Laserfiche WebLink
Ordinance No. l~51 <br />Py' ll~r ® Scheuring <br />Sec. 8. Said notes shall be the full g~ <br />Village an~he full faith, credit and revenue o: <br />pledged for the prompt payment of the same. The <br />from the. sale of the bonds anticipated by said n~ <br />resulting from the issuance of said notes shall, <br />be used only for~the retirement of said notes at <br />interest thereon, and is hereby pledged-for such <br />natal obligations of the <br />said Village are hereby <br />par value to be received <br />tes and any excess fund <br />to, the extent necessary' <br />maturity, together with <br />purposed <br />Sec. 9. In the event that such assessments are not levied or bonds <br />are not issued to provide a fund for the payment of said notes at maturity, <br />a general tax outside of tax limitations shall be levied against all of the <br />property in said Village for the payment of such notes and the ih~ierest thereon. <br />Sec. loo The Village Clerk is hereby directed to forward a certified <br />copy of this ordinance to the County Auditor. <br />Sec. 11. This ordinance is hereby determined to be an emergency <br />measure, necessary for the immediate presere~ation of the public peace, health <br />and safety of such Village by reason of the fact that it is necessary to <br />complete said improvement during the present season, and said ordinance shall <br />go into immediate effect upon its passage. <br />Sec. 12. Existing Ordinance No. ?~i~.7 is hereby repealed effective <br />as of the a e of the passage of this ordinance. <br />Passed this ~th day of November, 1953® <br />Attest: <br />~Gr~ ~ ~ ,~~rc <br />yor - psi en o ounci <br />SEAL C ark <br />