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_ F f <br />` <br />- 2 - <br />Section 5. Said tax shall be and is hereby ordered computed, certified, levied <br />and extended upon the tax duplicate and collected by the sam.e o£ficers, in the same <br />manner and at the same time that taxes for general purposes for each of said years <br />are certified, extended and collected. Said tax shall be placed before and in Dre- <br />ference to all other items and for the full amount thereof. The funds derived from <br />said tax levy Yiereby required shall be placed in a setiarate and distinet fund, wnich, <br />together with the interest collecteci on the same shall be irrevocably pledged for <br />the payment of principal and interest on said bonds when and as the same fall due. <br />Section 6. Said bonds shall be first offered at par and accrued interest to <br />tne officer in charge of the }3ond Retirement Fund in Yiis official capacity, and <br />if said officer refuses to take any or all of said bonds, then said bonds not so <br />taken shall be advertised for public sale and sold in the manner provided by law. <br />7'he proceeds from the sale of said bond.s, except the premium, aCCrued interest <br />thereon and capitalized interest, shall be used .for the purpose aforesaid and for <br />no other purpose and shall be allocated to the improvement herein described. <br />The premium, accrued and capitalized interest received from such sale shall <br />be transferred to the Bond Retirement Fund to be applied to the payment for the <br />principal and interest of said bonds, in the manner provided by law. <br />Section 7. The Clerk of Council is hereby authorized and directed to certify <br />a copy of this ordinance to the Auditor of Cuyahoga County, Ohio, according to law. <br />Section 8. This ordinance is hereby declared to be an emergency measure <br />necessary for the preservation of the public peace, welfare and safety of this <br />City, and for the flirther reason that the note of this City issued in anticipation <br />of the bonds herein authorized is about to mature and must be retired promptly <br />with the proceeds of the bonds in order to protect the credit of this City; where- <br />fore, this ordinance shall take effect and be in force immediately upon its passage <br />and signature by the Mayor. <br />Passed: 1968 <br />Attest: <br />??J <br />?'" Florence Ho Clerk of Council _ <br />Approved : .s/g/L? <br />! <br />? f T <br />?,? <br />Francis J. 0'Nei l, President of Council <br />? • <br />Ra h E. Christman, Mayor <br />? ?G? <br />Copy 5 <br />os?? ?/3 j6'V