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such sale, except any premium and accrued interest thereon and the <br />amount thereof necessary for the payment of interest prior to the <br />maturity of said note or notes shall be paid into the proper fund and <br />used for the purpose aforesaid and for no .other purpose. Any premium <br />and accrued interest and the amount necessary for the payment of int- <br />erest prior to their maturity shall be transferred to the Sirakimg h`und <br />to be applied in the payment of the principal and interest on said note <br />or notes in the manner provided by law, <br />Section 7. Said note or notes shall be the full, general <br />obligations of the-City of North Qlmsted and the full faith, credit and <br />revenue of said City are hereby pledged for the prompt payment of the <br />same. The par value to be received from the sale of bonds anticipated <br />by said note or notes and any excess fund resulting from the issuance <br />of said note or notes shall, to the extent necessary, be used: only for <br />the retirement of said note or notes at maturity, together with the <br />interest thereon, and is hereby pledged for such purpose. <br />Section $. During the year or years while such note or notes <br />run there shall be-levied on all the taxable property in the City of <br />Forth Qlmsted in addition to all other taxes, a direct tax annually not <br />less than that which would have been levied if bonds had been issued <br />without the prior issue of such notes. <br />Said tax shall be and is hereby ordered computed, certified, <br />levied and .extended upon the tax dttpli~ate and collected by the same <br />officers, in the same manner and at the same time that taxes for <br />general purposes for each of said years are certified, extended and <br />collected. .Said tax shall be placed before and in preference to all <br />other items and for the full amount thereof. The funds derived from <br />said tax levies hereby required shall be placed in a separate and dis- <br />tinct fund, which, together with the interest collected on the same, <br />shall be irrevocably pledgeafl for the payment of the principal and <br />interest of said notes ~-r the bonds in anticipatiozc of which they are. <br />issued when and as the same fall due. <br />Section 9. The City Clerk is hereby directed to forward a <br />certified copy o f this ordinance to the County Auditor. <br />Sectio_, n 10_, This Ordinance is hereby declared to be an emer- <br />gency measure necessary for the public health, peace and safety and to <br />provide immediately for the erection of a Comfort Station fora munici- <br />pal playground and to provide .necessary toilet facilities therefor, <br />used by the general public, and further an emergency exists by reason <br />of the fact that it is necessary to provid® said facilities before the <br />beginning of the summer recreational program. <br />PASSEIl: ~: ~y~. ,~ ~, ~ y .r J _ <br />___-„--- <br />~`,~~~ <br />ATTEST: -- f <br />r~ <br />_. <br />. . <br />~~, <br />A,,, ~ M . ~ <br />,,, ~ ~~.;~ ,a_ <br />M.+Christaa.n~~~ o Counci E. W. Baumgardner, esi ent <br />of Council«: <br />APPRQVED: <br />Br~r`~?_ <br />rles was ~ yor <br /> <br />a'~ <br />~ .,, <br />