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Section 8. During the years while -such n&bes ru;i. there shall he <br />levied on all the taxable property in the Village of , in <br />addition to all other taxes, a direct tax annually.no+, less than that <br />which would have been levied if bonds had been issued without the PAur <br />issue,of such'notes. <br />Said tax °shall be and is hereby ordered computed,'certified levied <br />and extended upon the tax ""duplicate and' collected by the same officers.' <br />Jn the name manner and at the same time that taxes for general purposes <br />for each of said years are certified extended and collected. Said tax <br />shall be placed before end in preference to all other items and for the <br />full amount thereof. The funds derived from said tax levies hereby <br />required shall be plaoed in a separate and distinct fund, which., to- <br />gether with the interest collected on the same, shall be irrevocably <br />pledged for the payment of the principal and interest of said notes or <br />the bonds in anticipation of which they are issued when and as the same <br />fall due. <br />In the event that the assessment herainbefore rmntioned are not <br />levied or bonds as hereinbefore set forth are not issued and sold to <br />provide a fund for the payment of such nctos at maturity, a gen3ral <br />tax shall be levied by the proper taxing officials without farther <br />action by this Council against all of the property 1r. -rho V111agn for. <br />the payment of such nr..tec and the interest thereon. <br />Section 9. The Village Clerk is hereby directed tj deliver a cer <br />tified copy of this ordinkice' to and file name with th C3•anty Auditor <br />and secure his certific-ate of the filing of same. <br />Section 10. That this ordinance shall take effect and be in forco <br />from and after the earliest period allowed by law.- <br />Read the first ime Augu -t 21, 192$. <br />It I . '. <br />Mora Mr , seconded by 'Mr. t the <br />statutory rue e�xa}9en that Crdin o roa imme- <br />diately the second and third times - a ut -upnri it passage. ' The affirma- <br />'tive �er on ion wan as follows: - Biddulph, Bi- awe'ti,- ,man, <br />cS�1 ndler , Stine. <br />Thor the ordinance was read e��d..a�x: tlnirc: -gym ©; - and - }gut -upon , <br />its pa�ss�ago ' e- af�i'i ive- •vote- thee -oon was as fo1 lows: Biddulph, <br />Bidwell, Christman, Seltzer, Schindler, Stine. <br />0 <br />Ordinance pa,swed 1928. <br />Approved and s igncd by the Mayor, AvEv� 1, 1928. <br />o '.. <br />..� ✓f 1 <br />