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.? <br />- 2 - <br />Section 7. During the year or years such note runs there shall be <br />levied on all the taxable property in the City of North Olmsted in addition <br />to all other taxes, a direct tax annually not less than that which would have <br />been levied if bonds had been issued without the prior issue of such notes. <br />Said tax shall be and is hereby ordered computed, certified, <br />levied and extended upon the tax duplicate and collected by the same officers, <br />in the same manner and at the same time that taxes for ger.eral purposes for <br />each of said years are certified, extended and collected. Said tax shall be <br />placed before and in preference to all other items and for the f?a.ll amount <br />thereof. The flznds derived from said tax levies hereby required shall be <br />placed in a separate and distinct fund, which, together with the interest <br />collected on the same, shall be irrevocably pledged for the payment of the <br />principal and interest of said note or the bonds in anticipation of which it <br />is issued, when and as the same fall due. <br />Section 8. It is hereby determined 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 obligation <br />of the City of North Olmsted have happened, been done and performed in <br />regular and due form as required by law and that no li.mitation of indebted- <br />ness or taxation, either statutory or constitutional will have been exceeded <br />in the issuance of said note. <br />Section 9. The Clerk of Council is hereby authorized and directed <br />to forward a certified copy of this ordinance to the County Auditor of <br />Cuyahoga 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 purchase of the <br />garbage truck from the proceeds of the note herein authorized is urgently <br />necessary to permit the efficient collection of garbage and refuse and <br />thereby protect the health of the inhabitants of the City; wherefore, this <br />ord.inance shall take effect and be in force irrmdiately upon its passage <br />and approval by the Mayor. <br />Passed:? (p , 1968 <br />Atte st : _?'X <br />Clerk of Council <br />.,, . , <br />Presiden o Council <br />Approved : 1968 <br />? • <br />Mayor <br />/ <br />?