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<br />- 2 _ <br />Said tax shall be and is hereby ordered computed, certi- <br />fied, levied and extended upon the tax suplicate and collected by the same <br />officers, in the sam ma,nner and at the same time that taxes for general <br />purposes for each of said years axe certified, extended and collected. <br />Said tax sha,ll be placed before and in preference to all other items and <br />for the full amount thereof. The funds derived from said tax levies hereby <br />required shall be placed in a separate and distinct f.und, which, together <br />with the in'terest collected on the same, shall be irrevocably pledged for <br />the payment of the principal and interest of said note or the bonds in <br />anticipation of which it is issued, when and as the same fall due. <br />Section 8. It is hereby determ.ined and recited that all acts, <br />conditions and things necessary to be done precedent to and in the issuing <br />of said note in order to make the same a legal, valid and binding obliga- <br />tion of the City of North Olmsted have happened, been done and performed <br />in regular and due form as required by law and that no limitation of in- <br />debtedness or taxation, either statutory or constitutional will have been <br />exceeded in the issuance of said note. <br />Section 9. The Clerk of Council is hereby authorized and directed <br />to forwaxd a certified copy of this ordinance to the County Auditor of Cuya- <br />hoga County. <br />Section 10. This ordinance is hereby declared to be an emergency <br />measure necessary for the preservation of the public peace, health and <br />safety of this City by reason of the fact that the prompt issuance of said <br />note is necessary to provide funds needed to complete the eonstruction of <br />the library building which is necessaxy for the welfare of the inhabitants <br />of the City by reason of the lack of permanent library facilities in the <br />City at the present time; wherefore, this ordinance shall take effect and <br />be in force i,mmediately upon its passage and approval by the Ma.yor. <br />Passed: 1968 <br />? ' ? <br />Attest: 'I ,C.it)l ;'? rV; <br />Maxgare T. West <br />Acting Cle of Council <br /> <br />Franc is J. 4Nl <br />President af Co 1 <br />Approved: / hi 1968 <br />Ralp E. Christman, N1a,yor <br />P'JuA. ? ? , 1? " 6 & <br />. <br />.. , . C)M41UJA <br />..