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1 ~! 9 <br />(3) <br />extended and collected. Said tax shall be placed before and, in preference to <br />all other items and for the full amount thereof, the funds derived from said <br />tax levies hereby iequired shall be placed in a separate fund, together with <br />i interest collected on the same, which shall be irrevocably pledged for the <br />payment of principal and interest of said bonds when and as the same shall fall <br />' due, provided, however, that in each year that the assessments anticipated by <br />said bonds are payable and are applicable to the payment of such interest and <br />principal and are appropriated for such purpose, the amount of such tax shall <br />be reduced by the amount 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 safety <br />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 21st day of April , 1969. <br />ATTEST: <br />1 ~~ <br />~~ <br />" ~~ .~ <br />r F" YJ~-~',, <br />M®.#~OR - PRESIDENT OF COUNCIL <br />(SEAL) CLE -TREASURER <br /> <br /> <br />