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Said bonds shall be of the denomination of X200.00 <br />each, except Bond No. 1 which shall be in the denomination of <br />X230.00; shall bear interest at the rate of three per centum <br />per annum, payable semi-annually on the first days of April <br />and October of each year and for which the proper interest <br />coupons bearing a facsimile of the signature of the Clerk shall <br />be attached to and made a part of said bonds; provided, however, <br />that if said bonds are sold bearing a different rate of interest <br />than hereinbefore specified, such bonds shall bear. such rate of <br />interest as may be provided for in the resolution of council <br />approving the award thereaf. Principal and interest shall be <br />payable at the National City Bank of Cleveland, Ohio, North <br />Olmsted Branch, in the City of North Olmsted, Ohio. <br />Section 3. For the purpose of providing the necessary <br />funds to pay the interest on the foregoing issue of bonds promptly <br />when and as the same falls due, and also to provide a fund suffi- <br />cient to discharge the said serial bonds at maturit~r, there shall <br />be and is hereby levied on all taxable property in the City of <br />North Olmsted, in addition to all other taxes, a direct tax annually <br />during the period said bonds are to run, in an amount sufficient to <br />provide funds to pay the interest upon said bonds as.and when the <br />same shall fall due, and also to provide a fund for the discharge <br />of the principal of said serial bonds at ma~uritp, which tax shall <br />not be less than the interest and sinking fund required by <br />Section 11 of Article XII of the Constiturion. Provided, however, <br />that in each gear that the assessments anticipated by said bonds <br />are payable and are applicable to the payment of such interest and <br />principal and are appropriated for such purpose, the amount of <br />such tax shall be reduced by the amount of the assessment so <br />appropriated. <br />Said tax shall be and is hereby ordered computed, certi- <br />fied, levied and extended upon the tax duplicate and collected <br />by the same officers, in the same manner and at the same time <br />that taxes for general purposed for each of said years are certi- <br />fied, extended and collected. Said tax shall be placed before <br /> <br />