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° M S,+cti_, 61 All assessments collected for the improvement afore- said and uaexpeaded~balaace remaining in the fund after the cost and expense of said improvement has been paid shall be applied to the pay- ment of said-note or notes and the interest thereon until both are fully provided for. Section Said note or notes shall first be offered to the Treasurer ~ -tie ~ ~~.ty and so many of the same as shall not be taken by said City Treasurer shall be sold at private sale by the 6ity Auditor, but not for less than par and accrued interest, and the pzoceeds Eros. such sale, except any prem3.um and accrued int®rest thereon and the amount thereof necessary for the piy~snt of interest prier tm the maturity of said note or notes shall be paid into the proper fend and used for the purpose aforesaid and for no other purpose.. Any premium and accrued, interest and the amount necessary for the payment of interest prior to their maturity shall be transferred to the Sinking Fund to be applied in the payment of the principal and interest oasaid note or notes in the manner provided by lax. Section €3. Said note or notes shall be the full, general .~__ obligation:~s of th® -Gity of North Amsted and the full faith, credit an revenue of said ~i.ty are hereby pledged for the prompt payment of the saffie The par value to be received from the sale of bowls anticipated.. by said note or notes sad any excess fund resulting fr®m the issuance of said note ®>r n®tes shall, to the extent necessary, be used o~aly for the retirement of said note or notes at maturity, together with interest thereon, and is hereby pledged for such purpose. Section 9. In the event that such assessments are not levied or bonds are~not-issued to provide a fund for the pay~snt of said note o r notes at maturity, a general tax shall be levied against all of the property of said pity fo r the payment of said note or notes and the interest thereon. 3 ti®n 10 The City clerk is hereby directed to forxard a. certified copy os ordinance to the County Auditor. Se tio~n 11s, This ordinance is hereby declared to be an emer- gency meast~.r-e- t~'~e -®aergency being that it is necessary for the mediate preservation ®f public health, pease, safety and welfare, anal to borrow moneg 3.mmediately for the necessary improvement of a City street that this ordinance be passed at Dace and shall take effect and be ire:force and effect from and after its passage. PASSEAs October ,_„~__,_, 195?. ATTEST: J~- ~~L~~ istman, lark o "tiunc~. Bert - s` ~ esker f esident of Council. APPROVED:. .._: -ar •s ewis, ~ yer ~ ~ .~. s -3! ~ o ~~ ~