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such sale, except any premium and accrued interest thereon and the amount thereof necessary for the payment of interest prior to the maturity of said note or notes shall be paid into the proper fund and used for the purpose aforesaid and for no other purpose. Any premium and accrued interest and the amount necessary for the payment of int- erest prior to their maturity shall be transferred to the Sinking Fund to be applied in the payment of the principal and interest on said note or notes in the manner provided by law. Section 7. Said note or notes shall be the full, general obligations of the City of North Olmsted and the full faith, credit and revenue of said City are hereby pledged for the prompt payment of the same. The par value to be received froffi the sale of bonds anticipated by said note or notes and any excess fund resulting from the issuance of said note or notes shall, to the extent necessary, be used only for the retirement of said note or notes at maturity, together with the interest thereon, and is hereby pledged for such purpose. Section $. During the year or years while such note or notes run there s awl ^be~evied on all the taxable property in the City of North Olmsted in addition to all other taxes, a direct tax annually not less than that which would have been levied if bonds had been issued without the prior issue of such notes. 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 a separate and dis- tinct fund, which, together with the interest collected on the same, shall be irrevocably pledged for the payment of the principal and interest of said notes or the bonds in anticipation of which they are issued when and as the same fall due. Section The City Clerk is hereby directed to forward a certified copy of is ordinance to the County Auditor. Section 10. This ©rdinance gency measure necessary for the publ: provide immediately for the funds to establish a municipal waste disposal an emergency exists by reason of the waste disposal facilities. is hereby declared to be an emer- ic health, peace and safety and to purchase real estate necessary to land fill facility, and further cancellation of present municipal PASSED:. June ~, 1955• ATTEST : ~.,,.._._- . ,-. ~ _ .. _ __ ,r ~ --~. E, ristman, C ~ ounci E. W. Baumgardner of Council APP~GVED: Charles B. Lewis, ayor / j~ ~I ~I ~o ~,~-~ Cam, ~ 'G~2z~~"'''..- es