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<br />? <br /> <br /> <br />-2- <br />G?-343 ` <br />the Dond Aetirement llinl to be offlied tv the pa,rient of the pMncipal mA intertst <br />of sa3d nctes in the maruner provi6ed bjr lav. <br />Section 7. 3aid aotes shall be the full. pnesal obSilption of the Cifq ot Notth <br />QLmted aad the full Yaith, credit aaci :ewmw of Nid City are hereby piedp$ for the <br />pt'o¦pt paymeat of the saI e. me par ralue to be 2ocsirsd fram the sale ot the bonds <br />a"3eeipated by aaid notes lund any excess fuad riwltin froQ the issusnce of said <br />notrs aLa11, to the ezteft necessarry, be u"d oaly for the retisment of said Ywtes ' <br />*?5 u <br />nt maturity, together Wi.th iuterest thereon, aad is hereby plsdged for such purpose. t <br />Sectioa 8. During the period rhile such notes iva t2kre ehall be leviid on <br />all the taxwble property in the City of lforth OUrted, in additioa to a]1 other tauoes, <br />a direct tax anmually not less thaa that which wuld hate been lslied it bonis had <br />been issued vithflut the prior issue of such mtea; provided., that the amount of such <br />tax shs].1 be zeduced to the extent that eurplut arainp oi the 4everaae systed <br />ahal.l be avsilable arxi appropriated for the paysent of interest aad principal of <br />auch notes or oP the bords anticipated ttlereby. <br />$ection 9. It is heriby deteimiryed tlst all acts, conditions atd thinp <br />requlred to be done psticedsnt to and in the isnaanco of ssid notes, in order to <br />maloe them legal, valid sad biiding obligstions o! the City o! North OLsted, hare <br />happened, been done ud,gwrlbrmed in regular and due !oxu as required by lav; ard <br />that the amount of irydebte8ness b be incurred by the issuance of eaid notea does <br />not exceed aqy limitation of indebtednese or taxation, either statutory or con- <br />stitutione?1. <br />3ection 10. Thia ordinance is hereby declarsd to be an emergency meaaure <br />neceeaary Por the imediate preservation of the public peace, health ard satety <br />of eaid City by reaaon ot the fact that the proqpt ootut=uction of the improve- <br />ments to be finsnctd by eaid notea is esaential to provide sanitary eeveragre <br />facilities essential to the heslth of the City aad the inhabitants ttLereo%; <br />wherefore, aaid ordinance shall go into inmediate effect upon its passage affi <br />approval. <br />1961+ <br />1964 <br />A. <br />_ _.?.....-. ??. <br />? <br />. .?i-et a?.... p ?.. <br />Preai ent o Counc <br />Atteet A g-t- <br />er Council <br />t/.- t "L-Ic--F:+: -s--Ls <br />rlayo r