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~setip, b. All aasessmests collected for the 3.mprovement afore- said and t~ p mc~+~~ba~s.e r i~ in the fwd after the cost aid expense of said impr€~vemsnt hay be+~t phial shall be applied to the pent of said note or motes and the interest thereog until 'bath are fullg provided far. t ~,~ Said ante or motes shall first be offered to the Treasurer ~ t s tg and so Many of the saffie as shall net be taken bg said Citg Treasurer shall be s©lel at private sale bg the Citg Auditsr~ but for ~t lass than par a~ci accrued interest, and the prc~cesds from such eels,: except asgr premi~t and acc>~ed interest thereon and the amount thereof necessarg for the pa-gment of eterast prier to the maturity of said note or notes shall be paid int© the p~rQper fund and used for the purpo +~ aforesaid and f+~x x® ether purp+~s e. Aug pre~.~ and accrued interest aced the a~-ount necessarg fdr the ps.gnent Af interest prior to their maturitg shall be trans- ferred to the 33.nking Fund to be applied in the pags}snt of the principal and interest ©~tsaid note or notes in the manner provided bg law. o ~ Said note car sofas shall be the full general obliga- tions of t . ~g ® ~Qrth Qluted and the full faith, cre+~t and revenue of said Citg are herebg pledged for the prc~tpt pag~temt of the ease. T ~ par valge t0 be received from the sale of bonds anticipated bg said oats or notes and ang excess fund resulting fry the isatce of said node or notes shall tc3 the extent necessary, b® used @nlg for the retirement of said nc~-te or a~-tes at maturity, together with interest there~au, and is herebg pledged for such purpose. In the ear®~ that such assess~ats era t levied or bonds a~s~ '~ - ,slued to provide a fund for tl~ pagmsnt of said s©te or note8 at maturity, a general tea: shall be levied against all of the proper€g of said Citp for the pagmeat of said note 0r notes and the interest th®rec. ec"io 10 The Citg Clerk is herebg directed to forward a: certified c®pp~ i~s ardine..nce to the Cour~tg Audit©r. ~. n l: This ordinance is herebg declared to be an emer- gencg measure ~ ~ e esiergencg being that it is necessarg f er the immediate preservation of public health.: pesos, safetg and welfare, and to borrow moneg mmedatelg for the necsssarg iaprovement ~f a ~tg street that this ordinance be passed at once asd s7.1 take effect and be in forfe and. effect from and after its passage. PASSED: June /~ , 1956• ATTEST;. s 3t n, ci APPROVED: arle~ s, gma? .I~6 4,~~ i Y H~~..«..~,a~.~,~~ ~ .. ~ _.