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Section 9. In the event that such assessments are not levied or <br />bonds are not issued to provide a ~und 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 therefore with- <br />out 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 the <br />same manner and at the same time that taxes for general purposes for each of <br />said years are certified, extended and collected.~ Said tax shall be placed <br />before and in preference to all other items and' for the full amount thereof. <br />The funds, derived from said tax levies hereby required shall be placed in a <br />separate and distinct fund, which, together with the interest collected on <br />the same, shall be irrevocably pledged for the payment of the principal and <br />interest of said notes or the bonds in anticipation of which they are issued <br />when and as the same fall due ~ <br /> <br /> Section 10. The Clerk of this Council is hereby directed to for- <br /> ward a certified copy of this ordinance' to the County Auditor. <br /> <br /> Section 11. That this ordinance, 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 />Passed: June ll, 1971 <br /> <br />Approved~~~ ~. ~ /%'~/ <br /> <br />.... President of Counci / <br /> / <br /> / <br /> <br /> Cle~ of Counsil <br /> <br />Mayor <br /> <br /> <br />