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~c~~: <br />(3) <br />taxes for general purposes for each of said years are certified, extended and <br />collected. Said tax shall be placed before and in preference to all other items <br />and for the full amount thereof, the funds derived from said tax levies hereby <br />i required shall be placed in a separate fund, together with interest collected <br />on the same, which shall be irrevocably pledged for the payment of principal <br />and interest of said bonds when and as the same shall fall due, provided, however, <br />that in each year that the assessments anticipated by said bonds are payable <br />' and are applicable to the payment of such interest and principal and are appro- <br />priated for such purpose, the amount of such tax shall be reduced by the amount <br />of the assessment so appropriated. <br />Section 9. The Village Clerk-Treasurer is hereby directed to forward <br />a certified copy of this Ordinance to the Cuyahoga County Auditor. <br />Section 10. This Ordinance is deemed to be an emergency measure, <br />necessary for the immediate preservation of the public peace, health, and <br />safety for the reason that the proceeds of the sale of said bonds are immediately <br />needed to retire an outstanding note of the Village about to become due and <br />payable, and thereby preserve the credit of this Village. This Ordinance shall <br />therefore be in full force and effect immediately upon its passage as an emergency <br />measure. <br />Passed this - 2l day of April 1969. <br />ATTEST: <br />.'~'r`~ ~ <br /> <br />' ~~ ~~/ I~YOR - PRESIDENT OF COUNCIL <br />(SEAL) CLERK-TREASURER <br /> <br />