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{ are sold bearing a different rate of interest than hereinbefore specified, such bonds shall bear such rate of interest as inay be provided for in the resolution of council approving the award thereof. Principal and interest shall be payable at the Hank of tserea Company, ~sorth ulmsted r3ranch, in the Village of lworth ulmsted, uhio. Section 3. 1{'or the purpose of providing the necessary funds to pay the interest on the foregoing issue of bonds promptly when and as the same falls due, and also to provide a fund Buff i- cient to discharge the said serial 'oonds at maturity, there shall be and is hereby levied on all taxable property in the Village of north ulmsted, in addition to all other taxes, a direct tax annually during the period said bonds are to run, in an amount sufficient to provide funds to pay the interest upon said bonds as anal when the same shall fall due, and also to provide a fund for the discharge of the principal of said serial bonds at maturity, which tax shall not be less than the interest and sinking fund tax required by Section ll of article XIi. of the Constitution. Provided, however, that in each year that the assessments anticipated by said bonds are payable and are applicable to the payment of such interest and lrincipal and are appropriated for such purpose, the amount of such tax shall 'be reduced by the amount of the assessrzE:nt so appropriated.. Said tax shall. be and is hereby ordered computed, certi- fied, levied and extended upon the tax duplicate and collected ~by t11e same officers, in the same manner and at the same time that taxes for general purposes for each of said years are certified, extended and collected. Said tax sha•11 be placed before and in preference to all other items and for the full amount thereof. `1'he funds derived from said tax levies hereby required, shall be placed in a separate and distinct fund, which, together. with the interest collected on the same, shall be irrevocably pledged for the payz7ient of principal and interest of said bonds t•T~±en and as the same fall due.