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<br />G ~ ~.~ <br />_~_ <br /> <br /> <br /> <br />each of said years are certified, extended and collected. Said tax shall be <br />placed before and is prefereance to all ether items ea-d for the full want <br />thereof . The ftn3ds deriYed ft~t said tax levy hereby required shall be placed <br />in a separate and dstittet fug, which, together with tt~te interest collected <br />on the sage shall be irrevocably pleadgred for the paysretnt of .principal and <br />interest on said bonds ~n at~cl as the same fall due . <br />~ectian 6. Said bc~rttis shall be first offered at par and accrued interest <br />to tha officer ins char~ie of the Hcsad R+ttiresMent Ftant3 in his official capacity, <br />sad it st.d offioer relltsts to t ae~y or all of said bonds, then said. bonds <br />sot so taks~ shalt be sdr+ertisad for public sale and sold in the rra-nner provided <br />br Isar. The procaecls fres t ~a-1a of said bonds, except the premiu~su, accrued <br />itttore•t ths~can and cs~pitaliaod. interest, shall be used far the purpose afore- <br />said and for no other purpose ata~d be allocated to the improvement. herein described. <br />Thy praseium, accrus$ and capitalized interest received from such snl.e ah~.1 <br />be tramtferred to the Bend Aetiresrent lhsad to be applied to the payment of the <br />principal and iaterast of said bonds, is the manner provided by law. <br />8ectioa 7. The q.erY of Council is hereby authorized and directed to certify <br />a copy of this ordinance to the Auditor of Cuyahoga County, Ohio, according to leer. <br />Secztiaa 8. 'This a~3ixaance is hereby declared to be an emergency mee~ure <br />eswtY !br the p~ers!elttio~t of the public peace, welfare and safety of this <br />City', ate! for the further reaacan that the note of this City is~d. in anticpa- <br />tiros o! tleetse bonds is about to mature sal must be retired xith the preeda of <br />the bolds authorized herein in order to protect the credit of this City; where- <br />fa3"!, this ordinance shall take effect and be in force immediately upon its passage <br />and sigta~tture by the Mayer . <br />Passed: 6 ~ 1966. <br />President of Caunci <br />Attest: <br />-- ~ 19fb <br />A~p t 8 . ~.._.._ <br />Mayor <br />• <br />