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..~-1,, ,.M,.~. f' ~~ i,: .. . t ~` srial.L express upon their face the ppurpose for which they are isv ued and that they are issued pursuant to this Ordinance. Section 6. All assessments collected for the improvement aforesaid and unexpended balance remaining in the fund after the cost and e~.pense of said improvement has been paid shall be applied to the payment of said note or notes and the interest thereon until 5oth are fully provided for. Section 7. Said note or notes shall first be offered to the Treasurer of the Villagge and so many of the same as shall not be taken by said Village Treasurer shall be sold at private sale by the Village Clerk, but for not less than par and accrued int Brest, and the proceeds from such sale, except any premium and accrued. interest thereon and the amount thereof necessary for the payment of interest prior to the maturity of .said note or notes shall be paid into the proper fund and used for the purpose aforesaid and for no other purpose. Any premium and accrued interest and the amount necessary for the ppayment of interest prior to their maturity shall be transferred to the Sinking ~`und to be applied in the payment of t'r~e rincipal and interest on said note or notes in the manner provided ~y law. Section 8. Said note or notes shall be thy; full, general obligations of the Village of North Olmsted and the full faith, credit and revenue of said Yillage are hereby pledged for the prom~t pay- ment of the same. The par value to be received from the sa a of bonds anticipated by said note or notes and anY excess fund re- sulting from the issuance of said note or notes shall to the extent necessary be used only.for the retirement of said node or notes at maturi~y, t©gether r~°~th interest thereon, and is hereby pledged for such purpose. Section J. In the event that such assessments are not levied or bonds are not issued to pQroieral tax~shallrbehlev$~eagainst said note or notes at maturity, B dl of the property of said Yillage for the payment of said note or notes and tn.e interest thereon. SectioncQO. o hthislo.rainancektostherCbuntyrAudiaoro for- ward a certifies pY Section 11. T his ©rdinance is hereby declared to be arz emergency measure, the emergency being that it is nesafetyyand ~1- the immediate preservation of public health, peace, fare, and the daily openancenbefpassedatconce andashallttake the V 3.llag e ~ that thi s ordi effect and be in force from and after its passage. passed: day 15, 1951. Attest 7 i1 ~ ~~ ~~ ~~ a larence att, -~ayor ... _ ... , _. _ . _ . ,...,.