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oHD. #400 Pge. 2 tax shall no'v be less than the in,,erest and sinking fund tax reouired bJ Section 11 of ArticlP kII of t-he Constitution. 7aid tax shall be and is hereby ordered computed, certified, levied and extended upon the tax duplicate, and collected by the sa.me of- ficers in the same manner and at the same tinie that taxes for general pur- poses for each of said Jears a,re certified., extended and collected. Said tax sha11 be pl.aced before and in preference ?o a11 other items, and for the full amount thereof. The funds derived from such tax levizs hereby reauired shall be placed in a separate and distinct fund, which, together with uhe interest col.lected on -the sarne, shall be irrevocably pledged for the payment of principal and interest o:' said bon(is when and as the same fall due. The said bonds shall express upon their face the purpose for which tlley are issued, that they are issued in pursuance of this ordinance and shall be sij;ned by the r:ayor and Clerlc, and sealed with the corporate seal of sa,id Village. Tlie interest coupons attached to saiu bonds shall bear tlle facsimile signature oi' the Village Cler?. Said bonds shall bear such consecutive r.umbers a.s the Village Clerk shaL1 deterr:2ine. That said bonds shall be first offered at par and accrued inter- eat to the Tr-stees of the Sinking Fund in their ofiicial capacity, and 2f said trustees refuse to take any or aly of said bonds, then said bonds not taken sha11 be advertised for public sale and sold in the manner provided by law but not for less +han th.eir par va.lue and accrued interest; the bond sale advertisement sI1al1 state that anyone desiring, Lo do so, mav present a bid or bids for such bonds based uLOn t heir bearing a different rate cf in- terest than hereinbefore fixed, provided, however, that where a fractional interest rate is bid, such fraction shall be one-quarter of one per cent or multiples thereof; the proceeds fram the sale of said bonds, except the prem- iizm a:)d accrued interest shall be used for the purpose of aforesaid and ior no other purpose; the premium and accrued interest received from such sale and the amount oi saic: bonds issued for interest snall be transferred to the Trustees of the ainkins F'und Commission to be applied by them in the payment of the princi-oal and interest of said bonds in the manner provided by law. The Village L;1erk is hereby directed to forward a certified copy of this ordinance to the County Auditor. That this ordinance shal:i take effect and be ir force from and after the earliest period allotved by lawo I'ASSED: November 17, 1931 ATTEST: E. id, Ghristman, Clerk C. A. :')eltzer Mayor and President of Council