66-020 Ordinance - Laserfiche WebLink

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(G~,~© -2- rotireaewt of std note at Maturity, together i+ith interest thereon, snd are hereby pledged for such purpose. • Section 7. 1~ri.ng the yoar or years such note runs there shad be lersd ors all the tat~able Prr~y in the City at Ilorth Olastsd in additiae to ali csr tase~s, a direct tax equally sat Tess thew that which ~rou].d ht-ve been levied if bonds bird barx- issued ~rithout the prior issue of such Hots; pro~rlded, hen"ewsr, ths~ is es~oh ~' to the eaete~L that the inewee Peso the ~ricipal coseth li~de is availobles fttr the payart of ouch note , booms sae+t is appra,~nciat~ed tr+~ styeh p+~spewpe, the anauat o! such tax shall be raducsd by the vouat of such fncwMt so avsUble sand apgrroprated. Said tax shall be sad is hereby ordered, aaaputed, certified, le~risd and sxtes,~d ur the tax duplicate sad collected by the sire officers, in the sane-ter acrd at the see tsie that taxes lor,®eneral purposes for eooh of said 7~'s ors c~rtifisd, extended and collected. Maid tax shall 'F~t placed before. end m ptrl-fer~rgc~t to all ether itetir and for thee full sit thereof. The toads +~trived Peon said tax levies hereby required shall be plaosd in s sepax~te etewidistinct fund, which, toSether with he interest collected on the ssSre, shall be irrevocably pleddlsd for ttsr payneat of tkis principal and inttrna~ eti' said note or the boc~ds in aaticipatiefn o! which it is issued, whew sffi ens the sane fall dot. ' Secti~ 8. It s hereby detereiasd sad recited that all acts, condi,tioos sad thing nee+essary to be done precedent to sad in the issuitt~ of said note in order to sri~e the sore s leR~11, valid sad binding obli~atioa of the City of 11o~rth pLste~d har!e happened, been done sad perforrd in sad dvie toorte as so~oi~ed b~ laver sad that ao linitatoa of indebteelsess or tsxatieea, either stotul-oery or ceerstitutional will hire been exceeded in the issusacx of said note. Section 9. The Clerk of Council is hereby autdorised oad dreal~sd to forward a certitiad ~,y of this ordinance to the County Auditor at C!~hsrr- Couoty. Section 1A. able a~dlaoace is hereby deealared to be as srer~eacy snasure aoasssari- tear the peree~etrrotion o? the public peace, ifare sad safety of this City, shd ter !~s turtberr reasKen tart the is~edote purchase opt these buwses is asoessary to raie-iain the adequre~cy crt serrrice and resultant public secep~tence ad the City's caaesh line awl thus pared the City`s inves~snt; wherefore, this or~lnaaeer shall take effect and be in force ioeesdiately up!0er its passe~e sad approwi by the Mayor. tossed: ~ , 19G6 Attest: er o s Cbemtc Ap~rroved : , 1966 Mayor