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~W,.;. Section f`or the purpose of pr©viding the necessary funds to pap the interest ot~ the fore~goisg issue of bonds premptly then ana as the same falls dud, and. also to provide a fund sufficient to discharga the said serial bonds as maturityg t er+s shall a and is her®by levied on all th® taxable property in th'e ill a of ~orth O1~-sted, a direct tat atanually during the period said ~ionds are to run,, in an amount sufficient to provide funds to pay interest upa~a said bonds as and xhen the save falls due, and also to provide a fund far the discharge of the princippal of said serial bonds at eaturity, xhich tax shall not be less than the interest and sinking fund tag required by Section 11 of article 7011 of the Constitution. Section 4. Said tax shall be and is hereby ordeal caaputad., certified, levied and exuded upon the tax dupplicate, an+d coilected by the same of~ic~r in the sage manner and at the same tis$s that takes for general urposes fear each of said years are certified, ~ctendod anal collected. Said ta= s}~all tae placed More and in pr®fer®nae to all other items, and for the full amount thereof. _The funds derived from such taz levies hereby required shall be place in a separate end ds- tinct fund, ~rhich tegetY~er with the interest collected on the same, shall b8 irrevaca~ily pledg+~. for the payaertt of principal and interest of said bonds when and as the ease fall due. Section 5. The said bonds shall express ups Cheer face the purpose for ehich they are issued that th+~y are issued. im pursuance of this ordina~iQe and shall be sig. by the lL"syor and Clerk, sad sealed with the corporate seal .of said village. The interest conppQnsattached to said bonds shall bear the facsieile signature. of the pillage Clerk. Said bonds shall bear such consecutive nuffibers as the village Clerk shall determine. Section 6. That said bonds shall be first offered at ar and accrued interest to the Treasurer and Officer in charge of the Sinl~'.ng Fund and if said Treaswrer and Officer refuses to take s or all. of said bonds, then said bonds not so taken shall be advertised. for public sale and sold in the manner provided by law, but not for less than their par value and accrued interest; tY~ ban:d sale adverb sen~nt shall state that a-n 0~ desiring to do so .may pres-t a bid or bids for such bonds base on th+~ir ~taaring a differt rats of interest than hereinb~afore fix, provided, however, that a fra~tiona3. interest rate is bid, such fractien ,shall bra one-quart+~r of cn+~ p+r~r cent or multiples thereof; the proceeds from the sale Uf said bonds, $xcept the premium and accrued interest sha11 be used for the purpose aforesaid and for no other purpose. Section 7. The village Clerk is hereby directed to for~rard a c~artified copy of this •f&inance to the Co luditor. Section 8. This Ordinance is hereby deQlared to b>e an emergency aaasure necessary for the public health, peace agd safety and to provide imm~tdately for the raising of mc~xmay for the purchase of motor vehicles necessary in the operation of the Municipal Sus ~ ire. ~.ssed~ i.pril 17th, 1951. Attest: -- ------_ . ..,... .~. .Christman, f=l+erk ~ ~ ~0 ~s '~ G~. ~~~ ~ lar iatt, Y yor ...