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part of sa3d bonds; provided, hawever, that if said bonds are sold bearing a different rate of interest than hereinbefore specified, sueh bonds sha1.1 bear such rate af interest as may be provided far in the resolu,tion of cc?unci1 appr4ving the award t,hereo£, Princ3pal and interest sha21 be payable at the Naticanal City Bank af Clevelsnd, ahia, North Olmsted Branch, in the Gity of North O3.msted, Obica. Secti.on 3. For the purpase of prc?v3.d.ing the necessary funds to pay the interest an the foregoing issue of bonds pramptly when and as the same falls due, and al.so to provide afund; suffi,cient tca dis- charge th? ?aid serial bonds at maturity, there shall be and is here- by 1ev3.ed on all taxable property in the Gity of North Olmsted } in addition ta a1l cather ta.a?ces, a direct tax annually during the period said bonds are to rUn, 3.n an amount suff i+ci,ent tQ provide funds to pay the interest upan said bonds as ana when the same shal1 fall due, und also tca pravide afund fQr the d,iscbarge e+f the principa1, Qf said serial bonds at maturity, wh3.ch tax shall not be less than the 3.nterest and sinking fund tax required by Seetion 11 ea.£ Artic3.e XIT af the ConstitutiQn. F'ravided, hcrwever, t hat in each year that the assessments anticipated by said bonds are payable and are ap- plicalale to the payment of such interest and princ3,pal and are ap- prapriateel for such purpease, the amaunt 4f such tax ?ha31 be re- duced by the amouut of the assessment so appropr3,ated ? ?aid tax shall be aMd as hersby ordered camputed, ceartified, levisd and bxtended upon t1?e tax dugl.icate and coZlected by ths same officers, in the same maraner and at the aame tirne that taxes far general purgoses for each of said pears are certified, extended and ca11ectert. Said taac shall be plaeed before and in preference to al1 other items and for the full smQUnt thereof. The funda de- rived frnm saici tax levies hereby rsquired, sha1i be placed in a separate and distinet fur•id, whi.ch, together w3.th the 1nterest cQileeLed on the same shall be :Lrrevoeably p1.eaged far the payment of principal and 3nterest 4f sai€1 bonds when and as the same fa1.l due,, Seetian 4« The Clerk is hereby authorized and directted to certify a c4py of this orciinance to the Auditar caf CtFahoga Countp, dhiQ, acce?rd3.ng to law. ?.