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Said bonds shall be of the denomination of X1,000.00 <br />` each, except bond No. 9 which shall be in the denomination of <br />:600.00 ; shall bear inte~^ Est a.t. the rate of three r~er centum <br />per annum, paya.hl.e 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 si~•nature of_ the Clerk shall <br />be attached to and made a part of said bonds; provide, however, <br />that if said bonds are sold bearing a different rate of interest <br />than hereinbefore specified, suer:. bands shall 'Dear such r=ite of <br />interest as may be provided for in the resolution of council <br />approvin-; the awa_:~d thereof . 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. rot the purr;~ose of providing the neaessarp <br />funds to pay the interest on the fore~-;oin~ issue of bands <br />promptly when and as the same falls due, and also to provide a <br />fund sufficient to discharge the said serial bonds at maturity, <br />there shall be and is hereby levied on all taxable property in <br />the City of North Olmsted, in addition to all other `taxes, a <br />direct tax annually durin~° the period said bonds are to run, in <br />an amount sufficient to provide funds to pay the interest upon <br />said bonds as and when the same shall fall due, and also to <br />provide a fund for the dischare of the principal of said serial <br />bonds at maturity, which tax shall not be less than the interest <br />and sinkinv fund tax required by Section 11 of Article XII of the <br />Constitiution. Provided, however, that in each year that the <br />assessments anticipated by said bonds are payable and are <br />applicable to the cayment of such interest and -~rincir...a1 and are <br />appropriated for such purpose, the amount of such tax shall be <br />reduced 'by the amount of the assessment so ap~~ronriated. <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 ~enera.l ?;ur_roses for each of said years are certi- <br />fied, extended and collected. Said tax shall be placed before <br /> <br />