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Said bflnds ahall be of the denomination of $200.op <br />each, excegt Band No* 1which shall be in the denomination of <br />4,230.00; shall bear interest at the rate of three per centum <br />per annum, payable semi-a,nnuall,y on the first days of April <br />and {?ctober of each year and for wliich the prvper interest <br />craupans bearing ata+asimile of th.e signature caf the Clerk shall <br />be attziched ts? and made a part of said bonds; prc?vided, however, <br />tha.t ig saic? bonds are sold Uearir;g a different rate of interest <br />than hereinbetore specified, such bonds shall bear such rate tat' <br />interest as may be prcavided for in the re$olutiran of counci1 <br />approving the award thereof. Frincipal and interest sha7.1, ?e <br />payab1,e «t the National City Bank of Cleveland, Ohio, North <br />O1mstecl Branch, in Lhe City of Ncrsth O.lmstedy flhio. <br />Sectian 3. Far the Furpose of provid3,ng the necessary <br />fund, to pay the interest on the faregoing issue of bc,nds promptly <br />when and as fi.he saan+e fa13.s du€, ?nd also tQ provide afund suf'fi- <br />cient ta discharge the sai3 serial bonds at matuarity, there shall <br />be and is hereby levied on all taxable property in trae City of <br />North Ulru,ted, in addition tca a1l othsr tsxes, a direct tax annv.ally <br />durinL the pcriod said bond.s ara tn run, in an amcrunt sufficient to <br />proviae funds tc? pay ths interest upon said bonds as a,rici wlaen the <br />same s1ia11 fsll d?e ? and also to grov3,de a fund for the dischar?e <br />of the principal of saia ser3.a1 bonds at maturity, wliich tax shall <br />n?ot be less ttian the i.nterest and sinkiratg fund required by <br />Sect3on 11 of Article III of Che Constitution! Providedt hc,wevar, <br />that in eaah year that the asaessments anticipated by said bcrnd.s <br />are payable ana area a,pplicable to the paymeAt of such intsre??t and <br />princ3.pal and ars t&ppropriated f'ar such purpose, the arnouAt of, <br />such tac shall: be. reduced. by the amsunt of the assessment so <br />appropr3ated. <br />Said tax shall be and is hereby ordered computed, corti- <br />f3.eci, .Ievied and extendgd uj:;on the tax duplieate and collected <br />by the same afFieers, 3.n the same mazsrzer and at the sasne time <br />that taxes for genera1 purposed for each of said years are certi- <br />fied, extenried and callected. Said tauc shall be placed befare