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Ssc on b A7.1 said and Asa-~aldacs expense of said i~prove~a mt~ent of said note or notes provided for. assessments collected for the im~ovemsat afor®- remaining in the f~rnd after the cost aid t has bests paid shall be applied to the pay- and the interest thereon until both are fully Sect Qn Said Hots or notes shall first be offered to the Treasurer o t e fifty and so y of the same as shall net bs taken by said City Treasurer shall be sold at private eels by the City Auditor, but not for lass than par sad accrued interest, and the pr0¢e~ds from such sale, except any premium and accrued interest thersom anci the a~nnt thereof necessary for the payme~tt of interest prior to the maturity of said eats ©r notes shall be .paid into the proper fwd add far the purpose aforesaid and for no other purpose. Any pre~itsa. end ~acrued interest and the amount necessary for the pay~emt of xtsrsst prig to their ffiaturity shall bs transferred to the Sinking to bs a~pplsd in the payment of the principal and interest on said note or notes in the manner provided by law+. S~ct~on $ Said note or notes shall be the full general obligations o t e sty sf forth C1].mstsd and the full faits, cx'sdit and revenue of said pity are hereby pledged for the proaspt payment of the same. The par value to b® r®ceived from the sale of baadffi anticipated.. by said note or notes and any excess fund resulting froom the ins cs of said note or notes shall, to the extent nsceasary, bs used c7.y far the retirement of said note or notes at maturity, together with interest thereon, and is hereby pledged for sub[ purpose. gs, ~tio_a~. In the ®ves:t that such assesents are not levied or bonds are ~~-t~ss"usd to provide a fund for the payffiant of sa~.d sots or notes at maturity., a general tax shall be levied against .all mf the property of said City for the payment of said note or notes and the interest thereon. Sec i© ~ The pity Clerk is hereby directed to forward a certified copy t s ordinance to the County Auditor. Qti,~~ This ordinance is hereby declared to bs an em~r- gency measure, t s e~tsrgsacy bsiag that it is neessaaa.~r far thcs ~®~tats preservation of public health, peace, safety and welfare, and tc~ borrot~ money i~sdiately for the n®cessary improvsetsnt of a City et~sst that this srdinance be passed at once and shall take effect sad be is fords sad effect from and after its passage, PA3SLD:: December to , 1955 • ATTEST: C er of bouts 1 APPRCV~D: .~ ar es s, Yom' ~ gig , t~~. ~.t of Counc \~'\/ ~~ ~/ .....