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} <br />f <br />r <br />3 <br />are sold bearing a different rate of interest than hereinbefore <br />specified, such bonds shall bear such rate of interest as may be <br />provided for in the resolution of council approving the award <br />thereof. Principal and interest-,shall be payable at the Bank of <br />Berea Company, North Olmsted Branch, in the Village of North Olmsted, <br />Ohio. <br />Section 3. For the purpose of providing the necessary <br />funds to pay the interest on the foregoing issue of bonds promptly <br />when and as the same falls due,. and also to provide a. fund suffi- <br />cient to discharge. the said serialbonds at maturity, there. shall <br />be and is hereby levied on all taxable property in the Village of <br />North Olmsted, in addition to all other taxes, a direct tax annually <br />during the period said bonds are to run, in.an amount sufficient to <br />provide funds to pay the interest upon said bonds as and when the <br />same shall fall,due, and also to provide a fund for the discharge <br />of the principal of said serialbbnds at maturity, vvhich tax shall <br />not.be less than the interest and sinking fund tax required by <br />Section .11 of Article .XII of the Constitution. Provided, however, <br />that in each year that the assessments anticipated by said bonds <br />are payable and are applicable to the payment of such interest and <br />principal and are appropriated for _such purpose, the amount of <br />such tax shall be reduced by the amount of the assessment so <br />appropriated. <br />Said tax shall be and is hereby ordered computed, certi- <br />fled, levied and extended upon the tax duplicate and collected <br />by the same officers, in the same manner and at the _same time <br />' than taxes for general purposes for .each of saidypars are certi- <br />fied., extended and collected. Said tax shall be placed before <br />and in preference to all _other items and for the full amount <br />thereof. The funds derived from said tax levieshbreby required, <br />shall be placed in a separate and distinct fund, Which, together <br />With the interest collected on the'same, shall be irrevocably pledged <br />for the payment of principal and interest.. of said -bonds i4hen and <br />as the same fall due. <br />