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J 1 <br />Section Si, During the years. while ''such.r..o'ecs ru:L thera sh^.11 to <br />levied on all the taxable property in the Village of North Olmsted ir. <br />�j addition to all other taxis; a direct tax annually not lens . than that <br />which would have been levied if bonds had been issued without the hrijr <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 />in.the same 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 and 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 placed`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, I <br />the bonds in anticipation.of which they are issued who and as the same <br />fall due. <br />a <br />In the event 'that the' assessment horainbefore mentioned a.re not <br />levied or bonds as hereinbefere set forth are not issued and sold to <br />provide a fund for the payment of such notes at maturity, a gcn3ral <br />tax shall be levied'by the proper texing offi;ials without further <br />action by this Council against all of the pro )ercy ir. she Village for <br />the payment of such notes• end the interest thereor.. <br />$ eotion 9. The Village Clerk is hereby directed to deliver a cer f <br />tiri ©d copy of, this ordinance to and file same with th3 County. Auditor <br />E and Secure 4is certifieate of the f ilinb of same. <br />Section 10. That this ordinance shall take effect and be in forca i <br />From -und after the earliest period alloyed by law.. <br />Read the first time AUG 7 1928 <br />�( <br />Moved. Mr. Biddulph seconded by Mr. Christman that the <br />statutory ru e be suspended and that Ordinance 110.:261 eG road imme- <br />diately the second and third',ti.mes- and put upon its passage. ' Thee affirma'- <br />t ive veto on s ai d not ion was as follows:- <br />r Biddulph, Bidwell, Christman, Sir, Schindler, Stine, <br />Thoreupon' the ordinanco _was read ,the second arxl third times and put upon, <br />its passage tmd the affirmative vote thereon was as follows;- <br />Biddulp:i,, Bidwell, ' Christman, Schindler, Stine. <br />Ordinance passed AUG 7, 1928 <br />_ signed Y Mayor, <br />MG 7 '1928 <br />Approved and s 3 ed b the _ <br />