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for the purpose aforesaid and,for no other purpose. The premium and
<br />aacrued in:Verest, if any,shall be transferred to the Sinking Fund
<br />Trustee.s_ to, be appli.ed,,_by, them; in accordance, with lavr.
<br />•,??,:.. E,., . .3? . , ,., ?.r , ?. . : .
<br />SECTION 5. The proceeds of bonds hexeby, deter.min:ed-to. be
<br />issued in anticipation of the collection of assessments f'or said im- ?
<br />provement and a1Z of the assessments coliected for said improvement, .
<br />shall be applied to the payment of the note and interest thereon until
<br />both are fully paid and thereai'ter sa;id.assessments shall be applied to
<br />the payment of said bonds and interest thereon.
<br />- SECTTQN 6. t That the faith; revenue and cr-edit of the Village
<br />of IuIayfie7.d. ,are her?by ple.dgedr f'or the prompt pay?,?ent of both -prin.cigal
<br />and??intereqt of _the note herei:nbefor=e -described in accor_clance with the
<br />lawsand con?titution of . the State of,,,Ohio., ._; ,-
<br />--r ._ , . ?, . . . . ,. . • ' •
<br />.. _; e
<br />SECTION 7,. . Zf for aiiy reason,the assbssments for -said im-
<br />provement shall- not be levied ;or _sYiall not bei collected or paid,. -or bonds
<br />shall not be issued in anticipation of the eolleetiors of sai&-assessments,
<br />the, and in that event, theres,,hall be, and is_ :hereby -br der.ed- to be- .levied
<br />? on all., _the taxable p.roper?ty •in thez Village, of. May?'ield, in ad,dition to a11
<br />other taxes, a direct tax sufficient to provide f'unds for the payment of
<br />the principal a.nd interest on said note. Said tax shall be and is hereby
<br />orde,rod computed,-eert.ified, levied and_extended_-upon the tax duplicate -
<br />and collected by the same officers, in the s,ame manner and at the same
<br />time .ti-ae that taxea ior general purposes,are certified, extended and co16
<br />lected.. The proceeds from- said taxes. sha11 be placed in a. seperate'- and
<br />distinct fund and us,ed only for the payment of sai-d.-_note. :
<br />SECTION. 8- This,, or,dinance 3s hereby declareci 'to becan emer--
<br />gericy m9asur.,e,; nec,ess,!?ry fqr,-the:-imznediate protbct-i:on of. -the: public health,
<br />peace and safety., apd _ sha11 'Llake effect;; and be in•. f'orce' from and' af ter
<br />the.:,eaxlie# p:erio,a_ aiioyjed by_lp6.vK.: --
<br />? -
<br />Passed: Oetober llth• l926.?.? : -, ?: •? ?. .---
<br />-- • ' - - ` ?_`- ? ' ,
<br />04c, A
<br />' ayor._and resident of the Counczl
<br />_ ATTEST: ;, .?. _ . _
<br />- - •? : - - - - ? . .-
<br />? ; , _ . . _ . •. : • ?
<br />Clerlt. of, the -Coune?.le --
<br />. -, - _, ? , , .y•, t.. . ? ? ?'-. _ ?r? ' -- ' c
<br />I hereUy certify that the .forogoing, ordinarice was published
<br />on October 12th 1926, by pbsting true copies thereof at five of the most
<br />public,p],aces ir? the,Vs7.l,age-:of-;Mayfie.Id, as_required-by ordinance."
<br />'
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<br />. ` ( --• - .. _ _, ._ 0 " . _.
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