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Section 5. Thdt all insta11ments 4f ssid assessments arzd all <br />part3ons the reof, tagether with iMterest thereon, shall be applied <br />to the gayment of said bonds and interest as the same shall beeome <br />due and to no 4ther purpvse whatsoever. in the event that the amount <br />crf bonds xequired to be issuQd fcrr sa3d improvement sha11 be reduced <br />by the ca:sh paymient bp the property awners in accardance wt.th the <br />aption included in the assessi.ng ordinance, sucM reductiQn shail be <br />accomplished by reducing al1 0f the serial bQnds hereinabove prvvided <br />for sQ as to retain substantially equa1 annual maturities. <br />Secti.an b. The kuditor is hersby directed to Y?ave said bends <br />and coupons properl.y prepared and executed, to sell the same and to <br />depas3.t the proceeds in the City treasury to the credit, of the I3over <br />Center Raaci Sidewalk Improve-ment Fund fQr the purpase of paying the <br />eost of said impravecnent not heretofore provided to be paid by said <br />City and for whieh purpase said money is hereby apprupria?ed. <br />Seetian 7.ThLit said Bdnds shall be f irst Qffered at par and <br />accrued in'terest to the Treasurer and Offa.cer in char;s of the Sink- <br />ing Fund and if safd Treasurer or Ox'°ficer refuses to take azay or all <br />ol" said Bonds then said 3crnds not sQ taken shall be advertised fQr <br />public sale and sc+lci f.n tlae manner provided by law but f or ncat less <br />than tiae par value and acerued interest. <br />Sectiari $. That thi.s ordinance is hereby declared t4 be an <br />emergency medsure, the emerqency being that it is necessary for the <br />im>nediate preserv-ation of publie health, peace, safety and welfare <br />and shall take effect anci be 3n force from a nd after the earliest <br />periad al.lowea by 1aw. <br />Pi.SL':ILD: April 15, 1952 <br />XTTBST: <br />E. . hristman, er ca ounc . « uagar ner, rei. o.f oune <br />A PPROVELl : <br />larence U. viatt, yor