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<br />-z- 69- 1x33 <br />Said tax sha11 be and is hereby ordered computed, certified, levied and <br />extended upon the tax duplicate and collected by the same officers, in the sams <br />manner and at the same time that taxes for general purposes for each of said <br />years are certified, extended and collected. Said tax shall be placed before <br />and in preference to all other items and for the full amount thereof. The <br />funds derived from said tax levies hereby required shall be placed in a separate <br />a nd distinct ftiind, which, together with the interest collected on the same, <br />shall be irrevocably pledged for the payment of the principal and interest of <br />said note or the bonds in anticipation of which it is issued, when and as the <br />same fall due. <br />Section 8. It is hereby determined and recited that a11 acts, conditions <br />and things necessary to be done precedent to and in the issuing of said note in <br />order to make the same a legal, valid and binding obligation of the City of <br />North Olmsted have happened, been done and performed in regular and due form <br />as required by law and that no limitation of indebtedness or taxation, either <br />statutory or constitutional will have been exceeded in the issuance of said note. <br />Section 9. The Clerk of Council is hereby authorized and directed to <br />forward a certified copy of this ordinance to the County Auditor of Cuyahoga <br />County. <br />Section 10. This ordinance is hereby declared to be an emergency measure <br />necessary for the preservation of the pub 1ic peace, health and safety of this <br />City and for the further reason that the immediate purchase of these buses is <br />neeessary to maintain the adequacy of service and resultant public acceptance <br />of the City's coach line and thus protect the City's investment; wherefore, <br />this ordinance shall take effect and be in force immediate],y upon its passage <br />and approval by the Mayor. <br />Passed: , 1969 <br />Attest: 7:Q? SA..) <br />Florence Holm <br />Clerk of Council <br />(Wr,-C&JeLk??- <br />S <br />President of Council PRo Tr, <br />Approved: 1969 <br />.dALAL?' <br />alph E. Christma,n, Mayor <br />?Z? <br />r.Z uti <br />? <br />?0 6+-Q s '2? ` 6q