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and the rebate of certain excess earnings from the investment of the <br />proceeds to the United States. The Director of Finance and other appro- <br />priate officers are hereby authorized to make any such rebate or rebates <br />of such excess investment earnings and to take such other actions and <br />give such certifications on behalf of the City as may be appropriate for <br />the purposes aforesaid. <br /> <br /> Section 6. The Notes shall be the full general obligations of <br />the City of Lakewood and the full faith, credit and revenue of said City <br />are hereby pledged for the prompt payment of the same. The par value to <br />be received from the sale of the bonds anticipated by the Notes and any <br />excess funds resulting from the issuance of the Notes shall, to the <br />extent necessary, be used only for the retirement of the Notes at matur- <br />ity, together with the interest thereon, and is hereby pledged for such <br />purpose. <br /> <br /> Section 7. In the event the assessments are not levied, or <br /> bonds are not issued to provide a fund for the payment of the Notes at <br />maturity, during the year or years while the Notes run, there shall be <br /> levied on all the taxable property in the City of Lakewood, in addition <br /> to all other taxes, a direct tax annually not less than that which would <br /> have been levied if bonds had been issued without the prior issue of the <br /> Notes. Said tax shall be and is hereby ordered computed, certified, <br /> levied and extended upon the tax duplicate and collected by the same <br /> officers, in the same manner and at the same time that taxes for general <br /> purposes of each of said years are certified, extended and collected. <br /> Said tax shall be placed before and in preference to all items and for <br /> the full amount thereof. The funds derived from said tax levies hereby <br /> required shall be placed in a separate and distinct fund which, together <br /> with the interest collected on the same shall be irrevocably pledged for <br /> the payment of the principal of and interest on the Notes or the bonds <br /> in anticipation of which they are issued, when and as the same falls <br /> due; provided, however, that in each year to the extent that revenues <br /> are available from other sources for the payment of the Notes and bonds <br /> and are appropriated for such purpose, the amount of such direct tax <br /> upon all of the taxable property in the City shall be reduced by the <br /> amount of such revenues so available and appropriated. <br /> <br /> Section 8. It is hereby determined and recited that all acts, <br />conditions and things necessary to be done precedent to and in the <br />issuing of the Notes in order to make them legal, valid and binding <br />obligations of the City of Lakewood, will have been done and performed <br />in regular and due form as required by law; and that no limitation of <br />indebtedness or taxation, either statutory or constitutional, will have <br />been exceeded in the issuance of said Notes. <br /> <br /> Section 9. The Clerk of Council is hereby directed to forwsrd <br />a certified copy of this ordinance to the County Auditor. <br /> <br /> Section 10. That the Mayor and Director of Finance, or either <br />of them, are authorized to prepare, execute and deliver to the original <br />purchaser of the Notes a preliminary and final Official Statement or any <br />other appropriate disclosure document in connection with the sale and <br />delivery of the ~otes. <br /> <br /> Section 11. It is found and determined that all formal ac- <br />tions of this Council concerning and relating to the passage of this <br /> <br />-3- <br /> <br /> <br />