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-3- <br /> <br /> Secti. on 9. In the event that such assessments are not levied or <br />bonds are not issued to provide a fund for the payment 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 taxes 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 irrevocably pledged for the payment of the <br />principal 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 lO. The Clerk of this Council is hereby directed to forward <br />a certified copy of this ordinance to the County Auditor. <br /> <br /> Section ll. That this ordinauce, having 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 />~RESIDEN~ OF ~OUNU'iL <br /> <br />CLERK OF COUNCIL <br /> <br /> <br />