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SECT20Ii 4. That for the purpose of pro;Ti.ding the necessar?r <br />fimds to pay the ir_terest on the foregoing issue of bonds, proi:iptly <br />tivhen, a.nd as the same faJ.1s dLte and also to provide a fLm.d sufficient to <br />disch€i..rge -the said serial bonds at maturity, there shall be and is <br />hereby levied on all the taxabZe property in said village of r!?ayfielc7, <br />Ohio, in addit:ion to 211 other taxes, e. diremt tax annuallv during the <br />period said bond.s axe to rLm,, in an amount suf'f icient to prorido funds <br />Uo pay interest upon said bonds as.and ti^rhen the same fa11s due an.d also <br />to provide a fund for the.discharge of the principal of said serial bonds <br />at natura.-L-y, vihich tax shall be not less than the interest and sir-king <br />fund tax required by Section 11 of Article XII of the Consti'uution. <br />Said tax shall bo and is heroby ordered computed, certified, <br />levied and extended upon the tax duplicate and collected by the sariie <br />ofPicers, in •the same manner and at the sfune time tha-t; taxes for general <br />purposes for each of said yeaxs are certiified, extended and collectod. <br />Said tax shall be placed before and in preference to al1 other items <br />and for the fu1l a.mount thereof. The funds derived fxom said taxes <br />1-.ereby requirsd shall be placed in a seperate and distinct f'wnd, which, <br />together wiluh all in•terest collected on the same, sha11 be irrevocably <br />pledged for the payment of the interest and principal of said bonds vJhen <br />rznd as the same shall dall due. <br />SECTION S. That said 'aond.s shall be first offered at par <br />and accrued in-terest to the Trustees of the Sinking Fund ir.t their ef- <br />ficial capacity, and if said T-rustoes refuse to take alzy orxx a11 0f said <br />bonds, -then said bonds not so taken shall be offered at par and accrued <br />interest to the Industrial Commi.sszon of Ohio, and if said Industr:i.a]. <br />Cornrayssion refuses to -ta.ke any or all of said bonds, then said bonds <br />not so ta4en sha11 be advertised for pvblic sale and sold in the mannex• <br />proTrided by 1aiN under the direction of the Finance Committee and the Clerk9 <br />but- not for J.ess than their par value and a,ccrtzed interest; the proceeds <br />from the sale of said bonds, except the premium and accrued intes•est <br />3