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<br />Section 5. That all installments of said assessments and all <br />portions thereof, together with interest thereon, shall be applied <br />to the payment of said bonds and interest as the same shall become <br />due and to no other purpose whatsoever. In the event that the amount <br />of bonds required to be issued for said improvement shall be reduced <br />by the cash payment by the property owners in accordance with the <br />option included in the assessing ordinance, such reduction shall be <br />accomplished by reducing all of the serial bonds hereinabove provided <br />for so as to retain substantially equal annual maturities. <br />Section 6. The Auditor is hereby directed to have said bonds <br />and coupons properly prepared and executed, to sell the same and to <br />deposit the proceeds in the Cit3T treasury to the credit of the Dover <br />Center Road Sidewalk Improvement Fund for the purpQSe of paying the <br />cost of said improvement not heretofore provided to be paid by said <br />City and for which purpose said money is hereby appropriated. <br />Section 7. That said Bonds shall be first offered at par and <br />accrued interest to the Treasurer and Officer in charge of the Sink- <br />ing rand an d if said Treasurer or Officer refuses to take any or all <br />of said Bonds then said bonds not so taken shall be advertised for <br />public sale and sold in the manner provided by law but for not less <br />than the par value and accrued interest. <br />Section ~. That this ordinance is hereby declared to be an <br />emergency measure, the emergency being that it is necessary for the <br />immediate preservation of public health, peace, safety and welfare <br />and shall take effect and be in force from and after the earliest <br />period allowed by law. <br />PASSED: April 15, 1952 <br />ATTEST: <br />. ICI. hristman, o oun <br />APPROVED: <br />~~ <br />~~ <br />~, t <br /> <br />