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are sold bearing a different rate of interest than hereinbefore specified, such bonds shall bear such rate of interest as may be pro- vided for in the resolution of Council approving the award thereof. Principal and interest shall be payable at The T~ational City Bank of Cleveland, Ohio, North Olmsted Branch, in the City of P3orth Olmsted, Ohio. Section 3. For the purl?ose of providing the necessary funds to pay the interest ,on the foregoing issue of bonds promptly when and as the same falls due, and also to provide a fund sufficient to dis- charge the said serial bonds at maturity, there shall be and is hereby levied on all taxable property in the City of North Olmsted, in addition to all other taxes, a direct tag. annually during the period said bonds are to run, in an amount sufficient to pro vide funds to pay the interest upon said bonds as and when the same shall fall due, and also to provide a fund for the discharge of the principal of said serial bonds at matur- ity, which tax shall not be less than the interest and sinking fund tax. required by Section 11 of Article XII of the Constitution. Provided, however, that in each year that the assessments anticipated by said bonds are payable and are applicable to the payment of such interest and prin- cipal and are appropriated for such purpose, the amount of such tax small be reduced by the amount of the assessment so appropriated. Said tax shall be and is hereby ordered computed, certified, levied and extended upon the tax duplicate and collected by the same officers, in the same manner and at the same time that taxes for general purposes for each of said years are certified, extended and collected. Said tax shall be placed before and in preference to all other items and for the full amount thereof. The funds derived from said tax levies hereby required, shall be placed in separate and distinct funds, which, together with the interest collected on the same, shall be irrevocably pledged for the payment of principal and interest of said bonds when and as the same fall due. S.ection_1~. The Clerk is hereby authorized and directed to certify a copy of this ordinance to the Auditor of Cuyahoga County, Ohio, according to law. - 2 -