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*' L, <br />8ectiaet k. ]Or the purpose ot providins the necesssry hmds to pqy the <br />iaterest ou the tcregoiag issue of boods pzoM 3y ribaa aad as the saae !a]1s due, <br />aeid a],so to prOriBe a luod sutticient to discharo the ssid serisl boad- at rturity, <br />tlkre slfail be and is Lereby 1evied cn the LgOaDlA property in the City o! lbrt6 <br />QLwsted, in additio4 to all other taxee, s diract tac am?vsUj? durias the Period <br />ssid bonds are to rum ia an amount svdlicieot to prvri8e i'uods to pyr the ioterest <br />upoo said bads ss md vhen the we lall due, an8 alao to provide a luad for the <br />diacbasfe of the principal af said seri4 Donds at maturity, rhich tauc aball nat <br />be lasa tboa the iacEerast and siatitM ivod tax required bW Bectian 11 0! Article <br />ZII at the Coostitutiian cs Chio. lrovrided, botiever, tbat in eacb year vbea the <br />eswart• antiei,pated bp/ soid boodr ats ta?iL'aL !ae the ps7mont of such boods <br />aOd are aWopriated tvs' sncL purpo", the womt Of suah tMOC sball be re&wed <br />bpr the voaet ct the assesraeets so appropriated. <br />eectioei 5. Oaid taz Wsll be and is Dereby oar8ered Computed, certified, le.wied <br />sod exten8sd upon the tsx duplicate aad colleeted by the own oMcers, in the saoe <br />rmner and at the are tir thst taxes lear paeral purposes lar each of said yesrs <br />are oertilied, ezteobed aod collrected. AsiQ taoc sbsll bo pla?ced betore and in <br />preftrenee to all ather iteaa and !or the !'ull amonat tLmv?. 9w iunds deMrcd <br />lrom ssid taa lon hereb0r required shall be pL?esd ia aseparate and distiac t lund.. <br />Mtieb, t?opt.her xith the interest coL]rected oo the sne sball be irrerocably pledged <br />!os the pyreat oz priacipal aud interest on aid boo?s vbtn aad as the sme <br />fall due. <br />ftctian 7. said bonds sball bo iirst attored at par mA accrwd interest <br />to the a["lieer iri cbarp of the Dmd Aetiremat lbnd in Isis o!lieial caWit7, <br />med if aaid o!licar raiuaes to tWte oW os a11 od' a?id bodds tbsn taid boods ao <br />so talcrsa a6a11 be adrertised ior pubiic sa7e and sa1d io the rmier provided bY <br />Lv. 'me prOcseds !'ros the aala os said bottds, exoeDt the prsodm aud aaertrd <br />inftrert thssr0a sLall be wssQ !or the pnlw el+oressia aud for ao other purpooe <br />and be alioeated to the saproswent bereia Gaseribed. <br />1!a prerinm, aad secruad iates st rsaeiirsd f'rft wiob sale sbLll be trsnsterred <br />to the DOW fttlreoent Fuod to be appll&d Lo the pqWM ot the prioeipal and <br />1aR.es+est of sald b0eds, in the rtmes prov1as0 b,y L?v. <br />Oaetien 8. Tt is herebp? 8etermi3wd tlat all acts, cooditioas aod tbiap necea- <br />to to <br />waka tbu ledal, vslid andbiadias obliptioos of the City bs" been perfwmd <br />i=t segular and due foria v requirad b0? lxr3 that the lbll faitb, credit and revenue <br />of add Citr aball be and are bereby irra°roably p1efted for the parompt pslment <br />af the priacipal aod interest thereet at rtturity; md tbat Ae liaitation c2' <br />inftbtednesa or texNtioo, Qitler statut.otY Or coostitutiooal, vill be ooceeded <br />la isWing *lid boods. <br />eectien 9. Se clerlc ar eomcci.t is hereby wtaorisad end dimtea to <br />certity s coqy of this ordinmce to the Awdit.or ot CtWeboo Covat7, Mio,, <br />acaordiag to Lv. <br />2 <br />1-i <br />_,..... ?- ??sa?.w-t ..,?,,..•?