1966 Ordinance - Laserfiche WebLink

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October 1, 195 pct®ber 1, 1959 (lctaber 1, 1964 October 1, 1961 Oct®ber 1, 1962 Qctober 1, 1963 October 1, 1961 ~$ to 3~6 Inclusive $ 9,©0,00 3T tc 45 " 9,04.00 ~.6 to 54 ~ 9, 040,E 00 55 t® 63 ~ 9,000.00 6~. to ?2 " 9,04. 73 to $2 " ISO,©D0.04 ~3 to 92 n: 10,t~0~00 It is hereby deterained that the aibmve natnrities are in substantially equal annual inatallaents. Said bonds shall be of the densaisati®n e f ~1.,©4A.04 sash, eacept that bond Ne. 1 shall be in the denc,~aainati®n o f ~1,2.E)0.00~ ; shall bear interest at the rats of three per sentt~a per annua, pay- able semi.-annually an -the first days of April and October of sash year and for xhich the proper interest coupons bearing a fassiail• of the signature of the Auditor shall be attached to and wade a part of said bonds r pr®vided, ho~rsver, that if said buds are sold bear-• ing a different rate of interest than hersinbefore specified, such b®-nds shall bear such rate mf interest as ~aay be provided for is the reso luti®n of Council approving the a~rard thereof, ffrincipal anti interest shall be payable at the National City Bian}c of Cleveland., Chic, North Qlmsted Bunch, in the City et North Qlasted, Ohio. ~ectio 3 _ For the purpose of providing the necessary funds to pay the interest on the foregoing issue of bands pr®aptly xhsn and as the seas falls due, sad else to Fa'®vid• a fund suf- ficient to,~discharga the said serial b=onds at maturity, there shall be and is hereby levied on all taxable property in the City of North Qlmated, in additima tm all other taxes, a direct tax annually dur- ing the period said bonds are to ran, ~1a an aaount sufficient to provide fends t0 pay the interest upon said b®nds as and ahem the ease shall fall due, and else to provide a fund for the disoharge: 0f the principal ot'said serial bonds at satnrity, which tax shall not be less than the interest and sinking fund tax required bar section 11 a~:f Article ZII ®f the Cc~nstitutien. !'rovided, however, that in sash year that the assess~mests anticipated by said bonds ~. 2 ~-