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1 <br />shall bear interest at the rate of three per centum per annum, <br />payable semi - annually on the first days of April and October of <br />each year and for rhich the proper interest coupons bearing a <br />facsimile of the signature of the Clerk; shall be attached to and <br />made a part of said bonds; provided, how -ever, that if said bonds <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 resolutIion 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 serial bonds 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 dub,-and also to provide a fund for the discharge <br />of the principal of said serial bonds at maturity, which 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 <br />is bareby ordered <br />computed, certi- <br />fied, levied and extended upon-the tax duplicate <br />and collected <br />t <br />by the same officers, in the same manner and at. the same time <br />that taxes for general purposes <br />for each of said <br />years 'are certi -� <br />11' <br />_fied extended and collected. <br />Said tax shall be <br />placed before <br />and in preference to all other <br />items and for the <br />full amount <br />