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before and in pret'erence to a11 other ?tems and for the ful1 <br />aaaunt therecrf. The funds derivec? ?? ??A tax 1evies hereby <br />required, shall be plaaed in a separ??e and distin+?t fund ywh3.ch , <br />together with the interest co:11.eeted on the sam? ??all be <br />irrevacable Oledged for the paymeut o.? pri.n+cipal and 3.nterest <br />af said bond? ??n and as the sama fall due. <br />Sectio? ?, The Clerk is hereby ??thoriz+ed and directed <br />t,o **rtJg-y a tsopy of this ardinance to the Auditor of Cuyahoga <br />Gaunty, Ohio# aecsrdi.ng to 3.aw. <br />Section ?. Tlaat a11 in?tal;iments af sai.d a$???????s and <br />a1.1 psartioas thereof, together with inter?st thereon, sYaa11 be <br />applied t? ??? ?ayment of said bonds and inter??? ?s the ?ame <br />sha11 become due a?nd to no ather purptase whatsoever. In thrr <br />event thaa the amcaunt of bonds required ta be issued for said <br />improvemen? ?ha11 b+e reduced by the cash payment by the parc????ty <br />owners in accordanee w3.th the opt3.c?? ?ncluded in the ass+??sing <br />ordi.nan.ce„ such reduction shal1 be atcomplisk??d by reduoing all <br />of the ser3a1 bonds herainabovs grovided for so as to retain <br />substantially equal armual maturities. <br />Section 6. The Clerk is hereby directed to have said <br />bonds and cvupons pr€??erly prepared and exeouted, ?? ?ell the <br />same and t? ?oposit the pr4ceeds in the City tr??sury tQ ' t?he <br />crodit af the Gsssner Road Water Zmprov?mtnt Fund for the <br />purpcr?? of p?ying the cost of sai+d improvement n?t heretcafore <br />provided tcs ?? piid by said City and for which gurpose said <br />mon+ay is hereby apgrogriated„ <br />Secti+an 7. That said Boncts sha11 be fir?? offered ?t <br />par ans? ??cruod interest to the Tre,?surer and Officor in char?e <br />of the Si?nking Fund and if said lr+?asurez ot' Officer refuses tq <br />take any or a1l af said Bcands then said Bonda not bo Ukon shall <br />be advertis+?d for p?bli? sale and sold i? the aamer pr?vided by <br />law but for nQt less than the par ?ylue an+d ac+crusd interest.