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Such note ~hall be prel~red by the director ef law and executed <br /> by the mayor and director of finance ~ Bear the seal ~f the corpora- <br /> tion and shall empress upon its face t~ purpose for w~ch it is issued, <br /> ~d t~t it is i~sued p~ant ~o ~his erdina~e~ <br /> <br /> Said note s~ll ~ee first offend to the ~i~i~ F~d Co~ssien <br />ef the Oity of ~ewood for not less t~n ~r and accrued interest, ~d <br />the~ proceeds from ~mch sale ~cept~ ~ ~emi~ and acc~ed interest <br />thorsen ~and'~ount thereof necessary for t~ p~me~ of interest <br />2~ the ~t~ity of Said note) shall Be paid ~to the ~oper ~ ~ <br />used f~r the p~po~es ~oreeaid ~d fcr no ether <br /> <br /> ~id ~te s~ll ~e the f~l gener~ obligation cf the city cf ~e <br />wood and ~e fu~ fai~, credit ~d r~enues of said city ~e here~ <br />ple~ed for the pro~t ~ent of the <br /> <br /> Section $. T~t 2his ordt~nce is here~y ~decla~d ~o Be ~ em~- <br />gency ~s~e for the reasons stated in ~he pre.bls hereof ~d ~11 <br />~ake e~fect and be in force ~diately upon its adoption and ~proval, <br />provided tt receives t~e affi~ative vote of two-thirds of all ~mbe~ <br />elected to the council, otherwise, if adopted~ it s~li t~e effect <br />b:e in force at the earliest time ~lowed by <br /> <br /> ~is Ordinance shall be posted accordi~ to law. <br /> <br />~opted~ January 14,. 1932 <br /> <br />Morris H. Phillios <br /> President <br /> <br />Appreved~ <br /> <br /> A. I. Kauffman <br />Acting ~ay er <br /> <br />A. I. Kauffman <br />C1 erk <br /> <br />RGC:J <br /> <br /> <br />