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their face the purpose for Which they are issued and that they are issued <br />pursuant to this ordinance. <br />Section 4. Said note or notes shall be offered to the Officer in <br />Charge of the Sinking Fund of the City and so mater of the same as shall not be <br />taken by said officer, shall be sold at private sale by the City Auditor but for <br />not less than par and accrued interest, if at~y, and the proceeds from such sale <br />shall be paid into the proper fund and used for the purposes aforesaid and no <br />other purpose. <br />Section 5. Said notes shall. be the full general obligation of the City <br />of North Olmsted and for the prompt payment of the same the full faith, credit <br />and revenue of said City are hereby irrevocably pledged and a sum of money suf- <br />ficient to pay the entire principal and interest of said notes is hereby <br />appropriated from the next ensuing sem2-annual settlement of taxes far th,e fiscal <br />year 1953 settlement, for the payment of said note ox notes at maturity. <br />Sectian 6. This is an emergency measure necessary for the public <br />health, peace and safety and to immediately provide for the borxowing of money <br />to carry on the municipal operations of the City. <br />PASSED: August 1~., 1953 <br />ATTEST: <br />~--~ ~'^ <br />_ _._ ~~ <br />E. ...Christman, Clerk of Council <br />APPROVED: <br />arence 3. tt, Mayor <br />