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~upeaa tkeret® attached, the full faith cad credit of the City <br />of Korth t~lttated is hereby irrexa-eably pledged. <br />aetiols For the parpeae of prodding the aet:essary <br />feeds t® pay t merest en the forcg®ing i:ske sf beads prerptly <br />xhes and as the sane- falls due, cad aLo to preTide a farwd ar~t'ficisat <br />t® diseharge the:said Serial toads at aatarity, there shall be cad <br />is hereby le~-f ed ea all ih® tazab~le property is the ~i#ay of xsrth <br />Olmsted, a direst tax aaato~al.ly dr<ring the period said beaads are to <br />rr~a, fa as aaoaat auffiaaieat to provide feeds to pay iatsx~est epos <br />said beadsf as aad xhsa the ease falls due, awei also to prorido a <br />fried for the discharge of ike priacipal of said serial b~osrU at <br />taturity, xhich taz shall cot b• loss than tyre attire;t acct siakiag <br />fund tax rewired by S~oation 11 of Article YII of the ~emititretioaat. <br />o ~ d taz shall Tie cad is hereby ordered c~•. <br />panted, csrt a ,, evied .cad e~eaded epos the taz~. drdplieator cad <br />collest®d by the ease effieer is the cacao areaaer awd at the same <br />fire drat fazes for geasral perposes fer each of said years are <br />certified# ezteadodcad collected. gaid taz shall be placed before <br />cad is prefereaae to all other iteus ~ cad for the fall a>roraat <br />thereof. ~ihe f a derived frog ar<ah tax levies hereby re#~red <br />shall be plated is a separate cad distinct fuad~ tki.aah, tesether. <br />xith the istereat collected os the sate shall be irrovoeably <br />p3.sdged for the pa~naeat of priacipal ate! interest of said beads <br />xhen cad aS the same fall drto. <br />i~ The said beads shall express rtpoa thsi,r fans <br />the purpose or a they are iasr~ed, that they are sasmd is <br />pnrstiaaQe of this ®rdiaaace cad shall be Sigrid by tke Mayor cad <br />Auctitor~ cad sealed xith the corporate seal of said City. ~e <br />istereat aonpeas attached to said beads shall bear the fassitile <br />sigmataore of the Aadit®r. Said boada shall bear arch ceasear<tivee <br />nra~bers as the Asditor shall deterarf.ao. <br />That said buds shall be first offered at <br />par cad aecra~o erect to the Trsasarer cad Officer is skargs of <br />the ~akiag Paaat cad if said Treasurer cad Officer rsfases, to take <br />say er ,all of said Tads then said beads cot so takes skull hs <br />advertised fer public sae cad sell is the tasaer prov~,daNi iiy~ lax, <br />la~tt not f~-r less than their par valr<e swat aocrusd 3a`itreat~ rho <br />toad sale advertisewoat shall state that say oae deairag te~do <br />so, ray preSOat a laid or bids f®r sash boada based rtpoa their <br />bearing a differeat rate of iat~trest than hers#aboce fi=ea~t <br />provialed, hexever that xhers a fractional iatersst rate is ~id, <br />such fraetien sha~l be oae-~aartor c-f one par seat or ~lples <br />thereof ~ the parecseds foot the sale of said toads, ezcepla tke <br />pretirua and aeornoi aterest shall b• used for the pa~rpose atsre- <br />aaid and for ao other pa:rp®se. <br />'she Gity Ar<ditor is hereby directed to fera-ari~ <br />a certifiecothis Ordiaatiaace to the COrtaty Auditer• <br />ge¢toa:~~. ?hat tkia erdsance fa hereby doelared to be. as <br />o>aergeacy teaaure, ~aeaosaary for the fanaodiat• imarsserrratea of pab-t. <br />health, pease, safety and welfare cad to previd• for the sale of beadaa <br />the proceeds of xhich shall tie rased for the payaeat of a cote kerete- <br />fore issued, and that this ordiaaaco be passed at sacs cad shall tans <br />effect and be in force free cad after its passager~ <br />PA39~: mar 16, <br />~: <br />AT~sr <br />of O®uncil, <br />A~~tor <br />Charles ~. Lexis; lLayer <br />~~.~ <br />,~ ~~ <br />Ceta$ci~. <br />u <br />,~~ . <br />~~ <br />i <br />