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Section 6. All assessor®nts collected for the iaprovsaent afore- said and unexpended balance remaining in the fund after the cost and expense of said iorprovsaent has been paid sha7.1 be applied to the payment of said note or notes and the interest thereon until both are folly provided for. S„ ~ctioa S9aid note or notes shall first be offer®d to the Treasurer o t e City and so aany of the same as shall not be taken by said City Treasurer shall be sold at private sale by the City Auditor, but for not less than par and accrued interest, and the proceeds Eros such sale, ezcept any prsaiua and accrued interest thereon and the aieount thereof necessary for the paydsnt of interest prior tc~ the aaturity of said note or notes shall bs paid into the proper fund asd mead for the purpose aforesaid sad for ao other pur- pose. Any prsaiua sad accrued interest and the amount necessary for the payaest of interest 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 lax. Section ~ Said note or notes shall be the full, general obliga- tiona 0 t s ~'ty of ~;orth Olasted and the full faith, credit and reasaue of sa3~d-.Pity ~~.ars hereby pledged for the proapt payaent of the same. The par-;~.lue b~ be received froa the sale of bonds anticipated by said note or notes a4rld any excess fund resulting froa the issuance of said mots or notes shall, to the extent necessary, be used only for the retireffient of said note or notes at maturity, togeth®r with interest thereon, and is hereby pledged for such purpose. Seetian~~ In the sv that such assessments are not levied or b®u~sars riot issued is ~rsvids a fund for the payment of said.. note or notes at maturity a general tax shall be levied against all of the property of said City for the payment of said none or notes and the interest thereon. Section 10• Th® City Clerk is hereby directed to for~rard i~ eerti i~ ed-copy of this ordinance to the Coanty Auditor. Section 11, This ordinance is hersb3r declared to be an eaer- gency measur®, the saergency being that it is necessary for the iamsdiats: preservation of public health, peace, safety sad rrelfars, and to borrcrt~r money iamediately for the necessary iapravemsat of a City street that this ordinance be passed at once and shall take effect and be in fors and effect froa and after its passage. ATTES~~ ~. r'M „", . .- r ,- ~. ~. Christoraa, lerk of Council . W. Ba ardne , sidsat of Counc APPROVED: ~~ . C rles ~ si Mayor ~ es , A~ t!, J' . ~~ J ~~ ~,(~