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and collected. Said tax shall be placed before and in preference to all nther items and for the f°ull amount thereof. 7.`he funds deriveci from said tax leview hereby requ3.red, shall be placed 3.n a aeparate and distinet fund, which, together with the interest collected on Ghe sarue sha11 be irrevocably pl.edged for the pay- msnt af principal ana 3.ntsrest of said bands when and as the same f51l dLi43 r Section 4. The C1erk is hereby authoriaed and direated tQ certi.fy a copq of this ordinance to the Auditor of Cupahoga Gounty, Uh3o, acearding to law. Sectian 5. That a11 installments of said asseasments and a1I port3.ons thereof, to ;ether with interest thereon, sha7.l be applied to the payment of said bcrnds and interest as the same shall became due and to n4 other purpose whhatscaever, In the event that the amount of bvnds required to be issued for said improvement shall be reduced by the cash payment by the propertq owners in acce?rdarice with the aption included in the asses$ing ordinance, such reduction sha11 be accomp7.ished by reducing all of the serial bonds hereinabove provided for so as to retain sub- stantially equal dnnual maturities. 5eetion 6, The C1.erk is hereby directed ta have said bonds and coupons proFerly prepared and executed, to sell the same and to depasit the proceeds in tMe City treasury to the credit of the Porter Roati Water Zmprovement Fund for the purpose of paqing the cost o£ said 3,mprovement not heretofore provided ta be paid by sai.d City and for which purpase s$id money is hereby appropri- atE3d, Section 7. That said Bonds shall be first affered at par and accrued interest to the Treasurer and 4fficer in charge of the Si.nking Fund and if sai.d Treasurer or Officer refuses LQ take any ar all of said Bands then said Bonds npt so taken shall be advertised for public saSe and sald in the manner pravided by law but for not less than the par value and accrued 3.ntersst.