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2, <br />the i.nterest on the Pore;w.v3,ng issue of borids promptly wylen ami as tle ,apia talls <br />due„ anc3 a1.so to provide a tund sutticient t.a discharge tlio said ser3al bonda <br />at matur3.ty.4 there shsll be an.i is hsreby 1ev3.ad ctn all texable propertg in t,he <br />Vil1age of Nssrt}x QTmsted,, in sdditian fi.o aZ3 other taXes$ adizect tax arnnually <br />duriit the peri.od said bvnds axe ta ruu, 3.n an amount suftieient tw provide funds to <br />pay the iuterest upcrn saic3 bands ss and when the samer sba1,1 taU dttep and alsa tv <br />pr4vide a i"und tor the +disQharge of the principal of eaid seria?l iaonds at maturitY, <br />which tFUr shall not lae leae thsua the intereat and sinking tund tax required by <br />Sectian 11 of Artiola XII of tihe Cs3ustitutian. Provided, bAweF82',, that in each <br />year that the asseesmenta ant3.cipatad by said bonds are payab2e aud are applittable <br />taa the paymmt of such intareat and grinaipsl eiui are appxopriated fcr such Purpose# <br />the amauat of euch tax ahall be reduced b3r the amonnt of the aasasement so apprQ. <br />priated. <br />Said tax she11 bs and is kaerelry ordarad computed$, certifisd, ].evisd and <br />extended Oon the tax dup].icate and c:olleated tyy the same c?ffiaarsl, 3n tha sam <br />manner and at the same timis that tazea tor general purposes for each of aaid years <br />arv aertit36d,# mxtended and aal.lected. Said tax shall be placed beefars and in <br />preference to all otlaor itema and t'or the t"u3l amvnt thersof. The funds dexived <br />fram said taue levies herebyr required, ahall be plaaed in a aeparate and_ diffitiact <br />fund., wh3.ch# tr?gether w3.th #he 3ntereat aoLlerctaci ap the som aha].3, be irrevac+ably <br />p1edged far the paqment of prl.mApal and iaterest of ua3d taands wheu and as the <br />sa?tne fall due. _ <br />Q <br />Se?tion 4. The Clerk is hereby authorized and dirsated to certify a <br />copy of thia ordi.naiaae to the Audit,or of GtWabc?ga Countp„ qhio,, accarding in 1aw* <br />SgctiQn 5. That a11 instaltmeats of said assessments and ail partions <br />thereof# tagether wr3.th 3.ntereet thereoni ahall ba appll.ed to the g4yment of said <br />bond+s ani inLereet, as the.same sha11 become due and to no ather purpvse whatsoe^rer. <br />In the event that the amomat of tx}nds required ta be issued for said i,mpx•ovement <br />shal.l be reduaed by tho caah payment 'Ey the property owners in acr4rdancs with <br />the optia?n included 3s the assessing prd3nencseo suc3h reduction sha].l be acoom- <br />p13.shed bg rsducing aIl of the ger3al ioncis herainabove pzvv3ded for sa as to <br />retain aubataiat3.a]1y ec}ual a.ruaual maturities. <br />SectioA 6. The Clerk U hereby di.reeted to have said londs and ecrupazu? <br />property preparsd snd azecuLed, tc seil the aame acad to depasit the prr,ceed,s ia <br />thf? 'lillage treaaur7 to the creciit o#' the 3e].hnrst iioad Water Improvemmt Feund fear <br />tnp purposa of pa3rine, the cost of said improvement nQt heretafore prov3.ded tcr <br />be paid 'oy said Vil1a?e arid Por which purpose said manoy is hereby apprapriated. <br />Seation 7. That said bvnds sha1.I be firat oYfered at par and aacrued in-