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r <br />Section 8. During the years while such notes rizi thera shall to <br />levied on all the taxable property in the •Viilage of North Olmsted, in <br />addition to all other, taxes; a direct -tax °annually •no+ leis than that <br />which would have been levied if bonds had been issued without the prior <br />issue of such notes. " <br />R <br />Said tax shall be.and.is hereby ordered computed, certified, levied <br />V and extended .upon the tax duplicate and collected by the same officers, <br />1 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, 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, whioh, 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 e.ssessment 'hereinbefor. a mentioned are not <br />levied, or bonds as herelnbefore set forth rare r.or . issued-'and sold to- <br />provide a fund for the payment of such notos at maturity, a "Qan3ral <br />tax shall be levied by the proper taxing cffisi.al& without further <br />action by this Council against ell of the property ir. the Vil ?.ago for <br />the payment of such note.. and the interest thereor.. _. <br />Section 9. The Village Clerk is hereby directed to deliver a cer- <br />tified copy of this ordinance to and file same with th3 County Auditor <br />and secure his eertifirate of the f iling of same. <br />Section 10,' That this ordinance shall take 9ffect and be in fore* <br />from and after the earliest period allowed by law. <br />Read the fir st time August 7 ' <br />1928. ., <br />Moved by Mr. seconded by Mr.._ that the <br />statutory rU15 be suspe ed a that Ordinance No..: 950 be road�imme- <br />diately the second and third times-and put upon its passage. The affirma- <br />tive vote on said motion was as follows;- Biddulph, Bidwell, Christman, <br />Ste, Schindler,.Stine. <br />.Thoreupon the ordinance was read the second ars3 third times and put upon <br />i` its passaP -G iz d the aff1,rmativo' vote thereon was as follr�ws!- <br />Biddulpla,' Bidwell, Christman,' S'er, Schindler,' Stine. <br />Ordinance passed` August 7, 1928 <br />Tj Approved and p,gncd by the Mayor,' August 7 1928. <br />l <br />mayor, <br />