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Said bonds shall be of the denomination of X1,000.00 <br />each, except Bond Pao. 1 which shall be in the denomination of <br />X1200.00; 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 <br />shall be attached to and made a part of said bonds; provided, <br />however, that if said bonds are sold bearing a different rate <br />of interest than hereinbefore specified, such bonds shall bear <br />such rate of interest as may be provided for in the resolution <br />of council approving the award thereof.. .Principal and interest <br />shall be payable at the National Ctp Ba~lc of Cleveland, Ohio, <br />North Olmsted Branch, in the City of Plorth Olmsted, Ohio. <br />Section 3. For the purpose of prv~vidr~g the:.necessary <br />funds to pay the interest on the foregoing issue of bonds <br />promptly when and ats the same falls due, and also to provide <br />a fund sufficient to discharge the said serial bonds at <br />maturity, there shall be and is hereby levied on all taxable <br />property in the City of North Olmsted, in addition to all other <br />taxes, a direct tax annually during the period said bonds are <br />to run, in an amount sufficient to provide funds to pay the <br />interest u~aon said bonds as and when the same shall fall due, <br />amd also to provide a fund for the discharge of the principal <br />of said serial bonds at maturity, which tax shall not be less <br />than the interest and sinking fund tax required by Section:11 <br />of Article %II of the Constitution. Provided, however, that <br />in each year that the assessments anticipated by said bonds <br />are payable and are applicable to the payment of sash interest <br />and principal and are appropriated for such purpose, the amount <br />of such tax shall be reduced by the amount of the assessment <br />so appropriated. <br />Said tax shall be and is hereby ordered computed, certi- <br />fled, 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 purposes for each of said years are <br />certified, extended and collected. Said tax shall be placed <br /> <br />