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3~i© 6 All assessments collected for the improve~:nt afore- said and uue=pended balancm remaining in the ft~d after the cost and expmase of said improvement has been paid shall be applied, to the payment of said note or Hates and the interest thereon until both are fully provided for. ~ectios Said note or notes shall first be ®ffered to the Treasurer e-t~e ty and so many of the same as shall net be taken by said City Treasurer shall be smld at private sale by the City Auditor, but Hat for less than par and accrued interest, and the proceeds from such sale, except any premium and accrued interest there®n sad the amount t.hereef necQSSary for the pays®at of interest prior to the maturity of said note or notes shall be paid into the proper fund and used far the purp®se aforesaid and far aA other ~rpose. Any premim~ ate. accrued interest and the amount necessary f®r the pay~emt of interest pri®r to their maturity shall be transferred to the Sinking Fund to be applied in the pays~nt of the p rincipal and interest oa said nmte or notes in the manner provided by lam. S~ctie~a ~ Said note or notes shall be the full, general. obligations -oi~-t~e -~3.ty cif forth Olmsted sad the full faith, credit and revenue of said City are hereby pledged far the prompt pay~aent of the same: The par value to be received from the sale of bands anticipated by said n©te ®r notes sad any excess fund resulting from the issuance of~said note or notes shall, to the extent necessary, be used Daly for the retirement of said note or notes at maturity, together with interest there®n, and is hereby pledged for such purp®se. 3~ectioa 9 Sn the event that such assessments are not levied or bonds are -not -issued to provide a fund for the payment of said note or notes at maturity, a general taz shall be levied against all of the property of said City for the payment of said note or notes an .d the interest thereon.' ' •ti,~n,l® The City ~.erk is hereby directed to forward a certified dopy -ofs ordinance to the County Auditor. Sect ^c~n 11 '~ This ordinance is hereby declared to b® an emer- gency ffieasu~-e, t e-~cergeacy being that it is necessary for the late preservation of public health, peace, safety and welfare., and to b®rraw money i~edi.ately for the necessary .improvement of a C~.ty street that this ordinance be passed at once and shall take effect and be in force and effect frogs and after its passage. PASS~z October / , 195?. ATTI+;ST _...-'~ '' hristman, er o 0unai A,PP`R.OVED ~~,,,, ~har es . ewis~ yor .~ ~ .~ n .~ ~ o ~~ - (~' - of . Council,.