1959 Ordinance - Laserfiche WebLink

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may bs provided for in the reselutien ®f Couuucil appravag the award thereof. Principal and interest shall b• payable at the ffiati®nal Gity ~amk of Cleveland, @hio, Berth Q]asted graach, in the City o f Perth Olnated, Qihie. ~3~ssti®~ F®r the parpoa® of pr®vidiag the ~scsssary fuels to pay the interest ea the foreg0ing issue of bends promptly whey and as the same falls due, anti else to previd• a faced suf- ficisnt to discharges the said serial bands at maturity, there shall be sad is 1~ereby levied en all taxable preperty is the City of g®rth 47asted, is addition is all ether taxes, a direct tax annually dur- ing the period said beads are is race, is an aw®aat sufficient is provide funds t® pay the interest upon said bonds as sad when the sane shall fall due, and also to provide a fund for the discharge of the principal of said serial 'lads at matnrity~ which tax shall net be less than the iaterest and sinking farad tax required by ~ecti®n 11 of Article YII o~f the Constitution. Pr®vided, however that is each year that the assessments anticipated by said bonds are payable aced are applicable t® the paymaat of rsuch interest aced principal and are appropriated for such purpose, the am®unt of shah tam shall be reduced by the amou~at of the asssssmest so appropriated. laid taz shall be and is hereby ordered computed, certi- tied, levied and extsncisd upon the tax duplicate aced Qollected by the same officers, in the ease manner and at the sane tiara that fazes fmr general pnrpestiz f®r sash of said years are certified extended and aollected. gaid tax shall bs placed before sad in preference to all ether items ami ~s the full axouat tk~ereef. The funds derived from said. tax levi.®s hereby required, shall bey enlaced is a separate anct distinct f~utd, which, together with the interest collected oa the same, shall be irrsveeably pledged fmr the payment of principal sad interest of said bonds when and as the same fall due. Segti„r,1_,_,,~. Ths City Auditor is hero/' autheri:ed sad dirsatsd to seuctifp a t~apy of this erdiaaace t® tt~ie Auditor of Cuyahoga County, tlhio, amsording to law. ~- 2. ~.