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. 2, ing the arrard thereof. Principal and interest shall be payablm at the Bank of Beres Coypany, North 0]mtad Branch, in the ViLtage o! liortb Olmstsd,, Ohio. Section 3. For the purposa of pravicling ths necessar7 lunds to pay the izitereat on the foregAing issue of bonda promptly when and aa the same talla dus, arid alao to provide a fwad sufficieat to dieaharga the said aez3al bonals at maturity, there mhall be and is bereby levied on all tagable pmperty in the Dillage of North Olymsted, in addition to all othsr taxes, a direct tax annnally during the period aai&_:banda are to rua, in an amount sufficient t,c provide fwida to pay the iittersat npon said boncis as and xhen the same aha11 tall duas, and alao to provide a fupd tor the discharge of the principal of said ssrial bc>ads at me?turity, which tax shall not be less than the iaterest atid sirking Pund tax required by Section 11 of Article YII cf t he ConstituttQn. Provided, however.. that in each year that the assessmsntie anticipsted by said bonds ara payable and are applf.cable to the payment of sueh interest ar?d principal aad are appropriated for such purpose, the amount of sneh tax shall be reciuced by the amomAt oP the assess- ment ao apprc+priatsd. Said tac shall be a,nd is hersby ordered computed, aertilisd, levied and extsr;ded upoa the tax dnplicate and collected br the saue otficersp ia the sams manner and at the aam tiiae that taxes tor geaeral purpcsaa tor each ot aaid years ars emrtified, extendsd and eolleeted. Said tauc sha11 be plaeed before and ia prefereACe to a11 other item and tor the luli aapuat thereof* The f'umds dmrived from eaid tauc leviea herebV required, aha11 be placed in a eeparate and diatinck ftuid, vUch, tc>gethsr xith the interest co1leated on the same ehall be irreweably pledgsd tor the payment of principsl and ietereat of aaid bonda when and as the sams fa11 due. Ssction 4. The Clerlc is hsreby authorized and diracted tc certity a copy of thfs ordinaQce to the Auditor of Cupraboga Connty, Ohio, according tc law. Section 5. That a].1 installments oi sa3d asaeasments aAd all portions thereof, together with intereat therec>n, ahall be app,lied to the payaeut ot said bonda and interest as the same shall bscorae due and to no othsr purpose whatau- erer. In the svent that the aaouut of bonds re(N.tred to be issued fcr said imprvvs- aent ahsll be raduced ty the eash pqymant of the property orners in acec>rdance xith the option inaluded in the aasesaing ardinance, $uch rsduction shall be accoa- plished by reducing all of the serial bonds herei:nabove provided tor sa as t,o ra- tain sabatantially equal sunxual matnribies. Section b. The Clerk is hereby directed to have aaid bonds and conpone proper],p prepared and e,xecutsd, tc? sell the same and t.o deposit the proceeEis in the Village treaeury to the crsciit ot the Silverdale Rosd Water Improvemectt Fund No. 2 for the ptirpoae of paying the cost of aaid improvownt not haretotore pro- ?_--