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Fvr the payment of sa:.d princ1pa1 and said interest cQupQAs thereta atts?ched, the full :t'aith and crsdit of tho C4uncil o? ttze Vil;Lage of Borth C31msted is h+ereby pledgedw n-l c?? ? Far the purpose of providing the nece??ary funds ta pay the 2`3 eresE C>3'3. '?'.he ft3reg+t3it3g iss13e of bonds pr(3mj3tly V4hen and as the seume f'a3].s due, and alscr to prvvide a fund suf'fic3.ent t4 discharge ??? said seria1 bonds as maturityp to.ere sha1l be aad is herebg 3.etried pn ali the taarab2e property in the Viilage of North Olmsted, a direct taa annua11y r3?ring the per3.aa said bonds are to r?? ?? ?n amount suffi- cient to provi?? funds ta pay interest upon ?s&id bor?d$ as an+d wheu the s?e fa?,ls due# and a?1st? tta pravic?e a futad. ftar the d9.?charge o.? the r?c:? ?sl o?' s€?id serial bc?r?ds at mat??.ty, ww??ich t?.?c s?aal?. nc?t be ?ess t?an the interest und sinking 2`unc? ??? required by Sectic?n 1.1 of Article Xil of tt?e Constitution. j+?? ?? ? Said taac sh?.1:? be ?d is ?.??reb? cardered, cc??.puted, c:erti- e x ?.?e?+a t?+? e=t?d+?d upt?n the ta?c dupicate, and ccall+??ted by th:e same +?fffi.cer in the same manner and at the saae ti?? ?hat taxes far general purposes for each of said years are eertified, ext+?ended anii ?ol1ected. Sa3.? ?ax sha3.l be placed befi4re a.ud in prtference to all +???er items, and for the ful1 amount therecaf, Th+? ?unds derieed: f'rar? ??ch tax levies hereby requirod sha3.l be p1aced in a se arate and dls- tinct fund, which, together ??th the interest colle+ated c?n tte s&me, ?ha1l be irrevocably pled??d for ??? ?ayment of prineipal and anterest of said bcads when a?d as the same fa1l tlue. ? eli,on b. Ths said bcands shail express upon t6eir face tue purpcase -fdr wh.c they are is;.hued, that they are issved in pur?uauce of this orciinance and shall "be signed by the liayor and C3erk,, a?? ??aled with the corporate sea1 of ??id Village. Ttae interest eoupans attach:ed ta ?aid barads shall faear tw. facsimi1e si???ture of the Yi1lage C1erk= Sa{?,ic? 'y br?a?rgis shqa3:3. bear such cc???secut?.ve numbers as t?.e ''illage C?.erk! 7i?i:?all deLivi?.lne4 Ctio-c-6. Tha?, said b+?nds sh?.11. be fi?°st o?"?'ereci at ?a?.r and accrued ? teros .c? the Treasur+?r and Qfficer i? charge of the Sinking I"und bnd lf said Treasurer and Officor refa?ses tca take any or all eaf said bands, then $aiEi bo7??s vw% So taken sha11 be adve?itised f'oT puhlic sa1e ?..nd sQ3.?. i?a tbe manner pravided by l?.wo but? nr?t fc?r 1ess than ? their par valu? ana a+CCrued interestg t?ae bc;nd sa?.e adveartisem+?nt sha1?. state tta?i'? ??' c??te des3?ei? tt?dcs sa, mgy ;present a bid or bi?s for such bonds b$sed u;?on their b+earing a different rate of interest than hereinbeforo f#.xedo providodp howevert that whsre a faractianal interes€ rate is bid, such fractiam sball be one-*aaert*r of ane per cent or mu:ltiples thereaf; the praaee+at#.s fram the "le of said bonds, except ths preaium and ater?od 3.Aterest shall be us+?d fear the purpose afQresaid arad for no otiier purpose. 6 c' ion-3s The ilillage Clerk is hereby directed to forward a corti- -tied capy or th#. s Ordi3nance ta th,:: County Au8itor. :'a.??.lou.«?A Ihis Ordinance i? ???eby declared to be an emergency measure necessary for the pu'blic ??alth pe??ce ?d sat`ety atx£i ta pr?aride? ?.?ediately fc+r the ?°aisia?g of ?cney for the purchase o#" motor veh3c1es necessary in the operation of the itunici?al Bus Line. passed' April 17jo 1951 A,.tests E, ?;Chri???au„ !?ieric Claren+ce Oviatt, iiaqcar