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Sec. 6. Said note shall be the f'u.11 general obligation of the <br />Vi1l.age$ and the full fai-th, credit and revenue of said Village are <br />hereby p1ed.ged for the promp?t payment oi' the same. The par value to be <br />received from the sale of the bonds an-ticipated by said noLe and ariy excess <br />fund resulting frarn the issuance of said note shall, to the extent necessarry, <br />be used only for the retirement of said note at maturity, together with <br />3xiteres-t therc:on., and is hereby pledged for such purpose; <br />Sec, 7. During the y'ear or years whiZe said note shall run9 -there <br />shall be I.evi.ed on al1 the taxable proper•t;y in -the Village oi Mayfield' Ohio; <br />in addition to a1eZ ot,her -taxes, a diree ? tax annually no ? less than that <br />which would have been levi.ed if bonds had been issued without the prior issue <br />or said note. Said tax shal7. be and is hereby oxdered computed' certified' <br />levied and estlmated upon the tax dupZicate and collected bJ the same <br />officers, in the same manner, and at the same time that taxes for general <br />pu?^poses for each of said yEars are certified, extended and co4lected. Sa:i.d <br />tax shall be placed before and in preference to all other items and for the <br />full amount thereo:£, The funds derived f.rom said tax levies hereby required <br />shall be placed in a separate and distinct fund, which, together wi.fih the <br />interest collected on the same, shall be irrevocably pledged for the payment <br />of the principal and interest of said note or -the bonds in anticipation of <br />which said note is issued, when and as tZ1E same faii auee <br />Sec, 8. The C1erk is hereby directed to forward a certified copy <br />of this dinance to the County Auditor, <br />S ec. 9. This "rdinance is hereby determined to be an emergency <br />measure?, necessary ior._.the immediate preservation of the public peace, health <br />and safety oi said Village by reason of the fact that it is necessary to <br />acquire said property to carry on village functions as soon as possible, and <br />said Urdinance sha1L go into effect i.mmediately upon its passagee <br />Fassed this 19th day of February , 1960. <br />Attesta Mayor - President oi Councz <br />. 7 ? <br />? <br />S : C? k