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¸'3- <br /> <br /> Section 9. In the event that such assessments are not levied or <br />bonds are not issued to provide a fund for the pa~nent of said notes at <br />maturity, a general tax shall be levied against all of the property in said <br />City for the payment of such notes and the interest thereon; Provided, how- <br />ever, that during the year or years while such notes run there shall be <br />levied on all the taxable property in said City, in addition.to all other <br />taxes, a direct tax annually not less than that which would.have been levied <br />for the City's portion of said notes, if bonds had been issued therefor <br />without the prior issue of said notes. <br /> <br /> Said tax shall be and is hereby ordered computed~ certified~ levied <br />and extended upon the tax duplicate and collected by the same officers, in <br />the same manner and at the same time that t~xes for general purpose for each <br />of said years are certified, extended and collected; Said tax Shall be <br />placed before and in preference to all other items and for the full amount <br />thereof~ The funds derived from said tax levies hereby required shall be <br />placed in a separate and distinct fund, which, together with the interest <br />collected on the same, shall be irrevocablypledged for the payment of the <br />~rincipal and interest of said notes or the bonds in anticipation of which <br />they are issued when and as the same fall due. <br /> <br /> Section 10. The Clerk of this Council is hereby directed to forward <br />a certified copy of this ordinance to the County Auditor. <br /> <br /> Section 11. That this ordinance, ~ving been declared to be an <br />emergency measure, shall be in full force and effect from and immediately <br />after its passage and approval by the Mayor. <br /> <br />Passed:~ Nmy 6: 1968. <br /> <br />Robert E. Wendling <br /> <br />PRESIDENT OF COUNCIL <br /> <br />Approved: <br /> <br />May 6, 1968 <br /> <br />Grace Reynolds <br /> <br />CLERK OF COUNCIL <br /> <br /> Robert M. Lawther <br /> <br />MAYOR <br /> <br /> <br />