01-05-1943 to 02-06-1951 Ordinance 620 to 869

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2, facsimile of the signature of the Clerk shall be attached to and made a part of said bonds; provided, however, that if said bonds are sold bearing a different rate of interest than here- inbefore specified, such bonds shall bear such rate of interest as may be provided for in the resolution of council approving the award thereof.. Principal and interest shall be payable at the Bank of Berea Company, North Olmsted Branch, in the Village of North Olmsted, Ohio. Section 3. For the purpose of providing the necessary funds to pay the interest on the foregoing issue of bonds promptly when and as the some falls due, and also to provide a fund suffi- cient to discharge the said serial bonds at maturity, there shall be and is hereby levied on all taxable property in the Village of North Olmsted, in. addition to all other taxes, a direct tax annually during the period said bonds are to run, in en amount sufficient to provide funds to pay the interest upon said bands as and when the same shall fall due, and also to provide a fund for the discharge of the principal of said serial bonds at maturity, which tax shall not be less than the interest and sinking fund tax required by Section 11 of Article XII of the Constitution.. Provided, however, that in each year that the assessments anticipated by said bonds are payable and are applicable to the payment of such interest and principal and are appropriated for such purpose, the amount of such tax shall be reduced by the amount of the assessment so appropriated: Said tax shall be and is hereby ordered computed, certi- fied, levied and extended upon the tax duplicate and collected by the same officers, in the same.manner and at the same time that taxes for general purposes for each of said years are certified, extended and collected. Said tax shall be placed before and in preference to all other items and for the full amount thereof. The funds derived from said tax levies hereby