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1 stlall express upon their face the purpose for t~riich they are issued and that they are issued pursuant to thi:~ ordinance. Section 6. A.11 assessments collected for the imps.°ovements aforesaid and unexpended balance remaiza.ing in the fund after the cost and expense of said improvement has been ~;d shall be applied to the payment of said note or notes and the interest thereon until both. are fu11y provided for. Section 7. Said :cote or notes shall first be offered to the Treasurer of the Village and so manyy of the same as shall not be taken by said Village Treasurer sha.Il be sold at private sale by the Village Clerk, but .for not less than par and accrued ~nt~rest, and the proceeds from such sale, except any premium and ac¢rved interest thereon and the a~tount thereof necessary far the paymeot 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 amok necessary far the payment of interest prior to their maturity shall be trans- ferred to the Sinking Fund to be applied in the payment of the principal and interest on said nat+~ or notes in the manner provided by law. Section 8. Said note or notes shall be the full, eneral obligations of the Village aP Narth almsted acid the full fai~h, credit and revenue of said Village are hereby pledged for the prompt pay- ment of the same. The par value to be received .from the sale of bonds anticipated by said Hate or notes and any excess fund resulting from the issuance of said note or notes shall, to the extent necessary, be used only for the retirement of said note or notes at maturity, Together with interest thereon, and is hereby pledged for such purpose. Section 9. in the event that such assessments are not levied or bonds are not issued to provide a fund for the payffient of said note or notes at maturity, a general tax shall be levied against all of the property of said Village for the payment of said note or notes and the interest thereon. Section 10. T he Village Clerk is hereby directed to for- ward a certified copy of this ordinance to the County A.uditar. Section 11. T his ordinance, is hereby declared to be an emergency measure, the emergency being that it is necessary for the mediat=e preservation of public health, peace, safety and welfare., and the daily operation of the municipal departments oi' the Village, that this ordinance be passed at once and shall take effect and be in force from and after its passage. passed: may 15, 1951. Attest• ~ " ~ -'~~'~'~ -' ~- _ . _ . _ _ _.~ __--3 arer~ce att, ~da3~or ~. ~. Christman, er ,J a ~ .~ ' ~ +qn ., J ~~