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????oof. '??e funds derlved .???m said t?x levies hereby requirod, <br />shall be p1???d in a s$par??e and distinct fund, whieh, together <br />with the intereat co1lected an t??? same shail be irrevocab1y pledgtd <br />f?? the ;payment of principa1 and interest of aa3:e1 bonds when and <br />as the same fa3.l due. <br />???ti?n 4. The Cierk is heroby authorlzeti and directeed <br />to certify a, copy cf this ordinane? ?? the iud:itor of ?uy?boga <br />County, Qhio, acc:ordirzg to 1aw. , <br />8action 5. That Al:L inst?allments of sE3d assessments st?? <br />all portioaa? tL+ereoi', together Ath intere: t thereca, s?-?h.11 bo <br />applied to the payment vf said bvads and interest as the ???? ?hall <br />become due and to no ath+?r pucpose ahatsoever. ?? ??? event that <br />the ?ount of bonds roq;u.ired to be 1ssued fa? ?aid i,mpravement sha1l <br />be redueet1 by the ca?? ??yment by the property cwuers in ac:ct??danco <br />with the option iuclu?od iu the ??sossing ordiaance,, s?ch reductian <br />shall ?e ac:camplisxa?? by reducizz? all of the serial bonds h????n- <br />above prc?vi?ed for so ts to rttaln su??tanti.? lly eq=aal annual <br />mat urities. <br />Saction 6. The C1erk 3. s hereby directed to have said <br />boaads and aoupon4 proper,?y prepared and e??cuted, to se11. the same <br />and to depc?sit the praceecls in ??e Village tr?????y to the cred.it <br />?? ??? Silv??da1e Road W+er ImprOveSea?t Fund NO. 1 f.'or t??o purP03e <br />of paying the cost of said impTavomen? ?Ot teretofc??e p??oAded tp <br />be puid by said Villagot? add for tb.i clz purps??? ?aid a?oney is]tre'by <br />a?pro;?riated, <br />Section 7, T'?at ?ai? ?onds sha1.l be f3rst Offere+d at <br />p?r aa3td ucorued iutorout to the Tro&sur'er and Officor in: char;ge af <br />the Sinking :??? ?nd If ?aid Tressurer cas? Officer re,fusea to tak+? <br />any car a1l oS said. Bond;s ???? said Banda n+at sc? ???? ?hu11 be <br />ad??rtised for publiC aale and sQld ir? ??? manner providod by <br />K? ??t for not lgss than the par val?? and accrued 3.nterest. <br />s+??tion 8. Th&t this ordinance i.stareby doelarod to