04-04-1922 to 12-31-1929 Ordinance 074 to 319

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1 �11 r Section 8. That for the purpose of providing the necessary funds to Fay the interest on the foregoing issue of bonds promptly when and as the same falls due, and also to create and maintain a sinking fund sufficient to discharge the said bonds at maturity, there shall be and is hereby levied on all the taxable property' of the Village of Nor tli Olmsted in addition to all other taxes, a direct tax annually during the period or which said bonds are to real in an amount sufficient to provide for any deficiency in the levy, payment or .collection of said assessments as the same fall due. That said tax shall be'and is hereby ordered computed, certified, levied and extended upon the tax duplicate and collected by the same of- ficers, in the same manner and at the same time that the taxes-for general purposes for each of said years are certified, extended and collected. That,all funds derived from said tax levies hereby requiredf shall be placed in a separate and distinct fund, which, together with all interest collected on the same shall be irrevocably pledged for the payment of the interest and principal of,said bonds when and as the same fall due. Section 9. This Ordinance shall take effect and be in force from and after the earliest period alloyed by law. Read the first time December 3 -7, 13 ?^ Moved by Mr. 3: dduIpo: seconded by Mr. CI- r1,.!1,uj:an that the statutory rule be suspended and that Ordinance No. 7")11. be read imme- diately the second and third times and put upon its passage. The affirma- tive vote on said motion was as follows;- Diddulph, Di.jv.,011, .:iCi7'i.2.G1vJ') uG'1�?6'r, jti2icJ. • Thereupon the Ordinance was read the second and third times and put upon its passage and the affirmative vote thereon was as follows;- Diddulph, Tidwell, r}- rristMELTI, Cchirdler, Seltzer, Stino. Ordinance passed December 17, 1e" ^Y Approved and signed by the Mayor, r,ecenlocr '17', 1:) 1291 oe" _ Mayor. 12