasu~ In a~i~l~a~lon of t~ aOlleetion of <br />s~ecial aeses~nto pFlo~ to t~ date of ~turit~ of the notes herel~ <br />after aat~r~ la u~er ~ ~ s~d ~teo at ~turity as p~vld~ <br />1~, now, t~refore <br /> <br />1~ IT OI1D~ l~y Shec~ounoi! ~f the ~ity of Lakewood, State Of 0~, <br />~i~$ Of all m~e~ sleeted thereto <br /> ~at At lO ae~ed ~ declare' neeessa~~ ~o ~or~v i~. the <br /> t~ :~ Diderot of ~noe are he~e~y auth~l=ed and 6ireoted <br /> ~ Bor~v oueh e~ and to ~aue a note or ~tes'of ~ City Of ~k~od. <br /> <br /> t~ asses~ent8 and the isa~nce of ~nd8 as p~vlded ~y law, <br /> !~ly ~uro~nt to ~d In f~l c~plianoe with ~e 9nifo~ ~nt <br /> o~or to p~vido a fund with v~eh ih V~ the prope~y o~e~g sh~e of <br /> ihs coot and ~penoe of tmp~vi~ ~kew~d Heights ~eva~, <br />· ~en to ~gers ~a~o, ~ oonstruotl~ s~or ~ln In the m~er,p~vide <br />for In the resolution delcaTi~ the neaesaity uf said imp~v~i <br />the ordinance deto~l~ to ,p~oo~ thor~lt~ <br /> <br />Section 2~ T~t 8~d note or ~teo s~ll bo ~ocuted ~d'~etivered in <br />8U~h ~ an~. In such t~o~tion ab ~ be detained <br /> <br /> "City of ~od ~eod ~i~te ~evard Sewer 3ote"~ 8~1 be dated <br /> <br />~er or eaon y~r; s~l ~ve interest oo~ns tO be attaeh~ ~o <br />note ~eari~ the sinai.s ef said Dl~etoz of FianCe ~d s~ll <br /> <br />So. ion ~1 ~aid ~te o% ~t~s o~ll ~e pFeaPzed in the fo~ di~ot~ <br />by the D~Ctor of ~ shall be ~ed by the ~yor ~d Director of <br />Fiance ~d ee~ed with ~e M~or a seal{ o~l e~ms ~on their faces <br />the pu~oae foF w~eh t~ are issued and t~t th~ are l~sued <br />te an~ in complies w~th tho ~lfo~ ~ ~ and t~e prov~elon8 <br />t~8 Ordinance, and s~ll ~e ~aya~le, ~oth ~rlncJ~l a~ ~nterest, at <br />the office of the Director Of Yi~noe,~ood City ~ll,M~,OMo. <br /> <br />2ectlon 4~ ~t the ~n~ so borrowed on said notes, ~oept p~ <br />end ~cc~ed ~nteFest, if a~, ~d a ~ to p~ 2he int~est on said <br />notes prior ~o the Assuage of bonds, ~ ~e plmeed In ~e Clt~ <br />~ ~o the eredit off the ~e~od Heights ~evard S~er ~ln <br />Said s~ of ~n~ IMll be disBu~od upon propeF vouch~ for the pu~ose <br />~oreaatd and fGr ~ ot~er p~ose, ~e pr~ and scored lnterebt,if <br /> <br />prior ~ the lso~nce of bonds~a8 herein provided, 8~ll be tr~ferred <br />the 51~lng ~d Tr~toes to Be applied by t~ in acoord~oe with law, <br /> <br /> <br />